Archive News

November, 2015
Date	Headline	Image
Tue03Nov	Brent Crosses $50/bbl Threshold After a Significant Day of Gains for Crude Futures Both Brent and WTI contracts for December delivery settled up 4%.
Tue03Nov	Moody's Upgrades Global Shipping Outlook to "Stable" on Continued Low Bunker Prices The analyst notes that low bunker prices will also be a driver of "low single-digit percentage aggregate year-over-year EBITDA growth" for the industry.
Tue03Nov	Egyptian Banks Mulling Another $300M Loan to Suez Canal The loan is expected to help cover the canal's financial obligations.
Tue03Nov	Low Bunker Prices the Only Thing Preventing Huge Losses for the Teetering Box Shipping Sector: Drewry Maersk Line's recent Triple-E lay up along with its guidance downgrade should serve as a wake up call for the industry.
Tue03Nov	Gulf Petrochem Opens New Al Hamriya Terminal Gulf Petrochem says its "state of the art terminal" will have total capacity of 203,888 cbm, including 37 tanks ranging from 1,700 to 11,200 cbm.
Tue03Nov	Karachi Player Highlights Bunker Quality Control The Pakistani bunker supplier says sourcing bunkers only from local refineries means they can provide "genuine quality bunker products."
Tue03Nov	Cape Town "Simply Not Designed to Cope" with Ex-Truck Delivery July's removal of Cape Town's pipeline system for bunkering has increased truck-to-ship fuel deliveries.
Tue03Nov	MPA Partners on Research Facility for Eco-Friendly Maritime Technologies The $5.73 million facility, referred to as a "maritime energy test bed," is said to be the first of its kind in Southeast Asia.
Tue03Nov	Joint IACS and Industry Working Group to Examine Fuel Data Collection The INTERTANKO organised tripartite meeting also saw concern expressed over the Ballast Water Management Convention entering into force.
Tue03Nov	IMB Says Southeast Asia Piracy Crackdown "Appears to be Bearing Fruit" but Warns Against Complacency The organisation says there is reported to have been 190 incidents of piracy and armed robbery against ships so far this year.
Tue03Nov	Seven Found Guilty of Illegal Bunkering in Nigeria The crew had been caught by authorities with 1,495 metric tonnes of product.
Tue03Nov	Ship Operating Costs to Escalate in 2016: Moore Stephens But the consultant says the anticipated increases are low compared to previous years.
Tue03Nov	Northern Sea Route, Panama Canal Predicted to Be Major LNG Access Routes to Asia However, LNG ships face a host of challenges using these two routes.
Mon02Nov	Oil Benchmarks Begin the Week Soft Russia took the headlines today as it reported that October saw its highest daily oil production since the dissolution of the Soviet Union.
Mon02Nov	Monjasa Appoints Carsten Vanting as Head of Credit Vanting comes from the bunker industry as the former Group Credit Director of the O.W. Bunker Group.
Mon02Nov	Drewry: Box Markets are in an Over-Capacity Crisis, Next Year Will be Worse Analysts warn there could be "several years of overcapacity and mounting financial losses."
Mon02Nov	WFS Ready to Make "Pretty Serious Dent" in M&A Space The company has seen high cash flows so far in 2015.
Mon02Nov	"Huge Contraction in Freight Rates" Pulls NOL Back into the Red "The absence of the traditional third quarter peak season in Europe and North America led to severe freight rates erosion," said CEO Ng Yat Chung.
Mon02Nov	Singapore's MPA Sees Self-Regulated LNG Bunkering Industry MPA director argues that bunkering already has strict procedures.
Mon02Nov	Vessel Owner Hit with $1 Million Fine After Bunker Spill Tri-Marine has also agreed to perform fleet inspections, and implement other corrective measures after a fuel spill from one of their vessels.

Showing 201-220 of 228 articles from November, 2015

Jun 05

1INSIGHT: Not All Biofuel Bunkers Are Equal - Navigating Carbon Intensity, Compliance, and Cost

Marex's Bastien Declercq discusses how biofuel markets are likely to react to the IMO's new GHG regulation.
Jun 04

2Singapore Bunker Supplier Hai Yin Marine to Lose Licence This Month

The MPA has not directly given a reason for declining to renew the licence.
Jun 02

3BlackCoral Energy and Biofuel Express Join Forces on Marine Biofuel Supply

The new joint venture will initially focus on biofuel supply in northern Europe, BlackCoral Energy Managing Partner Jesper Christensen tells Ship & Bunker.
Jun 04

4MAN Energy Solutions Rebrands as 'Everllence'

CEO Uwe Lauber revealed the new brand name at the company's Augsburg headquarters on Wednesday.
Jun 02

5BC Petroenergy DMCC Hires Former World Fuel Services Manager

The new hire had previously worked for World Fuel Services since 2014.

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