Archive News

December, 2016
Date	Headline	Image
Fri30Dec	Rickmers Bondholders Reject Debt Restructuring Proposal The proposal would have seen the restructuring of S$100 million 8.45 percent notes.
Fri30Dec	Bunker Prices at Major Bunkering Hubs Double in 2016 The jump comes despite the underlying Brent crude price have risen just 52 percent over the year.
Fri30Dec	Oil in 2016 Posted Best Showings Since 2009; But Storm Clouds Loom in the New Year Despite end-of-year jubilation over 2016, critics now wonder if OPEC will cause a reversal of fortunes in 2017.
Fri30Dec	Skangas Signs Deal for First Small-Scale LNG Reload at Klaipeda LNG Terminal Skangas says it sees the move as a "natural next step" to support the development of the small-scale market in Northern Europe, including bunkering.
Fri30Dec	Jamaican Spills Linked to Bunkering Operations in Kingston Harbour NEPA says that, of the three spills that occurred from November 24 to 26, two have been linked to bunkering activities.
Fri30Dec	China LNG Announces New LOI to Support LNG Bunkering in Pearl River Delta The LOI addresses investments for the construction of LNG refuelling docks, LNG refuelling stations, and LNG storage at Chu Kong Shipping terminals.
Fri30Dec	Bulls Forecast 2017 As "One of the Best Oil Years," Cooler Heads See Crude Capped at $60 Amid further predictions of oil hitting $100/bbl, a new Reuters poll pegs oil in a more conservative $60 neighbourhood.
Thu29Dec	Crude Benchmarks Soft After Another Quiet Day Bunker prices have been relatively stable today.
Thu29Dec	Hanjin Reports U.S. Assets Fall Significantly Short of Liabilities The company's U.S. assets are noted to total more than $124 million, while liabilities are reported to amount to $340 million.
Thu29Dec	Debunkering Underway for Grounded Vessel in Greece Crews are reported to have removed 4,600 litres bunkers from one of the fuel tanks of the grounded vessel, Cabrera.
Thu29Dec	Port of Amsterdam "Recalibrates" Shore Power Pricing Policy "Shore power contributes to a cleaner, greener port and the Port is seeking to expand this facility substantially," says the port.
Thu29Dec	Neste to Supply Low Sulfur Bunkers to Eckerö Line Vessel The agreement is noted to cover the supply of low sulfur bunkers to Eckerö Line's M/S Finlandia throughout 2017.
Thu29Dec	Prospect of Lower Demand and OPEC Cheating Doesn't Deter Predictions of $100 Oil Tim Pickering points out that oil doesn't like to "stay stuck" for very long.
Thu29Dec	Venezuela Vows To Slash Production, Create 10 Years Of Market Stability Venezuelan president Nicolas Maduro says he will achieve his stability goal but didn't explain how.
Wed28Dec	Oil Markets Quiet, but Heading Towards Year End on an Upwards Trend There are hopes though that with the new year oil benchmarks will soften as they seem overheated from December's rally.
Wed28Dec	ECA Bunker Firm Neste to Buy Former Biodiesel Plant Previously, conventional FAME biodiesel was produced at Sluiskil," the company says.
Wed28Dec	ReCAAP: No Tanker Hijackings for Oil Cargo Theft in November, Total of Three Since January Instances of piracy and armed robbery against ships in Asia saw a 60 percent decrease in November 2016 compared to the same month of 2015.
Wed28Dec	Debunkering of Grounded Cargo Ship Prevented by Bad Weather Cabrera ran aground on the Greek island of Andros early Saturday morning.
Wed28Dec	Crude Creeps up as Libya and Nigeria Announce Output Increases Analysts debate whether we're headed for a further price rally or a stall.
Wed28Dec	"Bargain hunting" China May Slow Glut Reduction If OPEC Cutbacks Boost Prices Further: ClipperData Analysts also cite U.S. shale as potentially ruining the effect of the cutbacks.

Showing 1-20 of 205 articles from December, 2016

Oct 28

1Global Partners Launches Port of Houston Physical Supply

Global Partners will offer HSFO, VLSFO and LSMGO via two newbuild barges from Blessey Marine Services, a company representative tells Ship & Bunker.
Oct 29

2JuWonOil Expands Into US Gulf LNG Bunker Market

The firm is developing structured logistics for small-scale LNG bunkering and distribution, a company representative tells Ship & Bunker.
Oct 28

3Lukoil to Sell International Operations After US Sanctions

Lukoil's international assets of interest to the bunker industry include Lukoil Bulgaria, a key supplier of marine fuel in the Black Sea.
Oct 28

4World Kinect Bunker Operations Return to Profit in Q3

The firm has appointed Ira Birns - formerly CFO - as its new CEO as of January 1, 2026.
Oct 30

5US Cuts Tariffs on Chinese Products by 10% After Trump-Xi Meeting

The decision follows a meeting between President Trump and President Xi in Busan on Thursday.

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