Archive News

February, 2016
Date	Headline	Image
Thu04Feb	Weekly Vessel Scrapping Report: 2016 Week 5 Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from January 28 – February 3, 2016.
Thu04Feb	Another Historic Day for Dry Bulk as Baltic Dry Index Falls to 298 Average spot TC rates fell to $2,743 per day for Capesize bulkers, and $2,837 per day for supramax ships.
Thu04Feb	Attacks Against Fuel Tankers in SE Asia Dropped in 2015, Says IMB Fewer attacks against small fuel tankers around SE Asian coasts is said to be a "key factor" in a recent overall global reduction in piracy and armed robbery.
Thu04Feb	Update: Chevron Confirms Bunker Spill During Loading at Philippine Oil Depot Amid clean up efforts, the Philippine Coast Guard said it was determining the fines that Chevron will face for the oil spill at its San Pascual oil depot.
Thu04Feb	Japanese Dry bulk Giant Misses Rehabilitation Deadline Daiichi Chuo Kisen Kaisha is now scrambling to raise funds from shipowners and other creditors.
Thu04Feb	"Plenty of Signs" OPEC's High Output Strategy is Working The indications include declining US shale output and a crumbling Russian economy.
Thu04Feb	Bunkering Set to be Affected as Greek Port Workers Launch Third Set of 48 Hour Strike Action Coming alongside a 24 hour nation-wide general strike, five ports including Piraeus, are set to continue strike action for an additional 24 hours.
Thu04Feb	Malaysia's Largest Drybulk Owner Issues Profit Warning The dry bulk carrier says it expected to record "a substantial loss" for the fourth quarter, and 2015 as a whole.
Thu04Feb	Plans to Sell off Stakes in Affiliates Buoys Hyundai Merchant Stocks The shipping line saw its stock prices rise to three week highs on news of its plans to sell its stakes in affiliate companies.
Thu04Feb	Western Bulk ASA to sell Western Bulk Chartering AS Board of directors reacts to "increasingly challenging market" with rapid sale of bulk chartering business.
Thu04Feb	Gulf Petrochem Dismisses Bunker Market Exit Rumours "Quite the opposite, in fact," Lamerton tells Ship & Bunker.
Wed03Feb	Crude Futures Soar ICE contracts for April delivery settled firm, well above 8% since yesterdays close while WTI March contracts firmed over 7%.
Wed03Feb	Dry Bulk Players Face Reality of Mass Scrapping, Lay-Ups as Baltic Dry Index Sinks to New Record Low of 303 The reality appears to be that there simply is not going to be enough demand to support the current dry bulk fleet at any meaningful point in the future.
Wed03Feb	Port of Los Angeles Failing to Enforce Shore Power Rules A recent audit has found that the TraPac terminal at the Port of Los Angeles has failed to meet a number of the city's air quality improvement measures.
Wed03Feb	Venezuela Gets Luke Warm Response on Continued Calls for Crude Output Cuts Venezuela's Oil Minister is said to have gained only promises of further discussions from a meeting with Russian Energy Minister Alexander Novak.
Wed03Feb	First Suezmax Tanker to Load Iranian Crude Oil in Post Sanctions Era Russian oil trader Litasco said to be ready to load the Distya Akula with 130,000 mt of Iranian crude.
Wed03Feb	Chinese Firm Pulls Out of $680 Million Fuel Oil Deal with Rosneft The privately owned Chinese company is said to have made the decision following a fall in crude prices.
Wed03Feb	Star Bulk Sells Another Capesize Carrier for $23.3 million Star Bulk says it will use the proceeds from the sale to pay down debt related to the vessel and for general corporate purposes.
Wed03Feb	Oil Prices Will Double Within a Year Even Without Production Cuts, Predicts Analyst $60 crude would likely see IFO380 bunkers rise to be around $250 to $300 pmt.
Wed03Feb	Gazprom Denies Rumours of Output Reduction Discussions, Says There's No Need for Production Cuts "At the moment, we see that for us, a cut in production is not economically justified," says Gazprom Neft's Alexei Yankevich.

Showing 181-200 of 224 articles from February, 2016

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.
May 30

5Bunker Holding Group Streamlines Legal Structure to Simplify Operations

The company tells Ship & Bunker that the restructuring will not affect current back-office operations or result in job losses.

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