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Mar
February, 2016
Date Headline Image
Tue23Feb
Bond rating firm releases report suggesting Iranian crude volumes coming onto market will plateau by 2017.
Tue23Feb
In the meantime, players should ignore low bunker prices and continue to slow steam.
Mon22Feb
Oil prices caught support from a firm equities market.
Mon22Feb
"Djibouti is now established as a very efficient and safe bunkering hub for Red Sea Channel," says the bunker player.
Mon22Feb
Group consolidation is said to be "top of agenda."
Monjasa Appoints New COO
Mon22Feb
Golden Ocean Friday announced that it has successfully completed private placement of new shares at NOK 5.00 per new share.
Mon22Feb
Star Bulk says it has entered into a 65 vessel Capesize pooling agreement with CTM, Golden Ocean, and Bocimar International.
Mon22Feb
The U.S. Coast Guard said clean up operations were underway for an oil spill reported around a bulk carrier anchored near Kalama, Washington.
Mon22Feb
2 Million TEU would make the new entity resulting from the merger of China Cosco Group and China Shipping Group the third largest carrier in the world.
Mon22Feb
Analysts say Venezuela could need oil as high as $200 barrel oil to balance its budget.
Mon22Feb
French recycler Ecoslop raises $6.12 million through convertible bond issue.
Mon22Feb
Greek government declares Chinese state-owned firm preferred buyer for 67% stake in port.
Mon22Feb
"Prevention of this waxy sludge is much easier than finding a cure," Sachin Gupta of WSS warns for use of low sulfur distillate fuels in cold temperatures.
Mon22Feb
Joe Barton, Republican congressman for Texas, says the US has killed OPEC and that the cartel, along with Russia, "literally don't know what to do."
Mon22Feb
About 39 mt of low sulfur MGO is reported to have been stolen from the 176,346 DWT Nord Power while it was in the Tianjin outer anchorage.
Fri19Feb
The Baltic Dry Index gained 2 points on Friday to reach 315, marking one straight week of positive movement.
Fri19Feb
Low commodity prices are blamed for an inability to generate cash and pay off debts.
Fri19Feb
The stems were said to be up to 6,000 tonnes each.
Fri19Feb
The BDI gained another 6 points Thursday, while Golden Ocean's CEO says he is confident there will be "massive scrapping" of older vessels.
Fri19Feb
However, despite posting a net loss of $69.3 million for Q4, Billung says the dry bulk market "will repair faster than any analysts expects."