Archive News

March, 2016
Date	Headline	Image
Mon21Mar	Decision on Doubling Capacity at Algeciras Bunker Storage Facility to be Made Next Quarter: Vopak The expansion would more than double capacity to over 1 million cbm.
Mon21Mar	Stock Analysts Bullish Over Aegean Prospects Analysts have assigned a price target of $14.50 for Aegean in the coming period, with a trading range of $11 to $16.
Mon21Mar	Singapore's BW Group Looking to Pick Up Distressed Dry Bulk Assets With the dry bulk sector in turmoil, opportunity-minded BW Group has established BW Dry Cargo.
Mon21Mar	VPS: Bunker Surveyors Still Needed With Mass Flow Meters, Quantity Issues Will Persist Surveyors will be needed "in a vast number of areas" says VPS managing director Rahul Choudhuri.
Mon21Mar	Moody's: Benefit of Falling Bunker Prices for Box Carriers Will Fade in 2016, Global Shipping Outlook Changed to Negative As supply-demand gap widens and earnings decline bond rater takes negative stance on shipping sector.
Mon21Mar	Creditors of Singapore Dry Bulk Owner Press for Auction of Arrested Vessel The MV Garv Prem is one of five bulk carrier vessels that the company had already agreed to sell to them in January 2016.
Mon21Mar	Players Highlight Importance of MPA Role in Mass Flow Meter Roll Out In other ports there is no dominant port agency that certifies mass flow meters, potentially leading to discrepancies.
Mon21Mar	Looming BWM Convention is Raising the "Life or Death" Stakes for Beleaguered Ship Owners The coming into force of the convention will introduce the industry "to a tsunami of compliance costs and uncertainties," says the UK Chamber's Anna Ziou.
Mon21Mar	EC Backs Finnish Plan for €28 Million in Aid for LNG Bunker Terminal The small scale LNG terminal is set to be built on the country's South-East coast at Hamina.
Mon21Mar	Buy and Sell Frenzy in Singapore Market is First Big Bunker Battle of 2016: Reports The activity has also caused an unjustified backwardation, say analysts.
Fri18Mar	Korean Dry Bulk Owner Sees Rehabilitation Plan Vetoed Indebted Korean shipper Samsun Logix has until April 8th to come up with a more realistic repayment plan.
Fri18Mar	Seoul Supports HMM Restructuring, as Separate Reports Suggest Finances Worse than Previously Stated Audited financial statements of HMM said to reveal slightly larger 2015 losses.
Fri18Mar	Hanjin Shipping Seeks KRW500 Billion in Savings to Gain Eligibility to Government Fund The savings are needed to lower its debt-equity ratio, and are expected to be obtained via lay-offs and operating expense reductions.
Fri18Mar	USCG Removes Safety Zone Following Istra Ace Bunker Spill The channel is said to now be open to all vessel traffic in L.A. Harbor, although clean-up of efforts are still ongoing.
Fri18Mar	Gibraltar Looks to New Land Base Storage Project to "Consolidate its Position as the Premier Bunkering Hub in the Mediterranean" Port Minister Paul Balban says the need for land storage facilities has been talked about "for many years."
Fri18Mar	Quadrise Reports Progress on Trial Supply Project of Emulsion Bunker Fuel Commissioning of the production facility at Gibraltar San Roque Refinery is planned for 1H 2016.
Fri18Mar	ETI Eyes 10% Real World Bunker Savings with New Flettner Rotor Sail Project ETI is currently looking for expressions of interest to design, supply, fit and demonstrate flettner rotor sail technology on a large OGV, sourced by ETI.
Fri18Mar	Potential Rise in Shipping Emissions to 17% of Global Total is "Simply Unacceptable" says New UK Chamber of Shipping President "We need to start now," said the chamber's newly elected President Dr. Grahaeme Henderson.
Fri18Mar	LNG Bunkers Facing an Uncertain Future in Asia Cheap oil is slowing the adoption of the alternative fuel in Asia, an IBIA forum has heard.
Fri18Mar	Skangas to Acquire Norwegian LNG Bunkering Facility The Gasum subsidiary has signed an agreement with the Lyse Group to acquire the Risavika LNG plant.

Showing 81-100 of 249 articles from March, 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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