Archive News

July, 2016
Date	Headline	Image
Thu21Jul	Weekly Vessel Scrapping Report: 2016 Week 28 Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from July 14 – July 20, 2016.
Thu21Jul	Grounded MV Benita: More Than 200 cbm of Contaminated Fuel Oil and Lube Successfully Removed The vessel is said to remain aground and in a stable condition, with skimming of any oily water residue continuing "as a precaution."
Thu21Jul	NASSCO Completes Float Out of Fourth of Five APT LNG-Ready ECO Tankers The Bay State is the fourth of five 50,000 DWT, LNG conversion-ready, ECO Class tankers being built for APT.
Thu21Jul	Two South Korean Shipping Lines Slated to Ply Northern Sea Route Until September Pan Ocean and Kukbo Transportation will be shipping plant facilities to Russia and Kazakhstan by way of the Arctic's Northern Sea Route.
Thu21Jul	Titan Petrochemicals Announces Successful Restructuring, Return to Hong Kong Stock Exchange The company's shares returned to trading on the Hong Kong Stock Exchange on July 15, 2016.
Thu21Jul	Oil Prices Expected to Remain Choppy As Russia, Iran, and Libya all Indicate Rising Output Russia, Iran, and Libya are among the global players either increasing production or recovering its market share.
Thu21Jul	Barclays Raises Medium Term Oil Price Outlook, But "Crexit" Threatens to Trigger Another Financial Crisis Pessimistic analysts warn that a mass exit of lenders from credit markets, the so-called "crexit", could seriously derail any gains for crude.
Thu21Jul	Four Men Arrested in Singapore for Fraudulent Possession of MGO Singapore Police Force say about 25 metric tonnes of MGO was found hidden in the buoyancy tanks of a tug boat on Monday.
Thu21Jul	Turkey to Push Ahead With Bosphorus Strait Bypass Canal Turkish president Recep Tayyip Erdoğan says the attempted coup last weekend has not caused any delay to construction plans for Kanal Istanbul.
Thu21Jul	Concern Raised Over Environmental Safety of Fuel Transfer Operations on U.S. East Coast Residents in Portland, Maine, say lacking state regulations are enabling vessels to conduct ship to ship fuel transfers without spill prevention equipment.
Thu21Jul	Costa Cruises Reduces Energy Consumption by 4.8%, Carbon Footprint by 2.3% Costa Cruises announced the achievement Tuesday upon the release of its latest sustainability report.
Thu21Jul	The End of Legacy Yahoo Messenger: The Bunker Industry Says It's Moving to Skype Several players tell Ship & bunker that they're switching to Skype, but most stress they'll need to use multiple platforms to support their customer's needs.
Wed20Jul	EIA Report Lifts Crude Prices Bunker prices were firm to stable in the primary ports.
Wed20Jul	Recruiting and Retaining Top Talent at Sea A recent IMO study revealed that the current officer shortfall stands at about 16,500 officers and if trade increases, this may get worse.
Wed20Jul	Oil Prices Will Fall And Stay Low, Say Analysts, But Disagree On The Severity Everything from overproduction to the rise of Donald Trump are cited as factors in the price plunge.
Wed20Jul	Malaysia Sees Growing Importance for Strait of Malacca The Malaysian Prime Minister's special envoy to China says there is "renewed interest in maritime facilities along the Strait of Malacca."
Wed20Jul	Tight Avails Continue in Hamburg Bunker Market Ship owners are said to have been left to pay steep premiums for the product that is available.
Wed20Jul	Low Box Rates, New Alliances Tempers Carrier Shift to U.S. East Coast: Drewry Drewry says any further shift in the cargo from the North American West Coast to the North American East Coast will be gradual.
Wed20Jul	Pundits Conflicted On Whether Brexit Is A Blessing Or Curse To North Sea Oil Operators One faction cites increased decommissioning as a fallout while the other says the weak Pound is making operations more affordable.
Wed20Jul	Petro Inspect Expands with New Office in Hong Kong Mr. Stanley Kwok Junde has been appointed as Director Operations of Hong Kong / China region.

Showing 61-80 of 218 articles from July, 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 30

2US and China to Pause Maritime Trade Actions for One Year

Beijing says both countries will suspend maritime measures imposed on each other for one year.
Oct 29

3JuWonOil 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 31

4Lukoil to Sell Overseas Assets to Trading Firm Gunvor

Lukoil said it has accepted Gunvor's offer and will not engage with other potential buyers.
Oct 28

5Lukoil 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.

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