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NEDA Maritime MRV-Ready, Says Verifavia

Verifavia, which conducted a "pre-verification GAP-Analysis" audit on NEDA Maritime, says the company is "on course" for MRV regulation compliance.

UPDATE: CMA CGM Deny it is in Talks to Order 20,000 TEU Capacity Box Ships

South Korean shipyards HHI, SHI, and DSME said they are in preliminary talks with CMA CGM, but the shipper tells Ship & Bunker they are not.

Qingshan Shipyard Delivers Second Eco-Friendly Bulk Carrier to Croatian Owner

Chinese shipyard completes order for environmentally sustainable handy-size bulk carriers to Croatia-based shipping company.

Market Rebalance Could Contain Price Spikes Due to Investment Declines: IEA

IEA calls current industry investment cuts "historic" and a major concern.

MGO Premium Relative to HFO Getting Significantly Larger [Graph]

This dramatic fall in bunker prices has somewhat masked the significant rise in MGO's price relative to IFO380.

Crude Down on OPEC Comments

Bunkers were relatively flat early in the day but softened as the day went on.

MOL Launches Efficiency Boosting Big Data Trial

MOL says the big data initiative is being launched in cooperation with Class NK's Ship Data Centre.

Russia: $50 Oil OK for the Long Term, and Nations Controlling 75% of Crude Exports Support Output Cap

$50 oil would likely mean bunkers in the $250 to $300 pmt range, significantly less than the $600+ pmt they were paying as recently as mid 2014.

Baltic Dry Index Edges Up Again, as Players Agree Scrapping is the Only Way to Get Real Recovery

In the meantime, players should ignore low bunker prices and continue to slow steam.

Crude Futures Rise

Oil prices caught support from a firm equities market.

Djibouti Player Reports Growing Bunker Volumes

"Djibouti is now established as a very efficient and safe bunkering hub for Red Sea Channel," says the bunker player.

Monjasa Appoints New COO

Monjasa Appoints New COO

Group consolidation is said to be "top of agenda."

Golden Ocean Finalises $200 Million Share Issue

Golden Ocean Friday announced that it has successfully completed private placement of new shares at NOK 5.00 per new share.

Star Bulk Joins Capesize Vessel Pool

Star Bulk says it has entered into a 65 vessel Capesize pooling agreement with CTM, Golden Ocean, and Bocimar International.

China COSCO Shipping Aiming for 2 Million TEU Capacity by 2018

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.

WSS Warns On Wax Build Up When Using Low Sulfur Fuels

"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.

Bunkers Stolen from Vessel at Anchor off Chinese Coast

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.

BDI Continues Upward as Higher Bunker Prices Spark Hopes of Support for Capesize Segment

The Baltic Dry Index gained 2 points on Friday to reach 315, marking one straight week of positive movement.

One Third of Oil Companies at Risk of Bankruptcy This Year: Deloitte

Low commodity prices are blamed for an inability to generate cash and pay off debts.

Golden Ocean CEO: Company is in a "Very Serious Situation"

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."

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