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OPEC Predicts Increased Oil Demand in 2016 While Analysts Anticipate Further Price Reductions

OPEC also says 2016 is the year in which "the rebalancing process starts."

Iran Cuts European Crude Prices for February Delivery

Both Iran and Saudi Arabia have increased light crude prices for February delivery to Asia by $0.60 per barrel, however.

Crude Future Continue to Soften

The market saw a brief rally today as traders covered short positions and China reported oil demand hit a record high in 2015.

NAT: Strong Tanker Market Continuing Into 2016

The tanker owner says 2015 was a "very good" year, and that "a low oil price is good for NAT."

Rare Positive for Dry Bulk as Safe Bulkers Bags Bumper Charter Deal

The unnamed customer is set to pay significantly more than recent charter rates for the 87,000 dwt bulker.

Dry Bulk: Worst Crisis in Living Memory Continues as Baltic Dry Index Falls Further to 363

"We are now at the stage where people are struggling to remember an era when it was this difficult," says Baltic Exchange chief executive.

Mercator Confirms Singapore Dry Bulk Exit

The company says all other operating businesses of Mercator India "are performing satisfactorily."

BWM Convention Still Shy of Tonnage Required to Be Brought into Force

The news has particular relevance to the currently buoyant tanker markets.

Baltic Dry Index Falls to Fresh Record Low of 369, Panamax Rates Fall Under $3,000

The Index has fallen 22 percent so far in 2016.

Product Tankers Continue to Benefit from "the New Oil Market"

Ardmore CEO Anthony Gurnee has reaffirmed his bullish outlook for the segment.

Ardmore Refinances Debt to Support Continued Growth

The shipping company says it has received $364 million in total senior secured term loan commitments across two facilities.

Lower Bunker Prices Ahead as Brent Closes Under $29 and Analysts Warn Bottom Not Yet Reached

Analysts are bracing for further declines this week now that sanctions against Iran have been lifted.

Baltic Dry Index Ends Week with Another Record Low of 373, Cape Index Falls Under 200

The sector's key barometer has now fallen to a new record low for the past nine consecutive sessions.

Bunker Holding Dismisses Rumours Over Job Losses, Financial Problems

The rumours appeared to start in Singapore around Lunchtime, triggered by a number of job losses made at the bunker giant today.

VLCC Rates for Key Asia Route Down 44% in 2016

The key Persian Gulf to Japan route has slumped by over 44 percent.

Dry-Bulkageddon: Baltic Dry Index Falls Another 11 Points to New Record Low of 383, Capesize Average Spot TC Rates Dip Under $3,000

"Providing credit to dry bulk so they can buy bunkers is just getting incredibly difficult now," 20|20 Marine Energy's Adrian Tolson tells Ship & Bunker.

Weekly Vessel Scrapping Report: 2016 Week 2

Weekly Vessel Scrapping Report: 2016 Week 2

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from January 7 – January 13, 2016.

All or Nothing is the Range Established in the Latest Round of Oil Price Predictions

Analysts believe oil could either climb to a spike of $500 per barrel or drop to under $0, depending on circumstances.

Singapore's Pioneer Marine Receives Second Newbuild Eco Bulker

With low freight rates, the company's CEO notes that the delivery of the fuel efficient vessel comes at a "very challenging time for the dry bulk industry."

IMO Releases Free Online Maritime Energy Efficiency Training Course

The IMO says the training package will be of interest to those looking to understand chapter 4 in MARPOL's Annex VI.

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