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After a Tough 2016, What Can The Bunker Industry Expect in 2017?
After a Tough 2016, What Can The Bunker Industry Expect in 2017?
Restructuring, the journey to 2020, rising and volatile bunker prices, and digital bunkering are all in the outlook for the coming year.
6 Jan 2017
Bunker Price Increases to Add to Dry Bulk Stress, Says Singapore Shipping Exec
"Current prices or moderate increases can be reasonably anticipated to last through 2017," says Eddie Huang of Glory Pacific Shipping.
6 Jan 2017
OceanConnect Marine Expands With New Athens-Based Bunker Traders
"We are delighted to add our sixth trading location," says OCM Managing Director S.I. Shim, who is set to announce further hires in Q1 and Q2 of 2017.
6 Jan 2017
Sri Lanka to Renegotiate Framework Agreement with Chinese Company for Hambantota Port
The agreement outlines the management of the Port of Hambantota under the joint venture, which includes bunkering.
6 Jan 2017
Crude Makes Gains After a Back and Forth Day
Saudi Arabia confirmed it is holding up its end of the OPEC agreement.
5 Jan 2017
Aegean Launches New Bunker Supply Operation in Rostock
Aegean is set to acquire the existing share capital of physical bunker supplier and cargo oil trader Bunkering & Trading GmbH.
5 Jan 2017
ExxonMobil Insight: Part 4 - Fuel Compatibility and Stability [ Video ]
A lack of compatibility between fuels can lead to significant sludge formation and even engine blackouts.
5 Jan 2017
Weekly Vessel Scrapping Report: 2016 Weeks 51 & 52
Weekly Vessel Scrapping Report: 2016 Weeks 51 & 52
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from December 22, 2016 – January 4, 2017.
5 Jan 2017
MHI-MME Turbocharger Selected for WinGD Dual Fuel Engines
MHI-MME says its MET turbochargers are ecofriendly, supporting environmental preservation.
5 Jan 2017
Shipping "Will Find a Way" Through Another Difficult Year: Moore Stephens
"The inherent volatility of the industry will continue throughout 2017," says Moore Stephens.
5 Jan 2017
2200 cbm LNG Bunkering Barge Draws Closer to Completion with Cargo Handling System Delivery
GAS Entec has delivered engineering service and LNG Cargo Handling Equipment package to CME's LNG bunker barge project.
5 Jan 2017
Newbuild ECA Ferry Receives First LNG Bunkering from Skangas
Megastar, Tallink's new LNG-powered ferry, was bunkered with LNG for the first time at the Skangas Pori LNG terminal on Wednesday.
5 Jan 2017
Increased North American Production Will Cap Oil in the $55-$60 Range For 2017: Analysts
Meanwhile, a top U.S. oil industry group calls on Trump to reduce regulations.
5 Jan 2017
Iraq May Not Be Able to Fulfill Its OPEC Cutback Obligations
Meanwhile, Libya is making progress in doubling its output capacity for 2017.
5 Jan 2017
WWL Highlights Sustainability Strategy Amid Challenging Market
Anna Larsson, Head of Sustainability at WWL, says the company's sustainability efforts combine long-term vision and immediate-term targets.
5 Jan 2017
Buckeye Finalises Acquisition of 50% Share in VTTI
Buckeye acquired the 50 percent share in VTTI for $1.15 billion, with VTTI now owned indirectly through a 50/50 split between Buckeye and Vitol.
5 Jan 2017
Oil Benchmarks Regain Ground After Yesterday's Losses
Bunker prices were firmer in the primary ports.
4 Jan 2017
Singapore's MPA Issues Bunker Survey Licences to 51 Companies
The licenses are valid from January 1, 2017 to December 31, 2017.
4 Jan 2017
BIMCO Foresees Another Tough Year for Shipping in 2017, Including Tankers
"The full restoration of shipping markets will need several years of solid improvements to lift fleet utilisation rates," says BIMCO.
4 Jan 2017
World Fuel Services Set to Become Exclusive Marine Fuel Supplier at Texas Terminal
WFS says it will become the exclusive marine fuel provider at the Sunoco Logistics Nederland terminal in Texas, effective March 2017.
4 Jan 2017
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