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Iran's Khalij Fars Targeting an Increase in Bunkering to Ships Passing the Strait of Hormuz

Khalij Fars Oil Port's storage capacity is set to see an increase from 300,000 tonnes to 1.8 million tonnes as the result of private sector investments.

Jamaica-Based Bunker Supplier Eyes Growth, Completes $22.5M Storage Acquisition

"It's all part of our effort to make Jamaica the logistics hub of the Caribbean," a spokesperson for the company tells Ship & Bunker.

Weekly Vessel Scrapping Report: 2016 Week 25

Weekly Vessel Scrapping Report: 2016 Week 25

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from June 23 – June 29, 2016.

MPA Expands Green Incentive Programmes to Encourage Uptake of LNG Bunkers

The Green Ship Programme now includes ships using LNG bunkers, while the sulfur oxide limit of the Green Port Programme has been tightened to 0.5%.

VeriFuel to Offer Green Award Incentives

Certified ships will receive a 5% discount on fuel quality testing and on bunker surveys from VeriFuel, and a 15% discount on VeriFuel training courses.

Venezuela Debts Mount, Production Falls, Meltdown Intensifies

Rig count plummeted from 69 to 59 in May, says Baker Hughes.

MPA to Address Mass Flow Meter Dispute Resolution

The information will come as part of SIBCON 2016 in October.

Bunkers Jump, Oil Rebounds Back Over $50/bbl as Brexit Panic Fades, but Citi Warns Uncertainty and Volatility Will Persist

However, oil's return to the $50 level causes some critics to complain that it is still underperforming.

Carnival Gets Q2 Earnings Boost from 41% Lower Bunker Bill

Carnival also reported its bunker hedging program faired much better than in the period last year.

Hapag-Lloyd and UASC Reach Agreement on Merger Terms

Hapag-Lloyd's supervisory board is said to have approved the deal, while UASC's shareholders still need to approve the plan.

2M Mulls More Partners: Israel's ZIM Now Said to Be in Talks to Ally with Maersk Line and MSC

The news comes on the heels of news that HMM is also in talks to join the alliance, with Alphaliner dubbing the potential 4 carrier group 2M++.

Inventories Decline for 6th Straight Week

Bunker prices continued on yesterdays momentum and were firm in the primary ports.

Finnlines to Enhance Operations for ECA Compliance Through €50 Million EIB Loan

The €50 million loan will be used toward Finnlines' €100 million Environmental Technology Investment Programme.

Baltic Exchange and SGX Agree to Extended Take Over Talks Exclusivity Period

Exclusive talks over an offer for the Baltic Exchange has been extended to August 31, 2016 from June 30.

GPS Bunkers First to Begin Mass Flow Meter Bunkering in Fujairah and KhorFakkan

GPS Bunkers is the first in the region to offer MFM bunkering, with deliveries starting this week, the supplier has told Ship & Bunker.

Iran Moves Forward With Qeshm Island Terminal, Bunkering Plans

The storage facility planned for Qeshm Island will store approximately 30 million barrels of light, heavy, and ultra-heavy fractions of crude oil.

K Line Turns to Big Data for Bunker Savings

K Line says it is working with KHI on the development of K-IMS, an integrated vessel operation and performance management system.

Nigeria Looks to China for $50 Billion, Says Crude Output Will Soon Reach 2.2 Million BPD

The country credits pipeline repairs and a break in militant attacks for the upswing.

Rising Production Risks a Crude Price Slide to $10-$20/bbl, Says Analyst

"Recent gains have little to do with the fundamentals that led to the collapse in the first place," they say.

LitGas in Talks for a Klaipėda LNG Bunkering Vessel

The potential deal may see Blue LNG operate a LNG vessel that will perform bunkering operations and transport gas from Klaipėdos Nafta's LNG terminal.

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