All News

KPI Bridge Oil Bunker Trader Relocates

Oliver Denal relocates to join KPI Bridge Oil Denmark

15 Mar 2016

India Eyes Singapore, Colombo with Eastern Bunkering Hub

It is reported that the Chennai Port is currently supplying bunker fuel via a barge that is berthed at five nautical miles from the port.

15 Mar 2016

MOL Vessel Linked to Spill During Bunkering at Los Angeles

The USCG says the spill was the result of a hatch on the cargo vessel that was not water tight.

15 Mar 2016

Low Bunker Prices Helps Intra-Asia Player Post Profit in 2015 Despite Tough Markets

SITC reported lower revenues from box rates, but the decline in bunker prices helped the company post a profit in 2015.

15 Mar 2016

2015 Annual Bunker Sales Volume Drops Back 8% for Russia's Gazpromneft Marine Bunker

The company was nevertheless upbeat over its performance for the year, saying it was "the leader of the Russian bunker market."

15 Mar 2016

AIDA Cruises Takes Delivery of Bunker-Saving Dual Fuel, Air Lubricated AIDAprima

"AIDAprima is the first ship of an entirely new AIDA product family," says Costa Group.

15 Mar 2016

Hafnia: Best Product Tanker Spot Market Since 2009

Hafnia Tankers has reported a significant increase in profit for 2015.

15 Mar 2016

Iran Will Help Rebalance Oil Market Only When Output Hits 4 Million bpd

Until then, Iran's oil minister says other countries should "leave us alone."

15 Mar 2016

OPEC Downsizes 2016 Forecast for its Global Crude Demand

However, the cartel says overall demand growth for oil remains unchanged.

15 Mar 2016

Tanker Returned to Owner Following Hijacking and Attempted Fuel Theft

The hijackers are reported to have intended to sell the vessel's 4,700 tonnes of diesel fuel on the black market.

15 Mar 2016

Aging Essar Shipping Bulk Carrier Rearrested in Singapore

The capesize was also arrested in Singapore in January 2016, and January 2015.

15 Mar 2016

Singapore Sets More Bunker Sales Records

The world's biggest bunkering port posts its best ever February total, and the highest ever total for the first two months of the year.

15 Mar 2016

Monday Crude Benchmarks Make Downward Correction

WTI and Brent gained 7% and 4% respectively over the duration of last week's trading.

14 Mar 2016

IBIA and the Trident Alliance Partner to Ensure Fair Enforcement of Bunker Sulfur Regulations

The two organisations say that "very little" attention has been paid to how a global sulfur cap for the shipping industry will be enforced.

14 Mar 2016

Maersk Line, Cargill Among SSI Members Pushing for Global Fleet to Cut Bunker Consumption by 20% a Decade

Current fuel efficiency improvements for new ships said to be less than 10 percent.

14 Mar 2016

Hanjin and HMM Can Overcome Crises Without Additional Funding: KSA

But the government needs to extend the maturity of $570 million in bonds, and swap $1 billion of debts for equity.

14 Mar 2016

Tallink Allows Option for Second LNG Powered Ferry to Lapse

Meyer Turku says Tallink intends to continue with discussions on the possible construction of the second LNG-powered vessel for the coming years.

14 Mar 2016

MAN Diesel & Turbo and Japanese Engine Manufacturer Sign Eco-Engine Deal

Supply of German manufacturer's energy-efficient marine engines to Japanese market complies with stringent, environmental regulations

14 Mar 2016

Baltic Dry Index Achieves Full Month of Gains, Rises to 388

The news comes alongside reports that three Chinese shipping giants have purchased 30 Valemax vessels amid the market's overcapacity.

14 Mar 2016

More Setbacks for Production Freeze/Cut Proponents, No Progress Expected for This Month

Analysts are beginning to regard the chaotic process as "funny."

14 Mar 2016