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Attacks Against Fuel Tankers in SE Asia Dropped in 2015, Says IMB

Fewer attacks against small fuel tankers around SE Asian coasts is said to be a "key factor" in a recent overall global reduction in piracy and armed robbery.

Update: Chevron Confirms Bunker Spill During Loading at Philippine Oil Depot

Amid clean up efforts, the Philippine Coast Guard said it was determining the fines that Chevron will face for the oil spill at its San Pascual oil depot.

Japanese Dry bulk Giant Misses Rehabilitation Deadline

Daiichi Chuo Kisen Kaisha is now scrambling to raise funds from shipowners and other creditors.

"Plenty of Signs" OPEC's High Output Strategy is Working

The indications include declining US shale output and a crumbling Russian economy.

Bunkering Set to be Affected as Greek Port Workers Launch Third Set of 48 Hour Strike Action

Coming alongside a 24 hour nation-wide general strike, five ports including Piraeus, are set to continue strike action for an additional 24 hours.

Malaysia's Largest Drybulk Owner Issues Profit Warning

The dry bulk carrier says it expected to record "a substantial loss" for the fourth quarter, and 2015 as a whole.

Plans to Sell off Stakes in Affiliates Buoys Hyundai Merchant Stocks

The shipping line saw its stock prices rise to three week highs on news of its plans to sell its stakes in affiliate companies.

Western Bulk ASA to sell Western Bulk Chartering AS

Board of directors reacts to "increasingly challenging market" with rapid sale of bulk chartering business.

Gulf Petrochem Dismisses Bunker Market Exit Rumours

"Quite the opposite, in fact," Lamerton tells Ship & Bunker.

Crude Futures Soar

ICE contracts for April delivery settled firm, well above 8% since yesterdays close while WTI March contracts firmed over 7%.

Dry Bulk Players Face Reality of Mass Scrapping, Lay-Ups as Baltic Dry Index Sinks to New Record Low of 303

The reality appears to be that there simply is not going to be enough demand to support the current dry bulk fleet at any meaningful point in the future.

Port of Los Angeles Failing to Enforce Shore Power Rules

A recent audit has found that the TraPac terminal at the Port of Los Angeles has failed to meet a number of the city's air quality improvement measures.

Venezuela Gets Luke Warm Response on Continued Calls for Crude Output Cuts

Venezuela's Oil Minister is said to have gained only promises of further discussions from a meeting with Russian Energy Minister Alexander Novak.

First Suezmax Tanker to Load Iranian Crude Oil in Post Sanctions Era

Russian oil trader Litasco said to be ready to load the Distya Akula with 130,000 mt of Iranian crude.

Chinese Firm Pulls Out of $680 Million Fuel Oil Deal with Rosneft

The privately owned Chinese company is said to have made the decision following a fall in crude prices.

Star Bulk Sells Another Capesize Carrier for $23.3 million

Star Bulk says it will use the proceeds from the sale to pay down debt related to the vessel and for general corporate purposes.

Oil Prices Will Double Within a Year Even Without Production Cuts, Predicts Analyst

$60 crude would likely see IFO380 bunkers rise to be around $250 to $300 pmt.

Gazprom Denies Rumours of Output Reduction Discussions, Says There's No Need for Production Cuts

"At the moment, we see that for us, a cut in production is not economically justified," says Gazprom Neft's Alexei Yankevich.

Bahrain and Saudi Arabia Ports Ban Iranian Flagged Vessels

Bahrain is also said to have placed a ban on any vessel, regardless of flag, that has called an Iranian port within its last three port calls.

China's Yangtze River Delta ECA to Cut SOx by 18%, Fine Particulate Emissions by 10%

Shanghai's transport commission says that shipping emissions can be credited for 8 to 10 percent of the area's current PM2.5 pollutants.

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