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Singapore Bunker Player Looking to Load 120,000 Tonnes of Iranian Fuel Oil

Despite sanctions being lifted, insurance is still a final problematic hurdle, one local player warns.

Scorpio Bulkers: We Will Go Under if This Market Persists

But the upside "could be very high" once the dry bulk recovery eventually kicks in.

BIMCO: Dry Bulk Scrapping to Hit Record 40m DWT in 2016

BIMCO also says record 2016 shipbreaking volumes could limit fleet growth to 10 million DWT.

GoodFuels Marine Receives RSB Certification for Its Sustainable Marine Biofuels

The certification is said to assess the sustainable viability of the biomaterials used by GoodFuels to generate marine bunkers.

Rotterdam Low Sulfur Bunker Sales "Almost Tripled" in 2015

The increase in the sales of gas oil and diesel is said to have come at the expense of the sales of fuel oil, which fell by 1.1 million m3.

OW Bunker Collapse: Tankoil, Petrotec CEO Dennis Tan Implicated in Separate Alleged Singapore Bunker Scam

In court documents seen by Ship & Bunker, a former bunker supplier alleges Tan's company fraudulently build up a debt of over $13 million.

IBIA Appoints Simon Neo as Asia Regional Manager

Neo, already former IBIA Chairman, is a well known and respected industry figure who has more than 30 years of oil and shipping industry experience.

Further Gains for Capesize Rates, But Baltic Dry Index Still Ends Week With Another Historic Low of 354

"It's a bloodbath, which calls into question the survival of many dry-bulk shipping companies," says maritime adviser Basil Karatzas.

Bunker Prices, Crude Set to Remain Under Pressure as Gulf Producers Say "No Change" to High-Output Market Share Strategy

OPEC members say no cooperation from non-member producers means their strategy won't change.

Russia May Undertake Run Cuts on Falling Fuel Oil Prices: Reports

But a Russian trader argues that this solution is not easy to enact.

"Vastly Improved" Specifications Reported for Lithium Ion Battery Systems Used for Marine Propulsion

Corvus says the system has "double the RMS power capability and substantially more energy capacity than previously reported."

Borouge And Maersk Line Agree to 15% CO2 Emissions Reduction

Petrochemical company Borouge, is said to have signed the Carbon Pact with Maersk Line as part of the Abu Dhabi Sustainability Week.

Essar Shipping Capesize Arrested in Singapore

The arrest was made on Monday January 18, 2016 at 7:45 pm local time following action by Asialegal LLC.

MOL Takes Delivery of Newbuild Eco Vessel

The newbuild woodchip carrier, named C.S. Bright, is said to have a cargo hold capacity of about 4.3 million cubic feet.

Crude Rebounds from Yesterday's Plunge

Bunker prices are firming in the primary ports, for now.

Dry Bulk Index Falls to Another Historic Low of 355, But Demand is Not The Problem, Say Analysts

"If you've got more ships than there are cargos, then freight rates are going to be weak – it's that simple." says Braemar Shipping's James Kidwell.

Weekly Vessel Scrapping Report: 2016 Week 3

Weekly Vessel Scrapping Report: 2016 Week 3

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from January 14 – January 20, 2016.

IBIA Elections Underway

There are currently 3 vacancies for the term of office starting April 1, 2016.

Bigger LNG-Powered Box Ships "Only a Matter of Time" Says ABS

Patrick Janssens of ABS says low bunker prices are one thing currently slowing adoption.

Panama Plans Accession to BWM and Hong Kong Conventions

It is reported that the process is expected to take two to three months before the law is enacted in Panama.

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