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Dry Bulk: Worst Crisis in Living Memory Continues as Baltic Dry Index Falls Further to 363

"We are now at the stage where people are struggling to remember an era when it was this difficult," says Baltic Exchange chief executive.

USCG Issues Additional LNG Bunkering Guidance After Witnessing "Release of LNG and/or Near Misses"

The U.S. Coast Guard has released further guidance on LNG bunkering operations through two separately issued field notices.

Cockett Marine Oil Strengthens Rotterdam Trading Team

"The appointment will enable the Group to increase its customer business in Europe with a special focus on North Europe," says COO Cem Saral.

Mercator Confirms Singapore Dry Bulk Exit

The company says all other operating businesses of Mercator India "are performing satisfactorily."

Arte Bunkering Adds Three Traders to Hamburg Office

Oliver Grunau, Karsten Kurth, and Christopher Seviour have all joined as Bunker Traders.

BWM Convention Still Shy of Tonnage Required to Be Brought into Force

The news has particular relevance to the currently buoyant tanker markets.

Busan Bunker Prices Jump on Tight Supply

Tight supply and strong demand caused South Korean bunker prices to spike Friday.

Baltic Dry Index Falls to Fresh Record Low of 369, Panamax Rates Fall Under $3,000

The Index has fallen 22 percent so far in 2016.

Product Tankers Continue to Benefit from "the New Oil Market"

Ardmore CEO Anthony Gurnee has reaffirmed his bullish outlook for the segment.

Rotterdam Throughput Grows by 4.9% in 2015 to Reach Record Level

Port officials attribute the "significant growth" to the increase in crude oil and oil product throughput, with containers and dry bulk both down.

Ardmore Refinances Debt to Support Continued Growth

The shipping company says it has received $364 million in total senior secured term loan commitments across two facilities.

Saudi Arabia's Oil Strategy Causing "The Worst Internal Crisis" in OPEC's History

CNN Money editor portrays the cartel as "deeply divided" and on the verge of mutiny.

Lower Bunker Prices Ahead as Brent Closes Under $29 and Analysts Warn Bottom Not Yet Reached

Analysts are bracing for further declines this week now that sanctions against Iran have been lifted.

Baltic Dry Index Ends Week with Another Record Low of 373, Cape Index Falls Under 200

The sector's key barometer has now fallen to a new record low for the past nine consecutive sessions.

Bunker Holding Dismisses Rumours Over Job Losses, Financial Problems

The rumours appeared to start in Singapore around Lunchtime, triggered by a number of job losses made at the bunker giant today.

VLCC Rates for Key Asia Route Down 44% in 2016

The key Persian Gulf to Japan route has slumped by over 44 percent.

Singapore Grants Extra 10% Port Dues Discount for Containerships

The extra 10 percent concession on port dues will be given to containerships conducting cargo works at the port with a stay of no more than five days.

Derecktor to Build Hybrid Electric Research Vessel

The U.S. shipyard says the vessel will follow the successful application of hybrid electric propulsion on a 65 ft research catamaran Spirit of the Sound.

Singapore: Chemoil Displaces BP as the Biggest Supplier in the Worlds Biggest Bunkering Port

BP has held Singapore's number one spot for the past 11 years.

Sri Lanka Seeking Strong Player to Sell Bunkers at Hambantota

"It has to be a strong player with competitive pricing," says SLPA Chairman Dhammika Ranatunga.

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