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Gibraltar Reports Increased Bunkering Activity in 2015

The Gibraltar Port Authority says the total number of ships calling at the port for bunkers and the quantity of fuel delivered both grew during 2015.

Low Gas, Crude Prices Slowing Investment in Asian LNG Bunkering: Read Smith

Lack of traffic and infrastructure are also obstacles against growth.

Baltic Dry Index Falls Every Day in First Week of 2016 to New Record Low of 429

The dry bulk sector's key benchmark has fallen every day so far in 2016, and set a fresh record low on four of the five reporting days of the year so far.

Update: Singapore Makes its First Vessel Arrest of the Year

Jascon 18 was arrested on January 7, 2016 at 9pm.

Adani Bunkering Reveals New Supply Locations as it "Plans Big" for 2016

"Adani bunkering will be soon developing bunkering facilities at Dahej, Hazira & East Coast port of India," says Adani Enterprises CEO Vinay Prakash.

Bunker Prices Have Fallen 75% Over the Last 24 Months

The average IFO380 price across Singapore, Houston, Fujairah, and Rotterdam fell from $597 pmt to $146.50 pmt in the 24 months to Jan 7, 2016.

Freight Rates Down on Falling Bunker Prices, Overcapacity: Drewry

Data from the Drewry's Benchmarking Club shows contract ocean freight rates on major East-West trade routes fell again in 2015's last quarter.

Drewry: Bunker Prices Are "Propping Up" Box Lines, Anticipates $5 billion-Plus Losses in 2016

The consultancy calls for more vessel removal and restructuring in order to bring about stability.

Port of Rotterdam Sees Dock Worker Strike Begin

Workers at the Port of Rotterdam's container terminals Thursday started a 24 hour strike at 3:15 p.m. local time.

Minerva Bunkers Launches Offshore Physical Supply Operation in West Africa

"The launch will complement the company's current trading operation across the region," says Minerva Bunkers.

Bunker Price Slide Set to Continue as Bank of America Merrill Lynch Warns Oil in the $20's Looks Increasingly Likely

Investors are protecting themselves by acquiring put options with the right to sell at $25.

Brent Falls Under $34/bbl After a Volatile Day for Crude

Bunker prices were mixed today as suppliers were trying to mark to market with respect to volatile swings in crude levels.

Dry Bulk Woes Deepen: Big Slide Sees Baltic Dry Index Fall to Yet Another New All Time Low

Of the four days that the sector's key barometer has been published in 2016, it has been at an at-the-time record low for three of those days.

Turkey's Energy Petrol Reports "Impressive" 38% Growth in Annual Bunker Sales Volume

"We sold 40,000 tonnes in December 2015, almost double of volume sold in December 2014," says head of sales Deniz Muhtaroglu.

Weekly Vessel Scrapping Report: 2016 Week 1

Weekly Vessel Scrapping Report: 2016 Week 1

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from December 24 2015 – January 6, 2016.

Recycled Bunker Company Eyes WAF Plant

"Developing a recycling plant in the region represents the best opportunity for Ecoslops to establish a strong foothold in West Africa," says CEO.

SSI: Financial Pressure to Reduce Bunker Bills "Simply Not There"

Alastair Fischbacher, CEO of SSI, says low fuel prices are preventing the shipping industry from improving their efficiency efforts.

MOL: Low Crude Prices Have Provided "Twin Benefits" of Lower Bunker Costs, Increased Tanker Demand

Despite cheap crude's positive effects, MOL 's CEO says that even the tanker market "cannot realistically expect favorable conditions will go on forever."

Decision on Bunker-Related Arrest "Radically" Altered Australian Maritime Law Enforcement

Lawyers at Clyde & Co. say that recent legal rulings has made Australia "an even more arrest and enforcement-friendly jurisdiction."

BIMCO: Shipping Should "Brace Itself" for Another Challenging Year

BIMCO says its hope for a bounce-back in 2016 is waning, and a "new normal" has arrived.

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