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Market Reacts Favourably to Saudi Crude Cuts, But Record Shipments Elsewhere Herald Bearish Sentiment

More bad news comes with a rise is U.S. crude inventories.

MPA Grants MFM Approval to Another Bunker Vessel

Hong Lam Marine's 2,673 GT tanker Sea Swift received MPA's MFM approval for bunkering on January 3, 2017.

Verifavia and INSB Partner on MRV Services

INSB will leverage Verifavia Shipping's experience to provide MRV services to its customers.

OOCL May Become the Latest Box Carrier to Be Swallowed by Consolidation Wave

Alphaliner notes OOIL has seen its share price grow by 20 percent since January 1, 2017, spurring on speculation that OOCL is an acquisition target.

NGO Group Says IMO Secretary-General Aligned with Shipping's "Climate Laggards" for Stance on Regional Shipping Regs

The comments come after Kitack Lim, IMO Secretary-General, urged EU officials on Monday to resist regional action on shipping emissions.

Wood Mackenzie Sees $85 Crude in 2020, Oil and Gas Projects Doubling in 2017

However, the consultancy thinks it won't be enough to ward off an impending supply/demand gap.

Trump Comments Help Crude Prices to Near 3% Increase

Bunker prices were firming in the primary ports.

Physical Suppliers Need to Stay Away from Major Bunkering Ports: Tolson

"Physical suppliers should leave the major ports for the refiners, cargo traders and those who have an obvious competitive advantage," says Tolson.

Turkey Alters Regs for Distribution and Bunker Delivery License Holders

Effective 2018, the country has changed the way in which license holders must demonstrate that they meet minimum asset thresholds.

Singapore Smashes Annual Bunker Sales Record with 48.6 Million MT Sold in 2016

The total for 2016 marks a near tripling of volumes over the last 20 years for the world's biggest bunkering port.

Newest Jetty at Zeebrugge to Support Growth of LNG as Marine Fuel, Suggests Fluxys

Fluxys notes that about half of the 40 ships being built for use in the English Channel, the North Sea, or the Baltic Sea are set to run on LNG.

Cargo Vessel Linked to Bunker Spill at Vladivostok

A Kiribati-flagged cargo ship, the Rich Mighty, has spilled approximately 60 litres of bunkers from its deck at the Russian port.

Initial Effort to Refloat Grounded Bunker Tanker on Canadian East Coast Unsuccessful

The ship is understood to have 15 tonnes of bunkers onboard.

U.S. EPA Issues New Guidance Document for ECA Compliance

The bulletin answers frequently asked questions related to Annex VI compliance issues for a range of circumstances.

Record High February Exports From Iraq Cause Further Market Downturns

Iraq's output adds fuel to the argument that OPEC's cutback agreement is coming apart at the seams.

2017 Could Position Dry Bulk Market for Significant Gains in 2018, Say Industry Experts

The Baltic Dry Index, reversing gains made last week, shed 23 points Tuesday, falling to 926.

Global Piracy Falls to Lowest Level Since 1998: IMB

Overall in 2016, 150 vessels were boarded, 12 vessels were fired upon, seven were hijacked, and 22 attacks were thwarted, says IMB.

Potential Economic Impacts on Singapore from Malacca Port Expansion Still Unknown, Says Minister

Josephine Teo, Singapore's Senior Minister of State for Transport, says the KLIP expansion is a "timely reminder" to ensure Singapore's competitiveness.

New Denmark-Based Bunker Company NORbunker A/S Starts Operations

"The markets are tough for many right now but I think there will always be a place for the smaller traders," founder Jesper Riis Christiansen tells Ship & Bunker.

Vard Set to Build Two LNG-Fuelled Ferries for Torghatten Nord

Both vessels will also feature hybrid gas-electric propulsion with battery systems in order to reduce bunker consumption and associated emissions.

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