All News

Kirby Purchases Tanker Barge Fleet from Seacor for $88 Million

The purchase includes 27 inland 30,000 barrel tank barges, 13 inland towboats, one 30,000 barrel tank barge, and one newbuild towboat.

10 Mar 2016

Minimal Impact on Japan Bunker Market from Refinery Shutdown

Work on the Cosmo Sakaide Oil Terminal will not have a significant impact on Japanese Fuel Oil prices: Report.

10 Mar 2016

New Physical Supply Operation for Chemoil in Australia

Supplier's bunkering operations to commence next month in Port Kembla, and "subject to final approvals,"Newcastle and Eden.

10 Mar 2016

Daiichi Chuo Announces Financial Support for Reorganisation Efforts

The Japan-based dry bulk carrier says it has as entered into investment agreements with its main creditors, including 14 vessel owners and shipyards.

10 Mar 2016

Nigeria Will "Make the Necessary Sacrifices" to Remain Part of OPEC

Nigeria's President, Muhammadu Buhari, says it has "no intention" of leaving OPEC.

10 Mar 2016

"Inflexible" Iran Will Not Be Flooding the Market With Cheap Oil

The anticipated post-sanctions flood of cheap Iranian oil was threatening to sink already low bunker prices at some primary ports into double-digit territory.

10 Mar 2016

Bunker Dispute Behind Singapore Vessel Arrest, 2nd Vessel Also Arrested

The vessels were arrested on Tuesday and Wednesday.

10 Mar 2016

WTI and Brent Crude Futures Firm

Bunker buyers expect of a lot of volatility in both directions, near term.

9 Mar 2016

UK-Based Broker Expands into the Americas

The new operation, Lindsay Blee Americas (LBA), will be based in Florida.

9 Mar 2016

HMM Merger with Hanjin Would Boost Chances of Survival: Drewry

Drewry paper suggests a merger between South Korean carrier Hanjin Shipping and HMM a distinct possibility.

9 Mar 2016

Belgium Ratifies Ballast Water Management Convention

Belgium's ratification was followed by Fiji's accession of the BWM Convention Tuesday, bringing the total number of states party to the agreement to 49.

9 Mar 2016

Port of Rotterdam Hails Cleanest Sea-Going Vessel Ever to Call at the Port

The "soundless" call was made last summer.

9 Mar 2016

Rolls-Royce Signs $6.5m LNG Propulsion System Deal

Engine maker contracted to provide LNG propulsion package for fish food carrier.

9 Mar 2016

ECA Operator Aims to Reduce Bunker Consumption to All-Time Low

The Danish ferry and transportation firm says it is aiming to reduce its bunker consumption 5 percent by the year 2017.

9 Mar 2016

Traders Enter Into Bunker Barter Deals With Iran

Media reports traders are swapping high-quality bunker fuel for gasoline.

9 Mar 2016

DFDS: Scrubbers Pay off for ECA Compliance, but LNG Bunkers More Efficient Solution for Newbuilds

DFDS had installed scrubbers on 17 of its vessels by the end of 2015, but says that LNG is the most efficient ECA compliance solution for newbuilds.

9 Mar 2016

SK Shipping Under Investigation as Rumours of Alleged Tax Evasion Swirl

SK Shipping has confirmed that an investigation is underway, but notes that it is a regular tax audit with which the company is cooperating fully.

9 Mar 2016

Brent Falls Back Under $40 as Kuwait Cools on Production Freeze, Goldman Adds to Price Warnings

Goldman Sachs says rising prices "simply are not sustainable in the current environment."

9 Mar 2016

Bunker Barge Catches Fire Off China's Dalian Anchorage

The vessel is said to have been loaded with 600 tonnes of diesel and 40 tonnes of fuel oil at the time the fire started.

9 Mar 2016

Crude Trades in the Red

Keep an eye on tomorrow's EIA report for market direction.

8 Mar 2016