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Crude Futures Rise

Oil prices caught support from a firm equities market.

Djibouti Player Reports Growing Bunker Volumes

"Djibouti is now established as a very efficient and safe bunkering hub for Red Sea Channel," says the bunker player.

Monjasa Appoints New COO

Monjasa Appoints New COO

Group consolidation is said to be "top of agenda."

Golden Ocean Finalises $200 Million Share Issue

Golden Ocean Friday announced that it has successfully completed private placement of new shares at NOK 5.00 per new share.

Star Bulk Joins Capesize Vessel Pool

Star Bulk says it has entered into a 65 vessel Capesize pooling agreement with CTM, Golden Ocean, and Bocimar International.

Singapore-Flagged Bulk Carrier Responsible for U.S. Bunker Spill

The U.S. Coast Guard said clean up operations were underway for an oil spill reported around a bulk carrier anchored near Kalama, Washington.

China COSCO Shipping Aiming for 2 Million TEU Capacity by 2018

2 Million TEU would make the new entity resulting from the merger of China Cosco Group and China Shipping Group the third largest carrier in the world.

Oil Output Freeze a "Victory" for Venezuela But Won't Help an Economy on the "Brink of Collapse"

Analysts say Venezuela could need oil as high as $200 barrel oil to balance its budget.

Recycled Bunker Company Completes €5.5 Million Bond Financing

French recycler Ecoslop raises $6.12 million through convertible bond issue.

Cosco Declared the Preferred Buyer for Port of Piraeus

Greek government declares Chinese state-owned firm preferred buyer for 67% stake in port.

WSS Warns On Wax Build Up When Using Low Sulfur Fuels

"Prevention of this waxy sludge is much easier than finding a cure," Sachin Gupta of WSS warns for use of low sulfur distillate fuels in cold temperatures.

Texas Congressman Says US Will Boost Shale Oil Production if OPEC, Other Nations Cut Theirs

Joe Barton, Republican congressman for Texas, says the US has killed OPEC and that the cartel, along with Russia, "literally don't know what to do."

Bunkers Stolen from Vessel at Anchor off Chinese Coast

About 39 mt of low sulfur MGO is reported to have been stolen from the 176,346 DWT Nord Power while it was in the Tianjin outer anchorage.

BDI Continues Upward as Higher Bunker Prices Spark Hopes of Support for Capesize Segment

The Baltic Dry Index gained 2 points on Friday to reach 315, marking one straight week of positive movement.

One Third of Oil Companies at Risk of Bankruptcy This Year: Deloitte

Low commodity prices are blamed for an inability to generate cash and pay off debts.

Lukoil-Bunker Reports Record Bunker Volumes Delivered at Kaliningrad

The stems were said to be up to 6,000 tonnes each.

Golden Ocean CEO: Company is in a "Very Serious Situation"

However, despite posting a net loss of $69.3 million for Q4, Billung says the dry bulk market "will repair faster than any analysts expects."

Baltic Dry Index Continues to Rise, Hits 313, as Idling of 3yr Old Vessels is Now Being "Seriously Considered"

The BDI gained another 6 points Thursday, while Golden Ocean's CEO says he is confident there will be "massive scrapping" of older vessels.

New Tax Breaks on Bunker Deliveries at Three Romanian Ports

The ports of Constanta, Midia, and Mangalia are said to have reduced the tax rate on bunker deliveries for shipowners that engage shipping agents.

Saudi "Not Prepared" to Cut Oil Output

But foreign minister Adel Al Jubeir's comments do little to hurt a three-day price rally.

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