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Slashing Capacity the Only Way to Achieve Stability for Box, Dry Bulk Markets: Moore Stephens

Richard Grenier says the dry bulk sector will probably have to reduce the newbuilding orderbook and increase ship recycling in 2016.

A "Wave of Bankruptcies" Predicted for China's Dry Bulk Shipping Sector in 2016

The country's top lines are said to be struggling with long-term losses and liquidity problems.

Crude Futures Plunge, Brent Drops Under $35/bbl

U.S sweet crude contracts, for February delivery, cooled off by $2.00 per barrel to settle at $33.97.

Baltic Dry Index Falls to Another All Time Low

Scrapping in the sector during 2015 was also reported to be the second highest on record.

South Korea Orders Registration of All Bunker Tankers

An 18-month grace period means owners have until mid-2017 to comply.

Star Bulk Sells Four Newbuilds

The four newbuilding Capesize vessels, which are currently under construction in China, are said to have been sold at a total price of $148 million.

Mercator Exits Singapore Subsidiary: Reports

Banks are now likely to take over assets of Mercator Lines (Singapore), of which Mercator had owned about 66 percent, reports say.

Hambantota to Restart Bunkering to Assist with Debt Repayment

The debt is said to have been accrued through loans taken for the construction of the Hambantota Port, with payments due this year.

Fuel oil transport by VLCCs in Rotterdam Port Reaches Record Level in 2015

51 vessels having discharged and/or loaded fuel oil last year, more than double the 22 seen in 2014.

Focus on Bunker Suppliers, Drone Surveillance Tech Part of Denmark's 2016 Action Plan for ECA Enforcement

Strategic work must be made to further "self-regulation" of the bunker industry, says Denmark.

Judge Denies Vessel Arrest in $3.4M Bunker Dispute Stemming From Former OW Bunker Singapore Subsidiaries

ING failed to provide sufficient evidence to warrant vessel seizure, says Judge Nannette Jolivette Brown.

WTI Falls Back Under $36/bbl, Brent Back Under $37/bbl

Bunkers were mostly soft today in the primary ports.

Cockett Marine Oil Formally Establishes Liaison Office in India

"India is a very strategic location and offers tremendous opportunities for the Group," says Group CEO Karl Beeson.

Asia-Europe Freight Rates More than Double in the Final Week of 2015

Data from the Shanghai Containerized Freight Index shows that rates on Asia to Northern Europe routes jumped to $1,232 per TEU last week.

K Line: Bunker Prices Provided a Buffer from a Tough Market in 2015

In a new year address, "K" Line's CEO says he does not expect to see recovery for the container or dry bulk market in 2016.

Iran: "We Will Adjust Our Output To The Global Market's Demand"

Iran also might buy refineries in other countries to ensure oil sales.

Baltic Dry Index Starts the Year Falling to Just 2 Points Above All Time Low

The Baltic Dry Index fell to 473 on Monday, with weak demand from China largely credited for the tumble.

Iran Will "Oppose" Any Bid to Stabilize Oil Market Due to Saudi Conflict

A Persian Gulf oil insider believes negotiations under OPEC are remote.

2016's Lowest Bunker Prices Could be in Q1, Latest Thinking from BP Suggests

BP Chief executive Bob Dudley is predicting oil prices to bottom out in early 2016 Q1, and not fall under $30/bbl.

Canada Delays Implementation of ECA NOx Requirement Until 2017

The announcement is said to affect all ships, installing a small marine diesel engine with a power rating between 130 kilowatts and 750 kilowatts.

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