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Saudi/Russia Push for Extension Triggers Market Surge - and Skepticism Among Analysts
Saudi/Russia Push for Extension Triggers Market Surge - and Skepticism Among Analysts
The worry is that more of the same from OPEC still won't result in a market rebalance.
16 May 2017
ICS Calls on IMO to Make "Dramatic" CO2 Reduction Objectives
ICS Calls on IMO to Make "Dramatic" CO2 Reduction Objectives
"It is very important that IMO sends a clear and unambiguous signal to the global community," says ICS Chairman Esben Poulsson.
16 May 2017
Singapore Monthly Bunker Sales Up 3.5% Y-o-Y
Singapore Monthly Bunker Sales Up 3.5% Y-o-Y
The world's biggest bunkering port by volume has seen sales in excess of 4 million mt in 12 of the last 14 months.
16 May 2017
Gazpromneft-Lubricants Set to Triple Lube Supply to Rosmorport with New Agreement
Gazpromneft-Lubricants Set to Triple Lube Supply to Rosmorport with New Agreement
Gazpromneft-Lubricants says it expects to supply more than 1,500 tonnes of marine lubricants by the end of 2019.
15 May 2017
Preliminary Data Suggests 10% YoY Container Traffic Growth in 2017's Q1: Drewry
Preliminary Data Suggests 10% YoY Container Traffic Growth in 2017's Q1: Drewry
The increase is said to come largely on the back of unexpectedly strong demand growth, particularly in the Greater China region.
15 May 2017
IMO Regs to Drive Future Ship Efficiency Gains, Says IMO Marine Environment Director
IMO Regs to Drive Future Ship Efficiency Gains, Says IMO Marine Environment Director
The comments by Stefan Micallef, Director of IMO's Marine Environment Division, came last week at the 2017 Propulsion and Emissions conference.
15 May 2017
Push for Bunkering Development Continues at Port of Kochi
Push for Bunkering Development Continues at Port of Kochi
The news came as part of the fourth International Bunkering Conference held in the port city on Friday - attended by about 140 bunkering industry delegates.
15 May 2017
Saudi Arabia Becomes Latest State to Ratify BWM Treaty
Saudi Arabia Becomes Latest State to Ratify BWM Treaty
The number of contracting parties to the BWM Convention currently sits at 55, accounting for 53.67 percent of the world merchant shipping tonnage.
15 May 2017
IMO Launches Website for Global Maritime Technology Cooperation Centre Network
IMO Launches Website for Global Maritime Technology Cooperation Centre Network
The website is intended to provide news and information about a major project to support low-carbon shipping.
15 May 2017
Monjasa Adds Bunkering Tonnage and Flexibility in North West Europe
Monjasa Adds Bunkering Tonnage and Flexibility in North West Europe
The 2,400 DWT M/T Antares is joining Monjasa's North West Europe strait offering, stretching from the English Channel to the Baltic Sea.
15 May 2017
Trudeau Tanker Ban Targets Bunker Shipments on Pacific Coast
Trudeau Tanker Ban Targets Bunker Shipments on Pacific Coast
The proposed ban would relate to oil tankers carrying more than 12,500 metric tonnes of crude or persistent oils.
15 May 2017
ClassNK Adds New Bunker Fuel Oil Analysis Service
ClassNK Adds New Bunker Fuel Oil Analysis Service
The service has been officially launched by ClassNK's subsidiary, ClassNK Consulting Service.
15 May 2017
Growth Is on the Agenda, Says UK-Based Supplier
Growth Is on the Agenda, Says UK-Based Supplier
Recent restructuring efforts by some players has meant increased competition in some markets and a reduction in service in others, MD Owen Webber tells Ship & Bunker.
15 May 2017
Commerzbank: Ineffective Oil Cutback Deal Shows OPEC Has Lost its "Pricing Power"
Commerzbank: Ineffective Oil Cutback Deal Shows OPEC Has Lost its "Pricing Power"
Yet again, experts point to dismal fundamentals as proof the market still faces volatility.
15 May 2017
Flat Prices for the Near Term, Outright Bedlam in 2018: Analysts
Flat Prices for the Near Term, Outright Bedlam in 2018: Analysts
The OPEC extension coupled with U.S. shale will turn the 2018 market into a battleground, they say.
15 May 2017
Claims Continue to Roll In Against Bulker Arrested Over Unpaid OW Bunker Bill
Claims Continue to Roll In Against Bulker Arrested Over Unpaid OW Bunker Bill
Claims against the Infinity have now reached more than $5 million - far exceeding the estimated value of the ship itself.
12 May 2017
JMU and Aluship to Partner on LNG Fuel Tank Production and Sales in Europe
JMU and Aluship to Partner on LNG Fuel Tank Production and Sales in Europe
JMU says the new agreement will better enable it to expand such production and sales beyond of Europe in the future.
12 May 2017
Norwegian Cruise Line Sees 3.4% Bunker Price Increase in 2017's Q1
Norwegian Cruise Line Sees 3.4% Bunker Price Increase in 2017's Q1
NCLH reports a fuel expense of $88.9 million for Q1, and expects fuel consumption to reach 185,000 mt in Q2.
12 May 2017
Hapag-Lloyd Reports Positive Q1 Operating Result Despite "Sharp Increase" in Bunker Prices
Hapag-Lloyd Reports Positive Q1 Operating Result Despite "Sharp Increase" in Bunker Prices
Hapag-Lloyd says 2017's Q1 "was noticeably affected by ongoing bunker price increases."
12 May 2017
Petrotrin Undertakes Infrastructure Upgrades Following Point-a-Pierre Bunker Spill
Petrotrin Undertakes Infrastructure Upgrades Following Point-a-Pierre Bunker Spill
Fitzroy Harewood, President of Petrotrin, says total costs related to the recent bunker spill clean up are still unknown.
12 May 2017
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