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Oil Pollution Spotted After Tanker Runs Aground off Japan

Salvage operations are reported to have been hampered by rough weather.

Box Ship Sustains Hull Gash Near Bunker Tank During Grounding

Victoria, a Peter Döhle container ship, sustained the 50 metre long gash during a grounding incident off Demark.

Oil Benchmarks Edge Up

Bunker prices were firmer in the primary ports.

World Fuel Services Posts Full Year 2016 Bunker Volumes of 31.4 Million MT

CFO Ira M. Birns says restructuring efforts within its marine segment are now "95 percent complete."

Container Feeder Ship to Receive Conversion for LNG-Propulsion

Wessels Reederei's MV Wes Amelie is set to be converted to dual fuel propulsion in May.

K Line CO2 Reduction Targets Certified as "Scientifically Consistent" with Paris Agreement

K Line has obtained certification from SBTi, and has set its interim target to reduce CO2 emissions by 10 percent for 2019.

Updated: HMM Expected to Receive $633 Million in State-Backed Financing

Moody's has also upgraded HMM's credit rating from D to BB, moving the company from a "default" rating to "stable."

PDZ Declares "Strong Arguable Case" After Vessel Arrested on Bunker Claim

Dan-Bunkering served a warrant of arrest on PDZ Holdings' vessel PDZ Mewah last month.

Turkey Mandates Refineries and Oil Terminals to Use Mass Flow Meters

The industry has had three years to prepare for the change, which now takes effect from February 15, 2017.

MAIB: Bunker Saving Vessel Design Led to Ship Collision

A UK Government report has found that one of the vessels' hull shapes, designed to reduce wind resistance, caused "relative motion illusion."

Fear of Drastic Market Downturn Resurfaces in Wake of OPEC Non-Member Cutback Compliance Said to Be Only 48 Percent

Meanwhile, U.S. shale builds contribute to speculators cutting net long positions on Brent.

OPEC Raises 2017 Oil Demand Growth Forecast as U.S. Shale Production Expected to Jump Again in March

But OPEC's forecast is still less than its numbers for 2016.

2016 Marks New High for Vessel Traffic in Malacca and Singapore Straits

Traffic reached an all time high of 83,740 transits, marking a 3.4 percent increase.

Baltic Dry Index Falls Below 700 Mark as Index Cool Down Continues

The Baltic Dry Index lost 14 points to land at 688 on Monday.

"Exciting Times" Ahead for OceanConnect Marine in 2017: Rose

"We can look forward to bringing in some key commercial people over the next 12 months," Chief Commercial Officer Daniel Rose tells Ship & Bunker.

Launch of Zero Emissions Ferry Marred by Suspected Sabotage

It is reported that during travel, one of the two rudder plates has fallen off of the recently launched solar powered ferry.

Oil Prices Start the Week Soft

Some critics are now skeptical that production cuts will deliver higher oil prices.

Shipowners Say New Zealand Carbon Tax Puts Local Shippers at Disadvantage

The New Zealand Shipping Federation suggests that carbon charges to local shipping companies can be as much as $250,000 per ship each year.

No Drop in Singapore Bunker Volumes from Mandatory MFMs as MPA Reports Record Sales

Some had speculated mandatory MFMs would cause bunker prices in the port to rise, driving volumes elsewhere.

EQUATE and Maersk Line Pen Agreement to Slash Shipping Emissions

The agreement will support the goal of reducing EQUATE's CO2 emissions per container transported with Maersk Line by 15 percent from 2017 to 2020.

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