All News

Singapore Records Another Massive Month of Bunker Sales

June's total for all products was just over 4 million mt for all products.

14 Jul 2016

OPEC Predicts Tighter 2017 Market; Saudi Arabia Said to Be Attempting to Prop It Up

Meanwhile, a supply deficit could occur unless the cartel raises production further.

14 Jul 2016

Middle East-Dominated OPEC is Winning the Market Share War: IEA

The Middle East's market share is the highest its been since the late 1970s.

14 Jul 2016

Russian Fuel Oil Production Continues Its Decline

Russian fuel oil production fell from 6.1 million tonnes in January to 4.29 million tonnes during the month of May.

14 Jul 2016

Reports of 5,000 Tonne Bunker Spill "Not Correct" Says MV Benita Salvage Team

Five Oceans Salvage says that 145 mt of fuel were on board the vessel at the time of the incident, most of which has now been recovered.

14 Jul 2016

End of "Legacy" Yahoo Messenger: Thomson Reuters and CME Group Announce Integration of Instant Messaging Networks

The companies will provide a combined service to over 300,000 financial and commodity market participants.

14 Jul 2016

Aegean to Open Representative Office in Seoul, South Korea

The move "represents the next step in developing the group's presence in the Asian shipping and bunkering markets," the global player tells Ship & Bunker.

14 Jul 2016

US Crude Down, Stockpile Draw Has Little Impact

Bunker prices were softening in the primary ports.

13 Jul 2016

New Coalition Aims to Support Adoption of LNG Bunkers

The cross-industry coalition is known as SEA\LNG, and currently includes the participation of 14 major industry players.

13 Jul 2016

OW Bunker's Bankruptcy: Will You Have to Pay Your Bunker Debts Twice?

Following OW's bankruptcy, shipowners have faced claims for payment directly from physical suppliers that have not been paid by OW.

13 Jul 2016

Khalid al-Falih: Oil Inventory Overhang "Will Take a Long Time" to Vanish

Saudi Arabia is concerned about the sluggish economy's impact on demand, Aramco Sale.

13 Jul 2016

Venezuela's 13-Year Low Output The Notable Exception in OPEC's Highest Output Levels Since August 2008

The cumulative rise causes some analysts to think the case for a return of a production cap may gain traction.

13 Jul 2016

China Announces Seven Terminals to Trial Shore Power

China's Ministry of Transport has also requested the applicable authorities make necessary preparations to implement the trials.

13 Jul 2016

Abu Dhabi Shipping Companies Aim for 27% Bunker Savings with Ship Efficiency Project

ADNATCO and NGSCO have launched a five-year ship efficiency programme, known as Al Daffah.

13 Jul 2016

Indonesia's Pertamina Aiming for 5-10% of Malacca Strait Bunker Market with New Venture

Dwi Soetjipto, Pertamina's president director, says it will establish a bunkering subsidiary by September.

13 Jul 2016

Aegean Ends Bunkering From Algeciras

Although the company has noted that it is still active in the market, operating out of Gibraltar and Tangier Med.

13 Jul 2016

EC Approves €15 million in New Support for LNG Bunkering Efforts

The support is for the joint Blue Baltics project, intended to expand LNG bunkering network across the Baltic Sea.

13 Jul 2016

Crude Rallies 4% on "Technical Correction"

Bunker prices were naturally firmer in the primary ports.

12 Jul 2016

Barclays Calls Supply - Demand Disconnect Staggering as Bears Predict a Return to Oil in the $30's

John Kilduff, partner of Again Capital, says there has been "a rush to judgment" with regard to the rebalancing of the market.

12 Jul 2016

Iran Claims 80% of Pre Sanction Market Share and Wants to Double Exports

NIOC official believes the global market can absorb the extra output.

12 Jul 2016