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OPEC Deal Could Cut Glut in Half - but Critics Think It's "Unsustainable" and Will Benefit U.S.
Dec 13, 2016 ... bank argues that under this system, producers can appear to cut production while actually holding it steady by under-reporting refinery activity and tinkering with the mix of petroleum ...
DEPA and Attica to Study LNG Bunkers for Use in Attica's Fleet
Dec 9, 2016 ... of Superfast Ferries and Blue Star Ferries, to study the use of liquefied natural gas (LNG) bunkers by Attica vessels. Specifically, Depa says the two companies will conduct a joint study ...
Hamburg Süd to Be Acquired by Maersk Line
Dec 1, 2016 ... of 2017, following final agreement and regulatory approvals, says Maersk Line. As Ship & Bunker reported earlier this week, the deal is expected to fortify the Maersk Line's market ...
OPEC Cutback Deal Now Needs "Rescuing" At 11th Hour; Fear That Prices Will Plummet
Nov 30, 2016 ... as doomed to failure and indeed imploded when Saudi Arabia pulled out at the 11th hour due to Iran holding firm on its goal of regaining market share lost under economic sanctions. The situation ...
Oil in the $20s, Bunkers in the $100's Is the Price of Failure as the Countdown Begins for OPEC's Cutback Summit
Nov 28, 2016 ... – with oil plummeting to the $20s being one scenario. Such decline in price could put HFO bunkers in the low $100/mt range in the Primary ports, down from their current $288/mt, Ship & ...
OPEC Focusing Pre-Vienna Diplomacy on Iran, Russia - Which Is Holding Firm on a Production Freeze, Not Cut
Nov 28, 2016 ... Russia's unwavering stance could cause trouble at the November 30 summit. ...
Former Maersk Executive and TORM Chairman Flemming Ipsen Joins Monjasa
Nov 22, 2016 ... Europe, Monjasa announced that the company had established exclusive oil terminal operations and bunkering facilities in Portland Port, Tongue Anchorage, and set up an office in ...
Sri Lanka to Lease Port of Hambantota to Investors
Nov 18, 2016 ... from a Chinese, Arabian, and a U.S.-based company," said Wickremesinghe. In August, Ship & Bunker reported that four bids had been made to the Sri Lankan government in response to its ...
Norwegian's Bunker Expense Declines Almost 3% Year on Year for 3Q 2016
Nov 11, 2016 ... says it expects to generate "record earnings" in its full year 2016 results. As Ship & Bunker reported in September, Norwegian announced the completion of the installation of an exhaust ...
Canadian Environmental Group Pushing for Impact Study of Bunker Spill that Happened 10 Years Ago
Nov 3, 2016 ... environmental group on Canada's west coast is pushing for an environmental study on the site of a bunker spill that occurred ten years ago at Squamish Terminals in British Columbia's Howe Sound, ...
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Indian Shipping Ministry Details Alternative Fuel Bunkering Push at Ports

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Crude Futures Jump as President Trump Signals Weeks of Iran Strikes Ahead

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President Trump signalled that US military actions against Iran may continue for the next 2-3 weeks.

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