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Big Loss for Pacific Basin in Q2 Following "Unexpectedly Weak" Market
Jul 31, 2014 ... The dry bulk company, who also blamed the loss on a rough market for its towing business, came despite a 19 percent increase in revenues. ...
Five Banks Left in TORM Negotiations
Jul 18, 2014 ... banks' willingness to sell at a reduced price, particularly as the European Central Bank (ECB) is putting pressure on banks to increase their capital resources. "For a long time the major ...
Crude Takes a Roller Coaster Ride on Thursday
Jun 5, 2014 ... than, WTI which finished in negative territory.  The main reason for the wild swing, was the ECB announcing rate changes.  Deposits are now getting a negative rate, for the first time in ...
Rotterdam Proposing Ban on Bunker Contaminants
May 23, 2014 ... already common for blenders to avoid these, but polychlorophenols (PCPs) and monochlorophenols (MCBs) [both toxic substances] do find their way into the pool from cutter stocks," said Alex de ...
Crude Benchmarks Correct After Overreaction to EIA Report
May 8, 2014 ... Draghi made comments that policy changes would not be in store until June at the earliest and the ECB kept the benchmark interest rate at a record-low level. A stronger dollar reduces the appeal ...
"Too Much Capital" in Shipping Industry
May 5, 2014 ... than it has been, based on the experience of recent years." The European Central Bank (ECB) will take over supervision of the largest Eurozone banks, increasing their capital ...
Shell Simplifying LNG Bunker Vessel Order
Apr 22, 2014 ... reports. Shell is looking to order up to four of the vessels, three 6,500 cubic meter (cbm) ships and one 3,000 cbm unit. The changes in specifications include switching from a twin ...
South African Bunkering, Logistics Firm Restructuring
Apr 15, 2014 ... The deal is intended to align Grindrod's businesses and help them to grow. ...
2015 ECA Rules Will Raise Box Line BAFs $100 to $120 per TEU
Apr 15, 2014 ... Analysts say higher-cost fuels will force an increase in Bunker Adjustment Factor charges of 20% for ships sailing in ECAs. ...
New Bunker Vessel at Primorsk
Feb 28, 2014 ... the Primorsk Territory. According to the report, Zaliv Vostok has a pumping capacity of 1,000 cbm/h, and is fitted with a jet-type maneuvering device for docking in bad weather conditions ...