Baltic Dry Index registers record drop The Baltic Dry Index, a measure of shipping costs for commodities, had its biggest drop on record on Friday as a credit freeze weakened demand for commodities.
IEA sees global oil demand stall Rise of 0.5% seen for this yearTHE IEA significantly lowered its predictions today for global oil demand, in light of rapidly weakening economic conditions and financial turmoil
Toxic cargo to be sent to Israel THE TOXIC cargo of the sunken Philippines ro-pax Princess of the Stars will be shipped back to Israel, according to Manila's department of transport
Polish PM talks yards with Sarkozy POLISH Prime Minister Donald Tusk has conferred with French President Nicolas Sarkozy in Paris about the bankruptcy-threatened Gdynia and Szczecin shipyards
Another hijacked ship freed ANOTHER ship and its crewmen have been freed by Somali pirates in the Gulf of Aden
Piracy: a 21st Century problem With attention anxiously fixed on the ongoing global financial meltdown being played out daily on the world's bourses, the worsening piracy problem in the Gulf of Aden has struggled to gain media coverage
Hurtigruten to cut NOK 150 million The board of Hurtigruten ASA has decided to go on with its plans for cutting NOK 150 million through staff reduction and reorganization. Unless an agreement is reached with the Ministry of Communication for refund of domestic duties on fuel ...
Pirate attacks against Maersk Line vessels Container carriers have been the target of several Somali pirate attacks over the last couple of weeks. At least three container vessels have been attacked, but they have managed to ward off the pirates. The Danish Georg M'rsk and Charlotte ...
OPEC ponders cuts, crude plunges Cartel looking at supply reduction as oil prices continuing to fall amid financial worries.
California fuel scheme picks up pace Voluntary program attracts more companies, as Los Angeles MGO prices plummet.
Shipping cools earth's climate theory 'quashed' Scientists say any cooling is localised and is not enough to offset global warming.
IMO gets stuck on GHG Talks on market based instruments, an area where the bunker industry could play a role, prove challenging.
End of the line for Asian operator Speculation about the company's fate had mounted following reports of unpaid bunker bills.
Global bunker market report
IMO hears warning on cost of 0.10% sulphur ECA Ferry industry warns of line closures and 'adverse environmental impact' as European operators face extra $7 billion fuel bill.
ARA market softer but tight for prompt supply
Singapore bunker prices at eight month low Double-digit drops posted on Friday as crude hits one-year low.
Second 'mega-barge' launched in Singapore Singapore supplier currently has two of the world's biggest bunker tankers.
Bunkering operations unaffected by possible port strike Piraeus port workers may strike over Cosco Pacific lease on Friday.
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