|SEPTEMBER 20, 2011|
- Asia-EU peak season rates 'capped by glut'
AP Moeller-Maersk, the No 1 container line, said it's struggling to raise peak season rates on the Asia-Europe shipping route, the world's second-busiest, as an influx of new vessels leads to a glut in capacity.
- Tanker demand growth drops to zero: Platou
Growth in demand for supertankers that deliver about a fifth of the world's oil dropped to zero as slowing economies in Europe and the US curbed shipments, according to Peter Anker, chief executive officer of RS Platou ASA, Norway's biggest shipbroker.
- Viet firm expects cargo rates to rise from mid-2012
Gemadept Corp, Vietnam's biggest listed freight company, expects local cargo rates to rise from mid-2012 as the failure of smaller rivals eases competition.
- Syria's port traffic hurt by unrest
|SEPTEMBER 20, 2011|
- AADA hikes China to Australia rate by US$250/TEU, $500/FEU
- Moody's downgrades MOL and NYK outlook because of sector's weakness
- 'Daily Maersk' proclaimed as next major advance in container shipping
- ICTSI fails to buy Singapore's Portek, now after Piraeus and Thessaloniki
- Guangzhou volume up 16pc to 7.3 million TEU in first seven months of 2011
- China-Kazakhstan Horgas International border free trade zone to open
- Nordana restores Libyan ro/ro service, first ship leaves Houston this week
- International Chamber of Shipping: Governments do little to stop piracy
- US congressional committee approves training armed crews to fight pirates
- IMO approves armed guards on cargo ships if authorised by flag states
- Royal Malaysian Navy drives off pirates with warning shots off Yemen
- West African pirates seize tanker, insurers rate area as risky as Somalia
- OOCL renews intermodal contract with Britain's Freightliner for 10 years
- Pacific Direct Line initiates dedicated New Zealand-Tahiti feeder service
- UPS sees best holiday package delivery season ahead, credits web sales
- Global forwarders exploit China's new roads to meet rising consumer demand
- Asia Airfreight Terminal August volume off 8pc, but imports up 6pc in 2011
- MASkargo takes delivery of first of four mid-sized A330-200 Freighters
- BAX Global shuts Toledo operation, but DHL retains its old Ohio air cargo base
- SDV Tianjin completes logistics for the inaugural China Helicopter Exposition
|SEPTEMBER 20, 2011|
- ANZDA peak season surcharges from October 15
- Asia-Europe rates below $800/TEU as all major trade rates plummet
- Baltic index falls first time in a week
- Cinsnets container safety database goes live
- Evergreen's CES to call at Piraeus instead of Taranto
- H K Logistics enhances presence in Gujarat by opening Vadodara office
- Hanjin Shipping strikes multi-million dollar deal with Kospo
- Logistic Integrators creates history by transporting temperature-sensitive cargo in RKN Opticooler
- MCC Transport to deploy 5,527-TEU feeder on Tanjung Pelepas-Thailand run
- Practical advice on how to deal with stowaways
- India for expediting services pact with Asean
- India sanctions loan for Bangladesh
- India-Israel FTA to boost trade volumes
- Tea output up 8 pc, exports slip 8 pc in July
- Cabotage law should be amended, says Kerala CM
- Business houses may get to borrow more funds from abroad
- Govt may lift ban on onion exports today
- We need a new rule book
|SEPTEMBER 19, 2011|
- Cargolux rejects delivery of first two new B747-8Fs
Unspecified "unresolved contractual issues between Boeing and Cargolux" have prompted launch customer Cargolux to reject at short notice the delivery of the first two (of...
- Schiphol partner of eFreight Online Academy
The efreight@nl project has taken a further step to promote the wider use of eFreight at Schiphol airport with the launch of the eFreight Online Academy. The efreight@nl project is...
- Swiss transport costs expected to rise in 2012
Costs in the Swiss transport sector are continuing to rise. "In addition to the strong franc, state requirements and fiscal burdens, in particular, are having a negative impac...
- VTG tests noise-reduction measures for new railcars
VTG, a Hamburg-based wagon lessor and rail logistics company, has tested new technical measures for noise reduction directly on railcars, in cooperation with industry partners. The...
- BLS Cargo improves transport performance
The private Swiss railfreight operator BLS Cargo increased its transport performance to 1,984 million net tonne kilometres in the first six months 2011 compared to the previous yea...
- MASkargo takes delivery of first A330-200F
MASkargo, the freight subsidiary of Malaysia Airlines, has become a new operator of the A330-200F, following last week's delivery of the first of four aircraft ordered by the airli...
- APL named Best Buy's top carrier
APL has again been named carrier of the year by Best Buy, a leading multi-channel global retailer and developer of technology products and services. This is the second year running...
- ACP Worldwide appoints UK and Ireland general manager
ACP Worldwide, a leading global GSSA, has appointed James Gidlow as its general manager for the UK and Ireland. Gidlow, who has dedicated his career to the airline and GSA business...
- German inland waterways post higher transport volumes
According to the Association of German Inland Waterways (BDB), the global economic upswing also arrived in inland waterway shipping in 2010. "With a rise of transport volumes ...
- Enric Ticó re-elected president of Feteia-Oltra
Enric Ticó, the long-standing president of the Spanish freight forwarding association Feteia-Oltra (Federación Española de Transitarios - Organización para la Logística y el Transp...
- Port of Antwerp to build world's largest lock
In a few weeks the ground will be broken for a unique port construction project in Antwerp - the largest lock in the world. This massive structure will be built at the head of the ...
- Deutsche Post DHL expands German parcels network
Deutsche Post DHL will invest EUR 750 million in its German parcels network over the coming years. New business models in booming e-commerce and changing consumer behaviour are nec...
- Honold Logistik adding capacity in Neu-Ulm
The German logistics company Honold Logistik, based in Neu-Ulm, is expanding. After launching the first building section of the MCC III logistics park in Neu-Ulm at the beginning o...
- Damco launches online emissions calculator
Damco, A.P. Moller-Maersk's logistics arm, now provides customers with an online carbon dioxide emissions calculator. The information is available at myDamco, the company's browser...
|SEPTEMBER 19, 2011|
- BAE San Diego Ship Repair gets $18.3 million mod to destroyer PSA contract
- Chouest AHTS time chartered to support SBX-1
- New Alaska Class Ferry could be built in state
- Navy christens first Joint High Speed Vessel
- BOEMRE holds Unannounced Spill Drill to test new subsea containment rules
- Maersk partners Rickmers in U.S-flag breakbulk and project cargo service
- Hyundai Heavy and BW Maritime sign $400 million LNG ship contract
- STX OSV nets order for three stern trawlers
|SEPTEMBER 19, 2011|
- Corps set to repair damage to Bonneville Dam fish ladders
- Crowley Maritime creating new Project Solutions group
- Astoria Coast Guard station celebrates 100 years of aviation
- Hamburg Sud christens new 7,100 teu container ship
- Maersk Line begins test of SOx scrubbing system
|SEPTEMBER 19, 2011|
- Three aframax tankers sold in demolition sector in one week
Mayon Spirit sold for $8.5m along with two other similar vessels
- Huge increase in Californian blackouts due to fuel switching
OSPR issues advice on preventing loss of power due to switch from HFO to MDO/MGO
- Emsa looks to refine efficiency rules to include shortsea shipping
Safety agency aims to draft additional measures that will make ro-ro and passenger vessels subject to EEDI
- Reducing flashpoint could aid low-sulphur fuel problem
Danes look at feasibility of reduction of flashpoint to that of road haulage levels
- Maersk and Rickmers team up in heavylift trades
Two new multipurpose ships to operate under US flag
- Cargo reservation policy revisited
Chinese ships for Chinese cargo sounds more like rhetoric of 1960s, and it didn't work then
- Who could argue with Siim Kallas?
Brussels is aiming to keep European ports competitive
- LPG carrier earnings nearing $50,000 a day on increased cargo volumes
VLGC freight rates to rise further as more product is available than ships and strong Indian demand expected in coming months
- Maersk daily service redefines transport times
SeaIntel report says other lines will follow
- IUMI reviews its structures and ways of working
More change needed if organisation is to remain relevant to its members, says chairman
- Box Club meeting marks milestone for South Korea
Hanjin and HMM chief executives welcome industry leaders to Seoul
- Sanko believed to have renegotiated resale of capesize upwards
After Imbari newbuild pulled due to low offers, vessel said to be committed at $48m
- Box Club: one constant in an ever-changing industry
The Box Club has only ever been chaired by Europeans to date
- Italian panamax deal sends 10-year-old vessel values plummeting
Rumours of ship sold for $18m, 50% down on values reported five months ago
- Pacific lines to run TSA collectively
Hanjin Shipping president Kim will not be replaced as chairman
- Feel the fear and do it anyway: now is the time for lay-ups
Carriers need to address individual capacity withdrawal despite the threat of European Union fines
- Feedership values plummet
Smallest boxships sold at auction for rock-bottom prices
- Commerzbank offers $95m for final UniCredit 8% in Deutsche Schiffsbank
Deal would give German bank still in hock to government full control of shipping lender
- IUMI chief questions insurance market reforms
Ole Wikborg tells Paris conference he is 'not convinced that regulators fully appreciate what differentiates insurance and other financial services'
- Investigators prepare to board Nordlys
Probe to determine cause of Hurtigruten ferry fire that killed two crew
- Class acts
Classification societies are branching out
- STX OSV earnings estimate cut
CIMB Research cites global crunch, but yard announces $132m in new orders
- Insurance union calls for global stand against piracy
IUMI chief admits it took time to realise flag-state consensus on armed guards may work
- Unifeeder to be Ust-Luga terminal's first box feeder operator
Fixed weekly service planned
- India's GVK buys Australian coal assets in $1.3bn deal
Hancock Prospecting has potential to produce up to 84m tonnes a year
- OECD sets out strategy for French ports to win back market share
Fresh study follows this year's port reforms
- UAE-Russia deal to expand ro-ro terminal in Ust Luga
Gulftainer and Prominvest $275m investment is of political significance
- Laskaridis sees 'many more' northern sea route passages in 2012
Greece-based reefer major hails time and environmental savings after debut transit
- NOL box data shows peak season not kicking in
Pattern of rising volume but falling freight rates reaches an extreme
- Asian shipowners demand UN anti-piracy action
Owners condemn the 'lack of urgency and political will' to solve the piracy problem
|SEPTEMBER 19, 2011|
- MSC mega-box ship runs aground
MEDITERRANEAN Shipping Company has once again found itself in the unwelcome glare of publicity after another of its deepsea containerships went aground in Northern Europe
- Ust Luga wins Unifeeder service
EUROPE'S largest feeder operator Unifeeder has become the first container shipping line to sign up to Russia's newest container terminal at Ust Luga
- Chevron signs Wheatstone LNG deal
CHEVRON has signed a sales and purchase agreement with Japan's Kyushu Electric Power for LNG from the Australian offshore Wheatstone LNG project, pushing the project further towards final investment decision, IHS Energy Markets Global reported today
- Analysts sceptical of GVK's Hancock buy
INDIAN infrastructure developer GVK may have bitten off more than it can chew with its $1.3Bn acquisition of Australia's Hancock Prospecting, according to some analysts
- Greek-flagged fleet drops 3.7%
THE SIZE of the Greek-flagged fleet dropped by 3.7% between July 2010 and July this year, but grew 0.4% in terms of tonnage, the Greek statistical authority ELSTAT revealed today
- Eitzen bondholders propose a bid
HOLDERS of two bonds totaling NK446M ($84M) issued by Eitzen Maritime Services (EMS) have offered to bid for the company through a debt to equity conversion, the company said in a statement today
- Capesize orderbook ratio falls
THE Capesize orderbook-to-fleet ratio has dropped to little more than 34%, according to IHS Fairplay's latest Sea-Web data
- Scrap prices to fall, says GMS
RECYCLED ships buyer Global Marketing Systems (GMS) expects scrap prices to come under pressure due to rising oil prices and prolonged inactivity in the Bangladeshi market
- Greece has 'transshipment potential'
GREECE has the potential to become a major transshipment hub in the Eastern Mediterranean by 2020, but must tackle labour unrest and insufficient hinterland infrastructure, a report has said
- Gulftainer signs Ust Luga deal
MIDDLE Eastern container terminal operator and logistics provider Gulftainer is to make its entrance on the Baltic Sea after dramatically signing a deal to help develop Ust Luga
- Equatorial to appeal bunker ruling
SINGAPORE-based bunker supplier, Equatorial Marine Fuel Management Services, is to appeal a Singapore High Court ruling involving a 2008 claim against Malaysian flagship carrier MISC
- Alaska seeks fast ferry injunction
ALASKA'S state attorney general's office filed a motion with Alaska's superior court seeking a preliminary injunction in its ongoing lawsuit over the Fast Vehicle Ferry (FVF) engines
- Mumbai issues new armed guards guidelines
INDIA'S Mumbai Port Trust has issued new guidelines to shipowners and operators concerning the use of armed guards, according to a local ship agency
- Argentine soya exports grow, says asssociation
IHS Global Insight has reported that Argentine soya exports are expected to continue to grow, despite a recent drop in prices
- Tampa to build ethanol hub
THE US port of Tampa has signed a joint-venture deal with US energy company Kinder Morgan Energy Partners and railfreight operator CSX to create a new ethanol hub in Florida
|SEPTEMBER 19, 2011|
- Marad's No. 2 Official Resigns
The Maritime Administration Deputy Administrator Orlando Gotay left his position abruptly on Friday. The agency did not give a reason...
- Customs Brokers Call for HMT Reform
A coalition of New Orleans customer brokers called on the industry on Monday to support legislation requiring the federal government...
- Marad Looks to Streamline Cargo Preference Rules
Carriers and shippers that would like to see changes in regulations governing cargo preference laws will have the chance to...
- Port Tracker Projects Strong Import Growth
Import cargo volume at the busiest U.S. container ports is beginning to ramp up after a flat summer, the National...
- Containerized Exports Rose 4.8 Percent in July
U.S. containerized exports in July rose 4.8 percent from a year earlier, boosted by double-digit gains in wastepaper, scrap metal...
- Korean Air Cargo Falls 8.4 Percent on Weak Exports
Korean Air says a sharp drop in electronics exports out of South Korea sent the airline's cargo traffic down 8.4...
- St. Lawrence Seaway Traffic Up 3.5 Percent
Cargo shipped on the St. Lawrence Seaway from late March through August rose 3.5 percent year-over-year, as raw material shipments...
- ODFL Adds Central Pennsylvania Terminal
Old Dominion Freight Line extended its $120 million expansion this year into Pennsylvania, opening a terminal in Altoona and hiring...
- NY-NJ Container Volume Jumps 6.7 Percent in July
Import volume at the Port of New York and New Jersey grew 6.7 percent in July on a month-to-month basis...
- AAPA CEO Nagle Talks Funding Port Projects, Environmental Issues (Video)
Kurt Nagle, president and CEO of American Association of Port Authorities, discusses how ports are moving aggressively to deepen their...
- Gulftainer to Invest $275 Million in Russian Port
Gulftainer, the Middle East's largest private port operator, plans to invest $275 million to co-develop and operate a multipurpose cargo...
- GAC Changes Management in Dubai
The GAC Group promoted Stuart Bowie to managing director of the company's Dubai office, and Gurmurthi Shankar will succeed him as...
- Trucker CTS Emerges From Bankruptcy Protection
Trucking and logistics company Cargo Transportation Services emerged from bankruptcy last week after reorganizing and attracting a new equity partner....
- Baltimore Reports Record Auto Volume
Vehicle shipments through the Port of Baltimore rose 12 percent to a record 270,700 units during the first six months...
- DOT Stimulus Payments Top $31.3 Billion
Stimulus payments to states for transportation projects completed under the 2009 economic stimulus law rose to more than $31.3 billion...
- Massport Launches Boston Clean-Trucks Program
The Massachusetts Port Authority plans to replace up to 60 old drayage trucks at the Port of Boston through a...
- Maersk Line Ltd., Rickmers to Operate US Ships
Construction of the Maersk Illinois is nearing completion in China. Maersk Line Ltd. and Rickmers-Linie (America) formed...
- Marad Under Fire
When Eastern Shipbuilding struck a deal with a company in Brazil more than two years ago that would bring in...
- APL Revenue, Volume Flat in August
APL's container revenue and volume were virtually unchanged in August from July, despite imposing trans-Pacific peak season surcharges through half...
- Hamburg Sud Christens Fifth 7,100-TEU Ship
Hamburg Sud christened the Santa Catarina, the fifth of 10 ships with capacities of 7,100 20-foot equivalent container that the...
- Hong Kong Air Freight Falls 7.8 Percent
Weak demand from Europe and the U.S. in August pulled Hong Kong International Airport's traffic down 7.8 percent from the...
- Cargolux Refuses Delivery of 747-8 Freighter
Cargolux stunned Boeing and the air cargo industry this weekend when the airline announced it would not accept delivery of...
- TNT Links China, Southeast Asia Truck Services
TNT Express linked its Chinese day-definite truck service with its Southeast Asian trucking network, which includes Vietnam, Cambodia, Laos, Thailand,...
- 5 Secrets of Successful Freight Tenders
Almost all transportation managers will agree that a well-executed freight request for proposal is time-consuming and analytically challenging. With everyone's...
- Is Your Transportation at Its Best?
As your business grows, it's only natural that it becomes more complex and challenging to manage. Your transportation processes are...
- A Plan to Collaborate
As improved forecasting and demand planning tools enter the marketplace, one of the most significant developments is the introduction of...
- Retail's Shorter Shelf Life
In 2007, home improvement retailer Lowe's already was intent on improving inventory processes that would reverberate throughout global supply chains...
- Is There an App for That?
The third-party logistics industry has moved into the information business to an unprecedented degree. How well they use and manage...
- Stability Amid Instability
Rick Blasgen is a confident man. The president and CEO of the Council of Supply Chain Management Professionals sees the...
- 3PL Learning Curve
The Council of Logistics Management's annual conferences in the early 1990s were filled with references to third-party logistics, a new...
- Who's Who in Logistics Technology
As the economy struggles to find its footing two years after the deepest recession in decades, leading technology providers are...
- 3PL Rallying Cry
Soon after President Obama in his 2010 State of the Union Address challenged the U.S. to double its exports by...
- Freight's Indian Summer?
Economic warning lights are flashing around the globe, so why is Landstar System's Henry Gerkens so confident about the outlook...
- Optimism Rides the Rails
There's no sign in rail freight trends that the U.S. economy may be tumbling into another recession. Rail executives...
- Decision Time for Teamsters
Sotheby's isn't a name often linked with trucking, but the famed auction house is locked in a labor dispute with...
- Labor's Long View?
Since it's founding in 1934, the International Longshore and Warehouse Union has prided itself in being a militant union, but...
- Job Search Engines
It is great news for the nation's millions of unemployed or underemployed people to find our elected officials now are...
- Fueling Debate on Infrastructure
The ambitious infrastructure spending package President Obama offered in his $447 billion jobs plan faces considerable uncertainty on Capitol Hill,...
- Keeping Up With the Jones Act
President Obama on June 23 announced the sale of 30 million barrels of crude oil from the Department of Energy's...
|SEPTEMBER 19, 2011|
- This tradelane is not big enough for the 20 of us
It is approaching high-noon in liner town. After delinquently drinking from the cup of over capacity in the 'Last Chance Saloon' for too many months, ocean carriers are now shuffling into position and preparing for a zero freight rate-induced shoot-out that could end in a fatal blood bath for the minnows, and not least shrapnel wounds for all the industry stakeholders
- Ust Luga gets new investor
- InterManager: give owners the right to hire armed guards in pirate-infested waters
- COSCON chief: Further rationalisation considered as large boxships have 'negative' impact
- India hikes bank rate again
- RAM concludes deal with Tank Management
|SEPTEMBER 19, 2011|
- ORIG storms Times Square
Investors watch intently as George Economou-backed drillship owner joins parent DryShips on Nasdaq.
- Korea fights for yard crown
Clarksons says 2011 orders in South Korea worth almost four-fold more than those booked in China.
- Rickmers mints MLL union
German project powerhouse partners with Maersk Line Limited in surprise assault on the breakbulk market.
- Tanker in collision
Italian aframax involved in accident with trawler off North Wales, but no injuries reported.
- Transpetro crewman killed
Second mate dies fighting a fire on a state-owned tanker off the coast of Brazil.
- Shipbreaker crushed
26-year-old demolition worker killed by falling iron plate at Sitakunda yard.
- Golden Trader to sail
Greek bulker involved in clash with trawler that led to pollution off Denmark patched up and set to continue voyage.
- Tanker Pac ship on block
Ofer-linked company is looking to shed one of its aframaxes, brokers say.
- Flag faux-pas
Singaporean vessel detained for illegal anchoring off Malaysia after inspectors drawn to vessel by upside-down flag.
- STX lands Dalian work
Korean shipbuilder scores $240m deal with Seacon for eight boxships.
- Nam Cheong teams up
Malaysian shipbuilder forms new offshore support vessel company with three partners.
|SEPTEMBER 19, 2011|
- Marks 'fundamental shift'
- MarAd reviewing cargo preference rules
The U.S. Maritime Administration said it is reviewing cargo preference laws that require shippers to use U.S.-flag vessels to transport cargo that is "government-impelled," either as a direct result of federal government involvement, indirectly thr...
- Moody's downgrades MOL, NYK
Moody's downgrades MOL, NYK Moody's downgrades MOL, NYKRatings agency Moody's has downgraded Japanese liners carriers MOL and NYK Line due to a weak freight market and overcapacity in its business segments. Moody's has not changed its ratings on t...
- Maersk, Rickmers form U.S.-flag partnership
Maersk Line Ltd. and Rickmers-Linie (America) Inc. said Monday they have formed a partnership to provide breakbulk and project cargo shipping using two newly built multipurpose ships to be operated under the U.S. flag. The two 19,000-deadweight-ton...
- APL seeks India/Americas peak surcharge
Liner carrier APL said last week it will assess a peak season surcharge on shipments from India to North America beginning Oct. 15. The fee, $400 per FEU, is applicable from India to ports in the United States and Canada, not including Puerto Rico ...
- Lines plan Asia/Oceania rate hike
Liner carrier Mediterranean Shipping Co. said Friday it plans to raise rates on shipments from Asia to Oceania from Oct. 15. The increase, $250 per TEU, applies to shipments from all ports in Asia to New Zealand and from ports in Korea, China, Hong...
- Tropical eyes peak fees to Caribbean
Tropical Shipping said Friday it will assess peak season surcharge on shipments from North America to a number of Caribbean destinations from Oct. 9 to Dec. 11. The surcharge is $150 per 20-foot container, $300 per 40-foot container and $338 per co...
- TNT's China service joins Asia road network
After a year of testing, TNT Express on Monday said its Chinese day-definite domestic road network (operated by TNT Hoau) has joined up with its international Asia road network, creating what it claims to be the only scheduled pan Asia day-definite...
- E-waste firm indicted over exports
Electronic waste firm Executive Recycling Inc., its owner and a former executive were indicted by a federal grand last week in Denver. Executive Recycling; Brandon Richter, the owner and chief executive officer; and Tor Olson, former vice president...
|SEPTEMBER 19, 2011|
- Maersk to test scrubber system
Technology allows ship to meet ECA zones' mandate of 0.1% sulphur, even when using a lower cost fuel with sulphur content of 3.5% or more.
- Ship released from US arrest
Bunker supplier says vessel's bills have been 'fully paid'.
- Double-digit drop in Fujairah
Deliveries available for supply up to and including October 3 in Cape Town.
- Oil spill in Sweden linked to ship collision
Oil spill hits Sweden a week after ship collision in Danish waters pierced a bunker tank.
- Prices soft in Rotterdam and Hamburg
Players head to the sidelines in Rotterdam as prices fall.
- DK Group appoints joint managing director
'Experienced and dynamic senior management team' will allow group to capitalise on its Air Cavity System.
- Limited scope for Russia's Arctic transit route
Arctic shipping increasing but not because of transits; entire region could be ice-free in summer by 2030, conference is told.
- New trader for O.W. Bunker's Dubai office
Company says appointment is 'testament to the rapid growth'.
- Wider push may be seen for ECA delay
More states may get behind request for deferral of 0.10% sulphur limit in Europe.
- Bunker prices generally down as week opens
Public holiday in Tokyo Bay on Monday.
- New trader joins Bominflot
Sebastian Clausen has operational experience from a previous job with 'one of the leading German ship owners'.
- East Asia bunkering operations affected by tropical typhoon
Tropical typhoon Roke disrupts operations at several Chinese and South Korean ports.
- Odfjell inks 'strategic partnership' with US equity firm
Lindsay Goldberg acquires 49% stake while Odfjell retains 51% share in tank terminal businesses.
- US Army posts MDO order
Looking to purchase 12,000 gallons of MDO for three vessels based at Duluth.
- Are you prepared?
Is the industry prepared for greater regulation that would require more transparency in fuel measurement and reporting?
- Refiners in predicament over 'uncertain' bunker needs
Refiners can decide direction only after the 2018 IMO review.
- Bunker costs 'have become a major factor'
Cost increases coming even as shipowners face extended period of low earnings, says analyst.