News & Features

September, 2016
Date	Headline	Image
Fri23Sep	Oil Slumps as Saudi Offer to Iran Prior to Freeze Deal Proves Empty Zero Hedge warns that over-enthusiastic reporting will cause further market mayhem prior to Algeria.
Fri23Sep	Two Injured In Bunker Tanker Explosion in Italy The resulting fire was extinguished shortly after the explosion, and no spills have been reported.
Fri23Sep	IBIA Welcomes Danish Authorities' Efforts Against Bunker Fraud The comments come following news yesterday that a Danish bunker company has been found guilty of a DKK24 million fraud against one of its customers.
Fri23Sep	Monjasa CEO and Co-Founder Jan Jacobsen Steps Down The move is said to due to personal reasons.
Fri23Sep	Sirius Shipping Places Order for Two Bunker-Saving, LNG-Ready Tankers The 7,999 DWT design is said to feature proven hull lines to reduce fuel consumption, making it "one of the most efficient vessel in its segment."
Fri23Sep	No Bunker Holding Companies Involved in Danish Bunker Fraud Case: Østergaard-Nielsen The name of the Danish bunker company found guilty yesterday of a DKK24 million ($3.6 million) fraud is protected by court-ordered anonymity.
Fri23Sep	EPA Says Clean Strategies and Tech the Key to Greener Ports The declaration is the result of a new report, "the National Port Strategy Assessment: Reducing Air Pollution and Greenhouse Gases at U.S. Ports."
Fri23Sep	APT Sees Keel Laid for Newest LNG-Ready Tanker The vessel is the third in a series of four such vessels being built for APT by Philly Shipyard.
Fri23Sep	Maersk Line Eyes Increased Market Share Following Historic Maersk Shake-Up But chief executive Soren Skou ruled out placing orders for new vessels, saying: "There are already enough ships in the world."
Fri23Sep	Dubai Mercantile Exchange Lists Two New Fuel Oil Derivatives The new 180 cSt and 380 cSt contracts are intended to hedge the price differentials between Middle East fuel oil and Singapore fuel oil.

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22Sep

1Danish Bunker Supplier Found Guilty of $3.6 million Fraud

The court found that the accused deliberately delivered less fuel than the customer had paid for.
20Sep

2Two Bulk Carriers Arrested in Singapore

Ultramax bulk carrier Sainty Valiant and Supramax Trident Challenger have both been arrested in Singapore.
20Sep

3World Fuel Services: Hanjin Collapse Won't be as Chaotic as OW Bunker

VP Charlie Davies says bunker suppliers are typically insured for such losses.
21Sep

4Baltic Dry Index Breaks 900, Reaches Highest Levels in Almost a Year

Although it may have taken four months longer than some market participants had expected, the Baltic Dry Index gained 38 points Wednesday to reach 903.
19Sep

5US Court Tells Bunker Suppliers They Cannot Arrest Hanjin's Owned or Chartered Vessels

Lawyers argue the decision to extend protection to owners of Hanjin-chartered vessels is contrary to both U.S. and South Korean law.
21Sep

6Will Physical Suppliers See Any Positive Outcome from Remaining OW Bunker US Maritime Lien Cases?

"Based on the facts and the law so far, the cases have reached the right conclusion," ING lawyer Bruce G. Paulsen tells Ship & Bunker.
20Sep

7IBIA: Switch to 0.50% Global Sulfur Cap Represents "not Step Changes but Brutal Changes"

IBIA's Unni Einemo says that with the stricter global sulfur cap meaning a shift to distillates for most, there will be a paradigm shift for ship engines.
23Sep

8Maersk Line Eyes Increased Market Share Following Historic Maersk Shake-Up

But chief executive Soren Skou ruled out placing orders for new vessels, saying: "There are already enough ships in the world."
23Sep

9No Bunker Holding Companies Involved in Danish Bunker Fraud Case: Østergaard-Nielsen

The name of the Danish bunker company found guilty yesterday of a DKK24 million ($3.6 million) fraud is protected by court-ordered anonymity.
23Sep

10Monjasa CEO and Co-Founder Jan Jacobsen Steps Down

The move is said to due to personal reasons.

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