APAC News

Oil Spill Cleanup Underway After Bunker Tanker Sinks in Tokyo Bay
The bunker tanker Sunway Maru sank after colliding with aggregate carrier Daifuku Maru No 8 in Tokyo Bay on Saturday.
20 Jan 2016
Busan Bunker Prices Jump on Tight Supply
Tight supply and strong demand caused South Korean bunker prices to spike Friday.
18 Jan 2016
Singapore Grants Extra 10% Port Dues Discount for Containerships
The extra 10 percent concession on port dues will be given to containerships conducting cargo works at the port with a stay of no more than five days.
15 Jan 2016
Singapore: Chemoil Displaces BP as the Biggest Supplier in the Worlds Biggest Bunkering Port
BP has held Singapore's number one spot for the past 11 years.
15 Jan 2016
Sri Lanka Seeking Strong Player to Sell Bunkers at Hambantota
"It has to be a strong player with competitive pricing," says SLPA Chairman Dhammika Ranatunga.
14 Jan 2016
Fujian Tanker Arrested on Second Attempt Over Bunkers Sold by OW Bunker Singapore Subsidiaries
Court orders the M/V Zheng Yao to be seized as part of ING Bank's attempt to recover unpaid bunkers from OW Bunker Singapore subsidiaries.
14 Jan 2016
Singapore Smashes Annual Bunker Sales Record, Sells Over 45 Million MT in 2015
December sales were the port's second highest ever monthly total of all time.
14 Jan 2016
Petrogas to Invest in India Floating Storage and Regasification Unit
The "state of the art" terminal will have a minimum capacity of 5 million tonnes per year, and represents a $448.03 million investment by Petrogas.
13 Jan 2016
Singapore Jascon 18 Arrest "Without Merit"
Sea Trucks Group tells Ship & Bunker the vessel was also sold in March 2015 to new owners who are independent of Sea Trucks.
13 Jan 2016
Fuel Oil Emulsion Trial Shows 3-5% Bunker Savings
The trial is said to have shown a fuel savings potential of 2 million litres per year for the former the Interislander ferry Arahura.
12 Jan 2016
Double Hire for Cockett Marine Oil in Singapore
The appointments will help CMO "to continue to develop its business in the Asian market, especially in Japan," says COO Cem Saral.
12 Jan 2016
Update: Singapore Makes its First Vessel Arrest of the Year
Jascon 18 was arrested on January 7, 2016 at 9pm.
11 Jan 2016
Adani Bunkering Reveals New Supply Locations as it "Plans Big" for 2016
"Adani bunkering will be soon developing bunkering facilities at Dahej, Hazira & East Coast port of India," says Adani Enterprises CEO Vinay Prakash.
8 Jan 2016
Decision on Bunker-Related Arrest "Radically" Altered Australian Maritime Law Enforcement
Lawyers at Clyde & Co. say that recent legal rulings has made Australia "an even more arrest and enforcement-friendly jurisdiction."
7 Jan 2016
A "Wave of Bankruptcies" Predicted for China's Dry Bulk Shipping Sector in 2016
The country's top lines are said to be struggling with long-term losses and liquidity problems.
7 Jan 2016
South Korea Orders Registration of All Bunker Tankers
An 18-month grace period means owners have until mid-2017 to comply.
6 Jan 2016
Mercator Exits Singapore Subsidiary: Reports
Banks are now likely to take over assets of Mercator Lines (Singapore), of which Mercator had owned about 66 percent, reports say.
6 Jan 2016
Hambantota to Restart Bunkering to Assist with Debt Repayment
The debt is said to have been accrued through loans taken for the construction of the Hambantota Port, with payments due this year.
6 Jan 2016
Judge Denies Vessel Arrest in $3.4M Bunker Dispute Stemming From Former OW Bunker Singapore Subsidiaries
ING failed to provide sufficient evidence to warrant vessel seizure, says Judge Nannette Jolivette Brown.
6 Jan 2016
South Korea to Launch $1.2 Billion Fund for Shipping
The fund is said to be intended to bring more stability to the country's shipping sector and encourage investment into new vessels.
4 Jan 2016