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Raya Subsidiary Partners with Tumpuan Megah to Enter Malaysian Bunker Market
Selatan Bunker has signed a partnership agreement with Tumpuan Megah Development for the development of bunkering services in Pasir Gudang.
4 Jan 2016
China Approves Another Shipping Merger
Sinotrans & CSC Holdings will become a wholly owed subsidiary of China Merchants Group, no longer directly controlled by the SASA.
4 Jan 2016
Tankoil / Dynamic Oil Trading Relationship Examined: Ex-Singapore Top 10 Bunker Supplier Owed DOT $156 Million at Time of Bankruptcy
Tankoil / Dynamic Oil Trading Relationship Examined: Ex-Singapore Top 10 Bunker Supplier Owed DOT $156 Million at Time of Bankruptcy
Trustee can't find any sound commercial principles for their transactions, and says OW Bunker should have terminated the relationship in 2012.
4 Jan 2016
New White Paper: Shore Power Nine Times More Costly than Fuel Switching for PM
Analysts call for incentives if shore power is prioritized as an emissions reduction strategy.
1 Jan 2016
Brightoil's Singapore Subsidiary Agrees To Buy Another 10 Bunker Vessels for Delivery Throughout 2016
Brightoil Petroleum says that currently low prices for bunker barges make this an opportune time to expand its fleet with 10 new vessels.
1 Jan 2016
Singapore-Listed TRIYARDS Wins $21.82 Million Bunker Barge Contract
The barges are said to be slated for delivery in the second quarter of 2018, and are intended to bunker vessels in Taiwan's harbour and coastal areas.
31 Dec 2015
Thailand's Sea Oil Opens Bunker Trading Office in Singapore
Long-time Southeast Asia bunker player Sea Oil is hoping that its contacts in the region will help it succeed in the world's biggest bunker sales port.
30 Dec 2015
Indonesian Navy Launches New Campaign to Combat Piracy
The program will target villages in the Riau Islands, Malacca Strait, and Natuna Island.
29 Dec 2015
Japan Fuel Oil Sales Fall to 56-Year Low
The country's total oil product sales for November fell to a 46-year low.
29 Dec 2015
Australia Sees "Unprecedented" Rise in Bunker Related Vessel Arrests
The collapse of OW Bunker, as well as an economic downturn, were cited as reasons for the sharp increase this year.
28 Dec 2015
Fines for New China ECA Regs Detailed
A vessel found to be in breach of the new ECA rules will be fined between RMB10,000 and RMB100,000 ($1,550 to $15,500).
25 Dec 2015
New Bunker Barge for Brightoil Singapore Subsidiary
The company says that its Singapore-based Subsidiary 326 will pay $8.4 million to Shenzhen Brightoil Shipping to purchase the bunkering vessel.
25 Dec 2015
Colombo Bunker Sales Receive Boost from Increased Container Traffic
During the first eleven months of 2015, services such as bunkering, repairs and chandelling are said to have increased by 18.2 percent year on year at the port.
24 Dec 2015
Reports: Macquarie Set to Enter Singapore Oil Storage With Stake in Universal Terminal
A fund run by Macquarie Group may be close to buying a minority stake in Singapore's Universal Terminal, partnering with PetroChina and local traders.
24 Dec 2015
ING Arrests National Navigation Panamax in India Over OW Bunker Bill
The 71,500 DWT Esna was arrested at India's port of Dahej after ING filed a lawsuit to recover $431,200 for bunkers supplied in October 2014.
24 Dec 2015
China ECAs Will Have Limited Impact For Operators, Says Shipbroker
Banchero Costa notes the Chinese rules allow for higher sulfur levels, while lower bunker prices may also be helpful.
23 Dec 2015
China Incentives Encouraging Scrapping Of Younger Vessels: BIMCO
A new BIMCO analysis shows Chinese shippers are leading a global trend toward scrapping of younger vessels amid the current shipping downturn.
23 Dec 2015
New Chinese ECAs: Shanghai Considering Voluntary Sulfur Regs in 2016
Huatai Insurance says that the other 10 "core" Chinese ECA ports have no current plans for at-berth regs ahead of new mandatary rules from Jan 1, 2017.
18 Dec 2015
Asia Fuel Oil Falls to 11-Year Low, Seen Under Pressure On Western Arbitrage
Fuel oil prices in Asia have hit their lowest level since January 2005, as traders looked for big inflows of Western product over the coming months.
18 Dec 2015
Freighter Carrying 560 Metric Tonnes of Bunkers Sinks in Singapore Strait
No oil spill has yet been reported after the freighter sunk following a collision with a chemical tanker in the Singapore Strait on Wednesday.
17 Dec 2015
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