APAC News

MPA Clarifies Methodology for Calculating Monthly Bunker Sales Volume
Reports of low demand during August's record sales month would "depend on who you asked," Simon Neo, Piroj International, tells Ship & Bunker.
6 Oct 2015
Bulk Carrier Arrested in Singapore
The arrest of Alexandrit took place on October 2, 2015 at 5:45pm local time following action taken by local law firm Oon & Bazul LLP.
5 Oct 2015
China Pollution Reduction Plan Expected to be a Key Driver for LNG Bunkers
The changes mean both international and local marine traffic will "without a doubt" be caught up in the new legislation.
5 Oct 2015
IMO and Singapore MPA Mull Global Cooperation Network for Maritime Technology
The two organisations said that such sharing technologies would be important to help battle climate change globally.
5 Oct 2015
China's August Fuel Oil Imports up 58.5%
January to August demand was up 14.3 percent to 952,000 bpd.
5 Oct 2015
New Bunker Purchaser for Dan-Bunkering in Beijing
Heather Xue has been employed effective September 1, 2015.
2 Oct 2015
Busan Bunker Barge Strike Could Mean Supply Shortage, Bunker Price Hike
The strike at Busan may cause congestion at neighbouring ports.
2 Oct 2015
Thai, Vietnam Vessels and Crew Detained for Fuel Smuggling
About 130,000 litres of diesel was being transferred from one boat to another.
1 Oct 2015
Singapore's MPA Funding for LNG Vessels Now Open to Applicants
A maximum of six vessels will receive $12 million in funding.
1 Oct 2015
Singapore Patent for Today Makes Tomorrow's Bunker Saving Hybrid Ship Technology
The Hybrid Ship technology uses a conventionally driven main propeller and an electrically driven duct propeller to achieve reduced fuel consumption.
30 Sep 2015
SCI Says Strong Q1 Results Won't be Sustainable
SCI notes that it has benefited from falling bunker costs which saved the company $52.78 million in 2015.
28 Sep 2015
Japanese Dry Bulk Operator Denies Bankruptcy Rumours
Daiichi Chuo has struggled financially in recent years.
28 Sep 2015
Newly Expanded Malaysia Storage Terminal Already Fully Leased for Fuel Oil
Petronas and Koch Supply and Trading are said to have leased the 260,000 cbm of recently added tank space equally.
24 Sep 2015
Brightoil Lifts Annual Bunker Volumes 14% But Revenues Plunge on Fuel Price Slide
Although overall revenues fell, overall net profit more than doubled.
23 Sep 2015
Australian Court Sides with Bunker Supplier, Paves Way For Enforcement of Foreign Maritime Liens
The Federal Court of Australia upheld the arrest of a ship over unpaid bunkers under a U.S. or Canadian lien.
22 Sep 2015
Lanka IOC Requests Tax Concessions for Bunker Business
The company said it was facing stiff competition from Indian operators.
22 Sep 2015
Floating Storage on the Rise as Singapore Sees Record High Fuel Oil Stocks
Record high stocks and a slowing demand for fuel oil are encouraging traders to temporarily store increasing amounts of fuel oil in tankers.
22 Sep 2015
Troubled Bunker Supplier Loses Loan Funds
Andatee China Marine Fuel Services Corporation says it received a notice of default on September 3.
21 Sep 2015
China Fuel Oil Imports May Decline by Nine Percent in 2016
Declines in bitumen imports and fuel oil demand for shipping were also reported.
21 Sep 2015
Low Bunker Prices "Good News All Around" for Hong Kong's Chu Kong Shipping
The ferry operator says low fuel prices have assisted the company's profit and passenger growth.
18 Sep 2015