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Malaysia Hands Over Investigation of Bunker Theft from Singapore-Flagged MT Joaquim to Indonesia

Malaysian authorities say the investigation has been handed over to Indonesian counterparts, as the ship was found in Indonesian waters on Sunday.

2015 Could Be A Record Year for Southeast Asia Bunker Theft, Says Maritime Security Firm

13 hijackings have been reported so far this year.

More Sources Point to COSCO Group, China Shipping Group Merger

"The matter is being discussed," says one source said to have direct knowledge of the matter.

China's Marine Fuel Quality "Lags Behind That of Major Developed Countries"

"Ship emissions now remain the third largest source of air pollution in China," a local media report notes.

Deaths, Hundreds Injured as Chinese Port City of Tianjin Rocked by Massive Explosions [ VIDEO ]

The blasts are said to have happened in a warehouse area storing dangerous goods located in Tianjin's Binhai development zone.

Japanese Refiner Enters Joint Venture for Australian Fuel Storage Facility

TonenGeneral Sekiyu and Qube Holdings are planning a 230-million-litre-capacity storage facility in Port Kembla.

Second Phase of Malaysia Storage Terminal Complete

ATT Tanjung Bin Sdn Bhd says it has completed the second phase of its Port of Tanjung Pelepas oil terminal expansion, adding 262,000 million cam of storage.

Singapore Bunker Theft Tanker's Navigation System to be Examined by Malaysian Authorities

The Singapore-flagged tanker went missing early over the weekend and was found the next day without its cargo.

China Grants Licences to Allow Crude Imports for Independent Refiners

The country's Ministry of Commerce has announced that it will grant licenses to directly import crude oil to two independent refineries.

Singapore's Transport Minister Lui Tuck Yew to Step Down

Under Lui's watch, Singapore has not only maintained its status as the world's biggest bunkering port, but seen its best ever years in terms of sales volume.

Malaysia Calls for Anti Piracy, Hijacking Strategies to be Revisited

Datuk Seri Hishammuddin Hussein, the country's defence minister, has suggested that anti-hijacking and anti-piracy efforts should be reassessed.

Bunker Pirates Steal 3,500 mt of Bunkers from Singaporean Tanker

Roughly $700,000 worth of marine fuel oil (MFO) had been aboard.

Sri Lanka's Colombo Port Sees Increase in Vessel Traffic, Cargo Tonnage

Container handling at the port also increased during the first half of 2015.

New Trader for MXB in India

MXB is a joint venture between Matrix Marine Fuels Pte. Ltd., Singapore, and India's Bharat Petroleum Corporation Ltd.

China Fuel Oil Demand Jumps Almost 25% in June

The country also saw 4% Growth in June's year-over-year oil demand.

New Player Enters Singapore Bunker Market, Total Drops to 59 Accredited Suppliers

Lukoil Asia Pacific Pte Ltd, and Raffles Bunkering Pte Ltd no longer appear on the list of MPA accredited suppliers.

Drewry: China's Economic Slowdown Will Translate to Demand Loss in Container Market

Greater China, which represents approximately 30% of all container moves in the world, "will contribute to slowing world box growth" says Drewry.

Low Bunker Prices Keep Asian VLCC Earnings Strong Despite Tumbling Rates

VLCC worldscale rates for Persian Gulf to East routes are expected to continue their two week fall, but low bunker prices have maintained robust daily earnings.

No Growth in Singapore Bunker Market, Poor Demand Outlook Herald "Fundamental Change" to Asia Fuel Oil Market

The capital outlay of $2.1 billion for a record 6 million mt traded in Singapore in June far outweighed the return on profits, says Thomson Reuters.

Analysts: Modern Fleet Makes Singapore's NOL a Bargain at $2 Billion

CEO Ng Yat Chung has now suggested that NOL is "hypothetically" for sale.

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