APAC News

VLCC Arrested in Singapore Over Alleged $1.3M Unpaid Bunker Bill

The arrest is the seventh so far in Singapore this year.

12 Feb 2015

Singapore Bunker Trader Hit by OW Bunker Collapse to Exit in H2

Opet Singapore suffered from exposure to OW Bunker

10 Feb 2015

ExxonMobil Hits 2M MT Mass Flow Meter Delivery Milestone in Singapore

The milestone comes just 6 months after the supplier reached its one million mt milestone.

9 Feb 2015

Wärtsilä to Power World's First CNG Vessel

The new vessel will feature a 9-cylinder Wärtsilä 34DF dual-fuel main engine operating primarily on gas.

9 Feb 2015

Pacific Shipper's Fuel Surcharge Falls 18% in 3 Months

The move is the fourth consecutive drop in its fuel surcharge.

9 Feb 2015

China Shipping, Bank of China in $14.4 billion Cooperation Agreement

Areas of cooperation include credit facilities, direct financing, financial advisory, and investment.

6 Feb 2015

Bunker Pirates: Singapore, Malaysia, Neighbours to Begin Joint Security Patrols

The Malaysian Navy is said to have already earmarked a vessel for operations which could be launched in March.

5 Feb 2015

Box Shippers Shelve Bunker-Saving Retrofits as Low Bunker Prices Increase Payback Times

Rickmers say payback periods have increased from nine months to two years as a result of depressed bunker prices, says CEO at Singapore conference.

4 Feb 2015

20,000 TEU Box Ship Order Bagged by Japan's Imbari

11 newbuild container carriers will be the largest ever built in Japan, with deliveries expected from early 2018.

4 Feb 2015

Dan-Bunkering Appoints General Manager for Beijing

Zhang Chao is the third member of Dan-Bunkering's Beijing office as he becomes General Manager.

4 Feb 2015

China's Zhongchang Marine Issues Profit Warning Citing Poor Dry Bulk Market

The company expects to increase its losses from last year to $52.7 million this year.

3 Feb 2015

Chinese Players Prepare for Oil Market Reform

CEFC China Energy has hired senior trading executives and is planning to operate an 18 million barrel-capacity tank farm.

3 Feb 2015

Bunker Pirates Hijack Tanker Carrying 1,100mt of Diesel

No ransom has yet been made for the ship whose 14 crew were picked up unharmed on Saturday.

3 Feb 2015

Two More Vessel Arrests in Singapore

A Vietnamese cargo ship and South Korean reefer have been arrested bringing Singapore arrests to a total of six in 2015.

3 Feb 2015

4 In, 3 Out on Singapore's MPA Board

Four new members will join the board as three leave. Lucien Wong remains Chairman.

2 Feb 2015

12 Arrested in Singapore Over Illegal MGO Sales

The transaction is believed to have happened at sea off the Pandan River at the end of last week.

30 Jan 2015

Malaysian Port to Expand Bunkering Facilities

Ahmad Zaki Resources Bhd will invest $7.4 million to upgrade bunkering services at the Tok Bali Port.

30 Jan 2015

Evergreen to Charter 11 Bunker-Saving 18,000 TEU Box Ships

The new ships' main engines feature a longer stroke than those being replaced and will burn an average of 7 percent less bunkers.

29 Jan 2015

India Mulls End to Bunker Duty and Penalties for Ship-breakers

India's DGFT could put an end to duty and penalties incurred by ship-breakers on bunkers left in tanks on ships received for scrapping.

28 Jan 2015

Singapore Ship Arrest Activity Slides 50% in 2 Years

In 2014 there were 60 ships arrested and 67 Warrants of Arrest filed, the lowest in at least three years.

27 Jan 2015