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Feb
January, 2015
Date Headline Image
Tue06Jan
Altor Made More from OW Bunker than Originally Thought
"It underlines the absurdity of [claims] that Altor was not able to find a solution as OW Bunker got in trouble," says DSA's Jens Møller Nielsen.
Tue06Jan
Moore Stephens: 2015's Fragile Shipping Industry Could See More Companies Follow OW Bunker into Bankruptcy
However, shippers should still keep a positive mindset
Tue06Jan
"Revolutionary" Bunker-Saving System Reduces Fuel Consumption by up to 18%
The system represents the culmination of 10 years' work by Skaar and is said to utilise software developed by NASA.
Tue06Jan
Engineer Raises Safety Concerns over Ferry Operator's LNG Conversion Plans
Det Norsk Veritas had a conflict of interest to say WSF's plans are safe, says Chief Engineer Alex Zecha.
Tue06Jan
ATP, 24 Others File $129M in Claims Against OW Bunker, Altor
25 institutional investors have filed claims totalling DKK803 million to meet insurance deadlines.
Tue06Jan
New Board Appointment at World Fuel Services
Jorge L. Benitez spent over 33 years at Accenture, and was most recently Chief Executive of North America.
Mon05Jan
Bunkers Starting with a "2" Now Firmly in Place
Avails of 0.1% ECA friendly MGO seem to be in order once again with suppliers ready to supply it in many locations around the world.
Mon05Jan
WTI Drops Below $50 per Barrel to Lowest Point in 5 1/2 years
Brent also dropped below $55 per barrel as production glut continues.
Mon05Jan
Oil Spill After Singapore Vessel Collision
4,500 tonnes of Madura crude oil was spilled from a tanker as a result of the incident.
Mon05Jan
Investors Back Aegean as Share Price Hits Another 52-Week High
Shares in the bunker supplier have been steadily rising over the last month after a flurry of activity following the collapse of OW Bunker in November.
Mon05Jan
No Bunker Spill After Singapore Registered Car Transporter is Deliberately Run Aground
All 25 crew members who were onboard were reported to have been recused, and a salvage operation is underway.
Mon05Jan
2015 ECA Rules Expected to Reduce Port City's Marine Sulfur Dioxide Emissions by 95%
For 2015 Vancouver estimates about 17 tonnes of Sulfur Dioxide emissions will come form marine sources, compared to 397 tonnes in 2005.
Mon05Jan
Record 2015 and 2016 VLGC Deliveries Could Affect Freight Rates
83 VLGCs are expected to be delivered over the next two years.
Mon05Jan
Tallink Opts for "Most Expensive" ECA Compliance Option
The company will turn to low-sulfur distillate for ECA compliance.
Fri02Jan
Petronas LNG Project Attempting to be "First Mover" in Global LNG Race
The project faces other Canadian rivals and projects from Australia, the United States and Papua New Guinea.
Fri02Jan
U.S. Phaseout of Single-Hulled Tankers Comes into Effect
US tanker owners were given 25 years to phase out single-hulled ships after the 1989 Exxon Valdez oil spill.
Fri02Jan
Malaysia's Shin Yang Says Low Bunker Prices Will Push Profits Up
Margins will increase by 7 or 8 percent as a result of dramatically lower bunker prices, says Syscorp.
Fri02Jan
Scuttled U.S. LNG Project Falls Victim to Falling Oil Prices
"This project no longer meets the financial criteria necessary in order for us to move forward with the capital investment," says Excelerate Energy.
Fri02Jan
Shippers, Ports Bracing for 2015 Russian Shipping Slump
The falling price of oil has hit Russia's economy hard.