Archive News

January, 2015
Date	Headline	Image
Thu08Jan	Ignoring European ECA Rules Could Save Ships $20,000 Per Day Argus Media's Jack Jordan said many companies will be tempted to flout ECA regulations.
Thu08Jan	TOTE Signs Long Term Bunker Supply Agreement for LNG Containerships The LNG will come from a facility being built by Wespac Midstream and Pivotal LNG.
Thu08Jan	Collapsing Oil Prices May Mean Less Ship Scrapping Owners and operators may be tempted to keep aging ships around to to take advantage of cheaper bunkers.
Thu08Jan	Gazprom Pulls Out of Estonia LNG Project "The Sillamäe terminal could have become...a Gazprom gas transit project, but now they do not consider it possible to expand in our direction," says project founder.
Thu08Jan	Singapore Bunker Trading Margins Better Since OW Bunker Collapse "(Bunker) margins have been better since the OW bunker situation and has remained so until present," says Singapore trader.
Thu08Jan	Singapore Trader: Low Prices Will Boost Bunker Trading Bunker traders can expect brisk business as shipping companies look to buy bunkers and lock in cheap prices through forwards, says a Singapore trader.
Thu08Jan	Quadrise Makes Senior Management Appointments to Help Grow Marine Fuels Business "The recruitment of additional management...was a key objective for the Company and this has now been achieved," says Exec Chairman.
Thu08Jan	Stena RoRo Signs Deal for Scrubbers The systems will be installed in the first half of 2015.
Wed07Jan	Small Gain for Crude After Surprise Inventory Drop Some are speculating that the oil markets may be at an intersection after losing so much value recently.
Wed07Jan	Monjasa Opens New Panama Office The office will open next month with between 5-10 staff.
Wed07Jan	Brent Follows Falls to New Five Year Low After European Price Cut It is widely speculated that Saudi Arabia's decision to slash prices to Europe sparked a new slide in prices.
Wed07Jan	Product Tanker Explodes Outside Chinese Port Clean up and rescue operations are ongoing following the explosion outside Zhanjiang port.
Wed07Jan	2015 ECA Rules to Accelerate Consolidation of Short-Sea, Feeder Markets Consolidation as well as route closures and bankruptcies could become a feature of the Northern European market as the impact of new ECA rules is felt.
Wed07Jan	Filipino Officials Fear Bunker Spill After Barge Grounding "We are more concerned about a possible oil spill because bunker fuel would do a lot more damage than coal," says DENR.
Wed07Jan	OW Bunker: How One of the World's Largest Marine Fuel Traders Went From IPO to Bankruptcy - Part 1, Founding to IPO OW Bunker, a company founded in 1980, went public with an IPO in March 2014, and filed for bankruptcy on November 7, 2014.
Wed07Jan	DP World to Double Investments on Falling Oil Price DP World will increase capacity as it predicts low oil prices will stimulate world trade to the benefit of the shipping industry.
Wed07Jan	Frontline: VLCC Rates Strong As Demand for Floating Storage Rises since mid-October, VLCC rates have doubled.
Tue06Jan	Crude Benchmarks Tumble for the Second Consecutive Day Investors are still looking for a bottom while bunker buyers hold out hope that their search continues on.
Tue06Jan	New Email Suggests OW Bunker Management Knew About Tankoil Debt in September An email allegedly sent to OW Bunker CFO Morten Skou dated late September informed heads that Tankoil had a debt of $97 million.
Tue06Jan	MOL "Moves into a Counteroffensive Year" with 20,000 TEU Box Ship Orders The new fleet will help to combat the effect of falling freight rates which have sent MOL into a deficit this fiscal year.

Showing 161-180 of 199 articles from January, 2015

Jul 11

1Singapore Overtakes Balboa as Monjasa's Top Supply Location

The firm sold more than one million mt of marine fuels in Singapore in 2024.
Jul 11

2Chemical Tanker Arrested in Singapore

The ship was built in 2008 and came to Singapore earlier this month after previously visiting Taiwan and China.
Jul 10

3Glander 2024/25 Pre-Tax Profits Hold Steady from Previous Year

CEO Carsten Ladekjær said the firm will adapt to new changes in the fast-changing market.
Jul 09

4Indian State Sues MSC for $1.1 Billion Over Bunker Spill Caused by Sunken Ship

The Kerala state government has secured a court-ordered arrest of another MSC vessel, MSC Akiteta II, currently held at Vizhinjam Port.
Jul 09

5Petrobras Offers Discounts on Bunker Stems Above 1,500 MT at Santos

The new bunker pricing policy will be applicable from July 10.

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