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Dec
November, 2014
Date Headline Image
Thu06Nov
OW Bunker Collapse: No Arrests Despite Confession, Serious Fraud Office Ready to Act
Manager at Dynamic Oil Trading reported to have confessed to the fraud that has been taking place over the past six months.
Thu06Nov
Weekly Vessel Scrapping Report: 2014 Week 45
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from October 30 - November 5th, 2014.
 Weekly Vessel Scrapping Report: 2014 Week 45
Thu06Nov
OW Bunker Given Until December 1 for Restructuring Plan
"The impact to employees, shareholders, and customers is terrible," says OW Bunker and partner in major shareholder Altor Equity Partners.
Thu06Nov
Update 2: OW Bunker Expects to be Insolvent, Commences In-Court Restructuring
"it must be assumed that the group's equity is lost," says OW Bunker.
Thu06Nov
Singapore, Malta Bunker Venture Moves Forward
New joint venture between Singapore's IEG and Malta Enterprise aims to create an energy trading hub in Malta.
Thu06Nov
Lower Bunker Costs Could Help Maersk to Surpass Profit Expectations
DNB Markets says it expects AP Moeller-Maersk to beat profit predictions due to lower bunker costs.
Thu06Nov
South Korean Port Mulls LNG Bunkering
The Port of Ulsan is set to launch a feasibility study on LNG bunkering at the port.
Thu06Nov
IBIA Launches Port Charter for Better Quality Bunkers
The International Bunker Industry Association has launched a Port Charter scheme aimed at ensuring "quality, quantity and transparency."
Thu06Nov
LNG Market Seeing "Temporary Glut" Says Gas Natural
Oversupply was due to mild weather at the beginning of the year, says CEO Rafael Villaseca.
Thu06Nov
APM Cancels New Jersey Joint Venture
The project was in partnership with Brookfield Asset Management.
Wed05Nov
Oil Bounces Back
The build in U.S. inventories was much less than expected.
Wed05Nov
Update 1: OW Bunker Hit By $125 million Fraud at Singapore Subsidiary, $150 million Mark to Market Loss
Senior employees at Dynamic Oil Trading involved in the fraud, Jane Dahl Christensen dismissed over risk management loss.
Wed05Nov
Update 3: OW Bunker Shares on Matching Halt, Market Awaits "Significant Announcement"
The move is typical prior to a price sensitive announcement.
Wed05Nov
Port of Antwerp Releases RFP for LNG Bunker Station Operator
The Port of Antwerp has released its RFP to find an operator for new fixed station LNG bunkering facilities at the port.
Wed05Nov
MARAD Announces Vessel Fuel Cell Technology Test
The U.S. Maritime Administration says it is testing fuel cell technology as a power source for onboard electrical systems.
Wed05Nov
CMA CGM Lowers Fuel Costs Through Ship Retrofits
The company aims to save 5 percent on fuel costs.
Wed05Nov
Cape Verde's ENACOL Installs MFMs on its Bunkering Vessels to Increase Transparency, Reliability
The Cape Verde physical supplier says MFMs are much more accurate and reliable than traditional methods.
Wed05Nov
Navigator Orders New Fuel-Efficient LPG Carriers
Navigator has ordered new fuel-efficient LPG carriers for immediate time charter.
Wed05Nov
Three New Ports Planned for Indonesia
The country has plans to issue US $1 billion in bonds to fund the project.
Wed05Nov
Port of Dunkirk Announces Partners for LNG Bunkering Project
The port will partner with Exmar, Dunkerque LNG and Air Liquide.