Archive News

November, 2014
Date	Headline	Image
Thu27Nov	PWC, ING Agree Way Forward on OW Bunker Assets Receivers for bankrupt OW Bunker, PwC, have agreed a way forward with ING which one trustee says will "enhance recoveries" for unsecured creditors.
Wed26Nov	Dan-Bunkering and Endofa's Oleum Physical Supply Venture Comes to an End in WAF Endofa says it has now returned to its core business, and will remain active in both the IFO and MGO market in WAF going forward.
Wed26Nov	Industry Insight: ECA Regulations - How to Comply and Remain Competitive The regulations will introduce further uncertainty into a market that is suffering from overcapacity and depressed demand.
Wed26Nov	Aegean Says Its OW Bunker Exposure is $7.8m Aegean has said its exposure to OW Bunker is much lower than recent reports have suggested and it intends to fully recover the amounts.
Wed26Nov	DNV GL Releases Guide on 2015 ECA Compliance DNV GL warned that the fuel changeover process from HFO to MGO may be more involved than some shipowners realize.
Wed26Nov	Falling Bunker Prices Save Shippers $117M Per Day BIMCO says shippers are saving $117 million per day compared to the position as at June 1, 2014, as a result of falling prices.
Wed26Nov	Zim Posts Further Loss, But Gross Profit Margins Up The Israeli shipper is underway with a five year restructuring plan, which will help it "cope with its challenging financial position."
Wed26Nov	U.S. EPA May Raise ECA Fines to $38,000 per Day: Sources Sources say the fines are set to increase from the current $25,000 per day.
Wed26Nov	ECSA Raises Concerns Over IMO CO2 Monitoring Rules The organisation said that there are issues of data reliability and confidentiality.
Wed26Nov	Los Angeles-Long Beach Bunker Volumes Grow 33% The port complex hit 1 million barrels of fuel for the sixth consecutive month.
Tue25Nov	WTI Hits Four Year Low Speculators are trying to signal to OPEC that if they do not reduce production they will continue to penalize them with lower prices.
Tue25Nov	Double Hire for Island Oil in Dubai Ali Adil has been hired as Head of Trading, while Fayez Osman joins as Trading and Operations Officer.
Tue25Nov	2015 May be a Landmark Year for Aegean, the Bunker Supplier Says Aegean's President E. Nikolas Tavlarios says it continues to position for success "despite challenges that others in our industry may be facing."
Tue25Nov	Aegean Sees Q3 Bunker Volumes Rise 18.5% Aegean's President E. Nikolas Tavlarios says the result shows the firm's "strong, sustainable growth drivers."
Tue25Nov	OW Bunker North America to Hold Bunker Auction Next Week Interested bidders must submit a bid in writing by 1:00 p.m. EST on December 2, 2014, with the auction taking place on December 4.
Tue25Nov	China COSCO's Xu Minjie Gets 10 Years for Corruption The investigation began last November, prompting the executive to resign.
Tue25Nov	New Brightoil Singapore CEO Confirmed Wang Wei comes from Chinese state-run Sinochem.
Tue25Nov	Profit Drops 39% at Singapore's Marco Polo Marine Despite Revenue Growth Profit after interest, but before tax, dropped 39 percent year-on-year to S$13.7 million for FY2014.
Tue25Nov	Interferry: New IMO Rules on LNG Fuel Tanks Will Safeguard LNG Development The new rules will see LNG ships either adopt LNG tanker rules or make adjustments to LNG fuel tank design.
Tue25Nov	Torm Announces Non-Compliance with Loan Facility, No Default Expected Torm last week announced to the market that it had breached one of the terms of its debt facility as restructuring negotiations are taking longer than hoped.

Showing 21-40 of 223 articles from November, 2014

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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