Archive News

November, 2014
Date	Headline	Image
Fri14Nov	Yangtze River LNG Bunkering to Get Government Support A new fund set up by COSIG and the Jiujiang City government will invest in projects to create a LNG bunkering hub on the Yangtze River.
Fri14Nov	South Korean Refiners Mull Legal Action over OW Bunker Losses Two South Korean refiners are said to be looking at legal action following potential losses resulting from OW Bunker's bankruptcy.
Fri14Nov	BIMCO Documentary Committee Adopts Standard Bunker Contract "We will now be pushing ahead with writing explanatory notes and preparing the contract for publication," BIMCO's Grant Hunter tells Ship & Bunker.
Fri14Nov	Singapore Monthly Bunker Sales Volume Edges Up in October Year-to-date sales for all products are now 35.29 million mt, slightly behind the 35.51 million mt sold by the port at this point in 2013.
Fri14Nov	Inside Opinion: Could the OW Bunker Collapse Cause a Domino Effect in Singapore? Credit insurance will be a lot more expensive come renewal time and a lot more compelling than it was for those that don't have it now.
Thu13Nov	Crude Prices Expected to Erode Further We are starting to see some suppliers no longer carrying inventory of low sulphur fuel oil 1.0% in some locations.
Thu13Nov	Weekly Vessel Scrapping Report: 2014 Week 46 Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from November 6th - November 12th, 2014.
Thu13Nov	Singapore Bunker Tanker Arrested The arrest claim was brought by Singapore-based trader Hin Leong and revolves around a 2,714 metric tonne cargo.
Thu13Nov	Singapore Bunker Market Experiencing Credit Crunch OW Bunker's collapse has made suppliers in the area more cautious.
Thu13Nov	Brightoil Loses Two Trading Heads, Hires New Chief Executive in Singapore Both the head of fuels and head of crude oil have left the company.
Thu13Nov	OW Bunker Collapse: 10-15 Vessels Arrested Belgian fuel supplier Wiljo said that an arrest warrant has been issued with the help of a French debt recovery company.
Thu13Nov	Bunker Demand Spikes 20% in a Week at Fujairah Demand for bunkers at Fujairah has risen 20 percent week-on-week following the collapse of OW Bunker.
Thu13Nov	Authorities Seize Undeclared Bunker Fuel The Malta-registered Kapitan Chekha had 12 tonnes of undeclared fuel aboard.
Thu13Nov	Maersk Will Pass on Bunker Savings Following Oil Price Drop "Falling bunker prices will be transferred to the customers, with some modest delays," said A.P. Moeller-Maersk CEO Nils Andersen.
Thu13Nov	Singapore-Based Bunker Trader Vanguard Energy Files for Bankruptcy The development appears unrelated to the collapse of now-bankrupt OW Bunker.
Thu13Nov	Update 1: Traders: Singapore in "Complete Chaos" Following OW Bunker Collapse, Others Disagree Industry veteran Simon Neo, says chaos comments dramatically overstate the actual situation in the market.
Wed12Nov	Brent Dips below the $80/bbl for the First Time Since 2010 OPEC members such as Kuwait and Saudi Arabia have resisted calls to cut output and show no signs of changing their tune.
Wed12Nov	Maersk Line Q3 Bunker Costs Reduced by $41 million as Profits Rise 24% Maersk Line has reported a 24 percent rise in profits and $41 million in bunker savings.
Wed12Nov	Chinese Ports Strictly Controlling Entry of Valemaxes The 400,000 DWT Valemaxes were banned by China's port authority in 2011.
Wed12Nov	IBIA Offers Industry Support in Wake of OW Bunker Collapse IBIA has said it will help individuals and companies impacted by the collapse of OW Bunker.

Showing 121-140 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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