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December, 2014
Date Headline Image
Mon01Dec
KPMG: OW Bunker Collection Pact Does Not Extend to Singapore Subsidiaries
Clarification comes after Pricewaterhouse Coopers says it will pursue all global receivables assigned and charged to ING.
Mon01Dec
New BIMCO Clause Aims to Avoid Ship Arrests by Suppliers Over Unpaid Bunker Bills
BIMCO said that it "is a provision with some teeth."
Mon01Dec
Møller-Pedersen Text Message Exchange Before OW Bunker Collapse is Revealed
The CEOs of Dynamic Oil Trading and OW Bunker exchanged messages about exposure to Tankoil Marine Services days before OW Bunker collapse.
Mon01Dec
Oil Could Sink as Low as $55 per Barrel, Pushing Bunkers Under $300 per MT
Prices, however, should quickly rise to consolidate at $75-80 per barrel, he said.
Mon01Dec
OW Bunker China Seeking Court Protection
Receivers will be contacting shipowners and charterers over unfulfilled bunker payments.
Mon01Dec
Indian Shippers Call for India to Extend Bunker Duty Exemption
"This has been a long-standing demand of Indian ship owners and operators seeking a level playing field," says ICCSA President.
Mon01Dec
Plummeting Crude, Bunker Prices Unlikely to Change Slow Steaming Practices
"Cargo won't pay for shorter transit times," says Masterbulk CEO Nicholas Fisher.
Mon01Dec
Dutch Operator Blames Route Shutdown on 2015 ECA Rules
"Due to the upcoming SECA legislation per 1 January 2015 ... up to 50% of the trailer volumes will return to the road," says Transfennica.
Mon01Dec
Dan-Bunkering Names Former OW Bunker Traders Opening Its New Aalborg Office
Five ex-OW Bunker traders will man the Aalborg office and will be "ready to trade from day one."
Mon01Dec
ICS: EU CO2 Rules Could Jeopardise Global Agreement
EU rules "will certainly complicate and perhaps jeopardise these delicate negotiations," says the International Chamber of Shipping.
Mon01Dec
Deep Sea LNG-Fuelled Ships Target Trans-Atlantic Price Arbitrage
Eight LNG-fuelled ships being built for Evergas are due to set sail next year as Ineos aims to bring U.S. gas and ethane to Europe.
Mon01Dec
Simon Neo: A $1 Bunker Price Premium Will Recover Singapore Mass Flow Meter Costs in 6 Months
"All Bunker Tankers in Singapore need to do about 8 to 10 turnarounds a month to be in business," Neo tells Ship & Bunker.