Archive News

December, 2014
Date	Headline	Image
Thu11Dec	Denmark to Compensate Suspected Bunker Pirates The nine suspects will be paid over $3000 after having waited 13 days to appear before a judge.
Thu11Dec	OPEC Cuts Projection to Lowest Demand in 12 Years The weakness of oil has prompted critics to doubt Saudi Arabia and OPEC's ability to decide the price of oil.
Thu11Dec	ECAs Will Divide Companies into Weaker and Stronger Players, Says Finnlines CEO Companies who directly own newer, large ships will have higher chances of coming out in the competitive upper tier.
Thu11Dec	Shipping Lines Will See No Long-Term Benefit from Bunker Price Drop Freight rates are currently said to be falling faster than bunker prices but lines will pass on savings anyway.
Thu11Dec	Norden Downgrades 2014 Earnings Forecast by $230M on Weak Dry Cargo Market, Loss Expected Danish shipper Norden has provided $240 million for onerous dry cargo time charter contracts, blaming a weak market.
Thu11Dec	Bosphorus Re-Opens to Tanker Traffic After Fog Delays Tankers The narrow artery for shipping between the Mediterranean and Black Seas was closed for a day due to low visibility.
Thu11Dec	Finnish Fuel-Saving Generator Promises 20-30% Fuel Savings Four generators have already been ordered by Sweden's Wallenius Lines.
Thu11Dec	Institutional Investors Launch OW Bunker Investigation "The institutional investors behind the investigation have a responsibility to their members," say parties in a joint statement.
Wed10Dec	Oil Slumps to New 5 Year Low A sustained soft period for bunker buyers is welcomed, especially in preparation for the new ECA 0.1% fuel oil regulations.
Wed10Dec	Glander International Bunkering to Open First European Location The bunkering and lubricant trading & brokering company has acquired Valhalla Marine Sarl, Geneva effective December 1st, 2014.
Wed10Dec	Total Sells Stake in GTT to Singapore's Temasek Total has sold its remaining 10.4 percent holding in LNG solutions company GTT to Singapore sovereign wealth fund Temasek.
Wed10Dec	Certas Energy Hires Ex-OW Bunker Manager for Marine Team Varun Chhabria was formerly UK Sourcing and Trading Manager at OW Bunker UK.
Wed10Dec	Danish Minister, Shipowners' Association Push EU for Tough ECA Enforcement Denmark's Environment Minister and the Director of the Danish Shipowners Association have urged tough enforcement of 2015 ECA rules.
Wed10Dec	TRIAD and EMP Sign Agreement For Greek Renewable Energy Hub The two companies will work together to provide solutions to companies looking to reduce emissions and fuel costs.
Wed10Dec	Ports of Stockholm to Overhaul Discounts for Environmental Shippers LNG fuelled ships could save 30 percent on port fees, netting hundreds of thousands of dollars per year.
Wed10Dec	Aegean to "Integrate Much of the Former OW Bunker Operating Infrastructure in Los Angeles" The supplier confirms it has bought fuel and taken over a terminal lease from OW Bunker, but has not yet said if it will take on any of its staff.
Wed10Dec	Neste Oil Inks Deal to Supply 0.10%S ECA Compliant Bunkers to Tallink Ferries "Our capability to produce cleaner traffic solutions now enables us to take foothold also in the marine sector," says Neste Oil.
Wed10Dec	Nigeria LNG Fends Off OW Bunker-Related Ship Arrest Order The company sought court protection in New York.
Tue09Dec	Crude Moves Up from 5 Year Low But this does not mean that oil prices are ready to rebound back to $100 per barrel.
Tue09Dec	Aegean Buys OW Bunker's California Fuel Stock in Possible West Coast Expansion Move Market sources have indicated the move could signal that Aegean intends to expand onto the US West Coast.

Showing 101-120 of 192 articles from December, 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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