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Major Shareholder Reduces Stake in OW Bunker

Cantillon Capital Management LLC has took its shareholding to below 5 percent.

Wärtsilä Raises 2014 Profitability Outlook on Increased Order Intake

Order intake rose 21 percent to €1.3 billion.

P&O Ferries Expands Services Inside ECA Zone

Ferry operator P&O Ferries is expanding its North Sea routes despite challenges faced by the sector from ECA rules.

Finnish Fuel-Saving Technology Company Named in Cleantech List

Eniram's efforts in providing fuel saving technology to the shipping industry were recognized.

ATP: OW Bunker "Management Has Caused a Breach of Trust"

Danish institutional investor ATP says OW Bunker was not up front with investors about the risk of fluctuating profits and has breached ATP's trust.

Denmark Commits Further Funding to Drone ECA Enforcement

The Danish EPA will give funding to develop NOx sensors in drones.

Maersk Line to Continue Slow Steaming Efforts, Despite Reduced Benefits

The company said slow steaming remains part of its toolbox.

Gibraltar Will Work to Stay "Most Competitive Bunkering Port in the Mediterranean"

Minister for Tourism and Port Affairs Neil Costa wants Gibraltar to be the premier port of call in the Western Mediterranean.

Oryx to Start Las Palmas Bunkering Next Month

The date seems to have been pushed back from mid-October.

Dutch Bunker Industry Veteran Heads New ARA Bunker Venture

Jan-Piet Oosterlee is to head the commercial activities and operations of Transmarinefuels BV.

Ship Agency and Broking Group Voices Concerns Over ECA Rules

ECASBA said it had concerns over how ECAs would affect shipping in the Baltic and North Seas.

Aegean Announces New $20 Million Share Repurchase Program

The company will buy back shares in open market or privately-negotiated transactions.

Russian Far East Ports Price Advantage Diminishes as Global Prices Fall

Ship & Bunker data shows the Vostochny, Singapore spread narrow from $170.50 pmt in January to $10 pmt last week.

Bad Weather Disrupts Bunkering at Novorossiysk

"We are able to supply inside the port, but not at the anchorage," a local source reports.

Denmark Pushes for NOx Controls

The Danish EPA hopes to establish NECAs in the Baltic and North Seas.

Russian Governor Pushes for Ban on At-Sea Bunkering

Two oil spills in the Primorye region have prompted a governor to recommend the ban.

OW Bunker Leaning Toward New Downgrade

Swedish private bank SEB predicts that OW profits are increasingly under pressure.

Northwest EU Ports Argue Against Focusing Investment in the Mediterranean

Nine ports are arguing that developing Mediterranean ports would increase efficiency.

Malta Bunkering Company Signs Agreement with WFS

World Fuel Services will use fuel storage tanks belonging to Mediterranean Offshore Bunkering.

Statoil CEO Resigns to Join BG Group

Helge Lund has resigned with immediate effect after 10 years at Statoil in order to join UK's BG Group.

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