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Monjasa Moves into Oil Trading

The company announced Monday that it is expanding its business, which currently consists of global shipping and bunkering, to include oil trading.

OW Bunker Almost Bankrupt During 2008 Oil Price Collapse, "Should Never Have Been Listed" Says Former Risk Manager

Kenneth Rosenmeyer says he lost OW Bunker some $45 million when the price of oil collapsed after hitting its all time high in July 2008.

Crude Futures Cool on Yemen Peace Talks

The expiry of Brent July contracts softened $1.12 per barrel settling at $62.61, WTI front month contracts for July settled at $59.92 per barrel.

DNV GL Maritime Names New CEO

Knut Ørbeck-Nilssen will be the new CEO of DNV GL Maritime.

Scorpio Bulkers Announces Offering to Raise Almost $200M

133 million shares will be sold at $1.50 each.

ECA Fuel Compatibility Issues Sees BIMCO Amend Bunker Fuel Clause

Among other changes, a provision will be added requiring charterers to inform owners whenever a notice of non-availability of low sulfur fuel is filed.

Hapag-Lloyd Says its Centralised Fleet Routing Sytem Helps Reduce Bunker Consumption

Hapag-Lloyd argues that the holistic approach to analyzing the factors that affect ship travel can best achieve fuel savings and reduce emission.

Singapore Fuel Oil Imports Triple, Russia Sourced Product Hits 2 Year High

IE Singapore data shows that weekly residual fuel imports to Singapore, led by a jump in shipments from Russia, have nearly tripled in the week to June 10

Eco-scrubber Installed on Ro-Ro Ship

The systemwas installed on the M/V Bore Song.

Bulker Scrapping Hits Record High as Analyst Predicts "at Least 2 and a Half Years of Pain" for Dry Bulk

Data from VesselsValue.com shows Q1 2015 bulker scrapping hit 8.89 million dwt.

Crude Soft as U.S Dollar Firms Against the Euro

But a bearish crude market today could not outweigh the significant gains we had seen the past two days.

Weekly Vessel Scrapping Report: 2015 Week 23

Weekly Vessel Scrapping Report: 2015 Week 23

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from June 4 - June 10, 2015.

OW Bunker: Lawyers for Former Shareholders Say They Can Win a Claim for Damages, "So We Start to Prepare"

The association OW Bunker Investor says it has already raised several million dollars to lead the lawsuit on behalf of the former shareholders.

Bomin Linde LNG: Global Sulfur Cap Will Increase Attractiveness, Demand for LNG Bunkers

Bomin Linde LNG says a coming global sulfur fuel content cap regulation will increase commercial attractiveness and demand for LNG.

OW Bunker Collapse Could Still Result in Criminal Charges as SØIK's Fraud Investigation Continues

Morten Jakobsen, state prosecutor for SØIK, confirmed that he has had a major investigation into the OW Bunker bankruptcy underway since the end of 2014.

Crude Futures Continue to Firm

WTI front month contracts firmed up over 2% for a second day in a row settling in at the new year high of $61.43 per barrel.

Study Confirms Negative Health Impacts of Shipping Emissions, Says Environmental Group

A new report released by German researchers reportedly confirms large amounts of carcinogens in HFO emissions.

Drewry: Tanker Shipping's Fortunes Rest on US Shale Oil Production

Drewry says low oil prices have made crude extraction unprofitable for many US producers and left tanker operators hoping for a rise in U.S. crude oil imports.

ExxonMobil : No Single Best Fuel for 0.50% Global Sulfur Cap, But LNG Bunkers Will Have a Role to Play in the Future

Ian White, Field Marketing Manager, ExxonMobil Marine Fuels & Lubricants says MGO was the "default choice" for compliance.

Ex-Pipe Bunkering Service Aims to Give Faster Turnaround Times at UK Port

Geos has extended its alliance with Peterson to offer the port improved efficiencies.

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