World News

Norwegian Oil Trading Expands Teams in Singapore and Norway

NOT's new employes were previously at OW Bunker and Cockett Marine Oil.

16 Mar 2015

Mercuria: We are Investing Substantial Resources Into the Bunkering Business

The Swiss energy and commodities trader says it is looking for 20 to 40 bunker fuel specialists to fill positions in Asia, Europe and the United States.

16 Mar 2015

DFDS: Desite Bunker Price Drop, ECA Shippers Still At a Disadvantage to Land Transport

"For a customer using sea freight, there has been no price reduction since September, but for those using land transport there will be a reduction."

16 Mar 2015

BIMCO: Dry Bulk to Recover Slightly in Q2, But Rates Will Remain Under $10,000

Dry bulk rates should recover slightly in quarter two, but remain very weak, with Capesize trades likely to fare worst.

16 Mar 2015

Wilhelmsen Ships Service Warns on Potential of Engine Damage from ECA Fuels

The company said that improper management and treatment of low-sulfur distillate fuels could cause significant damage.

16 Mar 2015

Clipper Adds MGO Tanks for Easier ECA Operations

One HFO tank will be converted aboard each of six 30,000 DWT bulk carriers.

16 Mar 2015

India Extends $500M Credit to Mauritius For Bunkering Facility, Petroleum Storage

The two countries also signed five pacts, including one on ocean economy.

13 Mar 2015

After Early Gains, Both Crude Benchmarks End in the Red

For the bunker buyers this is a great position and it should be jumped on sooner rather than later.

12 Mar 2015

Weekly Vessel Scrapping Report: 2015 Week 10

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Mar 4 - 11, 2015.

12 Mar 2015

Carnival Bunker Spend Falls 8%, Operating Profit up 25%

During the year, the company spent $2.03 billion on bunkers, down 8 percent from $2.21 billion in 2013.

12 Mar 2015

OW Bunker: Reports Indicate Dynamic Oil Trading Had Another Significant Debtor

Danish media report OW Bunker trustees have identified Petrotec Pte Ltd as another significant DOT creditor, which itself could be linked to Tankoil.

12 Mar 2015

Maersk Line Makes Bunker Surcharges More "Accurate", Critics Say Less Transparent

Changes to Maersk Line's BAF regime will mean greater "accuracy," but customers fear an attempt to keep a higher proportion of bunker savings.

12 Mar 2015

Hempel Launches Epoxy Coatings for Newbuilds

The coating can also be used as a uni-primer for most vessel areas

12 Mar 2015

Surprising Rise for Brent Futures

The U.S dollar put significant pressure on crude prices as it propelled to a new 12 year high against the Euro.

11 Mar 2015

Eagle Bulk Shipping Appoints New CEO

Stanley H. Ryan was appointed after former CEO Sophocles N. Zoullas resigned last month.

11 Mar 2015

LNG Bunkers "at The Edge of a Great Achievement"

The shipping industry is moving towards LNG bunkers, agree speakers at a Brookings Institution event.

11 Mar 2015

Crude Market Continues on Bearish Run

Speculators still foresee an imminent decline in crude prices as net long positions stay extremely high.

10 Mar 2015

Week Starts with Mixed Movements for Crude

Some analysts still speculate we have not yet seen the floor, hopefully they are right and bunker buyers will once again stay well below budget.

9 Mar 2015

6th Annual European Bunker Fuel Conference - Rethinking Strategies in a New Era

Platts 6th European Bunker Fuel Conference takes place in Rotterdam, The Netherlands, on May 21 - 22, 2015.

9 Mar 2015

Report: Poor Governance Aided Fall of OW Bunker, Likely to Happen Again

"We can only see more trouble ahead in the governance of subsidiaries and group entities," say corporate governance experts.

9 Mar 2015