World News

Investors Back Aegean as Share Price Hits Another 52-Week High

Shares in the bunker supplier have been steadily rising over the last month after a flurry of activity following the collapse of OW Bunker in November.

5 Jan 2015

Petronas LNG Project Attempting to be "First Mover" in Global LNG Race

The project faces other Canadian rivals and projects from Australia, the United States and Papua New Guinea.

2 Jan 2015

Trustees Calling for Ex-OW Bunker Heads to be Liable for Over $100 Million in Damages

A 10-page document names three OW management and two DOT heads.

31 Dec 2014

Curoil Expands Bunkering Options, Adds Team Member

Muhamed Dennaoui has rejoined the bunkering team, having left at the end of 2012 to work in another area of the business.

31 Dec 2014

New Director at BMS United Bunkers

Staal previously worked for the company between 2002 and 2009.

31 Dec 2014

Slight Gain for Crude on a Quiet Day in the Oil Markets

Avails of 0.1% sulphur MGO seem to be tightening in the USA.

30 Dec 2014

US OKs Hanjin, UASC, CMA CGM, CSL Vessel Sharing Agreement

The agreement is scheduled to become effective on January 2, 2015.

30 Dec 2014

Analyst: Falling Oil Will Not Deter Eco-Ship Orders

ECA sulfur limits will purportedly still make investing in eco-ships an attractive option.

30 Dec 2014

IMO Releases Reminder on 2015 ECAs

Beginning in the new year, sulfur content in ECA marine fuel will be limited to 0.10 percent by weight

30 Dec 2014

DNV GL Releases New Report for LNG Conversion

The organisation believes that the ground work has been laid for LNG to thrive.

29 Dec 2014

Carnival Expects to Save $475 million on Bunker Costs in 2015

The prediction comes after previous expectation of higher fuel costs due to tightening emissions control rules starting January 1, 2015.

29 Dec 2014

Bunker Market to Grow to 460 Million Tonnes by 2020

Market revenue is also expected to reach $292.4 billion.

26 Dec 2014

Better Fuel Efficiency Lets Korean Ships Command Premium over Chinese Rivals

Recent orders show similar vessels command 16.7 percent higher prices in South Korea compared to China.

26 Dec 2014

Weekly Vessel Scrapping Report: 2015 Week 53

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Dec 25 - Dec 31, 2014.

25 Dec 2014

Weekly Vessel Scrapping Report: 2014 Week 52

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Dec 18 - Dec 24, 2014.

25 Dec 2014

OSG in Second Try to Avoid Tanker Arrest Over Unpaid Bunkers

"OSG cannot ascertain [who] the disputed funds should be paid to," say court papers filed in New York.

24 Dec 2014

Skuld Issues Guidance on Avoiding Legal Disputes from 2015 ECA Changes

"The new ultra low sulphur fuel regulations under MARPOL Annex VI will require more than ship side preparations," says Skuld.

24 Dec 2014

OW Bunker Singapore Lost as Much as $13 Million on a Single Russian Oil Shipment

The Singapore unit had purportedly only been given the go ahead to sail with up to 100,000 tonnes of oil at a time.

24 Dec 2014

Royal Caribbean Installing Scrubbers Due to 'Limited' Availability Low-Sulfur Fuel

The 13 scrubber installations will take place between 2015 and 2017.

24 Dec 2014

Crude Prices Find Support

Tomorrow's direction teeters on the crude inventory report where the expectation are a 2.5 million barrel slide going into the Christmas break.

23 Dec 2014