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OW Bunker Trustees: Where "Unfathomable Amounts" of Tankoil's Bunkers Went is a "Mystery"
"The question is whether the oil has been sold on by either Tankoil or others, who might have failed to settle the bill."
23 Dec 2014
Matson Decreases Fuel Surcharge Again
The decrease will be the second occurrence over the last three months.
23 Dec 2014
OPEC: I Don't Think We Need to Cut Production, Fall in Oil Prices Not Our Fault
Neither Saudi Arabia nor other OPEC members will restrict supply to push up prices, say Middle East ministers.
23 Dec 2014
Crude Prices Fall For a Fourth Straight Week
Some are anticipating the market to be at the $50 level by New Years.
22 Dec 2014
BIMCO's New Standard Bunker Contract Now Available to the Industry
Sample copies are available to download free of charge from the Chartering/Documents section of the BIMCO website.
22 Dec 2014
OW Bunker Trustees Want Singapore's Tankoil Declared Bankrupt
The relationship between Tankoil and DOT can't be examined until Tankoil goes bankrupt, according to Trustees.
22 Dec 2014
BIMCO: No Case to Increase Vessel Speeds
Decreasing bunker costs from falling crude prices have been offset by overcapacity in the industry.
19 Dec 2014
Another Down Day for Crude Oil Prices
Smaller trading volumes at the NYMEX going into the Christmas holiday could lead to increased volatility and huge swings in pricing in either direction.
18 Dec 2014
Weekly Vessel Scrapping Report: 2014 Week 51
Weekly Vessel Scrapping Report: 2014 Week 51
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Dec 11 - Dec 17, 2014.
18 Dec 2014
Altor Defends DOT Omission from OW Bunker IPO Prospectus
"DOT is not mentioned separately as the company is part of the sales division," claims Altor.
18 Dec 2014
Intertanko Launches ECA Bunker Surcharge Clause
The clause aims to "minimise the risk of bunker volatility for Members, and to take account of increasingly onerous regulations on emissions," says Intertanko.
18 Dec 2014
IBIA: Our 2015 Most Ambitious Programme Ever
"We're deeply involved in developing new standards at IMO," said Peter Hall, CEO, announcing IBIA's involvement in two IMO working groups next year.
18 Dec 2014
Crude Makes Small Gains
Most of this was attributed to traders who had bet on lower prices closing out positions.
17 Dec 2014
Eco Ships Will Still Command a Premium Despite 41% Bunker Price Drop
"We still see a premium for new, modern eco-types on the chartering market and newbuildings coming in," says Braemar analyst.
17 Dec 2014
Investment Bank Jefferies Provides $52M Against OW Bunker Debts
"We cannot currently estimate what portion of the receivable is likely to be recovered, [so] we have written off the entire amount," said the bank.
17 Dec 2014
Falling Oil Spurring Demand for VLCC Floating Storage
VLCC rates are almost at five-year highs.
17 Dec 2014
"Ghost ship" Bunker Scam Linked to OW Supply & Trading
"One cannot help wondering if...we are staring at a criminal enterprise much wider than what we have discovered so far," says investigating Judge.
17 Dec 2014
IACS Agrees to Work on LNG Bunkering Guidelines
"The IACS initiative will seek to build on what has already been introduced," says IACS.
17 Dec 2014
Brent Dips Under $60 as Oil Prices Look Destined for $40 per bbl
U.A.E. Oil Minister said he does not expect an "extraordinary" meeting of OPEC "as the price goes from $60 to $40".
16 Dec 2014
Drewry: Shippers More than Carriers Gain From Plunging Oil
Low oil prices has closed the advantage of having larger containerships, said Drewry.
16 Dec 2014
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