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Cruise Ship Runs Aground in Philippines Searching for Bunkers
Salvage plans are already underway as the ship is said to pose a threat to local communities, but no bunker spill has yet been reported.
16 Dec 2014
Mercuria Adds Over 40 ex-OW Bunker Staff, 3 New Offices
"This is a natural expansion of our robust fuel oil trading infrastructure," says group head of trading.
16 Dec 2014
Plunging Oil Behind Uptick in Ship Speeds
It was previously predicted that the falling price of oil would unlikely cause companies to rethink slow-steaming practices.
16 Dec 2014
Crude Oil Continues to Slump, OPEC Signals Slide Will Continue
OPEC members indicated that there are no plans to meet before its next regularly scheduled meeting in June.
15 Dec 2014
Jorgensen: Operators and Owners Need to Think About Bunker Quality, Not Just Price
Jens Maul Jorgensen criticized companies who focused only on their bottom lines.
15 Dec 2014
Falling Oil Prices Push Owners to Offload ECO Ships
"With the fall of bunker costs, the advantage of these eco-fuel ships has been eroded," says one industry source.
15 Dec 2014
ClassNK and USMRC Team Up on LNG Bunkering Training Tools
The two will cooperate to develop more simulation tools for better USMRC LNG training programs.
15 Dec 2014
Braemar Signs LNG Bunker Tanks Deal
Braemar LNG BV has signed a deal to use General Dynamics NASSCO patents to build new LNG bunker tanks.
12 Dec 2014
Low Oil Price Weighs on LNG Bunker Decisions
Unexpected drop in oil prices may "provoke a startled rethink" of plans for the use of LNG bunkers, says BIMCO's Watchkeeper writes.
12 Dec 2014
Overtonnage and ECAs Drag Shipping Confidence to Two-Year Low
Charterers and shipowners saw the greatest declines in confidence.
12 Dec 2014
WTI Slips Under $60 and to a 5 Year Low
Some analysts feel that if the Saudis don't cut production it will actually force other OPEC producers to eventually increase production.
11 Dec 2014
Weekly Vessel Scrapping Report: 2014 Week 50
Weekly Vessel Scrapping Report: 2014 Week 50
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Dec 4 - Dec 10, 2014.
11 Dec 2014
Denmark to Compensate Suspected Bunker Pirates
The nine suspects will be paid over $3000 after having waited 13 days to appear before a judge.
11 Dec 2014
OPEC Cuts Projection to Lowest Demand in 12 Years
The weakness of oil has prompted critics to doubt Saudi Arabia and OPEC's ability to decide the price of oil.
11 Dec 2014
Shipping Lines Will See No Long-Term Benefit from Bunker Price Drop
Freight rates are currently said to be falling faster than bunker prices but lines will pass on savings anyway.
11 Dec 2014
Oil Slumps to New 5 Year Low
A sustained soft period for bunker buyers is welcomed, especially in preparation for the new ECA 0.1% fuel oil regulations.
10 Dec 2014
Glander International Bunkering to Open First European Location
The bunkering and lubricant trading & brokering company has acquired Valhalla Marine Sarl, Geneva effective December 1st, 2014.
10 Dec 2014
Total Sells Stake in GTT to Singapore's Temasek
Total has sold its remaining 10.4 percent holding in LNG solutions company GTT to Singapore sovereign wealth fund Temasek.
10 Dec 2014
Certas Energy Hires Ex-OW Bunker Manager for Marine Team
Varun Chhabria was formerly UK Sourcing and Trading Manager at OW Bunker UK.
10 Dec 2014
TRIAD and EMP Sign Agreement For Greek Renewable Energy Hub
The two companies will work together to provide solutions to companies looking to reduce emissions and fuel costs.
10 Dec 2014
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