World News

Nigeria LNG Fends Off OW Bunker-Related Ship Arrest Order

The company sought court protection in New York.

10 Dec 2014

Crude Moves Up from 5 Year Low

But this does not mean that oil prices are ready to rebound back to $100 per barrel.

9 Dec 2014

OW Bunker Collapse Means Double Payment for Bunkers Will Happen in Some Cases

"There will be no way around double payment," says founder of Denmark-based XO Shipping.

9 Dec 2014

Integr8 Expands in Hamburg With Former OW Bunker Staff

Daniel Grünwald, Karl-Heinz Selmerto, Simon Kelly and Jose Antonio Monroy Ramirez have all joined Integr8.

9 Dec 2014

Oil Prices Fall Further as the Market Searches for Bottom

The good news is that bunker prices remain headed in the buyers favor.

8 Dec 2014

Oil Price Collapse Could Save Shippers $29 Billion in Bunker Costs

The figure is calculated starting from November 2013, when prices first started slumping.

8 Dec 2014

OW Bunker: Lawyer Presents Further Evidence in Defence of Alleged Dynamic Oil Trading Fraud

Lawyers for ex-DOT CEO and Finance Manger say parent OW Bunker must have known of Tankoil debts since they shared a credit line, among other things.

8 Dec 2014

Overseas Shipholding Group Asks U.S. Court Who to Pay for OW Bunker Bill

OSG says it is ready to pay a $2 million fuel bill but wants a U.S. court to direct it as to who to pay.

8 Dec 2014

Cockett Hires More than 10 from OW Bunker's China Team, Eyes Singapore Hires

Cockett Marine Oil has hired more than 10 traders and support staff from OW Bunker in China as it eyes Asian expansion.

8 Dec 2014

Shell Commissions LNG Bunkering Vessel

"This specialized LNG bunker vessel is good news," says Shell's Maarten Wetselaar.

5 Dec 2014

Shanghai to Offer Shore Power From Next Year

The initiative is part of an attempt to combat air pollution from ships using high-sulfur bunkers.

5 Dec 2014

ING Collecting from Hundreds of Carriers for Unpaid OW Bunker Debt

Major Danish names include Clipper, Norden, and Torm.

5 Dec 2014

Fathom Spotlight: Shore Connection is the Future

Shore power systems enable a ship to connect to the electricity grid of the country where it's berthed, rather than having to rely on the ship's generators.

5 Dec 2014

Bunker Prices Set to Head Lower as Saudi Arabia Says Oil Prices Could Stabilize at $60

Gulf producers are reportedly able to withstand such prices.

5 Dec 2014

Energy Complex Softens as Saudi Arabia Continues to Sell "Discounted Barrels"

As we continue today, there will be volatility but expect prices to soften even more soon.

4 Dec 2014

Weekly Vessel Scrapping Report: 2014 Week 49

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Nov 27th - Dec 3rd, 2014.

4 Dec 2014

Inside Opinion: I Think I Know When Container Ships Will Stop Growing

Korea Ship and Offshore Research Institute has begun developing a 25,000 TEU capacity box ship. So where will it stop? 28,000? 30,000?

4 Dec 2014

Skuld Releases Second Warning on Fuel Handling for ECA Compliance

The marine insurer warned that cross contamination of HFO and new low-sulfur fuel can easily happen.

4 Dec 2014

DNV GL Releases LNG Ready Notation for Newbuilds

The notation will help shipowners who may want to convert their vessels to LNG in the future.

4 Dec 2014

OW Bunker Traders Join OMTI

Two ex-OW Bunker traders will take up positions with OMTI's Greece office in Athens.

4 Dec 2014