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Integr8 Hires Four Ex-OW Bunker Traders

Two traders were hired in Singapore, while two were hired in Dubai.

Maersk Line's Skou Says Loss-Making Shippers "a Concern"

A large number of loss-making shippers is bad for the industry and world trade in general, says Søren Skou.

OW Bunker Far East to Meet Creditors in Singapore on December 4

A creditors meeting will take place on December 4 as part of the liquidation process underay at OW Bunker Far East.

PwC Appointed Receivers for Lenders of OW Bunker

PwC said that it would pursue suppliers who "interfere with lenders' receivables" directly.

Brent Again Dips Below $80/bbl

There remains no sign of an impending OPEC cut in supplies.

Industry Insight: Is Shipping Really Such a Conservative Industry?

Industry Insight: Is Shipping Really Such a Conservative Industry?

Innovation is key, collaboration is crucial. Shipping needs to respond positively and it will profit in our fast changing world.

IMO Adopts the Polar Code

Safety provisions of the Polar Code are being made mandatory through amendments to SOLAS, with MARPOL amendments expected next year.

Low Bunker Prices Cut Into Eco-Ship Advantages

Bunker prices have fallen 20 percent over the past two months.

Low Oil Prices are "Positive for the World Tanker Business"

The recent drop in oil prices means low bunker prices and an increase in oil demand, says Nordic American Tankers.

Shipowner Asks Singapore Court Who to Pay After OW Bunker Collapse

"We approached the courts to get their guidance/order whom to pay to avoid making any incorrect payments," says MD of Precious Shipping.

Law Firm Calls for "Clear Strategic Response" to the OW Bunker Collapse

Ince & Co. has said the "situation remains highly fluid" and will require a "clear strategic response".

ExxonMobil Launches Marine Engine Oil for Upcoming EPA Requirements

The Mobilgard 410 NC begins production in December 2014.

Aegean to Release Financial Results on Monday

The supplier is also expected to discuss its position with recently bankrupt OW Bunker.

European Shippers' Council Issues Stern Critique of Shipping Alliance, Urges Global View

Current proposals do not give enough protection from "the huge size and bargaining power of the ship owners," says ESC Chairman Denis Choumert.

OW Bunker Chairman: Board Did Not Approve Tankoil Credit

A large credit line was not authorised by OW Bunker's board, insists Chairman, saying "the board is looking very much forward to an in-depth investigation."

SSI: Focus on Sustainable Shipping is on the Rise

The Sustainable Shipping Initiative says its members are making strides in putting sustainability on the business agenda.

Weekly Vessel Scrapping Report: 2014 Week 47

Weekly Vessel Scrapping Report: 2014 Week 47

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from November 13th - 19th, 2014.

WTI and Brent Crude Pil Prices Firm

There are a lot of rumors circulating around the world on whether or not OPEC will cut production going into their meeting, in just a few days.

Lawyer: OW Bunker Management Must Have Known What Was Going On Between DOT and Tankoil

"For the management in OW Bunker to suddenly...say, they knew nothing about it, seems very strange," says Lars Møller's lawyer.

Maersk Line May Cut Unprofitable Contracts

Unprofitable spot rates on Asia-Europe routes have prompted Maersk to shed underperformers.

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