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OW Bunker Looking for Quick Sale of Stranded Bunkers

The company is looking for up to $13.5 million for the fuel.

Battery Hybrid Ferry Trial Shows Reduced Bunker Consumption

Corvus Energy says the three month trial has reduced bunker consumption for a 1999-built Norled ferry.

Crude Prices Flat as Market Awaits OPEC Production Decision

Concern is building over OPEC's impending production decision and the market remains unsure of what the outcome will be.

Monjasa Expects "Limited" Impact From OW Bankruptcy

The company said that its limited financial exposure was fully insured.

ING "Aggressively" Seeking Payment from OW Bunker Debtors

"I'm telling my clients at this time not to pay" or else run the risk of paying three times, says Danish maritime lawyer.

Singapore's Dynamic Oil Trading Calls in Liquidators

DOT has followed its sister Singaporean company OW Bunker Far East by filing for liquidation, with KPMG appointed to oversee the process.

Oil Price Decline Continues

Everything is pointing to no change in production by OPEC.

Concerns Raised Over Further Singapore Bunker Tanker Arrests

Source says targeting delivery vessels rather than the vessels being supplied set a "dangerous precedent".

Maersk Line To Buy More Triple-E Megaships

CEO Soren Skou said that orders made in the next six months will likely include Triple-E ships.

Mauritius and Seychelles Aim For Bigger Share of Indian Ocean Bunker Market

Both islands hope that floating storage facilities will attract more bunkering business.

BIMCO Calls for "Robust" Enforcement of ECA Rules

BIMCO President John Denholm says a level playing field is needed for shipping companies operating within ECAs.

15 to 20 Firms Contact Investment Recovery Specialists Over OW Bunker

"When you go bankrupt ... months after an initial public offering, then it's a scandal," says institutional investor.

Pressure on Oil Prices Mounts as Japan Slips into Recession

With the OPEC meeting still 10 days away bunker buyers may want to hold onto requirements during the interim.

New Association Launched to Promote Bunker Saving Wind Power Technology

Wind propulsion is a serious and increasingly proven option, says International Windship Association Secretary Gavin Allwright.

IEA: MGO Demand to Grow 50% in Europe, Dominate in OECD Americas

The International Energy Agency says MGO's share of the European bunker market will move from 20% percent to 30% from January.

Claims Against OW Bunker Could Exceed $300 million, $21.5 Million Confirmed

A list of at least 100 companies are expected to take legal action against OW Bunker and subsidiaries.

OW Bunker U.S. Subsidiaries file for Chapter 11 Bankruptcy

Three U.S. subsidiaries of OW Bunker A/S have today filed petitions for Chapter 11 bankruptcy.

Long Range Tanker Market on Upswing Says Gibson

Gibson says there has been a dramatic rise in TCE rates for LR1 and LR2 product tankers.

DNV GL Hybrid Propulsion Tests Show Improved Energy Efficiency

The hybrid engine, developed for offshore supply vessels, reduces fuel consumption by 15 percent.

Wärtsilä Ballast Water Management System Gains AMS Approval by USCG

"AMS acceptance is the first stage towards obtaining full USCG type approval," says Wärtsilä.

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