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LR: Investment Decisions "A Headache" for Shipowners

Lloyd's Register says shipowners are being "confused" by investment options for energy management.

Bomin Merger Creates One of the "World's Largest" Bunker Firms

Mabanft complete the acquisition of Bominflot and say they have now "acquired critical mass on the ship bunker market."

Prices for Bunkers and Oil Sink in May

Bunker prices follow crude down, with some $90 per metric tonne shed from IFO380 across in some key ports.

Market Outlook: Oil Stocks and Output High, Demand Low

Bunker buyers putting their faith in prices continuing to shadow crude won't be expecting to see any fuel price hikes in their immediate future.

LNG: Shorter Payback Times than Scrubbers

LNG "given the right circumstances," promises fewer emissions and lower fuel costs according to a joint GL-MAN study.

UK P&I Club: Singapore "Cappuccino Bunker" Warning

P&I Club issue guidelines to reduce incidents of "Cappuccino" effect in bunker supply.

Ferry Firm Sees 22% Rise in YTD Bunker Bills

Irish Continental Group says bunker costs rose €3.4 million (US $4.3 million) for the first four months of the year.

Aegean Post 48.5% Gain in Q1 2012 Profits

Higher revenues come from lower volumes as the firm focuses on "executing transactions with creditworthy counterparties".

Maersk Line Post Q1 Losses of $599 million

An 18% increase in freight volume not enough to overcome higher bunker costs and lower freight rates.

Identifying Iranian Bunkers in Singapore "A Major Headache"

Report says that fuel oil from Iran is "as ubiquitous as salt in seawater."

Chemoil "On Target" as they Announce Profit for Q1 2012

But performance slumps with profits attributable to equity holders for the first quarter down 62%.

Bunker Costs Force Maersk Route Closures

Shipping line to discontinue direct coverage from Peru and Chile to Northwest Europe.

"Rare" Fuel Oil Shipment from Japan to Singapore

Shell to move 80,000 tonnes of fuel oil from Negishi with a lay date of May 16 at a freight rate of $500,000.

Hapag-Lloyd blame "Soaring Bunker Prices" for Q1 Losses

Losses due to rising fuel costs and uncertainty in global economic conditions.

Judge Rules Against Supplier for $4 Million Unpaid Bunkers

Landmark case by Hong Kong court defines 'control', says Maruba only responsible for one of the 11 vessels.

Shipping Crisis Will Last "Two to Three Years"

Fredriksen says many shipping firms and shipyards are going to be put out of business.

China to Buy Iranian Fuel Oil Shipment

The Khorfakkan is to load 80,000 metric tons of fuel oil on May 15 from the Iranian port of Bandar Mahshahr.

Chemoil Confirms COO / CFO Resignation

Chief Operating Officer & Chief Financial Officer Mats Henrik Berglund to join Pacific Basin Shipping Limited in Hong Kong.

Ship Operators Vetting Bunker Suppliers for Iranian Product

But BIMCO analyst says the problem is "We don't know how much Iranian oil is already blended in [to existing product]".

Iranian sanctions Putting Asian Fuel Oil Markets 'At Risk'

Asian fuel market could see a defect equivalent to 45 percent of current Singapore inventories every month.

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