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Singapore MPA and ClassNK to Cooperate on Ship Safety and Sustainable Technologies

The cooperation will focus on ship safety, emission control and marine renewable energy

Dynamic Oil Trading is Owed $329 Million

KPMG says one of its main priorities will be examining the relationship DOT had with Tankoil Marine Services, who is the company's largest debtor.

Reports: Monjasa, Trafigura Dominate Bunker Market in West Africa

Monjasa delivers more than half of monthly bunker volumes in the market as other players exit over security concerns.

Bunker Production Up 34 Percent at Gazprom Neft Omsk Refinery

In total, 3.5 million tonnes of marine fuel were produced last year.

Five Naval Officers Detained In Taiwan For Fuel Siphoning Scam

The five officers were all in charge of fuel supply for their respective warships.

Cheap Oil Causes Chinese Operator to Discard LNG Plans

Jiangsu Blue Ship Power said that the sentiment toward LNG retrofits in China is ambivalent

Glander International Bunkering Welcomes New Traders in Singapore, India

Both Jacky Nguyen and Abhinav Chaturvedi were former OW Bunker staff.

3 U.S. Rear Admirals Censured in "Fat Leonard" Scandal

Three U.S. Navy Rear Admirals will be allowed to retire after being censured for accepting "bribes" from GDMA.

Bunker Prices at a "Tipping Point" for Slow Steaming

The choice between operating fewer ships at a faster speed or more vessels at slower speeds is becoming harder to make.

GAC Strengthens Singapore Trading Team

"2014 was a very fruitful year for us," said Nicholas Browne, Director at GAC.

MPA Revokes Bunker Licences of Hong Fatt Oil Trading and OW Bunker Implicated Tankoil

MPA cited discrepancies and wrongful declarations in their bunker records, as well as unauthorised bunker transfers.

Crude Prices Bounce Back

We saw around a five percent increase, in both crude and gasoil.

Weekly Vessel Scrapping Report: 2015 Week 6

Weekly Vessel Scrapping Report: 2015 Week 6

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Feb 5 - 11, 2015.

Yamal LNG: LNG Prices to Rise as Market Goes into Deficit by 2018

Yamal LNG has predicted a deficit of 50 million tonnes per year by 2020 as it seeks to find interest for a $4.6 million bond issue.

IEA: Oil Price Recovery Will Be Modest by 2020 as Supply-Demand Curve Altered

Low oil prices will not stimulate the kind of demand growth seen after previous oil price crashes, says IEA predicting $73 per barrel by 2020.

Private Equity Funds Set to Take a Larger Ownership Stake in Shipping

More private equity funds are expected to seek to buy distressed shipping debt in 2015 as a route to taking ownership of companies.

Zacks: 2015 Will Be a "Good Year" For Shipping, Cheap Bunkers will be a "Major Positive"

But a company's success will ultimately be up to how it copes with ECAs

VLCC Arrested in Singapore Over Alleged $1.3M Unpaid Bunker Bill

The arrest is the seventh so far in Singapore this year.

Captain of Costa Concordia Sentenced to 16 Years

Francesco Schettino received 10 years for manslaughter, five for causing a shipwreck and one for abandoning ship

ExxonMobil: HDME 50 is Compatible With MGO

"No compatibility issues were identified when mixing ExxonMobil Premium HDME 50 and gas oil, either during lab tests or on-board trials."

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