All News

OW Bunker: From IPO to Bankruptcy - Part 4, Parting Thoughts

The last question to be answered is: could this catastrophe have been avoided?

12 Jan 2015

Monjasa Arrests Bulker Over Unpaid Bunker Bill

Bulker Crystal Gold has reportedly been arrested again as Monjasa pursues a $192,819 bunker bill.

12 Jan 2015

Pakistan's Ocean Bunkers Adds Another Bunker Barge to Fleet

The new vessel will facilitate deliveries of up to 1,500 metric tonnes (mt) of IFO180.

12 Jan 2015

Oil Traders Hiring Old Supertankers for Long-Term Floating Storage

Oil companies have been able to hire aging tankers for well below current spot prices.

12 Jan 2015

"No Leaks" After Tanker Crashes Into New Cyprus Jetty

"No oil leaks or injuries have been incurred by the incident," says VTTV, but the full extent of damage was still unknown.

12 Jan 2015

Wärtsilä Launches Fuel-Saving X62 Engine

The fuel saving two-stroke engine is "now ready for full market availability" after successful testing, says Wärtsilä.

12 Jan 2015

Update: DFDS, P&O Could Benefit Following English Channel Ferry Service Ruling

Britain's Competition Appeal Tribunal has rejected an appeal by Eurotunnel against an ownership ban on its ferry operator MyFerryLink.

12 Jan 2015

OW Bunker: From IPO to Bankruptcy - Part 3, The Point of No Return

The catastrophe was disclosed on the 5th of November. A fraud had been discovered in Dynamic Oil Trading.

9 Jan 2015

VPS Hires New Managing Director for Americas

Michael McNamara starts his new position January 12

9 Jan 2015

Aegean Launches Physical Supply Operations in Germany, Takes On 2 More Former OW Bunker Vessels

"We continue to execute on our strategy to opportunistically enter new markets," says Aegean President.

9 Jan 2015

India Terrorist Boat Explosion May Have Been Bunker Smugglers

A group of Pakistani fishermen have objected to being linked to the alleged terrorist plot.

9 Jan 2015

OW Bunker Issues Warrant for COSCO Ship Over Unpaid Bunkers

The fuel was allegedly bought and delivered last year.

9 Jan 2015

U.S. Navy Commander Pleads Guilty to Accepting Prostitutes, Trips as Bribes

Jose Luis Sanchez leaked confidential navy information to a Singapore-based U.S. marine defence contractor.

9 Jan 2015

Unimarine Hires New Asia Sales Manager

Alex Yim previously worked at Hyundai Merchant Marine and Gulf Oil Marine.

9 Jan 2015

Crude Oil Prices Traded Flat Thursday

Bunker buyers can expect more volatility with pricing in the weeks ahead as a cold winter in North America and geo-politics play into market indicators.

8 Jan 2015

Weekly Vessel Scrapping Report: 2015 Week 1

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Jan 1 - Jan 7, 2015.

8 Jan 2015

OW Bunker: From IPO to Bankruptcy - Part 2, Fall Brings Bad News

The 7th of October announcement the Company started disclosing new important features of the pursued risk management strategy.

8 Jan 2015

Ignoring European ECA Rules Could Save Ships $20,000 Per Day

Argus Media's Jack Jordan said many companies will be tempted to flout ECA regulations.

8 Jan 2015

TOTE Signs Long Term Bunker Supply Agreement for LNG Containerships

The LNG will come from a facility being built by Wespac Midstream and Pivotal LNG.

8 Jan 2015

Collapsing Oil Prices May Mean Less Ship Scrapping

Owners and operators may be tempted to keep aging ships around to to take advantage of cheaper bunkers.

8 Jan 2015