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Maersk Line May Cut Unprofitable Contracts

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

Singapore Sees Rise in Bunker Tanker Arrests

Seven bunker tankers have been arrested in Singapore over the last week as companies seek recovery of unpaid bills following OW Bunker collapse.

Asian Bunker Volumes Remain Steady, Despite Earlier Reports of Demand Spikes Away from Singapore

"Hong Kong cannot compete with Singapore, so the vessels taking bunker fuel in Hong Kong are the ones that won't call at Singapore," says one trader.

New Monjasa Company Acquires Bunker Tanker

African Sprinter Shipping has taken on an 8,000 DWT bunker tanker and will become the group's single shipowner.

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.

Finland and Estonia to Build Connected LNG Terminals

The terminals will cut the two countries' dependence on Russian gas.

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.

Swede Chem Takes on Two OW Bunker Tankers

"We saw an opportunity," says Swede Chem Tankers on taking over two charters from OW Bunker.

$1.5 Billion Ghana Port Expansion will make it the Largest Port in West Africa

The expansion will also go hand in hand with upgrades to Takoradi, the country's current largest export facility.

Russia to Monitor All Bunker Operations for Environmental Compliance

All aspects of the bunkering industry are to be heavily scrutinized.

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.

Wärtsilä to Equip Middle East's First LNG Harbour Tug

The new tug will be the first in a series of nine to be built for Drydocks World as the Dubai government pursues a 'green' initiative.

Kosori Developing a 25,000 TEU Container Ship

Korea Ship and Offshore Research Institute is aiming to create the largest containership in the world.

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".

"Only the Big Boys Will Survive" in Singapore's Tight Credit Environment

Tightened credit following the collapse of OW Bunker is hurting small players the most.

Vessel Chief Engineer Pleads Guilty in Marine Pollution Case

The engineer allegedly discharged oily waste overboard illegally while fasifying documents.

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