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Island Oil Group Expands Team with Double Hire

Greek bunker trader and supplier Island Oil Group hires new staff at Limassol headquarters and Piraeus office.

Gulf Petrochem Looks to Increase its Stake in Lubricant Manufacturer

Gulf Petrochem purchased 72.33% of Sah Petroleums in July and is seeking to take the company private through the move.

Port Sees Increase in Vessels Being Fined for Understating Bunker Volume on Board

There has been an increase in ships being caught for misstating the amount of fuel aboard.

Dryad Maritime: Expect Attacks by Bunker Pirates in South East Asia to Rise in Q4

Cargo ships and tankers will continue to be at risk, particularly in waters to the east of Singapore, as gangs increase efforts.

DFDS Estimates Low Sulphur Surcharge to Raise Freight Rates 15%

DFDS Seaways took into account the extra costs incurred from using marine gas oil in the calculation.

LNG Bunkering Vessel Receives Class Approval

France-based Gaztransport & Technigaz received the AIP for a 4,000-cubic-metre capacity bunkering vessel from Bureau Veritas.

SIBCON 2014: 1300 Participants Confirmed and Counting!

SIBCON 2014 is set to outdo expectations once again and here is your final reminder to make sure you are there!

Demand is weak, Supply is Abundant, and there is No Reason for High Oil Prices

The bears are out in force making easy meals of all the bulls.

Weekly Vessel Scrapping Report: 2014 Week 41

Weekly Vessel Scrapping Report: 2014 Week 41

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from October 2nd - 8th, 2014.

MGO Tanker Sunrise 689: Attack by Bunker Pirates Confirmed, Crew Released but Injured, Fuel Stolen

The Vietnamese clean product tanker went missing last Thursday after it departed Singapore.

ECA Rules Not Economically Reasonable, Agree Delegates at Russian Conference

Delegates at the Impact of Shipping on Air in Europe conference in St Petersburg have labelled ECA rules as an unjustified financial burden.

2015 ECA Rules Cited as Finnlines Axe Charter Vessel

Finnlines says the Finnsailor's RoPax route will be canceled as of January 1 due to ECA rules and overcapacity.

Pakistan Supplier Expands its Bunker Barge Fleet

Karachi-based Ocean Bunkers brings its fleet total to five with addition of new self-propelled barge.

Low Oil Prices to Hit OW Bunker Q3 Earnings

Third-quarter profit is expected to be 20 percent lower than in 2013.

Panama: We Can be the World's Third Biggest Bunker Market Again

Chairman of Bunkering Committee says it is "feasible" for Panama to become third largest bunker market if it can boost competitiveness.

WMU Professor Tells Singapore Audience Slow Steaming Economics Are Complex

World Maritime University Professor Ma Shuo says freight rates are more important than bunker prices when deciding whether or not to slow steam.

Maersk Executive Explains How Some Companies Are Cheating ECA Rules

Maersk Group's regulatory director says some operators are using false documents and tank allocation.

Wärtsilä to Develop Indonesian Bio-LNG Plant

Wärtsilä will conduct a feasibility study into building a mini bio-LNG plant with two Indonesian companies.

Production Begins at Shell Deep-Water Platform Off Malaysia

Oil production is underway at the Shell operated Gumusut-Kakap platform expecting to produce 25% of Malaysia's total when fully ramped up.

Oil Prices are Officially in a Bear Market

Speculators seem to think that shale-oil drillers won't pull back until prices near $80 a barrel.

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