All News

Mercuria Moves to Buy Aegean as Bunker Supplier's Operations Return to "Business as Usual"

With the DIP approved in full, "vendor payments are processing today in normal course and the company is operating business as usual," a source tells Ship & Bunker.

9 Nov 2018

Project to Lower Cost, Weight of LNG Bunker Tanks Gets €1m Grant Funding

The companies want to make LNG bunkers feasible for a broader range of marine vessels.

9 Nov 2018

IBIA Closes Conference on Ethical Note

Well attended final session shows interest in topic.

9 Nov 2018

New Report Details Alleged Bunker Industry Role in "Car Wash" Corruption and Money Laundering Scandal

The players involved in Global Witness' report have denied any wrongdoing.

8 Nov 2018

Russia Mulls Crude Cutbacks as Saudi Considers an Industry Without OPEC

Some experts think Russia would benefit by playing ball with those advocating cutbacks.

8 Nov 2018

Crude Falls into Bear Market as Analysts Now Forecast $40/bbl Oil

The Iran sanctions apparently aren't as threatening in the face of massive global production.

8 Nov 2018

Weekly Vessel Scrapping Report: 2018 Week 45

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 1 – November 7, 2018.

8 Nov 2018

Box Carriers Face a "World of Hurt" Recovering IMO2020 Bunker Costs

Many of the world's biggest box carriers are taking a predominantly fuel-based approach to IMO 2020 compliance.

8 Nov 2018

IMO2020: Matson Fitting Scrubbers to at Least 3 More Vessels

We're going to continue to take a hard look at the remaining six vessels, says CEO Cox.

8 Nov 2018

Petrojam Disputes Aegean Debt

The supplier has paid for all deliveries up to November 4, state-owned oil refiner says.

8 Nov 2018

Bunkering Should Embrace Professionalism, Leaders say

Bunker Holding's Keld Demant, Monjasa's Svend Stenberg Molholt mull the future of bunkering in a changing world.

8 Nov 2018

IMO2020: Ardmore Says Scrubbers "Not Particularly Compelling"

"Quite frankly, we would be buying ships rather than installing scrubbers," says CEO Anthony Gurnee.

8 Nov 2018

Navios' Frangou "Agnostic" on the "Religious Scrubber Question"

"Whatever our clients would like, we will do at their cost," she says.

8 Nov 2018

Aegean Bankruptcy Part of Mercuria's "Aggressive Loan-to-Own Strategy", Creditors Claim

Despite being championed as the bunker suppler's savior, Mercuria's relationship has been detrimental to Aegean and resulted in the Chapter 11 bankruptcy, they say.

7 Nov 2018

Oil Production Cuts Could Resume Next Year: OPEC

Meanwhile, Nigeria thinks Iran sanctions may not cause oil shortage.

7 Nov 2018

Trump Takes the Credit as Oil Slips to 8-Month Low

But one analyst predicts that OPEC will begin pulling back on production soon.

7 Nov 2018

Italian Refiner to Build New Bunkering Terminal for IMO 2020 Fuels

Saras intends to produce 500,000 to 600,000 tonnes of 0.50% maximum sulfur product per year.

7 Nov 2018

IMO 2020: Discounts on 0.5% Sulfur Fuel oil Unlikely

Argus Media believes 0.5% will retain its value in the short term.

7 Nov 2018

Denmark: Sulfur down by 50%, ECA Compliance rate 95%

Sulfur in atmosphere falls after cap on marine fuel tightened in 2015.

7 Nov 2018

Aegean Gives Details of Recent Struggles, Says it Has Been Operating at "Severely Limited Capacity" Since March

But a missed Nov 1 payment to bondholders finally forced the bunker supplier to file for Chapter 11.

7 Nov 2018