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Nordea: Low Bunker Prices Will Save Maersk $2bn

Maersk will save a net $2 billion at group level as falling bunker costs outweigh the negative impact to its oil businesses, says Nordea.

Shippers Pay Over $10M to Avoid OW Bunker-led Arrests

U.S. courts are agreeing to allow shipping companies to avoid arrest of their vessels by paying disputed amounts into trust accounts.

Highest Percentage Gain for Crude in Over 2 Years

But this slight recovery does not seem poised to last.

Operator Postpones LNG Bunker Plans, Chooses Scrubbers for ECA Compliance

"But LNG may still offer a longer term sustainable solution," Interlake President Mark Barker tells Ship & Bunker.

OW Bunker Issues Another Arrest Warrant Over Unpaid Bunker Bills

The target is the Greek-owned box ship Box Trader.

ExxonMobil Expands HDME 50 Supply to Hamburg

The product is available now through Fromann, ExxonMobil's branded distributor.

Drewry: Rationale for Bunker Saving ULCVs is Sound, but Box Market Faces "Huge Problem" Absorbing Extra Capacity

New ULCVs, and an estimated 100,000 TEU of capacity scheduled for delivery in 2014, now due in 2015 is making it hard to match supply with demand.

OW Bunker Norway Subsidiary Bergen Bunkers Receives $567M Claim

The estate for Bergen Bunkers has dismissed the claim from a consortium of 13 banks.

Lukoil Starts Supply of 0.10% ECA Compliant Fuel in Murmansk

The fuel is available as of January 2015.

2M Vessel Sharing Alliance Officially Begins

Maersk Line's newest ship left on its first voyage this week.

Aegean Looks to Raise $42M to Fund Expansion Plans

"The Company expects to use the net proceeds from the sale of the new notes for working capital required to fund its expansion," says Aegean.

Energy Complex Continues to Spiral Downward

It will be interesting to see how public energy and shipping companies did in this soft bunker market.

Asian Bunker Syphoning Incidents Up in 2014

"There is a dire need to strengthen national coordination among the littoral States," says ReCAAP.

Low Bunker Prices Deterring Shipowners from Investing in Alternative Methods of ECA Compliance

"The average ship owner is not ready to [switch to LNG], full stop," says one LNG shipping consultant.

Blount Boats Building Bunker Tanker for American Petroleum & Transport

The double-hulled tanker will replace an old single-hulled tanker in American Petroleum & Transport's fleet.

Matson Makes Further Drop to Bunker Surcharge

"We continue to be encouraged by the recent moderation in bunker fuel prices," says Matson.

Analyst: Box Shippers are the "Biggest Beneficiaries" of Low Bunker Prices

The link between bunker prices and earnings for box shippers is less straightforward, says Jeffries analyst.

US Shipper Wins ECA Exemption During $18 Million Scrubber Retrofits

Horizon Lines, Inc. says it will install scrubbers on three of its vessels.

Global Risk Management Hires New CFO

Niels Hyldegaard Kristensen comes from an unnamed Danish bank.

Brent Settles Below $50/bbl for the First Time in Almost 6 Years

Sachs and Societe Generale severely cut oil-price forecasts for 2015.

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