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Maersk Line: We're Not Profiting from Low Bunker Prices
Maersk will only profit if low bunkers spurs economic and trade growth, says Maersk Line Asia Pacific CEO.
22 Dec 2014
Shipyards Fighting for $4.5 Billion Worth of 20,000 TEU Box Capacity Ship Orders
The estimated $150 million price tag for each ship will be lower than what Maersk Line paid for its Triple E ships.
22 Dec 2014
Wärtsilä: The World is Switching to Natural Gas
The company has been given the go-ahead for the construction of its first LNG Terminal at the Port of Tornio, northern Finland.
22 Dec 2014
OW Bunker Trustees Want Singapore's Tankoil Declared Bankrupt
The relationship between Tankoil and DOT can't be examined until Tankoil goes bankrupt, according to Trustees.
22 Dec 2014
NAPA: Ships are Facing Pressure to Control Fuel Costs
The company also announced that K-Line would be installing NAPA's eco-efficiency software on three ships.
19 Dec 2014
Aegean Poised to Benefit with U.S. Expansion
The company has been quick to snap up assets formerly belonging to OW Bunker
19 Dec 2014
Quadrise MSAR Emulsion Fuel Little Impacted By Falling Oil Prices
The company's MSAR synthetic fuel is expected to have a slightly delayed launch, but will begin production in the first quarter of 2015.
19 Dec 2014
BIMCO: No Case to Increase Vessel Speeds
Decreasing bunker costs from falling crude prices have been offset by overcapacity in the industry.
19 Dec 2014
Ex-OW Manager Arrested For Alleged Fraud
The suspect is thought have helped sell €7 million worth of non-existent fuel to the Italian Navy.
19 Dec 2014
Another Down Day for Crude Oil Prices
Smaller trading volumes at the NYMEX going into the Christmas holiday could lead to increased volatility and huge swings in pricing in either direction.
18 Dec 2014
Weekly Vessel Scrapping Report: 2014 Week 51
Weekly Vessel Scrapping Report: 2014 Week 51
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Dec 11 - Dec 17, 2014.
18 Dec 2014
EU to Invest €2.5 Million in LNG Facilities at the Port of Bremen
The project is part of the EU's TEN-T Programme, which aims to have LNG facilities at all core EU ports by 2030.
18 Dec 2014
Major Philippines Bunker Depot Ordered to Close By Mid-2015
The Pandacan Terminal site will be converted into a commercial zone.
18 Dec 2014
Altor Defends DOT Omission from OW Bunker IPO Prospectus
"DOT is not mentioned separately as the company is part of the sales division," claims Altor.
18 Dec 2014
Intertanko Launches ECA Bunker Surcharge Clause
The clause aims to "minimise the risk of bunker volatility for Members, and to take account of increasingly onerous regulations on emissions," says Intertanko.
18 Dec 2014
IBIA: Our 2015 Most Ambitious Programme Ever
"We're deeply involved in developing new standards at IMO," said Peter Hall, CEO, announcing IBIA's involvement in two IMO working groups next year.
18 Dec 2014
Glander International Bunkering Expands Brazil Team With EX-OW Staff
The team will be headed by the former managing director of OW Bunker Brazil.
18 Dec 2014
UAE: Nothing Changes for OPEC Even if Oil Hits $40
OPEC would likely wait at least a quarter before considering an emergency meeting, said the UAE's energy minister.
18 Dec 2014
Asian Development Bank Announces $450m Loan for LNG, CNG Fuel Infrastructure in PRC
ADB will lend $450 million to China Gas Holdings to build gas refuelling infrastructure, including LNG bunkering stations along major river routes.
18 Dec 2014
Crude Makes Small Gains
Most of this was attributed to traders who had bet on lower prices closing out positions.
17 Dec 2014
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