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Singapore's Ezion Completes AusGroup Deal, Moves Ahead with Bunkering in Northern Australia

Ezion has sold its marine suppy base business to AusGroup, in which it holds 17.8 percent, and is building a 30 million litre fuel tank facility at Port Melville.

FMC's Lidinsky Calls For "Global Regulatory Approach" to Box Shipper Alliances

Commissioner Lidinsky said box shippers "detest any regulation" and have "an unbridled sense of entitlement."

Skuld: Sub-Contractor Claims May Follow OW Bunker Bankruptcy

Skuld has warned members that sub-contractors for OW Bunker may directly pursue vessels for bunker supplies left unpaid after its bankruptcy.

Top 10 Singapore Bunker Supplier Tankoil Marine Services Implicated in Alleged Dynamic Oil Trading Fraud

Tankoil is said to have been involved in a "credit sleeving" scheme with DOT.

Brent Hits a 4 Year Low

Concerns grow that OPEC will not be cutting prices or production amid the oil supply glut

Alleged Dynamic Oil Trading Fraud was "Untimely Lack of Care" and Not Illegal Activity, Says Lawyer

"The case is not that somebody has stolen money" but "that a big credit given to one customer was built up," says a lawyer.

Analysts: Aegean, World Fuel Services Set for Growth Following OW Bunker Collapse

"Aegean's business model is differentiated enough from that of OW to make a repeat of the same problems unlikely," says a Nasdaq report.

Star Bulk Eco-Fleet Saves Up to 25% in Bunker Costs

Almost 60 percent of the company's fleet is fuel efficient.

Shippers Turn to Government Over Fears of U.S. West Coast Port Shutdown

Labour union negotiations have recently gone sour.

Brightoil Bid for Newfield Upstream Assets Could Run to $800M

Brightoil aims to continue investment in Chinese upstream operations with a bid for Newfield assets said to carry an $800 million price tag.

Maersk Line Tenders for 10 Feeders Optimised for Low Sulfur ECA Operation

Maersk Line is said to be tendering shipyards to build 10 new 3,400 TEU feeders for its Baltic fleet.

German Shipowners Call for Clarity on Scrubber Waste Water Rules

The German Shipowners' Association says uniform rules are needed for the EU on how shipowners should deal with waste water from scrubbers.

DFDS Agrees to Continue Rosyth-Zeebrugge Freight Route

DFDS has reached an agreement with Forth Ports and the Scottish FIrst Minister to continue operating a freight service between Rosyth and Zeebrugge.

Energy Efficiency Factors in KOGAS Decision on New LNG Carrier Builders

KOGAS has chosen DSME to build four of six new carriers and SHI to build the other two, with DSME citing energy efficiency as its edge.

J Poulsen Forms Alliance With HBC

The partnership could lead to a full merger.

Update 1: OW Bunker Files for Bankruptcy, Two Dynamic Oil Trading Employees Reported to Police

"It is not possible to save the remaining business," says Chairman of the Board of Directors, Niels Henrik Jensen.

Reports: Senior Managers Reject Dynamic Oil Trading Fraud Claims

"We're still not sure whether this was actually illegal," says OW Bunker Chairman Niels Henrik Jensen.

Nasdaq OMX: OW Bunker Scandal is "Poison to the Stock Market"

"There's no doubt this case is damaging to investors and the stock market," says head of listings Carsten Borring.

IBIA Gains Singapore MPA Accreditation for Mass Flow Meter Course

The IBIA has announced that its new MFM training course will have MPA accreditation.

New Trader for Glander International Bunkering in Dubai

Steven Kahn previously worked in the derivatives markets in both Dubai and London.

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