All News

Danish EPA "Comes Down Hard" on Bunker Sulfur Reg Violators

The EPA says a fine of DKK 375,000 ($56,335) has been issued to one shipping company, while another has received a fine of DKK 30,000 ($4,507).

26 May 2017

KS&T Marks First LNG Ship-to-Ship Transfer in the Philippines

The operation was the first of multiple and regular ship-to-ship LNG transfers involving JOVO and MISC.

26 May 2017

Peninsula Petroleum Signs New $200 Million Receivables Finance Facility to Support Business Growth

The new finance facility is said to be specifically intended to support PPG's efforts to develop its global physical supply and reselling operations.

26 May 2017

ABB Opens Bunker-Saving Two-Stage Turbocharging to Wider Market

The Power2 800-M is said to provide an overall turbocharging efficiency of more than 75 percent.

26 May 2017

Crude Prices Fall 4% and US Claims Victory as OPEC Extends its Oil Cuts By 9 Months

The Saudis insist that the same level of cuts will bring us within the five year average by year's end.

26 May 2017

Oil Deal Extension Could Lead to Higher Prices and "Super Bull" Run: Analysts

But others are troubled that OPEC has not publicly discussed an exit strategy for when its cutbacks expire.

26 May 2017

Weekly Vessel Scrapping Report: 2017 Week 19

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from May 18 – May 24, 2017.

25 May 2017

Østensjø Takes Delivery of First European-Built Duel-Fuel Tug

The "state of the art" vessel is the first tugboat in a series of three.

25 May 2017

MOL to Build Japan's First LNG-Fuelled Tug

Osaka Gas will supply LNG fuel to the tugboat, which will be owned by MOL and operated by Nihon Tug-Boat Co.

25 May 2017

Singapore-Based Shipping Company Receives Additional Year of Probation Related to U.S. Pollution Offence

The U.S. DOJ says Odfjell Asia II PTE Ltd. has admitted that a breakdown in the company's internal reporting system constituted a probation violation.

25 May 2017

Gulf Petrochem Expands with Russian and Baltic Trading Desk

Boris Kuftyrev has been appointed to manage Gulf Petrochem's newly established trading desk.

25 May 2017

Hapag-Lloyd and UASC Complete Merger

The two companies will continue to operate independently until mid-July when the first UASC services will begin the transfer to Hapag-Lloyd.

25 May 2017

LUKOIL "Ready" for Tightening Sulfur Regs with New Marine Cylinder Oil

LUKOIL's new marine lubricant, NAVIGO MCL Extra, has been granted approval for use with MAN and WinGD engines.

25 May 2017

Rolls-Royce Signs "Groundbreaking" Service Agreement for Nor Lines' LNG-Powered Vessels

In addition to the "Power-by-the-Hour" service agreement, Nor Lines has also ordered the Energy Management System to log energy consumption.

25 May 2017

Know Your Counter Party: KPI Bridge Oil

"While KPI Bridge Oil is a well-known bunkering company, many do not know how it came into its current form," Brian Coyne, Managing Director, KPI Bridge Oil Americas, tells Ship & Bunker.

25 May 2017

Aegean Warns Tough Market Conditions Set to Continue as Shares Slump 38%

"The global bunker industry faces significant competition in a market saturated with back to back trading entities," says Aegean President E. Nikolas Tavlarios.

25 May 2017

OPEC's Cutback Efficacy Questioned Prior to Vienna, Analyst Describes Its Medium Term Pricing Power as "Zero"

However, other analysts say at least the cartel won't be harmed by the proposed sale of U.S. reserves.

25 May 2017

Crude Prices Dip Despite "Almost Certain" Oil Cuts Extension

One analyst warns that further market disappointments may occur later this week.

24 May 2017

IEA: Shipping "Not on Track" for 2025 Emission Reduction Targets

"Implementing IMO's final GHG strategy only by 2023 will have very little impact on the possibility of meeting 2025 2DS targets," says IEA.

24 May 2017

Gazpromneft Marks 10th Season of Bunker Supply to Royal Caribbean Cruises

During the 2017 summer season, Gazpromneft says the cruise operator will receive up to 45,000 tonnes of bunkers.

24 May 2017