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Court Refuses Anti-Suit Injunction Brought by Bankrupt O.W. Supply & Trading Proceedings
Denmark's Commercial Court has refused to grant an anti-suit injunction to SwissMarine to restrain proceedings brought by OW against SwissMarine.
16 Jul 2015
New York, Singapore Courts Disagree on Validity of Interpleader Applications Following OW Bunker Bankruptcy
The decisions further confuse the issue of who has maritime lien.
16 Jul 2015
Singapore Operator Orders Four Fuel Savings Ferries
Singapore's Majestic Ferries has ordered four 33m catamaran passenger ferry, designed by Australia-based naval architecture firm, Incat Crowther.
16 Jul 2015
Kaohsiung MGO Now Compliant with Hong Kong Low Sulfur Regulations
The new 0.5 percent sulfur product has replaced the previously available 1 percent maximum sulfur product effective July 7, 2015.
16 Jul 2015
Industry Insight: A History of Carbon War Room's Involvement in the Shipping Industry
Industry Insight: A History of Carbon War Room's Involvement in the Shipping Industry
"Early retrofitters will be rewarded, and will reinforce, the two-tier market between efficient and inefficient vessels," writes CWR's Helen Marks.
16 Jul 2015
Crude Futures Swing into the Red
Bunkers were softer in the primary ports today.
15 Jul 2015
Narrowing Singapore Arbitrage Spread With Rotterdam Sees 500 cSt Discount to 380 Widen to 23-Week Low
Good avails, low demand, and a high level of competition were also cited as reasons behind the slide.
15 Jul 2015
Low Bunker Consuption Wärtsilä Engine to Power 20,600 TEU Capacity CMA CGM Mega-Ship
Wärtsilä says the engine features low fuel consumption across the entire operating range, thanks to the application of common rail technology.
15 Jul 2015
Gunvor Sells Majority Stake in Russian Oil Product Terminal
The stake was sold to a Russian billionaire for an undisclosed amount.
15 Jul 2015
North America's First LNG Ferry Officially Commissioned
The F.A. Gauthier is the first in a series of three LNG ferried intended for Quebec.
15 Jul 2015
Restructuring Slashes TORM Debt, Boosts Fleet
The Danish shipping group is now "poised for growth."
15 Jul 2015
Scorpio Tankers Adds Two More to Newbuild Order List
Scorpio Tankers says it has entered into separate agreements to purchase an MR product tanker, and an LR2 product tanker.
15 Jul 2015
Japan's Bonded Bunker Sales Fell Almost 11% in May
Data released Monday shows Japan sold 1.418 million barrels of bonded bunker fuel in May.
15 Jul 2015
HullWiper Approved for Use in Danish Ports
GAC EnvironHull says the diver-free hull cleaning technology has been approved for use in the ports of Copenhagen, Kalundborg, and Fredricia.
15 Jul 2015
Asia-Europe Spot Rates Fall 20% After Two-Week Upswing
Spot rates on the Asia-Europe and Mediterranean routes have begun their predicted slide due to weak demand and over-capacity.
15 Jul 2015
Crude Futures Firm Despite Soft Start and Iran Deal
Many speculators were expecting the market to decline heavily, when the opposite occurred.
14 Jul 2015
Endofa Hires Peter Grunwaldt to Head Commercial Trading Department
"My experience and network within buying, selling and trading of bunkers, will assist in expanding the Endofa brand worldwide," says Grunwaldt.
14 Jul 2015
Prepare for $30 Oil, Says Analyst, as Iran Strikes Deal Over Nuclear Sanctions
$30 would mean bunker buyers could reasonably expect IFO380 prices to fall as low as $158 pmt.
14 Jul 2015
Energy Petrol Expands Fleet With Newbuild Bunker Barge
The 1,750 dwt M/T Demre 6 is the company's fourth newbuild double-hulled barge.
14 Jul 2015
Scientific Alliance Scotland Calls Zero Emissions, Hydrogen Powered Ferry "Silly" and "a Waste of Taxpayers' Money"
But the operators says it "has found no technical reason why we cannot achieve this goal."
14 Jul 2015
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