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UK Supplier Looks to Provide Buyers With More Certainty Over Future Bunker Prices

Geos Group says it is looking to help clients form hedging strategies to buffer the possible effects of a rise in oil prices

MMEA and RMN Widen Search Area for Orkim Harmony, 3 More Aircraft Deployed to Assist

The search area for the MT Orkim Harmony reportedly expanded to include assistance in the waters off neigbouring countries.

Brightoil Entering E-Commerce

The company said that it was in conceptual stages of planning an e-commerce company based on its oil and gas assets.

Traders: Singapore Set for a Bunker Price War, Market is Flooded with Oil

The country's fuel oil inventory reported to be at its highest in over 15 years.

Orkim Harmony: MMEA Says Shipowner Waited Too Long Before Alerting Authorities to Tanker's Disappearance

Orkim's 10 hour delay before alerting authorities made it "very difficult" for the MMEA.

Bunkers Steady as Crude Futures Make Mixed Movements

Brent contracts for August started the day firming and reached levels $64.41 but softened $0.20 cents per barrel by the end of the trading day.

German Scrubber Company to Install System Aboard Tanker

Babcock Noell's system will be installed aboard Carl Büttner's MT Aurelia.

Goldman Sachs Links Weak Rates to Decline in Bunker Prices as Asia-Europe Spot Rate Plunges Below $250

Shanghai Containerised Freight Index rates hit $243 per TEU late last week.

Ports of Auckland Welcomes New 10-Year Bunker Vessel Charter Agreement

Seafuels has reportedly signed a 10-year charter agreement with Z Energy for Awanuia, a fuel bunkering vessel.

Almost Half of Tankers Not Ready For New July 2015 SOLAS Regs

From July 1, 2015 new (IMO SOLAS regulations will require ECDIS with ENC to be installed on all tankers of 3,000 gross tonnes or more.

Carnival to Build World's Largest Capacity Cruise Ships, Power Them Using LNG Bunkers

The four new ships will reportedly be the first in the cruise industry to use LNG in hybrid engines and will have the largest guest capacity in the world.

Monjasa Moves into Oil Trading

The company announced Monday that it is expanding its business, which currently consists of global shipping and bunkering, to include oil trading.

Orkim Harmony: MMEA Says Bunker Pirates Likely "Still Looking for the Logistics to Transfer the Oil to Their Client"

The vessel was carrying 6,000 metric tonnes of Petronas-owned RON95 fuel worth $5.5 million.

OW Bunker Almost Bankrupt During 2008 Oil Price Collapse, "Should Never Have Been Listed" Says Former Risk Manager

Kenneth Rosenmeyer says he lost OW Bunker some $45 million when the price of oil collapsed after hitting its all time high in July 2008.

Singapore Bunker Volumes Hit 13 Month High as Sales Surge Continues

May also saw the port receive 3,497 calls for bunkers, the highest since at least the start of 2011.

Crude Futures Cool on Yemen Peace Talks

The expiry of Brent July contracts softened $1.12 per barrel settling at $62.61, WTI front month contracts for July settled at $59.92 per barrel.

Teekay Launches LNG Ship with "the Lowest Unit Freight Cost in the World Fleet"

The Creole Spirit is being outfitted to transport up to 174,000 cubic metres of LNG.

Illegal Bunkering Charges Brought Against Monjasa are Baseless, Says CEO

Illegal Bunkering Charges Brought Against Monjasa are Baseless, Says CEO

Anders Østergaard, CEO at Monjasa Holding, says the case illustrates clearly that several sovereign states are trying to claim rights to a EEZ zone.

Update: 14 Arrested as Monjasa, Glencore Accused of Illegal Bunkering

Nigeria's EFCC says charges include dealing with 1,738.087 mt of petroleum products "without lawful authority or appropriate licence".

DNV GL Maritime Names New CEO

Knut Ørbeck-Nilssen will be the new CEO of DNV GL Maritime.

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