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Gazprom Pulls Out of Estonia LNG Project

"The Sillamäe terminal could have become...a Gazprom gas transit project, but now they do not consider it possible to expand in our direction," says project founder.

Singapore Bunker Trading Margins Better Since OW Bunker Collapse

"(Bunker) margins have been better since the OW bunker situation and has remained so until present," says Singapore trader.

Singapore Trader: Low Prices Will Boost Bunker Trading

Bunker traders can expect brisk business as shipping companies look to buy bunkers and lock in cheap prices through forwards, says a Singapore trader.

Quadrise Makes Senior Management Appointments to Help Grow Marine Fuels Business

"The recruitment of additional management...was a key objective for the Company and this has now been achieved," says Exec Chairman.

Stena RoRo Signs Deal for Scrubbers

The systems will be installed in the first half of 2015.

Small Gain for Crude After Surprise Inventory Drop

Some are speculating that the oil markets may be at an intersection after losing so much value recently.

Monjasa Opens New Panama Office

The office will open next month with between 5-10 staff.

Brent Follows Falls to New Five Year Low After European Price Cut

It is widely speculated that Saudi Arabia's decision to slash prices to Europe sparked a new slide in prices.

Product Tanker Explodes Outside Chinese Port

Clean up and rescue operations are ongoing following the explosion outside Zhanjiang port.

2015 ECA Rules to Accelerate Consolidation of Short-Sea, Feeder Markets

Consolidation as well as route closures and bankruptcies could become a feature of the Northern European market as the impact of new ECA rules is felt.

Filipino Officials Fear Bunker Spill After Barge Grounding

"We are more concerned about a possible oil spill because bunker fuel would do a lot more damage than coal," says DENR.

OW Bunker: How One of the World's Largest Marine Fuel Traders Went From IPO to Bankruptcy - Part 1, Founding to IPO

OW Bunker: How One of the World's Largest Marine Fuel Traders Went From IPO to Bankruptcy - Part 1, Founding to IPO

OW Bunker, a company founded in 1980, went public with an IPO in March 2014, and filed for bankruptcy on November 7, 2014.

DP World to Double Investments on Falling Oil Price

DP World will increase capacity as it predicts low oil prices will stimulate world trade to the benefit of the shipping industry.

Frontline: VLCC Rates Strong As Demand for Floating Storage Rises

since mid-October, VLCC rates have doubled.

Crude Benchmarks Tumble for the Second Consecutive Day

Investors are still looking for a bottom while bunker buyers hold out hope that their search continues on.

New Email Suggests OW Bunker Management Knew About Tankoil Debt in September

An email allegedly sent to OW Bunker CFO Morten Skou dated late September informed heads that Tankoil had a debt of $97 million.

MOL "Moves into a Counteroffensive Year" with 20,000 TEU Box Ship Orders

The new fleet will help to combat the effect of falling freight rates which have sent MOL into a deficit this fiscal year.

Altor Made More from OW Bunker than Originally Thought

"It underlines the absurdity of [claims] that Altor was not able to find a solution as OW Bunker got in trouble," says DSA's Jens Møller Nielsen.

Moore Stephens: 2015's Fragile Shipping Industry Could See More Companies Follow OW Bunker into Bankruptcy

However, shippers should still keep a positive mindset

"Revolutionary" Bunker-Saving System Reduces Fuel Consumption by up to 18%

The system represents the culmination of 10 years' work by Skaar and is said to utilise software developed by NASA.

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