All News

Engineer Raises Safety Concerns over Ferry Operator's LNG Conversion Plans

Det Norsk Veritas had a conflict of interest to say WSF's plans are safe, says Chief Engineer Alex Zecha.

6 Jan 2015

ATP, 24 Others File $129M in Claims Against OW Bunker, Altor

25 institutional investors have filed claims totalling DKK803 million to meet insurance deadlines.

6 Jan 2015

New Board Appointment at World Fuel Services

Jorge L. Benitez spent over 33 years at Accenture, and was most recently Chief Executive of North America.

6 Jan 2015

Bunkers Starting with a "2" Now Firmly in Place

Avails of 0.1% ECA friendly MGO seem to be in order once again with suppliers ready to supply it in many locations around the world.

5 Jan 2015

WTI Drops Below $50 per Barrel to Lowest Point in 5 1/2 years

Brent also dropped below $55 per barrel as production glut continues.

5 Jan 2015

Oil Spill After Singapore Vessel Collision

4,500 tonnes of Madura crude oil was spilled from a tanker as a result of the incident.

5 Jan 2015

Investors Back Aegean as Share Price Hits Another 52-Week High

Shares in the bunker supplier have been steadily rising over the last month after a flurry of activity following the collapse of OW Bunker in November.

5 Jan 2015

No Bunker Spill After Singapore Registered Car Transporter is Deliberately Run Aground

All 25 crew members who were onboard were reported to have been recused, and a salvage operation is underway.

5 Jan 2015

2015 ECA Rules Expected to Reduce Port City's Marine Sulfur Dioxide Emissions by 95%

For 2015 Vancouver estimates about 17 tonnes of Sulfur Dioxide emissions will come form marine sources, compared to 397 tonnes in 2005.

5 Jan 2015

Record 2015 and 2016 VLGC Deliveries Could Affect Freight Rates

83 VLGCs are expected to be delivered over the next two years.

5 Jan 2015

Tallink Opts for "Most Expensive" ECA Compliance Option

The company will turn to low-sulfur distillate for ECA compliance.

5 Jan 2015

Petronas LNG Project Attempting to be "First Mover" in Global LNG Race

The project faces other Canadian rivals and projects from Australia, the United States and Papua New Guinea.

2 Jan 2015

U.S. Phaseout of Single-Hulled Tankers Comes into Effect

US tanker owners were given 25 years to phase out single-hulled ships after the 1989 Exxon Valdez oil spill.

2 Jan 2015

Malaysia's Shin Yang Says Low Bunker Prices Will Push Profits Up

Margins will increase by 7 or 8 percent as a result of dramatically lower bunker prices, says Syscorp.

2 Jan 2015

Scuttled U.S. LNG Project Falls Victim to Falling Oil Prices

"This project no longer meets the financial criteria necessary in order for us to move forward with the capital investment," says Excelerate Energy.

2 Jan 2015

Shippers, Ports Bracing for 2015 Russian Shipping Slump

The falling price of oil has hit Russia's economy hard.

2 Jan 2015

Brightoil to Benefit From Oil Tax Cuts in China

The threshold for tax-free will rise to $65 per barrel.

31 Dec 2014

Trustees Calling for Ex-OW Bunker Heads to be Liable for Over $100 Million in Damages

A 10-page document names three OW management and two DOT heads.

31 Dec 2014

"Avoidable" Bunker Spill After Canadian Tug Sinks

Nine tonnes of bunkers already recovered from spill labelled avoidable by Coast Guard.

31 Dec 2014

California Fuel Switching Regulation Still in Force Next Year

Operators will need to comply with both California's and the ECA rules unless an exception is applied for and granted ahead of time.

31 Dec 2014