News Prices Demand Map

Free Registration
& Daily Email

All News

Reports: OW Bunker, Altor Colluded to Hide Speculation at Collapsed Fuel Trader

"If it is true...it's reasonable to conclude that the intention was to conceal the proceeds of risk management," says Danish corporate law professor.

Aegean's Dimitris Melissanidis Stays on List of the 100 Most Influential People in Shipping

But the bunker company founder has slipped from 82nd in 2012, and 94th in 2013, to 97th for 2014.

Eco Ships Will Still Command a Premium Despite 41% Bunker Price Drop

"We still see a premium for new, modern eco-types on the chartering market and newbuildings coming in," says Braemar analyst.

Investment Bank Jefferies Provides $52M Against OW Bunker Debts

"We cannot currently estimate what portion of the receivable is likely to be recovered, [so] we have written off the entire amount," said the bank.

Shanghai Tonya Petrochemical Considering Acquisition of Bunkering, Shipping Companies

The group of companies in question were not named.

Falling Oil Spurring Demand for VLCC Floating Storage

VLCC rates are almost at five-year highs.

"Ghost ship" Bunker Scam Linked to OW Supply & Trading

"One cannot help wondering if...we are staring at a criminal enterprise much wider than what we have discovered so far," says investigating Judge.

IACS Agrees to Work on LNG Bunkering Guidelines

"The IACS initiative will seek to build on what has already been introduced," says IACS.

UK P&I Club: Possible Lack of ECA Compliant Fuel Means Documentation Efforts Should be Taken Seriously

Insurer UK P&I Club warned that shippers would need to ensure complete documentation of fuel requests.

Brent Dips Under $60 as Oil Prices Look Destined for $40 per bbl

U.A.E. Oil Minister said he does not expect an "extraordinary" meeting of OPEC "as the price goes from $60 to $40".

Singapore Shrugs Off "Chaos" from OW Bunker, Dynamic Oil Trading Collapse as Sales Volume Remains Steady

Volumes have remained steady both month-to-month, and year-to-date, despite reports of a credit crunch follow the collapse of OW Bunker.

Drewry: Shippers More than Carriers Gain From Plunging Oil

Low oil prices has closed the advantage of having larger containerships, said Drewry.

GE to Supply Bunker Saving Technology for New Generation PSVs

"Vessels need to perform efficiently with optimized fuel consumption and reduced environmental footprint," says shipbuilder Starnav.

Cruise Ship Runs Aground in Philippines Searching for Bunkers

Salvage plans are already underway as the ship is said to pose a threat to local communities, but no bunker spill has yet been reported.

Canary Islands Port Given Grant to Study LNG Bunkering

The port has ambitions to become a hub for trans-African cargo.

Mercuria Adds Over 40 ex-OW Bunker Staff, 3 New Offices

"This is a natural expansion of our robust fuel oil trading infrastructure," says group head of trading.

Plunging Oil Behind Uptick in Ship Speeds

It was previously predicted that the falling price of oil would unlikely cause companies to rethink slow-steaming practices.

Crude Oil Continues to Slump, OPEC Signals Slide Will Continue

OPEC members indicated that there are no plans to meet before its next regularly scheduled meeting in June.

Singapore Credit Crunch Easing

Bunker markets are slowly returning to open credit terms, according to traders.

Jorgensen: Operators and Owners Need to Think About Bunker Quality, Not Just Price

Jens Maul Jorgensen criticized companies who focused only on their bottom lines.

‹ 1447 1448 1449 1450 1451 ›