All News

OW Bunker Collapse Means Double Payment for Bunkers Will Happen in Some Cases

"There will be no way around double payment," says founder of Denmark-based XO Shipping.

9 Dec 2014

ABS Releases Guide, Introduces LNG Fuel Ready Notation for Vessels

"There is strong interest in preparing for a future in which LNG takes a bigger role," says Chairman and CEO, Christopher Wiernicki.

9 Dec 2014

Swedish Player to Manage Seven Ex-OW Tanker Ships

Sirius Shipping will manage the ships while newly-created Alba Tanker looks for a buyer.

9 Dec 2014

Integr8 Expands in Hamburg With Former OW Bunker Staff

Daniel Grünwald, Karl-Heinz Selmerto, Simon Kelly and Jose Antonio Monroy Ramirez have all joined Integr8.

9 Dec 2014

Oil Prices Fall Further as the Market Searches for Bottom

The good news is that bunker prices remain headed in the buyers favor.

8 Dec 2014

Total Marine Fuels Offering New ECA Compliant Distillate, LS IFO Targeted at Scrubber Users

TMF in Germany will also look to supply liquified natural gas (LMG) bunkers as well as other alternative fuels.

8 Dec 2014

World Fuel Services Sells Interest In Crude Oil Joint Ventures

The sale includes the Pioneer Terminal in North Dakota for a base sale price of $43 million.

8 Dec 2014

Oil Price Collapse Could Save Shippers $29 Billion in Bunker Costs

The figure is calculated starting from November 2013, when prices first started slumping.

8 Dec 2014

OW Bunker: Lawyer Presents Further Evidence in Defence of Alleged Dynamic Oil Trading Fraud

Lawyers for ex-DOT CEO and Finance Manger say parent OW Bunker must have known of Tankoil debts since they shared a credit line, among other things.

8 Dec 2014

U.S. Supplier NuStar Secures Arrest Order for Another Ship in OW Bunker Fallout

Nustar is allegedly owed almost $2.46 million for roughly 3,600 metric tons of fuel

8 Dec 2014

Overseas Shipholding Group Asks U.S. Court Who to Pay for OW Bunker Bill

OSG says it is ready to pay a $2 million fuel bill but wants a U.S. court to direct it as to who to pay.

8 Dec 2014

Cockett Hires More than 10 from OW Bunker's China Team, Eyes Singapore Hires

Cockett Marine Oil has hired more than 10 traders and support staff from OW Bunker in China as it eyes Asian expansion.

8 Dec 2014

Hempel Launches New 3% Fuel-Saving Antifouling Products

The products can be specified up to 90 months dry docking interval.

8 Dec 2014

University of Southampton, Shell Collaborate on Ship Efficiency

The University of Southampton has created a new Professor of Ship Safety and Efficiency funded by Shell Shipping & Maritime.

5 Dec 2014

Shell Commissions LNG Bunkering Vessel

"This specialized LNG bunker vessel is good news," says Shell's Maarten Wetselaar.

5 Dec 2014

Skangass Inks LNG Bunkering Deal

"LNG has a fantastic potential as fuel for vessels and we are determined to further develop the infrastructure to serve the market," says Skangass CEO.

5 Dec 2014

Shanghai to Offer Shore Power From Next Year

The initiative is part of an attempt to combat air pollution from ships using high-sulfur bunkers.

5 Dec 2014

ING Collecting from Hundreds of Carriers for Unpaid OW Bunker Debt

Major Danish names include Clipper, Norden, and Torm.

5 Dec 2014

BIMCO Adds Voice to Criticism of EU CO2 Law

"We view the EU MRV Regulation as unhelpful in terms of reaching an international agreement on the crucial issue of CO2 monitoring," says BIMCO.

5 Dec 2014

U.S. FMC Approves CKYHE Alliance

"I am in favor of not taking any further action to delay the implementation of this agreement, popularly known as CKYHE," says FMC Commissioner Doyle.

5 Dec 2014