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Claims Against OW Bunker Could Exceed $300 million, $21.5 Million Confirmed

A list of at least 100 companies are expected to take legal action against OW Bunker and subsidiaries.

OW Bunker U.S. Subsidiaries file for Chapter 11 Bankruptcy

Three U.S. subsidiaries of OW Bunker A/S have today filed petitions for Chapter 11 bankruptcy.

Three in Court Over Illegal Bunker Storage in Malaysia

Two directors of Malaysian bunker player Zone Arctic and a ship's captain have been bailed pending trial for illegally storing 190,857 of subsidised diesel.

Parker Kittiwake Doubles Production of Emissions Monitoring Systems

The company has seen an exponential increase in orders over the past year.

Long Range Tanker Market on Upswing Says Gibson

Gibson says there has been a dramatic rise in TCE rates for LR1 and LR2 product tankers.

DNV GL Hybrid Propulsion Tests Show Improved Energy Efficiency

The hybrid engine, developed for offshore supply vessels, reduces fuel consumption by 15 percent.

Wärtsilä Ballast Water Management System Gains AMS Approval by USCG

"AMS acceptance is the first stage towards obtaining full USCG type approval," says Wärtsilä.

South Korean Suppliers to Start 0.10% Sulfur Bunker Supply Mid-November

SK Energy will begin offering supply first.

Yangtze River LNG Bunkering to Get Government Support

A new fund set up by COSIG and the Jiujiang City government will invest in projects to create a LNG bunkering hub on the Yangtze River.

South Korean Refiners Mull Legal Action over OW Bunker Losses

Two South Korean refiners are said to be looking at legal action following potential losses resulting from OW Bunker's bankruptcy.

BIMCO Documentary Committee Adopts Standard Bunker Contract

"We will now be pushing ahead with writing explanatory notes and preparing the contract for publication," BIMCO's Grant Hunter tells Ship & Bunker.

Singapore Monthly Bunker Sales Volume Edges Up in October

Year-to-date sales for all products are now 35.29 million mt, slightly behind the 35.51 million mt sold by the port at this point in 2013.

Inside Opinion: Could the OW Bunker Collapse Cause a Domino Effect in Singapore?

Inside Opinion: Could the OW Bunker Collapse Cause a Domino Effect in Singapore?

Credit insurance will be a lot more expensive come renewal time and a lot more compelling than it was for those that don't have it now.

Crude Prices Expected to Erode Further

We are starting to see some suppliers no longer carrying inventory of low sulphur fuel oil 1.0% in some locations.

Weekly Vessel Scrapping Report: 2014 Week 46

Weekly Vessel Scrapping Report: 2014 Week 46

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from November 6th - November 12th, 2014.

Singapore Bunker Tanker Arrested

The arrest claim was brought by Singapore-based trader Hin Leong and revolves around a 2,714 metric tonne cargo.

Singapore Bunker Market Experiencing Credit Crunch

OW Bunker's collapse has made suppliers in the area more cautious.

Brightoil Loses Two Trading Heads, Hires New Chief Executive in Singapore

Both the head of fuels and head of crude oil have left the company.

OW Bunker Collapse: 10-15 Vessels Arrested

Belgian fuel supplier Wiljo said that an arrest warrant has been issued with the help of a French debt recovery company.

Bunker Demand Spikes 20% in a Week at Fujairah

Demand for bunkers at Fujairah has risen 20 percent week-on-week following the collapse of OW Bunker.

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