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Glencore Hires Veteran Bunker Trader Quek to Head Singapore Trading
Quek Chin Thean leaves Goldman Sachs to take over from Mark Catton as head of Glencore's Singapore trading business.
17 Mar 2015
Madsen: DOT Acted as Tankoil's "Bank," and it Was Visible to OW Bunker Management
The Danish investment manager says DOT's credit situation would have been visible to OW Bunker management based on the 2013 results.
17 Mar 2015
MPA Looking to Mandate Mass Flow Meters for MGO in Singapore
The MPA said that it is in talks with suppliers to develop a smaller MFM for smaller gas barges.
17 Mar 2015
OW Bunker Trustees to Fight Banks in Court over $71M Claim
Trustees will fight ING and BNP Paribas for receipt of payment on selling OW Bunker oil inventories, over which the banks claim they have a mortgage.
17 Mar 2015
Former DOT Trader Joins Clipper Oil in Singapore
Nic Tan was said to be "a veteran in the bunker industry."
17 Mar 2015
Crude Oil Futures Hit Lowest Levels Seen in 6 Consecutive Years
The bunker buyer is in a great position and it's up to them whether to wait for further falling prices or fix now with less risk.
16 Mar 2015
Norwegian Oil Trading Expands Teams in Singapore and Norway
NOT's new employes were previously at OW Bunker and Cockett Marine Oil.
16 Mar 2015
Mercuria: We are Investing Substantial Resources Into the Bunkering Business
The Swiss energy and commodities trader says it is looking for 20 to 40 bunker fuel specialists to fill positions in Asia, Europe and the United States.
16 Mar 2015
Statoil: Crude Market Contango "Not High Enough" to Use Floating Storage
The company is making money by storing oil to sell at higher prices in the future, but using tankers to store oil at sea is not a viable option at present.
16 Mar 2015
DFDS: Desite Bunker Price Drop, ECA Shippers Still At a Disadvantage to Land Transport
"For a customer using sea freight, there has been no price reduction since September, but for those using land transport there will be a reduction."
16 Mar 2015
Scrubbers "No Solution" to Air Pollution from Ships, says Study
Ecological risks from scrubbers are ignored, while economic benefits are overestimated, says a study.
16 Mar 2015
BIMCO: Dry Bulk to Recover Slightly in Q2, But Rates Will Remain Under $10,000
Dry bulk rates should recover slightly in quarter two, but remain very weak, with Capesize trades likely to fare worst.
16 Mar 2015
Wilhelmsen Ships Service Warns on Potential of Engine Damage from ECA Fuels
The company said that improper management and treatment of low-sulfur distillate fuels could cause significant damage.
16 Mar 2015
Clipper Adds MGO Tanks for Easier ECA Operations
One HFO tank will be converted aboard each of six 30,000 DWT bulk carriers.
16 Mar 2015
"Next Generation" Eco-Ferry to Use Wärtsilä Dual-Fuel Engines
Wärtsilä will supply dual-fuel engines to power a 2,800 passenger RoPax ferry Tallink plans to operate in the Baltic.
16 Mar 2015
"Best Ever February" Bunker Sales Helps Singapore Make Record Start to the Year
Combined bunker sales for the first two months of the year were over 7 million metric tonnes for the first time on record.
16 Mar 2015
Turkey Looks to Grow Domestic Diesel Engine Production
Imports of diesel engines and their components are said to account for around $3 billion of Turkey's annual trade deficit.
13 Mar 2015
Fujairah Fuel Storage Terminal Opens
The new storage facility is said to have capacity for 1.177 million cubic metres of fuel.
13 Mar 2015
India Extends $500M Credit to Mauritius For Bunkering Facility, Petroleum Storage
The two countries also signed five pacts, including one on ocean economy.
13 Mar 2015
Fujairah to See 75% Rise in Tank Storage by 2020
"Some customers think there is a real business for them here," says Royal Vopak EMEA President.
13 Mar 2015
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