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WTI and Brent Prices Continue Down
Bunker buyers will have better leverage to book stems five to seven days from ETA.
11 Feb 2015
ESAI Energy: Oil Glut Will Last Until 2018
"Absent unexpected supply interruptions, a rebalancing of the market will be a slow process," says ESAI Energy Prinicipal.
11 Feb 2015
U.S. Uptake of 0.1%S ULSFO Remains Low
"Prices have fallen so much that, unless Brent hits $100/bbl again, the vast majority of buyers will most likely stick with diesel," says veteran trader.
11 Feb 2015
Vitol: Oil Stocks Will Dramatically Rise In Near Future
Higher supply is expected to be fueled by U.S. shale gas production
11 Feb 2015
Dry Bulk Carriers Join Forces to Save Bunker Costs, Tackle "Competitive and Fragmented" Capesize Market
Capesize Chartering will coordinate the resources of its member companies which hope, in particular, to reduce bunker consumption and other costs.
11 Feb 2015
LNG Bunkers are Win-Win In the Long Term, Says European Operator
United European Car Carriers said that LNG ships are a good choice considering vessels operate for 25-30 years.
11 Feb 2015
IBIA: Bunker Quality is Improving
Early results for 2015 show 8 percent off-spec. bunkers compared with 10 percent last year.
11 Feb 2015
Mega-containerships Could Be "Nightmares" For Insurers
Larger containerships are at larger risk of disastrous accidents, which may lead to billions in losses.
11 Feb 2015
Iran: Fuel Oil Revenue Up 30% Despite Sanctions
Iran earned $1.35 billion on sales of 3 million tonnes of fuel oil in the 10 months to January 21, 2015, official claim.
11 Feb 2015
Glander International Bunkering Hires Another Trader in Dubai
Carina Baekkegaard will be a senior bunker and lubricant trader.
11 Feb 2015
Crude Prices Retreat
Bunker buyers right now need to buy as needed and not worry about market direction until a clear trend reveals itself.
10 Feb 2015
German Bank to Provide DFDS With €50M Funding for Scrubbers
The funding comes from KfW IPEX-Bank to install scrubbers aboard 20 ferries.
10 Feb 2015
Stena Line Ferry Collides With Bunker Barge
Several crossings have been cancelled after the ferry sustained damage but no bunker spill has been reported.
10 Feb 2015
Harvey Gulf Claims First North American LNG Bunkering of OSV
CEO says "historic" bunkering demonstrates "Harvey Gulf's commitment to their customers and the environment."
10 Feb 2015
Industry Insight: The Shipping Industry's Response to ECA 2015
Industry Insight: The Shipping Industry's Response to ECA 2015
Operators have had to balance multiple compliance options with the need to balance long term and short term considerations.
10 Feb 2015
Maltese Players Protest WFS Exclusive Storage Deal, Officials Say They Were Unable to Tender Local Companies
Local companies argue there should have been a tender process, but local players were not suitable, says Energy Minister.
10 Feb 2015
KPMG Singapore, PwC Sign Agreement to "Maximise Recovery" of OW Bunker Receivables
KPMG Singapore, PwC Sign Agreement to "Maximise Recovery" of OW Bunker Receivables
The firms Friday agreed a plan for the "prompt collection" OW Bunker Far East's receivables in order to pay creditors owed $330 million.
10 Feb 2015
Singapore Bunker Trader Hit by OW Bunker Collapse to Exit in H2
Opet Singapore suffered from exposure to OW Bunker
10 Feb 2015
Tanker Over-ordering "Will Prove The Sector's Ruin"
"The short term outlook remains very positive with modest fleet supply growth and strong cargo demand anticipated for 2015," says Drewry, however.
10 Feb 2015
Aegean Launches Marketing And Trading Division
The new division will have offices in Piraeus, Singapore, Hamburg and St Petersburg.
10 Feb 2015
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