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Norden Downgrades 2014 Earnings Forecast by $230M on Weak Dry Cargo Market, Loss Expected
Danish shipper Norden has provided $240 million for onerous dry cargo time charter contracts, blaming a weak market.
11 Dec 2014
Bosphorus Re-Opens to Tanker Traffic After Fog Delays Tankers
The narrow artery for shipping between the Mediterranean and Black Seas was closed for a day due to low visibility.
11 Dec 2014
Finnish Fuel-Saving Generator Promises 20-30% Fuel Savings
Four generators have already been ordered by Sweden's Wallenius Lines.
11 Dec 2014
Institutional Investors Launch OW Bunker Investigation
"The institutional investors behind the investigation have a responsibility to their members," say parties in a joint statement.
11 Dec 2014
Oil Slumps to New 5 Year Low
A sustained soft period for bunker buyers is welcomed, especially in preparation for the new ECA 0.1% fuel oil regulations.
10 Dec 2014
Glander International Bunkering to Open First European Location
The bunkering and lubricant trading & brokering company has acquired Valhalla Marine Sarl, Geneva effective December 1st, 2014.
10 Dec 2014
Total Sells Stake in GTT to Singapore's Temasek
Total has sold its remaining 10.4 percent holding in LNG solutions company GTT to Singapore sovereign wealth fund Temasek.
10 Dec 2014
Certas Energy Hires Ex-OW Bunker Manager for Marine Team
Varun Chhabria was formerly UK Sourcing and Trading Manager at OW Bunker UK.
10 Dec 2014
Danish Minister, Shipowners' Association Push EU for Tough ECA Enforcement
Denmark's Environment Minister and the Director of the Danish Shipowners Association have urged tough enforcement of 2015 ECA rules.
10 Dec 2014
TRIAD and EMP Sign Agreement For Greek Renewable Energy Hub
The two companies will work together to provide solutions to companies looking to reduce emissions and fuel costs.
10 Dec 2014
Ports of Stockholm to Overhaul Discounts for Environmental Shippers
LNG fuelled ships could save 30 percent on port fees, netting hundreds of thousands of dollars per year.
10 Dec 2014
Aegean to "Integrate Much of the Former OW Bunker Operating Infrastructure in Los Angeles"
The supplier confirms it has bought fuel and taken over a terminal lease from OW Bunker, but has not yet said if it will take on any of its staff.
10 Dec 2014
Neste Oil Inks Deal to Supply 0.10%S ECA Compliant Bunkers to Tallink Ferries
"Our capability to produce cleaner traffic solutions now enables us to take foothold also in the marine sector," says Neste Oil.
10 Dec 2014
Nigeria LNG Fends Off OW Bunker-Related Ship Arrest Order
The company sought court protection in New York.
10 Dec 2014
Crude Moves Up from 5 Year Low
But this does not mean that oil prices are ready to rebound back to $100 per barrel.
9 Dec 2014
Aegean Buys OW Bunker's California Fuel Stock in Possible West Coast Expansion Move
Market sources have indicated the move could signal that Aegean intends to expand onto the US West Coast.
9 Dec 2014
Sovcomflot Secures $319 million for New LNG Carriers
"This deal represents a major milestone for the company in 2014," says the group's CFO.
9 Dec 2014
Atlantic Gulf Bunkering Launches 0.10% Sulfur Fuel Oil Product
The product will be offered for delivery in U.S. Gulf Coast ports from Friday, says AGB.
9 Dec 2014
Bomin Linde Signs LNG Bunker Supply Deal
"This...is a further step along the path towards establishing LNG as a marine fuel in Germany," says Bomin Linde Managing Director Ruben Benders.
9 Dec 2014
MGO Demand Up in St. Petersburg as LSFO Orders Fall Off
Buyers seek supplies of MGO in St. Petersburg as LSFO orders dwindle ahead of 2015 rules.
9 Dec 2014
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