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OW Bunker Unit Taken Over by Newly Created Company

Alba Tanker ApS will take over OW Tanker.

India's Reliance Begins Singapore Bunker Trading Operation

Indian oil firm Reliance Insustries Ltd. has begun trading fuel oil in Singapore, targeting Southeast Asian and Australian markets.

EU Considering Legal Action Against Countries Who Haven't Enacted Sulfur Rules

Belgium, Spain, Cyprus and Hungary have been singled out by the EU.

Singpore-Headquartered UniMarine Expands into Greece

Lubricants supplier UniMarine has opened a new South Europe and Mediterranean office in Piraeus, Greece.

MGO Demand Up in NW Europe as ECA Rule Change Looms

Traders in Rotterdam and Hamburg are seeing increased demand for MGO as shippers look for ECA compliant fuel.

Lloyd's Register Releases Standards for Vessel LNG Readiness

The standards will have six classifications.

Singapore's Horizon Adds New Bunker Saving Vessels

Horizon Ferries has begun operating three new bunker saving ferries on popular Singapore to Batam route.

Skuld Warns on MGO, HFO Fuel Switchover Procedures for 2015 ECA Compliance

California, which has had 0.10 percent regulations since the beginning of 2014, has had problems with ships losing propulsion power.

PWC, ING Agree Way Forward on OW Bunker Assets

Receivers for bankrupt OW Bunker, PwC, have agreed a way forward with ING which one trustee says will "enhance recoveries" for unsecured creditors.

Dan-Bunkering and Endofa's Oleum Physical Supply Venture Comes to an End in WAF

Endofa says it has now returned to its core business, and will remain active in both the IFO and MGO market in WAF going forward.

Industry Insight: ECA Regulations - How to Comply and Remain Competitive

Industry Insight: ECA Regulations - How to Comply and Remain Competitive

The regulations will introduce further uncertainty into a market that is suffering from overcapacity and depressed demand.

Aegean Says Its OW Bunker Exposure is $7.8m

Aegean has said its exposure to OW Bunker is much lower than recent reports have suggested and it intends to fully recover the amounts.

DNV GL Releases Guide on 2015 ECA Compliance

DNV GL warned that the fuel changeover process from HFO to MGO may be more involved than some shipowners realize.

Falling Bunker Prices Save Shippers $117M Per Day

BIMCO says shippers are saving $117 million per day compared to the position as at June 1, 2014, as a result of falling prices.

Zim Posts Further Loss, But Gross Profit Margins Up

The Israeli shipper is underway with a five year restructuring plan, which will help it "cope with its challenging financial position."

U.S. EPA May Raise ECA Fines to $38,000 per Day: Sources

Sources say the fines are set to increase from the current $25,000 per day.

ECSA Raises Concerns Over IMO CO2 Monitoring Rules

The organisation said that there are issues of data reliability and confidentiality.

Los Angeles-Long Beach Bunker Volumes Grow 33%

The port complex hit 1 million barrels of fuel for the sixth consecutive month.

WTI Hits Four Year Low

Speculators are trying to signal to OPEC that if they do not reduce production they will continue to penalize them with lower prices.

Double Hire for Island Oil in Dubai

Ali Adil has been hired as Head of Trading, while Fayez Osman joins as Trading and Operations Officer.

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