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Collapsing Oil Prices May Mean Less Ship Scrapping

Owners and operators may be tempted to keep aging ships around to to take advantage of cheaper bunkers.

8 Jan 2015

DP World to Double Investments on Falling Oil Price

DP World will increase capacity as it predicts low oil prices will stimulate world trade to the benefit of the shipping industry.

7 Jan 2015

Vopak Horizon Fujairah Adding Capacity

Five new crude oil storage tanks will add 478,000 cbm, bringing the facility's total to 2.6 million cbm.

30 Dec 2013

New Oil Terminal, Blending Facility Planned for South Africa

Companies involved in the project say it could turn Saldanha Bay into a global crude transshipment hub.

11 Sep 2013

Oiltanking Sells 45% of Singapore Storage Terminal

The company said the deal with Macquarie Capital brings more financial flexibility to the facility.

14 Aug 2013

Brightoil Zhoushan Oil Storage Project Begins

The company has signed a contract for construction of the facility, with plans to complete it by late 2014.

19 Jun 2013

DNV: Capture of up to 65% of CO2 "Technically Feasible"

The new technology uses chemical absorption to separate CO2 from flue gasses.

13 Feb 2013

Brightoil Looks to Expand Bunker Business

Chairman says costs for bunkering operations will be "on par" with Singapore, and the company will be more competitive in China.

3 Dec 2012

Phillips 66 To Sell New York Marine Terminal to United Refining

United Refining says it was not making public what it inteds to do with the terminal.

10 Oct 2012

Indian Tankers Granted Insurance to Carry Iranian Oil

United India Insurance Co., has agreed to provide Protection and Indemnity (P&I) coverage to Indian tankers carrying oil from Iran.

10 Jul 2012

Malaysia-Singapore Oil Operations Could "Be Bigger than Rotterdam"

Dialog Group says Pengerang terminal has a greater potential than originally anticipated and Malaysia and Singapore could form an ARA like hub.

6 Jun 2012

Malaysia's ATB Terminal gets First Fuel Oil Cargo

ATB oil terminal now offering 'new storage and logistics opportunities in the Singapore region.'

13 Apr 2012