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Bunker

Read all the latest news about Bunker. ShippingWatch gives you independent, credible, critical and fair news.

Media: Dan-Bunkering owner hires security guards

In an interview with media Fyens.dk, USTC owner Torben Østergaard-Nielsen comments on the case concerning Dan-Bunkering's delivery of fuel which was later used in the Syrian civil war. The businessman has had to hire private security guards.

Bunker supplier temporarily banned from world's biggest port

Port authorities have temporarily banned a bunker supplier from operating in the world's biggest bunker port following inspection. According to the inspection firm, the ban is due to the use of magnets to affect mass flow meters, writes Ship & Bunker.

Chairman takes over as CEO of Minerva Bunkering

The former chairman, Tyler Baron, takes over as new chief executive of the former Aegean Marine Petroleum, which has now changed its name to Minerva Bunkering. He previously headed the group of critical shareholders.

Bunker Holding boosts its credit ahead of 2020

Bunker Holding has secured a new and large credit facility with its banks ahead of 2020. "We're not aware of any other bunker company having a credit facility of this scope in place," CEO tells ShippingWatch.

Brightoil's chairman declared bankrupt

The chairman of struggling Brightoil Petroleum has stepped down after a court declared him bankrupt. The now-former chairman guaranteed for part of the company's debt.

New license to combat bunker problems in Rotterdam

The Dutch shipowners have for years been working to introduce a new licensing scheme in order to resolve the bunker problems in Rotterdam. Suppliers, meanwhile, say that shipping companies also carry some of the responsibility.

Rotterdam is concerned about reports of bunker problems

The Port of Rotterdam is considering mass flow meters as one of several measures to combat bunker problems, says a spokesperson from the port after several shipping companies told ShippingWatch that they are experiencing problems with undersupply.

Carriers frustrated by bunker problems in Rotterdam

Several shipping companies are experiencing problems when they tank fuel for their ships in Rotterdam. One company is now considering taking matters into its own hands with an unconventional proposal for its suppliers.

Monjasa's profit dropped slightly in 2018

Profit decreased slightly for Monjasa, though the company can be pleased that volumes grew in 2018. Owner and founder Anders Østergaard is pleased with two new credit agreements for the bunker company.

Shippers far from agree on support for added sulfur charge

Several of the world's largest shipping lines, such as Hapag-Lloyd and Maersk, say that customers seem to accept the extra cost of low-sulfur fuel oil. ShippingWatch has spoken to one of the world's largest shippers, which far from agrees.

Bomin hit by new accusations of dirty bunker

German bunker company Bomin has been hit with two new accusations concerning contaminated bunker. In one case, a company claims that Bomin knew the bunker oil was contaminated even prior to delivery.

Brightoil's debt close to USD 2 billion

Bunker carrier Brightoil has debts totaling slightly less than USD 2 billion, including creditor claims of USD 250 million. The company has now requested a moratorium from a court to buy it more time to find a solution.

ING Bank looks like the winner in OW Bunker cases

All signs indicate that ING Bank will be the big winner in the legal aftermath of OW Bunker in the US. Four appeals courts have now reached the same decision: the physical supplier cannot collect unpaid bunker bills.

Bunker company's bankruptcy affects Cosco

A bunker subsidiary in Cosco Shipping International has been involved in the bankruptcy of bunker company Coastal Oil Singapore. But the claims against the company are not genuine, says Cosco.

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