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Home » News » Asia & Oceania News - November 2014


Asia & Oceania News - November 2014

Singapore: lowest 380 cSt monthly average since October 2010
28 Nov 2014 11:04 GMT
Singapore's best-selling fuel grade falls $30 in November and is down $106 in two months.

First LNG-ready ultra-large container ship is named
28 Nov 2014 09:53 GMT
Naming ceremony held for the first of 17 ships being built for United Arab Shipping Company (UASC).

Text messages between CEOs of OW and Dynamic Oil Trading days before collapse
28 Nov 2014 00:02 GMT
Dynamic Oil Trading's CEO is asked questions about Tankoil's debt and told 'it is also important that you keep a close track of these balances'.

Island Oil hires Trading and Operations Officer in Dubai
25 Nov 2014 14:48 GMT
New appointment has eight years' experience in the shipping industry and previously worked as a chartering broker.

Island Oil appoints Head of Trading in Dubai
25 Nov 2014 12:10 GMT
Former London-based manager heads Island Oil's trading team in the United Arab Emirates.

OW's CEO accuses three Dynamic Oil Trading staff of not reporting huge credit
24 Nov 2014 02:15 GMT
Lawyer of Dynamic Oil Trading director claims senior management ought to have been 'fully aware' of the situation.

MPA makes changes to Bunker Oil Pollution Convention (BCC) Certificate
21 Nov 2014 14:12 GMT
Maritime and Port Authority of Singapore (MPA) confirms changes to some of the statutory certificates.

DNV GL signs agreement with N-KOM on LNG and gas solutions projects
21 Nov 2014 10:13 GMT
Companies to cooperate on the development of bunker barges, coolant barges for temporary gas storage and the promotion of LNG as fuel in the offshore sector.

BMS United Bunkers names new managing director for Asia
19 Nov 2014 16:55 GMT
George Kounalakis will be responsible for the firm's offices in mainland China, Hong Kong, Indonesia and Singapore.

Dynamic Oil Trading Singapore files for liquidation
19 Nov 2014 12:31 GMT
OW Bunker subsidiary files for liquidation. KPMG appointed as provisional liquidator.

Propulsion contract for Middle East's first LNG-powered harbour tug
18 Nov 2014 16:40 GMT
Tug is the first of nine vessels to be built and operated by Drydocks World.

OW Bunker bankruptcy update
18 Nov 2014 12:10 GMT
Update on bankruptcy proceedings relating to subsidiaries of OW Bunker.

Singapore: month-on-month sales up, year-on-year volumes down
17 Nov 2014 17:38 GMT
Bunker sales in October were 2 percent higher than the previous month but 4.9 percent lower than in October 2013.

SSA meeting: 'No disruption' to bunkering in Singapore
17 Nov 2014 08:25 GMT
Meeting with companies from the Singapore Shipping Association (SSA) is said to have established that there had been no report of disruption to bunkering in Singapore.

New trader at Dan-Bunkering Singapore
14 Nov 2014 16:35 GMT
Desmond Yap previously worked in Singapore's finance sector and studied at the University of Queensland.

Andatee posts rise in Q3 net income
14 Nov 2014 15:36 GMT
Chinese bunker supplier recorded an increase in sales of 65,209 tonnes compared to last year.

The OW Bunker claims list: $21.5m, 9 claims and counting
13 Nov 2014 16:23 GMT
Seven companies are said to have made nine claims in Singapore's courts over the last few days - $10.7 million against OW Bunker Far East and $10.8 million against Dynamic Oil Trading.

MPA: There will be 'minimal disruption' to bunkering in Singapore
12 Nov 2014 10:31 GMT
Port authority confirms that it is working with the bunker industry and industry associations to mitigate any potential impact on bunkering in Singapore.

IBIA offers support in wake of OW Bunker collapse
12 Nov 2014 08:26 GMT
Association says it will be taking part in dialogue sessions led by the Maritime and Port Authority of Singapore (MPA) and is offering career support to those who have lost their jobs.

Hin Leong seeks $1.3 million from OW Bunker Far East
11 Nov 2014 17:55 GMT
Oil trader prepares lawsuit against OW Bunker subsidiary.

Wartsila dual-fuel engines to power icebreaking LNG carriers
11 Nov 2014 12:03 GMT
Vessels are due to be used to serve the Yamal LNG project in Northern Russia.

GAC launches 24x7 help desk service
10 Nov 2014 18:31 GMT
'It's yet another example of how we strive to deliver our clients' strategies,' says IT service delivery manager.

Dynamic Oil Trading's CEO warned clients about fraud five months ago
10 Nov 2014 10:57 GMT
Møller: 'Our customers can have total confidence in the security of the fuel supply chain and that their exposure to fraud is minimised.'

Glander International Bunkering hires ex-derivatives market maker
07 Nov 2014 11:51 GMT
Glander says new addition 'brings new aptitude' to the firm.

IBIA to offer first Singapore MPA-accredited mass flow meter course
07 Nov 2014 11:10 GMT
MPA-accredited course is due to be held later this month in Singapore.

OW Bunker announces $125m 'fraud', additional 'significant' loss and sacking
06 Nov 2014 01:30 GMT
Bunker firm reports 'fraud' by senior employees in Singapore, a 'significant risk management loss' and the dismissal of its Head of Risk Management.

Singapore MGO vs ICE Gas Oil
05 Nov 2014 14:08 GMT
Analysis of Singapore marine gas oil (MGO) and ICE Gas Oil prices.

Global Vision Bunkers appoints trader in Singapore
05 Nov 2014 11:07 GMT
New appointment has previously worked as a bunker trader in Singapore and as a marine fuels and lubricants buyer in Singapore and China.

Fujairah records lowest 380 cSt average in 46 months
04 Nov 2014 08:26 GMT
380 cSt monthly average declines by 13.8 percent to lowest level since December 2010.

Reduced visibility in Singapore
03 Nov 2014 11:58 GMT
Visibility warning and haze alert issued at the world's leading bunker port.

Dan-Bunkering trader moves to Singapore, earns promotion
03 Nov 2014 10:36 GMT
Kasper B�kkegaard Christiansen is promoted to the role of Bunker Trader and Team Leader.



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