Danish court names Monjasa as bunker company in fraud caseIn September the court of Kolding fined Monjasa and gave co-founder and then CEO Jan Jacobsen a prison sentence.
NWE fuel oil barges rise from six-month low on strong demand, poor supplyAttractive premiums in Asia led traders to fix five VLCCs to load this month from Rotterdam to Singapore.
FEATURE: Bunker industry sees fragmented, complex market after 2020"Will we all be using the same 0.5% sulfur fuel? No, we won't. The shipping industry, if it doesn't have a policeman, will do whatever is cheapest."
New Orleans IFO 380 CST, MGO hit highest levels since July 2015New Orleans bunker fuel prices on Thursday reached their highest levels since July 2015 outpacing the movements of their respective underlying products, after the market experienced residual effects from the recently announced OPEC deal.
Denmark's Maersk Line to acquire Hamburg SudDeal expected to be completed by end-2017, subject to final agreement and regulatory approval