Bunker fuels supplier Monjasa has opened a new office in Ho Chi Minh City, Vietnam.

Cosco Shipping International has warned of a significant decrease in revenue amid an alleged fraud involving debts owed by its indirect wholly-owned subsidiary to embattled bunker supplier Coastal Oil Singapore.

Bunker One, the physical fuel supply arm of Bunker Holding Group, has expanded into Germany to service all ports at the German North Sea and Baltic Sea regions with bases in Rostock, Kiel and Hamburg.

The bunker trader is facing a diminishing role in an evolving business landscape where ship operators are increasingly looking to secure supplies directly cutting out the intermediaries.

Marine fuels supplier Peninsula Petroleum has started physical supply operations in Spain’s Barcelona port, utilising the 7,500-dwt bunker tanker Alliance Spirit.

India’s bunker supplier Matrix Bharat has commenced physical bunker supply operations in Mumbai port and Jawahar Dweep, an island off the southeastern coast of Mumbai.

Malaysian domestic line PDZ Holdings has revealed that it owes approximately $851,971.79 in bunker bills to fuel suppliers related to its feeder boxship PDZ Mewah, which has been impounded last month.

The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licences of AC Oil with effect from 29 July 2016.

The Singapore authorities have struck off another two bunker suppliers for breaching the terms of their licenses.