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News Archive

VPS issues flash point distillate alert for New York
17 Aug 2018
Bunker warning is second this month for the US east coast port.

Viking Line's bunker costs rise 3.6% in H1
17 Aug 2018
Finnish ferry operator spent EUR 24.1m on bunker fuel during the first half of the year.

Global Risk Management hires former Geos trader
17 Aug 2018
Alexander Black appointed as oil derivatives trader at the firm's internal trading desk, Unitrading.

Maersk profitability 'significantly impacted' by higher bunker costs
17 Aug 2018
EBITDA negatively affected by bunker price increases not being recovered via freight rates.

Oil and fuel oil hedging market update
17 Aug 2017
By the Oil Desk at Freight Investor Services.

Coming up: oil rig count, US production data and meeting between US and China
17 Aug 2018
By A/S Global Risk Management.

Done in a month: Mercuria takes 30% stake in Aegean as refinancing transaction is agreed
16 Aug 2018
Mercuria still also has the exclusive right to pursue a broader strategic partnership until January 31, 2019.

Higher bunker prices add EUR 4.1m to operating costs: Containerships Plc
16 Aug 2018
EBIT 'particularly affected' by increased fuel costs, says CEO... but it still managed to grow 45.2% in H1.

Torm to install scrubbers on 14 ships in new initiative
16 Aug 2018
Covers 10 ships due for delivery up until Q1 2020 plus vessels delivered earlier this year.

Earnings growth dampened by lag in recovery of higher bunker costs: DFDS
16 Aug 2018
Danish firm still manages 8.7% rise in EBITDA and $62m net profit.

Oil and fuel oil hedging market update
16 Aug 2018
By the Oil Desk at Freight Investor Services.

Brent closed at around four-month low yesterday
16 Aug 2018
By A/S Global Risk Management.

Rolls-Royce launches new battery system for ships
15 Aug 2018
Energy storage unit can be combined with an LNG or diesel-powered engine in a hybrid set-up.

GulfNav prepares fleet for sulphur cap with scrubber installations
15 Aug 2018
Says upgrades will add a competitive advantage, enable it to achieve higher profits and offer better prices.

Norden to install 26 scrubbers, with option for additional five
15 Aug 2018
Total costs estimated at $54m, with $41m capex forecast for 2018-2020.

Oil and fuel oil hedging market update
15 Aug 2018
By the Oil Desk at Freight Investor Services.

Oil prices struggling to gain strength, intraday volatility continues
15 Aug 2018
By A/S Global Risk Management.

Suphur cap and MFMs covered in Brightoil's ESG report
14 Aug 2018
Discusses 'great opportunities' for its fuel-efficient VLCCs and the benefits of MFM procedures.

ExxonMobil becomes 'first' to offer MFM bunker deliveries in ARA region
14 Aug 2018
ECA-compliant ExxonMobil Premium HDME 50 now available via MFM.

Commercial product margin up 41.5% 'primarily' due to increased bunker activity: Global Partners
14 Aug 2018
Commercial arm's product margin jumped to $5.8m in Q2 - mainly thanks to marine fuel sales.

Oil and fuel oil hedging market update
14 Aug 2018
By the Oil Desk at Freight Investor Services.

Uncertainty looming in the oil market
14 Aug 2018
By A/S Global Risk Management.

Aegean Marine gets extra 90 days to avoid note default
14 Aug 2018
Agrees to pay additional 0.5% on next interest payment... but gives 'no assurance' that the issue will be resolved in time.

Bunker-saving air lubrication system 'exceeds expectations' in trials
13 Aug 2018
Silverstream System is said to have demonstrated net efficiency improvements of more than five percent.

Singapore six-month bunker sales drop below 25m tonnes for first time in a year
13 Aug 2018
Sales of just under 24.8m tonnes between February and July are the lowest since March 2017.

Singapore bunker sales fall 8.1% YoY to second-lowest level in nine months
13 Aug 2018
Overall sales for 2018 are now just 0.2 percent higher than last year.

Sing Fuels appoints finance and operations director
13 Aug 2018
Krish Srinivasan will head the firm's global finance and operations team from Singapore.

Oil and fuel oil hedging market update
13 Aug 2018
By the Oil Desk at Freight Investor Services.

Oil rather stable this morning as oil supply seems not to be scarce
13 Aug 2018
By A/S Global Risk Management.

Wallenius opts for 'balanced' 2020 strategy with low-sulphur fuels and scrubbers
10 Aug 2018
Scrubber retrofits on 20 ships... but some set to miss IMO deadline with installations due to continue until 2022.

Hapag to test scrubbers and LNG in pilot projects
10 Aug 2018
One ship to be converted to LNG; two to run on scrubbers during tests.

Hapag sees bunker use climb 0.5m tonnes as average fuel price soars $73
10 Aug 2018
Shipper consumed 2.2m tonnes of fuel in H1; average bunker price was 23.4% higher than last year.

Oil and fuel oil hedging market update
10 Aug 2018
By the Oil Desk at Freight Investor Services.

NCL posts 9.9% rise in bunker costs as Q2 earnings climb to $226.7m
10 Aug 2018
Net income grows 14.2%; average bunker price up $12 to $481.

Coming up: IEA report and oil rig count, expect volatility
10 Aug 2018
By A/S Global Risk Management.

Mexico's Enestas joins SEA\LNG coalition
09 Aug 2018
Membership now stands at 34 organisations.

DHT expects to spend $55m on 12 scrubber retrofits
09 Aug 2018
'Confident' it will be able to finance most of the project; further scrubber installations not discounted.

Aegean announces three senior appointments and new management committee
09 Aug 2018
Names new COO, CFO and Global Director of Supply and Trading; former COO and CFO leave firm.

LQM acquires Ches Bunker Services, relocates Texas office
09 Aug 2018
CEO: Deal 'reinforces our already strong brokerage presence in the Texas and US Gulf region'.

Oil and fuel oil hedging market update
09 Aug 2018
By the Oil Desk at Freight Investor Services.

Tallink cites higher bunker costs as key reason for lower results
09 Aug 2018
Financial results were 'significantly impacted' by the increase in fuel prices, says CEO.

Oil dropped 2-3% yesterday on trade war fears, smaller-than-expected crude stock draw
09 Aug 2018
By A/S Global Risk Management.

Navig8 takes delivery of LR2 tanker fitted with scrubber system
08 Aug 2018
First of eight newbuilds to have exhaust gas cleaning system installed.

Sales agent for Enginei fuel management system appointed in Thailand
08 Aug 2018
Siam Mechanical Engineering to provide sales and aftermarket technical support.

Bunker Holding sees 'controlled growth' as preferred long-term strategy
08 Aug 2018
CEO Keld Demant discusses the group's master plan for 2020 and beyond.

Oil and fuel oil hedging market update
08 Aug 2018
By the Oil Desk at Freight Investor Services.

Will Brent continue its bullish momentum?
08 Aug 2018
By A/S Global Risk Management.

Eagle Bulk swings into profit despite higher bunker prices driving up voyage costs
08 Aug 2018
CEO says business model has now been validated over six consecutive quarters.

Monjasa applauds Singapore GM for 10-year anniversary
07 Aug 2018
Morten Jacobsen praised for role played in development of Singapore branch.

PSC regimes release inspection checklist with bunker-related questions
07 Aug 2018
Checklist for the upcoming concentrated inspection campaign features 11 questions.

Oil and fuel oil hedging market update
07 Aug 2018
By the Oil Desk at Freight Investor Services.

Bunker industry veteran Neil Lamerton joins Sea Oil
07 Aug 2018
Move will see Lamerton's broking business, Oceanic Energy, trade under the name Sea Oil.

Oil slightly up after unexpected drop in Saudi Arabian oil production
07 Aug 2018
By A/S Global Risk Management.

MARS flags up oiler death to highlight dangers of waxy deposits from LSMGO in low temperatures
06 Aug 2018
Offers advice on how to control the buildup of waxy residue in a vessel's fuel lines.

USCG examines lessons to learn from fire involving ruptured fuel hose
06 Aug 2018
Heat from the turbocharger components was deemed to have likely led to the degradation of the rubberized hoses nearby.

Turning point for crude price if production exceeds demand
06 Aug 2018
By A/S Global Risk Management.

Oil and fuel oil hedging market update
06 Aug 2018
By the Oil Desk at Freight Investor Services.

Oil and fuel oil hedging market update
03 Aug 2018
By the Oil Desk at Freight Investor Services.

LNG the silver lining as Rotterdam posts lowest quarterly bunker sales of the 2010s
03 Aug 2018
LNG volume soars 78% as combined bunker and lube sales fall below 2.4m cbm for first time this decade.

Brent slightly up after yesterday's intraday drop to just below $72
03 Aug 2018
By A/S Global Risk Management.

Australia Bunkering appoints trader as Nick Bond vacates position
03 Aug 2018
George Keldoulis joins the Sydney-based bunker firm.

Bunker-saving MT-FAST reaches 500-ship milestone
03 Aug 2018
Device is estimated to have saved 447,000 tonnes of fuel since 2008.

MoU signed to discuss LNG bunker business in western Japan
03 Aug 2018
NYK Line, Kyushu Electric Power, Saibu Gas and Chugoku Electric Power ink non-binding agreement.

Clipper Oil expands physical bunker operation in Pacific Northwest
03 Aug 2018
Announces new collaboration with truck supplier Jubitz Fleet Services.

Amsterdam doubles top discount for ESI ships that bunker LNG
02 Aug 2018
New port dues incentive is designed to encourage more use of the gas fuel.

K Line ship arrives at Oskarshamn after bunker spill
02 Aug 2018
Vehicle carrier towed to safe location after leaking fuel oil during refloating on July 29.

Tariff talks back on the table
02 Aug 2018
By A/S Global Risk Management.

Oil and fuel oil hedging market update
02 Aug 2018
By the Oil Desk at Freight Investor Services.

Finnlines announces bunker surcharge for Malmo-Travemunde route
02 Aug 2018
Baltic operator notes that its bunker fees have risen since the recent increase in fuel prices.

'Case closed': Finnlines' EUR 2.76m claim against bunker firm OMB dismissed
02 Aug 2018
Court of Appeal rejects ferry operator's demand for compensation.

Brightoil provides update on business operations and independent review
01 Aug 2018
Business update covers e-commerce, sulphur cap, bunker buying and Zhoushan project.

Oil and fuel oil hedging market update
01 Aug 2018
By the Oil Desk at Freight Investor Services.

Liberty Marine adds 'Fuels' to name and new managing partner
01 Aug 2018
Rune Pejtersen joins broking firm, which is rebranded as Liberty Marine Fuels.

VPS flags up highly abrasive fuels in New York
01 Aug 2018
It is the fifth abrasive fuel warning to be issued by VPS this year.

Sudden price drop
01 Aug 2018
By A/S Global Risk Management.

NYK pays 21% more for bunkers in Q1, posts losses
01 Aug 2018
Adjusts full-year bunker price forecast upwards.

K Line cites higher bunker costs as key reason for $173m loss
31 Jul 2018
Average bunker price paid jumped 27 percent in Q1.

Iino Lines posts profit growth; average bunker price jumps 21.7% YoY
31 Jul 2018
Q2 price prediction revised upwards by $50 compared to April forecast.

Oil and fuel oil hedging market update
31 Jul 2018
By the Oil Desk at Freight Investor Services.

ONE records $120m loss as average fuel price is $24 higher than expected
31 Jul 2018
Boxship firm now predicting a $61 QoQ leap in marine fuel prices for the next three-month period.



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