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News Archive

More ships can achieve 'six-figure' fuel savings with new frame size for turbocharging solution: ABB
26 May 2017
ABB says new frame size for Power2 800-M will allow more vessel types to save fuel.

New supply chain development sees first LNG STS transfer in the Philippines
26 May 2017
Business model seen as a solution for developing markets to gain access to LNG volumes, reducing barriers to market entry.

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

Stolt-Nielsen orders two dual-fuel ships, with options for another three
26 May 2017
Vessels will be capable of running on distillates or LNG and built for ship-to-ship bunkering.

Crude oil prices fall almost 5% despite extension of OPEC/non-OPEC production cuts
26 May 2017
By A/S Global Risk Management.

Gulf Petrochem launches Russia and Baltic trading desk
26 May 2017
Desk headed by former Gazpromneft Marine Bunker sales manager, Boris Kuftyrev.

Titan LNG doubles speed of bunker deliveries in Amsterdam
25 May 2017
Supplier uses 'T-piece' to combine the flow of fuel from two trucks into one bunkering hose.

Lukoil 'ready' with cylinder oil for distillates and low-sulphur hydrocarbon blends
25 May 2017
NAVIGO MCL Extra replaces NAVIGO 40 MCL.

Aegean announces plan to cut annual operating costs by $20 million
25 May 2017
Majority of cost reductions to be implemented in H2, Aegean says.

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

Osaka Gas to supply Japan's first LNG-fuelled tug in 2019
25 May 2017
MOL-owned tug has been slated for construction at Kanagawa Dockyard.

OPEC meeting in Vienna today - what will it do for oil prices today and in the future?
25 May 2017
By A/S Global Risk Management.

Aegean Marine Petroleum's share price plummets more than 30%
24 Mar 2017
Stifel calls Q1 results 'one of the worst quarters in the company's history'.

Strict regs will put short-term compliance methods into the 'too hard' basket: Purio
24 May 2017
LNG Marine Fuel Institute CEO sees vessel docking for conversion to LNG as a key challenge.

Shipping 'not on track' to meet 2025 fuel efficiency target: IEA
24 May 2017
IEA recommends measures to help improve the fuel efficiency of ships.

Aegean posts 88.1% drop in net income despite rise in revenue, sales volume
24 May 2017
CEO says results 'do not reflect the overall strength of our business' as company pursues 'more asset-light model'.

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

The day before the day
24 May 2017
By A/S Global Risk Management.

First Europe-built LNG bunker vessel christened in ceremony
23 May 2017
The Coralius was named in a ceremony held on May 22.

World Fuel Services heads to Nor-Shipping
23 May 2017
WFS to showcase its fuel and lubricant solutions, host special events and emphasize topics covered in its white papers.

SHI wins order to build LNG bunkering vessel
23 May 2017
7,500-cbm vessel to be built for Korea Gas Corporation (Kogas).

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

Focus remains on global oil stocks and OPEC meeting
23 May 2017
By A/S Global Risk Management.

Fuel-efficient 'Lunch Box' christened for New York's first city-wide ferry system in over 100 years
23 May 2017
First vessel of new ferry fleet was named by students.

Monjasa reports upturn following challenging 2016
22 May 2017
Bunker firm posts positive net results for the first quarter.

LNG-fuelled car carrier joins UECC fleet
22 May 2017
The Auto Energy is able to run on LNG, HFO and MGO.

A week of long-awaited announcements
22 May 2017
By A/S Global Risk Management.

ITIC and ASG launch new surveyors' indemnity wording
22 May 2017
New wording is designed to 'address the imbalance between owners' and surveyors' responsibilities'.

Wartsila MSAR fuel LONO expected in May: Quadrise
22 May 2017
Quadrise says LONO from Wartsila will help support its business development activities.

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

ME-GIE engine passes gas trials on ethane, opens door for new applications
19 May 2017
Engine can run on almost any form of waste gas, including light hydrocarbons or VOCs emitted from crude oil.

Wartsila awarded Weidong Ferry scrubber contract
19 May 2017
Ro-pax ferry to be supplied with two open-loop V-SOx scrubbers.

LNG bunker supply service announced in Quebec
19 May 2017
Natural gas supplier Gaz Metro to make LNG available to shipowners calling at Montreal.

Oil around 1-month high as focus turns to production cut agreement
19 May 2017
By A/S Global Risk Management.

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

LiqTech wins $399k order for scrubber water treatment system
19 May 2017
Danish firm notes rise in customer interest since the announcement of the 2020 sulphur cap.

Matrix Bharat launches bunker supply operation in Mumbai and Jawahar Dweep
18 May 2017
Mumbai service to focus on supplying ships at the port's Outer Port Limits (OPL).

Teekay expects OPEC cuts, oil demand growth to support mid-sized tanker rates
18 May 2017
U.S. crude volumes are increasingly moving to Asia and Europe, which is supportive of mid-sized tanker demand.

EMP client signs MoU to monitor fuel consumption, calculate emissions
18 May 2017
ClassNK-approved Furukawa batteries to be used in marine solar power project for first time.

Oil prices remain in tight trading range ahead of OPEC meeting
18 May 2017
By A/S Global Risk Management.

Petronas, Gas4Sea sign MoU to promote LNG as preferred marine fuel
18 May 2017
Parties to explore ways to collaborate and identify potential LNG bunkering opportunities.

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

New bunker supplier to launch physical operation in Houston and Galveston
18 May 2017
GCC Bunkers focused on supplying ECA fuels and providing compliance solutions for 2020 regulations.

'First ever' bunker barge delivery performed in Paradip
17 May 2017
Maiden delivery arranged by Gulf Petrochem in partnership with supplier Indian Oil Corporation.

Parker Kittiwake launches 'definitive guide to fuel and lube oil'
17 May 2017
Manual provides guidance on selection, purchase, use, and monitoring of fuels and lubes.

Maersk Fluid Technology welcomes growing demand for blending-on-board system
17 May 2017
Firm says influx of orders confirms operator demand to blend cylinder lubricant compositions that match actual engine operating conditions and fuel sulphur levels.

Finnlines aims to slash bunker costs with new vessel-lengthening initiative
17 May 2017
Ferry firm looks to the future with Energy Efficiency and Emission Reduction Investment Programme.

Oil prices drop as US stockpiles surprisingly build
17 May 2017
By A/S Global Risk Management.

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

Genoil presents 'compelling economics' for LSFO production unit
17 May 2017
Engineering firm says a $30m investment could achieve payback in less than three months.

Landmark bunker barge delivery to a non-cruise ship in Malaga
16 May 2017
Peninsula Petroleum supplied bulk carrier with marine fuel on May 13.

ICS to propose IMO adopts 'aspirational' CO2 reduction objectives
16 May 2017
Association to suggest objectives are adopted as part of IMO's CO2 reduction strategy, to be agreed in 2018.

Gazpromneft-Lubricants to triple marine lube supply to Rosmorport
16 May 2017
Russian supplier reports planned increase in supply volume to more than 1,500 tonnes.

Oil producers' comments support prices
16 May 2017
By A/S Global Risk Management.

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

Monjasa extends supply capacity in North West Europe
16 May 2017
Supplier adds bunker vessel in Skagen, completes first delivery.

India event to help 'pave the way' for development of Cochin as a bunker port
15 May 2017
Port aims to become a key global bunkering destination, like Fujairah and Singapore.

ClassNK subsidiary launches bunker fuel oil analysis service
15 May 2017
New service provides an oil analysis report for the properties of bunker fuel oil.

Singapore achieves record bunker sales for April
15 May 2017
Port sells 3.5% more marine fuel than during the same month last year.

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

Safe use of natural gas as marine fuel addressed in Naples
12 May 2017
New mandatory code for ships using gases or other low-flashpoint fuels discussed.

Unaudited revenue up for Tallink's Estonia-Finland route with LNG-fuelled ferry
12 May 2017
New LNG-powered ship accommodates around 40% more passengers and almost double the car capacity of replaced ship.

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

Oil rig count and U.S. economic data
12 May 2017
By A/S Global Risk Management.

NCL posts 8.8% rise in bunker costs as cruise operating expenses jump $55.3m
12 May 2017
Q1 net income falls 15.5 percent to $61.9 million.

Changes at the top: new CEOs at Dan-Bunkering, Glander and KPI Bridge Oil
11 May 2017
Historic management reshuffle at Bunker Holding as two CEOs switch companies and Group COO is given chief executive position.

Maersk Line posts Q1 loss as bunker costs jump 95% yoy
11 May 2017
Shipping giant spent $381 million more on bunkers in Q1 compared to last year.

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

Brent is back in the fifties as inventories shrink
11 May 2017
By A/S Global Risk Management.

Korean Register authorized by DAkks to act as EU MRV verification body
10 May 2017
Classification society approved by Germany's national accreditation body to verify EU MRV regulation compliance.

Partnership to develop world's first fully electric and autonomous container vessel
10 May 2017
Vessel is planned to start operating in the second half of 2018.

Port state control success 'depends ultimately' on harmonization of inspections: Kitack Lim
10 May 2017
IMO Secretary-General says unified PSC procedures are 'absolutely vital' to eliminate sub-standard shipping.

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

Oil prices remains close to $50 as OPEC comments prevail
10 May 2017
By A/S Global Risk Management.

BC Ferries' first LNG-fuelled vessel to start service on May 16
10 May 2017
The Salish Orca is capable of operating on either natural gas or ultra-low-sulphur diesel.

Shell Marine introduces 'new and unique' lubricants management programme
09 May 2017
Multi-faceted strategy designed to simplify owners' operations and help reduce costs.

Gener8 Maritime's Peter Georgiopoulos 'pleased' with bunker-saving ECO VLCC premium
09 May 2017
CEO bullish despite decline in Q1 net income.

DFDS ships to improve efficiency with ABB technology
09 May 2017
ABB shaft generators to be installed on two DFDS ro-ro vessels.

Evergas and Clipper to equip ships with lubricant blending-on-board system
09 May 2017
Total number of SEA-Mate blending-on-board systems ordered is more than two hundred.

$1 billion growth forecast for marine lube market by 2024
09 May 2017
Sales of marine lubricants forecast to rise to $3.336 billion.



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