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Home » News » News Archive - May 2008


News Archive - May 2008

Chemoil opens sales office in Greece
30 May 2008 12:05 GMT
Supplier strengthens its global network with launch of new sales office in Athens.

Fisheries Commissioner rules out fuel subsidies
30 May 2008 10:10 GMT
EU calls for fishery sector to be restructured to create fuel-efficient fleets.

Explosion at fuel oil-producing refinery
30 May 2008 08:07 GMT
Blast at Kirishi oil refinery near St Petersburg. Production unaffected.

Euro fishermen join price hike protest
29 May 2008 10:15 GMT
Fishermen in Europe protest against the rise of marine fuel prices.

120,000 mt cargo of 180cst is offered
29 May 2008 08:09 GMT
Indian oil firm offers fuel oil cargo for loading in the second half of June.

Wallenius Wilhelmsen calls for cuts in CO2 emissions
28 May 2008 17:35 GMT
CEO urges the maritime industry to take steps to preserve the maritime environment.

Petrobras unit orders new tankers
28 May 2008 10:17 GMT
New phase of tanker orders is launched with planned tenders for 23 vessels.

US firm develops marine fuel catalysts
28 May 2008 08:16 GMT
Product range aims to reduce maintenance costs and improve engine performance.

Oil spill recovery vessel tender announced
27 May 2008 17:35 GMT
Tender launched for oil pollution recovery vessels along the Atlantic European coast.

Horizon cancels fuel surcharge hike
27 May 2008 10:18 GMT
Ocean shipper in u-turn over fuel surcharge after competitor maintains current rates.

IOC mulls bunker partnership in Turkey
27 May 2008 08:10 GMT
Indian Oil Corporation considers possible marketing agreement with Turkish energy firm.

Aegean Marine Petroleum appoints new Director
23 May 2008 10:15 GMT
Ex-Diana Shipping CFO joins Aegean's Board of Directors.

US bill to cut ship emissions is approved
23 May 2008 08:23 GMT
Senate Committee approves measure for ships in US waters to burn cleaner fuel.

Indian oil firm sells 380cst cargo
22 May 2008 10:11 GMT
90,000 metric tonne cargo of 380cst fuel oil is sold to winning bidder.

Pakistan to buy 500,000mt of 170cst
22 May 2008 08:12 GMT
Pakistan State Oil issues tender for delivery of low sulphur fuel oil in Karachi.

EACL raises surcharge to 54.56 percent
21 May 2008 12:20 GMT
Trade Association revises surcharge for southbound routes amid continued rise in bunker prices.

Shipping firm maintains fuel surcharge
21 May 2008 10:10 GMT
US ocean shipper decides not to raise surcharge for the first time since January 2007.

Bunker supplies disrupted by strike at Fos
21 May 2008 08:02 GMT
One-day strike by port workers and fishermen affects bunkering activities at Fos-Lavera terminal.

Buyers bid for 90,000mt 380cst cargo
20 May 2008 12:35 GMT
Indian refining company assesses bids for fuel oil cargo.

GS Caltex to build $2.8b refinery
20 May 2008 10:32 GMT
New HOU will be capable of processing 266,000 barrels of heavy fuel oil per day.

Fire at Gazprom Neft refinery is extinguished
20 May 2008 08:25 GMT
Minimal disruption to production at the Omsk refinery reported.

AP Moller-Maersk records $1.1 billion profit
19 May 2008 18:25 GMT
Shipping and oil group neary triples its profits in the first quarter of 2008.

US cruise firm increases fuel surcharge
19 May 2008 10:10 GMT
President highlights the impact of bunker prices on the cruise industry.

Majestic raises fuel surcharge
19 May 2008 09:24 GMT
US river cruise line firm ups surcharge for bookings made from 19th May.

Dan-Bunkering appoints trader in Russia
16 May 2008 10:58 GMT
New bunker trader joins company's representative office in Kaliningrad.

Chevron to raise storage capacity in Panama
16 May 2008 10:14 GMT
Oil major announces it will double the storage capacity of its Las Minas facility.

IOC requests duty drawback on bunkers
16 May 2008 08:32 GMT
State-owned firm calls for all-industry rates to make Indian bunker prices more competitive.

MPA wins Environment Protection Award
15 May 2008 11:10 GMT
Oil sludge-into-construction material recycling technology wins award in Singapore.

US oil demand 2.4% lower than 2007
15 May 2008 10:12 GMT
API report says US oil demand continues to lag behind 2007 levels.

Aegean Marine Petroleum reports Q1 profit rise
15 May 2008 09:09 GMT
Profit increase is driven by strong sales growth in Singapore and UAE service centers.

Singapore firm pays for US bunker spill
14 May 2008 12:35 GMT
Shipping company is fined $27,500 for oil spill in Seattle in 2007.

Petrobras in no rush to buy Aruba refinery
14 May 2008 10:20 GMT
Brazilian firm says no deadline date has been set for purchase of Valero refinery.

Bunker sales hit new record in Singapore
14 May 2008 08:04 GMT
Rise in sales of 380cst and 180cst leads to slight increase in total volume sold in April.

Cruise operator ups fuel surcharge
13 May 2008 14:15 GMT
Fuel surcharge is adjusted by cruise company to offset rise in bunker costs.

MPA offers financial incentive to bunker suppliers
13 May 2008 12:11 GMT
Port authority launches assistance scheme for suppliers that comply with SS 524:2006

US shipping firm raises fuel surcharge
13 May 2008 11:08 GMT
Fuel surcharge to be increased on shipments between Hawaii and Guam.

Colombian firm starts supplying 380cst and 180cst
13 May 2008 10:05 GMT
Bunker and lubricants supplier sells 2000mt in first two weeks.

Marshall Islands accedes to five UN conventions
13 May 2008 09:12 GMT
Pacific Ocean nation accedes to UN treaties on marine pollution and safety

New supplier enters Callao bunker market
12 May 2008 16:36 GMT
Competition in Callao increases as supplier looks to benefit from rise in shipping traffic.

US supplier posts $82 million net loss
12 May 2008 10:06 GMT
Declining margins for bottom-of-the barrel products impact on company's Q1 net income.

WFS posts record marine segment profits
12 May 2008 08:15 GMT
$36.9m profit for marine segment helps company achieve better than expected results.

Malta to host World Fuel Oil Summit
09 May 2008 12:14 GMT
One day summit will examine trends and opportunities in the world fuel oil and bunker market.

Japanese supplier in joint venture agreement
09 May 2008 09:21 GMT
Osaka project will raise fuel oil production and output will be exported to China.

Strike expected at Marseille today
09 May 2008 07:41 GMT
Twenty-four hour strike expected to create disruption at Fos-Lavera oil terminal.

Russian fuel oil exports drop by 71.2 percent
08 May 2008 12:26 GMT
Rise in export tax and maintenance work at refineries leads to decrease in outflows.

Petroplus reports 72% rise in net income
08 May 2008 11:14 GMT
Leading middle distillate refiner's first quarter results exceed market expectations.

MPA issues air pollution warning
08 May 2008 09:10 GMT
Port Authority issues warning regarding air pollution and excessive smoke in Singapore.

EMSA adds oil spill recovery vessel
07 May 2008 12:24 GMT
Network of stand-by oil spill recovery vessels in the Baltic Sea is strengthened.

Kittiwake launches handheld fuel testing kit
07 May 2008 10:34 GMT
DIGI Insolubles meter is able to test for contaminants in fuels and lubricants.

EMSA to launch new pollution programme
07 May 2008 07:13 GMT
Marine Pollution Expert Exchange Programme to be launched by EMSA in June.

Indonesia moves closer to fuel oil price hike
06 May 2008 12:25 GMT
President Yudhoyono indicates fuel oil prices could be raised by up to 30 percent.

NYMEX changes margins for petroleum swap contracts
06 May 2008 10:10 GMT
Margins for Singapore fuel oil and European gasoil swap futures contracts are affected.

Oil surges above $120 a barrel
06 May 2008 06:36 GMT
Threats to oil supplies, weak dollar and rising global demand lead to bullish outlook.

U.S. supplier reports 10 percent rise in net income
05 May 2008 14:24 GMT
Drop in U.S and international downstream income offset by rise in upstream earnings.

Russian export tax on oil hits record
05 May 2008 12:12 GMT
Export tax on refined and crude products will reach record high in June.

Lubrizol announces $73.6m Q1 earnings
05 May 2008 10:17 GMT
Ohio firm's Q1 earnings rise compared to 2007. Additives segment revenues surge by 19%.

UK super yacht supplier in €15m acquisition
05 May 2008 08:25 GMT
Specialist yacht fuel supplier acquires yacht service provider for 15 million euros.

GS Caltex boosts Bunker C processing capacity
02 May 2008 11:11 GMT
South Korean refiner raises refining capacity thanks to improved technologies.

Bunker producing refinery raises output
02 May 2008 09:12 GMT
Ghana's Tema Oil Refinery to more than triple its processing capacity.

Indonesian fuel oil imports fall to 740,000 barrels
01 May 2008 13:10 GMT
Imports of oil products and fuel oil for May delivery drop compared to previous month.

Valero announces 77% drop in net income
01 May 2008 10:24 GMT
High crude prices and tight margins lead to drop in profit for the first quarter of 2008.

Crude oil jumps after U.S. interest rate cut
01 May 2008 07:16 GMT
Weakening dollar after interest rate cut leads to crude rise in Asia trading Thursday.



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