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Home » News » News Archive - July 2008


News Archive - July 2008

Global Risk Management expands team
30 Jul 2008 15:20 GMT
Danish firm appoints Assistant Risk Manager at its offices in Middelfart.

Committee to examine challenges ahead
30 Jul 2008 11:58 GMT
Middle East shipping committee to examine major issues faced by the maritime industry.

Aruba refinery still up for sale
30 Jul 2008 10:02 GMT
Valero CEO says it continues to pursue the sale of its refinery in Aruba.

Valero Q2 profit drops by 67 percent
30 Jul 2008 08:04 GMT
US refiner cites tight refining margins and the rising cost of crude oil.

K Line's profits hit by bunker costs
29 Jul 2008 10:25 GMT
Japanese lines post Q1 results with Mitsui O.S.K leading the pack.

US legislation paves the way for scrubbing technology
29 Jul 2008 08:03 GMT
Seawater scrubbing will enable operators to reduce ship emissions and fuel costs.

Californian ports expand clean fuel choices
28 Jul 2008 11:30 GMT
Low-sulphur MDO included as fuel option for air quality program in Long Beach and Los Angeles.

Sri Lankan firm awarded bunker license
28 Jul 2008 10:11 GMT
New Sri Lankan joint venture is granted license to carry out bunkering operations.

B.C. Ferries raises fuel surcharge
28 Jul 2008 08:24 GMT
Transportation Minister considers reducing service to limit the impact of high bunker costs.

Singapore 380cst drops $41 in a week
25 Jul 2008 10:55 GMT
Despite firmer market today, 380cst has now fallen by $83 since July 15th.

OOCL joins Climate Change Business Forum
25 Jul 2008 10:08 GMT
Shipping firm joins intiative to promote best practice in the reduction of emissions.

California adopts ban on heavy fuel oil
25 Jul 2008 08:06 GMT
ARB measure will require vessels to use marine distillates in California from 2009.

Singapore prices continue to fall
24 Jul 2008 10:38 GMT
Bunker prices in Singapore tumble for the second day after $4 drop in crude.

400,000-gallon fuel oil spill in New Orleans
24 Jul 2008 08:14 GMT
Collision causes barge to leak no. 6 fuel oil into the Mississippi river.

Titan secures storage leasing contracts
23 Jul 2008 16:15 GMT
Leasing contracts are signed for floating storage unit at Tanjung Pelepas.

Aegean acquires three bunker tankers
23 Jul 2008 15:20 GMT
New double-hull bunkering tankers will be deployed to Aegean's service center in Piraeus.

Lanka Marine Services ordered to return land
23 Jul 2008 08:12 GMT
Court ruling orders company to pay back taxes and give up land used for bunkering.

OW Bunker selects new recruits
22 Jul 2008 16:50 GMT
Ten new recruits are chosen to join its two-year international training programme.

HPCL offers 380cst fuel oil cargo
22 Jul 2008 10:10 GMT
30,000 tonne parcel of 380cst is scheduled for loading at the end of August.

Bunker costs hit Royal Caribbean
22 Jul 2008 08:05 GMT
Cruise operator cuts 400 jobs as part of a cost-saving initiative.

Horizon raises fuel surcharge to 42.75 percent
21 Jul 2008 15:17 GMT
Ocean carrier's latest surcharge rise comes just one month after its last price hike.

180 cst to be withdrawn from Melbourne
21 Jul 2008 10:01 GMT
Market sources reveal 180 cst will not be available in Melbourne from August 1st.

Bunker station launched in Samara region
21 Jul 2008 08:13 GMT
New facility set up to improve local fueling infrastructure and cater for demand.

Indian firm sells 80,000mt fuel oil cargo
18 Jul 2008 11:01 GMT
Parcel is scheduled for loading between August 22nd and 24th.

Package to tackle high bunker prices is adopted
18 Jul 2008 10:04 GMT
Emergency EU measures will allow funds to be used to support fisheries sector.

Shipping lines impose bunker surcharge
18 Jul 2008 08:02 GMT
Shippers' council calls for the intervention of regulatory authorities in Hong Kong and China.

CMA-CGM introduces new BAF system
17 Jul 2008 13:38 GMT
New system aims to provide greater transparency for CMA-CGM's customers.

Felixstowe invests in oil spill equipment
17 Jul 2008 10:16 GMT
UK's largest container port takes delivery of new oil spill containment booms.

Ocean Energy opens office in Antwerp
17 Jul 2008 08:05 GMT
Experienced trader Fons Van den Donk joins the company.

OW South Africa moves office
16 Jul 2008 17:22 GMT
Bunker and lubricants trader relocates to new office address.

Oil slightly down after plunging more than $6
16 Jul 2008 09:44 GMT
Crude dips in Asia after the largest single-session drop in 17 years.

Singapore bunker sales fall in June
16 Jul 2008 08:02 GMT
Sales drop for the second month in a row. Port is still on course to surpass 2007 record.

Asian shipowner announces new BAFs
15 Jul 2008 17:25 GMT
Transportation and logistics firm applies new BAF rates in response to rising bunker costs.

Emergency bunker surcharge is put on hold
15 Jul 2008 10:01 GMT
Bunker levy is delayed following criticism by three shippers' councils.

GAC refuels Earthrace in record time
15 Jul 2008 08:02 GMT
Quick turnaround at Cochin Port enables Earthrace to clinch the world’s fastest eco-boat title.

Cruise line raises fuel supplement
14 Jul 2008 17:20 GMT
Latest surcharge hike is the fifth since December last year.

Oil market conditions could improve in 2009
14 Jul 2008 10:04 GMT
Agency report says market tensions could ease due to lower demand growth and higher output.

US bunker spill cleanup is completed
14 Jul 2008 08:02 GMT
'Pre-booming' measures aid oil spill containment and cleanup operations.

Bunker Holding announces new appointment
11 Jul 2008 14:26 GMT
Experienced Strategy Project Manager joins Danish firm's offices in Middelfart.

Total shuts units at Port Arthur refinery
11 Jul 2008 11:01 GMT
U.S. bunker supplier closes down 9 units at its refining facility in Texas.

Fuel oil markets may tighten in 2009
11 Jul 2008 09:40 GMT
Report says refinery upgrade projects may impact on fuel oil availability.

Oil prices soar by over $5
11 Jul 2008 08:27 GMT
Crude rallies on Iran and Nigeria supply fears. Petrobras workers' strike supports bullish sentiment.

Crude holds steady in early trading
10 Jul 2008 10:20 GMT
WTI prices stable after closing up only 1 cent in yesterday's session.

Shipping lines sign up to low-sulphur initiative
10 Jul 2008 08:02 GMT
Cargo vessel operators agree to take part in San Pedro Bay low-sulphur incentive program.

Bunker market softens for third day
09 Jul 2008 19:56 GMT
Marine fuel prices drop further in key bunker ports worldwide.

Oil prices nosedive by over $5
09 Jul 2008 07:24 GMT
Crude falls amid concerns over economic slowdown. $1 rise in early trading.

EU outlines package to tackle high bunker prices
08 Jul 2008 17:34 GMT
European Commission proposes emergency measures for EU fisheries sector.

NYMEX changes margins for fuel oil contracts
08 Jul 2008 10:15 GMT
New margin changes for fuel oil and gasoil contracts will come into effect from today.

Shipping forum to tackle 'image crisis'
08 Jul 2008 08:12 GMT
Pan-industry forum aims to improve the image of the shipping industry.

Phlippines acts to avoid bunker spill
07 Jul 2008 11:30 GMT
Coast Guard discusses strategies to prevent capsized ferry from leaking bunker fuel off Sibuyan.

Unicom moves to new address
07 Jul 2008 09:32 GMT
Romanian bunker supplier changes office location in Bucharest.

Petrobras announces changes in Espirito Santo
07 Jul 2008 08:21 GMT
Minimum notice required for nominations in a number of ports in southeastern Brazil.

China may cut fuel oil import duty to 1%
04 Jul 2008 12:04 GMT
Local refineries delay imports in anticipation of tariff reduction.

PSO to buy 910,000 mt of fuel oil
04 Jul 2008 10:32 GMT
Oil marketer issues tender to purchase high sulphur fuel oil between August and November.

Bunker costs eat into Stolt-Nielsen profits
04 Jul 2008 09:34 GMT
Operating profits continue to be affected by the rising cost of marine fuel.

Shipping index evaluates operators' green credentials
03 Jul 2008 12:10 GMT
Clean Shipping Index to rank ship operators by environmental performance.

Panama introduces barge fuel surcharge
03 Jul 2008 10:08 GMT
New surcharge will apply to all barge deliveries on either side of the Panama Canal.

Petrobras suspends sales activities
03 Jul 2008 08:19 GMT
Brazilian supplier stops trading for the second time in a week. Sales resume today at new prices.

IMO reports progress on GHG issue
02 Jul 2008 12:36 GMT
Oslo meeting covers CO2 design index for ships and economic instruments with GHG-reduction potential.

Aegean completes acquisition of ICS Petroleum
02 Jul 2008 10:02 GMT
Vancouver-based firm becomes wholly owned subsidiary of Aegean.

Aegean takes delivery of bunker tanker
02 Jul 2008 08:09 GMT
New-build will be deployed to Aegean's Gibraltar service center.

Consortium completes 'ecospeed' project
01 Jul 2008 12:02 GMT
Eco-friendly programme aims to reduce ship emissions by 20-30 percent.

Dan-Bunkering expands trading team
01 Jul 2008 10:11 GMT
New appointment joins Danish firm's office in Copenhagen.

Maersk reacts to rising bunker costs
01 Jul 2008 09:31 GMT
Ocean carrier aims to improve efficiency via cost-cutting measures.

Chemoil adds tanker in Gulf of Mexico
01 Jul 2008 08:03 GMT
U.S. supplier charters second vessel to meet increased demand in the region.



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