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Home » News » News Archive - February 2009


News Archive - February 2009

Kemp sells stake in Wilhelmsen Premier Marine Fuels
27 Feb 2009 15:28 GMT
Wilhelmsen Ships Service purchases shares to become 100 percent owner.

World Fuel Services expands land fuel business
27 Feb 2009 10:35 GMT
Acquisition of Illinois-based firm enhances its position in the ground-based fuel market.

Chemoil eyes new business opportunities
27 Feb 2009 09:32 GMT
CEO says the firm has a number of 'targets' on its radar screen during the economic downturn.

World Fuel Services posts $105 million FY08 profit
27 Feb 2009 07:27 GMT
Increase in net income is helped by 78 percent rise in marine segment profits.

Chemoil's profit increases by US$16.8 million
26 Feb 2009 11:19 GMT
Rise in sales volume helps push up 2008 earnings by 55 percent.

Ferry operator to cut fuel surcharge
26 Feb 2009 09:49 GMT
New surcharge on freight is due to come into effect on 1st March.

Aegean announces $12.2 million rise in 2008 profit
26 Feb 2009 07:42 GMT
Year-end results driven by 79.5 percent increase in the gross spread on marine petroleum products.

OW Bunker appoints new Branch Manager
25 Feb 2009 13:39 GMT
Søren Christian Meyer takes up new position at OW Bunker Copenhagen.

Bunker delays expected in Gibraltar
25 Feb 2009 13:12 GMT
Adverse weather conditions look set to cause delivery backlog for bunker suppliers.

Japanese firm to cut refinery runs in March
25 Feb 2009 09:52 GMT
Decrease in fuel oil output expected as refiner predicts 22 percent drop in production.

Vessel refloated after fuel oil transfer
25 Feb 2009 08:04 GMT
Over 80,000 barrels of low sulphur fuel oil transferred in lightering operation.

Vessel awaiting bunker barge attacked in Peru
24 Feb 2009 16:46 GMT
Container ship is attacked by robbers in Callao. Incident is second at the port since February 14th.

Bunker broking firm changes address
24 Feb 2009 11:03 GMT
Greece-based company moves to new office location.

Investment interest in Cartagena expansion project
24 Feb 2009 09:31 GMT
Petrobras and General Electric eye project to extend bunker-producing refinery.

Two 380-cst cargoes sold via tender
24 Feb 2009 08:09 GMT
Lower discounts for 30,000-tonne parcels due to recent decrease in fuel oil supplies.

$17.3m order for fuel-efficient marine system
23 Feb 2009 10:42 GMT
New integrated propeller and rudder technology chosen by firm aiming to cut bunker consumption.

Sunken ship leaks marine diesel
23 Feb 2009 09:39 GMT
Fuel tanks empty as vessel carrying 250 gallons sinks in US West Coast.

Ships detained over illegal fuel transfer
23 Feb 2009 08:02 GMT
Singapore-owned vessels are seized after being spotted carrying out 'suspicious' activities.

EMSA vessel deployed to tackle bunker spill
20 Feb 2009 17:18 GMT
Agency confirms it was contacted by Irish authorities to provide assistance.

Oil recovery vessel tender announced
20 Feb 2009 16:35 GMT
Tender launched for oil pollution recovery vessels in Baltic Sea and Western Approaches to the Channel.

Exxon to shut Singapore visbreaking units - sources
20 Feb 2009 09:54 GMT
Shutdown may lead to more residual fuels being made available for the local bunker market.

Cartagena refinery ownership discussions continue
20 Feb 2009 08:07 GMT
Expansion of bunker-producing facility looks set to go ahead despite financing difficulties.

Montevideo IFO prices set to rise on 22 Feb
19 Feb 2009 12:34 GMT
Price levels for IFO 380 and IFO 180 expected to increase by $25/mt.

Singapore fuel oil futures dates revealed
19 Feb 2009 10:15 GMT
Futures and options dates up until the end of April 2009 are announced.

Singapore: January sales rise by 10.4 percent
19 Feb 2009 08:55 GMT
180-cst volumes drop by 24.2 percent year-on-year as sales fall below those recorded during the whole of 2008.

Aegean announces $300m credit facility
19 Feb 2009 07:24 GMT
President says facility will enable it to manage price fluctuations and supply volumes.

Algeciras bunker sales rise by 4.8 percent
18 Feb 2009 16:52 GMT
Spanish port sells 2.4 million tonnes of marine fuel in 2008 as throughput increases.

Oceanbat launches new bunker barge
18 Feb 2009 11:04 GMT
Bunker supplier increases total fuel capacity to 15,000 metric tonnes.

Indian firm offers two 380-cst cargoes
18 Feb 2009 09:11 GMT
30,000-tonne fuel oil parcels are scheduled for loading in March.

Petroplus aims to sell Teeside refinery
18 Feb 2009 08:06 GMT
Bunker producing facility will be sold or converted into a storage site or terminal, CFO says.

Bunker spill off Irish coast
17 Feb 2009 10:07 GMT
Russian warships are believed to have been responsible for the incident during refuelling.

Chemoil appoints Credit Manager in Singapore
17 Feb 2009 09:13 GMT
Appointment aims to strengthen the company’s financial and risk management strategy.

Shell mulls sale of New Zealand businesses
17 Feb 2009 08:04 GMT
Divestment of some or all of its downstream businesses are under consideration.

Marine polluter fined $15,000 for oil spill
16 Feb 2009 11:04 GMT
Dry cargo vessel penalized for incident during offloading operations in Canadian waters in 2008.

Russian supplier named in Top 100 company list
16 Feb 2009 09:13 GMT
21 percent sales growth earns bunker firm a high ranking in sales volume category.

Bunker spill in Tampa Bay
16 Feb 2009 08:02 GMT
Shipping traffic disrupted after collision causes spill of up to 1000 gallons.

Scandinavian Bunkering files lawsuit against MISC
13 Feb 2009 16:57 GMT
Lawsuit filed against Malaysian shipping line for alleged breach of contract.

Wilh. Wilhelmsen says drop in prices will be good for profit
13 Feb 2009 09:29 GMT
Hedging of exposures means lower bunker prices and stronger dollar 'will contribute positively to the group’s future profitability'.

MPA introduces new port dues concessions
13 Feb 2009 08:02 GMT
New measures include 20 percent concession for bunker suppliers operating in Singapore.

Container line to begin calling at Gothenburg
12 Feb 2009 11:54 GMT
New bunker sales on the cards as Hong Kong shipping firm focuses on Swedish port.

380-cst cargo sold for March loading
12 Feb 2009 09:41 GMT
Low deal discount reported on increasing demand for fuel oil from the United States.

Vitol sells stake in Fujairah storage facility
12 Feb 2009 08:03 GMT
President says sale will allow the company to focus on the development of UAE refinery.

Cold ironing planned for Maasvlakte
11 Feb 2009 10:39 GMT
Maasvlakte agreement includes plans for the use of shore-based electricity.

Rotterdam bunker sales fall by 4.7 percent
11 Feb 2009 09:17 GMT
600,000-tonne drop in sales volumes at Europe's leading port in 2008.

Aegean and Gulf Oil in lubricant partnership
11 Feb 2009 06:29 GMT
Global marine lubricant distribution network to reach 450 ports in 40 countries.

Bunker-producing refinery planned for Primorsk
10 Feb 2009 14:47 GMT
Czech firm to specialize in the production of marine fuel in North-West Russia.

South Korea: Less shutdowns expected in 2009
10 Feb 2009 11:09 GMT
Improved availability prospects for bunker market if less capacity is shut down for maintenance.

Bunker spill off Hawaii
10 Feb 2009 08:01 GMT
Mile-long sheen of marine diesel spotted where guided missile cruiser ran aground.

Panama ratifies Bunkers Convention
09 Feb 2009 10:49 GMT
Maritime Administration expected to be able to issue certificates by May 2009.

Cruise lines reach settlement agreement over fuel surcharges
09 Feb 2009 09:48 GMT
Attorney General agrees $3 million deal with cruise firms over retroactively imposed fuel surcharges.

Asian refiner offers 380-cst cargo
09 Feb 2009 08:09 GMT
80,000-tonne fuel oil parcel is scheduled for loading in March.

GAC meeting signals confidence despite global gloom
06 Feb 2009 16:13 GMT
Operating income expected to grow by 13 percent in 2009.

Jebel Ali terminal to open in February
06 Feb 2009 09:48 GMT
55 percent capacity increase bodes well for bunker sales volumes at UAE port.

Fujairah expansion on hold -sources
06 Feb 2009 08:02 GMT
Terminal project postponement set to affect bunker volume growth in Fujairah.

Maersk to raise bunker surcharges
05 Feb 2009 15:47 GMT
Revised rates for trades between the Middle East, Indian Subcontinent, Red Sea and Europe.

'Good' bunker demand for Neste Oil in 2008
05 Feb 2009 10:24 GMT
Improved fuel oil margins reported during the second half of last year.

Petroplus reports $774.9 million loss
05 Feb 2009 08:01 GMT
European refiner announces loss for second consecutive quarter.

Fuel spill incident in Puget Sound
04 Feb 2009 16:02 GMT
Seattle-based bunker transportation company reports spill to authorities.

Fuel management technology to be launched
04 Feb 2009 10:17 GMT
Engine and fuel monitoring system to be revealed in Florida this month.

Bunker prices on the agenda at LA event
04 Feb 2009 08:12 GMT
Conference to cover 2009 bunker price analysis.

Sensor technology presentation announced
03 Feb 2009 11:22 GMT
UK event to launch technology for cylinder oil optimisation and liner wear monitoring.

Alaska ferry in oil spill incident
03 Feb 2009 10:12 GMT
Vessel is reported to have leaked 'a small amount of fuel'.

Dan-Bunkering appoints bunker trader
03 Feb 2009 09:04 GMT
Experienced aviation industry professional joins company's Copenhagen office.

MF Global expands fuel oil broking team
03 Feb 2009 07:46 GMT
Seven fuel oil brokers join OTC energy brokerage in Singapore.

New storage capacity for Tallinn
02 Feb 2009 13:28 GMT
200,000 cbm of storage capacity is commissioned for Baltic terminal facility.

Vopak committed to growth in Fujairah
02 Feb 2009 10:24 GMT
Terminal operator dedicated to continue the growth of Fujairah as a strategic hub.

Stolt-Nielsen hit by drop in bunker surcharges
02 Feb 2009 09:37 GMT
Company says $33.1m decrease in revenue is partly due to steep decline in surcharges.

Barge operator reports profit decline
02 Feb 2009 08:01 GMT
60 percent drop in net income for K-Sea Transportation Partners.



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