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Home » News » News Archive - April 2010


News Archive - April 2010

Praxis Market Update
29 Apr 2010 16:07 GMT

Rotterdam Market Report
29 Apr 2010 12:19 GMT

Market Briefing
29 Apr 2010 10:54 GMT

Vopak, Vilma Oil to start Algeciras terminal construction
29 Apr 2010 09:25 GMT
Partnership to begin construction of a bulk liquid storage terminal in the port of Algeciras.

Expansion at Global Risk Management
29 Apr 2010 08:14 GMT
Newly-appointed Oil Risk Manager to focus on selling risk management solutions to the Middle East market.

OOCL launches CO2 calculator
29 Apr 2010 07:48 GMT
New online calculator is designed to assist customers in measuring CO2 emissions in their supply chain.

WWL cuts GHG emissions by 32 percent
29 Apr 2010 07:32 GMT
Wallenius Wilhelmsen Logistics says it managed to cut its greenhouse gas emissions by 32 percent last year.

Singapore Market Commentary (with evening update)
29 Apr 2010 06:42 GMT

New cold ironing system launched
28 Apr 2010 13:07 GMT
New system is said to be a cost-competitive alternative to current freightliner cold ironing systems.

Rotterdam Market Report
28 Apr 2010 11:19 GMT

Market Briefing
28 Apr 2010 10:55 GMT

Vopak to repurchase shares by June 2010
28 Apr 2010 09:33 GMT
Tank storage operator to repurchases up to 150,000 shares for long-term variable income plan.

Maersk Line to get $1.5m clean fuel reimbursement
28 Apr 2010 08:31 GMT
Port authority agrees to reimburse Maersk Line for the differential cost of using low sulphur fuel.

Aegean to expand UAE storage capacity
28 Apr 2010 08:02 GMT
Leading bunker supplier announces plans to build an inland storage facility in the United Arab Emirates.

Singapore Market Commentary (with evening update)
28 Apr 2010 07:03 GMT

New address for CEPSA Marine Fuels
27 Apr 2010 15:28 GMT
Spanish supplier moves to new address within the Campo de las Naciones business park.

Praxis Market Update
27 Apr 2010 14:56 GMT

Vopak operating profit up 28 percent
27 Apr 2010 12:56 GMT
Terminal operator posts growth in operating profit excluding exceptional items in Q1 2010.

Rotterdam Market Report
27 Apr 2010 11:02 GMT

Market Briefing
27 Apr 2010 10:32 GMT

Sales surge expected as cruise season begins
27 Apr 2010 09:41 GMT
Suppliers prepare for rise in bunker sales as 2010 cruise season gets underway.

Port considers low-emission grant program
27 Apr 2010 07:47 GMT
US port will today consider awarding nearly $1.5 million in low-emission grant program funds.

Singapore Market Commentary (with evening update)
27 Apr 2010 06:47 GMT

BC Ferries introduces biodiesel to its fleet
26 Apr 2010 13:06 GMT
Canadian firm says 86 percent of its vessels are now burning B5 biodiesel.

OW Bunker appoints trader in Shanghai
26 Apr 2010 11:33 GMT
Leading bunker player appoints bunker trader on the back of 'significant and sustained growth' within the region.

Rotterdam Market Report
26 Apr 2010 11:04 GMT

Market Briefing
26 Apr 2010 10:42 GMT

Cold ironing website launched
26 Apr 2010 10:15 GMT
Website dedicated to onshore power supply technology is launched.

Lindsay Blee announces office move
26 Apr 2010 09:39 GMT
UK-based bunker broking firm has announced that it will be moving to a new office building next month.

Singapore Market Commentary (with evening update)
26 Apr 2010 06:44 GMT

Praxis Market Update
23 Apr 2010 16:19 GMT

Macoil deploys barge to Gulf of Suez
23 Apr 2010 14:52 GMT
Bunker barge to service the ports of Suez, Adabiya and Ain Sukhna.

Release date for fuel oil study announced
23 Apr 2010 13:05 GMT
New study on the residual fuel oil markets is due to be released in May 2010.

Rotterdam Market Report
23 Apr 2010 12:14 GMT

Refiner offers 80,000-tonne lot of 380-cst
23 Apr 2010 10:26 GMT
380-centistoke fuel oil cargo is scheduled for delivery next month.

Market Briefing
23 Apr 2010 09:54 GMT

Kittiwake launches marine oil test service
23 Apr 2010 09:41 GMT
New laboratory test service allows any lube oil or hydraulic oil onboard a ship to be sent in for analysis.

Industry leaders to convene at ocean sustainability conference
23 Apr 2010 07:22 GMT
Event on sustainable development of the marine environment to take place in June.

Singapore Market Commentary (with evening update)
23 Apr 2010 06:42 GMT

Praxis Market Update
22 Apr 2010 18:22 GMT

CMA CGM takes delivery of eco-friendly ship
22 Apr 2010 13:06 GMT
Vessel is equipped with Fast Oil Recovery System and electronically-controlled engine to cut consumption.

Rotterdam Market Report
22 Apr 2010 11:21 GMT

$400m cut in bunker costs for carrier
22 Apr 2010 11:04 GMT
Carrier confirms that it spent US$400 million less on marine fuel in 2009 than the previous year.

Market Briefing
22 Apr 2010 09:24 GMT

Port highlights fuels program on Earth Day
22 Apr 2010 07:21 GMT
At-berth green initiative is highlighted in celebration of the 40th anniversary of Earth Day.

Singapore Market Commentary (with evening update)
22 Apr 2010 06:46 GMT

Praxis Market Update
21 Apr 2010 18:52 GMT

IBIA appoints event manager
21 Apr 2010 16:16 GMT
New member of staff joins IBIA's Southampton-based team.

Bunker prices up in Europe
21 Apr 2010 15:14 GMT
BIX MED and BIX NWE increase by more than $8 per tonne as prices rise in ports across the region.

Titan to launch new notes offer
21 Apr 2010 13:22 GMT
Hong Kong group aims to launch a new offer to bondholders, which is likely to include new notes, shares and a cash payment.

Rotterdam Market Report
21 Apr 2010 10:41 GMT

Market Briefing
21 Apr 2010 09:43 GMT

New employee at Dan-Bunkering Singapore
21 Apr 2010 07:43 GMT
Dan-Bunkering appoints new member of staff to join its accounts team in Singapore.

Singapore Market Commentary (with evening update)
21 Apr 2010 06:34 GMT

Bunkers International supplies MGO in Malta
20 Apr 2010 16:11 GMT
US firm announces joint venture partnership to begin supplying marine gasoil in Malta.

Praxis Market Update
20 Apr 2010 14:56 GMT

Gothenburg welcomes tax break for cold ironing
20 Apr 2010 13:32 GMT
Swedish port says onshore power supply will now become a more financially attractive alternative.

WFS to hold conference call and webcast
20 Apr 2010 12:43 GMT
Management team to discuss the company's first quarter results in May conference call and webcast.

Rotterdam Market Report
20 Apr 2010 11:55 GMT

Market Briefing
20 Apr 2010 11:27 GMT

Technology developed to cut diesel engine emissions
20 Apr 2010 10:04 GMT
Two-stage turbocharging technology is said to offer significant advantages in fuel consumption and engine emissions.

Vopak Horizon Fujairah plans terminal expansion
20 Apr 2010 08:04 GMT
Fujairah terminal's storage capacity to be increased by 606,000 cubic meters.

Singapore Market Commentary (with evening update)
20 Apr 2010 06:14 GMT

Praxis Market Update
19 Apr 2010 16:06 GMT

Chemoil Latin America appoints new MD
19 Apr 2010 13:13 GMT
New appointment replaces previous Panama manager Andrés Galavis.

Rotterdam Market Report (with price update)
19 Apr 2010 11:11 GMT

Market Briefing
19 Apr 2010 10:22 GMT

Brightoil leases tank storage in Singapore
19 Apr 2010 10:02 GMT
Bunker supplier boosts its presence in Singapore by leasing 50,000 cbm of tank storage.

IBME promotes staff members
19 Apr 2010 07:31 GMT
International Bunkering Middle East promotes two staff members to the role of Senior Bunker Trader.

Singapore Market Commentary (with evening update)
19 Apr 2010 06:58 GMT

Praxis Market Update
16 Apr 2010 16:32 GMT

Nominations open for Clean Air Awards
16 Apr 2010 13:15 GMT
Deadline for California award nominations is May 14th.

WWL gets shipping's first GHG certification
16 Apr 2010 12:46 GMT
Wallenius Wilhelmsen Logistics is first shipping firm to receive third party verification of its inventory processes for GHG emissions.

Rotterdam Market Report
16 Apr 2010 11:12 GMT

Market Briefing
16 Apr 2010 10:51 GMT

Quarterly report forecasts bullish outlook
16 Apr 2010 10:11 GMT
Report says market is turning bullish due to improving fundamentals, inflationary pressure and sanction talks.

IBIA appoints Bob Lintott as vice chairman
16 Apr 2010 08:58 GMT
Lintott to succeed to the chairmanship when Mike Ball steps down in 2011.

South Korean refiner sells 30,000-tonne cargo
16 Apr 2010 07:56 GMT
Leading refiner sells cargo of high-sulphur fuel oil for April-May delivery.

Singapore Market Commentary (with evening update)
16 Apr 2010 06:42 GMT

Praxis Market Update
15 Apr 2010 17:21 GMT

Noble to begin fuel supply operations - sources
15 Apr 2010 14:16 GMT
Commodity trader is expected to begin selling marine fuel from next month.

Market Briefing
15 Apr 2010 10:38 GMT

Rotterdam Market Report
15 Apr 2010 10:36 GMT

New algae biofuel report published
15 Apr 2010 10:01 GMT
New report examines the possibility of using algae biofuel as a transportation fuel.

Algae project to develop transportation biofuel
15 Apr 2010 09:42 GMT
UK project aims to find a winning formula for algae that could be used in global marine transportation.

Singapore Market Commentary (with evening update)
15 Apr 2010 06:27 GMT

New fuel oil futures contracts announced
14 Apr 2010 18:04 GMT
Four new fuel oil contracts to be launched later this month.

Praxis Market Update
14 Apr 2010 16:26 GMT

Titan slashes losses in 2009
14 Apr 2010 15:56 GMT
Net loss reduced to HK$536 million in 2009 following group restructuring programme.

Chimbusco cancels posted prices for 4 ports
14 Apr 2010 13:17 GMT
Leading Chinese supplier begins quoting spot prices for four key bunkering locations.

Market Briefing
14 Apr 2010 10:47 GMT

Rotterdam Market Report
14 Apr 2010 10:23 GMT

Shareholder to sell 6.6% stake in Brightoil
14 Apr 2010 09:27 GMT
Investment firm to raise HKD980 million through the sale of 100 million shares.

Singapore Market Commentary (with evening update)
14 Apr 2010 07:16 GMT

Record bunker sales for Singapore in March
13 Apr 2010 18:28 GMT
New monthly and Q1 bunker sales records at the world's leading bunker port.

Praxis Market Update
13 Apr 2010 15:41 GMT

Queensland oil spill fines skyrocket
13 Apr 2010 13:13 GMT
Premier announces that penalties for oil spills will increase more than fivefold.

Rotterdam Market Report
13 Apr 2010 11:03 GMT

Market Briefing
13 Apr 2010 10:22 GMT

Sri Lankan supplier targets OPL volumes - source
13 Apr 2010 10:11 GMT
Marine fuel supplier aims to increase sales of marine fuel by targeting bunkers-only market.

Container ship concept to burn less fuel
13 Apr 2010 07:31 GMT
DNV introduces new container ship concept which uses less fuel and runs on LNG.

Singapore Market Commentary (with evening update)
13 Apr 2010 06:38 GMT

Praxis Market Update
12 Apr 2010 16:52 GMT

Rotterdam Market Report
12 Apr 2010 10:34 GMT

Bunker trader joins Bominflot Houston
12 Apr 2010 10:01 GMT
Ex-Chevron trader will be responsible for bunker trading in the Houston market.

Deadline date approaches for 2010 eco award
12 Apr 2010 09:44 GMT
Deadline for annual marine environmental award entries is Friday, April 16th.

Market Briefing
12 Apr 2010 09:02 GMT

Hapag Lloyd ship joins clean fuels program
12 Apr 2010 08:54 GMT
Vessel becomes the latest ship to participate in port low sulphur fuels program.

Independent oil terminal launched in Jakarta
12 Apr 2010 07:02 GMT
First independent import and distribution terminal for oil products is inaugurated in Jakarta.

Singapore Market Commentary (with evening update)
12 Apr 2010 06:37 GMT

Praxis Market Update
09 Apr 2010 15:28 GMT

Ferry line announces fuel surcharge
09 Apr 2009 13:32 GMT
Canadian firm says it will be implementing a new fuel surcharge later this month.

Market Briefing
09 Apr 2010 12:46 GMT

MOL completes concept for next-generation vessels
09 Apr 2010 12:22 GMT
Shipping firm says 'technically practical' vessels will include a high efficiency turbocharger to reduce CO2 emissions.

Rotterdam Market Report
09 Apr 2010 11:15 GMT

Crews begin moving Shen Neng 1 fuel onto barge
09 Apr 2010 09:44 GMT
Salvage crews begin pumping fuel oil from stricken coal carrier onto bunker barge.

Singapore Market Commentary (with evening update)
09 Apr 2010 07:15 GMT

UBT relocates to new office in Singapore
08 Apr 2008 13:16 GMT
United Bunkering & Trading moves to larger office as it aims to 'intensify its business' in the Asia Pacific Region.

Global bunker average hits 2010 record
08 Apr 2010 11:05 GMT
Bunker Index (BIX) reaches 2010 high, surpassing previous record set in January.

Rotterdam Market Report
08 Apr 2010 10:34 GMT

Market Briefing
08 Apr 2010 09:22 GMT

Carnival signs 15-year agreement with Port Everglades
08 Apr 2010 07:20 GMT
Bunker volume boost for Florida port as world's largest cruise line commits to 25.5 million passenger deal.

Singapore Market Commentary (with evening update)
08 Apr 2010 06:22 GMT

Wilhelmsen move means single contact point for clients
07 Apr 2010 17:32 GMT
Wilhelmsen Ships Service says incorporation of bunker broking team delivers 'time and efficiency savings'.

Praxis Market Update
07 Apr 2010 16:42 GMT

World Fuel Services to acquire Lakeside Oil assets
07 Apr 2010 13:34 GMT
US firm signs agreement to acquire select assets of Lakeside Oil Company.

Market Briefing
07 Apr 2010 11:22 GMT

Rotterdam Market Report
07 Apr 2010 11:18 GMT

Reef spill: Bunker barge to leave Gladstone tomorrow
07 Apr 2010 10:36 GMT
Barge expected to leave Gladstone tomorrow as part of the fuel oil recovery operation.

Bunker fee: Shippers may pull out of Manila
07 Apr 2010 08:13 GMT
Shipping lines consider alternative ports of call over new concession fee on bunkering.

Singapore Market Commentary (with evening update)
07 Apr 2010 06:47 GMT

Bunker tanker built for Norwegian firm
06 Apr 2010 18:38 GMT
New vessel to undergo sea trials before commencing operations in Bergen and Oslo.

Sinopec to launch bunker subsidiary
06 Apr 2010 17:32 GMT
New bunker arm will aim to source product from local refineries instead of importing.

Praxis Market Update
06 Apr 2010 17:02 GMT

Market Briefing
06 Apr 2010 10:44 GMT

Rotterdam Market Report
06 Apr 2010 10:37 GMT

BIX set to break $580 barrier today
06 Apr 2010 10:22 GMT
Average global bunker price set to rise above $580 per tonne for the first time since January later today.

Cruise line wins award for burning low sulphur fuel
06 Apr 2010 08:02 GMT
US firm recognized for its voluntary efforts to cut emissions by using low sulphur fuel in European port.

Singapore Market Commentary (with evening update)
06 Apr 2010 06:45 GMT

Panel to investigate bunker spill
05 Apr 2010 10:55 GMT
Special panel to assess damage caused by fuel oil spill in Great Barrier Reef.

GAC appoints new Middle East bunker manager
05 Apr 2010 09:22 GMT
Industry veteran Colin Holloway to head GAC's bunker operations in the Middle East.

Singapore Market Commentary (with evening update)
05 Apr 2010 07:16 GMT

Bunker Index (BIX) statistical summary
02 Apr 2010 13:07 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

BIX price average up 3.2 percent in March
02 Apr 2010 12:43 GMT
Average monthly global bunker price increases by $17.45 per tonne in March.

Praxis Market Update
01 Apr 2010 16:53 GMT

Market Briefing
01 Apr 2010 13:37 GMT

IBIA stresses need to comply with UK regulations
01 Apr 2010 13:04 GMT
Association says ships failing to comply with new sulphur regulations will face the risk of prosecution.

Aegean completes acquisition of Verbeke Bunkering
01 Apr 2010 12:41 GMT
Aegean confirms the completion of its previously announced acquisition of ARA supplier Verbeke Bunkering.

Vessel carrying marine diesel sinks
01 Apr 2010 12:13 GMT
US Coast Guard responds to the sinking of a fishing vessel in Alaska.

Rotterdam Market Report
01 Apr 2010 10:49 GMT

Vivian Chandran steps down as non-executive director
01 Apr 2010 08:32 GMT
Widow of Chemoil founder Robert Chandran resigns from the Board of Directors.

Singapore Market Commentary (with evening update)
01 Apr 2010 06:55 GMT



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