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Home » News » News Archive - November 2010


News Archive - November 2010

Canadian bunker trader to retire
29 Nov 2010 17:32 GMT
Trader to retire from the bunker industry later this week.

Share sale to fund fuel oil business acquisition
29 Nov 2010 15:47 GMT
Proceeds from share deal to be used to acquire a fuel oil storage and transportation business.

Praxis Market Update
29 Nov 2010 14:22 GMT

Global Vision Market Report
29 Nov 2010 14:18 GMT

Singapore launches fuel cell research initiative
29 Nov 2010 11:52 GMT
Project to focus on research, development and commercialization of fuel cell applications for the maritime industry.

Rotterdam Market Report
29 Nov 2010 11:38 GMT

Market Briefing
29 Nov 2010 10:08 GMT
Oil higher on Irish bailout (Brent: $86)

Andatee CEO buys shares
29 Nov 2010 06:36 GMT
Purchase forms part of plan to buy back shares of the company's common stock.

Singapore Market Commentary (with evening update)
29 Nov 2010 05:29 GMT

Klaipeda terminal secures fuel oil shipment contract
26 Nov 2010 15:57 GMT
Terminal operator signs long-term fuel oil contract with Russian firm.

Praxis Market Update
26 Nov 2010 14:11 GMT

Global Vision Market Report
26 Nov 2010 12:35 GMT

Rotterdam Market Report
26 Nov 2010 10:37 GMT

Market Briefing
26 Nov 2010 10:21 GMT
Oil higher on gasoline inventories – lower on geopolitical risk (Brent: $85.3)

Singapore Market Commentary (with evening update)
26 Nov 2010 09:22 GMT

Refined capacity up 45% for oil firm
26 Nov 2010 08:40 GMT
Storage capacity for refined oil products is reported to have risen by 45% in only five years.

PetroChina to acquire remaining stake in fuel oil unit
26 Nov 2010 06:21 GMT
Stake purchase is expected to be completed by June 2011.

MARPOL amendments circulated for 2011 adoption
25 Nov 2010 19:10 GMT

Shell launches bunker barge in Sydney
25 Nov 2010 18:32 GMT
Double-hulled barge to carry out fuel deliveries in Port Botany and Sydney Harbour.

Praxis Market Update
25 Nov 2010 14:21 GMT

Petrobras appoints new Singapore manager
25 Nov 2010 14:13 GMT
Trader replaces previous bunker manager André Maximo in Singapore.

Global Vision Market Report
25 Nov 2010 12:13 GMT

World Fuel Services opens office in India
25 Nov 2010 10:48 GMT
Leading fuels specialist launches bunker trading operation in Mumbai.

Rotterdam Market Report
25 Nov 2010 10:38 GMT

Market Briefing
25 Nov 2010 10:26 GMT
Oil bounces on US economic data (Brent: $85.5)

Abu Dhabi pipeline to Fujairah completed
25 Nov 2010 08:01 GMT
Pipeline allowing Abu Dhabi crude to bypass the Strait of Hormuz [pictured] has been completed.

Singapore Market Commentary (with evening update)
25 Nov 2010 05:12 GMT

Vopak Horizon Fujairah wins award
24 Nov 2010 18:47 GMT
Award recognizes firm for contributing to the economic development of the UAE.

Global Vision Market Report
24 Nov 2010 13:13 GMT

Market Briefing
24 Nov 2010 11:22 GMT
Oil down on downgrade – rebound technical (Brent: $83.4)

Rotterdam Market Report
24 Nov 2010 10:29 GMT

Bahrain bunker spill could be 'catastrophic'
24 Nov 2010 08:03 GMT
Official warns that a 150-tonne bunker spill could take up to 50 years to repair.

OW Bunker launches physical operations in Panama
24 Nov 2010 05:51 GMT
Company further expands its physical presence in the Latin American bunker market.

Paul Pappaceno joins Bunkers International
24 Nov 2010 05:25 GMT
Experienced marine fuel executive will focus on global initiatives and expansion of the company’s bunkering business.

Singapore Market Commentary (with evening update)
24 Nov 2010 04:53 GMT

California: Clean Air Action Plan approved
23 Nov 2010 19:14 GMT
New plan sets long-term goals to slash air pollution at Los Angeles and Long Beach.

Vopak concludes S$225m notes issuance
23 Nov 2010 18:34 GMT
Terminal operator secures second private placement notes isssuance in Asia.

Praxis Market Update
23 Nov 2010 13:33 GMT

Global Vision Market Report
23 Nov 2010 12:31 GMT

Ship to transport fuel from Europe to China
23 Nov 2010 11:50 GMT
VLCC chartered to transport 275,000-tonne cargo in the first week of December.

Market Briefing
23 Nov 2010 11:18 GMT
Oil down on North Korean attack (Brent: $83.5)

Rotterdam Market Report
23 Nov 2010 10:44 GMT

First deliveries for Lukoil in Constantza
23 Nov 2010 10:21 GMT
Lukoil Bulgaria Bunker carries out first deliveries as a physical supplier at the Romanian port of Constantza.

Chemoil appoints credit analyst
23 Nov 2010 06:52 GMT
Newly-appointed analyst joins Chemoil's office in Singapore.

Singapore Market Commentary (with evening update)
23 Nov 2010 05:32 GMT

Puerto La Cruz availability update
22 Nov 2010 18:22 GMT
Bunker supplier PDVSA provides update on product availability in Puerto La Cruz.

Chemoil to acquire Oceanconnect
22 Nov 2010 15:57 GMT
Oceanconnect's Thomas Reilly to succeed Clyde Michael Bandy as Chemoil CEO.

Praxis Market Update
22 Nov 2010 14:07 GMT

Global Vision Market Report
22 Nov 2010 11:42 GMT

Rotterdam Market Report
22 Nov 2010 10:31 GMT

Market Briefing
22 Nov 2010 10:23 GMT
Oil lower on China – higher on Ireland (Brent: $85.2)

BP ordered to return items to former traders
22 Nov 2010 09:26 GMT
Court ruling orders oil major to return seized items to former members of its fuel oil and marine fuels trading teams.

Kochi LNG terminal to double capacity
22 Nov 2010 06:52 GMT
Petronet LNG to press ahead with plans to increase the capacity of its proposed LNG terminal.

Singapore releases wholesale trade data for bunkering
22 Nov 2010 06:09 GMT

Singapore Market Commentary (with evening update)
22 Nov 2010 05:05 GMT

Kochi terminal: Shortlisted companies under review
19 Nov 2010 17:05 GMT
Companies to submit business proposals to build Kochi bunker terminal.

EMSA expands oil spill response network
19 Nov 2010 15:52 GMT
Newly-contracted vessel strengthens EMSA’s coverage in the Eastern Mediterranean.

Praxis Market Update
19 Nov 2010 14:31 GMT

Global Vision Market Report
19 Nov 2010 12:47 GMT

Market Briefing
19 Nov 2010 12:21 GMT
Rebounding prices on Ireland and technicals (Brent: $86)

Rotterdam Market Report
19 Nov 2010 11:31 GMT

Chemoil announces senior management appointments
19 Nov 2010 10:47 GMT

Rotterdam: 3% rebate on harbour dues in 2011
19 Nov 2010 06:45 GMT
Europe's leading bunker port announces that it will give a once-only recovery rebate of 3% on harbour dues.

Singapore Market Commentary (with evening update)
19 Nov 2010 05:37 GMT

Lanka Marine supplies ship at Hambantota
18 Nov 2010 16:12 GMT
Sri Lankan bunker supplier delivers fuel to cargo ship during the launch of Hambantota port.

New appointment at Dan-Bunkering Shanghai
18 Nov 2010 15:21 GMT
Kuan Hua Koh joins Dan-Bunkering's Shanghai team to work as a marketing executive.

Praxis Market Update
18 Nov 2010 14:10 GMT

Global Vision Market Report
18 Nov 2010 13:06 GMT

Market Briefing
18 Nov 2010 11:11 GMT
China and Europe continued to put pressure Wednesday - rebound this morning ($84.7)

Rotterdam Market Report
18 Nov 2010 10:52 GMT

Singapore Market Commentary (with evening update)
18 Nov 2010 08:46 GMT

Contract to build first LNG-fuelled fast Ro-Ro ship
18 Nov 2010 07:07 GMT
High speed passenger vessel to be the first of its kind to be powered by liquefied natural gas.

World's largest biodiesel plant opens in Singapore
18 Nov 2010 06:37 GMT
Neste Oil starts up its new renewable diesel plant in Singapore.

Praxis Market Update
17 Nov 2010 15:43 GMT

NWE average falls $25 in four days
17 Nov 2010 15:22 GMT
BIX NWE down by 4.4 percent since November 11th as prices tumble for the fourth consecutive day.

Global Vision Market Report
17 Nov 2010 13:21 GMT

Rotterdam Market Report
17 Nov 2010 11:26 GMT

Market Briefing
17 Nov 2010 10:22 GMT
Oil down on Ireland and China (Brent: $84)

EU shipping emissions fall 2.1 percent
17 Nov 2010 08:56 GMT
Newly-published report shows that CO2 emissions from maritime transport dropped by 2.1 percent year-on-year.

Fuel oil liability insurance and sanctions
17 Nov 2010 06:22 GMT

$200m credit line for Rosneftbunker
16 Nov 2010 20:17 GMT
Russian firm in credit line facility agreement with Vnesheconombank.

Project to investigate nuclear propulsion viability
16 Nov 2010 18:01 GMT
Consortium to begin research into the commercial viability of nuclear-powered tankers.

Praxis Market Update
16 Nov 2010 14:48 GMT

Global Vision Market Report
16 Nov 2010 13:56 GMT

Market Briefing
16 Nov 2010 11:41 GMT
Oil lower on mixed data (Brent: $86.1)

Rotterdam Market Report
16 Nov 2010 10:30 GMT

Conference offers discount to Bunker Index users (FREE)
16 Nov 2010 08:39 GMT
Special offer available to Bunker Index users for upcoming fuel management event.

Savannah: Container volume up in October
16 Nov 2010 07:01 GMT
Positive outlook for bunker sales as container handling figures increase by almost 17 percent.

Record 380-cst sales for Singapore in October
16 Nov 2010 05:53 GMT
Asian port records second-highest ever sales figures as 380-cst volumes hit another new record.

Singapore Market Commentary (with evening update)
16 Nov 2010 04:52 GMT

Prices plummet in the Med
15 Nov 2010 18:42 GMT
BIX MED falls $13.34 per tonne as price levels tumble across the region.

Shell to supply in Jebel Ali
15 Nov 2010 14:22 GMT
Oil major is reportedly aiming to launch a fuel supply operation in Jebel Ali next year.

Global Vision Market Report
15 Nov 2010 13:21 GMT

Praxis Market Update
15 Nov 2010 12:21 GMT

Rotterdam Market Report
15 Nov 2010 12:16 GMT

Market Briefing
15 Nov 2010 11:31 GMT
Oil down on debt and inflation fighting fears (Brent: $87.1)

Plan to build LPG terminal at Hambantota
15 Nov 2010 08:42 GMT
LPG supplier intends to construct an all-weather storage and discharge terminal at new Sri Lankan port.

Fuel efficient engine for inland cargo ship
15 Nov 2010 06:08 GMT
Main propulsion engine chosen after fuel efficiency comparison with other engines in the same power range.

Singapore Market Commentary
15 Nov 2010 04:47 GMT

Andatee Q3 net income jumps 74 percent
12 Nov 2010 19:25 GMT
'Solid' third quarter results spearheaded by 82 percent rise in sales volumes.

Praxis Market Update
12 Nov 2010 13:32 GMT

Global Vision Market Report
12 Nov 2010 12:24 GMT

Market Briefing
12 Nov 2010 11:05 GMT
Oil lower on G20 and Chinese tightening fears (Brent: $87)

LNG bunkering tender cancelled
12 Nov 2010 11:03 GMT
Göteborg Energi stresses that the timetable for the implementation of LNG bunkering remains unchanged.

Plan to build LNG fuel supply terminal
12 Nov 2010 07:12 GMT
Terminal is intended to be used to supply LNG fuel to new generation cruise ferry.

Exxon, SK Energy in 3-year bunker deal
12 Nov 2010 06:20 GMT
Agreement to supply marine fuel to ships calling at Singapore and South Korean ports.

Singapore Market Commentary
12 Nov 2010 05:42 GMT

Hydrogen vessel engineer wins award
11 Nov 2010 19:32 GMT
Systems engineer wins award for developing fuel consumption system for vessel powered entirely by hydrogen.

Praxis Market Update
11 Nov 2010 15:01 GMT

Global Vision Market Report
11 Nov 2010 14:08 GMT

Bunker siphoning almost complete
11 Nov 2010 13:24 GMT
Remaining fuel oil aboard abandoned ship is due to be siphoned by the end of this week.

Chemoil posts US$2.6 million Q3 net profit
11 Nov 2010 10:52 GMT
CEO says company is starting to capture some of the benefits of recovering demand.

Market Briefing
11 Nov 2010 10:13 GMT
Oil down on debt crisis – rebound on inventory data (Brent: $89.5)

Rotterdam Market Report
11 Nov 2010 10:04 GMT

Aegean reports 67% drop in Q3 earnings
11 Nov 2010 06:14 GMT
Net income falls despite 82% rise in revenue as the cost of marine petroleum products sold nearly doubles.

Singapore Market Commentary (with evening update)
11 Nov 2010 05:12 GMT

Praxis Market Update
10 Nov 2010 15:21 GMT

Mass flow metering 'could become industry standard'
10 Nov 2010 15:12 GMT
OW Bunker says the adoption of mass flow meters 'makes good sense on every level'.

Global Vision Market Report
10 Nov 2010 12:54 GMT

Rotterdam Market Report
10 Nov 2010 12:24 GMT

Market Briefing
10 Nov 2010 10:02 GMT
Oil slightly higher on large inventory draw (Brent: $88.5)

'Off-spec' debunkering in Singapore
10 Nov 2010 09:06 GMT
Taiwanese firm arranges debunkering for one of its containerships in Singapore.

Maiden voyage for fuel-saving ship
10 Nov 2010 06:52 GMT
Latest NYK Line vessel, NYK Altair, is said to consume less fuel than ships with conventional engines.

Pacific Rubiales to launch bunker venture
10 Nov 2010 06:17 GMT
Energy firm plans to enter the Colombian bunker market as part of its downstream integration strategy.

Singapore Market Commentary (with evening update)
10 Nov 2010 05:10 GMT

Andatee to hold conference call
09 Nov 2010 17:05 GMT
Chinese supplier to discuss third quarter 2010 results in conference call later this week.

Ship paint cuts fuel consumption by 4 percent
09 Nov 2010 16:50 GMT
Sea trials are said to have shown that new paint improves fuel efficiency and reduces CO2 emissions.

Praxis Market Update
09 Nov 2010 15:22 GMT

Market Briefing
09 Nov 2010 10:09 GMT
Oil prices sideways – caught between a lower Euro and higher gold prices (Brent: $88.1)

International Bunkering appoints three traders
09 Nov 2010 09:05 GMT
Newly-appointed traders join the company's trading team in Dubai.

Seminar examines marine fuel options
09 Nov 2010 07:23 GMT
Event looks at alternative fuels and crude oil prices in 2011.

ICS gives 'cautious welcome' to UN report
09 Nov 2010 06:27 GMT

Singapore Market Commentary (with evening update)
09 Nov 2010 05:12 GMT

Praxis Market Update
08 Nov 2010 14:01 GMT

Global Vision Market Report
08 Nov 2010 12:54 GMT

Market Briefing
08 Nov 2010 12:42 GMT
Oil steady although job figures surprise (Brent: $87.5)

Wärtsilä Sustainability Report wins award
08 Nov 2010 12:20 GMT
Finnish firm wins sustainability reporting competition.

Rotterdam Market Report
08 Nov 2010 10:42 GMT

Paradip forecasts 175% rise in capacity
08 Nov 2010 09:01 GMT
Annual capacity is predicted to skyrocket at leading east coast port.

UN panel calls for CO2 transport tax
08 Nov 2010 07:11 GMT
UN group looking to raise $10 billion a year from taxes on international transport.

Florida terminal to quadruple in size
08 Nov 2010 06:14 GMT
Bunker volumes set to surge as US port pushes ahead with container terminal expansion.

Singapore Market Commentary (with evening update)
08 Nov 2010 05:04 GMT

Praxis Market Update
05 Nov 2010 14:42 GMT

Bulk carrier cuts fuel consumption
05 Nov 2010 13:42 GMT
'Next generation' vessel is said to save fuel and reduce CO2 emissions by up to 30 percent.

Global Vision Market Report
05 Nov 2010 13:24 GMT

Rotterdam Market Report
05 Nov 2010 10:41 GMT

Norway to assist IMO environmental projects
05 Nov 2010 10:23 GMT
Projects to focus on activities related to the protection of the marine environment.

Market Briefing
05 Nov 2010 10:11 GMT
Oil higher after Japanese easing (Brent: $87.7)

Call for shipping to 'act now' to cut emissions
05 Nov 2010 07:11 GMT
Consultancy calls for the maritime industry to develop voluntary market-based measures to reduce GHG emissions.

WFS to present at New York events
04 Nov 2010 14:13 GMT
Chairman and chief financial officer are scheduled to present at investment conferences.

Global Vision Market Report
04 Nov 2010 13:23 GMT

Praxis Market Update
04 Nov 2010 12:32 GMT

Rotterdam Market Report
04 Nov 2010 11:03 GMT

New contact details for Dan-Bunkering traders
04 Nov 2010 10:31 GMT

Market Briefing
04 Nov 2010 09:42 GMT
Bernanke sends oil higher (Brent: $87.5)

Throughput rise at Petersburg Oil Terminal
04 Nov 2010 08:39 GMT
Year-on-year throughput of oil products increases in October 2010.

Dutch ports to reward clean ships
04 Nov 2010 07:02 GMT
Ports will begin rewarding clean ocean-going vessels with discounts on their port dues in 2011.

Singapore Market Commentary (with evening update)
04 Nov 2010 06:23 GMT

OOCL joins Hong Kong low sulphur initiative
04 Nov 2010 06:22 GMT
OOCL vessels will switch to low sulphur fuel while at berth in Hong Kong.

Praxis Market Update
03 Nov 2010 13:06 GMT

Global Vision Market Report
03 Nov 2010 12:08 GMT

380-cst average rises 5.8% in Rotterdam
03 Nov 2010 11:42 GMT
Average 380-centistoke price increases by $25 per tonne at Europe's top bunker port in October.

Rotterdam Market Report
03 Nov 2010 11:31 GMT

Market Briefing
03 Nov 2010 10:03 GMT
Oil prices higher on EU numbers and API release (Brent: $85.7)

RWE to launch fuel oil desk in Singapore - sources
03 Nov 2010 08:23 GMT
German utility expected to set up a trading desk in early 2011.

Agreement to develop energy efficient ships
03 Nov 2010 06:43 GMT

Singapore Market Commentary (with evening update)
03 Nov 2010 06:14 GMT

WFS posts 26.5 percent rise in Q3 net income
03 Nov 2010 06:12 GMT
Marine segment generates a 3 percent rise in third quarter gross profit year-on-year.

Global Vision Market Report
02 Nov 2010 13:21 GMT

Praxis Market Update
02 Nov 2010 11:29 GMT

Rotterdam Market Report
02 Nov 2010 11:06 GMT

Fujairah 380-cst average rises $29 in October
02 Nov 2010 10:24 GMT
6.5 percent increase in the average price of 380-centistoke in Fujairah.

Market Briefing
02 Nov 2010 09:21 GMT
Oil prices higher on increasing Saudi expected trading range (Brent: $84.6)

'Much interest' to develop Rotterdam oil terminal
02 Nov 2010 08:42 GMT
Port authority says it has held discussions with a number of parties to build a tank terminal for oil products.

Trader in Rotterdam to Singapore arb play
02 Nov 2010 06:54 GMT
Trading firm scheduled to ship 270,000-tonne fuel oil cargo to Singapore later this week.

Flowmeters installed to cut fuel costs
02 Nov 2010 06:31 GMT
Rederi AB Transatlantic installs mass flowmeters on several ships in its fleet.

Singapore Market Commentary (with evening update)
02 Nov 2010 05:05 GMT

Global Vision Market Report
01 Nov 2010 13:42 GMT

Praxis Market Update
01 Nov 2010 13:22 GMT

Rotterdam Market Report
01 Nov 2010 10:46 GMT

Market Briefing
01 Nov 2010 10:15 GMT

Singapore extends ISO 8217:2005 until July 2012
01 Nov 2010 10:09 GMT
Extension aims to provide the industry with enough time to be ISO 8217:2005 compliant.

Bunker Index (BIX) statistical summary
01 Nov 2010 09:01 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

BIX global average rises $27.50 in October
01 Nov 2010 07:33 GMT
Average monthly global bunker price increases in October by 4.8 percent.

Singapore 380-cst average up $26 in October
01 Nov 2010 06:09 GMT
Average price of 380-centistoke rises by 6.0 percent at the world's leading bunker port.

Singapore Market Commentary (with evening update)
01 Nov 2010 05:22 GMT



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