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Home » News » News Archive - March 2011


News Archive - March 2011

LNG-fuelled Ro-Ro ship bound for South America
30 Mar 2011 17:42 GMT
World's first LNG-powered high speed passenger Ro-Ro ship will operate between Argentina and Uruguay.

WWL cuts CO2 emissions by 21 percent
30 Mar 2011 17:31 GMT
Wallenius Wilhelmsen Logistics says it managed to cut its CO2 emissions last year compared to 2009.

Global Vision Market Report
30 Mar 2011 15:21 GMT

Praxis Market Update
30 Mar 2011 15:15 GMT

PMSA loses appeal against clean fuel regulations
30 Mar 2009 13:38 GMT
Ruling means ships will still be required to burn cleaner fuels within 24 miles of the California coastline.

Rotterdam Market Report
30 Mar 2011 10:41 GMT

Market Briefing
30 Mar 2011 10:13 GMT

OW Bunker strengthens trading team
30 Mar 2011 09:27 GMT
Leading supplier announces the appointment of two bunker traders in Denmark.

Trafigura acquires Exxon fuels businesses
30 Mar 2011 08:33 GMT
Deal includes the purchase of marine fuel supply units in Panama and Guatemala.

Singapore Market Commentary (with evening update)
30 Mar 2011 08:21 GMT

UK: Bunkers International moves office
29 Mar 2011 18:21 GMT
Bunker firm relocates to new office building to accommodate growth.

Global Vision Market Report
29 Mar 2011 16:00 GMT

Praxis Market Update
29 Mar 2011 14:41 GMT

Market Briefing
29 Mar 2011 11:48 GMT
Oil falls on nuclear worries

New vessel concept powered by dual fuel engines
29 Mar 2011 09:51 GMT
Installation vessel concept is able to operate on LNG.

Alaskan operator ups fuel surcharge
29 Mar 2011 09:13 GMT
Shipping firm raises surcharge as a result of escalating bunker prices.

Petrobras tanker supplying off São Luís
29 Mar 2011 08:08 GMT
Vessel begins carrying out deliveries of intermediate fuel oil and marine gasoil in Maranhão.

Singapore Market Commentary (with evening update)
29 Mar 2011 06:41 GMT

Praxis Market Update
28 Mar 2011 16:51 GMT

Global Vision Market Report
28 Mar 2011 16:01 GMT

Sinopec leases Yantai bunker storage
28 Mar 2011 13:27 GMT
Supplier rents tank farm capacity for its bunkering operations in Shandong.

Rotterdam Market Report
28 Mar 2011 12:11 GMT

Market Briefing
28 Mar 2011 11:35 GMT
Oil prices dropping (Brent: $114.98)

Shipping’s dilemma as sulphur rules tighten
28 Mar 2011 09:03 GMT
To scrub or not to scrub? - Exhaust scrubbers are predicted to play an important role in the coming years as regulations become more stringent.

Hambantota bunkering to begin in June
28 Mar 2011 08:42 GMT
SLPA set to commence bunkering operations as tank farm construction nears completion.

Cruise firm awards fuel cell power contract
28 Mar 2011 07:24 GMT
Vessel to be propelled by hydrogen fuel cells, wind, solar and a Tier II diesel engine.

Singapore Market Commentary (with evening update)
28 Mar 2011 06:44 GMT

Eniram joins environmental performance program
25 Mar 2011 15:41 GMT
Provider of decision support systems becomes member of voluntary North American eco-program.

Bharat Petroleum to supply at Kandla
25 Mar 2011 13:06 GMT
Supplier set to begin deliveries of marine fuel at west coast port.

Global Vision Market Report
25 Mar 2011 11:31 GMT

Rotterdam Market Report
25 Mar 2011 11:01 GMT

Market Briefing
25 Mar 2011 10:51 GMT
Oil prices slightly higher after EU bailout fund agreement.

Cosco Int'l: Bunker sales make 'substantial revenue contribution'
25 Mar 2011 10:33 GMT

Singapore Market Commentary (with evening update)
25 Mar 2011 08:23 GMT

Singapore: KPI Bridge Oil appoints accountant
24 Mar 2011 18:02 GMT
Ex-SK Energy accountant joins KPI Bridge Oil's expanding team in Singapore.

Praxis Market Update
24 Mar 2011 15:05 GMT

Global Vision Market Report
24 Mar 2011 14:56 GMT

Market Briefing
24 Mar 2011 13:31 GMT
Oil prices sideways.

Japan: ExxonMobil refineries fully operational
24 Mar 2011 13:15 GMT
Oil major confirms that it has restored production at all of its refineries in Japan.

Rotterdam Market Report
24 Mar 2011 11:51 GMT

World’s first Tier-III-compliant, two-stroke engine unveiled
24 Mar 2011 11:43 GMT
New engine is said to meet the IMO's strictest emission standards, due to come into force in 2016.

'Time is now' for floating LNG terminals
24 Mar 2011 11:24 GMT
Classification society says it is in advanced stages of design review for a number of floating LNG concepts.

Singapore Market Commentary
24 Mar 2011 08:21 GMT

Praxis Market Update
23 Mar 2011 13:44 GMT

Survey: Shipping confidence drops again
23 Mar 2011 13:38 GMT
Survey says confidence levels in the shipping industry fell for the third successive quarter.

Global Vision Market Report
23 Mar 2011 12:38 GMT

Market Briefing
23 Mar 2011 12:21 GMT
Oil higher on contagion fears.

Petroplus not ruling out refinery acquisitions
23 Mar 2011 11:47 GMT
CEO says it would be looking for a refinery to deliver a profitablity similar to that of its Coryton plant.

Rotterdam Market Report
23 Mar 2011 10:46 GMT

Matson to post loss on higher bunker costs
23 Mar 2011 07:45 GMT
CEO says higher fuel prices are having a 'disproportionate effect' on transportation firms.

Andatee to release year end results
23 Mar 2011 07:14 GMT
Chinese supplier to discuss fourth quarter and year end results in conference call later this month.

Singapore Market Commentary (with evening update)
23 Mar 2011 06:14 GMT

Global lubricant report is released
22 Mar 2011 19:29 GMT
Report analyses the worldwide markets for lubricating oils and greases.

PetroChina eyes Fujairah oil storage - again
22 Mar 2011 15:52 GMT
Oil giant is reportedly seeking to build storage capacity at the Middle East hub.

Global Vision Market Report
22 Mar 2011 15:05 GMT

Praxis Market Update
22 Mar 2011 14:56 GMT

Bunker management software released
22 Mar 2011 13:30 GMT
Management tool aims to help operators enhance voyage profitability.

KPI Bridge Oil appoints trader in Singapore
22 Mar 2011 12:51 GMT
Latest appointment takes total number of bunker traders in Singapore to twelve.

Market Briefing
22 Mar 2011 11:38 GMT
Oil trending sideways - taking a breather after the rollercoaster ride.

Rotterdam Market Report
22 Mar 2011 11:21 GMT

Singapore Market Commentary (with evening update)
22 Mar 2011 07:18 GMT

Global Vision Market Report
21 Mar 2011 14:58 GMT

Praxis Market Update
21 Mar 2011 13:41 GMT

BP sells US terminals and pipelines
21 Mar 2011 13:32 GMT
Deal includes 33 refined petroleum products terminals and 1,000 miles of pipelines.

Exhaust gas cleaning system guide released
21 Mar 2011 13:13 GMT
Guide aims to help operators decide whether to switch to distillates or install EGCS technology.

Rotterdam Market Report
21 Mar 2011 10:32 GMT

Market Briefing
21 Mar 2011 10:27 GMT
Oil prices stable – no-fly zone active – Arab league doubtful.

Singapore Market Commentary (with evening update)
21 Mar 2011 09:27 GMT

Wärtsilä to supply additional equipment to LNG-fuelled ferry
21 Mar 2011 09:18 GMT
Extension contract covers onboard LNG storage and supply systems.

Brightoil $600 million loan approved
21 Mar 2011 08:58 GMT
Bunker supplier secures US$600 million loan facility from Chinese bank.

Aegean stock jumps on CNBC comments
18 Mar 2011 21:50 GMT
Bunker supplier issues statement on policy regarding 'unusual market activity'.

Market outlook examines role of WTI crude
18 Mar 2011 17:31 GMT

Global Vision Market Report
18 Mar 2011 15:03 GMT

Praxis Market Update
18 Mar 2011 14:47 GMT

Market Briefing
18 Mar 2011 13:35 GMT
Oil jumps on less nuclear worries and No-Fly zone.

NWE MGO average ends the week $17 higher
18 Mar 2011 13:31 GMT
MGO prices rise for the third consecutive day in North West Europe.

Rotterdam Market Report
18 Mar 2011 10:52 GMT

Singapore Market Commentary (with evening update)
18 Mar 2011 06:44 GMT

KPI Bridge Oil appoints trader in New York
17 Mar 2011 17:12 GMT
Lubricants trader joins KPI Bridge Oil's trading team in New York.

Global Vision Market Report
17 Mar 2011 16:43 GMT

Praxis Market Update
17 Mar 2011 14:39 GMT

Kittiwake appoints business development manager
17 Mar 2011 13:00 GMT
Role includes responsibility for recently-acquired emissions monitoring technology specialist Procal.

Singapore fuel oil stocks down a third week
17 Mar 2011 12:31 GMT
Stockpiles decrease by 2.3 percent in the seven days up to March 16th.

Market Briefing
17 Mar 2011 11:23 GMT
Oil prices increase as demand seen higher on nuclear (Brent: $112)

Rotterdam Market Report
17 Mar 2011 10:51 GMT

Sensor technology gets green light
17 Mar 2011 08:58 GMT
Approval obtained for pressure sensors in natural gas engines and dual fuel systems for ships.

Singapore Market Commentary (with evening update)
17 Mar 2011 06:38 GMT

Study identifies potential for LNG bunkering in Singapore
16 Mar 2011 17:41 GMT
Study says LNG propulsion could have an 'exciting impact' on Singapore as a bunkering hub.

Global Vision Market Report
16 Mar 2011 14:48 GMT

Praxis Market Update
16 Mar 2011 14:45 GMT

ICE launches new OTC oil contracts
16 Mar 2011 12:57 GMT
New contracts will be available from next month.

Market Briefing
16 Mar 2011 12:07 GMT
Oil rebounds after selling spree (Brent: $110)

KPI Bridge Oil appoints Admin Executive
16 Mar 2011 10:47 GMT
Bunker firm strengthens Singapore team with latest appointment.

Rotterdam Market Report
16 Mar 2011 10:04 GMT

New invocing contact at PDVSA
16 Mar 2011 09:31 GMT
Venezuelan oil firm names new contact person for bunker invoicing.

Singapore Market Commentary (with evening update)
16 Mar 2011 06:36 GMT

Kirby acquires K-Sea Transportation
15 Mar 2011 19:42 GMT
$600 million acquisition is expected to be completed in June-July 2011.

Fujairah terminal could be launched in 2011
15 Mar 2011 19:19 GMT
New launch target for UAE facility as joint venture project progresses ahead of schedule.

CMA CGM to launch eco-calculator
15 Mar 2011 18:31 GMT
Tool uses fuel consumption, freight volume and vessel speed data to calculate the carbon footprint of a journey.

Praxis Market Update
15 Mar 2011 14:50 GMT

Global Vision Market Report
15 Mar 2011 14:31 GMT

Market Briefing
15 Mar 2011 12:51 GMT
Oil prices drops heavily on nuclear fears (Brent: $108).

Carbon War Room to host presentation
15 Mar 2011 12:43 GMT
Webinar to be held later this week to present ship efficiency initiative.

Rotterdam Market Report
15 Mar 2011 10:31 GMT

Two-stroke gas engine developed for concept ship
15 Mar 2011 07:44 GMT
Engine is said to achieve 'full fuel flexibility' and meet upcoming ECA requirements.

Singapore: Accumulated sales up 10.8% in 2011
15 Mar 2011 07:14 GMT
2011 volumes remain 676,300 tonnes higher than last year despite month-on-month decline in February.

Singapore Market Commentary (with evening update)
15 Mar 2011 05:40 GMT

Global Vision Market Report
14 Mar 2011 16:12 GMT

Praxis Market Update
14 Mar 2011 14:32 GMT

LNG discussed at annual meeting
14 Mar 2011 13:13 GMT
Event examines the commercial benefits and implications of using gas as ship fuel.

Rotterdam Market Report
14 Mar 2011 10:16 GMT

Market Briefing
14 Mar 2011 10:11 GMT
Japan Earthquake still in focus (Brent: $112).

Carnival deals blow to Mobile cruise volumes
14 Mar 2011 07:21 GMT
Cruise operator pulls out of Alabama port citing high bunker costs.

Utility seeks up to 72,000 mt of fuel oil
14 Mar 2011 06:45 GMT
Fuel oil cargo to be delivered to Asian generation company in April.

Petrobras announces trader replacement
14 Mar 2011 06:19 GMT
Bunker trader will be in charge of enquiries for Argentina and Uruguay.

Singapore Market Commentary (with evening update)
14 Mar 2011 05:38 GMT

Praxis Market Update
11 Mar 2011 15:45 GMT

Emulsion fuel developer aims to raise US$4.8m
11 Mar 2011 15:23 GMT
UK firm intends to use proceeeds to develop its existing emulsion fuel projects.

Ships detained for illegal fuel transfer
11 Mar 2011 14:51 GMT
Enforcement Agency detains two vessels for illegally transferring marine fuel.

Global Vision Market Report
11 Mar 2011 14:14 GMT

Market Briefing
11 Mar 2011 11:40 GMT
Oil prices down on Saudi, while focus is on Japan earthquake.

Stolt-Nielsen looking to develop seaweed propulsion
11 Mar 2011 10:52 GMT
Ship operator interested in developing biofuel for ships from the cultivation of seaweed.

Rotterdam Market Report
11 Mar 2011 10:04 GMT

Singapore Market Commentary (with evening update)
11 Mar 2011 09:38 GMT

Bunker Index to launch Bunker Network and BunkerChat (FREE)
10 Mar 2011 11:10 GMT
New bunker networking section to be launched soon.

Praxis Market Update
10 Mar 2011 17:28 GMT

Global Vision Market Report
10 Mar 2011 15:09 GMT

Market Briefing
10 Mar 2011 13:41 GMT
Oil jumps on Libyan oil supply drop - falls on trade data

Bunker Index announces events for 2012 (FREE)
10 Mar 2011 11:51 GMT
Bunker Index events programme for 2012 revealed.

Rotterdam Market Report
10 Mar 2011 10:10 GMT

Singapore Market Commentary (with evening update)
10 Mar 2011 09:25 GMT

Bunker Index publishes LNG indicators
10 Mar 2011 07:47 GMT
Daily natural gas futures prices now published on the home page of Bunker Index.

KPI Bridge Oil appoints bunker trader
10 Mar 2011 17:41 GMT
Trader joins KPI Bridge Oil's office in Singapore.

Global Vision Market Report
09 Mar 2011 16:21 GMT

Prices plummet in the Med
09 Mar 2011 16:09 GMT
BIX MED falls for only the second time this month as MGO prices drop $23.30.

KPI Bridge Oil London appoints team leader
09 Mar 2011 13:33 GMT
Trader promoted to the role of team leader at KPI Bridge Oil's UK office.

Praxis Market Update
09 Mar 2011 13:21 GMT

Maersk extends fuel switch programme to New Zealand
09 Mar 2011 10:51 GMT
Shipping line expands its fuel switch programme to include nine New Zealand ports.

Rotterdam Market Report
09 Mar 2011 10:23 GMT

Market Briefing
09 Mar 2011 10:12 GMT
Oil hits the lower technical barrier

Gas-fuelled ship to deliver first shipload
09 Mar 2011 08:01 GMT
LNG cargo to be delivered to leading European gas company.

Singapore Market Commentary (with evening update)
09 Mar 2011 06:24 GMT

Global Vision Market Report
08 Mar 2011 16:52 GMT

Praxis Market Update
08 Mar 2011 15:32 GMT

Vopak expands syndicate of international banks
08 Mar 2011 12:04 GMT
Terminal operator reaches agreement with Industrial and Commercial Bank of China.

Rotterdam Market Report
08 Mar 2011 10:16 GMT

Market Briefing
08 Mar 2011 10:14 GMT
Is Qaddafi ready to leave?

Vopak Fujairah terminal 'fully occupied'
08 Mar 2011 08:33 GMT

NYK mulls further speed cut
08 Mar 2011 08:01 GMT
Shipping line may reduce the speed of its container vessels in a bid to lower bunker costs.

Singapore Market Commentary (with evening update)
08 Mar 2011 06:08 GMT

UK seminar on 'cleaner shipping'
07 Mar 2011 16:08 GMT
Seminar to be held next week in Central London.

NPRA issues GHG regulation warning
07 Mar 2011 15:26 GMT
Association says emissions regulation could drive many refineries out of business.

Global Vision Market Report
07 Mar 2011 15:13 GMT

Buckeye to expand BORCO facility
07 Mar 2011 14:56 GMT
Plan to build up to 7.5 million barrels of flexible petroleum product storage.

Rotterdam Market Report
07 Mar 2011 12:14 GMT

Wärtsilä engine offers 'highly competitive' fuel consumption
07 Mar 2011 12:13 GMT
Engine is said to provide a better brake specific fuel consumption over an extended load range.

Economic Events: Week 10, 2011
07 Mar 2011 11:28 GMT

Market Briefing
07 Mar 2011 11:21 GMT
Oil higher on continued Middle Eastern unrest (Brent: $117)

Singapore Market Commentary (with evening update)
07 Mar 2011 06:34 GMT

Praxis Market Update
04 Mar 2011 16:25 GMT

Record numbers at IBIA Annual Dinner
04 Mar 2011 15:16 GMT
Association says Grosvenor House event attracted a record number of bunker industry members.

Global Vision Market Report
04 Mar 2011 14:13 GMT

Oiltanking acquires Panama bunker terminal
04 Mar 2011 13:56 GMT
Colón facility aims to meet increasing demand for marine fuels in the Panama Canal.

Rotterdam Market Report
04 Mar 2011 11:22 GMT

Market Briefing
04 Mar 2011 11:10 GMT
Oil lower on ECB - rebound on Saudi protests and economic growth (Brent: $116)

KPI Bridge Oil appoints trader in Singapore
04 Mar 2011 07:33 GMT
Singapore operation recruits second bunker trader of 2011.

Singapore Market Commentary (with evening update)
04 Mar 2011 06:41 GMT

IBIA appoints three board members
03 Mar 2011 17:08 GMT
Three members are elected to IBIA's board of directors, two members retire.

Praxis Market Update
03 Mar 2011 16:42 GMT

Global Vision Market Report
03 Mar 2011 15:28 GMT

Chemoil announces new management team
03 Mar 2011 11:57 GMT
Appointments include new Chief Financial Officer and OceanConnect Marine Managing Director.

Rotterdam Market Report
03 Mar 2011 11:42 GMT

Market Briefing
03 Mar 2011 10:51 GMT
Oil prices drop on Chinese refining story - but rebound on strong buying interest

OW Bunker appoints regional manager
03 Mar 2011 09:13 GMT
New regional manager for the Middle East and South Africa will be based in Dubai.

Aegean starts bunkering in Cape Verde
03 Mar 2011 08:54 GMT
Supplier providing bunkering services at Mindelo and off-Cape Verde.

Wärtsilä wins contract for LNG-fuelled ferry
03 Mar 2011 08:25 GMT
Finnish firm to supply propulsion machinery for world's largest LNG-powered passenger ferry.

Aegean records $12m loss in Q4 2010
03 Mar 2011 07:44 GMT
Aegean posts loss as cost of marine petroleum products sold surges 80 percent.

Singapore Market Commentary (with evening update)
03 Mar 2011 07:21 GMT

MOL aims to cut fuel consumption by 6%
02 Mar 2011 17:10 GMT
Shipping line to apply anti-fouling paint on newbuild bulker in a bid to reduce bunker consumption.

Praxis Market Update
02 Mar 2011 16:18 GMT

WFS completes acquisition of Nordic Camp Supply
02 Mar 2011 14:01 GMT

Global Vision Market Report
02 Mar 2011 13:44 GMT

Market Briefing
02 Mar 2011 12:41 GMT

BCI merges with Brookes Bell
02 Mar 2011 11:15 GMT
Bunker Claims International in tie-up with UK-based marine consultancy.

Rotterdam Market Report
02 Mar 2011 10:56 GMT

Cargill to install kite on handysize ship
02 Mar 2011 10:46 GMT
Vessel set to be the largest in the world to be powered by kite propulsion technology.

Singapore Market Commentary (with evening update)
02 Mar 2011 07:02 GMT

KPI Bridge Oil appoints key account manager
01 Mar 2011 20:22 GMT
Experienced shipping professional joins KPI Bridge Oil's London office.

Praxis Market Update
01 Mar 2011 17:03 GMT

Dan-Bunkering office 'off to a great start'
01 Mar 2011 15:33 GMT
Positive first month for Dan-Bunkering's new operation in Monaco.

Market Briefing
01 Mar 2011 11:14 GMT

Economic Events: Week 9, 2011
01 Mar 2011 11:11 GMT

Rotterdam Market Report
01 Mar 2011 10:35 GMT

Three cruise lines 'plugged in' at LA
01 Mar 2011 09:37 GMT
US port becomes the first worldwide to provide onshore power to three cruise lines.

Rotterdam 380-cst average up 10% in February
01 Mar 2011 07:21 GMT
Average 380-centistoke price rises by $52 per tonne at Europe's top bunker port in February.

Bunker Index (BIX) statistical summary
01 Mar 2011 07:06 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

Global bunker average up $62 in February
01 Mar 2011 06:45 GMT
Highest rise since June 2009 as average monthly global bunker price climbs for the fifth consecutive month.

Singapore Market Commentary (with evening update)
01 Mar 2011 06:08 GMT



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