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Home » News » News Archive - May 2011


News Archive - May 2011

Praxis Market Update
30 May 2011 14:32 GMT

Global Vision Market Report
30 May 2011 13:01 GMT

Rotterdam Market Report
30 May 2011 12:35 GMT

Market Briefing
30 May 2011 11:45 GMT
Oil still flat - US/UK closed (Brent: $114.7)

Eco-ship concept wins award
30 May 2011 08:17 GMT
Ship design includes integrated rudder and propeller system to reduce fuel consumption.

Singapore Market Commentary (with evening update)
30 May 2011 07:31 GMT

Praxis Market Update
27 May 2011 16:37 GMT

Joint project to develop fuel-saving VLOC
27 May 2011 15:10 GMT
VLOC design allows space for LNG tanks to be stored below the main deck.

Global Vision Market Report
27 May 2011 14:55 GMT

Guide for LNG-powered ships is launched
27 May 2011 13:11 GMT
Guide provides criteria for the construction, installation and operation of components and systems for LNG-powered ships.

Greek operator reviews fuel efficiency plan
27 May 2011 12:53 GMT
Tanker operator aims to improve the energy efficiency of its seaborne operations.

Mission to deliver first LNG-fuelled bulk carrier
27 May 2011 12:31 GMT
Joint project aims to develop an energy-efficient LNG-powered bulk carrier to significantly lower bunker costs.

Rotterdam Market Report
27 May 2011 11:31 GMT

Market Briefing
27 May 2011 09:51 GMT
Oil sideways on quiet day (Brent: $115)

Hybrid power system to be tested in June
27 May 2011 07:17 GMT
System to be installed on solar power-assisted vessel and adapted to use low sulphur fuel.

Singapore Market Commentary (with evening update)
27 May 2011 06:15 GMT

Investigation into fuel consumption values
26 May 2011 15:53 GMT
MAN Diesel investigates possible irregularities during the handover of 4-stroke marine diesel engines.

Praxis Market Update
26 May 2011 15:41 GMT

Global Vision Market Report
26 May 2011 14:14 GMT

Singapore fuel oil stocks fall 0.8m barrels
26 May 2011 13:16 GMT
Stockpiles fall from their highest level in three weeks in Singapore.

Rotterdam Market Report
26 May 2011 10:44 GMT

Market Briefing
26 May 2011 10:38 GMT
Oil up on technical trading- bearish gasoline inventories (Brent: $115)

Shoreside power installation update
26 May 2011 09:31 GMT
Update on prototype project to power RoPax ferry at the port of Oslo.

DC system cuts fuel consumption by 20%
26 May 2011 07:14 GMT
Onboard DC electrical system is said to improve the energy efficiency of ships compared to traditional AC-powered systems.

Singapore Market Commentary (with evening update)
26 May 2011 06:17 GMT

Praxis Market Update
25 May 2011 15:30 GMT

Project to develop LNG bunkering in North Europe
25 May 2011 13:51 GMT
Initiative aims to pave the way for ships in the Baltic Sea, North Sea and English Channel to be powered by LNG.

Global Vision Market Report
25 May 2011 13:26 GMT

DNVPS launches data analytics tool
25 May 2011 13:08 GMT
Tool provides information on bunker deliveries as an aid for effective procurement and benchmarking.

Market Briefing
25 May 2011 11:44 GMT
Oil rebounds on economic data - bullish technicals (Brent: $112.6)

Rotterdam Market Report
25 May 2011 10:41 GMT

Contract awarded for 'fuel-efficient' PSV
25 May 2011 06:54 GMT
New vessel is said to be one of the most fuel-efficient supply vessels ever to be launched.

Singapore Market Commentary (with evening update)
25 May 2011 05:58 GMT

Praxis Market Update
24 May 2011 15:22 GMT

Global Vision Market Report
24 May 2011 13:25 GMT

Rotterdam Market Report
24 May 2011 12:31 GMT

Market Briefing
24 May 2011 11:31 GMT
Oil higher as 110 seems hard to break (Brent: $111.2)

Ship routing firm launches specialized services
24 May 2011 11:18 GMT
Specialized ship routing and fleet management services designed to reduce fuel consumption.

Brightoil in fuel oil buying spree
24 May 2011 09:41 GMT
Chinese supplier purchases fixed swap contracts and physical cargoes.

Air emissions on the agenda at US seminar
24 May 2011 07:28 GMT
Seminar to explore environmental issues in shipping.

Book launch: Commercial Practice in Bunkering
24 May 2011 06:57 GMT
Nigel Draffin releases guidance on the process and methods of buying and selling bunker fuels.

Singapore Market Commentary
24 May 2011 06:02 GMT

Praxis Market Update
23 May 2011 15:47 GMT

Global Vision Market Report
23 May 2011 12:58 GMT

Market Briefing
23 May 2011 11:22 GMT
Oil down with general bearish sentiment (Brent: $110)

Rotterdam Market Report
23 May 2011 11:12 GMT

European biofuel contract announced
23 May 2011 08:41 GMT
Contract to supply engines for first European shipping operation to be permanently powered by liquid biofuel.

US firm to build Texas marine terminal
23 May 2011 07:09 GMT
Project to develop 1.5 million barrels of storage capacity by the fourth quarter of 2012.

Agreement to develop Johor oil terminal
23 May 2011 06:33 GMT
Project forms part of plan to develop Southeast Johor into a regional oil and gas hub.

Singapore Market Commentary (with evening update)
23 May 2011 05:52 GMT

Praxis Market Update
20 May 2011 14:28 GMT

Global Vision Market Report
20 May 2011 13:16 GMT

Rotterdam Market Report
20 May 2011 12:09 GMT

Shell launches bunker service at Jebel Ali
20 May 2011 11:26 GMT
New bunkering operation launched at the Middle East's largest container port.

NedStore begins terminal development
20 May 2011 08:02 GMT
Dutch storage firm begins the first phase of its liquid bulk construction project.

North Sea Group and Argos Oil in merger talks
20 May 2011 07:08 GMT
Energy tie-up set to include the bunkering activities of both firms.

Singapore Market Commentary (with evening update)
20 May 2011 06:17 GMT

Praxis Market Update
19 May 2011 15:31 GMT

Singapore fuel oil stocks up 1.5m barrels
19 May 2011 14:21 GMT
Stockpiles rise following two consecutive weeks of declines.

Global Vision Market Report
19 May 2011 13:56 GMT

Market Briefing
19 May 2011 13:25 GMT
Oil rebounds from lower ranged levels (Brent: $112.5)

Greece braced for disruption to fuel supplies
19 May 2011 11:38 GMT
Local strike is expected to lead to supply issues in the Greek bunker market.

Rotterdam Market Report
19 May 2011 11:22 GMT

New engines designed to lower fuel consumption
19 May 2011 09:27 GMT
Low-speed Wärtsilä engines are due to be launched in 2013-14.

Singapore Market Commentary (with evening update)
19 May 2011 06:21 GMT

Initiative calls for action to create sustainable industry
18 May 2011 19:21 GMT
Shipping leaders call on the industry to create a maritime sector that is socially and environmentally responsible and profitable.

Odfjell in terminal ownership deal
18 May 2011 18:53 GMT
Equity firm to acquire stake in Rotterdam and Houston storage terminals.

Praxis Market Update
18 May 2011 15:12 GMT

Piraeus MGO below $900, first time since Feb
18 May 2011 13:53 GMT
MGO price in Piraeus falls below the $900 per tonne mark for the first time in almost three months.

Global Vision Market Report
18 May 2011 12:22 GMT

Market Briefing
18 May 2011 12:01 GMT
Volatile oil prices continue (Brent: $110.5)

Rotterdam Market Report
18 May 2011 11:02 GMT

NOL stock downgraded to 'hold'
18 May 2011 09:33 GMT
Singapore bank downgrades Neptune Orient Lines stock following Q1 net loss.

Hong Kong: Chimbusco to lease additional storage - sources
18 May 2011 08:57 GMT
Supplier is reported to be planning to lease additional storage capacity for fuel oil in Hong Kong.

Singapore Market Commentary (with evening update)
18 May 2011 05:58 GMT

Praxis Market Update
17 May 2011 13:57 GMT

Former Vopak CEO dies aged 47
17 May 2011 13:34 GMT
John Paul Broeders passed away this week after suffering from cancer.

Global Vision Market Report
17 May 2011 12:45 GMT

Rotterdam Market Report
17 May 2011 12:22 GMT

Houston emissions four times higher than California
17 May 2011 09:41 GMT
Study says clean fuel regulations have been effective in reducing sulphur pollution in California.

Market Briefing
17 May 2011 09:31 GMT
Oil falls on lower activity and Libyan defector (Brent: $110.5)

Dan-Bunkering appoints trader in Singapore
17 May 2011 09:04 GMT
Bunker firm expands Singapore team with new member of staff.

Praxis Market Update
16 May 2011 14:54 GMT

Efficiency must 'take on a new meaning'
16 May 2011 13:12 GMT
Classification society says being efficient means more than simply burning less fuel.

Global Vision Market Report
16 May 2011 12:58 GMT

Market Briefing
16 May 2011 12:42 GMT
Oil down as traders find their feet (Brent: $112.5)

Rotterdam Market Report
16 May 2011 11:33 GMT

Cockett oil spill response accredited
16 May 2011 10:02 GMT
Bunker supplier is granted high level safety accreditation by the UK Spill Association.

Singapore Market Commentary (with evening update)
16 May 2011 08:31 GMT

NOL posts loss on higher bunker costs
16 May 2011 07:21 GMT
Rising bunker prices continue to put pressure on costs and weigh down earnings.

China: VLCC market to benefit from oil import growth
13 May 2011 20:13 GMT
China's VLCC fleet is set to expand by 40 percent over the next four years as demand for imported oil continues to rise.

Matson fuel surcharge hits new record
13 May 2011 19:44 GMT
Fuel surcharge climbs to new record high for Hawaii's largest ocean shipper.

Praxis Market Update
13 May 2011 17:42 GMT

Andatee Q1 net income up 65 percent
13 May 2011 14:16 GMT
Net profit surge for Chinese supplier as first quarter revenues rise 49 percent.

Global Vision Market Report
13 May 2011 13:41 GMT

Market Briefing
13 May 2011 11:53 GMT
Oil higher on Chinese diesel export ban and German growth (Brent: $114.5)

Singapore sales fall 7.7 percent in April
13 May 2011 10:07 GMT
500-centistoke sales record largest year-on-year decline since November 2009.

Pollution risk seminar to be held next week
13 May 2011 08:21 GMT
Event to examine whether existing response capacities in the Baltic are enough to tackle major pollution incidents.

Singapore Market Commentary (with evening update)
13 May 2011 07:14 GMT

Praxis Market Update
12 May 2011 14:38 GMT

Global Vision Market Report
12 May 2011 13:22 GMT

Singapore fuel oil stocks fall 3.7 percent
12 May 2011 13:16 GMT
Stockpiles fall for the second consecutive week after peaking at the end of April.

Trader leaves Aegean Marine Petroleum
12 May 2011 12:50 GMT
Bunker trader leaves Aegean's head office in Piraeus.

Market Briefing
12 May 2011 11:52 GMT
Oil prices drop on gasoline demand worries (Brent: $111.8)

Rotterdam Market Report
12 May 2011 11:32 GMT

Aegean posts 72% drop in net income
12 May 2011 06:52 GMT
Net income falls despite 58.5 percent rise in sales volumes during the first quarter.

Bunkers International expands credit facility
12 May 2011 06:22 GMT
Eight-figure credit line is increased by 70 percent, while the term expands by several years.

Singapore Market Commentary (with evening update)
12 May 2011 06:11 GMT

'Major concerns' over bunker costs in North America
11 May 2011 19:31 GMT
Fuel costs will be a main concern for the North American shipping sector in 2011, sales director says.

Maersk: 'Negative effect' of bunker prices in 2011
11 May 2011 16:23 GMT
World's largest container line expects high fuel prices to continue to have a negative effect on margins this year.

Crude oil discharged from Gothenburg
11 May 2011 14:18 GMT
Crude oil stored in underground cavern to be exported abroad for the first time.

Praxis Market Update
11 May 2011 13:57 GMT

Global Vision Market Report
11 May 2011 13:43 GMT

Rotterdam Market Report
11 May 2011 11:51 GMT

Market Briefing
11 May 2011 11:37 GMT
Oil higher as flooding threaten refineries (Brent: 117)

Port Dickson fuel oil leak contained
11 May 2011 10:07 GMT
Shell says the clean-up operation at its Port Dickson refinery is now under control.

Singapore Market Commentary (with evening update)
11 May 2011 06:41 GMT

$58m awarded for shore-side power projects
10 May 2011 14:41 GMT
Projects will aim to reduce emissions at Californian ports.

LNG-powered inland ships to operate in autumn
10 May 2011 14:22 GMT
Inland ships powered by liquefied natural gas will begin operating later this year.

Global Vision Market Report
10 May 2011 12:57 GMT

Rotterdam Market Report
10 May 2011 11:53 GMT

Market Briefing
10 May 2011 10:20 GMT
Oil paints technical picture (Brent: 115.68)

High bunker prices 'putting pressure' on profits
10 May 2011 08:35 GMT
Braemar Shipping chairman says rise in bunker prices is putting pressure on owners to consider their strategy.

Singapore Market Commentary (with evening update)
10 May 2011 07:12 GMT

Venezuela: Product availability update
09 May 2011 18:05 GMT
Latest update on product availability in Venezuelan ports.

Praxis Market Update
09 May 2011 14:52 GMT

Fruit firm reveals bunker hedging rates
09 May 2011 13:51 GMT
Details released regarding bunker fuel purchases for 2012-2014.

Global Vision Market Report
09 May 2011 13:28 GMT

Rotterdam Market Report
09 May 2011 13:01 GMT

Economic Events: Week 19, 2011
09 May 2011 11:44 GMT

Market Briefing
09 May 2011 10:30 GMT
Oil bouncy as hedge funds are finding their feet (Brent: $111.5)

Europoort terminal fully booked for 2011
09 May 2011 07:34 GMT
Terminal capacity at oil storage facility is 100 percent let until the end of the year.

Andatee to announce Q1 results this week
09 May 2011 07:04 GMT
Chinese supplier to release financial results for the first quarter.

Singapore Market Commentary (with evening update)
09 May 2011 06:07 GMT

CME launches fuel oil contracts
06 May 2011 17:41 GMT

Petroplus posts $15 million Q1 loss
06 May 2011 16:37 GMT

Praxis Market Update
06 May 2011 16:22 GMT

Trader buys 55,000 tonnes of fuel oil
06 May 2011 16:21 GMT
Fuel oil cargoes are scheduled for loading in mid-May.

DNV releases market survey findings
06 May 2011 15:41 GMT

Global Vision Market Report
06 May 2011 14:33 GMT

Market Briefing
06 May 2011 11:01 GMT

Rotterdam Market Report
06 May 2011 10:51 GMT

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

Stebbins to present at Boston event
05 May 2011 16:18 GMT
World Fuel Services chairman to give presentation at transportation conference.

Praxis Market Update
05 May 2011 15:54 GMT

Outsourcing fuel procurement - a 'natural evolution'
05 May 2011 15:20 GMT
Outsourced relationships with ship owners can drive further efficiencies within operations, says OW Bunker.

Singapore fuel oil stocks fall 6 percent
05 May 2011 14:56 GMT
Stockpiles fall from their highest level since September 2010 in the seven days up to May 4th.

Global Vision Market Report
05 May 2011 13:33 GMT

Market Briefing
05 May 2011 13:02 GMT
Oil prices lower on US growth (Brent: $121.5)

Rotterdam Market Report
05 May 2011 11:21 GMT

Wärtsilä wins order for LNG-powered vessel
05 May 2011 11:01 GMT
New platform supply vessel to use LNG as the main fuel and marine diesel oil if required.

Rotterdam 380-cst average up 50% since September
05 May 2011 07:18 GMT
Average monthly 380-centistoke price rises by $43 per tonne at Europe's top bunker port in April.

Singapore Market Commentary (with evening update)
05 May 2011 06:38 GMT

Draffin to become IBIA Chairman in 2012
04 May 2011 16:39 GMT
Nigel Draffin to succeed Robert Lintott as Chairman of IBIA next year.

Praxis Market Update
04 May 2011 16:04 GMT

Fujairah 380-cst average up 6.5% in April
04 May 2011 14:02 GMT
Average 380-cst price climbs for the seventh consecutive month at the Middle East's leading bunker port.

Global Vision Market Report
04 May 2011 12:38 GMT

Singapore 380-cst average up $36 in April
04 May 2011 11:48 GMT
Average 380-centistoke price in Singapore rises 5.7 percent month-on-month.

Rotterdam Market Report
04 May 2011 11:28 GMT

Market Briefing
04 May 2011 11:22 GMT
Oil falls to the bottom of the range on central banks (Brent: $122.5)

Venezuela: Product availability update
04 May 2011 07:12 GMT
Latest update on product availability in Venezuelan ports.

WFS posts 22 percent rise in Q1 net income
04 May 2011 06:51 GMT
Marine segment generates 2 percent year-on-year increase in Q1 gross profit.

Singapore Market Commentary (with evening update)
04 May 2011 05:51 GMT

OW Bunker strengthens Russian trading team
03 May 2011 18:36 GMT
New appointment to head up a dedicated team serving customers in the Russian market.

US supplier relocates to new office
03 May 2011 17:44 GMT
Bunker firm announces new contact numbers and address details.

Praxis Market Update
03 May 2011 15:46 GMT

Global Vision Market Report
03 May 2011 13:41 GMT

Rotterdam Market Report
03 May 2011 12:38 GMT

Island Oil, Gulf Fuel in regional tie-up
03 May 2011 12:31 GMT

Market Briefing
03 May 2011 11:03 GMT
Oil prices fluctuate on Osama killing (Brent: $124)

Economic Events: Week 18, 2011
03 May 2011 10:57 GMT

Dan-Bunkering appoints bunker trader
03 May 2011 08:24 GMT
Trader joins Dan-Bunkering's sales team in Copenhagen.

International Bunkering promotes trader
03 May 2011 08:09 GMT
Member of Dubai team is promoted to the role of senior bunker and lubricant trader.

Bunker Index (BIX) statistical summary
03 May 2011 07:44 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

Intra-month price volatility analysis - April 2011
03 May 2011 07:35 GMT
April 2011 was the second most volatile month since May 2010, data shows.

Global bunker average up 5.8 percent in April
03 May 2011 07:14 GMT
Average monthly global bunker price climbs for the seventh consecutive month to reach $846.65 per tonne.

Singapore Market Commentary (with evening update)
03 May 2011 05:31 GMT



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