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Home » News » News Archive - June 2011

News Archive - June 2011

Praxis Market Update
29 Jun 2011 14:51 GMT

Global Vision Market Report
29 Jun 2011 13:13 GMT

Rotterdam Market Report
29 Jun 2011 12:05 GMT

Market Briefing
29 June 2011 11:56 GMT
Oil higher on Greek hopes (Brent: $109)

Middle East bunker firm appoints sales manager
29 Jun 2011 11:24 GMT
Former senior bunker trader begins his new role as sales manager.

Rising fuel costs hit shipping confidence
29 Jun 2011 10:21 GMT
Confidence dips to two-year low as concern mounts over rising fuel costs and overtonnaging.

Cruise line to install 'fuel-saving' technology
29 Jun 2011 07:34 GMT
European cruise line aims to reduce fuel consumption with decision support system.

Maritime emissions discussed at EU meeting
29 Jun 2011 07:06 GMT
EU participants meet to discuss the reduction greenhouse gas emissions from shipping.

Singapore Market Commentary (with evening update)
29 Jun 2011 06:32 GMT

Seattle welcomes 800th ship in low sulphur fuel program
28 Jun 2011 17:32 GMT
Port initiative is said to have eliminated nearly 500 metric tonnes of sulphur dioxide from local air.

WFS acquires Yacht Fuel Services
28 Jun 2011 17:25 GMT
YCO Group agrees to sell its fuel business in order to focus on the development of its core services.

Praxis Market Update
28 Jun 2011 15:18 GMT

Wilhelmsen ties up Middle East deal
28 Jun 2011 13:48 GMT
Wilhelmsen Ships Service wins contract to provide support to tanker company.

Blending plants completed in northern China
28 Jun 2011 13:20 GMT
Fuel player says new facilities will enable it to reduce procurement and transportation costs.

Global Vision Market Report
28 Jun 2011 13:03 GMT

Market Briefing
28 June 2011 12:21 GMT
Oil down and up again (Brent: $107)

Rotterdam Market Report
28 Jun 2011 12:11 GMT

World's first ferry with wind power
28 Jun 2011 07:22 GMT
Reduced air resistance will result in a reduction in fuel consumption.

Maersk orders additional 10 Triple-E vessels
28 Jun 2011 06:58 GMT
Ships will consume around 35% less fuel than vessels being delivered to other shipping lines, says Maersk.

Singapore Market Commentary (with evening update)
28 Jun 2011 06:30 GMT

Praxis Market Update
27 Jun 2011 15:16 GMT

Economic Events: Week 26, 2011
27 Jun 2011 13:47 GMT

Rotterdam Market Report
27 Jun 2011 13:28 GMT

Market Briefing
27 June 2011 13:22 GMT
Oil continues down (Brent: $103)

Global Vision Market Report
27 Jun 2011 12:52 GMT

OW launches bunker tool
27 Jun 2011 11:08 GMT
New OW Bunker app contains ISO8217-2010 fuel standards data and a fuel calculator.

Singapore bunker initiative to begin on July 1st
27 Jun 2011 10:03 GMT
15 percent concession to be granted to ships using scrubber technology or clean fuels.

Three bunker barges added in Sohar
27 Jun 2011 07:17 GMT
Local supplier expands its delivery capacity with three barges.

Singapore Market Commentary (with evening update)
27 Jun 2011 06:31 GMT

Overview of exhaust gas treatment systems published
25 Jun 2012 08:04 GMT
New guide aims to provide an overview of scrubbers to assist operators preparing to decide on compliance strategies.

Trader to leave Middle East bunker firm
24 Jun 2011 15:23 GMT
Sales Manager to vacate his position over the next few days.

Praxis Market Update
24 Jun 2011 15:07 GMT

Global Vision Market Report
24 Jun 2011 13:05 GMT

Singapore light distillate summary
24 Jun 2011 12:47 GMT
Data summary covers onshore stocks of light distillates in Singapore over the last two months.

Singapore middle distillate summary
24 Jun 2011 12:28 GMT
Summary of onshore stocks of middle distillates in Singapore for the last two months.

Rotterdam Market Report
24 Jun 2011 12:21 GMT

Singapore fuel oil stock summary
24 Jun 2011 09:58 GMT
Summary of onshore stocks of residues for the last two months.

Market Briefing
24 June 2011 09:41 GMT
Oil hammered by strategic oil reserve release (Brent: $105.9)

Singapore Market Commentary (with evening update)
24 Jun 2011 06:18 GMT

Houston forecasts 150% container growth by 2030
23 Jun 2011 17:34 GMT
Containerized cargo volumes set to skyrocket as a result of the expansion of the Panama Canal.

Global Vision Market Report
23 Jun 2011 14:22 GMT

Praxis Market Update
23 Jun 2011 14:21 GMT

Singapore: Highest fuel oil stock rise since February
23 Jun 2011 13:02 GMT
Stockpiles of fuel oil climb 2.8 million barrels during the week up to June 22nd.

KPI Bridge Oil appoints bunker trader
23 Jun 2011 12:35 GMT
Trader joins KPI Bridge Oil's office in Istanbul.

Market Briefing
23 June 2011 12:01 GMT
Oil lower on activity and higher USD (Brent: $111)

Rotterdam Market Report
23 Jun 2011 10:57 GMT

Bunker deliveries resume at Hong Kong
23 Jun 2011 08:02 GMT
Hong Kong is placed under Storm Signal No. 1 as strong winds continue to weaken.

Singapore Market Commentary (with evening update)
23 Jun 2011 06:56 GMT

Praxis Market Update
22 Jun 2011 15:35 GMT

Performance tool for shipping to be rolled out
22 Jun 2011 13:50 GMT
Initiative proposes a global standard for measuring operational performance.

Bominflot announces EUR 205 million credit facility
22 Jun 2011 13:31 GMT
Supplier secures 2½ year revolving credit facility, nine banks sign into the transaction.

Global Vision Market Report
22 Jun 2011 13:08 GMT

Market Briefing
22 June 2011 12:06 GMT
Oil lower on Greece, but solution is closer - if the public accepts (Brent: $111.4)

Rotterdam Market Report
22 Jun 2011 10:55 GMT

Total sells UK marketing assets
22 Jun 2011 09:21 GMT
Oil major signs agreement to sell assets in the United Kingdom, Channel Islands and the Isle of Man.

Gladstone barge back in service in July
22 Jun 2011 08:08 GMT
Supplier says its bunker delivery vessel is expected to be operating again in early July.

Singapore Market Commentary (with evening update)
22 Jun 2011 06:41 GMT

Praxis Market Update
21 Jun 2011 15:36 GMT

Global Vision Market Report
21 Jun 2011 15:31 GMT

Gulf Oil acquires Delfzijl terminal
21 Jun 2011 15:10 GMT
Fuel supplier expands capacity with storage facility in the fifth largest seaport in the Netherlands.

Denmark: Deal to acquire four oil terminals
21 Jun 2011 14:41 GMT
Storage firm more than doubles its capacity in Western Europe with latest acquisition.

GOIL signs bunkering agreement
21 Jun 2011 14:18 GMT
Agreement will enable GOIL to provide a bunkering service to clients at Sekondi Naval Base.

Rotterdam Market Report
21 Jun 2011 11:23 GMT

Market Briefing
21 June 2011 11:07 GMT
Oil higher on Greek hopes (Brent: $112)

New container ships to burn 20% less fuel
21 Jun 2011 09:57 GMT
Newly contracted ships are dubbed 'the world's most efficient container vessels'.

Singapore Market Commentary (with evening update)
21 Jun 2011 07:09 GMT

Rotterdam terminal raises capacity
20 Jun 2011 20:47 GMT
Storage facility to expand with the addition of five new storage tanks.

Mobile terminal to be completed in July
20 Jun 2011 16:56 GMT
Additional 770,000 barrels of storage capacity is expected to be ready by next month.

Fujairah refinery 'significant and vital'
20 Jun 2011 14:51 GMT
OAPEC says the project to build a US$3 billion refinery in Fujairah is one of Abu Dhabi's strategic initiatives.

Praxis Market Update
20 Jun 2011 13:27 GMT

Global Vision Market Report
20 Jun 2011 12:53 GMT

Rotterdam Market Report
20 Jun 2011 11:46 GMT

Economic Events: Week 25, 2011
20 Jun 2011 09:47 GMT

Market Briefing
20 June 2011 09:33 GMT
Oil continues lower on Greek uncertainties (Brent: $111.7)

Hydrogen-fuelled concept ship unveiled
20 Jun 2011 09:18 GMT
Vessel powered by liquid hydrogen with a combined fuel cell and battery system.

Singapore Market Commentary
20 Jun 2011 06:57 GMT

Praxis Market Update
17 Jun 2011 14:47 GMT

ARA supplier to lower payment terms
17 Jun 2011 13:56 GMT
Bunker supplier to reduce its payment terms to 21 days from next month.

Lukoil signs marine lubricant deal
17 Jun 2011 13:31 GMT
Russian supplier in agreement to deliver marine lubricants to 80 vessels.

Market Briefing
17 June 2011 13:15 GMT
Oil in lower part of the trading range (Brent: $112.5)

Global Vision Market Report
17 Jun 2011 12:13 GMT

Rotterdam Market Report
17 Jun 2011 12:09 GMT

Dan-Bunkering expands Monaco team
17 Jun 2011 08:02 GMT
Bunker trading firm announces new addition to its Monaco-based operation.

Singapore Market Commentary (with evening update)
17 Jun 2011 06:58 GMT

Singapore: Lowest fuel oil stocks since February
16 Jun 2011 19:53 GMT
Stockpiles of fuel oil plummet to their lowest level in four months in the week up to 15th June.

Global Vision Market Report
16 Jun 2011 16:12 GMT

Praxis Market Update
16 Jun 2011 15:47 GMT

Wärtsilä signs scrubber cooperation agreement
16 Jun 2011 13:04 GMT
Agreement signed to develop and deliver scrubber systems for marine applications.

Rotterdam Market Report
16 Jun 2011 11:04 GMT

Market Briefing
16 June 2011 11:01 GMT
Oil drops on contagion risk (Brent: $114)

Miami plans cruise facility upgrade
16 Jun 2011 08:28 GMT
US port aiming to construct a terminal that can accommodate more than one cruise vessel.

Utility seeks 30,000-tonne fuel oil cargo
16 Jun 2011 07:05 GMT
High sulphur fuel oil cargo is required for delivery in July 2011.

Aegean shares reach 52-week low
16 Jun 2011 06:42 GMT
Shares in Aegean Marine Petroleum hit a new 52-week low on the New York Stock Exchange.

Singapore Market Commentary
16 Jun 2011 05:31 GMT

NOL to replace less fuel-efficient vessels
15 Jun 2011 20:31 GMT
Shipping line announces US$1.54 billion in orders and upgrades aimed at reducing costs and improving fuel efficiency.

Praxis Market Update
15 Jun 2011 15:44 GMT

Utility buys 210KT of fuel oil
15 Jun 2011 13:23 GMT
Volumes are said to be the largest the company has purchased in at least five years.

Rotterdam Market Report
15 Jun 2011 11:05 GMT

Baltic Oil shares suspended, accounts 'destroyed or removed'
15 Jun 2011 10:01 GMT
Terminal operator says an attempt was made to replace financial records with falsified information.

Market Briefing
15 June 2011 09:37 GMT
Oil higher on force majeure, lower on Greek worries (Brent: $120)

Clean air initiative shows 'significant improvement'
15 Jun 2011 06:58 GMT
Newly released report documents progress made in reducing air emissions.

Singapore Market Commentary (with evening update)
15 Jun 2011 06:22 GMT

Praxis Market Update
14 Jun 2011 16:06 GMT

LNG-fuelled carriers to be built for Russian firm
14 Jun 2011 13:51 GMT
Two gas-powered LNG carriers to be built in South Korea for Russian shipping company.

Global Vision Market Report
14 Jun 2011 13:25 GMT

Economic Events: Week 24, 2011
14 Jun 2011 13:19 GMT

Market Briefing
14 June 2011 13:02 GMT
Oil down on CCC - up on force majeure (Brent: 119.4)

Rotterdam Market Report
14 Jun 2011 11:15 GMT

Vietnam aims to raise refining capacity
14 Jun 2011 09:44 GMT
Government intends to increase the country's oil processing capacity to 60 million tonnes per year.

New 380-cst sales record in Singapore
14 Jun 2011 09:15 GMT
Sales volumes rise 11.5 percent as Singapore's best-selling fuel grade reaches a new high.

Singapore Market Commentary (with evening update)
14 Jun 2011 06:42 GMT

Hong Kong: Association calls for mandatory fuel switch
13 Jun 2011 15:21 GMT
Managing director says all vessels should be forced to burn low sulphur fuel when berthed at Hong Kong.

Global Vision Market Report
13 Jun 2011 13:21 GMT

Dockyard to build five 'fuel-saving' tankers
13 Jun 2011 13:06 GMT
Enhanced technology is expected to reduce fuel consumption by around 10 percent.

Chemoil terminal to be completed by Q3 2012
13 Jun 2011 07:44 GMT
Supplier says it expects the expansion of its Fujairah storage facility to be completed 'on target'.

World Fuel Services declares cash dividend
13 Jun 2011 07:01 GMT
Quarterly cash dividend follows 22 percent rise in first quarter net income.

Singapore Market Commentary (with evening update)
13 Jun 2011 06:44 GMT

Bunker measurement system launched
10 Jun 2011 16:31 GMT
System is said to be the world's first globally certified mass-based measurement system for bunkering.

Praxis Market Update
10 Jun 2011 15:32 GMT

Fujairah Terminal to lease storage capacity
10 Jun 2011 14:14 GMT
Interested parties are invited to submit information by June 14th.

Global Vision Market Report
10 Jun 2011 13:07 GMT

New gas fuel notation published
10 Jun 2011 12:41 GMT
Notation establishes requirements for the use of gas on board ships as an alternative to traditional fuels.

Market Briefing
10 June 2011 12:22 GMT
Oil higher on cheaper money and technical break (Brent: $120)

Rotterdam Market Report
10 Jun 2011 12:17 GMT

BORCO awards storage tank project
10 Jun 2011 10:11 GMT
US$40 million project includes the construction of 14 oil storage tanks in Freeport.

Singapore Market Commentary (with evening update)
10 Jun 2011 06:55 GMT

Equity fund to invest in Argos Terminals
09 Jun 2011 16:20 GMT
Agreement reached for private equity fund to acquire majority stake in Rotterdam terminal operator.

Praxis Market Update
09 Jun 2011 14:22 GMT

Global Vision Market Report
09 Jun 2011 13:31 GMT

Singapore fuel oil stocks up 0.3m barrels
09 Jun 2011 13:18 GMT
Stockpiles of fuel oil rise in Singapore in the week up to 8th June.

DNV elects Chairman of the Board
09 Jun 2011 12:56 GMT
Chairman of the Board, Chairman of the DNV Council and Vice Chairman of the DNV Board are elected.

Market Briefing
09 June 2011 11:36 GMT
Oil jumps on surprising OPEC meeting (Brent: $118)

Rotterdam Market Report
09 Jun 2011 11:23 GMT

Fuel oil offered at Kish Island
09 Jun 2011 07:27 GMT
Approximately 35,000 tonnes of fuel oil is reported to have been offered at the Persian Gulf island.

Singapore Market Commentary (with evening update)
09 Jun 2011 06:43 GMT

MOL achieves 'highest' eco-rating
08 Jun 2011 19:17 GMT
Japanese firm secures loan based on environmental rating.

Praxis Market Update
08 Jun 2011 15:21 GMT

Singapore group acquires bunker tanker
08 Jun 2011 14:24 GMT
Tanker newbuild to carry our bunker deliveries in the Singapore market.

Global Vision Market Report
08 Jun 2011 13:31 GMT

Antwerp to reward green ships
08 Jun 2011 13:28 GMT
Port of Antwerp to grant discount on tonnage dues to the most eco-friendly vessels.

Rotterdam Market Report
08 Jun 2011 11:21 GMT

Market Briefing
08 June 2011 11:17 GMT
Oil prices higher on Euro - lower on outlook for OPEC (Brent: $116)

Project to cut fuel consumption by up to 10%
08 Jun 2011 10:02 GMT
Joint initiative aims to merge existing technologies to reduce fuel consumption and emissions.

Singapore Market Commentary (with evening update)
08 Jun 2011 07:11 GMT

Pakistan: Fuel oil imports up in May
07 Jun 2011 19:57 GMT
Import volumes rise from three-year low in May, according to official data.

Praxis Market Update
07 Jun 2011 14:48 GMT

Global Vision Market Report
07 Jun 2011 12:46 GMT

Market Briefing
07 June 2011 12:35 GMT
Oil fails to break lower on dollar weakness (Brent: $114.5)

Wärtsilä to supply fuel-efficient power solution
07 Jun 2011 12:22 GMT
System will estimate fuel consumption and advise on the optimal method of operating the vessel to save fuel.

Rotterdam Market Report
07 Jun 2011 11:15 GMT

World Bank to recommend bunker levy
07 Jun 2011 07:26 GMT
Financial institution to propose global levy on marine and jet fuel later this year, official says.

Aegean expands ARA market fleet
07 Jun 2011 06:13 GMT
Double-hull barge to operate in the Antwerp-Rotterdam-Amsterdam region.

Singapore Market Commentary (with evening update)
07 Jun 2011 05:36 GMT

North American ECA report published
06 Jun 2011 17:11 GMT
Study examines the impact of the upcoming ECA on bunkering in the region.

Loadings up for Lithuanian terminal
06 Jun 2011 16:51 GMT
Terminal records rise in loadings and sales revenue in May.

Praxis Market Update
06 Jun 2011 16:17 GMT

Global Vision Market Report
06 Jun 2011 14:31 GMT

Fuel oil clean up operation at Chittagong
06 Jun 2011 14:12 GMT
Salvage and waste removal vessels carry out clean up operation at Bangladesh's largest port.

Efficiency forum held in Madrid
06 Jun 2011 13:11 GMT
Event looks at the potential impact of SEEMP and ways of reducing fuel consumption.

Rotterdam Market Report
06 Jun 2011 11:47 GMT

Economic Events: Week 23, 2011
06 Jun 2011 10:16 GMT

Market Briefing
06 June 2011 10:11 GMT
Technical whipsaw in oil (Brent: $115.3)

Singapore Market Commentary (with evening update)
06 Jun 2011 06:50 GMT

OW Bunker: Industry must prepare for 2015 regulations
03 Jun 2011 16:47 GMT
Supplier says the development of a 'rigorous' fuel procurement strategy is key to managing regulation.

Praxis Market Update
03 Jun 2011 14:41 GMT

Singapore fuel oil stocks down 1.5m barrels
03 Jun 2011 13:18 GMT
Stockpiles fall for the second consecutive week in Singapore.

Global Vision Market Report
03 Jun 2011 13:07 GMT

Market Briefing
03 June 2011 12:54 GMT
Oil down on inventories (Brent: $114.9)

Rotterdam Market Report
03 Jun 2011 11:46 GMT

Wärtsilä in fuel cell JV agreement
03 Jun 2011 11:33 GMT
Project to develop commercial fuel cell products for the energy and marine markets.

Ilyichevsk bunkering halted due to spill
03 Jun 2011 11:27 GMT
Local authorities prohibit bunker deliveries at Ilyichevsk.

Singapore Market Commentary (with evening update)
03 Jun 2011 07:24 GMT

Praxis Market Update
02 Jun 2011 15:32 GMT

Agreement to build Malaysia oil terminal
02 Jun 2011 15:10 GMT
Terminal to have an initial storage capacity of around 1.3 million cubic metres.

Vopak to build Panama oil terminal
02 Jun 2011 14:55 GMT
Tank operator to build storage capacity for oil products at Bahía Las Minas.

Rotterdam 380-cst average down $30 in May
02 Jun 2011 09:17 GMT
Average monthly 380-centistoke price falls 4.7 percent at Europe's top bunker port in May.

Fujairah 380-cst average down 4.4% in May
02 Jun 2011 09:01 GMT
Average 380-cst price plummets $30 per tonne at the Middle East's leading bunker port.

Intra-month price volatility analysis - May 2011
02 Jun 2011 07:05 GMT
May 2011 was the second most volatile month over a 12-month period, data shows.

Singapore Market Commentary (with evening update)
02 Jun 2011 06:42 GMT

Praxis Market Update
01 Jun 2011 14:57 GMT

Global Vision Market Report
01 Jun 2011 14:48 GMT

Bunker Index (BIX) statistical summary
01 Jun 2011 13:13 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

Market Briefing
01 June 2011 13:04 GMT
Oil higher on energy and dollar worries (Brent: $116.4)

Singapore Market Commentary (with evening update)
01 Jun 2011 12:31 GMT

Rotterdam Market Report
01 Jun 2011 11:01 GMT

Global bunker average falls 2.9 percent in May
01 Jun 2011 07:28 GMT
Average monthly global bunker price drops $24.57 per tonne.

Full bunker operations resume at Buenaventura
01 Jun 2011 07:06 GMT
Bunkers International offering IFO and MGO at the Pacific Coast port following supply disruption.

Aegean launches bunker service in Tenerife
01 Jun 2011 06:44 GMT
Supplier to use two existing double-hull tankers in Las Palmas to serve Tenerife.

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