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Home » News » News Archive - August 2011


News Archive - August 2011

Praxis Market Update
30 Aug 2011 17:03 GMT

Bunker costs up 36% for CMA CGM
30 Aug 2011 15:31 GMT
Shipping group reports higher fuel costs as net profit falls 72% year-on-year.

Socar launches Ukraine operation
30 Aug 2011 13:33 GMT
Oil firm starts bunker supply business on the Dnieper River.

Rotterdam Market Report
30 Aug 2011 11:23 GMT

Market Briefing
30 Aug 2011 11:18 GMT
Oil increase with risk sentiment (Brent: $112)

Greek trader joins International Bunkering
30 Aug 2011 07:26 GMT
Dubai-based firm expands team with the appointment of experienced trader.

WFS: Kasbar to become CEO in 2012
30 Aug 2011 06:14 GMT
Michael Kasbar to replace Paul Stebbins as CEO of World Fuel Services next year.

Kittiwake announces payment plan
26 Aug 2011 15:37 GMT
Technology firm offers clients the opportunity to pay a lower up-front cost for its LinerSCAN product.

Praxis Market Update
26 Aug 2011 14:19 GMT

Global Vision Market Report
26 Aug 2011 13:07 GMT

Rotterdam Market Report
26 Aug 2011 11:17 GMT

East Coast port announces restrictions
26 Aug 2011 10:01 GMT
Port authority imposes restrictions due to projected wind speeds.

Port of New York prepares for Irene
26 Aug 2011 09:44 GMT
Port authority makes preparations ahead of the anticipated landfall of Hurricane Irene.

Market Briefing
26 Aug 2011 09:22 GMT
Oil steady even though outlook for more Libyan oil (Brent: $110)

Middle distillate stocks fall in Singapore
26 Aug 2011 07:05 GMT
Stockpiles of middle distillates fall to their lowest since 1st June.

Fuel oil stocks rise in Singapore
26 Aug 2011 06:51 GMT
Inventory levels rise to an eight-week high, according to latest fuel oil data.

Singapore Market Commentary (with evening update)
26 Aug 2011 06:02 GMT

Praxis Market Update
25 Aug 2011 14:50 GMT

Global Vision Market Report
25 Aug 2011 14:44 GMT

Sri Lankan firm issues fuel oil tender
25 Aug 2011 13:31 GMT
State-owned company requires 180-centistoke parcels to be delivered over a period of six months.

Kenya: Supplier's first IFO cargo 'virtually sold out'
25 Aug 2011 13:01 GMT
Bunker firm confirms bookings in the run up to its first week supplying 180-centistoke fuel.

Rotterdam Market Report
25 Aug 2011 11:48 GMT

Lithuanian oil terminal posts 71% profit rise
25 Aug 2011 10:03 GMT
Klaipeda facility announces net profit surge for the first six months of 2011.

Market Briefing
25 Aug 2011 09:20 GMT
Oil higher on durable goods and diesel demand (Brent: $111)

Singapore Market Commentary
25 Aug 2011 06:10 GMT

Vopak announces H1 results
24 Aug 2011 15:56 GMT
Terminal operator says it expects the market for storage and handling of oil products to remain robust.

Praxis Market Update
24 Aug 2011 15:10 GMT

Global Vision Market Report
24 Aug 2011 12:51 GMT

Rotterdam Market Report
24 Aug 2011 11:50 GMT

Market Briefing
24 Aug 2011 11:18 GMT
Oil lower on Japanese downgrade and US demand numbers (Brent: $108)

Bid to build Rotterdam oil terminal - source
24 Aug 2011 10:03 GMT
Russian group is reported to have submitted a bid to construct an oil products facility at the port of Rotterdam.

US shipper lowers fuel surcharge
24 Aug 2011 07:43 GMT
Shipping firm matches main rival and cuts fuel fee by 2 percentage points.

Aegean announces withdrawal of lawsuits
24 Aug 2011 06:41 GMT
Class action lawsuits are withdrawn against supplier Aegean Marine Petroleum.

Singapore Market Commentary (with evening update)
24 Aug 2011 06:31 GMT

Praxis Market Update
23 Aug 2011 14:30 GMT

Global Vision Market Report
23 Aug 2011 14:20 GMT

'Step forward' in solar sail project
23 Aug 2011 12:41 GMT

Rotterdam Market Report
23 Aug 2011 12:15 GMT

Market Briefing
23 Aug 2011 10:02 GMT
Oil increases as initial Libya euphoria fades (Brent: $109)

Lanka IOC seeks approval to supply at Hambantota
23 Aug 2011 08:02 GMT

Singapore Market Commentary (with evening update)
23 Aug 2011 08:01 GMT

Lintec expands fuel testing network
23 Aug 2011 07:02 GMT
Testing agency announces regional facilities in Singapore and Houston.

Praxis Market Update
22 Aug 2011 16:22 GMT

Ocean shipper cuts bunker surcharge
22 Aug 2011 15:44 GMT
Vice President points out that bunker prices have not mirrored the recent downward movement of crude.

New York ferry to switch to LNG
22 Aug 2011 15:22 GMT
Staten Island Ferry is to be converted to run on liquefied natural gas.

Rosneft expands tanker fleet
22 Aug 2011 14:56 GMT
Bunker tankers delivered to Tuapse and Murmansk with additional vessels expected over the next few months.

Global Vision Market Report
22 Aug 2011 14:13 GMT

Economic Events: Week 34, 2011
22 Aug 2011 12:22 GMT

Rotterdam Market Report
22 Aug 2011 10:50 GMT

Market Briefing
22 Aug 2011 10:00 GMT
Oil falls on ending Gaddafi regime (Brent: USD 106)

Singapore Market Commentary (with evening update)
22 Aug 2011 09:41 GMT

Brightoil steps up trading outside Singapore
22 Aug 2011 08:02 GMT
Hong Kong-listed firm in arbitrage play as it steps up its strategy of sourcing fuel oil cargoes directly.

Odfjell enters into tank terminal partnership
19 Aug 2011 15:58 GMT
Private equity firm to acquire a minority stake in Odfjell's storage terminals in Rotterdam and Houston.

Praxis Market Update
19 Aug 2011 15:38 GMT

Global Vision Market Report
19 Aug 2011 14:18 GMT

Shanghai plant to produce green propulsion system
19 Aug 2011 13:17 GMT
Propulsion system is said to improve a vessel's fuel efficiency by 20-30 percent.

Rotterdam Market Report
19 Aug 2011 12:14 GMT

Market Briefing
19 Aug 2011 10:55 GMT
Oil down on bad numbers from the US (Brent: $105.6)

Funding approved for fuel cell project
19 Aug 2011 07:38 GMT
Ship to be powered by hydrogen fuel cells, electricity and diesel fuel.

Singapore Market Commentary (with evening update)
19 Aug 2011 06:58 GMT

Andatee shares downgraded
18 Aug 2011 22:01 GMT
Shares of Chinese supplier are downgraded by US bank following decrease in net income.

Light distillates rise from lowest stocks since Nov. 2009
18 Aug 2011 20:45 GMT
Inventories of light distillates rise to their highest level in three weeks in Singapore.

Middle distillate stocks fall in Singapore
18 Aug 2011 13:51 GMT
Stockpiles of middle distillates have now fallen in five out of the last six weeks.

Singapore fuel oil stocks up 1.4%
18 Aug 2011 13:28 GMT
Inventory levels rise to a three-week high, according to latest fuel oil data.

Global Vision Market Report
18 Aug 2011 13:18 GMT

Market Briefing
18 Aug 2011 12:01 GMT
Decoupling continues (Brent: $110)

Rotterdam Market Report
18 Aug 2011 11:04 GMT

Fuel consumption rise for transportation firm
18 Aug 2011 10:12 GMT
US firm records an increase in bunker consumption during the first half of 2011.

Singapore Market Commentary
18 Aug 2011 06:53 GMT

Maersk: Bunker prices to 'impact margins negatively'
17 Aug 2011 18:55 GMT
World's largest container line expects high prices to continue to have a negative effect on margins in 2011.

French firm invests in Med fuel oil storage
17 Aug 2011 16:36 GMT
Downstream specialist signs agreement to buy a stake in Mediterranean oil terminal.

Praxis Market Update
17 Aug 2011 15:37 GMT

Global Vision Market Report
17 Aug 2011 14:18 GMT

Black oil terminal completed in India
17 Aug 2011 13:52 GMT
Facility is said to be India’s largest fully automated terminal for black oil products.

Fuel oil storage at new Vietnam terminal
17 Aug 2011 13:22 GMT
Commercial operations planned for 2012 at new oil facility in southern Vietnam.

Rotterdam Market Report
17 Aug 2011 11:33 GMT

Market Briefing
17 Aug 2011 11:24 GMT
Oil flat on non-events (Brent: $109.7)

Singapore Market Commentary (with evening update)
17 Aug 2011 06:54 GMT

Praxis Market Update
16 Aug 2011 14:44 GMT

Global Vision Market Report
16 Aug 2011 13:38 GMT

Rotterdam Market Report
16 Aug 2011 12:36 GMT

Utility seeks 30,000-tonne fuel oil cargo
16 Aug2011 10:22 GMT
High sulphur fuel oil cargo is required for delivery in September.

Market Briefing
16 Aug 2011 09:31 GMT
Oil edges up (Brent: $109.1)

Chapter 11 'not enforceable in the Netherlands'
16 Aug 2011 09:21 GMT
Law firm points out that the Netherlands adopts a territorial approach to bankruptcy.

Golden Lights acquired by Singapore firm
16 Aug 2011 07:21 GMT

Proposed regulations for towing vessels in the US
16 Aug 2011 06:44 GMT
Proposal aims to improve towing vessel safety in the United States.

Singapore Market Commentary (with evening update)
16 Aug 2011 05:27 GMT

Singapore: July sales up year-on-year
15 Aug 2011 14:37 GMT
Month-on-month sales fall for the first time since April, but July figure is higher than any previous year.

Andatee net income down 48 percent
15 Aug 2011 12:56 GMT
Chinese supplier sees profit fall in the second quarter despite a rise in revenues and volume sold.

Global Vision Market Report
15 Aug 2011 12:41 GMT

Rotterdam Market Report
15 Aug 2011 12:31 GMT

Market Briefing
15 Aug 2011 08:54 GMT
Taking a breather (Brent: $108)

Singapore Market Commentary (with evening update)
15 Aug 2011 08:32 GMT

Milestone for fuel-saving propeller device
15 Aug 2011 08:29 GMT
Landmark sales figure for device that is said to reduce fuel consumption by up to 5 percent.

Praxis Market Update
12 Aug 2011 16:41 GMT

Report forecasts volatile prices ahead
12 Aug 2011 14:41 GMT
Companies are urged to consider using the 'expected volatility' to enter hedging agreements.

Global Vision Market Report
12 Aug 2011 13:44 GMT

Rotterdam Market Report
12 Aug 2011 11:46 GMT

Market Briefing
12 Aug 2011 11:41 GMT
Ban on short selling (Brent: $107)

Singapore Market Commentary (with evening update)
12 Aug 2011 09:51 GMT

Eco-awards for Hamburg Süd
12 Aug 2011 09:03 GMT
Shipping firm wins awards in the US for its environmentally conscious conduct.

Maritime event to focus on emissions and MBMs
12 Aug 2011 08:31 GMT
Reduction of shipboard emissions to be one of the main topics discussed at upcoming London conference.

Praxis Market Update
11 Aug 2011 16:55 GMT

Light distillates: Lowest stocks since Nov. 2009
11 Aug 2011 15:23 GMT
Inventories of light distillates decline for the second consecutive week in Singapore.

Singapore: Middle distillates up 1.4 million barrels
11 Aug 2011 14:57 GMT
Stockpiles of middle distillates rise for the first time since July 6th.

Singapore fuel oil stock update
11 Aug 2011 12:41 GMT
Latest inventory data for fuel oil in the week up to 10th August.

Global Vision Market Report
11 Aug 2011 12:22 GMT

Rotterdam Market Report
11 Aug 2011 11:34 GMT

Market Briefing
11 Aug 2011 11:18 GMT
Rough waters for equities - oil the new safe haven? (Brent: $107)

Shipyard delivers first hybrid turbocharged bulker
11 Aug 2011 07:50 GMT
New turbocharger is said to reduce fuel consumption and carbon dioxide emissions.

Singapore Market Commentary (with evening update)
11 Aug 2011 06:13 GMT

Aegean Q2 net income falls 73.3 percent
11 Aug 2011 06:02 GMT
Year-on-year net earnings down despite a rise in total revenues during the second quarter.

Praxis Market Update
10 Aug 2011 16:31 GMT

Agreement to invest in German oil terminals
10 Aug 2011 15:43 GMT
Deal signed to buy a stake in the owner of refined product terminals throughout Germany.

Hestya Energy to buy Wilhelmshaven refinery
10 Aug 2011 15:07 GMT
Dutch firm signs deal to purchase Wilhelmshaven oil refinery, tank farm and marine terminal.

Brilliant Maritime appoints marketing manager
10 Aug 2011 14:51 GMT
Ex-Praxis manager joins Piraeus-based bunker trading firm Brilliant Maritime Services.

Global Vision Market Report
10 Aug 2011 13:18 GMT

Market Briefing
10 Aug 2011 11:14 GMT
Building the next bubble (Brent: $105)

Rotterdam Market Report
10 Aug 2011 11:02 GMT

Brownrigg rejects EU emissions trading scheme
10 Aug 2011 09:37 GMT
Scheme 'will not work for shipping', says UK Chamber of Shipping's director general.

Singapore Market Commentary (with evening update)
10 Aug 2011 06:45 GMT

Office move for OW Bunker Copenhagen
09 Aug 2011 18:06 GMT
Danish firm relocates to larger premises, closer to customers.

Project to design battery-powered ferry
09 Aug 2011 17:24 GMT
UK firm wins order to design all electric passenger ferry.

Praxis Market Update
09 Aug 2011 15:55 GMT

Global Vision Market Report
09 Aug 2011 13:12 GMT

Market Briefing
09 Aug 2011 11:31 GMT
Deja vú? (Brent: $102.5)

Rotterdam Market Report
09 Aug 2011 10:37 GMT

LNG bunkering factored into berth project
09 Aug 2011 09:46 GMT
Singapore construction project to allow for potential future LNG bunkering opportunities.

Andatee to announce Q2 results this week
09 Aug 2011 09:09 GMT
Chinese supplier to release financial results for the second quarter.

ICS backs IMO on emission reduction
09 Aug 2011 08:48 GMT
Association says recent MARPOL amendments were 'absolutely' what it had hoped for.

Praxis Market Update
08 Aug 2011 15:31 GMT

Global Vision Market Report
08 Aug 2011 13:10 GMT

Rotterdam Market Report
08 Aug 2011 11:48 GMT

Economic Events: Week 32, 2011
08 Aug 2011 09:50 GMT

Market Briefing
08 Aug 2011 09:42 GMT
US downgraded (Brent: $106.2)

Oiltanking appoints director
08 Aug 2011 09:33 GMT
Terminal operator appoints Randall J. Larson to serve on its board of directors.

Singapore Market Commentary (with evening update)
08 Aug 2011 08:37 GMT

Appraisal initiative aimed at cutting fuel consumption
08 Aug 2011 08:28 GMT
Variable speed drives could reduce energy consumption by up to 50 percent, says ABB.

US to build dual fuel OSVs
08 Aug 2011 07:02 GMT
Transportation firm says decision to construct vessels is based on government demands to reduce emissions.

Houston wins award for fuel-switching
05 Aug 2011 17:47 GMT
US port is honoured for its fuel-switching project to reduce emissions in the US Gulf.

Petroplus posts US$80 million Q2 loss
05 Aug 2011 15:41 GMT
European refiner records a loss for Q2 and H1. CEO says the second quarter was 'difficult'.

Praxis Market Update
05 Aug 2011 14:22 GMT

Tolson joins Noble Group
05 Aug 2011 13:53 GMT
Adrian Tolson, former Chemoil VP of Sales and Marketing, joins commodity trading group Noble.

Global Vision Market Report
05 Aug 2011 12:51 GMT

Rotterdam Market Report
05 Aug 2011 11:31 GMT

Market Briefing
05 Aug 2011 09:16 GMT
Fear returns (Brent: $104.4)

New conversion calculator launched
05 Aug 2011 07:22 GMT
Calculator includes the the most frequently used conversions for trading in refined products and natural gas.

Aegean expands Strait of Gibraltar fleet
05 Aug 2011 06:41 GMT
Supplier takes delivery of double-hull vessel, which is expected to be deployed to the Strait of Gibraltar.

Singapore Market Commentary (with evening update)
05 Aug 2011 06:30 GMT

Light distillates fall from 12-week high
04 Aug 2011 15:12 GMT
Inventories of light distillates decline by 0.9 million barrels in Singapore.

Singapore fuel oil stocks drop 0.3m barrels
04 Aug 2011 14:41 GMT
Stockpiles of fuel oil fall from their highest level in four weeks in Singapore.

Praxis Market Update
04 Aug 2011 14:31 GMT

Global Vision Market Report
04 Aug 2011 12:31 GMT

Rotterdam Market Report
04 Aug 2011 12:25 GMT

Market Briefing
04 Aug 2011 09:28 GMT
Shaky equities sent oil lower (Brent: $112.9)

Shippers' council slams fuel levy
04 Aug 2011 07:22 GMT
Secretary General says shipping lines would simply pass on the extra costs to their customers via surcharges.

Singapore Market Commentary (with evening update)
04 Aug 2011 06:25 GMT

Marco Polo Seatrade granted US court support
03 Aug 2011 17:55 GMT
Interim relief is granted by a New York court for the company to continue operating.

LSFO available at Colombian ports
03 Aug 2011 17:27 GMT
Bunkers International now offering 1% LSFO at three ports in Colombia.

Praxis Market Update
03 Aug 2011 16:21 GMT

Risler's Guido Piantoni passes away
03 Aug 2011 14:31 GMT
Guido H. Piantoni, technical manager at Risler S.A., passes away at the age of 67.

Global Vision Market Report
03 Aug 2011 12:43 GMT

Rotterdam Market Report
03 Aug 2011 11:25 GMT

Market Briefing
03 Aug 2011 11:14 GMT
Risk Off (Brent: $115.3)

Staff departures at OW Bunker Singapore
03 Aug 2011 11:10 GMT
Two members of staff leave OW Bunker's Singapore branch.

WFS posts 36% rise in Q2 net income
03 Aug 2011 07:41 GMT
Marine segment generates $50.7 million gross profit as World Fuel Services posts strong Q2 results.

Singapore Market Commentary (with evening update)
03 Aug 2011 06:52 GMT

Rotterdam 380-cst average up $19 in July
02 Aug 2011 14:25 GMT
Average monthly 380-centistoke price climbs 3.0 percent at Europe's leading bunker port in July.

Praxis Market Update
02 Aug 2011 14:20 GMT

Bominflot launches Valencia supply operation
02 Aug 2011 13:08 GMT
Bunker firm commences physical supply service at the Spanish port of Valencia.

Global Vision Market Report
02 Aug 2011 12:04 GMT

Rotterdam Market Report
02 Aug 2011 11:50 GMT

Market Briefing
02 Aug 2011 11:46 GMT
US demand worries change mood, oil prices fall (Brent: $116.22)

IBIA appoints acting chief executive
02 Aug 2011 09:23 GMT
Board member Trevor Harrison to act as chief executive on a part-time basis.

Antarctic fuel oil ban enters into force
02 Aug 2011 09:03 GMT
Ships will be required to switch fuels in the Antarctic as new MARPOL amendments enter into force.

Fujairah 380-cst average up 3.4% in July
02 Aug 2011 07:31 GMT
Middle East bunker hub records the second highest monthly average of the year in July.

Singapore 380-cst average up $12 in July
02 Aug 2011 07:19 GMT
Average 380-centistoke price increases by 1.9 percent at the world's leading bunker port.

Singapore Market Commentary (with evening update)
02 Aug 2011 05:51 GMT

Praxis Market Update
01 Aug 2011 16:33 GMT

Rotterdam Market Report
01 Aug 2011 11:46 GMT

Market Briefing
01 Aug 2011 11:31 GMT
US debt deal reached (Brent: $118.2)

Bunker Index (BIX) statistical summary
01 Aug 2011 10:31 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

Intra-month price volatility analysis - July 2011
01 Aug 2011 08:22 GMT
July the least volatile month of the year so far, data shows.

Global bunker average up $11.6 in July
01 Aug 2011 07:09 GMT

Singapore Market Commentary (with evening update)
01 Aug 2011 06:37 GMT



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