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Home » News » News Archive - September 2011


News Archive - September 2011

Praxis Market Update
29 Sep 2011 15:57 GMT

Singapore middle distillates rise to six-week high
29 Sep 2011 14:40 GMT
Middle distillates rise for the third consecutive week according to latest industry data.

Fuel oil stocks climb 5% in Singapore
29 Sep 2011 13:22 GMT
Weekly inventories rise from their lowest level in 10 weeks during the seven days up to 28th September.

Global Vision Market Report
29 Sep 2011 12:55 GMT

Rotterdam Market Report
29 Sep 2011 12:02 GMT

Market Briefing
29 Sep 2011 09:42 GMT
Oil drops on economic concerns (Brent: $104)

Trader joins Dan-Bunkering Monaco
29 Sep 2011 09:09 GMT
Monaco office expands trading team with the appointment of experienced oil industry professional.

Bunkering halted in Hong Kong
29 Sep 2011 06:46 GMT
Bunker deliveries are suspended as Hong Kong is placed under storm signal number 8.

Singapore Market Commentary (with evening update)
29 Sep 2011 06:14 GMT

Experienced trader joins KPI Bridge Oil
28 Sep 2011 17:11 GMT
Trader brings with him a wealth of experience having worked in the bunker industry for 13 years.

Praxis Market Update
28 Sep 2011 16:22 GMT

Fuel oil storage project in South China
28 Sep 2011 15:31 GMT
First phase construction work begins on new oil facility in China.

Global Vision Market Report
28 Sep 2011 14:05 GMT

Rotterdam Market Report
28 Sep 2011 11:08 GMT

Market Briefing
28 Sep 2011 11:00 GMT
Voting week (Brent: $106.2)

Berre-l'Etang refinery to close
28 Sep 2011 10:10 GMT
Refinery operator intends to cease refinery operations after no buyer was found.

Maersk tests exhaust gas cleaning system
28 Sep 2011 09:48 GMT
Scrubbing system is said to cut SOx emissions by more than 97 percent.

Felixstowe opens new terminal
28 Sep 2011 09:24 GMT
Launch of new facility means the UK's leading container port is now able to handle the world's largest container ships.

Singapore Market Commentary (with evening update)
28 Sep 2011 06:32 GMT

Brightoil bunker loan approved
27 Sep 2011 15:56 GMT
Finance to be used as working capital for its marine bunkering business.

Praxis Market Update
27 Sep 2011 15:37 GMT

Global Vision Market Report
27 Sep 2011 12:22 GMT

Rotterdam Market Report
27 Sep 2011 11:45 GMT

Market Briefing
27 Sep 2011 09:32 GMT
Risk on - oil up (Brent: $105.2)

Quadrise to begin sea trials of emulsion fuel
27 Sep 2011 09:28 GMT
AIM-listed firm to commence production and evaluation of its Marine MSAR emulsion fuel oil.

Technology to cut GHGs by 85% 'already exists'
27 Sep 2011 08:54 GMT
Emissions-reducing technologies are not being developed quickly enough for wide-scale use, say engineers.

Singapore Market Commentary (with evening update)
27 Sep 2011 06:48 GMT

Praxis Market Update
26 Sep 2011 15:55 GMT

Brightoil: Bunker sales surge 128.2 percent
26 Sep 2011 15:11 GMT
Bunker volumes skyrocket as supplier posts 14.6 rise in net profit.

ICS stresses 'importance' of treaty ratification
26 Sep 2011 14:29 GMT

Global Vision Market Report
26 Sep 2011 13:30 GMT

Rotterdam Market Report
26 Sep 2011 12:08 GMT

Economic Events: Week 39, 2011
26 Sep 2011 11:38 GMT

Market Briefing
26 Sep 2011 11:28 GMT
Brent drops towards 100 (Brent: $101.7)

ECA and LNG are key topics at Canada meeting
26 Sep 2011 08:25 GMT

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

Praxis Market Update
23 Sep 2011 15:14 GMT

Dual-fuel engine 'successfully tested'
23 Sep 2011 15:03 GMT
Low-speed dual-fuel engine is said to comply with IMO Tier III regulations.

Shipping confidence falls to new low
23 Sep 2011 14:31 GMT
Bunker costs, overtonnaging and economic uncertainty are cited as the main reasons for the decline in confidence.

Global Vision Market Report
23 Sep 2011 14:22 GMT

Rotterdam Market Report
23 Sep 2011 13:13 GMT

LNG ship wins London award
23 Sep 2011 11:52 GMT
Crude tanker concept ship is fuelled by liquefied natural gas.

Market Briefing
23 Sep 2011 11:48 GMT
How low can we go? (Brent: USD 106)

Dan-Bunkering appoints Indian trader
23 Sep 2011 09:13 GMT
Experienced trader recruited as Danish firm focuses on strengthening its position in South Asia and the Middle East.

Seattle wins Green 50 award
23 Sep 2011 07:05 GMT
US port is recognized for its environmental initiatives, including the ABC Fuels Vessel Incentive Program.

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

KPI Bridge Oil celebrates 40th anniversary
22 Sep 2011 17:29 GMT
Bunker firm marks 40 years since the launch of its New York operation, KPI Oil Associates, Inc.

Bunker milestone for Sydney supplier
22 Sep 2011 16:48 GMT
Ferry client helps supplier reach landmark sales figure ahead of expectations.

Praxis Market Update
22 Sep 2011 15:58 GMT

Light distillates rise from lowest since Feb. 2009
22 Sep 2011 13:45 GMT
Inventories of light distillates in Singapore climb during the seven days up to 21st September.

Middle distillates reach 5-week high in Singapore
22 Sep 2011 13:32 GMT
Stocks of middle distillates rise for the second consecutive week according to latest industry data.

Fuel oil stocks plunge 11.4% in Singapore
22 Sep 2011 11:28 GMT
Weekly inventories fall to their lowest level in 10 weeks during the seven days up to 21st September.

Global Vision Market Report
22 Sep 2011 11:20 GMT

Rotterdam Market Report
22 Sep 2011 11:12 GMT

Market Briefing
22 Sep 2011 09:55 GMT
FED starts to worry (Brent: $108.6)

Singapore Market Commentary (with evening update)
22 Sep 2011 06:56 GMT

Praxis Market Update
21 Sep 2011 16:34 GMT

New tanker for Rosneft in Murmansk
21 Sep 2011 13:22 GMT
Russian firm launches vessel as part of its ongoing strategy to replace ageing bunker tankers.

Global Vision Market Report
21 Sep 2011 12:02 GMT

Rotterdam Market Report
21 Sep 2011 10:22 GMT

Market Briefing
21 Sep 2011 10:02 GMT
The waiting game (Brent: $110.5)

Barge operator ups earnings forecast
21 Sep 2011 06:42 GMT
US firm expects net earnings to be above the top end of its third quarter forecast.

Singapore Market Commentary (with evening update)
21 Sep 2011 06:40 GMT

Andatee CEO in share repurchase plan
21 Sep 2011 05:47 GMT
Plan authorizes the purchase of up to $2 million of the company's common stock.

Praxis Market Update
20 Sep 2011 16:02 GMT

Dan-Bunkering names Beijing manager
20 Sep 2011 15:31 GMT
New manager returns from Singapore to head Beijing operation.

Dual-fuel engines exceed 3 million running hours
20 Sep 2011 14:44 GMT
Wärtsilä's dual-fuel engines have surpassed 3 million running hours in both land-based and marine applications.

Market Briefing
20 Sep 2011 14:14 GMT
The fall of Rome (Brent: USD 109.2)

Global Vision Market Report
20 Sep 2011 14:08 GMT

Rotterdam Market Report
20 Sep 2011 12:55 GMT

Deal to build dual-fuel LNG carriers
20 Sep 2011 07:11 GMT
Agreement to build two LNG carriers that will be capable of running on fuel oil or natural gas

Clipper Oil expands into Singapore
20 Sep 2011 06:38 GMT
Supplier says new office will be a key driver in its expansion throughout the Asia-Pacific region.

Singapore Market Commentary (with evening update)
20 Sep 2011 05:57 GMT

DK Group appoints joint managing director
19 Sep 2011 16:31 GMT
Noah Silberschmidt brings a wealth of experience in finance as company steps up growth plans.

Praxis Market Update
19 Sep 2011 16:15 GMT

Global Vision Market Report
19 Sep 2011 14:47 GMT

Bominflot appoints bunker trader
19 Sep 2011 13:35 GMT
Bominflot strengthens its team in Hamburg with the appointment of new member of staff.

Rotterdam Market Report
19 Sep 2011 13:05 GMT

Economic Events: Week 38, 2011
19 Sep 2011 09:24 GMT

Market Briefing
19 Sep 2011 09:13 GMT
Possible budget and output cuts (Brent: $111.3)

Singapore Market Commentary (with evening update)
19 Sep 2011 09:03 GMT

OW appoints bunker trader in Dubai
19 Sep 2011 09:01 GMT
OW Bunker expands its Dubai team with the appointment of a new bunker trader.

Kochi shortlists companies for bunker terminal project
19 Sep 2011 07:36 GMT
Five companies are shortlisted to develop a marine fuels terminal on a DBFOT basis.

Praxis Market Update
16 Sep 2011 16:15 GMT

Stebbins enters into stock trading plan
16 Sep 2011 14:21 GMT
World Fuel Services CEO to sell company stock over 12-month period.

Global Vision Market Report
16 Sep 2011 13:42 GMT

Rotterdam Market Report
16 Sep 2011 11:08 GMT

Market Briefing
16 Sep 2011 10:51 GMT
Oil higher on central bank intervention (Brent: $113)

Mitropoulos discusses 'complex' task of reducing GHGs
16 Sep 2011 10:02 GMT
IMO Secrety-General talks about GHG reduction and 'landmark' MEPC meeting.

Middle distillates up 7.2% in Singapore
16 Sep 2011 06:48 GMT
Stocks of middle distillates rebound from lowest level since May 25th.

Project to develop emission management system
16 Sep 2011 06:32 GMT
System to capture environmentally relevant ship operation and make available on demand.

Singapore Market Commentary (with evening update)
16 Sep 2011 05:57 GMT

Marco Polo Seatrade gets bank backing
15 Sep 2011 17:25 GMT
Shipping firm receives court approval to obtain fresh financing from one of its senior lenders.

Praxis Market Update
15 Sep 2011 16:08 GMT

Fuel oil stocks up 1.3% in Singapore
15 Sep 2011 14:48 GMT
Weekly inventory levels rise during the seven days up to 14th September.

Global Vision Market Report
15 Sep 2011 13:11 GMT

Rotterdam Market Report
15 Sep 2011 11:58 GMT

Growth in heavy crude oil output predicted
15 Sep 2011 09:45 GMT

Market Briefing
15 Sep 2011 09:04 GMT
New austerity measures coming up in Italy (Brent USD 112.0)

Dan-Bunkering appoints trader
15 Sep 2011 08:47 GMT
New member of staff joins the company's sales team in Middelfart, Denmark.

Trials completed for new powder coating
15 Sep 2011 06:51 GMT
Coating is said to 'equal or exceed all others' in fuel efficiency.

Singapore Market Commentary (with evening update)
15 Sep 2011 05:56 GMT

Praxis Market Update
14 Sep 2011 18:15 GMT

ICS urges owners to get EEDI
14 Sep 2011 14:54 GMT
Board concludes that all new ships should be delivered with an EEDI, regardless of any flag State waivers.

Ventrin appoints manager, expands product range
14 Sep 2011 13:44 GMT
Supplier announces the appointment of its new marketing manager and larger range of products.

Global Vision Market Report
14 Sep 2011 13:21 GMT

Rotterdam Market Report
14 Sep 2011 13:10 GMT

Market Briefing
14 Sep 2011 08:51 GMT
David to save Goliath? (Brent: $111.5)

UAE event to address LNG fuel issue
14 Sep 2011 07:26 GMT
Conference to examine the challenges and safety concerns surrounding the adoption of LNG as an alternative marine fuel.

Bunker sales up 4.7 percent in Singapore
14 Sep 2011 06:42 GMT
World's leading bunker port records second-highest ever monthly sales figure.

Singapore Market Commentary (with evening update)
14 Sep 2011 05:57 GMT

Oil trader plans Singapore expansion
13 Sep 2011 18:44 GMT
UAE firm intends to establish a trading and bunkering desk in Singapore before the end of this year.

AWT integrates AIS for vesel monitoring
13 Sep 2011 17:34 GMT
Service uses global Automatic Identification System (AIS) for vessel monitoring.

Praxis Market Update
13 Sep 2011 15:44 GMT

Global Vision Market Report
13 Sep 2011 14:15 GMT

Rotterdam Market Report
13 Sep 2011 12:07 GMT

Market Briefing
13 Sep 2011 09:12 GMT
Euro debt takes centre stage, again (Brent: $113)

Shell to launch lubricant in 2012
13 Sep 2011 08:33 GMT
New marine lubricant is designed to help operators reduce lifetime operating costs and complexity.

Fuel switch leads to higher-than-expected drop in emissions
13 Sep 2011 06:29 GMT
Researchers find that pollutants fell by as much as 90 percent in recent Maersk ship study.

Singapore Market Commentary (with evening update)
13 Sep 2011 05:31 GMT

Chemoil appoints head of trading
13 Sep 2011 02:55 GMT
New head of trading for Asia replaces Teng Chee Keong.

Rotterdam rewards sustainable ships
12 Sep 2011 15:03 GMT
European hub is to offer a discount on port dues to the 25 cleanest ocean-going vessels.

Puma Energy acquires BP fuel assets
12 Sep 2011 14:27 GMT
Oil major sells its fuels marketing businesses in Namibia, Botswana, Zambia, Malawi and Tanzania.

Global Vision Market Report
12 Sep 2011 13:28 GMT

Rotterdam Market Report
12 Sep 2011 11:40 GMT

FuelTrax global services agreement announced
12 Sep 2011 10:04 GMT
Honeywell to provide international and domestic services and customer support to FuelTrax clients.

Economic Events: Week 37, 2011
12 Sep 2011 09:49 GMT

Market Briefing
12 Sep 2011 09:41 GMT
Fear re-emerges (Brent: $110.5)

UK firm in fuel testing tie-up
12 Sep 2011 06:40 GMT

Singapore Market Commentary (with evening update)
12 Sep 2011 05:27 GMT

EU 'critical' to brokering bunker tax deal
09 Sep 2011 16:04 GMT
WWF and Oxfam propose the EU brokers a deal to tackle greenhouse gas emissions from ships.

Brightoil expecting profit rise
09 Sep 2011 14:10 GMT
Bunker supplier reveals to shareholders that it expects to record a year-on-year increase in net profit.

IBIA invites members to stand for election
09 Sep 2011 13:11 GMT
Members invited to put forward candidates to stand for election to the board in 2012.

Rotterdam Market Report
09 Sep 2011 11:45 GMT

Market Briefing
09 Sep 2011 11:42 GMT
Obama's recycling trick (Brent: $115)

Singapore Market Commentary (with evening update)
09 Sep 2011 06:55 GMT

Cockett gets go-ahead to supply in Dieppe and Rouen
08 Sep 2011 15:33 GMT
Cockett Marine expands its presence in northern France with the addition of two supply ports.

Shell and Wärtsilä sign LNG supply agreement
08 Sep 2011 14:12 GMT
Agreement is aimed at promoting and accelerating the use of liquefied natural gas as a marine fuel.

Middle distillates down 9.6% in Singapore
08 Sep 2011 13:58 GMT
Stocks of middle distillates fall by 1.28 million barrels in the seven days up to 7th September.

Singapore: Fuel oil stocks fall from 14-week high
08 Sep 2011 13:34 GMT
Inventory levels decline by 2.5 percent in Singapore.

Global Vision Market Report
08 Sep 2011 11:56 GMT

Rotterdam Market Report
08 Sep 2011 11:52 GMT

Market Briefing
08 Sep 2011 09:55 GMT
Thunder Thursday (Brent: $115.6)

Singapore Market Commentary
08 Sep 2011 08:13 GMT

Improved supply-demand balance predicted for 2012
08 Sep 2011 08:11 GMT
Consultant forecasts a better year for shipping lines in 2012, with rising rates.

Praxis Market Update
07 Sep 2011 14:58 GMT

Global Vision Market Report
07 Sep 2011 13:22 GMT

Rotterdam Market Report
07 Sep 2011 13:11 GMT

Market Briefing
07 Sep 2011 09:42 GMT
And then there was less ..... (Brent: $113.6)

Novorossiysk terminal hearing in September
07 Sep 2011 08:43 GMT
Public hearing to be held to discuss the possible environmental impact of the Novorossiysk Fuel Oil Terminal.

WFS cash dividend unchanged
07 Sep 2011 05:53 GMT
Quarterly cash dividend follows 36 percent rise in second quarter net income.

OW: 'Singapore must become bunkering capital of excellence'
07 Sep 2011 05:31 GMT
Continued professionalisation and progression of standards are key to staving off competition from China, says OW Bunker.

Singapore Market Commentary (with evening update)
07 Sep 2011 05:24 GMT

Praxis Market Update
06 Sep 2011 16:56 GMT

Global Vision Market Report
06 Sep 2011 14:37 GMT

New employee at Dan-Bunkering Monaco
06 Sep 2011 13:35 GMT
Bunker trading firm announces new addition to its Monaco-based operation.

Rotterdam Market Report
06 Sep 2011 10:22 GMT

Economic Events: Week 36, 2011
06 Sep 2011 09:20 GMT

Market Briefing
06 Sep 2011 09:15 GMT
Labor Day should keep bulls at bay (Brent: $111)

Chimbusco 'optimistic' about 500-cst demand
06 Sep 2011 09:02 GMT
State supplier says it is upbeat about the growth potential of 500-cst sales in South China.

Hybrid ferry launched in the US
06 Sep 2011 07:19 GMT
Passenger vessel is powered by hydrogen fuel cells, solar panels and wind turbines.

Fuel cell presentation at Amsterdam event
06 Sep 2011 06:14 GMT
Fuel cell specialist to speak at maritime trade event.

Singapore Market Commentary (with evening update)
06 Sep 2011 05:23 GMT

Operator installs trimming system to cut fuel costs
05 Sep 2011 16:04 GMT
Cruise ship owner chooses trim optimization as part of its fuel and emission reduction strategy.

Praxis Market Update
05 Sep 2011 15:37 GMT

Firm seeks loan to buy fuel oil terminal - sources
05 Sep 2011 14:08 GMT
Storage firm is said to be seeking finance to purchase US Gulf black oil facility.

Rotterdam Market Report
05 Sep 2011 12:54 GMT

Market Briefing
05 Sep 2011 09:44 GMT
US employment sent oil lower (Brent: $111.1)

Consultancy launched in Singapore
05 Sep 2011 09:38 GMT
Former credit manager at Chemoil heads consultancy firm in Singapore.

Rotterdam 380-cst average falls 2.8% in August
05 Sep 2011 07:28 GMT
Average monthly 380-centistoke price drops $18 per tonne at Europe's leading bunker port in August.

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

Middle distillate stocks up in Singapore
02 Sep 2011 15:23 GMT
Stockpiles of middle distillates rise from their lowest since 1st June.

Praxis Market Update
02 Sep 2011 15:04 GMT

Bunker Index (BIX) statistical summary
02 Sep 2011 13:05 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

Rotterdam Market Report
02 Sep 2011 12:48 GMT

Market Briefing
02 Sep 2011 11:22 GMT
To buy or to sell dilemma in the oil markets

Shipping firms fined for not switching fuels
02 Sep 2011 09:54 GMT
European companies fined for failing to switch to cleaner-burning distillates in Californian waters.

Marco Polo gets go-ahead to continue using cash collateral
02 Sep 2011 07:29 GMT
New York court approves the use of revenues deriving from the day-to-day employment of its fleet.

Singapore Market Commentary (with evening update)
02 Sep 2011 06:03 GMT

Singapore: Fuel oil stocks rise to 14-week high
01 Sep 2011 15:33 GMT
Inventory levels rise for the third consecutive week in Singapore.

Praxis Market Update
01 Sep 2011 15:22 GMT

Intra-month price volatility analysis - August 2011
01 Sep 2011 12:55 GMT
August the fifth most volatile month of the year so far, data shows.

Market Briefing
01 Sep 2011 11:13 GMT
Oil higher on storm risk (Brent: 114)

Rotterdam Market Report
01 Sep 2011 11:01 GMT

Global bunker average falls 1.8% in August
01 Sep 2011 09:19 GMT
BIX bunker average decreases to lowest level since March.

Singapore Market Commentary (with evening update)
01 Sep 2011 08:56 GMT

Aegean CEO to present at New York event
01 Sep 2011 07:11 GMT
E. Nikolas Tavlarios is scheduled to present at shipping conference next week.

Praxis moves HQ to Dubai
01 Sep 2011 06:51 GMT
Praxis Energy Agents announces that it is relocating its headquarters to the United Arab Emirates.



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