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Home » News » News Archive - October 2011


News Archive - October 2011

Praxis Market Update
28 Oct 2011 14:40 GMT

Cockett signs bunker storage deal
28 Oct 2011 14:21 GMT

Global Vision Market Report
28 Oct 2011 13:22 GMT

Rotterdam Market Report
28 Oct 2011 12:29 GMT

Market Briefing
28 Oct 2011 09:24 GMT
Honeymoon coming to an end? (Brent: $111.7)

Tech partner selected for solar-wind projects
28 Oct 2011 08:13 GMT

Diesel-electric ferries to launch in France
28 Oct 2011 07:55 GMT
Ferryboats to be equipped with lithium-ion battery systems.

Agreement to develop solar-wind yacht
27 Oct 2011 16:51 GMT
First solar-electric yacht with towing kite propulsion to be developed in Germany.

Record Q3 earnings for Kirby
27 Oct 2011 16:11 GMT
US transportation firm posts a 71.7 percent rise in net earnings for the third quarter of 2011.

Praxis Market Update
27 Oct 2011 15:07 GMT

Global Vision Market Report
27 Oct 2011 13:14 GMT

Middle distillates fall 11 percent
27 Oct 2011 12:51 GMT
Inventories of middle distillates fall to a five-month low in Singapore.

Rotterdam Market Report
27 Oct 2011 11:35 GMT

Fuel oil stocks up 5 percent in Singapore
27 Oct 2011 11:05 GMT
Stocks of fuel oil rise for the second consecutive week in Singapore.

Market Briefing
27 Oct 2011 10:17 GMT
Europe unites (Brent: $110.7)

Supplier resumes activities in Far East Russia
27 Oct 2011 10:02 GMT
Bunker firm carrying out deliveries in Far East Russia after having been out of the market since 2010.

Singapore Market Commentary (with evening update)
27 Oct 2011 06:34 GMT

Praxis Market Update
26 Oct 2011 15:32 GMT

Ferry line eyes LNG bunkering
26 Oct 2011 14:44 GMT
CEO says the conversion of vessels to LNG could save the business $25 million per annum.

Global Vision Market Report
26 Oct 2011 12:55 GMT

Rotterdam Market Report
26 Oct 2011 11:30 GMT

Market Briefing
26 Oct 2011 09:38 GMT
Day of decision has arrived (Brent: $111.30)

OSV engines cut fuel consumption by 15%
26 Oct 2011 09:34 GMT
New IMO II-compliant engines are said to have produced fuel savings of at least 15% in testing.

Horizon drops Trans-Pacific service, citing higher bunker costs
26 Oct 2011 08:27 GMT
US shipper says it does not expect to see any 'measurable improvements' in bunker prices or freight rates.

Stebbins sells WFS shares
26 Oct 2011 06:06 GMT
World Fuel Services CEO sells company shares as part of pre-arranged stock trading plan.

London to host abatement technology conference
25 Oct 2011 16:10 GMT
Event will aim to provide an insight into the factors that lead owners to choose particular abatement technologies

Praxis Market Update
25 Oct 2011 15:44 GMT

German operator installs kite technology
25 Oct 2011 15:28 GMT
Wind propulsion system installed as part of operator's strategy of offering greener transportation to charter clients.

Andatee CEO buys shares
25 Oct 2011 13:44 GMT
An Fengbin purchases Andatee shares as part of repurchase plan.

Hong Kong to consider ECA for ocean-going ships
25 Oct 2011 13:14 GMT
Hong Kong looks set to push for regulations requiring ocean-going vessels to switch to using cleaner fuel.

Global Vision Market Report
25 Oct 2011 12:43 GMT

Rotterdam Market Report
25 Oct 2011 12:18 GMT

Market Briefing
25 Oct 2011 09:44 GMT
The debt puzzle (Brent: $111.30)

Singapore Market Commentary (with evening update)
25 Oct 2011 06:49 GMT

Ships to be converted to use ULSD fuel
24 Oct 2011 16:12 GMT
Modification work will enable vessels to operate in the Arctic Ocean.

Praxis Market Update
24 Oct 2011 15:31 GMT

Global Vision Market Report
24 Oct 2011 14:48 GMT

Economic Events: Week 43, 2011
24 Oct 2011 12:17 GMT

Rotterdam Market Report
24 Oct 2011 12:10 GMT

OW Bunker announces recruitment drive
24 Oct 2011 11:56 GMT
Bunker firm plans to expand its trading, risk management and business development teams on the back of European business growth.

Market Briefing
24 Oct 2011 11:32 GMT
Hope floats, for now (Brent: $110.50)

Contract signed to build LNG-powered ship
24 Oct 2011 10:05 GMT
Ship described as 'the world's first pure LNG propulsion multipurpose vessel' to be built in China.

Wilhelmsen launches Strait of Gibraltar initiative
24 Oct 2011 08:24 GMT
New 'Straits Solution' will enable operators to make more than one port call and pay just one agency fee.

Singapore Market Commentary (with evening update)
24 Oct 2011 06:03 GMT

Court confirms Marco Polo Chapter 11 protection and frees vessel
24 Oct 2011 05:37 GMT
New York Court rejects the motions seeking to dismiss the group's Chapter 11 filings.

Praxis Market Update
21 Oct 2011 14:31 GMT

BP settles lawsuit with former staff
21 Oct 2011 14:11 GMT
Oil major reaches out of court settlement with six former employees in Singapore.

Agreement to build Rotterdam oil terminal
21 Oct 2011 13:22 GMT
New terminal to be used to store crude oil and oil products from Primorsk and other Baltic ports.

Global Vision Market Report
21 Oct 2011 12:16 GMT

Rotterdam Market Report
21 Oct 2011 11:34 GMT

Market Briefing
21 Oct 2011 10:31 GMT
Gaddafi killed (Brent: $109.4)

London to host bunker management event
21 Oct 2011 09:58 GMT
Conference to focus on performance-enhancing options for efficiency maximization and increased profitability.

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

Fuel issues discussed at ferry conference
20 Oct 2011 17:51 GMT
Fuel efficiency, ECA regulations, alternative fuels and scrubbing technology are topics discussed at annual event.

Praxis Market Update
20 Oct 2011 15:07 GMT

Fuel oil stocks up 1.7 percent in Singapore
20 Oct 2011 12:41 GMT
Stocks of fuel oil rise for the first time in three weeks in Singapore.

Global Vision Market Report
20 Oct 2011 12:23 GMT

Rotterdam Market Report
20 Oct 2011 11:51 GMT

Utility concerned about high HFO prices
20 Oct 2011 09:44 GMT
Chairman troubled by one-year high prices despite the recent fall in the price of crude.

Market Briefing
20 Oct 2011 08:57 GMT
Pre-Euro crisis meeting in Frankfurt (Brent: $108.2)

OW to host ECA seminar in Singapore
20 Oct 2011 07:19 GMT
Free seminar to focus on the challenges posed by the 2015 sulphur emission regulations.

Singapore Market Commentary (with evening update)
20 Oct 2011 06:38 GMT

Praxis Market Update
19 Oct 2011 16:43 GMT

Venezuela: Product availability update
19 Oct 2011 16:20 GMT
Latest update on product availability in Venezuelan ports.

Wärtsilä expects sales to fall in 2011
19 Oct 2011 14:48 GMT
Finnish firm publishes interim report for the first nine months of this year.

Singapore: Report advises on action to reduce accidents
19 Oct 2011 12:58 GMT
Safety and environmental protection in the Straits of Malacca and Singapore 'could further improve', says shipping body.

Global Vision Market Report
19 Oct 2011 12:32 GMT

Rotterdam Market Report
19 Oct 2011 12:20 GMT

Market Briefing
19 Oct 2011 09:39 GMT
Spin doctors working overtime (Brent: $111.2)

NYK launches CO2 E-calculator
19 Oct 2011 07:31 GMT
New tool calculates the amount of CO2 emitted during cargo transport by a containership.

Singapore Market Commentary (with evening update)
19 Oct 2011 06:55 GMT

WFS to hold conference call and webcast
18 Oct 2011 17:35 GMT
Management team to discuss the company's third quarter results in conference call and webcast.

Praxis Market Update
18 Oct 2011 15:44 GMT

New email address for Greek supplier
18 Oct 2011 14:02 GMT
Supplier announces change of email address for bunker enquiries.

Ireland to host new bunker course
18 Oct 2011 13:01 GMT
'Complete Guide to Bunkering' course to be held in November.

Global Vision Market Report
18 Oct 2011 12:41 GMT

Rotterdam Market Report
18 Oct 2011 11:55 GMT

DNV accelerates its CO2 capture activities in Asia
18 Oct 2011 11:43 GMT
Carbon capture and storage is currently being planned for projects in Asia, Australia and the Middle East.

Market Briefing
18 Oct 2011 09:38 GMT
Pop goes the weasel (Brent: $110.1)

Seattle: Cruise bunker volumes set to rise in 2012
18 Oct 2011 08:31 GMT
Projected rise in cruise ship calls bodes well for next year's cruise bunkering season.

Singapore Market Commentary (with evening update)
18 Oct 2011 07:19 GMT

SEAaT welcomes newest member
17 Oct 2011 17:51 GMT
Oceanox becomes member of SEAaT - the association dedicated to shipping emissions abatement and trading.

Praxis Market Update
17 Oct 2011 15:32 GMT

Australia: Oil spill fines skyrocket
17 Oct 2011 15:15 GMT
Tough new penalties to be introduced for oil spills in Australian waters.

Race against time to recover fuel
17 Oct 2011 14:31 GMT
Salvage teams work around the clock to remove bunker fuel from stricken cargo ship.

Global Vision Market Report
17 Oct 2011 12:42 GMT

Rotterdam Market Report
17 Oct 2011 11:57 GMT

Flag states 'must enforce the rules'
17 Oct 2011 10:34 GMT
Director says there is 'understandable concern' that shipping companies' use of flags may not fully comply with international regulations.

Economic Events: Week 42, 2011
17 Oct 2011 10:14 GMT

Market Briefing
17 Oct 2011 09:50 GMT
G20 agree: something must be done (Brent: $113.6)

South China fuel oil stocks up 19.5% year-on-year
17 Oct 2011 07:27 GMT
Fuel oil inventories climb 310,000 tonnes year-on-year in South China.

Singapore Market Commentary (with evening update)
17 Oct 2011 05:50 GMT

Shipping firms fined $1.2 million for bunker spill
14 Oct 2011 22:54 GMT
Shipping companies are fined in connection with Queensland's biggest bunker spill.

Aegean shares upgraded to 'neutral'
14 Oct 2011 17:31 GMT
Shares of Greek bunker supplier are upgraded by US investment research firm.

Praxis Market Update
14 Oct 2011 16:08 GMT

VTTI appoints MD in Cyprus
14 Oct 2011 14:04 GMT
Terminal operator selects professional with 25 years' managerial experience in the oil industry.

Global Vision Market Report
14 Oct 2011 13:31 GMT

Rotterdam Market Report
14 Oct 2011 11:20 GMT

Market Briefing
14 Oct 2011 11:08 GMT
Sideways trading (Brent: $112.05)

Bulk carrier cuts CO2 by 25 percent
14 Oct 2011 10:11 GMT
Green technologies to be incorporated into the commercial development of three grain carriers.

Singapore Market Commentary (with evening update)
14 Oct 2011 06:56 GMT

KPI Bridge Oil expands UK team
13 Oct 2011 20:06 GMT
Bunker firm appoints trader with extensive knowledge of the Greek shipping market.

Praxis Market Update
13 Oct 2011 15:27 GMT

Global Vision Market Report
13 Oct 2011 13:28 GMT

Middle distillates drop to 20-week low
13 Oct 2011 13:24 GMT
Inventories of middle distillates fall for the second consecutive week in Singapore.

Fuel oil stocks down 1 percent in Singapore
13 Oct 2011 13:02 GMT
Stocks of fuel oil fall for the second consecutive week, according to latest industry data.

Rotterdam Market Report
13 Oct 2011 12:14 GMT

Market Briefing
13 Oct 2011 09:22 GMT
Technical trading and wildcard: Iran (Brent: $111.65)

Bunker sales down 6.5 percent in Singapore
13 Oct 2011 08:38 GMT
Sales at the world's leading bunker port decrease by 246,900 tonnes in September.

Singapore Market Commentary (with evening update)
13 Oct 2011 07:31 GMT

Oil price forecast for Q4 2011
12 Oct 2011 15:18 GMT
Report predicts short-term dips and long-term increases in oil prices.

Praxis Market Update
12 Oct 2011 14:31 GMT

Global Vision Market Report
12 Oct 2011 13:02 GMT

Rotterdam Market Report
12 Oct 2011 11:18 GMT

Market Briefing
12 Oct 2011 11:11 GMT
The music is still playing, but the DJ starts to look tired (Brent: $111)

Investment plan for APM Terminals in Gothenburg
12 Oct 2011 10:01 GMT
Terminal operator to roll out US$115 million investment programme over the next five years.

Marine terminal database launched in UAE
12 Oct 2011 09:28 GMT
Free system aims to help with ship compatibility issues and improve operational safety.

Trading house invests in LNG vessels
12 Oct 2011 09:03 GMT
Japanese firm makes its first investment in the LNG transportation market.

Singapore Market Commentary (with evening update)
12 Oct 2011 06:39 GMT

Praxis Market Update
11 Oct 2011 16:17 GMT

Last call for IBIA board nominations
11 Oct 2011 15:28 GMT
Nominations for election to the board of directors close in 10 days' time.

Vessel suspected of illegal bunkering
11 Oct 2011 13:47 GMT
Ship arrested in Nigerian waters after being spotted carrying out 'suspicious activities'.

Global Vision Market Report
11 Oct 2011 13:07 GMT

Rotterdam Market Report
11 Oct 2011 11:34 GMT

Prototype offers 4% fuel savings
11 Oct 2011 10:22 GMT
New technology is said to have shown repeated improvements in fuel economy during laboratory testing.

Market Briefing
11 Oct 2011 09:58 GMT
Short Squeeze (Brent: $108.75)

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

Messina named Glander president
10 Oct 2011 20:04 GMT
Larry Messina is appointed president of Florida-based Glander International.

Praxis Market Update
10 Oct 2011 16:15 GMT

Royal Caribbean wins eco-award
10 Oct 2011 15:56 GMT
Cruise operator is recognized for its fuel consumption reduction programme and 'Save the Waves' initiative.

VTTI to build bunker storage in Algeciras
10 Oct 2011 14:08 GMT
Terminal operator says new facility will be a 'much more efficient alternative' to floating storage in Gibraltar.

Global Vision Market Report
10 Oct 2011 12:51 GMT

Rotterdam Market Report
10 Oct 2011 12:27 GMT

50-year supply partnership for oil major
10 Oct 2011 10:02 GMT
Marine lubricant supplier celebrates its longest-running supply agreement with a marine customer.

Economic Events: Week 41, 2011
10 Oct 2011 09:49 GMT

Market Briefing
10 Oct 2011 09:33 GMT
Germany and France to the rescue (Brent: $106)

Rosneft appoints exclusive fuel oil partner
10 Oct 2011 07:23 GMT
Fuel oil broking firm to represent Rosneft in South East Asia and Far East Russia.

Singapore Market Commentary (with evening update)
10 Oct 2011 06:47 GMT

Praxis Market Update
07 Oct 2011 15:47 GMT

DNV joins Green Growth Leaders
07 Oct 2011 15:28 GMT
Foundation joins initiative aimed at accelerating green growth development globally.

Hong Kong to host ship emissions forum
07 Oct 2011 14:57 GMT
Government-funded event to focus on reducing emissions in the Hong Kong-Pearl River Delta region.

Rotterdam Market Report
07 Oct 2011 11:32 GMT

Wärtsilä to equip first US-flagged LNG offshore vessel
07 Oct 2011 11:18 GMT
Finnish firm to supply LNG propulsion equipment for two offshore supply vessels.

Market Briefing
07 Oct 2011 09:51 GMT
Central banks boost market confidence (Brent: $105.6)

Singapore Market Commentary (with evening update)
07 Oct 2011 06:12 GMT

Praxis Market Update
06 Oct 2011 18:10 GMT

New bunker supplier in Gabon
06 Oct 2011 16:51 GMT
Supplier offering marine gasoil at two West African ports.

KPI Bridge Oil appoints trader in Valparaiso
06 Oct 2011 16:21 GMT
Experienced shipping professional joins KPI Bridge Oil's trading team in Valparaiso.

Fuel oil stocks drop to eight-month low
06 Oct 2011 14:41 GMT
Stocks of fuel oil plummet 14 percent in Singapore.

Global Vision Market Report
06 Oct 2011 14:28 GMT

Rotterdam Market Report
06 Oct 2011 11:07 GMT

China: Fuel oil imports up in September
06 Oct 2011 10:10 GMT
Imports of fuel oil rise by 4 percent month-on-month, according to industry data.

Market Briefing
06 Oct 2011 08:39 GMT
Trichet's swan song (Brent: $103)

Lithuanian oil terminal posts 21% income rise
06 Oct 2011 07:48 GMT
Klaipeda facility announces income surge for the first nine months of 2011.

Shipper lowers bunker surcharge
06 Oct 2011 07:08 GMT
US firm cites lower bunker prices as the reason for its third surcharge decrease in six weeks.

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

Praxis Market Update
05 Oct 2011 16:22 GMT

Adams heads new maritime firm
05 Oct 2011 13:55 GMT
Former IBIA chief executive is managing director of new Hampshire-based company.

Global Vision Market Report
05 Oct 2011 13:11 GMT

Rotterdam Market Report
05 Oct 2011 12:04 GMT

Market Briefing
05 Oct 2011 09:40 GMT
Rebound in the making (Brent: $102)

Oiltanking to expand storage capacity
05 Oct 2011 09:32 GMT
Terminal operator is set to increase the storage capacity of its facility in Terneuzen.

London Gateway to open in 2013
05 Oct 2011 08:42 GMT
New UK port and logistics centre is scheduled to be launched in the fourth quarter of 2013.

Singapore Market Commentary (with evening update)
05 Oct 2011 06:09 GMT

Order for fuel-efficient power systems
04 Oct 2011 16:38 GMT
Owner orders integrated power and propulsion systems to reduce fuel consumption and improve performance.

KPI Bridge Oil expands London team
04 Oct 2011 16:04 GMT
Bunker firm appoints trader at its London office.

Praxis Market Update
04 Oct 2011 15:34 GMT

Fujairah 380-cst average falls $12 in September
04 Oct 2011 15:13 GMT
380-cst average drops for the second consecutive month at the Middle East's leading bunker hub.

Global Vision Market Report
04 Oct 2011 12:25 GMT

Rotterdam Market Report
04 Oct 2011 11:57 GMT

ICS backs compensation fund
04 Oct 2011 09:37 GMT
Shipping organization supports fund linked to bunker fuel consumption.

Market Briefing
04 Oct 2011 09:09 GMT
Two steps forward, two steps back (Brent: $101.3)

Singapore Market Commentary (with evening update)
04 Oct 2011 07:08 GMT

Rotterdam 380-cst average climbs $2 in September
03 Oct 2011 17:34 GMT
Average monthly 380-centistoke price up slightly at Europe's leading bunker port in September.

Praxis Market Update
03 Oct 2011 15:53 GMT

Bunker Index (BIX) statistical summary
03 Oct 2011 14:05 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

Global Vision Market Report
03 Oct 2011 13:41 GMT

Rotterdam Market Report
03 Oct 2011 11:49 GMT

Bunkering suspended in Hong Kong
03 Oct 2011 10:28 GMT
Bunker deliveries are halted as Hong Kong is placed under storm signal number 3.

Economic Events: Week 40, 2011
03 Oct 2011 09:38 GMT

Market Briefing
03 Oct 2011 09:31 GMT
The heat is on (Brent: $101.5)

Intra-month price volatility analysis - September 2011
03 Oct 2011 09:22 GMT
September the least volatile month of the year so far, data shows.

Singapore 380-cst average dips $1 in September
03 Oct 2011 07:35 GMT
Marginal monthly decrease for average 380-centistoke price in Singapore.

Global bunker average up in September
03 Oct 2011 06:26 GMT
BIX bunker average rises slightly during the month of September.

Singapore Market Commentary (with evening update)
03 Oct 2011 05:37 GMT



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