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Home » News » News Archive - January 2012


News Archive - January 2012

Concept ship design revealed in Japan
30 Jan 2012 15:20 GMT

Praxis Market Update
30 Jan 2012 14:40 GMT

Global Vision Market Report
30 Jan 2012 12:45 GMT

European refiners face further turmoil
30 Jan 2012 12:32 GMT
Energy consultant predicts tougher times ahead for refiners in Europe.

Rotterdam Market Report
30 Jan 2012 12:02 GMT

Economic Events: Week 5, 2012
30 Jan 2012 10:02 GMT

Market Briefing
30 Jan 2012 09:51 GMT
High frequency trading and Iran (Brent: $111.0)

Event examines LNG, efficiency and emissions reduction
30 Jan 2012 08:23 GMT
Forum looks at the task of reducing shipping's environmental impact.

Singapore Market Commentary (with evening update)
30 Jan 2012 05:48 GMT

Maersk ships switch to MGO in Virginia
27 Jan 2012 17:20 GMT
Fuel switch initiative to run for thirteen months and involve 41 Maersk Line vessels.

Praxis Market Update
27 Jan 2012 14:48 GMT

Global Vision Market Report
27 Jan 2012 13:31 GMT

Wärtsilä foresees growing interest in LNG
27 Jan 2012 13:19 GMT

Rotterdam Market Report
27 Jan 2012 11:13 GMT

Market Briefing
27 Jan 2012 10:05 GMT
Iran ready for nuclear discussions? (Brent: $110.5)

Antwerp records rise in annual ship calls
27 Jan 2012 09:02 GMT
Positive news for bunker suppliers as the number of seagoing ships calling at Antwerp rises by 3.1%.

Singapore Market Commentary (with evening update)
27 Jan 2012 08:56 GMT

Bominflot launches Sagunto supply operation
27 Jan 2012 06:55 GMT
Bunker firm expands its supply network in Spain with new delivery location in the province of Valencia.

Court sanctions Scheme related to Hamworthy acquisition
26 Jan 2012 16:35 GMT
Control is expected to be transferred to Wärtsilä by the end of January.

Praxis Market Update
26 Jan 2012 14:41 GMT

Middle distillates down in Singapore
26 Jan 2012 13:08 GMT
Inventories of middle distillates decrease to their lowest level in five weeks in Singapore.

Global Vision Market Report
26 Jan 2012 13:08 GMT

Highest rise in fuel oil stocks for 11 months
26 Jan 2012 12:53 GMT
Inventories of fuel oil surge in Singapore.

Rotterdam Market Report
26 Jan 2012 12:24 GMT

Hess quashes St. Lucia rumours
26 Jan 2012 10:55 GMT
Oil company says it has 'no plans' to build St. Lucia refinery following the decision to close its bunker-producing Hovensa plant.

Market Briefing
26 Jan 2012 09:42 GMT
FED: no rate hike anytime soon (Brent: $110.5)

Singapore Market Commentary
26 Jan 2012 06:44 GMT

2011 analysis: Brent vs BIX
25 Jan 2012 17:27 GMT
Average monthly bunker prices rose twice as much as Brent crude between January and December 2011, data shows.

Praxis Market Update
25 Jan 2012 14:44 GMT

Global Vision Market Report
25 Jan 2012 13:11 GMT

Rotterdam Market Report
25 Jan 2012 11:21 GMT

Cockett appoints bunker trader
25 Jan 2012 11:12 GMT
Ex-LQM broker joins Cockett Marine Oil's trading team in the UK.

Fresh water scrubbers for Great Lakes ships
25 Jan 2012 10:21 GMT
Contract agreed to supply fresh water integrated scrubbers for six vessels in North America.

Market Briefing
25 Jan 2012 09:46 GMT
Update: Ban on Iranian crude (Brent: $110.3)

Deadline date for GHG grant applicants
25 Jan 2012 08:45 GMT
Companies have just over three weeks to apply for funding to invest in projects aimed at reducing greenhouse gases.

Praxis Market Update
24 Jan 2012 15:10 GMT

French firm invests in fuel oil storage
24 Jan 2012 14:08 GMT
Downstream specialist completes deal to buy a stake in Mediterranean oil terminal.

Trader rejoins OW Bunker
24 Jan 2012 12:44 GMT
Sahar Zarghamian rejoins OW Bunker after working for futures and options brokerage.

Global Vision Market Report
24 Jan 2012 12:22 GMT

Rotterdam Market Report
24 Jan 2012 11:33 GMT

Petroplus files for insolvency
24 Jan 2012 10:17 GMT
Europe’s largest independent refiner files for insolvency after talks with its lenders break down.

Market Briefing
24 Jan 2012 09:42 GMT
Two decisions: one down, one to go – bullish oil news

Praxis Market Update
23 Jan 2012 14:55 GMT

NuStar: 15th best company to work for
23 Jan 2012 14:33 GMT
NuStar Energy moves up Fortune list of '100 Best Companies to Work For'.

Petrobras announces trader replacement
23 Jan 2012 13:11 GMT
Bunker trader will be in charge of enquiries for Argentina and Uruguay.

Global Vision Market Report
23 Jan 2012 12:28 GMT

Rotterdam Market Report
23 Jan 2012 12:17 GMT

Cargo volumes up in St Petersburg
23 Jan 2012 10:47 GMT
Russian port records a 9 percent increase in cargo volumes in 2011.

Economic Events: Week 4, 2012
23 Jan 2012 09:25 GMT

Market Briefing
23 Jan 2012 09:07 GMT
Decision day in Europe (Brent: $109.7)

Energy demand to grow for 20 years
23 Jan 2012 08:54 GMT
Growth in energy demand is forecast to be fuelled by economic and population growth in non-OECD countries.

World's first portable gauge for vessel fuel tanks
23 Jan 2012 06:29 GMT
Portable liquid-level gauge is said to enable more accurate measurement and reduce the workload needed to measure a ship's fuel level.

Praxis Market Update
20 Jan 2012 15:24 GMT

Brightoil pleased with second place
20 Jan 2012 14:38 GMT
Chairman 'delighted' that Brightoil was ranked the second-largest bunker supplier in Singapore last year.

Global Vision Market Report
20 Jan 2012 12:51 GMT

New contact details for Dan-Bunkering trader
20 Jan 2012 12:21 GMT

Rotterdam Market Report
20 Jan 2012 10:25 GMT

Market Briefing
20 Jan 2012 09:48 GMT
Winter has arrived (Brent: $111.80)

BP remains top supplier in Singapore
20 Jan 2012 09:01 GMT
Top 20 bunker suppliers at the world's leading bunker port are revealed.

GAC Bunker Fuels to relocate to Dubai
20 Jan 2012 06:52 GMT
Bunker firm announces the relocation of its headquarters and the appointment of its new Global Director and Commercial Director.

Singapore Market Commentary (with afternoon update)
20 Jan 2012 05:53 GMT

Fuel oil stocks at lowest level in over two years
19 Jan 2012 18:31 GMT
Inventories of fuel oil plummet 6 percent in Singapore.

Praxis Market Update
19 Jan 2012 15:15 GMT

Global Vision Market Report
19 Jan 2012 14:53 GMT

LNG-powered container ship granted approval
19 Jan 2012 14:37 GMT
Vessel is designed with 'a new type of LNG tank' that is said to provide more space for container cargo.

Rotterdam Market Report
19 Jan 2012 11:01 GMT

Design approved for LNG-fuelled ULCS
19 Jan 2012 10:40 GMT
Classification society gives basic design of an Ultra-Large Containership (ULCS) the green light.

Baltic Oil CEO buys company shares
19 Jan 2012 09:51 GMT
Chief Executive of Baltic Oil Terminals purchases ordinary shares.

Market Briefing
19 Jan 2012 09:38 GMT
Keystone XL pipeline delayed (Brent: $111.4)

Seattle handles over 2 million TEUs in 2011
19 Jan 2012 08:28 GMT
Over 2 million containers move through Seattle for the third consecutive year.

Singapore Market Commentary (with evening update)
19 Jan 2012 05:42 GMT

Praxis Market Update
18 Jan 2012 15:57 GMT

Concordia fuel removal could take 2-4 weeks
18 Jan 2012 15:31 GMT
Salvage firm prepared to begin removing fuel from stricken cruise vessel.

Global Vision Market Report
18 Jan 2012 13:12 GMT

Rotterdam Market Report
18 Jan 2012 11:47 GMT

Market Briefing
18 Jan 2012 11:01 GMT
Chinese GDP beats expectations (Brent: $111.5)

New premises for Bergen Bunkers
18 Jan 2012 10:31 GMT
Norwegian bunker firm is moving to a new office later this week.

Rotterdam: Bunker sales up 0.3m tonnes in 2011
18 Jan 2012 07:02 GMT
Increase is attributed to a rise in sales of intermediate fuel oil as marine gas oil volumes remain stable.

Singapore Market Commentary (with evening update)
18 Jan 2012 06:11 GMT

Praxis Market Update
17 Jan 2012 15:21 GMT

DNV to map the future of LNG bunkering in Belgium
17 Jan 2012 13:31 GMT
DNV to carry out a feasibility study for the provision of LNG bunkering facilities at Belgian ports.

Global Vision Market Report
17 Jan 2012 13:12 GMT

Rotterdam Market Report
17 Jan 2012 11:33 GMT

Office move for Hong Kong bunker firm
17 Jan 2012 10:34 GMT
Supplier relocates to nearby office in Wan Chai.

Report forecasts downward sloping prices
17 Jan 2012 09:45 GMT

Market Briefing
17 Jan 2012 09:28 GMT
Saudi announces its target price (Brent: $112.5)

Bunkers International opens office in Greece
17 Jan 2012 06:41 GMT
New sales office headed by experienced bunker trader.

Singapore Market Commentary (with evening update)
17 Jan 2012 05:20 GMT

Staff appointment at Dan-Bunkering
16 Jan 2012 16:14 GMT
New member of staff joins the company's sales team in Copenhagen.

Praxis Market Update
16 Jan 2012 15:35 GMT

Global Vision Market Report
16 Jan 2012 14:22 GMT

Speer joins Global Vision Bunkers
16 Jan 2012 12:15 GMT
Experienced bunker trader is appoined Group Business Development Manager.

Rotterdam Market Report
16 Jan 2012 11:37 GMT

Economic Events: Week 3, 2012
16 Jan 2012 11:17 GMT

Market Briefing
16 Jan 2012 10:47 GMT
S&P stating the obvious (Brent: $111.6)

Georgian supplier installs Emerson flowmeters
16 Jan 2012 09:38 GMT

Supplier resumes bunker operations in Libya
16 Jan 2012 06:11 GMT
Bunker firm now delivering marine fuel at four Libyan ports.

Singapore Market Commentary (with evening update)
16 Jan 2012 05:18 GMT

Rotterdam terminal operator appoints CEO
13 Jan 2012 17:26 GMT
New CEO to oversee the development of a new oil product storage facility in the Netherlands.

Praxis Market Update
13 Jan 2012 14:22 GMT

Fuel oil stocks up slightly in Singapore
13 Jan 2012 13:58 GMT
Marginal rise as inventory levels remain below 16.5 million barrels for the second consecutive week.

Global Vision Market Report
13 Jan 2012 13:21 GMT

Rotterdam Market Report
13 Jan 2012 11:35 GMT

Market Briefing
13 Jan 2012 10:44 GMT
The US mean business (Brent: $111.9)

Companies pledge commitment to green shipping
13 Jan 2012 08:39 GMT
Fifteen organizations sign up to Green Pledge initiative.

Shipping needs 'a great deal of resilience'
13 Jan 2012 06:22 GMT
Consultant says shipping will be an industry for long-term players in 2012, where those with a plan for the future will be the ones who fare best.

Singapore Market Commentary
13 Jan 2012 05:52 GMT

Singapore bunker sales up 5.6% in 2011
12 Jan 2012 17:22 GMT
New annual sales record for the world's leading bunker port.

Praxis Market Update
12 Jan 2012 16:11 GMT

Office move for Global Risk Management
12 Jan 2012 14:44 GMT
Danish firm to move to new office in February.

Global Vision Market Report
12 Jan 2012 14:02 GMT

Grenfell joins Global Vision Bunkers
12 Jan 2012 12:14 GMT
Experienced shipping professional to act as Baltic Exchange representative.

Rotterdam Market Report
12 Jan 2012 11:21 GMT

Market Briefing
12 Jan 2012 10:41 GMT
Iran update: two for one? (Brent: $113.2)

Agreement to develop terminal in northern China
12 Jan 2012 10:29 GMT
New facility to store petroleum products, gases and liquid chemicals.

South China fuel oil stocks down 3.8%
12 Jan 2012 07:21 GMT
Fuel oil inventories expected to decline again next week ahead of the Lunar New Year holiday.

Singapore Market Commentary (with evening update)
12 Jan 2012 06:31 GMT

Praxis Market Update
11 Jan 2012 16:02 GMT

Four oil terminals acquired in Denmark
11 Jan 2012 14:34 GMT
Canadian firm becomes the fourth largest provider of independent bulk liquid storage services in Europe.

Saudi Aramco launches trading operation
11 Jan 2012 13:44 GMT
New entity, Aramco Trading, to deal in the sale and purchase of refined petroleum products.

Global Vision Market Report
11 Jan 2012 13:21 GMT

Rotterdam Market Report
11 Jan 2012 11:24 GMT

Market Briefing
11 Jan 2012 10:17 GMT
Is Iran getting ready to implode? (Brent USD 113.5)

Ministry issues advice on IMO standards
11 Jan 2012 09:36 GMT
Petroleum Ministry is advised on new global sulphur limit and EEDI regulation.

Tesoro to sell Hawaii operations
11 Jan 2012 07:06 GMT
Deal set to include the sale of Tesoro's fuel transportation network and bunker-producing refinery.

Singapore Market Commentary (with evening update)
11 Jan 2012 05:52 GMT

Praxis Market Update
10 Jan 2012 16:04 GMT

Safety zone in western Alaska
10 Jan 2012 15:41 GMT
Safety zone established around fuel delivery and ship operations on the Alaska coastline.

Coryton manager to meet union representatives
10 Jan 2012 14:53 GMT
Petroplus manager to meet British trade union representatives to discuss the recent loss of its credit lines.

Global Vision Market Report
10 Jan 2012 12:42 GMT

Rotterdam Market Report
10 Jan 2012 10:42 GMT

Market Briefing
10 Jan 2012 10:22 GMT
World oil supply still lower than demand (Brent: $112.8)

LPG tanker to be fitted with scrubber system
10 Jan 2012 06:53 GMT

Singapore Market Commentary (with evening update)
10 Jan 2012 05:47 GMT

OW Bunker launches German brand
09 Jan 2012 15:58 GMT
New brand, OW Bunker Germany, follows the merger of Wrist Bunker Supply and Wrist Worldwide Trading.

Praxis Market Update
09 Jan 2012 15:13 GMT

Hamworthy shareholders vote in favour of Wärtsilä takeover
09 Jan 2012 15:06 GMT
Shareholder approval paves the way for Wärtsilä acquisition to go ahead.

Rotterdam Market Report
09 Jan 2012 12:58 GMT

Global Vision Market Report
09 Jan 2012 12:47 GMT

First vessel call at new BORCO jetty
09 Jan 2012 10:31 GMT
First ship arrives at the new offshore oil terminal jetty in the Bahamas.

Economic Events: Week 2, 2012
09 Jan 2012 10:17 GMT

Market Briefing
09 Jan 2012 10:13 GMT
Iran and its nuclear capacity (Brent: $113.6)

Kinder Morgan buys stake in black oil terminal
09 Jan 2012 08:48 GMT
Fifty percent stake in Houston storage firm is sold to a subsidiary of Kinder Morgan Energy Partners.

Fujairah government invests in terminal project
09 Jan 2012 07:05 GMT
The government of Fujairah is reported to have acquired a stake in a new oil storage facility.

Singapore Market Commentary (with evening update)
09 Jan 2012 05:46 GMT

Praxis Market Update
06 Jan 2012 15:27 GMT

Bulker to boost fuel efficiency by 20%
06 Jan 2012 14:03 GMT
New capesize bulker to raise fuel efficiency with advanced features.

DNVPS appoints Global Technical Manager
06 Jan 2012 13:31 GMT
Charlotte Rojgaard takes over from Dag Olav Halle at DNV Petroleum Services.

Global Vision Market Report
06 Jan 2012 12:22 GMT

Leak detection product for marine vessels
06 Jan 2012 11:48 GMT
New product is said to assure optimum leak detection in all oil-based fluid systems.

Rotterdam Market Report
06 Jan 2012 11:32 GMT

Market Briefing
06 Jan 2012 10:21 GMT
Iran losing even more clients (Brent: $113.1)

Singapore Market Commentary (with evening update)
06 Jan 2012 06:07 GMT

Slow steaming should become 'the global standard'
05 Jan 2012 15:55 GMT
Shipping line president refers to slow steaming in 2012 message.

Praxis Market Update
05 Jan 2012 15:15 GMT

Global Vision Market Report
05 Jan 2012 12:38 GMT

Rotterdam Market Report
05 Jan 2012 12:31 GMT

Bunkers International hires Hong Kong manager
05 Jan 2012 10:35 GMT
New manager has over four years' experience in the bunkering business.

Market Briefing
05 Jan 2012 10:03 GMT
Risk premiums on the rise (Brent: $114.2)

International Bunkering launches Mumbai office
05 Jan 2012 09:17 GMT
New office opened as part of strategy to meet growing demand in the Indian Subcontinent.

Bunkers International to open California office
05 Jan 2012 08:53 GMT
New bunker operation to be run by former Chemoil trader.

ABS to class dual-fuelled OSVs
05 Jan 2012 08:11 GMT
Supply vessels to also receive environmentally-friendly notations from US classification society.

Singapore Market Commentary (with evening update)
05 Jan 2012 05:07 GMT

Praxis Market Update
04 Jan 2012 16:02 GMT

December the least volatile month of 2011
04 Jan 2012 15:48 GMT
Bunker price data shows that December was the least volatile month of 2011, whilst February was the most volatile.

Rotterdam 380-cst average down 3.4% in December
04 Jan 2012 13:24 GMT
Average monthly 380-centistoke price hits 7-month low at Europe's leading bunker port.

Global Vision Market Report
04 Jan 2012 12:37 GMT

Rotterdam Market Report
04 Jan 2012 10:54 GMT

WTI vs BIX - Dec 2011
04 Jan 2012 10:35 GMT
WTI crude vs BIX global bunker price comparison.

Bunker Index (BIX) statistical summary
04 Jan 2012 10:17 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

Market Briefing
04 Jan 2012 09:21 GMT
The US trying to avoid confrontation in Hormuz (Brent: $112.3)

Singapore Market Commentary (with evening update)
04 Jan 2012 06:04 GMT

Praxis Market Update
03 Jan 2012 16:20 GMT

WFS appoints new board member
03 Jan 2012 13:50 GMT
Abby F. Kohnstamm is apointed to the board of directors of World Fuel Services Corporation.

Global Vision Market Report
03 Jan 2012 13:16 GMT

Rotterdam Market Report
03 Jan 2012 13:02 GMT

Global bunker average down 2% in December
03 Jan 2012 12:56 GMT
BIX bunker average falls from 7-month high during the last month of 2011.

Fujairah 380-cst average falls $10 in December
03 Jan 2012 12:34 GMT
Monthly 380-cst average ends the year at second-highest level since August 2008.

Singapore 380-cst average falls $21 in December
03 Jan 2012 10:18 GMT
380-cst average declines by 3.1 percent at the world's leading bunker port.

Market Briefing
03 Jan 2012 09:57 GMT
First trading day of the year (Brent: $108.8)

Singapore Market Commentary (with evening update)
03 Jan 2012 09:21 GMT



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