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Home » News » News Archive - March 2012


News Archive - March 2012

Praxis Market Update
30 Mar 2012 15:01 GMT

Fujairah 380-cst average up 1.2% in March
30 Mar 2012 14:53 GMT
Average 380-cst price rises by $9 per tonne at the Middle East's leading bunker port.

Global Vision Market Report
30 Mar 2012 14:21 GMT

Dan-Bunkering to expand in the Americas
30 Mar 2012 13:14 GMT
Danish bunker firm to launch an office in Houston towards the middle of this year.

Rotterdam Market Report
30 Mar 2012 12:53 GMT

Singapore 380-cst average up $2 in March
30 Mar 2012 11:22 GMT
Monthly average tops the $720 per tonne mark for the third month in a row.

Market Briefing
30 Mar 2012 09:48 GMT
Range trading, and profit taking (Brent: $123.0)

DNV in sustainability tie-up with WWF
30 Mar 2012 08:35 GMT
Cooperation to focus on sustainable shipping, low carbon and sustainability standards.

Singapore Market Commentary (with evening update)
30 Mar 2012 06:37 GMT

Praxis Market Update
29 Mar 2012 15:13 GMT

Global Vision Market Report
29 Mar 2012 13:12 GMT

Rotterdam Market Report
29 Mar 2012 12:16 GMT

Appointment announced at Dan-Bunkering Singapore
29 Mar 2012 11:54 GMT
Dan-Bunkering appoints accounts assistant in Singapore.

Fuel oil stocks rise again in Singapore
29 Mar 2012 11:28 GMT
Inventories of fuel oil rise above 23 million barrels for the first time since April 2011 in Singapore.

Market Briefing
29 Mar 2012 09:04 GMT
Saudi Arabia tries to talk prices lower (Brent: $124.20)

Wärtsilä: Impact of the Hamworthy acquisition revealed
29 Mar 2012 06:54 GMT

Singapore Market Commentary (with evening update)
29 Mar 2012 06:23 GMT

Praxis Market Update
28 Mar 2012 15:22 GMT

Construction agreement signed for Cyprus terminal
28 Mar 2012 13:11 GMT

Global Vision Market Report
28 Mar 2012 11:35 GMT

Rotterdam Market Report
28 Mar 2012 11:19 GMT

Market Briefing
28 Mar 2012 09:56 GMT
Oil trading sideways (Brent: USD 124.7)

Hapag-Lloyd introduces fuel surcharge
28 Mar 2012 09:22 GMT
Fuel fee said to be a result of the 'substantial increase in bunker prices'.

Singapore Market Commentary (with evening update)
28 Mar 2012 06:14 GMT

Vitol acquires 50% stake in Cockett Marine Oil
28 Mar 2012 06:04 GMT
Grindrod Ltd. agrees to sell stake in Cockett and sets up joint venture tanker company.

Sølvtrans orders diesel-electric ship
27 Mar 2012 17:27 GMT
Leading transporter of live fish places order for fuel-efficient vessel.

Praxis Market Update
27 Mar 2012 15:18 GMT

Shell's fuel oil head resigns
27 Mar 2012 13:21 GMT
Team leader at Shell's fuel oil desk is said to be joining rival firm Vitol.

Global Vision Market Report
27 Mar 2012 12:32 GMT

Rotterdam Market Report
27 Mar 2012 11:41 GMT

Market Briefing
27 Mar 2012 10:03 GMT
Quantitative Easing 3 ahead?

Fuel fears for sunken trawler
27 Mar 2012 07:45 GMT
Recovery operation planned for sunken fishing trawler in Victoria, Australia.

Dual-fuel engine selected for green ship project
27 Mar 2012 06:33 GMT
Eco-friendly vessel to operate at the port of Incheon towards the end of this year.

Singapore Market Commentary (with evening update)
27 Mar 2012 05:50 GMT

Praxis Market Update
26 Mar 2012 15:22 GMT

Global Vision Market Report
26 Mar 2012 13:12 GMT

Rotterdam Market Report
26 Mar 2012 13:10 GMT

Shipping confidence up on expectation of rate increases
26 Mar 2012 12:23 GMT
Confidence levels at their highest since May 2011, but new investment appetite wanes.

Australian supplier replaces barge
26 Mar 2012 12:18 GMT
Double-hulled tanker to operate in Port Botany and Port Jackson.

India takes steps to ensure emissions compliance
26 Mar 2012 10:42 GMT
Ships to be inspected to ensure they comply with new IMO standards.

Economic Events: Week 13, 2012
26 Mar 2012 09:55 GMT

Market Briefing
26 Mar 2012 09:51 GMT
Oil sideways on mixed supply situation (Brent: USD 124.9)

Singapore Market Commentary (with evening update)
26 Mar 2012 06:12 GMT

Sinopec to store fuel in Fujairah
23 Mar 2012 15:23 GMT
Refiner could take over 200,000 cubic metres of tank storage by 2014, government official says.

Praxis Market Update
23 Mar 2012 14:48 GMT

Global Vision Market Report
23 Mar 2012 13:51 GMT

Chemoil CFO/COO resigns
23 Mar 2012 13:23 GMT
Mats Berglund quits Chemoil to join Hong Kong shipping firm.

Rotterdam Market Report
23 Mar 2012 12:03 GMT

Market Briefing
23 Mar 2012 09:28 GMT
Oil sideways as portfolio managers make up their minds (Brent: $123.5).

Andatee committee appoints advisors
23 Mar 2012 07:33 GMT
Financial advisor will assist in evaluating the CEO's offer to acquire all of Andatee's outstanding shares.

Singapore Market Commentary (with evening update)
23 Mar 2012 06:28 GMT

Praxis Market Update
22 Mar 2012 14:47 GMT

Middle distillates rise above 11 million barrels
22 Mar 2012 12:52 GMT
Inventories of middle distillates increase to almost make up the previous week's losses in Singapore.

Global Vision Market Report
22 Mar 2012 12:02 GMT

Rotterdam Market Report
22 Mar 2012 11:55 GMT

Fuel oil stocks up in Singapore
22 Mar 2012 10:31 GMT
Inventories of fuel oil rise for the second consecutive week in Singapore.

Market Briefing
22 Mar 2012 10:03 GMT
China not happy with US sanctions on Iran (Brent: $123.5)

Dan-Bunkering appoints senior bunker trader
22 Mar 2012 08:14 GMT
Experienced trader Jesper Glistrup is promoted to senior bunker trader in Middelfart, Denmark.

Singapore Market Commentary (with evening update)
22 Mar 2012 06:38 GMT

Med average down $9.57 per tonne
21 Mar 2012 18:33 GMT
BIX MED falls for the first time this week as bunker prices plummet in the Mediterranean.

Global Vision Market Report
21 Mar 2012 15:38 GMT

St. Lucia 'should not impact Hovensa'
21 Mar 2012 15:22 GMT
Hess says the decision to look into the sale of its St. Lucia terminal should not affect its stake in Hovensa.

Praxis Market Update
21 Mar 2012 14:47 GMT

Rotterdam Market Report
21 Mar 2012 12:23 GMT

Market Briefing
21 Mar 2012 11:49 GMT
Saudi oil minister vs. speculators 1-1 (Brent: $124.4)

Fujairah terminal on track for September completion
21 Mar 2012 08:49 GMT
First phase of 1.2 million cubic metre storage terminal is on course to be completed within six months.

Verbeke to become Aegean North-West Europe
21 Mar 2012 06:09 GMT
New corporate identity for Verbeke Bunkering from the beginning of next month.

Singapore Market Commentary (with evening update)
21 Mar 2012 05:46 GMT

EU approves Bominflot acquisition
20 Mar 2012 16:38 GMT
European Commission gives green light for Marquard & Bahls to acquire Bominflot's marine fuels business.

Valero to suspend refining at Aruba
20 Mar 2012 15:55 GMT
Operations to halt at Valero's bunker-producing Aruba refinery at the end of March.

Praxis Market Update
20 Mar 2012 13:33 GMT

Global Vision Market Report
20 Mar 2012 13:28 GMT

Rotterdam Market Report
20 Mar 2012 11:14 GMT

Market Briefing
20 Mar 2012 11:08 GMT
Still tensions in Hormuz (Brent: USD 127.7)

Hess explores sale of St. Lucia terminal
20 Mar 2012 10:32 GMT
Oil company hires Goldman Sachs to look into the potential sale of its storage and transshipment facility in St. Lucia.

Castrol warns against 'one fits all' lubricants
20 Mar 2012 08:02 GMT
Supplier says a range of cylinder oils is required for a ship to operate most efficiently.

PDVSA reveals bunker and lubricants team
20 Mar 2012 06:15 GMT
Venezuelan oil firm names team responsible for dealing with enquiries for marine fuels and lubricants.

Singapore Market Commentary (with evening update)
20 Mar 2012 05:08 GMT

First 'true hybrid system' for Viking Lady
19 Mar 2012 16:34 GMT
LNG-fuelled ship to reduce its emissions further with hybrid energy system.

Praxis Market Update
19 Mar 2012 14:38 GMT

Polemis: Shipping needs global measures
19 Mar 2012 13:29 GMT
ICS chairman set to warn against the 'chaos' of US states implementing their own rules.

Liquid storage event to be held in South Africa
19 Mar 2012 12:53 GMT
Conference will look at key topics related to bulk liquid storage.

Global Vision Market Report
19 Mar 2012 12:46 GMT

Rotterdam Market Report
19 Mar 2012 11:21 GMT

Market Briefing
19 Mar 2012 09:43 GMT
Bullish trend continues (Brent: $125.5)

PDVSA to sell stake in Nynas, says minister
19 Mar 2012 06:52 GMT
Energy minister says state-owned Venezuelan firm is 'in the process of liquidating the partnership'.

Singapore Market Commentary (with evening update)
19 Mar 2012 05:13 GMT

$5 million for clean vessels in California
16 Mar 2012 17:18 GMT
Loans to be offered to small businesses wishing to upgrade to cleaner operating vessels.

Fuel oil stocks up in Chinese province
16 Mar 2012 15:08 GMT
Inventories of fuel oil rise in coastal province. Further increase expected next week.

Praxis Market Update
16 Mar 2012 14:38 GMT

Fuel oil imports set to rise in East China
16 Mar 2012 14:21 GMT
Latest research says imports of fuel oil are set to rise by almost 100,000 tonnes in March.

Global Vision Market Report
16 Mar 2012 13:55 GMT

Middle distillates fall below 11 million barrels
16 Mar 2012 11:53 GMT
Inventories of middle distillates decrease to their lowest level in five weeks in Singapore.

Russia could raise fuel oil tax by over 50%
16 Mar 2012 11:23 GMT
Experts warn that the proposed increase could lead to a collapse in Russia's refining industry.

Rotterdam Market Report
16 Mar 2012 10:46 GMT

Market Briefing
16 Mar 2012 10:02 GMT
Showdown in the making? (Brent: $123.2)

Singapore Market Commentary (with evening update)
16 Mar 2012 06:22 GMT

P&O: Job cuts 'inevitable' after 2015 ECA rules
15 Mar 2012 16:18 GMT
Ferry line warns new sulphur legislation on marine fuels will lead to job losses due to higher bunker costs.

Praxis Market Update
15 Mar 2012 14:04 GMT

New bunker supply operation in Jamaica
15 Mar 2012 13:41 GMT
Supplier offering a full range of fuel grades with delivery around the island of Jamaica.

Global Vision Market Report
15 Mar 2012 13:10 GMT

Rotterdam Market Report
15 Mar 2012 11:31 GMT

Market Briefing
15 Mar 2012 11:03 GMT
US warns Iran ahead of nuclear talks (Brent: $124.7)

Fuel oil stocks rise to 43-week high
15 Mar 2012 10:21 GMT
Inventories of fuel oil remain above 21 million barrels for the fourth consecutive week in Singapore.

Dan-Bunkering appoints bunker trader
15 Mar 2012 09:34 GMT
Newly-appointed trader joins Dan-Bunkering's sales team in Copenhagen.

Singapore Market Commentary (with evening update)
15 Mar 2012 06:13 GMT

Praxis Market Update
14 Mar 2012 14:19 GMT

Global Vision Market Report
14 Mar 2012 13:27 GMT

OW creates management structure for Northern Europe
14 Mar 2012 13:13 GMT
New structure aims to further support customer operations and the provision of dynamic bunkering solutions.

Rotterdam Market Report
14 Mar 2012 12:09 GMT

Cargo volume record for New York & New Jersey
14 Mar 2012 10:24 GMT
All-time record bodes well for bunker suppliers at the largest port on the US East Coast.

Market Briefing
14 Mar 2012 09:38 GMT
Major bank fails FED stress test (Brent: $125.8)

Total to produce refined products in southern China
14 Mar 2012 08:29 GMT
French oil major signs deal to participate in refinery project in Guangdong province.

First cargo 'on its way' to Fujairah terminal
14 Mar 2012 06:37 GMT
First cargo of fuel oil is set to arrive within the next two weeks at the new Socar Aurora Fujairah Terminal.

Singapore Market Commentary (with evening update)
14 Mar 2012 04:51 GMT

Japan launches hybrid car carrier
13 Mar 2012 15:28 GMT
Vessel is set to be the world's first newly-delivered hybrid car carrier later this year.

ENOC launches lube plant in Fujairah
13 Mar 2012 14:49 GMT
New facility will have the capacity to produce over 250,000 tonnes of lubricants and greases by 2014.

Praxis Market Update
13 Mar 2012 14:19 GMT

Global Vision Market Report
13 Mar 2012 13:27 GMT

Saving fuel with Europe's first hybrid tug
13 Mar 2012 13:21 GMT
Eco-friendly tug is due to be officially launched in the second quarter of 2012.

Rotterdam Market Report
13 Mar 2012 11:33 GMT

Market Briefing
13 Mar 2012 09:40 GMT
North Sea production, and FED meeting (Brent: $126.0)

Singapore: Lowest bunker sales since Feb 2010
13 Mar 2012 07:13 GMT
Bunker sales in Singapore decline by 15.7 percent to their lowest level in 24 months.

Singapore Market Commentary (with evening update)
13 Mar 2012 06:06 GMT

Praxis Market Update
12 Mar 2012 15:28 GMT

Global Vision Market Report
12 Mar 2012 13:51 GMT

Rotterdam Market Report
12 Mar 2012 13:15 GMT

Cockett to open Dubai office
12 Mar 2012 12:21 GMT
Bunker firm to launch UAE office in the last week of March.

Economic Events: Week 11, 2012
12 Mar 2012 11:44 GMT

Market Briefing
12 Mar 2012 11:41 GMT
China in biggest monthly trade balance deficit ever! (Brent: $125.4)

BMS Bunkers rebranding announced
12 Mar 2012 11:02 GMT
Brilliant Maritime Services launches new logo and corporate website as part of rebranding strategy.

US Navy aims to slash fuel consumption by 15%
12 Mar 2012 09:14 GMT
Plan to cut marine fuel consumption forms part of new energy conservation strategy for military operations.

Singapore Market Commentary (with evening update)
12 Mar 2012 08:12 GMT

Praxis Market Update
09 Mar 2012 14:35 GMT

Rena crew 'took shortcuts' before grounding
09 Mar 2012 13:55 GMT
Report claims that the Rena's crew took several shortcuts before hitting Astrolabe Reef.

Global Vision Market Report
09 Mar 2012 11:48 GMT

Rotterdam Market Report
09 Mar 2012 11:36 GMT

Market Briefing
09 Mar 2012 11:22 GMT
Does the Greece Swap constitute a "credit event"? If so, what will happen to oil prices?

Fuel oil stocks surge in East China
09 Mar 2012 10:33 GMT
Inventories of fuel oil rise to over 1 million tonnes in coastal province.

EPA coordinator sent to St Croix
09 Mar 2012 08:55 GMT
Coordinator to oversee activities at the recently closed Hovensa refinery complex.

Singapore Market Commentary (with evening update)
09 Mar 2012 06:08 GMT

Global Vision Market Report
08 Mar 2012 14:16 GMT

Praxis Market Update
08 Mar 2012 13:35 GMT

Power drive cuts bunker consumption
08 Mar 2012 12:51 GMT
Wärtsilä says new power drive will enable it to offer solutions with increased efficiency and lower fuel consumption.

Rotterdam Market Report
08 Mar 2012 11:46 GMT

Middle distillates: Second-highest stocks in 20 weeks
08 Mar 2012 10:42 GMT
Inventories of middle distillates increase to their second-highest level since October in Singapore.

Fuel oil stocks fall from 9-month high
08 Mar 2012 10:03 GMT
Inventories of fuel oil decrease for the first time in four weeks in Singapore.

Market Briefing
08 Mar 2012 09:57 GMT
Next week’s FED discussion was "leaked" (Brent: $124.8)

Singapore Market Commentary (with evening update)
08 Mar 2012 08:25 GMT

Horizon publishes green initiatives report
07 Mar 2012 15:18 GMT
Initiatives include reducing bunker consumption by 3.5% and purchasing fuel with low sulphur content.

Praxis Market Update
07 Mar 2012 14:43 GMT

Global Vision Market Report
07 Mar 2012 13:01 GMT

Rotterdam Market Report
07 Mar 2012 12:28 GMT

'World's first' plugin hybrid green ship
07 Mar 2012 10:33 GMT
New vessel is said to be the first plugin hybrid to be powered by electricity, hydrogen fuel cells and low-emission diesel fuel.

Market Briefing
07 Mar 2012 10:00 GMT
Peace talks between the Western countries and Iran?

Gas injection engine demonstration in 2013
07 Mar 2012 08:55 GMT
Demonstration of electronically-controlled gas injection diesel engine to be carried out next year.

WFS declares cash dividend
07 Mar 2012 06:51 GMT
Latest cash dividend follows 27 percent rise in fourth quarter net income.

Singapore Market Commentary
07 Mar 2012 05:24 GMT

'Fuel-saving' monitoring system launched
06 Mar 2012 17:40 GMT
New system is said to deliver fuel savings of more than five percent.

Praxis Market Update
06 Mar 2012 14:36 GMT

Japan's 'first' system for supplying high pressure gas
06 Mar 2012 13:12 GMT

Global Vision Market Report
06 Mar 2012 12:14 GMT

Rotterdam Market Report
06 Mar 2012 11:22 GMT

Market Briefing
06 Mar 2012 10:22 GMT
Israel insists on the right to defend itself (Brent: USD 123.7)

Dan-Bunkering appoints sales manager
06 Mar 2012 08:55 GMT
Experienced trader will be responsible for the management, development and education of Dan-Bunkering's trading department.

MBMs discussion continues
06 Mar 2012 06:31 GMT
Further debate on market-based measures is scheduled to take place at next MEPC meeting in October.

Singapore Market Commentary (with evening update)
06 Mar 2012 04:51 GMT

Praxis Market Update
05 Mar 2012 16:35 GMT

Singapore: LNG bunkering may be limited by domestic demand
05 Mar 2012 15:44 GMT
The amount of LNG required to meet domestic demand will determine how much is available for bunkering, says CEO.

LNG-fuelled ship to cut CO2 by 40%
05 Mar 2012 13:32 GMT
New LNG-powered vessel is due to operate along the coast of Norway.

Global Vision Market Report
05 Mar 2012 13:28 GMT

MOL to publish emission performance indicators
05 Mar 2012 13:14 GMT
Shipping line to publish data as part of its strategy to share service performance information with clients.

Economic Events: Week 10, 2012
05 Mar 2012 11:41 GMT

Rotterdam Market Report
05 Mar 2012 11:34 GMT

Market Briefing
05 Mar 2012 11:33 GMT
Iran update (Brent: $123.5)

Average bunker price passes $900 mark
05 Mar 2012 10:11 GMT
Friday 2nd March proved to be a historic day for bunkering as the average global bunker price exceeded $900 per tonne.

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

Praxis Market Update
02 Mar 2012 14:48 GMT

Up to US$180 million investment for BORCO
02 Mar 2012 13:31 GMT
Parent company says it plans to invest up to US$180 million to upgrade its terminal facility in the Bahamas.

Global Vision Market Report
02 Mar 2012 12:38 GMT

Rotterdam Market Report
02 Mar 2012 12:09 GMT

Market Briefing
02 Mar 2012 10:13 GMT
Pipeline blast in Saudi Arabia? (Brent: $125.0)

February the most volatile month since June 2011
02 Mar 2012 08:22 GMT
BIX data shows that price volatility was at its highest for eight months in February 2012.

Bunker Index (BIX) statistical summary
02 Mar 2012 06:35 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

Singapore Market Commentary (with evening update)
02 Mar 2012 06:12 GMT

Fujairah 380-cst average up 1.4% in February
01 Mar 2012 15:48 GMT
Average 380-cst price in February is $13 per tonne higher than in July 2008, when crude reached record highs.

Praxis Market Update
01 Mar 2012 15:33 GMT

Global Vision Market Report
01 Mar 2012 13:55 GMT

Highest fuel oil stocks since May 2011
01 Mar 2012 13:27 GMT
Inventories of fuel oil rise for the third consecutive week in Singapore.

Rotterdam Market Report
01 Mar 2012 12:24 GMT

Global bunker average up $24.72 in February
01 Mar 2012 11:17 GMT
BIX monthly average rises for the second consecutive month.

Market Briefing
01 Mar 2012 10:31 GMT
Lack of word(s) made oil volatile (Brent: $122.8)

Rotterdam 380-cst average up $20 in February
01 Mar 2012 08:53 GMT
Monthly 380-centistoke price surpasses July 2008 average at Europe's leading bunker port.

Singapore Market Commentary (with evening update)
01 Mar 2012 06:21 GMT



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