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Home » News » News Archive - August 2012


News Archive - August 2012

BP Marine to stage lubes workshop
30 Aug 2012 18:48 GMT
Workshop on lubrication requirements to be held in London next month.

Petrobras to expand refining capacity
30 Aug 2012 14:46 GMT
Energy firm to boost its refining capacity and produce fuels with lower sulphur content.

Praxis Market Update
30 Aug 2012 14:18 GMT

Global Vision Market Report
30 Aug 2012 14:14 GMT

Rotterdam Market Report
30 Aug 2012 11:51 GMT

Fuel oil stocks rise in Singapore
30 Aug 2012 10:05 GMT
It is the first time since January that inventories have remained below 18 million barrels for three consecutive weeks.

Dan-Bunkering appoints bunker trader
30 Aug 2012 09:31 GMT
Newly-appointed trader joins Dan-Bunkering's sales team in Copenhagen.

Market Briefing
30 Aug 2012 09:11 GMT
Oil production in Gulf of Mexico almost at a standstill (Brent: $112.8)

Singapore Market Commentary (with evening update)
30 Aug 2012 07:21 GMT

Total to supply LSFO in Singapore
29 Aug 2012 16:01 GMT
Supplier to expand its product range at the world's leading bunker port from next month.

Emulsion fuel oil progress update
29 Aug 2012 15:31 GMT
An enhanced version of the fuel is said to have been successfully developed by scientists.

Praxis Market Update
29 Aug 2012 15:12 GMT

Global Vision Market Report
29 Aug 2012 14:36 GMT

Fuel monitoring device launched
29 Aug 2012 12:14 GMT
Device monitors cat fines in fuel oil systems operating on heavy fuel oil.

New certification framework for CO2 storage
29 Aug 2012 11:41 GMT
Framework aims to fill a gap by providing a common international method for CO2 storage site selection, risk assessment, monitoring and verification.

Rotterdam Market Report
29 Aug 2012 10:56 GMT

Market Briefing
29 Aug 2012 09:52 GMT
IEA close the door on big strategic release (Brent: $112.2)

Singapore Market Commentary (with evening update)
29 Aug 2012 06:55 GMT

Australia to join EU emissions trading scheme
28 Aug 2012 16:33 GMT

New Orleans gets ready for Isaac
28 Aug 2012 15:51 GMT
Personnel and terminal operators complete storm preparedness procedures in anticipation of Tropical Storm Isaac.

Global Vision Market Report
28 Aug 2012 14:29 GMT

Barge operator to expand ocean tug fleet
28 Aug 2012 14:24 GMT
Bunker barge firm targets growth in the oil exploration market with fleet expansion program.

Rotterdam Market Report
28 Aug 2012 14:23 GMT

Market Briefing
28 Aug 2012 09:24 GMT
Tropical storm Isaac heading for the US Gulf Coast (Brent: $112.8)

NuStar halts Gulf Coast operations
28 Aug 2012 07:28 GMT
NuStar Energy shuts down terminals ahead of Tropical Storm Isaac.

Singapore Market Commentary (with evening update)
28 Aug 2012 06:53 GMT

Rotterdam Market Report
27 Aug 2012 11:25 GMT

Market Briefing
27 Aug 2012 10:51 GMT
Refinery explosion in Venezuela. World's biggest refinery complex affected

Singapore Market Commentary
27 Aug 2012 09:42 GMT

WFS declares cash dividend
24 Aug 2012 23:22 GMT
Latest cash dividend follows 3.2 percent decrease in second quarter net income.

Vopak operating profit up 28%
24 Aug 2012 15:48 GMT
Group operating profit rises by EUR 62 million during the first six months of 2012.

Quadrise signs MOA with Saudi Arabian partner
24 Aug 2012 13:42 GMT

Global Vision Market Report
24 Aug 2012 12:13 GMT

Rotterdam Market Report
24 Aug 2012 11:55 GMT

EnergySail design completed
24 Aug 2012 09:41 GMT
Rigid sail will allow ships to harness the power of the wind and sun in order to reduce bunker costs.

Market Briefing
24 Aug 2012 09:24 GMT
Euro zone worries keep a leash on the uptrend.

Singapore Market Commentary (with evening update)
24 Aug 2012 06:47 GMT

Praxis Market Update
23 Aug 2012 15:18 GMT

WFS reaches fuel supply agreement with Sanko Line
23 Aug 2012 15:12 GMT
WFS agrees not to arrest any vessel operated by Sanko Line and to resume supplying fuels, says trustee.

Fuel oil shipped from Iran to Singapore
23 Aug 2012 14:32 GMT
Almost two million barrels of fuel oil is in the process of being transported to Singapore from Iran.

Global Vision Market Report
23 Aug 2012 12:52 GMT

Rotterdam Market Report
23 Aug 2012 11:20 GMT

Ecuador breaks the $1500 barrier
23 Aug 2012 10:33 GMT
Ecuador is first country in the world since May to quote distillates above $1500/mt, according to Bunker Index data.

Singapore: Lowest fuel oil stocks since January
23 Aug 2012 09:55 GMT
Inventory levels have fallen by more than 5 million barrels over the last two weeks in Singapore.

Market Briefing
23 Aug 2012 09:53 GMT
Inventories kicked off the rally. FED followed up.

Singapore Market Commentary (with evening update)
23 Aug 2012 06:54 GMT

Global Vision Market Report
22 Aug 2012 15:41 GMT

US court dismisses ethanol fuel challenge
22 Aug 2012 15:24 GMT
Association expresses disappointment at court's E15 fuel decision.

New marine fuel developed by scientists
22 Aug 2012 13:57 GMT
Green fuel developed by adding two ingredients to low sulphur diesel.

Praxis Market Update
22 Aug 2012 13:13 GMT

Rotterdam Market Report
22 Aug 2012 12:32 GMT

Global Vision Bunkers moves office
22 Aug 2012 11:58 GMT
Netherlands-based firm returns to its roots following building renovation.

Market Briefing
22 Aug 2012 09:07 GMT
Middle East tension update and two potential market movers coming up today.

Singapore Market Commentary (with evening update)
22 Aug 2012 06:21 GMT

Sulphur regulation will prove costly, say experts
21 Aug 2012 15:18 GMT
The investments required by shipping firms and refineries are 'burdens' they can ill afford, say analysts.

Praxis Market Update
21 Aug 2012 14:34 GMT

Rotterdam Market Report
21 Aug 2012 13:13 GMT

Bomin adds supply locations in Spain
21 Aug 2012 12:37 GMT
Supplier extends its supply operation to the ports of Alicante and Castellón.

Global Vision Market Report
21 Aug 2012 11:33 GMT

Market Briefing
21 Aug 2012 09:23 GMT
ECB denies yield cap story.

UK bunker firm wins 5-year supply contract
21 Aug 2012 07:55 GMT
Bunker company to supply a fleet of lifeboats operating around the coasts of Great Britain, Ireland, the Channel Islands and the Isle of Man.

Singapore Market Commentary (with evening update)
21 Aug 2012 06:08 GMT

Aegean to commence supply operations in Hong Kong
20 Aug 2012 22:44 GMT
Supplier says it expects to deploy a tanker in Hong Kong by the end of September.

Oil spill equipment for nine Australian ports
20 Aug 2012 17:09 GMT
State-of-the-art equipment is being rolled out across the country as Australia aims to respond to oil spills more quickly and effectively.

Global Vision Market Report
20 Aug 2012 13:02 GMT

Trader leaves Korean bunker firm
20 Aug 2012 12:24 GMT
Assistant manager leaves Seoul-based marine fuels specialist.

Rotterdam Market Report
20 Aug 2012 11:21 GMT

Market Briefing
20 Aug 2012 09:37 GMT
Kings of wishful thinking.

Bunkers International gets go-ahead in Trinidad and Tobago
20 Aug 2012 09:22 GMT
Government agrees to issue a marketing license to subsidiary Bunkers Oil Trinidad & Tobago Ltd.

Insurer issues 'capuccino' bunker bulletin
20 Aug 2012 07:33 GMT
Members are advised to take precautionary measures to reduce the risk of being exposed to the malpractice of introducing air into fuel oil.

Ultrapetrol forecasts 'substantial' fuel savings
17 Aug 2012 16:23 GMT
Transportation firm expects to achieve bunker savings as a result of its re-engine program.

Keynote speaker to address ship efficiency issue
17 Aug 2012 14:38 GMT
Industry veteran to set the tone in addressing the challenges and solutions for improving ship efficiency and fleet operations.

Praxis Market Update
17 Aug 2012 14:01 GMT

Global Vision Market Report
17 Aug 2012 13:28 GMT

Rotterdam Market Report
17 Aug 2012 12:01 GMT

CEPSA Panama ready to offer 1.00% LSFO in Balboa
17 Aug 2012 09:42 GMT
Bunker supplier says it is ready to meet the needs of its clients with ECA-compliant fuel in Panama.

Market Briefing
17 Aug 2012 09:29 GMT
Rumour has it….

Singapore Market Commentary (with evening update)
17 Aug 2012 06:32 GMT

Bunkering suspended in Hong Kong
16 Aug 2012 14:41 GMT
Bunker deliveries are halted as Hong Kong prepares for storm signal 8.

Global Vision Market Report
16 Aug 2012 14:22 GMT

Praxis Market Update
16 Aug 2012 14:16 GMT

Middle distillate stocks fall in Singapore
16 Aug 2012 11:45 GMT
Inventories of middle distillates decline for the first time in three weeks in Singapore.

Rotterdam Market Report
16 Aug 2012 11:31 GMT

Fuel oil stocks plummet in Singapore
16 Aug 2012 10:05 GMT
Inventory levels fall by almost 3.5 million barrels - the most in a single week since April.

Singapore Market Commentary (with evening update)
16 Aug 2012 09:33 GMT

Market Briefing
16 Aug 2012 09:21 GMT
Oil prices up on supply fears.

Diesel-electric tugs to be built in Singapore
16 Aug 2012 07:38 GMT
Fuel-efficient tugs will run on marine gas oil and be equipped with batteries.

Hapag-Lloyd posts loss on higher bunker costs
15 Aug 2012 16:11 GMT
Container carrier says its financial results were hindered by soaring bunker prices during the second quarter of 2012.

Survey: SO2 levels fall in EU ports
15 Aug 2012 14:51 GMT
Survey finds that average concentrations of sulphur dioxide fell significantly in EU harbours after January 2010.

Praxis Market Update
15 Aug 2012 14:12 GMT

Global Vision Market Report
15 Aug 2012 12:38 GMT

Rotterdam Market Report
15 Aug 2012 12:22 GMT

Market Briefing
15 Aug 2012 08:41 GMT
Greece is struggling, tension in the Middle East is increasing (Brent: $113.9)

Baltic Oil to make name change announcement
15 Aug 2012 07:13 GMT
Announcements regarding name change to Pan European Terminals plc and H1 results expected shortly.

Singapore Market Commentary (with evening update)
15 Aug 2012 06:24 GMT

Marco Polo Seatrade exits Chapter 11
14 Aug 2012 17:23 GMT
Reorganisation plan is approved by the New York bankruptcy court overseeing the Chapter 11 case.

Brightoil appoints upstream VP
14 Aug 2012 16:11 GMT
Appointment is next step in Brightoil's strategy to expand its upstream business.

US firm launches water in fuel sensor
14 Aug 2012 15:13 GMT
New sensor is said to detect the presence of water in fuel and lubricating oil.

Praxis Market Update
14 Aug 2012 14:40 GMT

Global Vision Market Report
14 Aug 2012 13:21 GMT

Rotterdam Market Report
14 Aug 2012 12:23 GMT

Hapag-Lloyd to implement ECA fuel surcharge
14 Aug 2012 10:11 GMT
Low sulphur fuel surcharge will apply to trade from Latin America to North America.

Market Briefing
14 Aug 2012 09:17 GMT
Key figures and oil drivers (Brent: $114)

Aegean records $3.7 million rise in Q2 net income
14 Aug 2012 07:12 GMT
Second quarter net income climbs 115.6 percent in a comparison with the corresponding period last year.

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

Zim to introduce low sulphur fuel surcharge
13 Aug 2011 19:34 GMT
Surcharge to be implemented as a result of higher fuel costs following the introduction of the North American ECA.

Propulsion technology to be installed on 23 LNG ships
13 Aug 2012 15:13 GMT
Propulsion systems are said to provide ship owners with efficiency and layout flexibility.

Praxis Market Update
13 Aug 2012 14:03 GMT

Global Risk appoints Business Process Coordinator
13 Aug 2012 12:53 GMT
New appointment will be responsible for maintaning and developing the company's business systems.

Global Vision Market Report
13 Aug 2012 12:42 GMT

Rotterdam Market Report
13 Aug 2012 11:32 GMT

Market Briefing
13 Aug 2012 09:51 GMT
Bullish oil market: Oil prices increased this morning to three-month-high of $114

Gulf Petrochem appoints terminal manager
13 Aug 2012 09:11 GMT
Appointment made ahead of the launch of the Fujairah Oil Terminal during the third quarter of 2012.

Singapore Market Commentary (with evening update)
13 Aug 2012 06:38 GMT

Improving fuel efficiency with WAFMAX ships
10 Aug 2012 17:24 GMT
New container ships help improve fuel efficiency, customer service and reliability in West African ports.

Praxis Market Update
10 Aug 2012 15:12 GMT

Global Vision Market Report
10 Aug 2012 12:14 GMT

Rotterdam Market Report
10 Aug 2012 11:22 GMT

Long Beach cuts pollution by 75 percent
10 Aug 2012 11:08 GMT
Pollution from port-related sources is reduced for the fifth consecutive year.

Utility purchases two fuel oil cargoes
10 Aug 2012 10:07 GMT
Two 30,000-tonne fuel oil cargoes are scheduled for delivery in August-September.

Market Briefing
10 Aug 2012 09:32 GMT
Another set of weaker-than-expected Chinese data (Brent: $112.5)

Sekimizu to reiterate IMO’s commitment to sustainable development
10 Aug 2012 09:03 GMT
IMO Secretary-General to particiapte in panel discussion on sustainable maritime activities.

Singapore Market Commentary (with evening update)
10 Aug 2012 07:07 GMT

Students develop oil spill contingency concept
09 Aug 2012 13:47 GMT
Concept developed for a year-round Arctic oil spill response system.

Praxis Market Update
09 Aug 2012 13:33 GMT

Global Vision Market Report
09 Aug 2012 13:16 GMT

Rotterdam Market Report
09 Aug 2012 11:47 GMT

Fuel oil stocks up a third week in Singapore
09 Aug 2012 10:55 GMT
The highest inventory figure since July 4 and the first time since March that stock levels have risen for three consecutive weeks.

US Senator praises LNG ship conversion agreement
09 Aug 2012 09:41 GMT
TOTE's Alaska-bound ships will be converted to run on liquefied natural gas.

Market Briefing
09 Aug 2012 09:33 GMT
Chinese key numbers and US crude inventories (Brent: $112.1)

Aegean announces Barcelona expansion plans
08 Aug 2012 23:34 GMT
Supplier signs storage agreement and plans to commence physical supply operations in 2013.

Oil firm buys 630,000 tonnes of fuel oil
08 Aug 2012 15:21 GMT
Fuel oil to be delivered between August and October.

GAC announces Sri Lanka office expansion
08 Aug 2012 14:32 GMT
GAC opens new branch in Hambantota and moves into larger premises in Galle and Trincomalee.

Praxis Market Update
08 Aug 2012 13:31 GMT

Global Vision Market Report
08 Aug 2012 13:22 GMT

Office move for UK bunker firm
08 Aug 2012 13:20 GMT
Bunker company to relocate to new premises next week.

Rotterdam Market Report
08 Aug 2012 11:55 GMT

Market Briefing
08 Aug 2012 09:53 GMT
Oil prices taking a breather today (Brent: $111.5)

Agreement to develop renewable energy solutions
08 Aug 2012 09:46 GMT
Partnership to develop turnkey systems that generate power from renewable sources.

Singapore Market Commentary (with evening update)
08 Aug 2012 05:57 GMT

Praxis Market Update
07 Aug 2012 14:30 GMT

Global Vision Market Report
07 Aug 2012 13:26 GMT

Market Briefing
07 Aug 2012 11:38 GMT
Oil prices trending upwards (Brent$110.1)

Rotterdam Market Report
07 Aug 2012 11:33 GMT

OW Bunker strengthens US trading team
07 Aug 2012 10:34 GMT
Bunker firm announces five appointments in Houston with more planned.

DFDS crew save fuel with operational tweaks
07 Aug 2012 10:07 GMT
Ferry operator cuts bunker consumption as engine room staff are encouraged to compete for fuel savings.

Bomin and Linde Group in LNG joint venture
07 Aug 2012 09:23 GMT
Partnership will set out to develop an infrastructure for LNG bunkering in North-West Europe.

Singapore Market Commentary (with evening update)
07 Aug 2012 06:02 GMT

Curoil MD stresses importance of building strong relationships
06 Aug 2012 15:42 GMT
MD says Curoil will focus on improving its service and developing strong relationships with clients and business partners.

WFS to acquire assets of CarterEnergy Corporation
06 Aug 2012 14:03 GMT
World Fuel Services transaction is expected to be completed within the next 60 days.

Praxis Market Update
06 Aug 2012 13:51 GMT

Global Vision Market Report
06 Aug 2012 13:24 GMT

Rotterdam Market Report
06 Aug 2012 11:41 GMT

Market Briefing
06 Aug 2012 10:49 GMT
Positive sentiment prevails - oil prices up ($108.6)

Utility purchases fuel oil cargo
06 Aug 2012 07:55 GMT
Asian firm buys 30,000-tonne cargo and issues a tender for an additional 60,000 tonnes.

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

Mobil to raise capacity to meet Tauranga demand
03 Aug 2012 14:41 GMT
Oil major plans to increase its fuel oil storage capacity at Mount Maunganui in order to meet growing demand for marine fuels.

Praxis Market Update
03 Aug 2012 13:28 GMT

Global Vision Market Report
03 Aug 2012 13:18 GMT

Rotterdam Market Report
03 Aug 2012 11:20 GMT

New York approves clean vessel initiative
03 Aug 2012 11:06 GMT
$4.9 million program aims to encourage operators to use cleaner fuels and upgrade their technology to reduce emissions.

Market Briefing
03 Aug 2012 10:42 GMT
No immediate actions from the ECB - oil prices unchanged (Brent: $106.8)

ECA zone calculator launched
03 Aug 2012 09:43 GMT
Onboard software integrates ECA zone information and calculation tools to evaluate the most cost effective voyage track.

Singapore Market Commentary (with evening update)
03 Aug 2012 06:14 GMT

Singapore MGO vs ICE Gas Oil
02 Aug 2012 16:05 GMT
Analysis of Singapore marine gas oil and ICE Gas Oil prices.

WTI vs BIX price comparison
02 Aug 2012 15:34 GMT
Analysis of WTI crude vs the BIX global bunker price.

Praxis Market Update
02 Aug 2012 15:02 GMT

Brent vs BIX price comparison
02 Aug 2012 14:28 GMT
Analysis of Brent crude vs the BIX global bunker price.

Global Vision Market Report
02 Aug 2012 12:14 GMT

Rotterdam Market Report
02 Aug 2012 11:12 GMT

Market Briefing
02 Aug 2012 10:23 GMT
Can Draghi turn his words into action today?

FAL Oil appoints general manager
02 Aug 2012 09:34 GMT
New general manager Mohammed Al Sari replaces Mohammed Osman.

Singapore Market Commentary (with evening update)
02 Aug 2012 06:27 GMT

WFS posts dip in Q2 net income
01 Aug 2012 21:57 GMT
Second quarter net income of $48.6 million is 3.2 percent lower than in 2011.

GAC strengthens UAE team with new appointments
01 Aug 2012 15:42 GMT
Bunker firm appoints two bunker traders as part of its regional expansion plan.

Bunker Index (BIX) statistical summary
01 Aug 2012 13:50 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

Global Vision Market Report
01 Aug 2012 13:01 GMT

July the least volatile month since April
01 Aug 2012 12:51 GMT
BIX data shows that price volatility decreased in July compared to the previous two months, but was the third-highest of the year so far.

Rotterdam Market Report
01 Aug 2012 11:22 GMT

Market Briefing
01 Aug 2012 09:51 GMT
Wait-and-see still prevails - slight decrease in oil prices (Brent: $105)

Aegean to discuss Q2 results
01 Aug 2012 06:53 GMT
Supplier to hold conference call and webcast following the announcement of its Q2 2012 results later this month.

Singapore Market Commentary (with evening update)
01 Aug 2012 05:46 GMT



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