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Home » News » News Archive - October 2012

News Archive - October 2012

LNG bunker terminal planned for Hamburg
30 Oct 2012 15:11 GMT
Joint venture takes 'first step' with the planned construction of an LNG terminal for refuelling ships in Hamburg.

Global Vision Market Report
30 Oct 2012 13:07 GMT

Praxis Market Update
30 Oct 2012 12:55 GMT

Rotterdam Market Report
30 Oct 2012 12:08 GMT

Dynamic Oil Trading appoints bunker trader
30 Oct 2012 11:21 GMT
Trading desk strengthened with the appointment of Sharon Ng.

Shipper announces drop in bunker costs
30 Oct 2012 09:08 GMT
1.4% decline in vessel fuel costs for ocean shipper.

Market Briefing
30 Oct 2012 08:42 GMT
Super storm Sandy affects trading - again (Brent: $109.3).

Singapore Market Commentary (with evening update)
30 Oct 2012 06:31 GMT

Survey: Lube costs likely to rise the most
29 Oct 2012 14:11 GMT
Respondents identify lubricants as the cost category likely to increase most significantly in 2012 and 2013.

Feasibility study published on LNG bunkering in Belgium
29 Oct 2012 13:41 GMT
DNV, the Flemish government and the port authorities of Antwerp, Zeebrugge, Ghent and Fluxys publish LNG study.

Praxis Market Update
29 Oct 2012 13:12 GMT

Global Vision Market Report
29 Oct 2012 12:01 GMT

Rotterdam Market Report
29 Oct 2012 11:14 GMT

Paul Bradshaw joins OW Bunker
29 Oct 2012 10:51 GMT
Bradshaw is appointed Regional Manager for OW Bunker Asia.

Market Briefing
29 Oct 2012 09:31 GMT
Sandy closes U.S. Markets (Brent: $108.7).

Port of New York prepares for Sandy
29 Oct 2012 09:04 GMT
Port condition Yankee has been set for commercial waterways in preparation for Hurricane Sandy.

Singapore Market Commentary (with evening update)
29 Oct 2012 05:44 GMT

Odfjell seeks permission to slash workforce
26 Oct 2012 16:57 GMT
Norwegian tank terminal operator aims to reduce staff numbers in order to avoid bankruptcy.

Vopak completes $1 billion notes programme
26 Oct 2012 13:38 GMT
Terminal operator says the proceeds will be used to repay outstanding debt and for other general corporate purposes.

Praxis Market Update
26 Oct 2012 13:11 GMT

Global Vision Market Report
26 Oct 2012 12:05 GMT

NAMEPA to host New York conference
26 Oct 2012 11:04 GMT
Association to also host Marine Environment Protection Awards at New York venue.

Rotterdam Market Report
26 Oct 2012 10:51 GMT

Market Briefing
26 Oct 2012 09:04 GMT
Nigearian oil production to pick up (Brent: $107.6).

Shore power proposal for San Diego terminal
26 Dec 2012 08:02 GMT
The Port of San Diego plans to install shore power at its Tenth Avenue Marine Terminal, currently occupied by Dole Fresh Fruit.

Copec offering low sulphur fuel in Chile
25 Oct 2012 17:26 GMT
Supplier officially begins quoting for deliveries of low sulphur fuel in central and southern ports.

GAC launches mobile directory app
25 Oct 2012 16:20 GMT
New mobile directory application launched for iPhone and Blackberry.

Largest rise in fuel oil stocks for 16 weeks
25 Oct 2012 12:11 GMT
Singapore fuel oil stocks are above 22 million barrels for only the second time since April 4.

Global Vision Market Report
25 Oct 2012 11:45 GMT

Rotterdam Market Report
25 Oct 2012 10:45 GMT

Market Briefing
25 Oct 2012 09:02 GMT
Oil prices trading sideways on mixed news (Brent: $108.3).

WOC announces ocean sustainability conference
25 Oct 2012 07:14 GMT
World Ocean Council to host event on sustainable development of the marine environment.

Singapore Market Commentary (with evening update)
25 Oct 2012 05:59 GMT

ABS releases environmental management software
24 Oct 2012 14:33 GMT
New software module is aimed at helping owners meet environmental and operational demands.

Global Vision Market Report
24 Oct 2012 13:47 GMT

Rotterdam Market Report
24 Oct 2012 11:38 GMT

Market Briefing
24 Oct 2012 11:30 GMT
Risk-off triggered oil price decrease (Brent: $108.5).

Dan-Bunkering appoints bunker trader
24 Oct 2012 11:04 GMT
Gamal Saaid joins Dan-Bunkering's sales team in Copenhagen.

Cosmo Oil selling 1% bunker fuel
24 Oct 2012 07:36 GMT
Japanese supplier has begun offering low sulphur marine fuel to customers.

Singapore Market Commentary (with evening update)
24 Oct 2012 06:12 GMT

Praxis Market Update
23 Oct 2012 17:11 GMT

OW Bunker to acquire Bergen Bunkers
23 Oct 2012 17:05 GMT
Norwegian bunker firm will retain its brand name and operate as a wholly owned subsidiary of OW Bunker.

Quadrise announces financial results
23 Oct 2012 15:43 GMT
Emulsion fuel oil firm announces its results for the year ended 30 June 2012.

BP begins fuel terminal expansion in Adelaide
23 Oct 2012 14:05 GMT
Construction work begins on the expansion of BP's fuel storage terminal in Adelaide, Australia.

Global Vision Market Report
23 Oct 2012 12:38 GMT

Rotterdam Market Report
23 Oct 2012 12:29 GMT

Market Briefing
23 Oct 2012 10:18 GMT
Oil prices slightly lower (Brent: $109.15).

Singapore Market Commentary (with evening update)
23 Oct 2012 06:52 GMT

Sinopec launches bonded bunker operation at Rizhao
22 Oct 2012 20:45 GMT
Sinopec Fuel Oil Sales Corp. puts two bunker delivery barges into service at Shandong province port.

Wärtsilä launches efficient tanker design
22 Oct 2012 18:27 GMT
Aframax tanker design includes Wärtsilä's fuel-saving X62 engine and an integrated exhaust gas scrubber.

Praxis Market Update
22 Oct 2012 15:09 GMT

Global Vision Market Report
22 Oct 2012 13:06 GMT

Rotterdam Market Report
22 Oct 2012 11:48 GMT

ABB delivers fuel-saving propulsion systems
22 Oct 2012 10:25 GMT
Azipod C propulsion systems are delivered to Swire Pacific Offshore Operations (Pte.) Ltd.

Market Briefing
22 Oct 2012 09:14 GMT
Little news ahead (Brent: $110.6).

Operations commence at Longwei facility
22 Oct 2012 07:46 GMT
Fuel storage depot has a total capacity of 100,000 metric tonnes.

Panama tank farm assessment completed
22 Oct 2012 06:41 GMT
Marine safety assessment carried out on bunker storage terminal in Panama.

Singapore Market Commentary (with evening update)
22 Oct 2012 05:54 GMT

Global Vision Market Report
19 Oct 2012 13:14 GMT

Rotterdam Market Report
19 Oct 2012 12:55 GMT

Singapore Market Commentary (with evening update)
19 Oct 2012 12:18 GMT

Market Briefing
19 Oct 2012 11:33 GMT
South Sudan expects production to resume soon (Brent: $112.3).

Oil spill exercise in Singapore
19 Oct 2012 10:55 GMT
Oil pollution exercise held in conjunction with SIBCON 2012 event.

KPI Bridge Oil appoints Mauro Agostini
18 Oct 2012 19:23 GMT
Experienced trader joins KPI Bridge Oil's office in Florida.

Singapore LNG terminal nearing completion
18 Oct 2012 16:54 GMT
City-state's first LNG facilility on Jurong Island is said to be close to completion.

Praxis Market Update
18 Oct 2012 15:08 GMT

Global Vision Market Report
18 Oct 2012 12:31 GMT

Rotterdam Market Report
18 Oct 2012 11:33 GMT

Highest middle distillate stocks since April
18 Oct 2012 10:23 GMT
Inventories of middle distillates rise above 10 million barrels for the first time since May.

Fuel oil stocks dip in Singapore
18 Oct 2012 09:51 GMT
Inventory levels decline, but it is the first time since August that stocks have remained above 19 million barrels for two consecutive weeks.

Market Briefing
18 Oct 2012 08:55 GMT
U.S. oil inventories - a mixed bag of figures (Brent: $113.50).

Fuel-saving tanker for Green Pledge operator
18 Oct 2012 07:31 GMT
SIBCON Green Pledge firm AET is to take delivery of its new 'eco-design' tanker by the end of October.

NYK ships to be fitted with energy-saving technology
17 Oct 2012 16:41 GMT
Shipping line to build four PCTC vessels equipped with technology to improve fuel performance.

Praxis Market Update
17 Oct 2012 15:34 GMT

Global Vision Market Report
17 Oct 2012 13:12 GMT

Rotterdam Market Report
17 Oct 2012 12:20 GMT

Port initiatives announced at SIBCON
17 Oct 2012 09:37 GMT
MPA introduces initiatives to enhance the quality of bunkering in Singapore.

Market Briefing
17 Oct 2012 09:19 GMT
FOMC Minutes released (Brent: $114.2).

Companies pledge commitment to green shipping
17 Oct 2012 07:57 GMT
Thirteen more organizations sign up to the Maritime Singapore Green Pledge.

Project to assess LNG bunkering in Australia
16 Oct 2012 16:30 GMT
Four-month study to examine the requirements, benefits and risks of LNG bunkering in Australia.

Praxis Market Update
16 Oct 2012 15:25 GMT

KPI Bridge Oil appoints risk management director
16 Oct 2012 13:43 GMT
Christel McLoughlin will be based at KPI Bridge Oil’s headquarters in London.

Rotterdam Market Report
16 Oct 2012 13:22 GMT

Global Vision Market Report
16 Oct 2012 13:02 GMT

U.S. meeting focuses on LNG, ECA and efficiency
16 Oct 2012 11:28 GMT
GL looks at some of the key topics in North America at its committee meeting in Houston.

Market Briefing
16 Oct 2012 09:27 GMT
Potential Iranian plans leaked (Brent: $114.6).

PDVSA announces bunker and lubricants team
16 Oct 2012 07:43 GMT
Venezuelan oil firm names team responsible for dealing with enquiries for marine fuels and lubricants.

Praxis Market Update
15 Oct 2012 16:14 GMT

Seven-day programme includes SIBCON participation
15 Oct 2012 15:30 GMT
Senior maritime representatives at the Maritime Public Leaders' Programme will have the opportunity to attend SIBCON.

Second monthly sales decline in Singapore
15 Oct 2012 14:37 GMT
Bunker sales fall for the second consecutive month at the world's leading bunker port.

Fuel-saving propulsion for Gulf of St. Lawrence ferry
15 Oct 2012 14:12 GMT
Steerprop is contracted to deliver the main propulsion system for a ferry to be built for Société des traversiers du Québec.

Rotterdam Market Report
15 Oct 2012 13:35 GMT

Global Vision Market Report
15 Oct 2012 12:40 GMT

Market Briefing
15 Oct 2012 09:27 GMT
Middle Eastern update (Brent: $114.3).

Gulf Petrochem to sponsor SIBCON
15 Oct 2012 07:38 GMT
CEO says participation will provide the oil firm with an 'excellent opportunity' to interact with industry peers.

Singapore Market Commentary (with evening update)
15 Oct 2012 06:28 GMT

Interferry welcomes EEDI decision
12 Oct 2012 15:17 GMT
Trade association welcomes MEPC decision to proceed with a sector-specific methodology for establishing energy efficiency requirements for ro-ro cargo and ro-pax vessels.

New York terminal to provide crude oil services
12 Oct 2012 14:31 GMT
Agreement reached with Irving Oil to offer crude oil services at Buckeye's Albany terminal.

Singapore owners to install fuel-saving engines
12 Oct 2012 13:02 GMT
Six new vessels are to be fitted with Wärtsilä's new X72 engine.

Rotterdam Market Report
12 Oct 2012 12:38 GMT

Global Vision Market Report
12 Oct 2012 12:19 GMT

Market Briefing
12 Oct 2012 09:32 GMT
EU ship insurers follow up on Iran sanctions (Brent: $115.4).

Omsk marine fuels output up almost 70%
12 Oct 2012 08:04 GMT
Gazprom Neft has seen significant growth in its output of marine fuels at the Omsk Refinery in 2012.

Singapore Market Commentary (with evening update)
12 Oct 2012 06:32 GMT

Praxis Market Update
11 Oct 2012 15:17 GMT

Agreement to purchase NY marine petroleum terminal
11 Oct 2012 13:47 GMT
United Refining subsidiary to acquire terminal with over 5 million barrels of petroleum storage capacity.

Global Vision Market Report
11 Oct 2012 12:23 GMT

Rotterdam Market Report
11 Oct 2012 11:24 GMT

Fuel oil stocks climb above 19m barrels
11 Oct 2012 10:04 GMT
Inventory levels rise to their highest level since September 19 in Singapore.

Market Briefing
11 Oct 2012 09:51 GMT
Turkey halts Syrian plane (Brent: $114.8).

ABS grants AIP for multipurpose LNG vessel
11 Oct 2012 07:46 GMT
Barge has the ability to load LNG from terminals and transport to marine vessels using LNG as a fuel.

Singapore Market Commentary (with evening update)
11 Oct 2012 06:25 GMT

Ships fitted with consumption measurement technology
10 Oct 2012 16:46 GMT
DFDS vessels are equipped with fuel consumption measuring systems from Austrian manufacturer.

SEEMP Manual published
10 Oct 2012 14:43 GMT
BIMCO launches Step-by-Step SEEMP Manual in association with Fathom Shipping.

Praxis Market Update
10 Oct 2012 14:35 GMT

Global Vision Market Report
10 Oct 2012 12:20 GMT

Rotterdam Market Report
10 Oct 2012 11:11 GMT

Dynamic Oil Trading appoints Shirli Goh
10 Oct 2012 10:56 GMT
Experienced bunker trader joins Dynamic's trading team in Singapore.

Market Briefing
10 Oct 2012 09:25 GMT
Saudi Arabia would like lower prices, but ok with current level ($114.1).

New barge and LSFO at Buenaventura
10 Oct 2012 07:58 GMT
Bunkers International launches new double-hulled barge and LSFO product at Pacific coast port.

Singapore Market Commentary (with evening update)
10 Oct 2012 06:24 GMT

Rotterdam and Gothenburg form LNG alliance
09 Oct 2012 15:41 GMT
Both ports aim to have an LNG bunkering infrastructure in place for 2015.

Praxis Market Update
09 Oct 2012 14:41 GMT

Chemoil to sell Jurong Island terminal
09 Oct 2012 14:09 GMT
Oiltanking enters into an agreement to acquire a 100% shareholding in Chemoil's Helios Terminal.

Global Vision Market Report
09 Oct 2012 12:31 GMT

Rotterdam Market Report
09 Oct 2012 10:50 GMT

Market Briefing
09 Oct 2012 09:58 GMT
Still some way to go before the international crisis is over (Brent: $112.6).

LNG bunkering study released
09 Oct 2012 09:38 GMT
Study uses three price scenarios to examine ports, deep-sea trading patterns and newbuilding prospects.

Singapore Market Commentary (with evening update)
09 Oct 2012 06:34 GMT

Star Bulk receives carbon emissions management certificate
08 Oct 2012 15:34 GMT
Shipping firm is awarded the first Certificate of Measurement from the Carbon Positive Programme for Ships.

Praxis Market Update
08 Oct 2012 14:15 GMT

Tender awarded to build Yamal oil terminal
08 Oct 2012 13:43 GMT

Trim optimization tool yields fuel savings
08 Oct 2012 12:46 GMT
Software product is said to achieve bunker savings of 2-3 percent for a medium-sized container ship.

Rotterdam Market Report
08 Oct 2012 12:26 GMT

Global Vision Market Report
08 Oct 2012 11:52 GMT

Market Briefing
08 Oct 2012 10:14 GMT
Increasing unrest in the Middle East (Brent: $110.8).

Bunker firm launched in Cambodia
08 Oct 2012 08:13 GMT
Company to supply marine fuel to vessels off the coast of Cambodia.

Singapore Market Commentary (with evening update)
08 Oct 06:33 GMT

Praxis Market Update
05 Oct 2012 13:38 GMT

Global Vision Market Report
05 Oct 2012 12:30 GMT

Dan-Bunkering appoints trader in Singapore
05 Oct 2012 12:21 GMT
Bunker firm expands Singapore trading team with the addition of Carlo Fuentes.

Rotterdam Market Report
05 Oct 2012 11:42 GMT

Catamaran fitted with fuel-efficient engines
05 Oct 2012 10:31 GMT
Fuel savings achieved during the first two months of operation.

Vopak launches Eemshaven terminal
05 Oct 2012 10:02 GMT
New terminal has a storage capacity of 660,000 cubic metres.

Market Briefing
05 Oct 2012 09:41 GMT
Increased tensions in the Middle East (Brent: $112.20).

Manufacturer welcomes EU move to monitor emissions
05 Oct 2012 09:13 GMT
Manufacturer of emissions monitoring technology says decision will ensure a 'step-change' in the maritime sector.

Singapore Market Commentary (with evening update)
05 Oct 2012 06:47 GMT

WTI vs BIX price comparison
04 Oct 2012 17:22 GMT
Analysis of WTI crude vs the BIX global bunker price.

Brent vs BIX price comparison
04 Oct 2012 16:05 GMT
Analysis of Brent crude vs the BIX global bunker price.

Global Vision Market Report
04 Oct 2012 13:21 GMT

Middle distillate stocks down in Singapore
04 Oct 2012 13:08 GMT
Inventories of middle distillates fall by 230,000 barrels in Singapore.

Fuel oil stocks fall below 18m barrels
04 Oct 2012 12:01 GMT
Inventory levels decrease for the second consecutive week in Singapore.

Rotterdam Market Report
04 Oct 2012 11:28 GMT

'Disappointment' at IMO fuel study vote
04 Oct 2012 09:43 GMT
Concern voiced over decision to reject a call to accelerate a study into the global availability of low sulphur fuel.

Market Briefing
04 Oct 2012 09:14 GMT
Will Draghi press the money button? - probably not.

Singapore Market Commentary (with evening update)
04 Oct 2012 06:53 GMT

NGOs call for GHG-reducing measures
03 Oct 2012 16:33 GMT
Green groups call for an early decision on EU market-based measures and a solution to ensure that ships do not increase speed.

Praxis Market Update
03 Oct 2012 14:02 GMT

Global Vision Market Report
03 Oct 2012 12:18 GMT

Commitment to charter efficient vessels
03 Oct 2012 12:03 GMT
Companies pledge that they will only charter the more energy-efficient vessels operating in the shipping market.

Rotterdam Market Report
03 Oct 2012 11:31 GMT

IBIA appoints new chief executive
03 Oct 2012 11:01 GMT
Captain Cliff Brand to run the organization from its Southampton headquarters.

Market Briefing
03 Oct 2012 09:18 GMT
More North Sea production troubles at Fortis (Brent: $111.0).

Report calls for Arctic fuel oil ban
03 Oct 2012 08:02 GMT
New report suggests that shipping should be banned from using heavy fuel oil in Arctic waters.

IMO urged to develop standard methodology
03 Oct 2012 06:44 GMT
Organizations call on the MEPC to develop a standard methodology to determine the fuel-saving impact of clean technologies.

Shore power meetings in California
03 Oct 2012 05:45 GMT
Meetings to be held to discuss the implementation of air quality regulations regarding ocean-going vessels at berth.

Singapore Market Commentary (with evening update)
03 Oct 2012 05:18 GMT

GB Oils supplies MoD vessels
02 Oct 2012 17:33 GMT
UK company forms partnership with Scandinavian Bunkering to supply MoD vessels.

Bominflot appoints Adam Toale
02 Oct 2012 16:44 GMT
Toale joins Bominflot London as Development Analyst Trader.

Praxis Market Update
02 Oct 2012 14:16 GMT

Topoil appoints bunker trader
02 Oct 2012 13:21 GMT
Trader Hanna Andersson begins her new role within the company.

Global Vision Market Report
02 Oct 2012 13:13 GMT

Bunker Index (BIX) statistical summary
02 Oct 2012 13:02 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

September the fourth least volatile month since October 2010
02 Oct 2012 11:59 GMT
BIX data shows that price volatility fell to its fourth lowest in the last 23 months.

Rotterdam Market Report
02 Oct 2012 11:04 GMT

Market Briefing
02 Oct 2012 10:12 GMT
Growth signals in the U.S. - oil output in Russia and Iraq picking up (Brent: $112.20).

New bunker firm in Latin America
02 Oct 2012 07:12 GMT
Bunker company opens for business this week.

Singapore Market Commentary (with evening update)
02 Oct 2012 06:35 GMT

BIX bunker average up 2.4% in September
01 Oct 2012 14:14 GMT
Global average rises for the third consecutive month to its highest level since April.

Praxis Market Update
01 Oct 2012 13:56 GMT

Global Vision Market Report
01 Oct 2012 12:37 GMT

Rotterdam Market Report
01 Oct 2012 11:09 GMT

MEPC to discuss deferring 0.5% rule to 2025
01 Oct 2012 10:17 GMT
IMO committee meets to consider deferring the requirement for all ships to use fuel oil with a maximum sulphur content of 0.5% to 2025.

Market Briefing
01 Oct 2012 09:26 GMT
Second lowest monthly OPEC output in 2012 (Brent: $111.8).

Report revises oil price outlook upwards
01 Oct 2012 07:52 GMT
Oil price forecast is revised higher due to bullish fundamentals and financials.

OW Bunker to supply LSFO in Balboa
01 Oct 2012 06:48 GMT
Supplier says the move will serve to meet the growing demand from clients transiting the North American ECA zones.

Singapore Market Commentary
01 Oct 2012 06:28 GMT

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