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Home » News » News Archive - October 2013


News Archive - October 2013

International Bunkering acquires Glander International
30 Oct 2013 22:52 GMT
Newly named business, Glander International Bunkering, will be headed by Christoffer Berg Lassen.

World Fuel Services posts steady net income in Q3
30 Oct 2013 20:52 GMT
Third quarter net income is unchanged at $51.5 million, but marine segment posts a decline in gross profit.

Fuel costs rise for Norwegian Cruise Line
30 Oct 2013 15:34 GMT
Bunker expenses increase by over 10 percent during the third quarter compared to last year.

NCL's first vessel with scrubber technology
30 Oct 2013 15:22 GMT
Cruise ship is said to be 'in the final phases of installation'.

Praxis Market Update
30 Oct 2013 14:53 GMT

Global Vision Market Report
30 Oct 2013 12:21 GMT

Rotterdam Market Report
30 Oct 2013 12:08 GMT

Market Briefing
30 Oct 2013 10:24 GMT
Oil prices unchanged – awaiting FED statement (Brent: $108.9).

OW Risk Management Report
30 Oct 2013 GMT

Net income up 30% for barge operator
30 Oct 2013 08:53 GMT
Transportation firm records a $16 million rise in Q3 net earnings.

Singapore Market Commentary (with evening update)
30 Oct 2013 05:48 GMT

Praxis Market Update
29 Oct 2013 15:08 GMT

Global Vision Market Report
29 Oct 2013 14:58 GMT

Rotterdam Market Report
29 Oct 2013 11:29 GMT

OW Risk Management Report
29 Oct 2013 11:13 GMT

Intermediaries warned about forged documents
29 Oct 2013 10:22 GMT
Forged documents could result in intermediaries being held liable for substantial claims, says insurance specialist.

Market Briefing
29 Oct 2013 09:31 GMT
Oil prices increase on supply fears (Brent: $109.1).

Brightoil secures loan agreement
29 Oct 2013 09:11 GMT
Capital to be used to support Brightoil's marine transportation business 'in particular'.

Algeciras and CLH in eco-agreement
29 Oct 2013 08:45 GMT
Agreement complements CLH's existing environmental management procedures at its marine fuel storage terminal in Algeciras.

Singapore Market Commentary (with evening update)
29 Oct 2013 06:24 GMT

Rotterdam wins 'Port of the Year' award
28 Oct 2013 18:23 GMT
Dutch logistics hub is named the best container port in awards ceremony.

Praxis Market Update
28 Oct 2013 15:11 GMT

Global Vision Market Report
28 Oct 2013 14:56 GMT

Global Risk Management appoints Assistant Risk Manager
28 Oct 2013 13:37 GMT
Maiken Sode Graversen joins Global Risk Management's office in Middelfart, Denmark.

Rotterdam Market Report
28 Oct 2013 10:37 GMT

OW Risk Management Report
28 Oct 2013 10:04 GMT

Market Briefing
28 Oct 2013 08:56 GMT
Large oil field discovery in Algeria (Brent: $107.4).

Much to discuss at Pan European Terminals meeting
28 Oct 2013 06:47 GMT
Terminal operator is considering a possible offer from Belphar Ltd. for its entire issued share capital.

Singapore Market Commentary
28 Oct 2013 05:07 GMT

Praxis Market Update
25 Oct 2013 16:03 GMT

Total restructures bunker business
25 Oct 2013 15:32 GMT
Total's marine fuels headquarters will be in Singapore.

Rotterdam Market Report
25 Oct 2013 12:02 GMT

New portable emissions monitoring tool
25 Oct 2013 11:40:41 GMT
Product is said to be suitable for use in boiler, engine, furnace, and other combustion applications.

Dual-fuel propulsion for Nigerian LNG carriers
25 Oct 2013 09:13 GMT
Vessels to be equipped with dual-fuel engines and electrical variable speed propulsion to lower fuel consumption.

OW Risk Management Report
25 Oct 2013 08:55 GMT

Singapore Market Commentary (with evening update)
25 Oct 2013 08:11 GMT

Market Briefing
25 Oct 2013 08:05 GMT
Technical trading continues (Brent: $107.0).

Global Vision Market Report
24 Oct 2013 13:34 GMT

OW Bunker expands North American operation with appointments
24 Oct 2013 11:14 GMT
Senior Account Manager and Junior Trader hired by OW Bunker in the United States.

Rotterdam Market Report
24 Oct 2013 10:38 GMT

Wärtsilä profitability up 11.4% in Q3
24 Oct 2013 09:11 GMT
Profitability estimate remains unchanged at around 11% for 2013.

Market Briefing
24 Oct 2013 08:18 GMT
Technical trading (Brent: $108.0).

World Fuel Services: A thesis for growth
24 Oct 2013 07:51 GMT
Stock market veteran highlights potential growth opportunity.

China's fuel oil output falls in September
24 Oct 2013 07:02 GMT
Accumulated fuel oil production for the first nine months of 2013 is higher than last year, data shows.

Singapore Market Commentary (with evening update)
24 Oct 2013 06:18 GMT

GE showcases fuel-saving products in Busan
23 Oct 2013 17:28 GMT
GE's latest solutions are designed to deliver fuel efficiency, reliability, lower maintenance and life cycle costs.

Global Vision Market Report
23 Oct 2013 14:21 GMT

Dan-Bunkering ventures into the broking market
23 Oct 2013 14:03 GMT
Bunker firm is setting up an in-house broking department in Denmark.

Rotterdam Market Report
23 Oct 2013 10:30 GMT

Hess confirms terminal sale in call to prime minister
23 Oct 2013 08:47 GMT
Hess president calls Saint Lucia prime minister to inform him about the sale of its storage terminal.

Singapore Market Commentary
23 Oct 2013 08:14 GMT

Market Briefing
23 Oct 2013 08:02 GMT
Iran testing the waters (Brent: $109.8).

Sekimizu calls for low sulphur fuel study to be brought forward
22 Oct 2013 18:41 GMT
IMO chief says a study of the availability of low sulphur fuel in 2020 should be 'accelerated'.

Global Vision Market Report
22 Oct 2013 12:23 GMT

Rotterdam Market Report
22 Oct 2013 11:56 GMT

Bunker firm confirms ship charter renewal
22 Oct 2013 09:03 GMT
Chartered vessel to be used to carry out fuel deliveries to customers.

Market Briefing
22 Oct 2013 08:41 GMT
Directionless market (Brent: $109.7).

First ship-to-ship transfer for UK firm
22 Oct 2013 07:51 GMT
UK company helps client avoid lengthy delays with delivery of marine gas oil.

China Gas plans to start LNG bunkering in 2014
22 Oct 2013 07:21 GMT
Gas firm intends to upgrade LNG facilities at a number of Chinese ports as part of its LNG bunkering strategy.

Singapore Market Commentary
22 Oct 2013 06:12 GMT

Praxis Market Update
21 Oct 2013 15:44 GMT

Liquid terminal bidding process hots up
21 Oct 2013 15:13 GMT
Up to five companies could be submitting applications to build a new liquid storage terminal in India.

McGregor steps down as SLNG CEO
21 Oct 2013 13:31 GMT
McGregor to be replaced by 30-year energy veteran, John Ng, in December.

Zhoushan oil terminal project gets green light
21 Oct 2013 12:55 GMT
Phase 1 of the project is expected to start commercial operations towards the end of 2014.

Global Vision Market Report
21 Oct 2013 12:16 GMT

Rotterdam Market Report
21 Oct 2013 12:03 GMT

Market Briefing
21 Oct 2013 07:34 GMT
Stuck between a rock and 108 (Brent: $109.8).

Singapore Market Commentary (with evening update)
21 Oct 2013 05:25 GMT

Global Vision Market Report
18 Oct 2013 14:23 GMT

Andatee regains NASDAQ compliance
18 Oct 2013 13:01 GMT
Supplier regains compliance requiring a minimum bid price of $1.00 for continued listing on the NASDAQ stock market.

Aegean announces pricing of $75m convertible senior notes
18 Oct 2013 12:34 GMT
The public offering is expected to close on October 23, 2013.

Rotterdam Market Report
18 Oct 2013 11:14 GMT

Turbocharger achieves 30% reduction in energy consumption
18 Oct 2013 08:13 GMT
New fuel-saving turbocharger launched in Japan.

Market Briefing
18 Oct 2013 06:54 GMT

Singapore Market Commentary
18 Oct 2013 06:21 GMT

Aegean announces proposed offering of $75m convertible senior notes
17 Oct 2013 15:21 GMT
Bunker supplier says it expects to use the net proceeds for general corporate purposes and working capital.

Global Vision Market Report
17 Oct 2013 14:31 GMT

Rotterdam Market Report
17 Oct 2013 11:14 GMT

Mustang Technologies takes on FuelTrax fuel management system
17 Oct 2013 09:06 GMT
Mustang Technologies has been signed as an official representative in the Asean Free Trade Area (AFTA).

'Most sophisticated emissions monitoring system ever built'
17 Oct 2013 08:46 GMT
Supplier delivers system for the world's largest Floating Storage and Regasification Unit (FSRU).

Market Briefing
17 Oct 2013 08:14 GMT
The world is still here (Brent: $110.4).

World Fuel Services to hold conference call and webcast
17 Oct 2013 08:08 GMT
Management team to discuss the company's third quarter results in conference call and webcast.

Singapore Market Commentary (with evening update)
17 Oct 2013 05:32 GMT

Dynamic Oil Trading appoints bunker trader
16 Oct 2013 14:12 GMT
Experienced trader joins Dynamic Oil Trading's office in Singapore.

Savannah expansion expected to be completed in December
16 Oct 2013 13:43 GMT
Expansion project will increase transit volume between the storage terminal and the marine docks.

Scrubber systems for Color Line ferries
16 Oct 2013 10:32 GMT
Scrubber systems to be retrofitted on three ferries curently operating in North Europe.

Rotterdam Market Report
16 Oct 2013 10:27 GMT

Market Briefing
16 Oct 2013 09:01 GMT
Refinery strike and kindergarden politics (Brent: $109.3).

Singapore Market Commentary (with evening update)
16 Oct 2013 05:12 GMT

First Asian ships to feature fuel-saving wave piercing bow
15 Oct 2013 13:34 GMT
Rolls-Royce wins order to provide an integrated design and equipment package for two offshore supply vessels.

Global Vision Market Report
15 Oct 2013 13:04 GMT

Rotterdam Market Report
15 Oct 2013 12:02 GMT

Dual-fuel engines to be installed on two LNG carriers
15 Oct 2013 09:01 GMT
Vessels will mainly operate on LNG with the option to switch to conventional marine fuels if required.

DNV GL recommends ways to make LNG bunkering safe and efficient
15 Oct 2013 08:41 GMT
DNV GL launches recommended practice guidance.

Market Briefing
15 Oct 2013 08:01 GMT
No (important) oil market news (Brent: $110.8).

Flowmeters installed in Norway
14 Oct 2013 13:30 GMT
Fuel measurement specialist installs flowmeters to help reduce costs and improve the accuracy of energy-use measurement.

Bomin appoints Trader Manager
14 Oct 2013 12:52 GMT
Adam Toale is named Trader Manager Europe at Bomin International Trading.

Hess in agreement to sell terminal network
14 Oct 2013 12:31 GMT
Buckeye Partners to acquire U.S. East Coast and St. Lucia terminal network for $850 million.

Rotterdam Market Report
14 Oct 2013 12:13 GMT

Market Briefing
14 Oct 2013 08:22 GMT
No U.S. budget deal - deadline approaching (Brent: $111.5).

Singapore Market Commentary (with evening update)
14 Oct 2013 04:38 GMT

Danish ferry to run on biogas and LNG
11 Oct 2013 15:18 GMT
Vessel is expected to begin operating in 2014.

Praxis Market Update
11 Oct 2013 14:40 GMT

Global Vision Market Report
11 Oct 2013 14:31 GMT

Rotterdam Market Report
11 Oct 2013 11:00 GMT

Dan-Bunkering appoints trader in Dubai
11 Oct 2013 09:01 GMT
Mohamed-Elghali Bara joins Dan-Bunkering's trading team in the UAE.

Market Briefing
11 Oct 2013 07:41 GMT
The world keeps spinning - quelle surprise (Brent: $111.5).

World Fuel Services increases credit facility to $1.1 billion
11 Oct 2013 07:32 GMT
Revolving credit facility could also be expanded to $1.25 billion 'under certain conditions'.

Singapore Market Commentary (with evening update)
11 Oct 2013 06:02 GMT

Global Vision Market Report
10 Oct 2013 14:24 GMT

GE Marine engine cuts emissions by 50%
10 Oct 2013 12:32 GMT
Marine diesel engine is said to meet EPA Tier 4i and IMO Tier III emission compliance without exhaust after-treatment.

Fuel oil stocks decline in Singapore
10 Oct 2013 12:01 GMT
Inventories of fuel oil fall for the third time in four weeks, data shows.

Rotterdam Market Report
10 Oct 2013 10:47 GMT

Market Briefing
10 Oct 2013 07:55 GMT
Oil price in range trading (Brent: $109.7).

Fuel oil output expected to rise in South China
10 Oct 2013 06:51 GMT
The estimated increase in output is mainly attributed to refineries coming onstream after turnarounds.

Singapore Market Commentary (with evening update)
10 Oct 2013 05:44 GMT

Wärtsilä releases another ECA compliant dual-fuel engine to the US market
09 Oct 2013 15:32 GMT
The 20DF dual-fuel engine is now for sale in the US.

Commercial startup of BOSTCO terminal announced
09 Oct 2013 13:42 GMT
Approximately 20 of the 51 storage tanks are being placed into service this month.

Global Vision Market Report
09 Oct 2013 13:30 GMT

Rotterdam Market Report
09 Oct 2013 11:23 GMT

New maritime bank aims to bridge funding gap in maritime finance market
09 Oct 2013 09:01 GMT
Financial institution will aim to meet the funding needs of owners in the shipping and offshore industries.

New long life seal ring for use with Environmentally Acceptable Lubricants
09 Oct 2013 08:27 GMT
Wärtsilä's Bio Seal Ring is said to be the first seal that works with Environmentally Acceptable Lubricants.

Market Briefing
09 Oct 2013 08:08 GMT
No signs of compromise in U.S. debt deal (Brent: $110).

Singapore Market Commentary (with evening update)
09 Oct 2013 04:54 GMT

Praxis Market Update
08 Oct 2013 14:24 GMT

Report forecasts fuel additive market growth
08 Oct 2013 12:32 GMT
Higher demand for cleaner transportation fuels is said to be a key driver for growth.

Global Vision Market Report
08 Oct 2013 12:03 GMT

Rotterdam Market Report
08 Oct 2013 10:34 GMT

Market Briefing
08 Oct 2013 09:22 GMT
U.S. debt ceiling deal still unresolved (Brent: $109.6).

Wilhelmsen appoints General Manager in Singapore
08 Oct 2013 08:08 GMT
Nick Ganas replaces Oyvind Stordal.

First Aabenraa STS operation for Monjasa vessel
08 Oct 2013 06:55 GMT
New vessel carried out its first bunkering operation at Aabenraa on October 7.

Singapore Market Commentary (with evening update)
08 Oct 2013 06:03 GMT

Dan-Bunkering and Chemoil going to court
07 Oct 2013 17:13 GMT
Bunker firms in trial over fuel deliveries made in Panama in 2008.

Suppliers in talks over fuel purification facility
07 Oct 2013 15:32 GMT
Discussions taking place over facility using low sulphur marine fuel with fuel purification system.

Gas-powered tug ceremony in Turkey
07 Oct 2013 13:31 GMT
LNG-fuelled vessel is due to enter into service next month.

Global Vision Market Report
07 Oct 2013 13:02 GMT

Rotterdam Market Report
07 Oct 2013 10:27 GMT

Market Briefing
07 Oct 2013 10:18 GMT
Removing Syrian chemical weapons is moving faster than Congress on U.S. budget (Brent: $109.0).

Singapore Market Commentary (with evening update)
07 Oct 2013 06:34 GMT

Agreement to power India's first diesel-electric ship with medium-voltage equipment
04 Oct 2013 13:47 GMT
Delivery of the vessel is expected in 2015.

Global Vision Market Report
04 Oct 2013 13:03 GMT

Rotterdam Market Report
04 Oct 2013 12:41 GMT

Market Briefing
04 Oct 2013 08:24 GMT
Miscellaneous oil news (Brent: $108.9).

Cruise ship to save fuel with propulsion system upgrade
04 Oct 2013 08:16 GMT
Fuel savings are said to range from 5 to 15 percent, depending on the type of operation and the performance of the existing propeller.

Project to develop Uruguay’s first LNG import terminal
04 Oct 2013 08:00 GMT
Commercial operation of the new facility is expected in 2015.

Singapore Market Commentary (with evening update)
04 Oct 2013 05:27 GMT

Global Vision Market Report
03 Oct 2013 13:02 GMT

Rotterdam Market Report
03 Oct 2013 12:37 GMT

Two fuel-efficient newbuild VLCCs for AET
03 Oct 2013 09:02 GMT
Enhancements will significantly improve fuel consumption and deliver an EEDI of 16.9%, says shipping firm.

Market Briefing
03 Oct 2013 07:38 GMT
Split pot in world's biggest poker game? (Brent: $108.8)

IK Investment Partners to acquire DNV Petroleum Services
03 Oct 2013 07:15 GMT
Sale is said to be a 'strategic decision', based on a review of DNV's portfolio of activities following the DNV GL merger.

Fujairah restrictions to STS operations at offshore anchorage
03 Oct 2013 06:51 GMT
Tankers operated by non-bunkering companies are not permitted to carry out multiple ship-to-ship (STS) transfer operations.

Singapore Market Commentary (with evening update)
03 Oct 2013 06:40 GMT

Praxis Market Update
02 Oct 2013 14:23 GMT

Global Vision Market Report
02 Oct 2013 13:38 GMT

Rotterdam Market Report
02 Oct 2013 10:34 GMT

Q4 report forecasts slight rise in oil prices
02 Oct 2013 08:23 GMT
Oil price report forecasts bullish fundamentals and a neutral geopolitical and financials rating.

Market Briefing
02 Oct 2013 07:49 GMT

WTI vs BIX price comparison
02 Oct 2013 07:45 GMT
Analysis of WTI crude vs the BIX global bunker price.

Bunker Index (BIX) statistical summary
02 Oct 2013 07:04 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

Singapore Market Commentary (with evening update)
02 Oct 2013 05:22 GMT

Singapore MGO vs ICE Gas Oil
01 Oct 2013 14:54 GMT
Analysis of Singapore marine gas oil and ICE Gas Oil prices.

Brent vs BIX price comparison
01 Oct 2013 14:13 GMT
Analysis of Brent crude vs the BIX global bunker price.

BIX bunker price volatility analysis - September 2013
01 Oct 2013 11:21 GMT
BIX data shows that price volatility fell to its third lowest level of the year in September.

Rotterdam Market Report
01 Oct 2013 11:06 GMT

Market Briefing
01 Oct 2013 07:38 GMT
The U.S. just increased unemployment by 800k (Brent: $107.8).

BIX global average up almost $3 in September
01 Oct 2013 06:53 GMT
Monthly global bunker average rises to its highest level since March.

Singapore Market Commentary (with evening update)
01 Oct 2013 05:42 GMT



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