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Home » News » News Archive - February 2014


News Archive - February 2014

Construction starts on world's first LNG-fuelled containership
27 Feb 2014 20:41 GMT
Marlin class vessels are scheduled to enter service in late 2015 and early 2016.

Praxis Market Update
27 Feb 2014 14:56 GMT

Low sulphur fuels program changes to 'per metric tonne' incentive
27 Feb 2014 14:43 GMT
Incentive payout will depend on the amount of fuel burned and could be as much as $7,400 per vessel.

Petrobras moves to One Raffles Place skyscraper
27 Feb 2014 13:02 GMT
Bunker department is relocating to one of Singapore's three 280-metre-high buildings.

Global Vision Market Report
27 Feb 2014 12:37 GMT

OW Risk Management Report
27 Feb 2014 12:02 GMT

Rotterdam Market Report
27 Feb 2014 11:37 GMT

Market Briefing
27 Feb 2014 09:12 GMT
Speculators' net positions at all-time high (Brent: $109.3)

Aegean net income up 34.8% in 2013
27 Feb 2014 08:46 GMT
Year-on-year Q4 net income increases by $3.3 million despite 15.2% decline in revenues and 15.7 % fall in sales volumes.

Singapore Market Commentary (with evening update)
27 Feb 2014 07:04 GMT

Chemoil a step closer to SGX delisting
26 Feb 2014 15:55 GMT
Singfuel offers shareholders a 29% premium of US$0.40 per share in a bid to acquire the remaining shares of Chemoil.

San Diego celebrates shore power installation
26 Feb 2014 14:33 GMT
San Diego has switched on its new shore power system at the Tenth Avenue Marine Terminal.

Event to explore sustainable and e-navigation solutions
26 Feb 2014 14:18 GMT
Organizations convene next week to discuss solutions to keep North Sea shipping safe.

Global Vision Market Report
26 Feb 2014 12:04 GMT

Rotterdam Market Report
26 Feb 2014 11:44 GMT

OW Risk Management Report
26 Feb 2014 10:34 GMT

Market Briefing
26 Feb 2014 10:18 GMT
Yesterday's protests in Venezuela – a non-event so far (Brent: $109.4).

Singapore Market Commentary
26 Feb 2014 06:52 GMT

Enjet exits the bunker business
26 Feb 2014 00:01 GMT
Houston firm decides to stop supplying marine fuels because it is 'just not profitable'.

Kaliningrad terminal to receive MGO by sea for the first time
25 Feb 2014 16:11 GMT
New pipeline will allow access to the waterside jetties and neighbouring shipyard.

Fuel oil storage firm in talks over new projects
25 Feb 2014 15:03 GMT
Dutch storage specialist is said to have been operating at maximum capacity since September.

Praxis Market Update
25 Feb 2014 14:34 GMT

OW Risk Management Report
25 Feb 2014 14:24 GMT

Global Vision Market Report
25 Feb 2014 13:12 GMT

Rotterdam Market Report
25 Feb 2014 12:51 GMT

Rosbunker acquisition offer under consideration
25 Feb 2014 09:31 GMT
Shareholders to be informed 'as and when a binding contract has been agreed'.

Market Briefing
25 Feb 2014 08:47 GMT
Geopolitical re-runs all over the place (Brent: $110.3.

Contract to design LNG barges for US Gulf bunker market
25 Feb 2014 08:34 GMT
Vessels are expected to be ready for service by the end of 2015.

Singapore Market Commentary (with evening update)
25 Feb 2014 08:31 GMT

Praxis Market Update
24 Feb 2014 16:24 GMT

At-Berth Regulation forms now available
24 Feb 2014 15:36 GMT
Fleets are required to submit documentation by March 21 in order to qualify for temporary relief.

Shore-to-ship power system for Color Line ferry
24 Feb 2014 13:34 GMT
System is designed to allow operators to reduce fuel consumption and costs.

Global Vision Market Report
24 Feb 2014 13:11 GMT

OW Risk Management Report
24 Feb 2014 12:38 GMT

Rotterdam Market Report
24 Feb 2014 12:15 GMT

Bunker blending course to be held in Dubai
24 Feb 2014 09:42 GMT
Two-day course is due to take place next month.

Market Briefing
24 Feb 2014 08:35 GMT
Missing oil revenue causing problems in Libya (Brent: $109.9).

Singapore Market Commentary (with evening update)
24 Feb 2014 06:22 GMT

Nayada expands bunker fleet
21 Feb 2014 18:04 GMT
Russian firm Nayada announces the addition of the tanker Zaliv Vostok.

Praxis Market Update
21 Feb 2014 14:09 GMT

OW Risk Management Report
21 Feb 2014 12:45 GMT

Global Vision Market Report
21 Feb 2014 12:41 GMT

Rotterdam Market Report
21 Feb 2014 12:14 GMT

Fuel oil stocks rise in Singapore
21 Feb 2014 08:42 GMT
Inventories of residual fuels increase to their highest level in four weeks in Singapore.

Shell and Vitol confirm Australia downstream sale
21 Feb 2014 08:18 GMT
Sale includes Shell's Geelong Refinery along with its bulk fuels, bitumen, chemicals and part of its lubricants businesses in Australia. It also includes a brand license arrangement and an exclusive distributor arrangement for Shell Lubricants.

Singapore Market Commentary (with evening update)
21 Feb 2014 07:12 GMT

Singapore bunker sales fall in January
21 Feb 2014 00:58 GMT
Sales volumes decline from 19-month high at the world's leading bunker port.

Praxis Market Update
20 Feb 2014 15:13 GMT

LNG facility construction under way at Port Fourchon
20 Feb 2014 14:41 GMT
LNG marine fuel facility will consist of two sites, each with 270,000 gallons of storage capacity.

Global Vision Market Report
20 Feb 2014 14:12 GMT

World's first LNG ship-to-ship transfer
20 Feb 2014 12:34 GMT
First ship-to-ship (STS) transfer of LNG between two Q-Flex type ships takes place in Singapore waters.

OW Risk Management Report
20 Feb 2014 10:48 GMT

Rotterdam Market Report
20 Feb 2014 10:38 GMT

Plan to develop oil terminal in Louisiana
20 Feb 2014 09:13 GMT
Baton Rouge oil product facility is scheduled to be completed by the end of the second quarter of 2015.

Market Briefing
20 Feb 2014 08:08 GMT
Iran and P5+1 agree…to meet again (Brent: $109.9).

Singapore Market Commentary
20 Feb 2014 06:55 GMT

Shell sells Australian downstream assets
19 Feb 2014 16:33 GMT
Deal includes the sale of Shell's Geelong refinery and petrol stations.

Praxis Market Update
19 Feb 2014 14:37 GMT

Project to use hydrogen fuel cells to power ships at berth
19 Feb 2014 13:24 GMT
Fuel cell system to be used at the Port of Honolulu.

Global Vision Market Report
19 Feb 2014 13:11 GMT

Rotterdam Market Report
19 Feb 2014 12:44 GMT

OW Risk Management Report
19 Feb 2014 10:31 GMT

Market Briefing
19 Feb 2014 08:13 GMT
Geopolitical update (Brent: $110.3).

Totem Ocean in LNG ship conversion agreement
19 Feb 2014 08:02 GMT
Vessels will be able to run on either natural gas, light fuel oil or heavy fuel oil.

Singapore Market Commentary (with evening update)
19 Feb 2014 06:57 GMT

IBIA calls for greater take-up of ISO 2010 specs for bunkers
18 Feb 2014 17:33 GMT
It is estimated that only a quarter of bunker suppliers are currently supplying in accordance with 2010 specifications.

Praxis Market Update
18 Feb 2014 15:08 GMT

OW Risk Management Report
18 Feb 2014 14:52 GMT

Global Vision Market Report
18 Feb 2014 14:24 GMT

Bomin hires bunker trader in Shanghai
18 Feb 2014 13:56 GMT
Ian Zhang joins Bomin Bunker Oil Ltd's trading team in eastern China.

Rotterdam Market Report
18 Feb 2014 12:37 GMT

North China fuel oil import forecast
18 Feb 2014 10:56 GMT
Fuel oil imports into the Bohai Bay are expected to fall in February, according to market data.

Shipping firm orders LNG-powered vessel
18 Feb 2014 09:08 GMT
Cargo vessel is scheduled to be delivered in 2015.

Market Briefing
18 Feb 2014 08:02 GMT
Oil swapped for nuclear reactor? (Brent: $109.1).

Singapore Market Commentary (with evening update)
18 Feb 2014 06:55 GMT

Integrated solutions for four new LNG-powered PSVs
17 Feb 2014 18:38 GMT
New vessels to include dual-fuel propulsion that will enable them to operate primarily on liquefied natural gas (LNG).

Praxis Market Update
17 Feb 2014 15:10 GMT

Marine loading dock completed in Corpus Christi
17 Feb 2014 13:54 GMT
First ship loads crude oil at new marine loading dock.

New scrubber project participant announced
17 Feb 2014 13:41 GMT
Asian joint research project aims to reduce CO2 emissions through the use of new maritime technology.

Global Vision Market Report
17 Feb 2014 13:31 GMT

Rotterdam Market Report
17 Feb 2014 12:31 GMT

OW Risk Management Report
17 Feb 2014 10:55 GMT

Market Briefing
17 Feb 2014 08:26 GMT
U.S. Holiday today (Brent: $109.0).

East China fuel oil import forecast
17 Feb 2014 08:02 GMT
Fuel oil imports into China are expected to decline in February, according to market data.

Singapore Market Commentary (with evening update)
17 Feb 2014 06:12 GMT

Van Oord aims to cut fuel use with service agreement
14 Feb 2014 14:52 GMT
Dutch firm is set to benefit from upgrades that offer reduced consumption of fuel and lubricants.

Ship operators urged to navigate safely in Singapore
14 Feb 2014 13:31 GMT
Reminder comes in the wake of three recent collisions that have resulted in oil spills in Singapore waters.

Global Vision Market Report
14 Feb 2014 13:25 GMT

Rotterdam Market Report
14 Feb 2014 12:04 GMT

OW Risk Management Report
14 Feb 2014 11:08 GMT

Market Briefing
14 Feb 2014 09:13 GMT
Disappointing U.S. economic numbers; euro zone improvement (Brent: $108.2).

Turkish supplier 'raises standards' with fleet renewal programme
14 Feb 2014 08:31 GMT
Bunker firm says it has the youngest barge fleet in the area as a result of its vessel renewal programme.

Singapore Market Commentary (with evening update)
14 Feb 2014 06:51 GMT

Praxis Market Update
13 Feb 2014 15:19 GMT

Global Vision Market Report
13 Feb 2014 14:34 GMT

Net income up 7.3% for World Fuel Services in 2013
13 Feb 2014 14:24 GMT
Marine segment gross profit fell by 14.9% last year, whilst the land segment achieved a 45.5% rise in gross profit during the same period.

OW Risk Management Report
13 Feb 2014 14:14 GMT

Rotterdam Market Report
13 Feb 2014 12:04 GMT

Aegean to discuss Q4 results in February
13 Feb 2014 11:41 GMT
Supplier to hold conference call and webcast following the announcement of its Q4 results later this month.

Market Briefing
13 Feb 2014 10:41 GMT
Increased oil demand expectations and afternoon volatility (Brent: $108.6).

Bunker vessel to provide 'fully dedicated' service at Coveñas
13 Feb 2014 08:41 GMT
The BT Cartagena Sun will be providing a regular bunker supply service in the port and offshore.

Singapore Market Commentary (with evening update)
13 Feb 2014 07:13 GMT

New onboard oil test detects cold corrosion in under five minutes
12 Feb 2014 20:18 GMT
Cold Corrosion Test Kit is able to monitor specific levels of corroded iron in used cylinder oil.

Global Vision Market Report
12 Feb 2014 14:05 GMT

OW Risk Management Report
12 Feb 2014 14:04 GMT

Praxis Market Update
12 Feb 2014 13:11 GMT

Rotterdam Market Report
12 Feb 2014 12:44 GMT

Market Briefing
12 Feb 2014 08:44 GMT
Growth pick-up in China; Yellen confident of stable U.S. financial outlook (Brent: $108.6).

Barge operator to present at transportation events
12 Feb 2014 08:33 GMT
Conferences are due to be held in Florida this week.

OW installs Coriolis flow meter on Rotterdam barge
12 Feb 2014 08:07 GMT
OW Bunker is the first independent physical supplier to use Coriolis flow meters for customer deliveries in Rotterdam.

MPA to implement new measures to minimize incidents
12 Feb 2014 07:45 GMT
New measures include briefings, circulars, safety broadcasts and navigational alerts.

Singapore Market Commentary (with evening update)
12 Feb 2014 06:18 GMT

Buckeye alters operating structure following Hess terminal acquisition
11 Feb 2014 17:31 GMT
Company says changes have been made to "better align its businesses with its long-term growth strategies".

Praxis Market Update
11 Feb 2014 15:33 GMT

Wärtsilä publishes annual financial report
11 Feb 2014 15:31 GMT
CEO says Wärtsilä is well positioned to pursue growth, even in the current market environment.

Global Vision Market Report
11 Feb 2014 15:12 GMT

ICS 'fully supports' global CO2 monitoring
11 Feb 2014 11:57 GMT
ICS Board discusses CO2 monitoring and reporting ahead of IMO's MEPC meeting in April.

Rotterdam Market Report
11 Feb 2014 11:23 GMT

OW Risk Management Report
11 Feb 2014 10:18 GMT

Market Briefing
11 Feb 2014 09:05 GMT
All eyes on Yellen (Brent: $108.6).

Singapore Market Commentary (with evening update)
11 Feb 2014 06:32 GMT

Russian firms in oil spill response agreement
10 Feb 2014 17:42 GMT
Oil firms to provide mutual assistance in the event of any oil spill incidents.

Praxis Market Update
10 Feb 2014 16:52 GMT

New oil risk manager at Global Risk Management
10 Feb 2014 15:12 GMT
Catherine Marangelli will be tasked with expanding the company's business in Central and Southern Europe and the United Kingdom.

Global Vision Market Report
10 Feb 2014 14:05 GMT

OW Risk Management Report
10 Feb 2014 12:47 GMT

Report: Long-term effects of oil spills must be explored further
10 Feb 2014 12:18 GMT
Report looks at the impact of the oil and gas industry on EU fisheries.

Oleum: 'Great success' since December launch
10 Feb 2014 11:41 GMT
Supplier expands West Africa fleet to three tankers.

Rotterdam Market Report
10 Feb 2014 11:32 GMT

Market Briefing
10 Feb 2014 10:28 GMT
Market is finding its feet after job report (Brent: $109).

Singapore Market Commentary
10 Feb 2014 05:41 GMT

Praxis Market Update
07 Feb 2014 16:51 GMT

Bunker Index (BIX) statistical summary
07 Feb 2014 15:08 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

Dynamic Oil Trading announces Dubai appointments
07 Feb 2014 14:22 GMT
Middle East team is strengthened with the addition of two bunker traders and an accountant.

Global Vision Market Report
07 Feb 2014 12:18 GMT

OW Risk Management Report
07 Feb 2014 11:54 GMT

Rotterdam Market Report
07 Feb 2014 11:44 GMT

Market Briefing
07 Feb 2014 08:18 GMT
ECB on hold. Job reports in a few hours (Brent: $107.3).

Singapore Market Commentary (with evening update)
07 Feb 2014 06:59 GMT

Dan-Bunkering hires sales manager in Singapore
07 Feb 2014 00:04 GMT
Morten Mortensen is the latest addition to Dan-Bunkering's team in Singapore.

Bomin appoints bunker trader in Dubai
06 Feb 2014 14:21 GMT
Ex-World Fuel Services trader joins Bomin's trading team in the UAE.

Global Vision Market Report
06 Feb 2014 13:22 GMT

Baltic Exchange appoints new Asia-Pacific director
06 Feb 2014 12:57 GMT
Experienced shipbroker Chris Jones will be based at the Baltic Exchange's Singapore office.

Kasbar and Birns to present at transportation conference
06 Feb 2014 12:24 GMT
World Fuel Services confirms that its CEO and CFO are both scheduled to present at US event.

Aegean CEO to present at Florida events
06 Feb 2014 12:13 GMT
E. Nikolas Tavlarios is due to present at transportation conferences next week.

Rotterdam Market Report
06 Feb 2014 12:04 GMT

World Fuel Services to hold conference call and webcast
06 Feb 2014 11:53 GMT
Management team to discuss the company's fourth quarter and year-end results in conference call and webcast.

Market Briefing
06 Feb 2014 07:57 GMT
Waiting on ECB (Brent: $106.4).

Singapore Market Commentary (with evening update)
06 Feb 2014 06:57 GMT

Bureau Veritas in fuel-saving tie-up
05 Feb 2014 13:40 GMT
Agreement with hydrodynamic specialist means 'genuine energy savings', says technical director.

Global Vision Market Report
05 Feb 2014 13:21 GMT

Rotterdam Market Report
05 Feb 2014 10:34 GMT

OW Risk Management Report
05 Feb 2014 10:32 GMT

Market Briefing
05 Feb 2014 10:21 GMT
Yo-yo production continues in Libya (Brent: $106.0).

Blyth tank construction 'taking shape'
05 Feb 2014 08:24 GMT
MGO tanks will have the capacity to store up to 5 million litres once completed.

Fuel cell in final stage of development
05 Feb 2014 07:13 GMT
'Next generation' fuel cell stack platform nears prototype testing phase.

Retrofit cuts fuel budgets
05 Feb 2014 06:18 GMT
New retrofit is said to offer 'significant' fuel savings with short payback times.

Singapore Market Commentary (with evening update)
05 Feb 2014 05:02 GMT

Brent vs BIX price comparison
04 Feb 2014 16:53 GMT
Analysis of Brent crude vs the BIX global bunker price.

Praxis Market Update
04 Feb 2014 16:49 GMT

Singapore MGO vs ICE Gas Oil
04 Feb 2014 15:43 GMT
Analysis of Singapore marine gas oil (MGO) and ICE Gas Oil prices.

Global Vision Market Report
04 Feb 2014 14:12 GMT

NuStar divests remaining interest in asphalt JV
04 Feb 2014 13:55 GMT
CEO says the company can now focus on its 'more stable' storage and pipeline fee-based operations.

Historic 5-month period of low bunker price volatility
04 Feb 2014 10:53 GMT
BIX bunker price volatility analysis - January 2014.

OW Risk Management Report
04 Feb 2014 10:31 GMT

Rotterdam Market Report
04 Feb 2014 10:18 GMT

Market Briefing
04 Feb 2014 09:28 GMT
Heat on in Libya. Room temperature in U.S. manufacturing (Brent: $106.0).

Singapore Market Commentary (with evening update)
04 Feb 2014 06:53 GMT

Global Vision Bunkers hires trader in Singapore
03 Feb 2014 19:38 GMT
Experienced trader joins Global Vision's trading team in Singapore.

Praxis Market Update
03 Feb 2014 16:14 GMT

Allantone administrator offers six vessels for sale
03 Feb 2014 14:53 GMT
Six bunker supply vessels are being offered for sale by the administrator of UK firm Allantone Supplies Ltd.

Global Vision Market Report
03 Feb 2014 12:17 GMT

Rotterdam Market Report
03 Feb 2014 11:47 GMT

Market Briefing
03 Feb 2014 11:36 GMT

Rotterdam: Lowest 380 cst average in 19 months
03 Feb 2014 07:15 GMT
Europe's leading bunker port records its lowest monthly 380 cst average since June 2012 during the month of January.

Global bunker average falls 0.7% in January
03 Feb 2014 06:38 GMT
Monthly global bunker average is $5.72 lower than in December.



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