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Home » News » News Archive - March 2014


News Archive - March 2014

Shipping confidence hits highest level since 2008
28 Mar 2014 16:56 GMT
Confidence levels in the shipping industry rose to their highest level for almost six years in the three-month period to February 2014, according to survey.

Global Vision Market Report
28 Mar 2014 13:13 GMT

OW Risk Management Report
28 Mar 2014 10:58 GMT

Rotterdam Market Report
28 Mar 2014 10:38 GMT

Market Briefing
28 Mar 2014 08:39 GMT
No news. Have a nice weekend (Brent: $107.8).

Vopak acquires refined product terminals in Canada
28 Mar 2014 08:14 GMT
Acquisition of Montreal and Quebec City terminals increases Vopak's storage capacity in Canada to 712,000 cubic metres.

Fuel-saving propulsion package for fishing vessel
28 Mar 2014 07:42 GMT
Flexible propulsion package offers a number of fuel-saving power modes to accommodate different fishing patterns.

Dutch slow steaming technology wins award
28 Mar 2014 06:54 GMT
Ships are said to achieve a 50 percent reduction in fuel costs whilst travelling at a 25 percent lower speed.

Singapore Market Commentary (with evening update)
28 Mar 2014 05:23 GMT

Bunker firm records profit rise
27 Mar 2014 21:08 GMT
Increase in gross profit and revenue recorded during the second half of 2013.

OW Risk Management Report
27 Mar 2014 14:42 GMT

Global Vision Market Report
27 Mar 2014 14:28 GMT

Construction of Gdansk oil terminal under way
27 Mar 2014 13:06 GMT
Polish terminal to store petroleum products and chemicals. Project is expected to be completed in 2018.

Fuel oil freight rates decline in China
27 Mar 2014 12:22 GMT
Rates are expected to decrease further in April due to weak demand.

MEPC to meet for 66th session
27 Mar 2014 11:42 GMT
Session is due to take place next week at IMO's headquarters in London.

Rotterdam Market Report
27 Mar 2014 11:21 GMT

Market Briefing
27 Mar 2014 08:38 GMT
Mixed oil updates (Brent: $106.9).

Singapore Market Commentary (with evening update)
27 Mar 2014 06:52 GMT

Gazprom plans for LNG market growth
26 Mar 2014 19:43 GMT
Russian firm is looking to develop both its small- and large-scale LNG supply businesses.

Singapore supplier to install mass flow metering system
26 Mar 2014 15:24 GMT
Bunker barge is due to be fitted with a mass flow metering system for deliveries at the world's leading bunker port.

Revenues and traded volumes up for Vitol in 2013
26 Mar 2014 13:37 GMT
Oil trader and bunker player records a 1.3 percent increase in revenues and a 5.7 percent rise in traded volumes.

Global Vision Market Report
26 Mar 2014 12:55 GMT

Rotterdam Market Report
26 Mar 2014 12:32 GMT

OW Risk Management Report
26 Mar 2014 10:42 GMT

Market Briefing
26 Mar 2014 10:15 GMT
Oil inventory data due today (Brent: $107.1).

Glander International Bunkering hires trader
26 Mar 2014 07:48 GMT
Rosalind Liu Qi joins Singapore-based Glander International Bunkering Pte. Ltd.

Singapore Market Commentary (with evening update)
26 Mar 2014 06:56 GMT

Carnival bunker costs down $36 million in Q1
25 Mar 2014 14:31 GMT
Fuel costs fall by 6.4 percent for Carnival during the three months ended February 28.

Chinese ship owner orders dual-fuel engine
25 Mar 2014 13:51 GMT
LNG carrier is due to begin operating along the Chinese coastline in 2015.

OW Risk Management Report
25 Mar 2014 13:31 GMT

Global Vision Market Report
25 Mar 2014 13:11 GMT

Rotterdam Market Report
25 Mar 2014 12:21 GMT

French terminal project moves forward
25 Mar 2014 08:28 GMT
Basic engineering works are due to begin this spring for the development of a bulk liquid terminal in northern France.

Market Briefing
25 Mar 2014 08:04 GMT

Singapore Market Commentary (with evening update)
25 Mar 2014 07:21 GMT

New oil spill response charges in Singapore
24 Mar 2014 17:18 GMT
New fees are applicable to the oil spill response and anti-pollution services provided by oil spill response agencies in Singapore.

Praxis Market Update
24 Mar 2014 15:42 GMT

LNG sector now offering golden hellos to LNG seafarers
24 Mar 2014 13:58 GMT
Agency says the increasing interest in LNG as an alternative marine fuel is going to make competition for LNG staff even tougher in the years to come.

Global Vision Market Report
24 Mar 2014 12:32 GMT

OW Risk Management Report
24 Mar 2014 12:24 GMT

Rotterdam Market Report
24 Mar 2014 12:12 GMT

Houston Channel bunker spill update
24 Mar 2014 10:52 GMT
Houston Ship Channel remains closed following 4000-barrel bunker spill.

Market Briefing
24 Mar 2014 08:55 GMT

Wärtsilä 'takes dual-fuel technology to next level'
24 Mar 2014 07:13 GMT
Finnish firm says its has 'raised the technology bar' with the introduction of its new 46DF engine.

Singapore Market Commentary (with evening update)
24 Mar 2014 05:53 GMT

Order to power Asia's first LNG-fuelled tug
21 Mar 2014 15:23 GMT
First of two gas-powered tugs is scheduled to be delivered by the end of this year.

Horizon's fuel costs fall $49 per tonne in Q4 2013
21 Mar 2014 14:43 GMT
Average fuel costs decline by 7.1% in the fourth quarter of 2013 compared to the corresponding period in 2012.

Global Vision Market Report
21 Mar 2014 13:53 GMT

OW Risk Management Report
21 Mar 2014 11:44 GMT

Rotterdam Market Report
21 Mar 2014 11:31 GMT

New leadership at Bomin Deutschland
21 Mar 2014 11:13 GMT
Management changes are designed to bring the physical businesses of Bomin Deutschland and Ostsee Mineralöl-Bunker 'closer together'.

Market Briefing
21 Mar 2014 08:57 GMT
Sanctions on Russians, big surprise (Brent: $106.5).

Singapore Market Commentary (with evening update)
21 Mar 2014 06:34 GMT

Gazprom Neft joins oil spill response technology programme
20 Mar 2014 17:21 GMT
Gazprom Neft is the first Russian company to join the Arctic Oil Spill Response Technology Joint Industry Programme.

Dan-Bunkering appoints Management Assistant
20 Mar 2014 14:37 GMT
Tina Bild Carr joins the company's head office in Middelfart, Denmark.

Praxis Market Update
20 Mar 2014 14:36 GMT

Awards for clean fuels program participants
20 Mar 2014 12:18 GMT
Operators are recognized for their environmental achievements in annual awards event.

Global Vision Market Report
20 Mar 2014 12:07 GMT

OW Risk Management Report
20 Mar 2014 11:43 GMT

Rotterdam Market Report
20 Mar 2014 10:45 GMT

Glander International Bunkering appoints trader
20 Mar 2014 08:58 GMT
Euwyn Tan joins Singapore-based Glander International Bunkering Pte. Ltd.

Market Briefing
20 Mar 2014 08:23 GMT
What's all the Yellen about ? (Brent: $106.0).

Singapore Market Commentary (with evening update)
20 Mar 2014 07:37 GMT

New service launched to improve fuel economy
19 Mar 2014 15:53 GMT
Conservative estimate from pilot project is said to show that two percent in fuel savings can be achieved.

Praxis Market Update
19 Mar 2014 14:53 GMT

Global Vision Market Report
19 Mar 2014 13:21 GMT

Shagang Shipping arrests HNA Group vessel in Australia
19 Mar 2014 12:51 GMT
Hong Kong firm says the move is part of a 'long-running legal campaign' seeking USD 66.4m from China's HNA Group.

OW Risk Management Report
19 Mar 2014 11:45 GMT

Market Briefing
19 Mar 2014 09:25 GMT
Slightly more Iranian oil in the markets (Brent: $106.6).

New LNG bunkering report released
19 Mar 2014 08:41 GMT
Study provides practical guidance for meeting regulatory requirements.

Bunker fuel on the agenda at SMM 2014
19 Mar 2014 08:17 GMT
'Setting the Green Course' event to tackle the fuel issue on 'Environmental Protection Day' in September.

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

Diesel particulate filter order for luxury boat market
18 Mar 2014 20:38 GMT
Order worth $450,000 is received from firm that specializes in the emission control of industrial combustion engines.

Praxis Market Update
18 Mar 2014 14:55 GMT

Scrubber technology for Scandlines ferry
18 Mar 2014 14:34 GMT
Closed loop scrubber installation is completed on board the M/V Schleswig-Holstein.

Global Vision Market Report
18 Mar 2014 11:55 GMT

ECSA opposes MRV regulation extension
18 Mar 2014 11:32 GMT
Secretary General suggests the EU would be "shooting itself in the foot" and potentially hinder a speedy agreement at IMO level.

Rotterdam Market Report
18 Mar 2014 10:45 GMT

OW Risk Management Report
18 Mar 2014 10:37 GMT

Market Briefing
18 Mar 2014 10:04 GMT
Modest sanctions calm the markets (Brent: $106.5).

Patent for fuel-saving bow technology in China
18 Mar 2014 07:55 GMT
Patent is granted for the Environship wave-piercing bow technology for merchant vessels.

Singapore Market Commentary (with evening update)
18 Mar 2014 06:56 GMT

Marubeni to participate in LNG receiving terminal project in Uruguay
17 Mar 2014 16:04 GMT
Project to build FSRU and provide an LNG receiving, storage and regasification service in Río de la Plata.

EU to fund LNG supply hub project in north-west Spain
17 Mar 2014 15:23 GMT
Project to focus on the development of infrastructure and procedures for the supply of LNG to ships.

OW Risk Management Report
17 Mar 2014 15:21 GMT

Praxis Market Update
17 Mar 2014 14:41 GMT

Global Vision Market Report
17 Mar 2014 13:18 GMT

Rotterdam Market Report
17 Mar 2014 11:43 GMT

OW Bunker launches physical supply operation in Australia
17 Mar 2014 10:23 GMT
Bunker firm to supply in Port Kembla, Sydney, Newcastle and Eden.

Market Briefing
17 Mar 2014 08:41 GMT
Crimea votes: Almost 97% favour joining Russia (Brent: $108.0).

Singapore Market Commentary (with evening update)
17 Mar 2014 05:57 GMT

NuStar shares upgraded from 'neutral' to 'buy'
14 Mar 2014 19:18 GMT
Goldman Sachs says fee-based growth driven by its Eagle Ford project backlog will put NuStar 'back on track'.

Baleària aims to cut fuel consumption by over two percent
14 Mar 2014 13:42 GMT
Spanish ferry operator expects to achieve fuel savings with energy management solution.

Study highlights safety concerns over LNG-fuelled ships
14 Mar 2014 13:11 GMT
Report says there are 'safety concerns' over the rise in the number of ports with LNG bunkering facilities that will have never previously handled LNG.

Global Vision Market Report
14 Mar 2014 12:14 GMT

OW Risk Management Report
14 Mar 2014 11:55 GMT

Rotterdam Market Report
14 Mar 2014 11:42 GMT

Market Briefing
14 Mar 2014 11:08 GMT
Warning: Boring scheduled stuff ahead (Brent: $107.4).

OW Bunker launches supply operation in LA and Long Beach
14 Mar 2014 08:07 GMT
Bunker firm expands its physical distribution operation in North America.

Singapore Market Commentary (with evening update)
14 Mar 2014 06:55 GMT

Pipeline project set to slash jetty turnaround times at Sohar
13 Mar 2014 16:44 GMT
US$2.5 million project is designed to optimize the turnaround of ships and allow storage terminal to perform more operations.

GAC wins UK support service contract
13 Mar 2014 15:37 GMT
GAC to provide a package of support services for vessels chartered by N-Sea Offshore Ltd. calling at UK ports.

Report examines future fuel mix in shipping
13 Mar 2014 14:47 GMT
Research explores future fuel demand for the containership, bulk carrier/general cargo and tanker sectors.

Praxis Market Update
13 Mar 2014 13:44 GMT

OW Risk Management Report
13 Mar 2014 12:47 GMT

Global Vision Market Report
13 Mar 2014 12:40 GMT

Rotterdam Market Report
13 Mar 2014 12:17 GMT

Market Briefing
13 Mar 2014 08:37 GMT
Trying to disguise the obvious (Brent: $108.3).

Singapore: Year-on-year sales up, month-on-month volumes down
13 Mar 2014 08:28 GMT
Bunker sales fall to their lowest level in 12 months, but year-on-year volumes have risen in five out of the last six months.

Singapore Market Commentary (with evening update)
13 Mar 2014 06:53 GMT

New EAL service for ship operators
12 Mar 2014 15:36 GMT
New service is designed to help operators meet new rules concerning the use of Environmentally Acceptable Lubricants (EALs).

Praxis Market Update
12 Mar 2014 14:57 GMT

OW Risk Management Report
12 Mar 2014 12:31 GMT

Global Vision Market Report
12 Mar 2014 12:22 GMT

Rotterdam Market Report
12 Mar 2014 12:13 GMT

Dan-Bunkering trader moves to Singapore
12 Mar 2014 10:45 GMT
Bunker trader Maria Eliseeva moves from Kaliningrad to Singapore.

Market Briefing
12 Mar 2014 10:20 GMT
(Former) Libyan PM and the rebels (Brent: $108.0).

Shipping firms fined for not switching fuels
12 Mar 2014 09:03 GMT
Companies fined for failing to switch to cleaner-burning distillates in Californian waters.

Singapore Market Commentary (with evening update)
12 Mar 2014 07:16 GMT

Praxis Market Update
11 Mar 2014 15:40 GMT

OW Bunker preempts stricter bunker barge regulations in Turkey with early fleet upgrade
11 Mar 2014 15:28 GMT
Upgrade of bunker vessels in Istanbul creates one of the most modern refuelling fleets in the region.

OW Risk Management Report
11 Mar 2014 13:12 GMT

Global Vision Market Report
11 Mar 2014 13:03 GMT

Rotterdam Market Report
11 Mar 2014 12:14 GMT

Market Briefing
11 Mar 2014 08:58 GMT
Oil prices steady – for now (Brent: $108.2).

Cruise ship energy management tool launched
11 Mar 2014 08:52 GMT
New tool is expected to generate 'significant' annual cash savings in fuel costs for large modern cruise ships.

Bureau Veritas to class largest gas-fuelled ro-pax fleet
11 Mar 2014 08:36 GMT
Classification society to class a gas-fuelled ro-ro passenger ferry newbuilding and oversee the conversion of three ro-pax ferries to LNG.

Singapore Market Commentary (with evening update)
11 Mar 2014 07:14 GMT

World Fuel Services completes Watson Petroleum acquisition
11 Mar 2014 07:13 GMT
CEO says acquisition will serve as a platform for further growth across Europe.

New barge supplier at Santa Panagia Roads
10 Mar 2014 13:44 GMT
Bunker firm is granted permission to supply tankers working cargo at the ISAB Impianti Sud Refinery.

Surcharge heads-up: Bunker costs will 'substantially increase', says shipper
10 Mar 2014 12:18 GMT
Shipping firm highlights the challenge it faces in educating the market about higher fuel surcharges as a result of increased bunker costs.

Global Vision Market Report
10 Mar 2014 11:53 GMT

Rotterdam Market Report
10 Mar 2014 11:37 GMT

Market Briefing
10 Mar 2014 11:31 GMT
Summer time (Brent: $107.8).

LNG-fuelled vessel to be built in South Korea
10 Mar 2014 07:13 GMT
Middle East firm exercises option to build 'LNG ready' 18,000 TEU vessel.

WFS declares cash dividend
10 Mar 2014 06:33 GMT
Latest cash dividend will be payable to shareholders in April.

Singapore Market Commentary (with evening update)
10 Mar 2014 05:35 GMT

Contract to build two PCTCs with LNG fuel propulsion system
07 Mar 2014 17:13 GMT
Two dual-fuel liquefied natural gas (LNG) pure car and truck carriers (PCTCs) are scheduled to be delivered in 2016.

Utility purchases fuel oil cargo
07 Mar 2014 15:23 GMT
50,000-tonne fuel oil cargo is scheduled for delivery at the end of this month.

Praxis Market Update
07 Mar 2014 14:36 GMT

Bunker Index (BIX) statistical summary
07 Mar 2014 13:28 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

Repair work at ExxonMobil lube terminal
07 Mar 2014 12:47 GMT
Repair of the jetty will include the replacement of existing fenders.

Global Vision Market Report
07 Mar 2014 12:42 GMT

Rotterdam Market Report
07 Mar 2014 11:18 GMT

OW Risk Management Report
07 Mar 2014 11:14 GMT

Market Briefing
07 Mar 2014 10:12 GMT
U.S. unemployment eyed (Brent: $108.3).

Singapore Market Commentary (with evening update)
07 Mar 2014 06:34 GMT

Endofa forms new venture, Endofa-VP; Opens office in France
06 Mar 2014 17:23 GMT
Managing Partner says the new business is designed to expand Endofa's presence in Europe while serving as its exclusive agent in France.

WTI vs BIX price comparison
06 Mar 2014 15:05 GMT
Analysis of WTI crude vs the BIX global bunker price.

Singapore MGO vs ICE Gas Oil
06 Mar 2014 14:41 GMT
Analysis of Singapore marine gas oil (MGO) and ICE Gas Oil prices.

Global Vision Market Report
06 Mar 2014 12:37 GMT

Rotterdam Market Report
06 Mar 2014 12:33 GMT

Brent vs BIX price comparison
06 Mar 2014 09:13 GMT
Analysis of Brent crude vs the BIX global bunker price.

Market Briefing
06 Mar 2014 08:39 GMT
Ukraine and the ECB (Brent: $108.0).

Singapore Market Commentary (with evening update)
06 Mar 2014 07:12 GMT

Global Vision Market Report
05 Mar 2014 14:37 GMT

Praxis Market Update
05 Mar 2014 14:34 GMT

OW Bunker sells 29.2 million tonnes in 2013
05 Mar 2014 13:44 GMT
Bunker firm reports strong 2013 results with above 30% growth in volume and profitability.

Rotterdam Market Report
05 Mar 2014 12:40 GMT

OW Risk Management Report
05 Mar 2014 10:34 GMT

Dan-Bunkering hires trader in Dubai
05 Mar 2014 09:07 GMT
Ismail Achmat is Dan-Bunkering's ninth employee in the United Arab Emirates.

Market Briefing
05 Mar 2014 08:39 GMT
While we wait for a solution in Ukraine; handshakes in Libya (Brent: $109.0).

Six months of low bunker price volatility
05 Mar 2014 08:27 GMT
BIX bunker price volatility analysis - February 2014.

Rotterdam 380 cst average up $12 in February
05 Mar 2014 08:11 GMT
Europe's leading bunker port records its most significant increase since July 2013.

Fujairah 380 cst average falls $8 in February
05 Mar 2014 07:23 GMT
February decrease is only the second in the last seven months.

Singapore Market Commentary (with evening update)
05 Mar 2014 06:12 GMT

Singapore 380 cst average up 1% in February
04 Mar 2014 19:16 GMT
The average monthly 380 cst price at the world's leading bunker port rises to its highest level since March 2013.

Praxis Market Update
04 Mar 2014 15:32 GMT

Global Vision Market Report
04 Mar 2014 14:07 GMT

Global bunker average up 0.7% in February
04 Mar 2014 13:45 GMT
Monthly global bunker average has remained within a $20 price range for the last 11 months.

Russian firm takes delivery of dual-fuel power
04 Mar 2014 13:18 GMT
LNG carrier is equipped with a diesel-electric, dual-fuel propulsion system.

OW Risk Management Report
04 Mar 2014 10:47 GMT

Rotterdam Market Report
04 Mar 2014 10:33 GMT

Wärtsilä environmental seal systems allow mineral oil to be used in US waters
04 Mar 2014 08:38 GMT
Air chamber within the seal is said to capture any water or oil leakage, which is then transferred to inboard tanks.

Market Briefing
04 Mar 2014 08:31 GMT
Russian military exercise ends (Brent: $110.6).

Singapore Market Commentary
04 Mar 2014 06:55 GMT

After-tax profit up 11% for CLH Group in 2013
03 Mar 2014 19:28 GMT
Spanish oil transportation and storage firm achieves an after-tax profit of 164.2 million euros in 2013.

Praxis Market Update
03 Mar 2014 15:33 GMT

Hydrogen fuel cell testing to start in 2015
03 Mar 2014 14:24 GMT
Portable, self-contained hydrogen fuel cell is due to be tested in Hawaii over a period of six months.

Global Vision Market Report
03 Mar 2014 14:18 GMT

RINA granted Danish LNG fuel authority
03 Mar 2014 13:46 GMT
RINA gets green light to carry out plan approval and surveillance during construction on board ships using LNG as marine fuel.

OW Risk Management Report
03 Mar 2014 11:10 GMT

Rotterdam Market Report
03 Mar 2014 10:48 GMT

Market Briefing
03 Mar 2014 10:28 GMT
Crimea and oil prices (Brent: $111.3).

Vopak net profit falls 10% in 2013
03 Mar 2014 09:08 GMT
Chairman says he is 'convinced' Vopak is a stronger company than a year ago despite first earnings decrease in ten years.

Singapore Market Commentary (with evening update)
03 Mar 2014 05:53 GMT



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