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Home » News » News Archive - May 2014


News Archive - May 2014

Rotterdam 380 cSt average dips $2 in May
30 May 2014 15:40 GMT
Rotterdam's monthly 380 cSt average has remained within a $2 price range for four months between February and May.

Praxis Market Update
30 May 2014 15:19 GMT

Global Vision Market Report
30 May 2014 12:37 GMT

OW Risk Management Report
30 May 2014 10:52 GMT

Rotterdam Market Report
30 May 2014 10:45 GMT

Market Briefing
30 May 2014 10:31 GMT
Slow news day ahead (Brent: $109.8).

Fujairah 380 cSt up $2 in May
30 May 2014 10:03 GMT
380 cSt average rises for the first time since January, but remains below $600 for the second consecutive month.

Singapore 380 cSt monthly average up, but still below $600
30 May 2014 10:45 GMT
May's 380 centistoke (cSt) average is the second lowest since June 2012.

Singapore Market Commentary (with evening update)
30 May 2014 06:15 GMT

WFS declares cash dividend
29 May 2014 23:39 GMT
Latest cash dividend will be payable to shareholders in July.

Praxis Market Update
29 May 2014 15:17 GMT

Global Vision Market Report
29 May 2014 15:06 GMT

EGR boiler ready for testing
29 May 2014 14:34 GMT
Including a pressurized exhaust gas boiler in the exhaust gas recirculation (EGR) circuit could lead to 'substantial' energy savings, says manufacturer.

OW Risk Management Report
29 May 2014 09:12 GMT

Singapore Market Commentary (with evening update)
29 May 2014 06:18 GMT

OW Risk Management Report
28 May 2014 13:05 GMT

Global Vision Market Report
28 May 2014 12:52 GMT

Rotterdam Market Report
28 May 2014 12:42 GMT

Ardmore acquires fuel-efficient tanker
28 May 2014 09:18 GMT
Eco-design vessel is expected to be delivered between July and August 2014.

Market Briefing
28 May 2014 09:11 GMT
Improved U.S. data, continued geopolitical risk (Brent: $110.3).

Brian Turnbull joins Glander International Bunkering
28 May 2014 09:02 GMT
Experienced bunker industry professional is appointed senior bunker and lubricant trader.

Dan-Bunkering appoints bunker trader
28 May 2014 08:44 GMT
Experienced sales professional joins the bunker industry.

Singapore Market Commentary (with evening update)
28 May 2014 06:01 GMT

Møller: Increased demand for credit will lead to more consolidation among bunker companies
27 May 2014 13:29 GMT
Suppliers without liquidity will lose out to financially robust organisations offering better terms, says Dynamic Oil Trading's CEO.

OW Risk Management Report
27 May 2014 13:17 GMT

Global Vision Market Report
27 May 2014 13:02 GMT

Rotterdam Market Report
27 May 2014 12:24 GMT

Market Briefing
27 May 2014 11:49 GMT
Oil prices up on increased tensions (Brent: $110.6).

New oil risk manager at Global Risk Management Singapore
27 May 2014 09:17 GMT
Nicholas Foo will be tasked with expanding the company's business in Asia.

Project to build prototype solar-electric unmanned surface vessel
27 May 2014 08:41 GMT
Onboard batteries to be recharged via a solar panel array or via ship or shore power using rapid battery recharging technology.

Maersk ships approach 3,500 hours of EGR operation
27 May 2014 06:46 GMT
Two Maersk ships have logged almost 3,500 hours using exhaust gas recirculation (EGR) technology.

Singapore Market Commentary (with evening update)
27 May 2014 04:58 GMT

Market Briefing
26 May 2014 10:05 GMT
Thin trading and hopes of easing tensions in Ukraine (Brent: $109.9).

Aegean directors elected to serve until 2017
23 May 2014 22:15 GMT
Peter Georgiopoulos, John Tavlarios and Spyridon Fokas are elected to serve as directors of the company for three years.

ABS to class North America's first LNG bunker barges
23 May 2014 16:21 GMT
Vessels are expected to be ready for service by the end of 2015.

OW Risk Management Report
23 May 2014 11:18 GMT

Global Vision Market Report
23 May 2014 11:15 GMT

Rotterdam Market Report
23 May 2014 11:05 GMT

Market Briefing
23 May 2014 10:52 GMT
Geopoltical worries and improved economic data drive oil prices up (Brent: $110.3).

OW Bunker creates three regional centres in Asia
23 May 2014 09:17 GMT
Three regional managers appointed; general manager for Asia to leave the firm.

New recommended practice on LNG bunkering
23 May 2014 08:55 GMT
Recommended practice is designed to establish the guidelines and recommendations required to protect people and the environment during the development and operation of LNG bunker facilities.

Singapore Market Commentary (with evening update)
23 May 2014 07:55 GMT

Praxis Market Update
22 May 2014 15:54 GMT

Fake agency bank account warning
22 May 2014 13:42 GMT
Shipping companies are warned of a reported scam that has been set up to divert funds to a fake bank account.

Global Vision Market Report
22 May 2014 13:04 GMT

OW Risk Management Report
22 May 2014 11:02 GMT

Rotterdam Market Report
22 May 2014 10:52 GMT

Market Briefing
22 May 2014 08:51 GMT
Big draw on crude inventories (Brent: $110.5).

Bunker barge moves to Galle
22 May 2014 08:31 GMT
Barge is relocated to Galle, Sri Lanka, to carry out deliveries at anchorage and off port limits (OPL).

OW Bunker charters additional barge in Panama
22 May 2014 08:03 GMT
Bunker supplier expands supply capacity in Panama with the addition of the double-hulled Star Goethals.

Singapore Market Commentary (with evening update)
22 May 2014 05:51 GMT

Aegean posts decline in Q1 net income
22 May 2014 04:06 GMT
First quarter net income down despite rise in supply volumes, revenues and gross profit.

Norwegian Navy aims to cut fuel use with hybrid propulsion
21 May 2014 15:18 GMT
New hybrid propulsion system is designed to improve fuel efficiency and operating flexibility.

LNG as a marine fuel speech
21 May 2014 14:31 GMT
Recent remarks made by Commissioner Doyle at the LNG Export and Infrastructure Conference.

Praxis Market Update
21 May 2014 14:30 GMT

Global Vision Market Report
21 May 2014 12:50 GMT

Rotterdam Market Report
21 May 2014 10:23 GMT

OW Risk Management Report
21 May 2014 09:16 GMT

Market Briefing
21 May 2014 07:48 GMT
Volatility ahead of oil inventories (Brent: $109.7).

Glander International Bunkering hires sales manager
21 May 2014 07:39 GMT
Morten Langthjem's experience and work ethic made him "the best person for the job", says CEO.

Singapore Market Commentary (with evening update)
21 May 2014 06:52 GMT

Fuel oil cargo purchased via tender
20 May 2014 15:10 GMT
Parcel of high sulphur fuel oil is scheduled for delivery next month.

Taichung 380 cSt deliveries to be suspended
20 May 2014 14:18 GMT
Supplies of 380 cSt are due to be halted as maintenance work is carried out on a delivery barge.

OW Risk Management Report
20 May 2014 13:03 GMT

Global Vision Market Report
20 May 2014 12:46 GMT

GAC launches HullWiper at Fujairah
20 May 2014 12:14 GMT
GAC's new hull-cleaning remotely operated vehicle is now at the Middle East's leading bunker port.

Rotterdam Market Report
20 May 2014 11:55 GMT

Market Briefing
20 May 2014 07:58 GMT
Supply disruptions in Libya continue; U.S. oil stock data coming up (Brent: $109.5).

Singapore Market Commentary (with evening update)
20 May 2014 06:23 GMT

Electrical power and propulsion systems for offshore vessels
19 May 2014 15:42 GMT
ABB system package is designed to provide reliable and fuel efficient propulsion.

OW Risk Management Report
19 May 2014 12:33 GMT

Global Vision Market Report
19 May 2014 12:13 GMT

Rotterdam Market Report
19 May 2014 11:42 GMT

Market Briefing
19 May 2014 08:02 GMT
Unrest increases in Libya – oil output at new lows (Brent: $110.1).

Evergas orders LNG fuel supply system and dual-fuel engines
19 May 2014 07:50 GMT
Ships are being built in China and are scheduled to be delivered in 2015.

Alfa Laval wins order to supply exhaust gas cleaning systems
19 May 2014 06:13 GMT
Delivery is scheduled for 2014.

Singapore Market Commentary (with evening update)
19 May 2014 04:49 GMT

US Navy in alternative energy research agreement
16 May 2014 16:13 GMT
US Navy signs cooperation agreement as part of strategy to change the way it uses, produces and acquires energy.

New treasury management product for bunker suppliers
16 May 2014 15:44 GMT
Management product allows bunker suppliers to automate and streamline their complex treasury operations.

New Omani firm to develop liquid bulk jetty and tank terminal
16 May 2014 15:12 GMT
Duqm storage terminal is expected to be operational by mid-2018.

Global Vision Market Report
16 May 2014 11:15 GMT

OW Risk Management Report
16 May 2014 10:54 GMT

Rotterdam Market Report
16 May 2014 10:46 GMT

Andatee posts Q1 net loss
16 May 2014 08:34 GMT
Chinese bunker supplier reported a net loss of $3.42 million for the first quarter of 2014.

Singapore Market Commentary (with evening update)
16 May 2014 06:18 GMT

Petrobras launches bunker barge in Rio de Janeiro
15 May 2014 15:12 GMT
New delivery vessel has a storage capacity of 2,300 metric tonnes.

OW Risk Management Report
15 May 2014 11:44 GMT

Global Vision Market Report
15 May 2014 11:18 GMT

Rotterdam Market Report
15 May 2014 11:12 GMT

Scrubber systems for six Finnlines vessels
15 May 2014 08:49 GMT
The two main engines on each vessel are to be connected to a single integrated scrubber system.

New senior bunker trader at Dan-Bunkering Singapore
15 May 2014 08:22 GMT
Koh Kuan Hua is promoted to new position at Dan-Bunkering's largest office outside Denmark.

Dan-Bunkering promotes bunker trader in Singapore
15 May 2014 08:06 GMT
Thieu-vi Phung is promoted to the role of senior bunker trader.

Market Briefing
15 May 2014 07:36 GMT
Oil prices up on mixed inventory data (Brent: $109.4).

Changes to bunker fuel excise in Australia
15 May 2014 05:20 GMT
New changes are due to come into effect from August 1.

Singapore Market Commentary (with evening update)
15 May 2014 05:05 GMT

Gulf Petrochem appoints executive director
14 May 2014 15:22 GMT
Former Essar Oil executive is tasked with driving growth in new territories such as East Africa and the Far East.

Praxis Market Update
14 May 2014 14:30 GMT

OW Risk Management Report
14 May 2014 12:38 GMT

Global Vision Market Report
14 May 2014 12:14 GMT

Rotterdam Market Report
14 May 2014 12:03 GMT

Risk assessment on methanol-fuelled tankers concluded
14 May 2014 09:13 GMT
Factors evaluated include the structure and maintenance of the fuel system as well as the vessel's voyaging, bunkering and cargo operations.

Market Briefing
14 May 2014 08:22 GMT
Increasing oil prices ahead of inventory data (Brent: $109.4).

Singapore: Highest bunker sales since May 2012; Record 500 cst sales
14 May 2014 08:07 GMT
Bunker sales rose to their highest level in 23 months in April. 500 cst volumes surpassed the previous record set in July 2013.

Singapore Market Commentary (with evening update)
14 May 2014 05:15 GMT

Endofa launches truck supply operation in Honduras
13 May 2014 16:28 GMT
Bunker firm establishes physical supply operation in Central America with joint venture partner Uno.

Praxis Market Update
13 May 2014 13:28 GMT

OW Risk Management Report
13 May 2014 11:44 GMT

Global Vision Market Report
13 May 2014 11:31 GMT

Rotterdam Market Report
13 May 2014 11:26 GMT

OW Bunker reduces global claims to 0.9%
13 May 2014 10:34 GMT
Internal quality standard helps company meet global target of reducing claims to below 1%.

180 cst blending losses in China
13 May 2014 09:18 GMT
Margins fall as a result of lower bunker prices and stable to higher blending costs.

Market Briefing
13 May 2014 08:34 GMT
Supply worries calmed by OPEC (Saudi Arabia) – Brent: $108.3.

SGMF to hold board meeting this week
13 May 2014 07:19 GMT
Society For Gas as a Marine Fuel (SGMF) is due to hold a board meeting in Paris on Thursday.

Tri-fuel LNG carriers ordered
12 May 2014 19:41 GMT
Vessels are expected to be delivered in 2017.

Dual-fuel short sea ships ordered
12 May 2014 14:33 GMT
New container vessels will be able to run on LNG, distillates and fuel oil.

Georgia has capacity to sell over 200,000 mt per year, says specialist
12 May 2014 13:41 GMT
Commercial director claims local players are keen to link up with international bunker suppliers to develop the Georgian market.

OW Risk Management Report
12 May 2014 12:34 GMT

Global Vision Market Report
12 May 2014 12:17 GMT

Rotterdam Market Report
12 May 2014 12:13 GMT

Market Briefing
12 May 2014 08:33 GMT
Increased tensions in the Ukraine (Brent: $108.1).

Agreement to manufacture fuel-saving rigid sail
12 May 2014 07:04 GMT
First pre-commercial EnergySail is expected to be produced this year.

Singapore Market Commentary (with evening update)
12 May 2014 06:55 GMT

Funding secured for Mississippi LNG terminal
09 May 2014 16:45 GMT
Facility is scheduled for completion in 2017.

New headquarters for Bunkers International
09 May 2014 16:21 GMT
Bunker firm relocates to new address in Lake Mary, Florida.

Baltic Trading forecasts fuel savings
09 May 2014 14:51 GMT
Fuel efficiency upgrade program is expected to lead to a reduction in bunker costs.

Praxis Market Update
09 May 2014 12:34 GMT

OW Risk Management Report
09 May 2014 12:24 GMT

Global Vision Market Report
09 May 2014 12:14 GMT

Rotterdam Market Report
09 May 2014 12:12 GMT

Scrubber retrofit for AIDA Luna
09 May 2014 08:45 GMT
Cruise vessel has been fitted with the first element of a comprehensive filter and exhaust gas treatment system.

Market Briefing
09 May 2014 07:40 GMT
Technical trading and potential EU rate cut ahead ($108.3).

Singapore Market Commentary (with evening update)
09 May 2014 05:28 GMT

Horizon's Q1 bunker costs decline by $37 per tonne
08 May 2014 19:08 GMT
Average fuel costs decline by 5.5% in the first quarter compared to the previous year.

Praxis Market Update
08 May 2014 16:03 GMT

Dan-Bunkering trader moves to Dubai
08 May 2014 14:23 GMT
Dan-Bunkering's Dubai team now consists of ten members of staff.

Global Vision Market Report
08 May 2014 12:37 GMT

OW Risk Management Report
08 May 2014 12:23 GMT

Rotterdam Market Report
08 May 2014 11:41 GMT

Market Briefing
08 May 2014 11:14 GMT
Hopes of easing tensions in Ukraine (Brent: $107.9).

OW 'fully operational' in US West Coast
08 May 2014 09:10 GMT
Bunker firm confirms the completion of several deliveries and the appointment of key members of staff.

Aegean to discuss Q1 results in May
08 May 2014 06:42 GMT
Supplier to hold conference call and webcast following the announcement of its Q1 results later this month.

Singapore Market Commentary (with evening update)
08 May 2014 06:10 GMT

Bunker Index (BIX) statistical summary
07 May 2014 18:34 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

Praxis Market Update
07 May 2014 14:04 GMT

Global Vision Market Report
07 May 2014 12:52 GMT

OW Risk Management Report
07 May 2014 12:20 GMT

Rotterdam Market Report
07 May 2014 11:20 GMT

Magellan Midstream posts record Q1 results
07 May 2014 09:08 GMT
Operating profit jumps 93 percent compared to the same period last year.

WTI vs BIX price comparison
07 May 2014 08:51 GMT
Analysis of WTI crude vs the BIX global bunker price.

Market Briefing
07 May 2014 08:17 GMT
Surprise draw in crude oil inventories - volatility around the EIA data today (Brent: $107.3).

Glander International Bunkering appoints broker/trader in Florida
07 May 2014 07:12 GMT
Experienced Americas trader Justin Sander joins Glander International Bunkering's US office.

Singapore Market Commentary (with evening update)
07 May 2014 05:55 GMT

Buckeye posts first quarter results
06 May 2014 13:51 GMT
'Strong' financial results driven by Hess terminal network acquisition and returns on growth capital investments, says US firm.

Trumf Bunker appoints new managing director
06 May 2014 13:21 GMT
Management change at United Shipping and Trading Company as Kenni Goldenbeck moves from Dan-Bunkering to Trumf Bunker.

Global Vision Market Report
06 May 2014 10:55 GMT

OW Risk Management Report
06 May 2014 10:48 GMT

Rotterdam Market Report
06 May 2014 10:36 GMT

Market Briefing
06 May 2014 08:44 GMT
Strong U.S. data - markets await oil inventory data (Brent: $107.8).

Aegean shareholders to elect directors at annual meeting
06 May 2014 07:14 GMT
Aegean Marine Petroleum's annual shareholders' meeting is due to be held later this month.

Singapore Market Commentary (with evening update)
06 May 2014 05:20 GMT

Brent vs BIX price comparison
05 May 2014 18:05 GMT
Analysis of Brent crude vs the BIX global bunker price.

Singapore MGO vs ICE Gas Oil
05 May 2014 14:29 GMT
Analysis of Singapore marine gas oil (MGO) and ICE Gas Oil prices.

Bunker price volatility at lowest level since December
05 May 2014 14:05 GMT
Price volatility in April fell to its second lowest level in five years.

Praxis Market Update
05 May 2014 13:23 GMT

OW Risk Management Report
05 May 2014 13:15 GMT

Rotterdam Market Report
05 May 2014 13:03 GMT

Global Vision Market Report
05 May 2014 12:46 GMT

Seattle: Cruise bunker volumes set to fall in 2014
05 May 2014 08:44 GMT
Decrease in cruise ship calls is projected for this year's cruise bunkering season.

Market Briefing
05 May 2014 08:05 GMT
Chinese slowdown continues and unrest in Ukraine shifts (Brent: $108.6).

Singapore Market Commentary (with evening update)
05 May 2014 06:34 GMT

Fujairah 380 cst average falls to 9-month low
02 May 2014 16:31 GMT
380 cst average declines for the third consecutive month at the Middle East's leading bunker port.

New MD at Dan-Bunkering Singapore
02 May 2014 15:32 GMT
'Ideal candidate' Morten Mortensen is fast-tracked from sales manager to managing director in three months.

OW Risk Management Report
02 May 2014 13:21 GMT

Rotterdam Market Report
02 May 2014 13:09 GMT

Global Vision Market Report
02 May 2014 12:44 GMT

Former Trumf director joins Dan-Bunkering
02 May 2014 09:22 GMT
Dan-Bunkering appoints Group Project Manager in Middelfart, Denmark.

Market Briefing
02 May 2014 08:36 GMT
Mixed data from the U.S. – new clashes in Ukraine (Brent: $107.7).

KPI Bridge Oil promotes staff member
02 May 2014 07:25 GMT
Keith Wong is promoted to the role of Team Leader at the company's ofice in Singapore.

Singapore Market Commentary (with evening update)
02 May 2014 06:22 GMT

Singapore: Lowest monthly 380 cst average since June 2012
01 May 2014 12:18 GMT
Monthly average falls to its lowest level since June 2012. Most significant two-month decrease recorded in 12 months.

OW Risk Management Report
01 May 2014 11:41 GMT

Global Vision Market Report
01 May 2014 11:38 GMT

Rotterdam Market Report
01 May 2014 11:28 GMT

The risk of innocent shipping intermediaries being sued
01 May 2014 11:16 GMT
Shipping intermediaries are warned that they run the risk of being sued even when they are not at fault.

Net income up 4.1% for World Fuel Services in Q1
01 May 2014 10:55 GMT
Marine segment gross profit rose by 14.8% in the first quarter compared to the corresponding period last year.

Endofa moves to clean up bunker fraud with mass flow meter installation
01 May 2014 08:35 GMT
Supplier is set to be the first in West Africa to perform bunker transfers via the use of a mass flow meter.

Market Briefing
01 May 2014 07:40 GMT
U.S. oil inventories at record levels - weighing on prices (Brent: $107.9).



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