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Home » News » News Archive - July 2014


News Archive - July 2014

North America's first LNG-powered ferry
30 Jul 2014 17:52 GMT
Vessel is also the first ever gas-powered ferry to be built in Italy.

Horizon's bunker costs down $23 per tonne in Q2
30 Jul 2014 13:45 GMT
Average fuel costs decline by 3.5% in the second quarter compared to last year.

Joint project to develop condition-based engine monitoring systems for MAN B&W Engines
30 Jul 2014 12:41 GMT
The developed systems will be designed to assist in the early detection of abnormalities in electronically-controlled diesel engines.

Global Vision Market Report
30 Jul 2014 11:13 GMT

OW Risk Management Report
30 Jul 2014 11:05 GMT

Rotterdam Market Report
30 Jul 2014 10:46 GMT

Presenting the 'all-in-one' emissions monitoring system
30 Jul 2014 09:12 GMT
System is said to be able to record all relevant emissions on board a ship, thereby aiding compliance with MARPOL regulations.

Singapore Market Commentary (with evening update)
30 Jul 2014 06:01 GMT

Plan to develop bunkering operation in Haiti
29 Jul 2014 14:40 GMT
Feasibility studies are said to have been carried out for the development of a new bunkering service in Haiti.

Natural gas: 'The fuel of the moment'
29 Jul 2014 13:45 GMT
Publication talks to Total executive about natural gas fuel and looks at an EU project concerning LNG as an alternative transportation fuel.

Global Vision Market Report
29 Jul 2014 12:43 GMT

Rotterdam Market Report
29 Jul 2014 12:13 GMT

OW Risk Management Report
29 Jul 2014 09:06 GMT

MPA issues mandatory mass flow metering circular
29 Jul 2014 07:55 GMT
MPA will be mandating the use of a mass flow metering system for bunker deliveries in Singapore from 1 January 2017.

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

Report on fuel siphoning incidents in Asia
28 Jul 2014 15:33 GMT
Update on incidents involving the siphoning of fuel between 2011 and July 2014.

Fuels marketing operating income up for NuStar Energy
28 Jul 2014 13:06 GMT
Fuels marketing segment records jump in Q2 and H1 operating income despite decline in product sales and other revenue.

Global Vision Market Report
28 Jul 2014 11:36 GMT

Rotterdam Market Report
28 Jul 2014 09:54 GMT

OW Risk Management Report
28 Jul 2014 09:21 GMT

LNG-fuelled ship seminars held in Asia
28 Jul 2014 07:44 GMT
Seminars were held last week in Shanghai and Singapore.

Southern Towing Company selects engines for their 'unmatched' fuel economy
25 Jul 2014 13:06 GMT
Company is said to operate one of the most fuel-efficient inland barge fleets on the Mississippi River System and Gulf Intracoastal Waterway.

Praxis Market Update
25 Jul 2014 12:17 GMT

PetroChina agrees deal to buy fuel oil from Venezuela
25 Jul 2014 11:57 GMT
Petróleos de Venezuela S.A. (PDVSA) to supply 100,000 barrels per day over the next three years.

Rotterdam Market Report
25 Jul 2014 10:28 GMT

OW Risk Management Report
25 Jul 2014 09:10 GMT

Box Ships repays one of its loans
25 Jul 2014 08:53 GMT
Container transportation firm pays $15 million plus interest to clear outstanding loan with Commerzbank.

Market Briefing
25 Jul 2014 08:17 GMT
Libyan production has picked up - at least according to NOC (Brent: $107.2).

Scrubber 'successfully' tested on board Maersk ship
25 Jul 2014 07:51 GMT
Tests are said to confirm full compliance with MARPOL Annex VI regulations.

Singapore Market Commentary (with evening update)
25 Jul 2014 06:01 GMT

Oil terminal network firm increases cash distribution
24 Jul 2014 16:38 GMT
Cash distribution represents an increase of approximately 2 percent on the previous quarter.

GAC Bunker Fuels appoints bunker trader
24 Jul 2014 14:06 GMT
Ida Ryberg joins the company's bunker team in London.

MoU to identify potential gas turbine-powered ship projects
24 Jul 2014 12:55 GMT
Agreement to collaborate on applying gas turbines to power commercial ships.

Praxis Market Update
24 Jul 2014 12:34 GMT

OW Risk Management Report
24 Jul 2014 12:27 GMT

Global Vision Market Report
24 Jul 2014 12:17 GMT

Rotterdam Market Report
24 Jul 2014 10:39 GMT

Market Briefing
24 Jul 2014 09:17 GMT
DOE inventories show higher draw on crude (Brent: $107.7).

Reducing fuel costs by minimizing 'non-standard behaviour'
24 Jul 2014 08:05 GMT
Study examines the reduction of emissions and fuel consumption by minimizing unnecessary delays and optimizing traffic flows.

Singapore Market Commentary (with evening update)
24 Jul 2014 06:14 GMT

VTTI Energy Partners announces IPO
23 Jul 2014 13:15 GMT
Company plans to raise $350 million by offering 17,500,000 common units.

Glander International Bunkering embarks on recruitment drive
23 Jul 2014 12:20 GMT
Bunker firm is looking to employ staff in Dubai, Florida, Singapore and Brazil.

BP pulls out of Algeciras - source
23 Jul 2014 11:51 GMT
Oil major is reported to have ended the lease of a chartered delivery barge.

Global Vision Market Report
23 Jul 2014 10:53 GMT

Rotterdam Market Report
23 Jul 2014 10:38 GMT

Market Briefing
23 Jul 2014 09:22 GMT
Decline in API inventories. DOE stats due today (Brent: $107.3).

OW Risk Management Report
23 Jul 2014 08:58 GMT

Site preparation begins at Puerto La Cruz refinery
23 Jul 2014 06:58 GMT
Puerto La Cruz Refinery Deep Conversion Project is scheduled to be completed within 12 months.

Singapore Market Commentary (with evening update)
23 Jul 2014 06:18 GMT

Goldman Sachs buys stake in Petlim port
22 Jul 2014 16:56 GMT
Investment banking firm secures 30 percent share in Turkey's largest integrated port for $250 million.

Aegean appoints Director of Strategic Development
22 Jul 2014 15:22 GMT
Experienced bunker professional joins Aegean Marine Petroleum's New York operation.

ICS calls for harmonised port state control in ECAs
22 Jul 2014 13:35 GMT
Association is concerned that governments are not prepared to implement new regulations in a uniform manner, in order to prevent a 'potentially serious' market distortion.

'First' ethane-powered ocean-going vessels ordered
22 Jul 2014 12:42 GMT
Ethane chosen as fuel in preference to heavy fuel oil (HFO) due to its more competitive pricing and because bunkering is 'significantly shorter'.

Global Vision Market Report
22 Jul 2014 11:11 GMT

OW Risk Management Report
22 Jul 2014 11:03 GMT

Rotterdam Market Report
22 Jul 2014 10:54 GMT

Market Briefing
22 Jul 2014 10:51 GMT
New deadline for nuclear talks (Brent: $107.9).

Singapore Market Commentary (with evening update)
22 Jul 2014 05:37 GMT

Green energy firm calls for clean tech innovation proposals
21 Jul 2014 14:12 GMT
Support programme to assist organizations with 'high-potential' projects.

LNG bunkering guidelines published
21 Jul 2014 13:31 GMT
Guidance released with the aim of speeding up the adoption of liquefied natural gas (LNG) as a marine fuel fuel by kick-starting the LNG bunker chain.

IBIA appoints events manager
21 Jul 2014 11:50 GMT
Stephen Hoare replaces Anna Trant, who resigned from IBIA in June.

Global Vision Market Report
21 Jul 2014 11:31 GMT

OW Risk Management Report
21 Jul 2014 11:03 GMT

Rotterdam Market Report
21 Jul 2014 10:49 GMT

Market Briefing
21 Jul 2014 10:28 GMT
Things heating up in the Middle East (Brent: $106.8).

Singapore Market Commentary (with evening update)
21 Jul 2014 06:31 GMT

Antwerp terminal increases bunker storage capacity ahead of 2015 ECA regulations
18 Jul 2014 19:53 GMT
An extra 5,000 cubic metres of capacity for the storage of distillates and heavy fuel oil has been added.

45% improvement in energy efficiency for Great Lakes bulker
18 Jul 2014 12:58 GMT
New bulk cargo ship has been designed to optimize fuel efficiency and operating performance.

Global Vision Market Report
18 Jul 2014 11:11 GMT

OW Risk Management Report
18 Jul 2014 10:58 GMT

Rotterdam Market Report
18 Jul 2014 10:48 GMT

Market Briefing
18 Jul 2014 10:41 GMT
Risk increases in Ukraine (Brent: $108.3).

Wärtsilä establishes JV with China State Shipbuilding Corporation
18 Jul 2014 07:13 GMT
Joint venture firm to manufacture medium and large bore medium speed diesel and dual-fuel engines.

Singapore Market Commentary (with evening update)
18 Jul 2014 06:36 GMT

Lloyd's Register to class three LNG-fuelled vessels
17 Jul 2014 14:23 GMT
Vessels to operate as dual-fuel, capable of using liquefied natural gas (LNG) or diesel fuel.

Global Vision Market Report
17 Jul 2014 13:02 GMT

Cockett opens office in Athens
17 Jul 2014 12:35 GMT
New office will be managed by experienced bunker professional Nellos Filopoulos.

Market Briefing
17 Jul 2014 11:34 GMT
Big draw on oil inventories (Brent: $107.2).

World Fuel Services to hold conference call and webcast
17 Jul 2014 11:17 GMT
Management team to discuss the company's second quarter results later this month.

Rotterdam Market Report
17 Jul 2014 11:11 GMT

OW Risk Management Report
17 Jul 2014 11:04 GMT

Singapore Market Commentary (with evening update)
17 Jul 2014 06:48 GMT

Singapore: Fifth decline in bunker sales in six months
16 Jul 2014 19:48 GMT
Most significant decrease since February as bunker sales fall to their lowest level since March.

Barge operator to announce Q2 results in July
16 Jul 2014 17:28 GMT
Oil transportation firm and barge operator Kirby Corporation will be announcing its second quarter results at the end of the month.

Report: Biofuels' share of US bunker and aviation market will surpass 6% by 2024
16 Jul 2014 15:33 GMT
Research firm predicts biofuels will make up 6.1% of the country's marine fuel and aviation and market within the next 10 years.

Gate Terminal awards EPC contract
16 Jul 2014 15:01 GMT
Contract covers engineering, procurement and construction (EPC) services for Gate Terminal's jetty, loading facilities, boil-off gas compressors, connection to the LNG terminal and other facilities.

Global Vision Market Report
16 Jul 2014 13:52 GMT

OW Risk Management Report
16 Jul 2014 13:41 GMT

Rotterdam Market Report
16 Jul 2014 13:32 GMT

Singapore Market Commentary (with evening update)
16 Jul 2014 07:18 GMT

Contract to build LNG bunkering vessel
15 Jul 2014 14:39 GMT
Vessel to be used for ship-to-ship transfers of liquefied natural gas (LNG) fuel at sea.

Wärtsilä agreement covers 80 dual-fuel engines
15 Jul 2014 13:34 GMT
Finnish firm signs technical management agreements that include condition-based maintenance (CBM) for 80 Wärtsilä 50DF dual-fuel engines over a five-year period.

Global Vision Market Report
15 Jul 2014 11:55 GMT

Bunker firm announces US staff changes
15 Jul 2014 11:01 GMT
Personnel changes include the appointment of new managing director in the United States.

OW Risk Management Report
15 Jul 2014 10:40 GMT

Singapore Market Commentary (with evening update)
15 Jul 2014 06:21 GMT

Law firm advising Dutch JV on LNG break bulk expansion
14 Jul 2014 16:01 GMT
New facility is expected to boost the use of liquefied natural gas (LNG) as a transportation fuel in the Netherlands and northwest Europe.

Praxis Market Update
14 Jul 2014 12:56 GMT

World Fuel Services to acquire Colt International
14 Jul 2014 12:42 GMT
Houston-based firm is a provider of contract fuel and international trip planning services for the aviation industry.

World's first green-ship equipment certification centre opens in Korea
14 Jul 2014 12:04 GMT
New centre has been set up to test, evaluate and certify green-ship equipment and to carry out R&D projects.

Global Vision Market Report
14 Jul 2014 11:31 GMT

OW Risk Management Report
14 Jul 2014 11:02 GMT

Rotterdam Market Report
14 Jul 2014 10:33 GMT

Singapore Market Commentary (with evening update)
14 Jul 2014 06:31 GMT

Meeting the emission challenge
14 Jul 2014 06:22 GMT
A look at scrubber technology and new advances.

Boston dry dock spill, 'no oil in water'
11 Jul 2014 14:55 GMT
Approximately 11,000 gallons of oil is said to be self-contained in dry dock with no oil in the water.

Construction of Hamburg's third cruise terminal under way
11 Jul 2014 13:31 GMT
Groundbreaking ceremony took place in Steinwerder last week.

Global Vision Market Report
11 Jul 2014 12:54 GMT

Alfa Laval's adaptive fuel line
11 Jul 2014 12:22 GMT
Alfa Laval says its adaptive fuel line puts operators in full control of fuel line processes and opportunities for energy optimization.

Praxis Market Update
11 Jul 2014 11:50 GMT

OW Risk Management Report
11 Jul 2014 10:48 GMT

Rotterdam Market Report
11 Jul 2014 10:32 GMT

Market Briefing
11 Jul 2014 10:28 GMT
Slight oil price increase (Brent: $108.3).

Compulsory acquisition notices issued to Pan European Terminals shareholders
11 Jul 2014 08:51 GMT
Delisting from the London Stock Exchange is expected to take place on 16 July.

Singapore Market Commentary (with evening update)
11 Jul 2014 06:21 GMT

Guy Campbell appointed Baltic Exchange Chairman, two new directors
10 Jul 2014 15:15 GMT
Guy Campbell replaces Quentin Soanes, who served as chairman from 2012.

Cutting fuel consumption by 12% with waste heat recovery system
10 Jul 2014 12:28 GMT
17 container ships are to use a waste heat recovery system that enables power to be generated with a lower overall fuel consumption.

OW Risk Management Report
10 Jul 2014 11:13 GMT

Global Vision Market Report
10 Jul 2014 10:37 GMT

Rotterdam Market Report
10 Jul 2014 10:33 GMT

Oil transportation firm acquires four VLCCs
10 Jul 2014 08:49 GMT
Vessels are expected to be delivered between Q3 2014 and Q2 2015.

Market Briefing
10 Jul 2014 08:14 GMT

Genco exits Chapter 11 bankruptcy protection
10 Jul 2014 06:18 GMT
Shipping firm says it has reduced debt by approximately $1.2 billion and received $100 million in new equity capital.

Singapore Market Commentary (with evening update)
10 Jul 2014 05:52 GMT

Refining and fuels marketing businesses acquired in Papua New Guinea
09 Jul 2014 17:28 GMT
Deal includes refining business and network of fuel terminals, retail service stations and aviation facilities.

Proposed Nicaragua canal route approved
09 Jul 2014 13:33 GMT
Committee approves 173-mile route linking the Atlantic and Pacific oceans.

ExxonMobil launches ExxonMobil Premium HDME 50 Marine Fuel
09 Jul 2014 12:25 GMT
New marine fuel is designed to help ship operators comply with the new ECA 0.1% sulphur limit set to be introduced in January.

Rotterdam Market Report
09 Jul 2014 11:35 GMT

Global Vision Market Report
09 Jul 2014 11:22 GMT

New office for Asian bunker firm
09 Jul 2014 11:05 GMT
Office telephone and fax numbers remain unchanged.

OW Risk Management Report
09 Jul 2014 10:41 GMT

Market Briefing
09 Jul 2014 07:14 GMT
Another drop in oil prices (Brent: $108.9).

Singapore Market Commentary (with evening update)
09 Jul 2014 07:04 GMT

EIB boosts development of sustainable sea transport between Norway and Denmark
08 Jul 2014 15:02 GMT
The European Investment Bank (EIB) is providing a EUR 124 million loan to the shipping company Fjord Line for the expansion of its fleet.

New Singapore office for Global Risk Management
08 Jul 2014 14:27 GMT
Global Risk Management moves to new office premises in Singapore.

Praxis Market Update
08 Jul 2014 13:41 GMT

Global Vision Market Report
08 Jul 2014 13:28 GMT

OW Risk Management Report
08 Jul 2014 13:18 GMT

DNV GL to explore risks at LNG bunkering and filling stations
08 Jul 2014 11:41 GMT
Project is expected to contribute to the development of safety standards and guidelines for small-scale LNG bunkering and filling stations.

Rotterdam Market Report
08 Jul 2014 11:35 GMT

Electrical package contract for world's first biogas ferry
08 Jul 2014 09:37 GMT
Vessel is expected to become the world's first ferry to operate on locally supplied biogas.

Market Briefing
08 Jul 2014 08:34 GMT

Singapore Market Commentary (with evening update)
08 Jul 2014 06:54 GMT

BC Ferries awards contract to build three LNG-fuelled vessels
07 Jul 2014 15:28 GMT
Vessels will be the first in BC Ferries' fleet to operate as dual-fuel, capable of using liquefied natural gas (LNG) or diesel fuel.

Bunker Index (BIX) statistical summary
07 Jul 2014 14:28 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

Dan-Bunkering employs office administrator in Singapore
07 Jul 2014 13:10 GMT
Dan-Bunkering's Singapore team now comprises 15 members of staff.

Global Vision Market Report
07 Jul 2014 12:42 GMT

Rotterdam Market Report
07 Jul 2014 12:18 GMT

MINs Control Systems and Eco Marine Power sign agreement
07 Jul 2014 11:44 GMT
MINs Control Systems Solution to sell and support Eco Marine Power's renewable energy solutions for shipping in Singapore and Myanmar.

OW Risk Management Report
07 Jul 2014 11:24 GMT

Market Briefing
07 Jul 2014 07:20 GMT
Improved situation in Ukraine and export expectations from Libya (Brent: $110.6).

Singapore Market Commentary
07 Jul 2014 06:42 GMT

Antwerp: New delayed coker unit to meet MGO demand
04 Jul 2014 13:53 GMT
A delayed coker unit is to be installed in Antwerp to meet the increase in demand for marine gas oil (MGO) in northwest Europe.

Stebbins in $2.47 million share sale
04 Jul 2014 12:51 GMT
Paul Stebbins, former CEO of World Fuel Services, has sold 50,000 company shares this week.

OW Risk Management Report
04 Jul 2014 12:21 GMT

Global Vision Market Report
04 Jul 2014 12:21 GMT

Rotterdam Market Report
04 Jul 2014 12:02 GMT

Project to develop first LNG-fuelled drillship
04 Jul 2014 07:24 GMT
A concept design has been developed and an analysis of the fuel gas supply system to be installed on the vessel has been carried out.

Market Briefing
04 Jul 2014 06:55 GMT
U.S. data and Libya oil output (Brent: $111.1).

Singapore Market Commentary (with evening update)
04 Jul 2014 06:18 GMT

LR to class energy-efficient ferry
03 Jul 2014 18:12 GMT
Ferry is to be built with an advanced energy management system operating principally on gas, but also with batteries, solar auxiliary power and the capability to run on diesel.

WTI vs BIX price comparison
03 Jul 2014 15:41 GMT
Analysis of WTI crude vs the BIX global bunker price.

Quarterly oil market report released
03 Jul 2014 15:12 GMT
Report looks at fundamentals, financials and geopolitical factors in quarterly oil market analysis.

Praxis Market Update
03 Jul 2014 14:02 GMT

Decision to develop LNG break bulk infrastructure in Rotterdam
03 Jul 2014 13:21 GMT
New facility is expected to boost the use of liquefied natural gas (LNG) as a transportation fuel in the Netherlands and northwest Europe.

Global Vision Market Report
03 Jul 2014 12:02 GMT

OW Risk Management Report
03 Jul 2014 11:53 GMT

Rotterdam Market Report
03 Jul 2014 11:31 GMT

Market Briefing
03 Jul 2014 11:04 GMT
Oil prices dip on improved Libyan supply outlook (Brent: $111).

Singapore Market Commentary (with evening update)
03 Jul 2014 06:26 GMT

Bunker director praised for making Entrepreneur of the Year Awards finals
02 Jul 2014 14:11 GMT
Company has 'gone from strength to strength' with managing director at the helm, according to bunker firm.

Brent vs BIX price comparison
02 Jul 2014 13:23 GMT
Analysis of Brent crude vs the BIX global bunker price.

Bunker price volatility at highest level since February
02 Jul 2014 13:08 GMT
Bunker price volatility analysis - June 2014.

Global Vision Market Report
02 Jul 2014 11:47 GMT

Praxis Market Update
02 Jul 2014 11:40 GMT

Rotterdam Market Report
02 Jul 2014 11:14 GMT

OW Risk Management Report
02 Jul 2014 10:55 GMT

Market Briefing
02 Jul 2014 08:58 GMT
Oil prices trading sideways on mixed news (Brent: $112.3).

New GAC yacht service also covers bunker fuels
02 Jul 2014 08:41 GMT
Newly formed GAC Greece Yachting Services is designed to cater for the needs of high-end leisure craft calling at the country's ports and marinas.

Singapore Market Commentary (with evening update)
02 Jul 2014 06:35 GMT

Global Vision Market Report
01 Jul 2014 12:48 GMT

Rotterdam 380 cSt average up $11 in June
01 Jul 2014 11:30 GMT
Rotterdam's monthly 380 cSt average rises to its highest level since September.

Praxis Market Update
01 Jul 2014 10:51 GMT

Highest monthly global bunker average in 9 months
01 Jul 2014 10:42 GMT
BIX monthly global bunker average rose by almost $5 per tonne during the month of June.

Rotterdam Market Report
01 Jul 2014 10:08 GMT

Varo Energy acquires OMV's stake in Bayernoil
01 Jul 2014 09:13 GMT
Based in Neustadt, Bayernoil is a refiner of crude oil and sells fuel oil, bitumen, gasoline and diesel.

Møller: Urgent preparation needed now for 2015 sulphur regulations
01 Jul 2014 07:09 GMT
Dynamic Oil Trading CEO calls on buyers to prepare now to ensure they are able to meet their supply requirements for ECA-compliant products.

Market Briefing
01 Jul 2014 06:57 GMT
Focus shifting back towards economic key data as supply concerns ease (Brent: $ 112.5).

Singapore Market Commentary (with evening update)
01 Jul 2014 06:36 GMT



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