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Home » News » News Archive - February 2015


News Archive - February 2015

Kinder Morgan completes acquisition of terminals and land
27 Feb 2015 18:07 GMT
Company buys two terminals in North Carolina and one in Texas. Plot of land is located in New Jersey.

ReCAAP: No successful fuel siphoning incidents between November and January
27 Feb 2015 14:04 GMT
Timely reporting, vigilance, enhanced enforcement and speedy responses are said to be the key reasons why no successful fuel siphonings were reported.

LNG-fuelled ferry contract signed
27 Feb 2015 12:17 GMT
New vessel is to be built in Finland and is scheduled for delivery in 2017.

Rotterdam Market Report
27 Feb 2015 11:34 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Global Vision Market Report
27 Feb 2015 11:25 GMT
Market report from Global Vision Bunkers B.V.

Vopak net profit down 21% in 2014
27 Feb 2015 10:55 GMT
Terminal operator achieved a net profit of EUR 247.1 million in 2014. Revenues rose by 2% to EUR 1,322.5 million.

Market Briefing
27 Feb 2015 08:34 GMT
Oil prices stay above $61 on hopes and fears.

Singapore Market Commentary
27 Feb 2015 07:53 GMT
Market commentary from Wired Bunkering.

Port of Huelva plans to develop LNG bunkering infrastructure
26 Feb 2015 17:19 GMT
Spanish port to invest in the development of an infrastructure for the delivery of LNG to ships and the export of gas.

Low oil and bunker prices to drive LPG shipping profits
26 Feb 2015 15:13 GMT
LPG shipping earnings are forecast to remain strong due to low oil prices, says consultancy Drewry.

Bunker boost for Busan: port on course to break throughput record, cruise ship calls up
26 Feb 2015 13:32 GMT
2015 bodes well for bunker volumes in Busan as port is on track to achieve annual throughput record and cruise ship calls are rising.

Global Vision Market Report
26 Feb 2015 11:08 GMT
Market report from Global Vision Bunkers B.V.

Rotterdam Market Report
26 Feb 2015 10:58 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Contract to build North America's first dedicated LNG bunker barge
26 Feb 2015 10:24 GMT
Vessel is expected to be deployed in Tacoma and Jacksonville, with delivery expected in early 2016.

Market Briefing
26 Feb 2015 08:38 GMT
Oil prices increase after Saudi comments; solid U.S. home sales data.

Singapore Market Commentary
26 Feb 2015 08:29 GMT
Market commentary from Wired Bunkering.

KPI Bridge Oil names sales manager in Singapore
25 Feb 2015 18:05 GMT
Jesper Sorensen is described as being a 'strong contributor' to the company's growth during his 10 years at KPI Bridge Oil.

Praxis Market Update
25 Feb 2015 15:18 GMT
Market update from Praxis Energy Agents S.A.

Global Vision Market Report
25 Feb 2015 15:11 GMT
Market report from Global Vision Bunkers B.V.

Rotterdam Market Report
25 Feb 2015 15:03 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

MPA circular on revised standards in Singapore
25 Feb 2015 14:41 GMT
Revised standards are designed to improve consistency in the delivery of bunkers at the port of Singapore.

System reliquifies 100% of boil-off gas for use as marine fuel
25 Feb 2015 10:38 GMT
Developer claims LNG carriers could save up to 50% in fuel costs.

Market Briefing
25 Feb 2015 08:48 GMT
Another huge build in crude oil stocks (Brent: $58.7).

Singapore Market Commentary
25 Feb 2015 07:51 GMT
Market commentary from Wired Bunkering.

IBIA regional forum opens in Gibraltar
25 Feb 2015 07:28 GMT
Forum includes formal presentations, a basic bunkering course and a programme of social events.

Praxis Market Update
24 Feb 2015 13:34 GMT
Market update from Praxis Energy Agents S.A.

Global Vision Market Report
24 Feb 2015 13:30 GMT
Market report from Global Vision Bunkers B.V.

Rotterdam Market Report
24 Feb 2015 13:15 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Oil price decline 'should not impact on dual-fuel LNG carriers'
24 Feb 2015 12:56 GMT
Lawyer says dual-fuel technology 'still makes sense' despite the recent decrease in oil prices.

Stebbins in $2.7 million share sale
24 Feb 2015 12:16 GMT
Paul Stebbins, former CEO of World Fuel Services, sold 50,000 company shares last week.

Glander International Bunkering hires trader in Geneva
24 Feb 2015 11:13 GMT
Benedict Barlow is appointed bunker and lubricant trader at the company's office in Switzerland.

Dan-Bunkering's expansion in South America
24 Feb 2015 09:16 GMT
Bunker company has launched operations in Chile and Uruguay since the start of the year.

Market Briefing
24 Feb 2015 08:43 GMT
Yellen, Greece and oil stocks (Brent: $58.6).

Singapore Market Commentary
24 Feb 2015 07:27 GMT
Market commentary from Wired Bunkering.

Amarcon to supply fuel monitoring systems to 12 Pioneer Marine vessels
23 Feb 2015 18:31 GMT
Newbuild vessels are scheduled to be delivered in 2015 and 2016.

Environment a 'core priority' for producer of world's smallest scrubber
23 Feb 2015 13:19 GMT
Producer says its scrubber is 'unique' as it is custom built and has been specifically developed for the marine industry.

Global Vision Market Report
23 Feb 2015 11:57 GMT
Market report from Global Vision Bunkers B.V.

Rotterdam Market Report
23 Feb 2015 11:51 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Gulf Petrochem commissions first phase of Pipavav terminal project
23 Feb 2015 11:28 GMT
Second phase is to be commissioned by mid-March, says company.

Qalaa Holdings considers increased investment in bunkering
23 Feb 2015 10:06 GMT
Egyptian firm says it is considering selling its food businesses and investing more in the bunker industry.

Market Briefing
23 Feb 2015 09:31 GMT
Greece, Ukraine and refinery workers' strike (Brent: $59.6).

Singapore bunker sales reach 9-month high
20 Feb 2015 15:38 GMT
Sales volumes rose by 2.9 percent in January to their second-highest level since December 2013.

Record volumes of low-sulphur fuel supplied in Gothenburg
20 Feb 2015 12:05 GMT
EU Sulphur Directive has led to record volumes of low-sulphur fuel being sold in Gothenburg, according to reports.

Rotterdam Market Report
20 Feb 2015 11:53 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Global Vision Market Report
20 Feb 2015 11:37 GMT
Market report from Global Vision Bunkers B.V.

New structure at Dan-Bunkering (America) Inc.
20 Feb 2015 11:05 GMT
Jim Jensen is promoted to the role of commercial director and two additional traders are hired.

Aegean to hold earnings call in March
20 Feb 2015 10:08 GMT
Aegean Marine Petroleum to hold conference call and webcast following the announcement of its Q4 results.

Market Briefing
20 Feb 2015 09:13 GMT
Record-high U.S. oil inventories.

Praxis Market Update
19 Feb 2015 13:42 GMT
Market update from Praxis Energy Agents S.A.

Rotterdam Market Report
19 Feb 2015 13:34 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Eric Raets joins Marine Bunkering
19 Feb 2015 13:22 GMT
Experienced bunker professional is due to begin working for the company on Monday, March 2.

DNV GL welcomes MSC Oscar with fuel-saving features
19 Feb 2015 12:18 GMT
The world's largest containership has been designed with a number of efficiency-enhancing features.

Global Vision Market Report
19 Feb 2015 11:48 GMT
Market report from Global Vision Bunkers B.V.

KOWEPO buys 90,000 tonnes of fuel oil
19 Feb 2015 11:23 GMT
Two 45,000-tonne cargoes are scheduled for delivery between March 20 and April 3.

Ex-OW manager named team leader at Glander International Bunkering Mumbai
19 Feb 2015 10:34 GMT
Sumit Dhawan was previously employed as branch manager at OW Bunker's Mumbai office.

Market Briefing
19 Feb 2015 08:55 GMT
Oil price drops on increasing crude stocks and Chinese New Year ($59.6).

Gulf Petrochem buys Essar Oil's Kenyan operations
18 Feb 2015 16:08 GMT
UAE firm has acquired Essar Oil's marketing licence and retail outlets in Kenya, according to reports.

Rubis offers to buy Reunion Island petroleum business
18 Feb 2015 14:33 GMT
Shareholders Shell and Total are said to have accepted to open an exclusive period of negotiation.

Propulsion system chosen for new hybrid ferry
18 Feb 2015 12:43 GMT
New ferry combines a diesel-electric propulsion system with lithium-ion batteries.

Rotterdam Market Report
18 Feb 2015 12:12 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Global Vision Market Report
18 Feb 2015 10:58 GMT
Market report from Global Vision Bunkers B.V.

Glander International Bunkering hires experienced trader
18 Feb 2015 10:11 GMT
Shahid Malik has previously worked for OW Bunker, Steadfast Bunkering Services and Faisal Marine Oil Services.

Market Briefing
18 Feb 2015 08:05 GMT
Oil steady - weekly oil inventory data coming up.

Singapore Market Commentary
18 Feb 2015 07:51 GMT
Market commentary from Wired Bunkering.

Costs of low-sulphur fuel regulation offset by falling fuel prices - Drewry
17 Feb 2015 17:34 GMT
New marine fuel pollution regulations have had little effect on costs since their implementation in January, says consultancy.

ClassNK and MPA sign sustainability and safety MoU
17 Feb 2015 13:14 GMT
Joint R&D projects are to focus on enhancing ship safety and environmental sustainability.

Global Vision Market Report
17 Feb 2015 12:42 GMT
Market report from Global Vision Bunkers B.V.

Rotterdam Market Report
17 Feb 2015 11:48 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

First order for in-line closed-loop scrubber system
17 Feb 2015 10:12 GMT
Scrubbers are scheduled to be installed on two Stena Line ferries in 2015 and 2016.

Bureau Veritas wins Canadian gas fuel contracts
17 Feb 2015 09:32 GMT
Two ro-ro cargo ferries are to be built for Canadian shipping firms.

Market Briefing
17 Feb 2015 08:36 GMT
Oil prices slightly up on geopolitics and OPEC optimism (Brent: $62).

Singapore Market Commentary
17 Feb 2015 08:31 GMT
Market commentary from Wired Bunkering.

KPI Bridge Oil announces staff promotion
16 Feb 2015 18:22 GMT
Thomas Lee is promoted to the role of team leader in Singapore.

Wartsila and Cryonorm to supply LNG systems to inland waterway market
16 Feb 2015 16:25 GMT
Agreement reached to supply LNGPac fuel system to inland waterway vessels.

Global Vision Market Report
16 Feb 2015 16:14 GMT
Market report from Global Vision Bunkers B.V.

Litgas and Statoil plan to start LNG bunkering operation
16 Feb 2015 14:27 GMT
Both parties plan to agree on the form of cooperation within the second quarter this year, according to Litgas.

Shipping must watch costs and risk exposure, says consultancy
16 Feb 2015 12:03 GMT
Maritime companies are advised to keep a close watch on costs and manage their exposure to risk.

Rotterdam Market Report
16 Feb 2015 11:04 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Market Briefing
16 Feb 2015 10:52 GMT
Oil sideways as Japan's economy improves, oil industry cuts spending (Brent: $61).

Singapore Market Commentary
16 Feb 2015 10:32 GMT
Market commentary from Wired Bunkering.

Wilh. Wilhelmsen Holding posts fourth quarter results
13 Feb 2015 16:41 GMT
Total Q4 income fell 4 percent quarter-on-quarter and 5 percent year-on-year.

Developing fuel-saving technology via partnerships
13 Feb 2015 13:09 GMT
Van der Velden has developed its fuel-efficient technology in collaboration with other specialists.

Global Vision Market Report
13 Feb 2015 11:28 GMT
Market report from Global Vision Bunkers B.V.

Tender to buy 830,000 tonnes of fuel oil
13 Feb 2015 11:08 GMT
HSFO and LSFO cargoes are required for delivery by May.

Rotterdam Market Report
13 Feb 2015 10:10 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

World Fuel Services posts record Q4 and full-year earnings
13 Feb 2015 09:55 GMT
Company records $221.7 million full-year net income. Marine division achieves 16.1% rise in gross profit.

Singapore Market Commentary
13 Feb 2015 09:12 GMT
Market commentary from Wired Bunkering.

Market Briefing
13 Feb 2015 09:08 GMT

Odfjell will have 'limited benefits' from falling bunker prices in 2015
12 Feb 2015 17:33 GMT
Company has hedged around half of its expected 2015 bunker consumption at an average rate of $525 per tonne.

Global Vision Market Report
12 Feb 2015 12:46 GMT
Market report from Global Vision Bunkers B.V.

Rotterdam Market Report
12 Feb 2015 12:42 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

GAC Bunker Fuels expands Singapore team
12 Feb 2015 12:21 GMT
The appointment of Rafe Liam brings the GAC Bunker Fuels global team to 34 in total.

Tankoil and Hong Fatt Oil Trading have bunker licences cancelled
12 Feb 2015 11:55 GMT
MPA says investigations revealed 'discrepancies and wrongful declarations' in the records kept on board their vessels.

Glander International Bunkering hires Vietnamese trader
12 Feb 2015 11:17 GMT
Jacky Nguyen was previously a bunker trader at OW Bunker in Singapore.

Market Briefing
12 Feb 2015 10:18 GMT
U.S. crude stocks rise again.

Singapore Market Commentary
12 Feb 2015 09:55 GMT
Market commentary from Wired Bunkering.

VTTI Energy Partners posts 48% decline in net income
11 Feb 2015 20:38 GMT
CEO says 'growth strategy remains on track'.

Global bunker average set to fall for first time this month
11 Feb 2015 12:26 GMT
The BIX global average rose for the seventh consecutive day on Tuesday, but lower price levels have been quoted today in key European, Asian and African ports.

Global Vision Market Report
11 Feb 2015 11:31 GMT
Market report from Global Vision Bunkers B.V.

Order for 30 dual-fuel engines
11 Feb 2015 11:25 GMT
Engines are to primarily utilize LNG as fuel, but are also capable of running on conventional marine diesel fuels.

Rotterdam Market Report
11 Feb 2015 10:46 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Glander International Bunkering hires ex-OW trader in India
11 Feb 2015 09:50 GMT
Abhinav Chaturvedi was previously a trader at OW Bunker India.

Market Briefing
11 Feb 2015 08:18 GMT
Oil inventories and fight for market share (Brent: $56.8).

Singapore Market Commentary
11 Feb 2015 08:08 GMT
Market commentary from Wired Bunkering.

OW Bunker Far East strikes recovery deal
10 Feb 2015 16:02 GMT
KPMG and PWC are to work with OW Bunker Far East to recover outstanding debts of $330 million.

Glander International Bunkering hires Dubai-based trader
10 Feb 2015 15:25 GMT
Carina Baekkegaard previously worked in Dubai for Royalty Petroleum Trading FZE.

Marine fuel quality improving, says IBIA chairman
10 Feb 2015 14:46 GMT
Test results are said to show that off-spec samples have declined to 8 percent in 2015.

Global Vision Market Report
10 Feb 2015 14:18 GMT
Market report from Global Vision Bunkers B.V.

Rotterdam Market Report
10 Feb 2015 14:11 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

COSCO ships to be powered by engines with 2-700 cSt viscosity range
10 Feb 2015 10:53 GMT
Engine is designed to operate on fuels with a viscosity ranging from 2.0 cSt to 700 cSt at 50 degrees centigrade.

Market Briefing
10 Feb 2015 08:58 GMT
Chinese data disappoints, Ukraine and Greece in the headlines (Brent: $57.6).

Singapore Market Commentary
10 Feb 2015 08:46 GMT
Market commentary from Wired Bunkering.

Harvey Gulf becomes first North American OSV operator to bunker LNG
09 Feb 2015 19:38 GMT
New Orleans marine transportation company announces first bunkering of an offshore support vessel with liquefied natural gas as a marine fuel in North America.

Global Vision Market Report
09 Feb 2015 11:51 GMT
Market report from Global Vision Bunkers B.V.

Opet intends to close Singapore fuel oil operation
09 Feb 2015 11:20 GMT
Trading counterparties are reported to have been contacted by Opet to close their trading accounts.

Rotterdam Market Report
09 Feb 2015 10:38 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Shell LNG bunker vessel to be powered by 20DF engines
09 Feb 2015 10:20 GMT
Vessel is to be used to carry out deliveries in northwest Europe.

Aegean launches new marketing and trading division
09 Feb 2015 09:32 GMT
Experienced team of traders based in Greece, Germany, Russia and Singapore.

Market Briefing
09 Feb 2015 08:55 GMT
Prices steady, but volatility remains high (Brent: $ 57.6).

Singapore Market Commentary
09 Feb 2015 08:48 GMT
Market commentary from Wired Bunkering.

Air lubrication system could save more than 5% in bunker costs
06 Feb 2015 12:55 GMT
Silverstream Technologies and Shell announce 'successful' trials of a new friction-reducing air lubrication system.

Global Vision Market Report
06 Feb 2015 11:35 GMT
Market report from Global Vision Bunkers B.V.

Singapore MGO vs ICE Gas Oil
06 Feb 2015 11:18 GMT
Analysis of Singapore marine gas oil (MGO) and ICE Gas Oil prices.

Rotterdam Market Report
06 Feb 2015 10:28 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Carnival recognized for saving fuel and reducing emissions
06 Feb 2015 10:11 GMT
Cruise operator wins 'Best Marine Solution' in recognition of its fuel-saving and emission reduction initiatives.

Aegean CEO to present at Florida events
06 Feb 2015 09:19 GMT
E. Nikolas Tavlarios is due to present at two transportation conferences in Florida next week.

Market Briefing
06 Feb 2015 08:41 GMT
Oil prices rebound - we are in for another volatile day.

Singapore Market Commentary
06 Feb 2015 07:56 GMT
Market commentary from Wired Bunkering.

'Major fuel consumption savings' with new general cargo ship
05 Feb 2015 14:57 GMT
Ship designer says fuel consumption is expected to be almost 50% lower than conventional dry cargo vessels of similar type and size.

Global Vision Market Report
05 Feb 2015 13:01 GMT
Market report from Global Vision Bunkers B.V.

Dual-fuel engine for world's first CNG carrier
05 Feb 2015 12:31 GMT
The main engine of Indonesia's first dual-fuel-powered vessel is to operate primarily on gas.

Rotterdam Market Report
05 Feb 2015 11:33 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Glander International Bunkering hires experienced trader
05 Feb 2015 11:05 GMT
Victoria Nektheden Johansen has worked for a number of bunker trading companies in Dubai and London.

Bunkers International offering 0.1% ECA fuel in Colombia
05 Feb 2015 10:23 GMT
Product is said to have a viscosity similar to a 30 cSt fuel at 50 degrees centigrade.

Market Briefing
05 Feb 2015 08:43 GMT
Oil prices drop sharply on another build in crude stocks (Brent: $57.5).

Singapore Market Commentary
05 Feb 2015 08:37 GMT
Market commentary from Wired Bunkering.

Singapore ex-wharf 500 cSt discounts rise
04 Feb 2015 18:40 GMT
February contracts for ex-wharf 500 cSt were at $5-7 per tonne below benchmark values, according to market sources.

WTI vs BIX price comparison
04 Feb 2015 14:10 GMT
Analysis of WTI crude vs the BIX global bunker price.

Bore Ltd orders scrubber system
04 Feb 2015 12:19 GMT
Exhaust gas cleaning system is to installed aboard the M/V Seagard to comply with ECA sulphur requirements.

Rotterdam Market Report
04 Feb 2015 11:12 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Global Vision Market Report
04 Feb 2015 11:03 GMT
Market report from Global Vision Bunkers B.V.

Experienced trader joins Glander International Bunkering
04 Feb 2015 09:29 GMT
Former OW Bunker trader Kristian Korsgaard Pedersen has over 16 years' experience in the marine fuels industry.

Market Briefing
04 Feb 2015 08:55 GMT
Build in oil inventories and drop in drilling rigs (Brent: $57.5).

Singapore Market Commentary
04 Feb 2015 08:41 GMT
Market commentary from Wired Bunkering.

Dan-Bunkering appoints general manager in Beijing
03 Feb 2015 16:16 GMT
Zhang Chao was previously employed as manager of OW Bunker's Beijing operation.

Brent drops more than global bunker average for seventh consecutive month
03 Feb 2015 14:15 GMT
Brent monthly average is down 55.6 percent since June whilst the global bunker average has fallen 37.7 percent.

World Fuel Services to hold Q4 and full-year earnings call
03 Feb 2015 12:22 GMT
Management team to discuss the company's fourth quarter and full-year results next week.

Glander International Bunkering appoints trader
03 Feb 2015 11:45 GMT
Latest appointment joins the company's trading team in Dubai.

Global Vision Market Report
03 Feb 2015 10:48 GMT
Market report from Global Vision Bunkers B.V.

Rotterdam Market Report
03 Feb 2015 10:43 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Market Briefing
03 Feb 2015 10:38 GMT
Oil prices keep trending up as geopolitics and drilling rigs take center stage.

Singapore Market Commentary
03 Feb 2015 10:28 GMT
Market commentary from Wired Bunkering.

BMS United Bunkers names sales and marketing manager
02 Feb 2015 11:35 GMT
Mikael Haestrup in new role as BMS United Bunkers confirms sales of 5.5 million tonnes in 2014.

Rotterdam Market Report
02 Feb 2015 10:41 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Dual-fuel engine granted type approval
02 Feb 2015 10:27 GMT
Engine operating on diesel fuel and LNG was granted type approval in just a couple of months.

Fourth consecutive month of high price volatility
02 Feb 2015 09:58 GMT
Bunker price volatility remained above $45 during the month of January.

Market Briefing
02 Feb 2015 09:31 GMT
Oil prices trending higher (Brent: $51.7).

Lowest monthly global bunker average since July 2009
02 Feb 2015 08:56 GMT
Global bunker average falls for the seventh consecutive month.

Singapore Market Commentary
02 Feb 2015 08:24 GMT
Market commentary from Wired Bunkering.



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