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Home » News » News Archive - May 2016


News Archive - May 2016

Permit obtained for St Petersburg fuel terminal project
30 May 2016 14:35 GMT
Fuel terminal is expected to be handling up to 4-5 million tonnes of oil products per annum by 2020.

Praxis Market Update
30 May 2016 13:10 GMT
Market update from Praxis Energy Agents S.A.

Global Vision Market Report
30 May 2016 11:16 GMT
Market report from Global Vision Bunkers B.V.

Rotterdam Market Report
30 May 2016 10:52 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Owners should 'carefully perform due diligence' on bunker firms, says TransNav VP
30 May 2016 10:01 GMT
Morten Olsen Vind highlights the issue of potentially having to pay twice for the same fuel delivery.

OSV saves fuel with trim optimization tool
30 May 2016 08:17 GMT
Offshore supply vessel (OSV) consumed 4.3 percent less fuel over six-month period, according to study.

Market Briefing
30 May 2016 08:03 GMT
Slow start to the week, but heading for volatility on OPEC meeting.

Petrocosta to relaunch supply operation in Barranquilla and Santa Marta
30 May 2016 06:56 GMT
Colombian firm plans to start supplying again in both Atlantic coast ports after pulling out three years ago.

Singapore Market Commentary
30 May 2016 06:07 GMT
Market commentary from Wired Bunkering.

Praxis Market Update
27 May 2016 14:10 GMT
Market update from Praxis Energy Agents S.A.

Rotterdam Market Report
27 May 2016 12:48 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Global Vision Market Report
27 May 2016 13:08 GMT
Market report from Global Vision Bunkers B.V.

CSCL ships to be fitted with fuel-saving propeller
27 May 2016 12:55 GMT
Propeller order follows 'exhaustive' process of simulation tests.

Fuel oil stocks fall from record high in Singapore
27 May 2016 09:15 GMT
Inventories of residual fuels drop by over 2 million barrels in Asian bunker hub.

Market Briefing
27 May 2016 07:37 GMT
Oil above $50 - but ran out of steam and fell back (Brent: $49.2).

Nayada joins Russian bunker association
27 May 2016 07:21 GMT
Bunker firm carries out deliveries in a number of ports in Far East Russia.

World Fuel Services declares quarterly cash dividend
27 May 2016 06:29 GMT
Quarterly cash dividend is in line with the 60 percent increase implemented last year.

Singapore Market Commentary
27 May 2016 04:20 GMT
Market commentary from Wired Bunkering.

Praxis Market Update
26 May 2016 13:40 GMT
Market update from Praxis Energy Agents S.A.

Over 700,000 tonnes of fuel saved with electric propulsion system
26 May 2016 12:24 GMT
Azipod propulsion system is said to reduce fuel consumption by up to 20 percent.

Global Vision Market Report
26 May 2016 11:08 GMT
Market report from Global Vision Bunkers B.V.

Operators advised to 'wage war on soot' with post-combustion fuel treatment
26 May 2016 10:58 GMT
Post-combustion fuel treatment cuts vessel costs, inefficiency and risk, advises Wilhelmsen Ships Service.

Aegean Marine Petroleum earnings call summary
26 May 2016 10:08 GMT
Management team discusses key issues, including storage and delivery vessels, results in key markets and expected second-quarter volumes.

Rotterdam Market Report
26 May 2016 10:08 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Baltic Exchange and Singapore Exchange enter into exclusive discussions
26 May 2016 09:10 GMT
Exclusivity agreement signed. Baltic board to consult with stakeholders before making a final recommendation

Market Briefing
26 May 2016 08:31 GMT
Is 50 the new 40?

Singapore Market Commentary
26 May 2016 04:53 GMT
Market commentary from Wired Bunkering.

Praxis Market Update
25 May 2016 14:07 GMT
Market update from Praxis Energy Agents S.A.

Aegean revenue, net income down despite 31% jump in sales volumes
25 May 2016 13:08 GMT
Bunker supplier sold 4.2 million tonnes during the first three months of 2016.

Global Vision Market Report
25 May 2016 12:52 GMT
Market report from Global Vision Bunkers B.V.

Nanol 'proves' 2% fuel savings from lubricant additive
25 May 2016 11:37 GMT
Test on ro-ro cargo vessel was overseen by Lloyd's Register.

Dan-Bunkering enters into supply partnership in Colombia
25 May 2016 10:32 GMT
Danish firm expands its physical coverage in South America with supply agreement in the port of Cartagena.

LNG retrofit project selected for international trade fair
25 May 2016 10:08 GMT
Initiative consists of retrofitting a ro-pax vessel so that it can be powered by both diesel and LNG.

Rotterdam Market Report
25 May 2016 10:05 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Market Briefing
25 May 2016 07:48 GMT
API reports of huge draw in crude stocks - all eyes on EIA report (Brent: $49.2).

Singapore Market Commentary
25 May 2016 05:05 GMT
Market commentary from Wired Bunkering.

Rotterdam Market Report
24 May 2016 12:40 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Global Vision Market Report
24 May 2016 12:24 GMT
Market report from Global Vision Bunkers B.V.

'World's fastest electric commuter vessel' launched in Latvia
24 May 2016 10:50 GMT
Vessel is powered by a lithium-ion battery energy storage system.

Carnival fined for breaching Sydney's 0.1% sulphur limit
24 May 2016 08:53 GMT
Sulphur content of fuel sample is said to have been nearly three times higher than the permitted 0.1% limit.

Market Briefing
24 May 2016 07:13 GMT
Oil prices slightly lower on dollar, supply (Brent: $48).

Singapore Market Commentary
24 May 2016 05:11 GMT
Market commentary from Wired Bunkering.

New design for low-emission hybrid e-tug
23 May 2016 15:31 GMT
'Perfectly optimized' loading of the propulsion system is said to ensure low maintenance and fuel costs.

Praxis Market Update
23 May 2016 12:45 GMT
Market update from Praxis Energy Agents S.A.

Concord Energy to move ahead with second Fujairah terminal
23 May 2016 12:39 GMT
New UAE storage facility would have a total storage capacity of 1.1 million cubic metres.

Rotterdam Market Report
23 May 2016 11:54 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

'Breakthrough' order for PureNOx Prime
23 May 2016 11:39 GMT
Technology to be used on five VLECs operated by United Ethane Carriers (UEC).

Hybrid thruster delivers 'more power using less fuel'
23 May 2016 09:11 GMT
Fuel savings can be as high as 35%, says Caterpillar Marine.

Market Briefing
23 May 2016 08:23 GMT
Is the period of shale oil rig closures coming to an end? (Brent: $48.2).

Singapore Market Commentary
23 May 2016 07:08 GMT
Market commentary from Wired Bunkering.

Praxis Market Update
20 May 2016 13:20 GMT
Market update from Praxis Energy Agents S.A.

APL cuts CO2 emissions by 45%
20 May 2016 11:33 GMT
In 2015, APL achieved its highest carbon dioxide emissions reduction in the last six years.

Global Vision Market Report
20 May 2016 11:17 GMT
Market report from Global Vision Bunkers B.V.

Teekay: oil supports tanker demand, higher bunker prices hit tanker rates
20 May 2016 11:04 GMT
CEO points out that the recent rise in bunker prices has been a key factor that has contributed towards the decline in Q1 spot tanker rates.

Rotterdam Market Report
20 May 2016 09:50 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Socar vessel starts refuelling in Ukraine
20 May 2016 09:43 GMT
The Baku-1 will be supplying yachts, cruisers and boats on the Dnieper River.

Aegean Marine Petroleum elects directors
20 May 2016 08:35 GMT
Yiannis N. Papanicolaou and Konstantinos D. Koutsomitopoulos to serve as directors until 2019.

Market Briefing
20 May 2016 07:55 GMT
Oil back to testing $50 levels.

Singapore Market Commentary
20 May 2016 04:48 GMT
Market commentary from Wired Bunkering.

Gazpromneft Marine Bunker starts ninth season of cooperation with Royal Caribbean
19 May 2016 14:04 GMT
Russian firm carries out its first bunker delivery of the 2016 cruise season to Miami-headquatered ship operator.

Petronas vessels to cut fuel costs with antifouling solution
19 May 2016 12:26 GMT
Antifouling coatings are to be applied to two LNG ships in a move designed to reduce fuel costs and increase efficiency.

Global Vision Market Report
19 May 2016 12:24 GMT
Market report from Global Vision Bunkers B.V.

Carnival brands 'well represented' at Green Gateway Awards
19 May 2016 11:28 GMT
Carnival Cruise Line, Holland America Line and Princess Cruises each won awards at annual Port of Seattle ceremony

New Assistant Risk Manager at Global Risk Management
19 May 2016 10:58 GMT
Bahn Eriksen joins the company's head office in Middelfart, Denmark.

Rotterdam Market Report
19 May 2016 10:02 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Market Briefing
19 May 2016 08:24 GMT
Oil slips on higher dollar, mixed oil stocks report (Brent: $47.8).

Singapore Market Commentary
19 May 2016 05:43 GMT
Market commentary from Wired Bunkering.

Global Vision Market Report
18 May 2016 12:52 GMT
Market report from Global Vision Bunkers B.V.

Hapag-Lloyd BAF up 50% since March
18 May 2016 12:45 GMT
Shipping line announces second successive BAF increase for containerised shipments from North East Asia to Australia.

Rotterdam Market Report
18 May 2016 12:43 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

WWL limits at-berth sulphur emissions to less than 0.1% worldwide
18 May 2016 10:09 GMT
New company policy means all WWL's vessels will either switch to marine gas oil (MGO) or use scrubber technology.

Eniram opens office in central London
18 May 2016 08:54 GMT
Provider of fuel-saving technology launches office 'in the heart of the London shipping community'.

Market Briefing
18 May 2016 08:09 GMT
All eyes on oil inventories (Brent: $49.2).

Cockett Marine Oil names new CEO
18 May 2016 07:28 GMT
Cem Saral is to assume his new role on September 1, succeeding Karl Beeson.

Singapore Market Commentary
18 May 2016 04:44 GMT
Market commentary from Wired Bunkering.

Global Vision Market Report
17 May 2016 12:13 GMT
Market report from Global Vision Bunkers B.V.

New York records rise in clean vessel calls
17 May 2016 11:13 GMT
Increase in the number of calls by ships qualifying for the port's Clean Vessel Incentive (CVI) Program.

Mobil fined $288,000 for Tauranga bunker spill
17 May 2016 10:27 GMT
Supplier apologizes for spill incident involving a corroded pipe during a fuel transfer operation.

MSC announces bunker charges
17 May 2016 08:23 GMT
Bunker contribution (BUC) charges from North Europe to South Africa, and for Canary Islands southbound and northbound trade.

Market Briefing
17 May 2016 07:52 GMT
Will we see Brent above $50 today?

Singapore Market Commentary
17 May 2016 05:04 GMT
Market commentary from Wired Bunkering.

Preem and Beowulf Energy in sulphur reduction project tie-up
16 May 2016 14:07 GMT
Companies are to examine the potential for establishing a new residue hydrocracker plant that would produce sulphur-free transportation fuels.

Praxis Market Update
16 May 2016 12:33 GMT
Market update from Praxis Energy Agents S.A.

Hamburg's first simultaneous LNG supply operation
16 May 2016 12:06 GMT
AIDAprima and AIDAsol were both supplied with power from LNG on May 14.

KPI Bridge Oil announces staff promotion
16 May 2016 10:04 GMT
Group Executive Assistant Dorthe Bendtsen is promoted to Group Business Support Manager.

Rotterdam Market Report
16 May 2016 09:57 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

More ship operators relying on oil condition monitoring, says Shell
16 May 2016 09:10 GMT
Oil major says it has analysed over 50,000 cylinder drain oil samples via its Rapid Lubricants Analysis (RLA) service.

Singapore Market Commentary
16 May 2016 05:15 GMT
Market commentary from Wired Bunkering.

Praxis Market Update
13 May 2016 13:55 GMT
Market update from Praxis Energy Agents S.A.

Dan-Bunkering trader moves to Connecticut
13 May 2016 11:41 GMT
Kasper Rosenberg has transferred from Dan-Bunkering's head office in Denmark to Stamford, United States.

Singapore 380 cSt weekly price summary
13 May 2016 11:33 GMT
A summary of weekly Singapore 380 centistoke (cSt) prices.

Global Vision Market Report
13 May 2016 11:13 GMT
Market report from Global Vision Bunkers B.V.

Rotterdam Market Report
13 May 2016 10:07 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

IBIA calls for industry-wide cooperation to develop 'fair and fully understood' sales terms
13 May 2016 09:38 GMT
Association calls for the industry to 'think innovatively' to overcome the situation that has arisen as a result of the OW Bunker collapse.

Hose-in-hose LNG transfer system 'revolutionary', says Trelleborg
13 May 2016 08:55 GMT
System is said to improve safety, lower costs and improve access to low-emission LNG fuel.

Market Briefing
13 May 2016 08:20 GMT
Demand growth, supply outages support prices (Brent: $47.9).

Singapore Market Commentary
13 May 2016 04:19 GMT
Market commentary from Wired Bunkering.

Praxis Market Update
12 May 2016 13:48 GMT
Market update from Praxis Energy Agents S.A.

AkzoNobel awards first carbon credits to Greek shipowner
12 May 2016 10:48 GMT
Scheme rewards shipowners for converting to sustainable hull coatings.

Rotterdam Market Report
12 May 2016 10:17 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Shell deploys third LNG-fuelled OSV in Gulf of Mexico
12 May 2016 10:01 GMT
The Harvey Liberty joins its two sister ships to support Shell's deep-water operations in the Gulf of Mexico.

Ultrapetrol announces extension of forbearance agreements with lenders
12 May 2016 09:21 GMT
Company reaches agreement to extend its existing forbearance agreements up until May 31.

Bomin appoints regional manager for Middle East and Africa
12 May 2016 08:22 GMT
Ex-BP Middle East Vice President, Andrew Laven, will be based in Dubai.

Market Briefing
12 May 2016 07:17 GMT
Oil jumps on bullish oil inventory report (Brent: $47.5).

Singapore Market Commentary
12 May 2016 04:48 GMT
Market commentary from Wired Bunkering.

Global Vision Market Report
11 May 2016 11:47 GMT
Market report from Global Vision Bunkers B.V.

LNG-conversion-ready tanker christened
11 May 2016 11:01 GMT
Vessel is the third of a five-tanker contract between General Dynamics NASSCO and American Petroleum Tankers.

Rotterdam Market Report
11 May 2016 10:24 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

UK's first dual-fuel ships to be built in Glasgow
11 May 2016 09:36 GMT
Ro-ro passenger ferries to be fitted with engines capable of operating on either LNG or conventional diesel fuels.

World Fuel Services CEO in $1.4m share sale
11 May 2016 08:37 GMT
Michael J. Kasbar sold over 31,000 company shares at a weighted average sale price of $46.53.

Aegean to hold Q1 earnings call in May
11 May 2016 07:52 GMT
Bunker firm's earnings call to take place after the announcement of its Q1 results.

Market Briefing
11 May 2016 07:25 GMT
Intraday volatility continues (Brent: $45.5).

Singapore Market Commentary
11 May 2016 05:03 GMT
Market commentary from Wired Bunkering.

Praxis Market Update
10 May 2016 13:40 GMT
Market update from Praxis Energy Agents S.A.

AIDAprima completes full LNG test run
10 May 2016 10:47 GMT
Vessel is world's first cruise ship that can be operated on LNG whilst in port.

Ecoslops signs long-term supply contract with Soprema
10 May 2016 10:15 GMT
Agreement is described as 'a major step for Ecoslops'.

Distillate supplies could match demand for global ECA, says consultancy
10 May 2016 11:04 GMT
Fears of a distillate shortage 'could be misguided', according to 20|20 Marine Energy.

LNG-ready product tanker christened in New Orleans
10 May 2016 08:21 GMT
Crowley Maritime has the option to convert the tanker to LNG propulsion in the future.

Market Briefing
10 May 2016 07:39 GMT
Oil prices drop as markets eye inventory reports (Brent: $44.3).

Singapore Market Commentary
10 May 2016 05:36 GMT
Market commentary from Wired Bunkering.

Global Vision Market Report
09 May 2016 14:30 GMT
Market report from Global Vision Bunkers B.V.

Rotterdam Market Report
09 May 2016 14:15 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Praxis Market Update
09 May 2016 13:45 GMT
Market update from Praxis Energy Agents S.A.

Dan-Bunkering hires trader in Singapore
09 May 2016 13:29 GMT
New appointment Brenda Lim is described as having 'solid experience within ship broking'.

Rotterdam 380 cSt weekly price summary
09 May 2016 10:22 GMT
A summary of Rotterdam 380 centistoke (cSt) prices in week 18.

Fujairah 380 cSt weekly price summary
09 May 2016 09:25 GMT
A summary of weekly Fujairah 380 centistoke (cSt) prices.

Singapore 380 cSt weekly price summary
09 May 2016 08:57 GMT
A summary of weekly Singapore 380 centistoke (cSt) prices.

Market Briefing
09 May 2016 07:37 GMT
Wildfire, Saudi reshuffle and Chinese data (Brent: $45.7).

Singapore Market Commentary
09 May 2016 06:30 GMT
Market commentary from Wired Bunkering.

Global Vision Market Report
06 May 2016 10:38 GMT
Market report from Global Vision Bunkers B.V.

Rotterdam Market Report
06 May 2016 10:12 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Australia's shift to LNG marine fuel 'still a way off'
06 May 2016 09:51 GMT
Environmental regulations, government support and low crude prices are said to be the key issues slowing down Australia's transition to LNG bunker fuel.

Gard issues emergency fuel recommendations
06 May 2016 09:18 GMT
P&I Club recommends the use of DMX fuel to avoid emergency equipment failure.

IBIA develops standard operating procedures for surveyors
06 May 2016 08:28 GMT
Guidelines developed to support new regulatory requirements and to standardize bunker deliveries with a mass flow meter.

Market Briefing
06 May 2016 08:22 GMT
Pay(roll) day (Brent: $44.9).

Singapore Market Commentary
06 May 2016 08:15 GMT
Market commentary from Wired Bunkering.

Nominations open for first Wind Propulsion Awards
06 May 2016 07:29 GMT
Awards ceremony is due to be held at SMM 2016 in September.

Lukoil Marine Lubricants launches barge in Singapore
05 May 2016 10:41 GMT
Barge is the company's third delivery vessel in the port of Singapore.

Maersk Line posts 95% decline in Q1 profit as bunker costs plummet
05 May 2016 09:24 GMT
The average bunker price paid was 50% lower than during the first quarter of 2015.

Singapore MGO vs ICE Gas Oil in April
05 May 2016 08:44 GMT
Analysis of Singapore marine gas oil (MGO) and ICE Gas Oil prices last month.

WTI vs BIX price comparison
05 May 2016 07:53 GMT
Analysis of WTI crude vs the BIX global bunker price during the month of April.

Market Briefing
05 May 2016 07:22 GMT
Oil trading sideways with intraday volatility ($45.5).

Singapore Market Commentary
05 May 2016 06:23 GMT
Market commentary from Wired Bunkering.

Praxis Market Update
04 May 2016 15:20 GMT
Market update from Praxis Energy Agents S.A.

Brent vs BIX price comparison
04 May 2016 12:55 GMT
Analysis of Brent crude vs the BIX global bunker price in April.

Global Vision Market Report
04 May 2016 11:07 GMT
Market report from Global Vision Bunkers B.V.

WSS: 'One-stop shop' bunkering delivers better quality, efficiency and value
04 May 2016 10:46 GMT
Norwegian firm says its global Bunker Service Agreements minimize delay and maximize value and operational performance.

Rotterdam Market Report
04 May 2016 10:31 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

GTT signs LNG barge training programme
04 May 2016 10:04 GMT
Contract signed with owner TOTE to develop a training programme for the tug and LNG bunker barge crew.

Market Briefing
04 May 2016 09:43 GMT
Oil prices continue the downward trend (Brent: $44.9).

Bahia Blanca refinery sold in Petrobras Argentina divestment
04 May 2016 08:53 GMT
Refinery has been used by Petrobras as a source for the delivery of marine fuel products in Bahia Blanca.

Singapore Market Commentary
04 May 2016 06:02 GMT
Market commentary from Wired Bunkering.

Praxis Market Update
03 May 2016 14:50 GMT
Market update from Praxis Energy Agents S.A.

Global Vision Market Report
03 May 2016 10:57 GMT
Market report from Global Vision Bunkers B.V.

Hapag-Lloyd revises Latin America bunker charges
03 May 2016 10:55 GMT
Surcharges are effective from June 1.

Couche-Tard completes acquisition of Dansk Fuels
03 May 2016 10:33 GMT
Shell business sold for approximately $300 million, including working capital.

Rotterdam Market Report
03 May 2016 10:12 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Ecoslops signs incentive agreement for waste disposal
03 May 2016 09:49 GMT
Ecoslops to provide a 25 percent discount to all Green Award-certified ships

Market Briefing
03 May 2016 09:47 GMT
Oil slightly down, but supported by weaker dollar (Brent: $46.0).

Rotterdam 380 cSt up in 3 straight months for first time since Sep 2012
03 May 2016 09:15 GMT
Europe's biggest bunker port records highest 380 cSt average in five months.

Singapore Market Commentary
03 May 2016 05:49 GMT
Market commentary from Wired Bunkering.

Biggest jump in Fujairah 380 cSt average since May
02 May 2016 11:09 GMT
380 cSt monthly average rose 12.9 percent in April at the Middle East's leading bunker port.

Global Vision Market Report
02 May 2016 10:48 GMT
Market report from Global Vision Bunkers B.V.

Singapore 380 cSt average up 8.5% in April
02 May 2016 10:28 GMT
Average 380 cSt price rose to its highest level in five months at the world's leading bunker port.

Rotterdam Market Report
02 May 2016 10:06 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Bunker price volatility at 3-month high in April
02 May 2016 09:55 GMT
A difference of $33.43 between the lowest and highest daily global average in April.

Global bunker average up 2.8% in April
02 May 2016 09:28 GMT
Bunker Index (BIX) average rose to its highest level since December last month.

Market Briefing
02 May 2016 08:39 GMT
Oil slightly down on OPEC supply and Chinese data (Brent: $46.9).



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