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Home » News » News Archive - July 2016

News Archive - July 2016

Singapore 380 cSt ends the month 16.6% lower than 30th June
29 Jul 2016 10:41 GMT
Singapore's best-selling bunker product is $43.00 lower than at the end of last month.

Rotterdam Market Report
29 Jul 2016 09:22 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Tacoma LNG bunkering facility tops meeting agenda
29 Jul 2016 08:34 GMT
Project to build an LNG bunkering facility in Tacoma's South Harbor is to be discussed in August meeting.

Market Briefing
29 Jul 2016 07:39 GMT
Oversupply, the common theme this month. Oil closes another 2% lower for the day.

EBIT up as most vessels used cheaper fuel, says Finnlines
29 Jul 2016 07:08 GMT
Q2 and H1 revenue down on bunker surcharge reduction.

Aegean to hold Q2 earnings call in August
29 Jul 2016 05:47 GMT
Bunker firm's earnings call to take place on the day of the announcement of its Q2 results.

Praxis Market Update
28 July 2016 14:55 GMT
Market update from Praxis Energy Agents S.A.

Rotterdam Market Report
28 Jul 2016 09:58 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Bureau Veritas hires Marine & Offshore Communications Director
28 Jul 2016 09:04 GMT
Nick Brown to take up the post from 2nd November.

Market Briefing
28 Jul 2016 08:40 GMT
Surprise build in crude oil (and larger than expected build in gasoline) inventories. Crude oil down 3%.

Marine results examined in World Fuel Services earnings call
28 Jul 2016 08:03 GMT
Management team discuss the company's performance in the second quarter.

Shipping must disclose or risk being exposed, says Moore Stephens
28 Jul 2016 07:02 GMT
Companies that don't adopt a transparent approach to corporate governance risk exposure to business and reputational damage, warns adviser.

World Fuel Services posts 5% drop in marine gross profit
28 Jul 2016 06:01 GMT
Total second-quarter net income dipped $0.5 million compared to last year.

AkzoNobel to incorporate ISO 19030 into fuel savings predictor tool
27 Jul 2016 10:55 GMT
Intertrac Vision predictions to be verified and validated against actual performance using a monitoring process that is ISO 19030-compliant.

Rotterdam Market Report
27 Jul 2016 10:29 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

LNG-fuelled bulker project puts spotlight on high manganese steel
27 Jul 2016 09:44 GMT
Cargo tanks of the biggest LNG-fuelled bulk carrier ever ordered are to be made of a cryogenic steel that is high in manganese.

LNG-ready tanker delivered to APT
27 Jul 2016 08:28 GMT
Vessel is General Dynamics NASSCO's seventh ship delivery in just over a year.

Market Briefing
27 Jul 2016 07:49 GMT
Crude oil closed the day mixed. Brent up a touch while WTI down.

GAC offering bunker service at new Brazil office
27 Jul 2016 07:01 GMT
GAC's seventh office in Brazil is located around 315 kilometres north of Rio de Janeiro.

Cruise sector demand for fuel-saving air lubrication system
26 Jul 2016 10:56 GMT
Developer of friction-reducing air lubrication technology says it is in discussions with other cruise operators on the back of NCL contract.

Gulf Petrochem launches physical supply operation in Rotterdam
26 Jul 2016 08:55 GMT
Deliveries are to be carried out using two time-chartered barges, the Virage and the Arctic.

EU urged to strengthen its sustainability rules for biofuels
26 Jul 2016 08:14 GMT
Recently published EU report found 'a number of gaps in the European Commission's existing biofuels sustainability certification framework'.

Market Briefing
26 Jul 2016 07:04 GMT
Renewed oversupply concerns continue to be the talk of the day. Crude oil closes more than 2% lower.

We4Sea targets fuel savings and 100m-tonne CO2 reduction using existing ship equipment
26 Jul 2016 06:39 GMT
Tool uses equipment that can already be found on board, such as the voyage data recorder (VDR) and sensors.

Praxis Market Update
25 July 2016 14:30 GMT
Market update from Praxis Energy Agents S.A.

Scrubbers better for health than HFO ban, says report
25 Jul 2016 14:24 GMT
Study finds 'similarly high toxic effects' of emissions on macrophages in the lungs from heavy fuel oil (HFO) and diesel fuel exhaust.

Rotterdam Market Report
25 July 2016 09:54 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

What Brexit means for UK shipping
25 Jul 2016 09:38 GMT
Drewry provides a preliminary assessment of the impact of the UK's decision to leave the EU.

Market Briefing
25 Jul 2016 07:31 GMT
Crude oil down 4% after Baker Hughes oil rig count in the US rises by 15 to 371.

GAC opens offices in Far East Russia
25 Jul 2016 07:31 GMT
Company says it is now the only ship agent with a presence throughout the interconnected Arctic region and Far East.

Agreement to sell Petrobras Chile is signed
25 Jul 2016 06:10 GMT
Estimated cash inflow from deal with Southern Cross Group is US$464 million.

Total to cease bunkering activities in US Gulf
22 Jul 2016 14:19 GMT
Decision is thought to have been brought on by strong competition and extremely low margins in the region.

New ferry will be first to use Wartsila hybrid battery technology
22 Jul 2016 10:23 GMT
Ferry will serve the crossing between the Isle of Wight and the English mainland.

Rotterdam Market Report
22 July 2016 10:16 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Updated fuel consumption and emissions monitoring software released
22 Jul 2016 09:48 GMT
Aquarius MAS on Blue Star Delos upgraded with new software which allows real-time reporting and logging of fuel consumption and emissions.

Study compares results of length and breadth extensions
22 Jul 2016 08:25 GMT
Vessel length extension consumed 5% less fuel than breadth expansion in study.

Costa Cruises presents sustainability report
21 Jul 2016 12:35 GMT
Report includes fuel consumption, scrubber and emissions reduction data.

ABB posts decline in net income and revenue
21 Jul 2016 10:25 GMT
Second-quarter figure was impacted by $367 million of restructuring-related expenses.

Rotterdam Market Report
21 July 2016 09:33 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

ExxonMobil seeks marine lubricants specialist
21 Jul 2016 09:23 GMT
Job opening at the company's Products Technology Center (PTC) in Paulsboro, New Jersey.

Market Briefing
21 Jul 2016 08:41 GMT
EIA reports 9th weekly drawdown in US crude inventories; Crude oil closes higher.

Fuel-saving Azipods for LNG carrier and oil tanker
21 Jul 2016 08:41 GMT
Electric propulsion units to be fitted in South Korea.

Praxis Market Update
20 July 2016 14:50 GMT
Market update from Praxis Energy Agents S.A.

New proposed standard to test alternative fuels for metals
20 Jul 2016 10:25 GMT
Method is designed to provide a reliable measurement to ensure that alternative fuels meet the appropriate quality standards prior to blending.

Rotterdam Market Report
20 July 2016 09:54 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Kanal Istanbul 'will be pushed ahead rapidly', says Erdogan
20 Jul 2016 09:35 GMT
Turkey's president says plan to build a new waterway will not be affeced by recent events.

WWL expands fleet with fuel-efficient Neo-Panamax ship
20 Jul 2016 07:55 GMT
Vessel is also fitted with an exhaust gas cleaning system that reduces sulphur emissions to below 0.1 percent.

Market Briefing
20 Jul 2016 07:54 GMT
Oil prices fall for a second day on a stronger USD and as the refined fuel glut in the US continues to cast its shadow.

500th 50DF factory acceptance test completed
19 Jul 2016 12:41 GMT
Engine can be run on either natural gas, light fuel oil (LFO), or heavy fuel oil (HFO).

BPC in tender to buy 160,000 tonnes of fuel oil
19 Jul 2016 11:39 GMT
High-sulphur 180-cSt fuel oil is to be delivered between August and December.

Autumn launch for LNG-ready tanker
19 Jul 2016 11:38 GMT
Vessel will be powered by liquefied natural gas (LNG), marine diesel oil (MDO) and heavy fuel oil (HFO).

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

Rolls-Royce improves fuel efficiency with wave-piercing bow design
19 Jul 2016 08:08 GMT
Bow design has been applied to a wide range of vessel types, including LNG bunkering vessels.

Market Briefing
19 Jul 2016 08:04 GMT
Oversupply concerns push crude oil prices lower.

Praxis Market Update
18 July 2016 14:45 GMT
Market update from Praxis Energy Agents S.A.

Aegean deploys bunker vessel to Port Elizabeth
18 Jul 2016 14:27 GMT
Move follows the launch of the company's bunkering operation in Algoa Bay earlier this year.

Fuel-efficient ferries for New York's city-wide network
18 Jul 2016 11:46 GMT
New York's first city-wide ferry system in over 100 years is scheduled to be launched in 2018.

Liquid bulk a key source of growth for Antwerp
18 Jul 2016 11:17 GMT
Belgian port recorded an 8.4% rise in liquid bulk volume and a 13.9% jump in oil products handled.

Searights tanker arrested in Singapore over alleged non-payment
18 Jul 2016 09:05 GMT
Vessel has been in the custody of local authorities since Friday, according to court documents.

Market Briefing
18 Jul 2016 08:49 GMT
Favourable US and Chinese economic data helps bolster prices.

PureSOx Global prepared to comply with 0.5% sulphur fuel cap
15 Jul 2016 16:18 GMT
New scrubber is due to be launched at SMM in September.

Praxis Market Update
15 July 2016 14:55 GMT
Market update from Praxis Energy Agents S.A.

Cepsa wins award for fuel-saving project PR
15 Jul 2016 13:02 GMT
Huelva initiative has led to a reduction in mooring hours and fuel consumption for ships.

Turkish supplier expands bunker barge fleet
15 Jul 2016 12:21 GMT
Acquisition of two barges brings Energy Petrol's total number of vessels to 13.

New physical bunker supplier in the Danube
15 Jul 2016 10:41 GMT
Ukrainian firm has this week commenced its supply operation at the 61st mile of the Danube river.

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

Market Briefing
15 Jul 2016 09:37 GMT
Intraday volatility on BoE and oil rig Count coming up (Brent: $46.6).

Praxis Market Update
14 July 2016 15:26 GMT
Market update from Praxis Energy Agents S.A.

Vopak to operate Chevron's Panama terminal and build another
14 Jul 2016 13:54 GMT
Construction of new 360,000-cbm terminal at Bahia Las Minas is expected to take around two years.

Lukoil Marine Lubricants opens office in Hong Kong skyscraper
14 Jul 2016 13:25 GMT
Central Plaza is the third-tallest building in Hong Kong.

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

Will Singapore sell 50m tonnes of bunker fuel in 2016?
14 Jul 2016 09:58 GMT
If the H1 differential with last year were to be repeated in H2, then sales will exceed 50m tonnes for the first time.

Market Briefing
14 Jul 2016 08:19 GMT
Inventory and IEA reports weigh on prices (Brent: $46.6).

World Fuel Services to hold earnings call
14 Jul 2016 08:10 GMT
Management team to discuss the company's second-quarter results later this month.

Praxis Market Update
13 July 2016 14:57 GMT
Market update from Praxis Energy Agents S.A.

Top names unite to drive forward LNG as a marine fuel
13 Jul 2016 12:48 GMT
Cross-industry initiative aims to accelerate the use of liquefied natural gas (LNG) as a bunker fuel.

WTI vs BIX comparison in June
13 Jul 2016 10:48 GMT
Analysis of WTI crude vs the BIX global bunker price during the month of June.

Global bunker average rose at a higher rate than Brent in June
13 Jul 2016 10:18 GMT
Analysis of Brent crude vs the BIX global bunker price last month.

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

Singapore MGO vs ICE Gas Oil in June
13 Jul 2016 09:25 GMT
Analysis of Singapore marine gas oil (MGO) and ICE Gas Oil prices last month.

Market Briefing
13 Jul 2016 08:39 GMT
South China Sea dispute, bearish oil stocks (Brent: $47.6).

Praxis Market Update
12 July 2016 14:54 GMT
Market update from Praxis Energy Agents S.A.

Bunker price volatility drops to lowest level since February
12 Jul 2016 10:47 GMT
Price volatility analysis - June 2016.

VeriFuel is first marine fuel services provider to join Green Award Incentive Program
12 Jul 2016 10:23 GMT
Certified ships will receive a 5% discount on fuel quality testing and surveys, and a 15% discount on fuel-related training courses.

Rotterdam Market Report
12 July 2016 09:34 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

How Panama Canal expansion will affect global LNG trade
12 Jul 2016 09:27 GMT
90% of the world's LNG tankers will now be able to use the Panama Canal. Expansion means reduced transit times and costs.

First order for new blending-on-board system
12 Jul 2016 08:46 GMT
System is expected to facilitate a 40% reduction in lube oil consumption and fuel savings of at least 0.5%.

Market Briefing
12 Jul 2016 08:09 GMT
Pipeline leak and Saudi comments, API data ahead (Brent: $46.6).

Praxis Market Update
11 July 2016 15:24 GMT
Market update from Praxis Energy Agents S.A.

Patras LNG bunkering project gains traction
11 Jul 2016 11:28 GMT
Workshop held to discuss key issues related to the development of an LNG bunkering infrastructure at the Greek port.

Rotterdam Market Report
11 July 2016 10:16 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Bomin launches physical supply operation in Mauritius
11 Jul 2016 09:41 GMT
Company will be supplying clients with IFO 180 and MGO at Port Louis from July 12th.

Market Briefing
11 Jul 2016 08:30 GMT
Oil rig count up, dollar up, oil price down (Brent: $46.0).

Emulsion fuel project update
11 Jul 2016 08:24 GMT
Quadrise provides update on project to produce a low-cost alternative to heavy fuel oil.

America gets back to work, unlike the price of crude
11 Jul 2016 07:01 GMT
More jobs is good, but more oil rigs in the US concerns oversupply worriers.

IBIA examines implications of Brexit
08 Jul 2016 14:45 GMT
Association looks at how ship operators and ports could be affected by the UK's decision to leave the EU.

Praxis Market Update
08 July 2016 13:24 GMT
Market update from Praxis Energy Agents S.A.

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

Market Briefing
08 Jul 2016 08:05 GMT
Oil drops to two-month lows on oil stocks report.

Hummel LNG hybrid barge 'working smoothly and at full capacity'
08 Jul 2016 07:45 GMT
Vessel developer refers to 'inflexible restrictions' and additional component inspection in July.

High manganese steel tanks for world's largest LNG-fuelled bulker
08 Jul 2016 07:04 GMT
New vessel, set to be completed next year, will be able to carry up to 50,000 tons of cargo.

ABP calls for 'bold, ambitious and visionary' Brexit response
08 Jul 2016 06:05 GMT
The CEO of Associated British Ports (ABP) warns against 'timid' reaction to Brexit.

EIA numbers disappoint after API report sets expectations high
08 Jul 2016 05:24 GMT
Oil suffers again as EIA report delivers substantially more modest inventory drop data than API-led investors expected.

Keppel and Shell to establish LNG bunkering business in Singapore
07 Jul 2016 16:18 GMT
Joint venture company to carry out deliveries of LNG to ships at the world's biggest bunker port.

Praxis Market Update
07 July 2016 14:10 GMT
Market update from Praxis Energy Agents S.A.

'No technical showstoppers' for adoption of EU LNG bunkering framework
07 Jul 2016 11:31 GMT
In four months, EU members will be required to submit their national policy frameworks, says DNV GL.

Tallink's first LNG-fuelled ferry christened
07 Jul 2016 10:29 GMT
Vessel is scheduled to be delivered in early 2017.

Over 60 years in oil: A look back at the life of Kyriakos Mamidakis
07 Jul 2016 09:49 GMT
He built a business empire in oil and gas, shipping, olive oil, wine and tourism, and implemented initiatives that focused on the community and the environment.

Rotterdam Market Report
07 July 2016 09:19 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Two steps back and one step forward as crude struggles to regain rally stride
07 Jul 2016 07:47 GMT
Oil regains some footing on Wednesday supported by news of a seventh week of American oil inventory decline.

Market Briefing
07 Jul 2016 07:37 GMT
Huge draw in crude oil stocks yesterday - another report due today.

Praxis Market Update
06 July 2016 14:41 GMT
Market update from Praxis Energy Agents S.A.

First vessel with 'Scrubber Ready' notation christened
06 Jul 2016 13:51 GMT
Unique Shipping Group's vessel, the Oriental Jubilee, was christened in Ulsan, South Korea.

Ecoslops 'on track' to produce 30,000 tons of regenerated slops in 2017
06 Jul 2016 13:24 GMT
Slops producer also wins EUR 1 million in financing from Portuguese bank.

LNG-fuelled bulkers set for 2018 Baltic launch
06 Jul 2016 12:47 GMT
Vessels have received their classification as large LNG-powered bulk carriers.

US patent for wind and solar power system
06 Jul 2016 12:11 GMT
Eco Marine Power says it now intends to explore joint development project opportunities in the United States.

Lukoil launches marine lubricants
06 Jul 2016 10:53 GMT
Two new formulas are enhanced versions of previously released lubricants.

Global bunker average up for fourth month
06 Jul 2016 10:26 GMT
Average global monthly price rises to its highest level since November.

Rotterdam Market Report
06 July 2016 09:54 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

SLPA seeks bunker firm to operate in Hambantota
06 Jul 2016 09:31 GMT
Tender bid winner to be granted a 25-year lease at the Sri Lankan port.

Market Briefing
06 Jul 2016 07:28 GMT
Flight into safe-haven assets picks up, weighs on oil prices (Brent: $47.9).

Leading Greek bunker industry figure, Kyriakos Mamidakis, passes away
06 Jul 2016 07:04 GMT
Kyriakos Mamidakis, co-founder of Mamidoil-Jetoil, set up the company with his two brothers in 1969.

Crude tumbles on Cushing data and economic growth fears
06 Jul 2016 06:12 GMT
The pound reached a 31-year low on Tuesday and Cushing data showed a build of 230,025 barrels.

Praxis Market Update
05 July 2016 13:41 GMT
Market update from Praxis Energy Agents S.A.

Deal to build biofuel-refuelling Navy oilers
05 Jul 2016 11:32 GMT
Vessels will have the capacity to carry 156,000 barrels of oil, including the Navy's new biofuels.

GOIL working on expansion of bunkering operations in Ghana
05 Jul 2016 10:55 GMT
Company aims to meet at least 60 percent of current demand.

Hong Kong ECA planned for Jan 2019
05 Jul 2016 10:04 GMT
Current Hong Kong law only requires ships to switch to low-sulphur fuels while berthed.

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

Market Briefing
05 Jul 2016 08:24 GMT
Oil prices slip back into the forties.

Oil recedes on Monday over growing glut concern
05 Jul 2016 02:02 GMT
Nigeria not enough to make up for Norway, as oversupply bears Monday's market.

Bunker Holding posts 2015-16 results
04 Jul 2016 21:15 GMT
Danish firm records a pre-tax profit of $61 million as equity rises to $271 million.

Suppliers urged to include 'arrest paradise' in standard terms
04 Jul 2016 14:53 GMT
Regulation 1215/2012 makes it possible to apply to a court in the Netherlands for the arrest of a ship elsewhere in the EU.

Hapag-Lloyd BAF up 75% since March
04 Jul 2016 13:27 GMT
Bunker adjustment factor (BAF) up a third time since March 2nd.

Vessel sued by bunker firm over alleged non-payment
04 Jul 2016 12:36 GMT
Van-Oil Petroleum seeks a warrant of arrest so that the vessel may be seized and sold to cover the payment.

Wartsila acquires fuel-saving specialist Eniram
04 Jul 2016 12:17 GMT
Wartsila strengthens its in-house capabilities in the fields of data analytics, modelling and performance optimisation.

Aiming to 'make Jamaica a fuel destination'
04 Jul 2016 10:47 GMT
Acquisition of fuel storage facility forms part of West Indies Petroleum's strategy of attracting new business and supporting existing clients.

Brightoil cancels order for ten bunker barges
04 Jul 2016 09:49 GMT
Bunker firm opts for more conservative strategy and decides to use working capital to optimise its existing five barges.

Market Briefing
4 Jul 2016 07:50 GMT
Global oil market heading towards balance (?) (Brent: $50.5).

Crude oil market summary: 1st July
04 Jul 2016 00:02 GMT
Market buoyed by uncertainty regarding Norway's oil production and increased consumption during the Independence Day weekend.

Global Risk Management posts profit rise
01 Jul 2016 14:28 GMT
Risk management specialist achieves increase in annual profit.

FinnLink ups bunker surcharge in July
01 Jul 2016 11:11 GMT
Service provides daily departures between Finland and Sweden.

Carnival's Q2 bunker costs plummet 41.4%
01 Jul 2016 10:10 GMT
Cruise line operator's fuel expenses declined by $137 million during the second quarter.

Finnlines secures funding to retrofit scrubbers
01 Jul 2016 09:39 GMT
EUR 50 million loan to be used to fund the company's Environmental Technology Investment Programme.

Market Briefing
1 Jul 2016 07:57 GMT
Volatile oil prices on mixed news (Brent: $49.8).

Monjasa: Five insights on how the Panama Canal expansion affects the local bunker industry
01 Jul 2016 07:33 GMT
Sales volumes, post-transit deliveries, east coast voyages, Caribbean ports and compliance are examined.

Prospect of improved Nigerian production pushes down crude
01 Jul 2016 07:03 GMT
First day of losses for crude oil after two-day rally.

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