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Home » News » News Archive - August 2016

News Archive - August 2016

Praxis Market Update
30 Aug 2016 14:34 GMT
Market update from Praxis Energy Agents S.A.

Dan-Bunkering confirms management changes
30 Aug 2016 11:56 GMT
Nicolai Troen replaces Rune Andreasen as Sales Manager; Andreasen is named Group Offshore Manager.

Rotterdam Market Report
30 Aug 2016 10:09 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

LNG-fuelled product tanker classed by Bureau Veritas
30 Aug 2016 09:25 GMT
Bureau Veritas says it is 'leading the way' classing newbuildings of different ship types using LNG as fuel.

Gasum and Wartsila in LNG collaboration
30 Aug 2016 08:41 GMT
Key project areas include gas as a marine fuel, LNG and liquefied biogas (LBG).

Tropical storms, job reports and Nigeria output optimism
30 Aug 2016 07:17 GMT
API oil inventory report will be followed closely today after last week's surprise build.

Bears claw over 1.3% off the price of crude
30 Aug 2016 05:26 GMT
Increased scepticism surrounding the effectiveness of any decisions reached at Algeria oil meeting.

Praxis Market Update
29 Aug 2016 12:44 GMT
Market update from Praxis Energy Agents S.A.

Rotterdam Market Report
29 Aug 2016 08:48 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Yellen speech, oil rig count and producer talks
29 Aug 2016 07:31 GMT
Oil market briefing by Michael Poulson, A/S Global Risk Management.

Odfjell achieves fuel savings of more than 20% in project with MAN
26 Aug 2016 15:14 GMT
Ship operator reduces fuel consumption with propulsion system upgrades.

Praxis Market Update
26 Aug 2016 13:21 GMT
Market update from Praxis Energy Agents S.A.

Matson orders two dual-fuel con-ro ships
26 Aug 2016 11:13 GMT
Vessels will be able to operate on conventional fuel oil or LNG, with some adaptation.

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

Waiting for Yellen and news of oil producer meeting
26 Aug 2016 10:05 GMT
Any comments by Yellen about an upcoming interest rate hike could spur volatility.

New barnacle research may lead to new ship coating to improve fuel efficiency
26 Aug 2016 09:55 GMT
Bacteria could be the cause of barnacle buildup on ships, according to latest research.

Milestone reached: Viking Grace has refuelled with LNG 1,000 times
26 Aug 2016 08:29 GMT
Vessel was also the first large passenger vessel to run on LNG in 2013.

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

Naming ceremony for fuel-saving car carrier
25 Aug 2016 13:16 GMT
Vessel's hull has been optimised in order to combine high cargo capacity and low fuel consumption.

Rotterdam Market Report
25 Aug 2016 11:40 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Gazpromneft-Lubricants conducts spill exercises in St Petersburg and Murmansk
25 Aug 2016 10:43 GMT
Spill scenarios centred around the delivery of marine oils to merchant ships.

EUR 2.6m funding to develop world's largest rotor sail
25 Aug 2016 08:22 GMT
Larger Flettner rotor will equate to significant annual fuel savings, says developer.

Another huge build in crude oil stocks
25 Aug 2016 07:54 GMT
EIA inventory rise confirmed Tuesday's API data, though the increase was not quite as large.

Shenzhen to implement 0.5% at-berth sulphur limit in October
25 Aug 2016 08:08 GMT
0.5% regulation will be obligatory for ships calling at key Chinese ECA ports in January 2017.

D'Amico officers admit oil pollution cover up
24 Aug 2016 12:26 GMT
Engineering officers are to be sentenced in November.

Scrubber producer AEC Maritime teams up with Damen
24 Aug 2016 11:03 GMT
Sales agreement centres around 'one-stop-shop' retrofit concept.

Rotterdam Market Report
24 Aug 2016 09:59 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Los Angeles holds the line on emissions targets
24 Aug 2016 09:18 GMT
Air quality programs largely counter the effects of 2015 congestion.

Surprise build in crude oil stocks ahead of today's inventory report
24 Aug 2016 08:57 GMT
Energy Information Administration (EIA) report will be followed closely today.

Bunker panel discussion at upcoming New York event
24 Aug 2016 08:41 GMT
Event to be attended by senior executives from the bunker industry.

Gulf Petrochem secures deal to sell IPOL lubricants in UAE and Oman
23 Aug 2016 13:05 GMT
Sales target of 100 metric tonnes per month has been set for each market.

Monjasa lands new $80 million credit facility
23 Aug 2016 12:32 GMT
New credit facility arranged with French international bank Societe Generale.

Rotterdam Market Report
23 Aug 2016 09:53 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Aegean Marine Petroleum goes ex-dividend
23 Aug 2016 09:27 GMT
Dividend payments on Aegean shares traded on or after 22nd Aug will go to the seller.

Bye bye fifties - for now
23 Aug 2016 08:34 GMT
News of additional Iraqi oil coming online and Nigerian rebels reaching out for a ceasefire weighed on prices.

SGX and Baltic Exchange agree proposed acquisition terms
23 Aug 2016 03:37 GMT
Completion of the proposed acquisition is expected to occur towards the end of November, subject to approval.

MOL wins eco awards in California
22 Aug 2016 12:52 GMT
Shipping firm receives Green Flag Award and Vessel Speed Reduction Award from the ports of Long Beach and Los Angeles.

Harris Pye confirms cruise ship scrubber contracts
22 Aug 2016 10:27 GMT
Company currently installing scrubber systems on a number of cruise vessels. Projects to be completed throughout the year.

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

First oil tanker transit of new Panama Canal
22 Aug 2016 09:52 GMT
The MT Aegean Unity is the first crude oil tanker to transit the new locks of the expanded canal.

Oil price still dancing around the $50 level
22 Aug 2016 09:18 GMT
Baker Hughes rig count increase makes the recent oil price rise fragile.

US Navy signs alternative fuel agreement with Queensland
22 Aug 2016 08:36 GMT
Cooperation on the research, development, supply and sale of alternative fuels.

Praxis Market Update
19 Aug 2016 15:30 GMT
Market update from Praxis Energy Agents S.A.

Searights winding up hearing on Aug 26th
19 Aug 2016 15:16 GMT
Winding up petition was filed by Monjasa. United Overseas Bank is listed as creditor.

Vroon aims to cut fuel consumption with antifouling film
19 Aug 2016 13:43 GMT
Antifouling solution chosen for the anchor handling tug supply (AHTS) vessel VOS Triton.

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

Vopak posts 7% rise in net profit in H1 2016
19 Aug 2016 08:35 GMT
EBIT and EBITDA increase by 3% during the first half of the year.

Oil above $50 - but for how long?
19 Aug 2016 08:34 GMT
Oil prices continue upward on upcoming output freeze talks, draws in oil inventories and a drop in Nigerian output.

Panoil Petroleum founder resigns
18 Aug 2016 10:34 GMT
Roland Pang said he would use the break to re-evaluate his options.

Rotterdam Market Report
18 Aug 2016 09:44 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Corsican vessel operator saves fuel with electric propulsion
18 Aug 2016 09:05 GMT
Hybrid propulsion allows passengers to be ferried to the Scandola nature reserve in Corsica on batteries.

Aegean founder set to bank $99.6m from share sale
18 Aug 2016 09:02 GMT
Dimitris Melissanidis steps down as Head of Corporate Development and will act as consultant to the firm.

Will we see Brent oil above $50 today?
18 Aug 2016 08:17 GMT
Oil prices are now up almost 20 percent this month.

Caribbean Fantasy catches fire near San Juan
18 Aug 2016 00:03 GMT
Fire is said to have started in the engine room of the ship.

Praxis Market Update
17 Aug 2016 12:35 GMT
Market update from Praxis Energy Agents S.A.

Rotterdam Market Report
17 Aug 2016 09:41 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

ECO notation for first Carnival ship
17 Aug 2016 09:24 GMT
Powered by low-sulphur fuel, the Carnival Vista is the first Carnival ship to be awarded Lloyd's Register's ECO notation.

Market Briefing
17 Aug 2016 09:13 GMT
Oil price freeze - repeat situation?

Japan: fuel oil data for June
17 Aug 2016 08:42 GMT
Fuel oil exports, domestic sales, inventories and production data during the month of June.

New fuel tank can store up to five times more LNG
17 Aug 2016 00:04 GMT
New adjustable box-shaped tank is said to be able to carry up to 10,000 cubic metres of LNG.

Carnival's bunker business at Port Everglades secure until 2030
17 Aug 2016 00:02 GMT
Carnival extends commitment to leading cruise port for an additional five years.

New stern trawler design saves fuel, says Wartsila
16 Aug 2016 13:37 GMT
Design incorporates hybrid battery technology and Wartsila's two-speed gearbox for reduced fuel consumption.

Praxis Market Update
16 Aug 2016 13:35 GMT
Market update from Praxis Energy Agents S.A.

Singapore government orders vessel tracking solution
16 Aug 2016 12:53 GMT
Tender to supply AIS vessel monitoring services was won by BigOceanData and Alltek Technology Singapore.

San Francisco 'enthusiastically supports' hydrogen bunkering
16 Aug 2016 12:01 GMT
Port supports project to build a hydrogen filling station on its property.

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

Market Briefing
16 Aug 2016 09:00 GMT
Bullish sentiment continues to drive prices up (Brent: $47.9).

Bourbon Offshore blacklists Monjasa - source
15 Aug 2016 16:12 GMT
Decision is said to be related to a recent court conviction in Nigeria.

Praxis Market Update
15 Aug 2016 13:40 GMT
Market update from Praxis Energy Agents S.A.

LNG-ready product tanker to be christened this week
15 Aug 2016 12:55 GMT
Delivery marks the completion of a four-tanker LNG-ready series.

Singapore achieves best ever July bunker sales
15 Aug 2016 11:40 GMT
Port also records rolling three-month sales of above 12.5 million tonnes in three consecutive months for the first time.

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

Market Briefing
15 Aug 2016 09:25 GMT
Oil price increase continues into this week (Brent: $47.3).

Maersk Line records 40% drop in bunker costs... but loss of $151 million
15 Aug 2016 09:24 GMT
Decline in revenue was attributed to a 24 percent decline in average freight rates.

Fuel-saving antifouling series to be showcased at SMM
12 Aug 2016 13:02 GMT
Japan's Choggoku Marine Paints says it will be promoting its Seaflo Neo Z series in Hamburg next month.

Bunker-saving emulsified fuel system installed on cruise ship
12 Aug 2016 11:43 GMT
Technology is said to improve fuel efficiency, reduce emissions, clean the exhaust and improve the condition of the engine.

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

Aegean Marine Petroleum earnings call summary
12 Aug 2016 09:12 GMT
Management team discusses key issues, including price trends, bad debt, Algericas and the next-quarter sales forecast.

Market Briefing
12 Aug 2016 08:57 GMT
Saudi comments, EIA report drive prices up (Brent: $46.2).

ExxonMobil launches second accredited MFM in Hong Kong
12 Aug 2016 07:53 GMT
Development follows the launch of Hong Kong's first independently accredited MFM in December.

Praxis Market Update
11 Aug 2016 14:16 GMT
Market update from Praxis Energy Agents S.A.

Rotterdam Market Report
11 Aug 2016 09:23 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Aegean reduces costs to achieve profit rise despite lower revenue
11 Aug 2016 08:31 GMT
Supplier recorded a 36.9% increase in sales volume during the first half of 2016.

Market Briefing
11 Aug 2016 08:21 GMT
Oil prices dip on inventories, Saudi output.

Monitoring software helps Dockwise track ship motions and control fuel costs
11 Aug 2016 00:07 GMT
ABB explains how its software integrates downloadable fuel consumption data and helps ships using more than one fuel type.

Gazpromneft Marine Bunker starts supplying fuel to STASCO in Black Sea
11 Aug 2016 00:05 GMT
Russian firm was recently given the go-ahead following a vetting inspection by Shell staff.

Delivery of world's largest ethane carrier: it burns LNG, methane, HFO, MGO... and soon ethane
11 Aug 2016 00:02 GMT
Owner confirms that it is 'very well advanced' towards also making the vessel ethane-ready.

Praxis Market Update
10 Aug 2016 14:30 GMT
Market update from Praxis Energy Agents S.A.

Keel-laying ceremony for second LNG-powered ferry
10 Aug 2016 12:02 GMT
Catamaran ferries are due to serve the West Frisian Islands in 2018.

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

Quadrise to progress to combustion testing after signing Saudi Arabia MoU
10 Aug 2016 09:18 GMT
Trial to be carried out at refinery and power plant facilities in Saudi Arabia.

Market Briefing
10 Aug 2016 08:16 GMT
Oil prices slightly down ahead of inventory data.

NCL spends $11m less on fuel as average bunker price falls 16%
10 Aug 2016 07:47 GMT
Cruise operator's average bunker price was $469 per tonne in the second quarter of 2016.

US Navy completes trial with 100% renewable biofuel
10 Aug 2016 00:02 GMT
ReadiDiesel is produced from fats, oils, and greases via the biofuels isoconversion process.

H.P. Wegener reports fuel savings as scrubber milestone is reached
09 Aug 2016 14:44 GMT
After 1,000 days of continuous scrubber operation, German firm says 'our scrubber investment has basically paid for itself'.

Praxis Market Update
09 Aug 2016 14:30 GMT
Market update from Praxis Energy Agents S.A.

Rotterdam supplies first seagoing vessel with LNG
09 Aug 2016 13:35 GMT
Landmark delivery was carried out by Shell LNG.

Saving fuel with energy storage solution
09 Aug 2016 12:18 GMT
ABB says it is 'at the forefront' of changes in the maritime industry with its energy storage solutions.

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

OOIL posts loss as low bunker prices 'provide some element of cushion'
09 Aug 2016 09:02 GMT
Parent company of OOCL reports loss of US$57.7 million during the first half of 2016.

Market Briefing
09 Aug 2016 07:04 GMT
Focus turns to inventory data and supply glut (Brent: $44.9).

Praxis Market Update
08 Aug 2016 14:25 GMT
Market update from Praxis Energy Agents S.A.

'Extreme difficulty' for refiners to meet 2020 sulphur cap demand, says study
08 Aug 2016 12:42 GMT
Report's findings contrast sharply with those of an IMO-commissioned study.

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

Ottawa launches Canada's largest electric tour boat
08 Aug 2016 09:28 GMT
Second electrically propelled tour vessel is expected to enter service in 2017.

Market Briefing
08 Aug 2016 07:55 GMT
Output freeze rumours and increase in U.S. oil rigs.

Startup develops sponge-forming solution that absorbs oil
08 Aug 2016 07:41 GMT
Liquid polyurethane solution is said to bind with oil, forming a 'sponge' that absorbs oil but not water.

Power generation demand continues to affect IFO availability in Egypt
08 Aug 2016 06:38 GMT
Both Suez and Alexandria are out of IFO product, whilst availability in Port Said is very tight.

Praxis Market Update
05 Aug 2016 14:25 GMT
Market update from Praxis Energy Agents S.A.

'Up to 40%' fuel savings with Ecospeed coatings
05 Aug 2016 13:45 GMT
Coatings specialist says it has 'cracked a number of really important problems' with its Ecospeed range.

Vitol offers lowest premium in BPC fuel oil tender - source
05 Aug 2016 11:23 GMT
Nine international trading firms are said to competing for 160,000-tonne fuel oil deal.

Ulsan inks LNG bunkering agreement
05 Aug 2016 10:14 GMT
Port Authority expects LNG bunkering project to generate growth for Ulsan.

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

Bulk carrier to use Dupont hybrid scrubber
05 Aug 2016 08:55 GMT
Scrubber is designed to provide flexibility for vessels operating in ECAs because it can operate in open- or closed-loop mode.

Market Briefing
05 Aug 2016 08:13 GMT
Short covering gives crude oil prices a boost to end a second day of higher prices.

Carnival issues sustainability report
04 Aug 2016 15:52 GMT
Report includes scrubber, LNG and emissions reduction data.

Praxis Market Update
04 Aug 2016 14:20 GMT
Market update from Praxis Energy Agents S.A.

Arrival of LNG-fuelled tanker to be celebrated in Rotterdam
04 Aug 2016 14:02 GMT
Vessel is able to operate on either liquefied natural gas (LNG) or marine gas oil (MGO).

Baltic Exchange to consult shareholders over SGX takeover offer
04 Aug 2016 11:42 GMT
Total minimum valuation, including final dividend to shareholders, is GBP 86.7 million, says Baltic Exchange.

Propeller nozzle cuts fuel costs, says developer
04 Aug 2016 10:20 GMT
The Damen Optima Nozzle is said to reduce fuel use and exhaust emissions.

Rotterdam Market Report
04 Aug 2016 09:18 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Market Briefing
04 Aug 2016 07:50 GMT
EIA reports a build in US crude stocks but a surprise draw in gasoline. Crude oil prices rally.

EVOL LNG gets go-ahead to bunker at Fremantle
03 Aug 2016 14:37 GMT
LNG fuel to be sourced from EVOL LNG's Kwinana plant.

Praxis Market Update
03 Aug 2016 14:10 GMT
Market update from Praxis Energy Agents S.A.

Petrobras: No enquiries due to Olympic Games
03 Aug 2016 12:39 GMT
Petrobras's bunker department will be closed this week on Thursday and Friday.

ANL revises bunker adjustment factor
03 Aug 2016 11:21 GMT
BAF applies to freight from Australia and New Zealand to Europe, Scandinavia and the Mediterranean.

Rotterdam 380 cSt up for sixth straight month
03 Aug 2016 10:41 GMT
Europe's biggest bunker port records highest 380 cSt average since August 2015.

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

Market Briefing
03 Aug 2016 08:19 GMT
Crude oil closes lower once again despite a weaker USD.

Fuel-saving HullWiper launched in Rotterdam
02 Aug 2016 10:47 GMT
Launch event of hull cleaning system at Europe's biggest port.

Rotterdam Market Report
02 Aug 2016 10:42 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Bunker price volatility up in July
02 Aug 2016 09:38 GMT
Price volatility analysis - July 2016.

New ECA guidelines for Chinese MSA officers
02 Aug 2016 09:25 GMT
Guidlines are designed to help Maritime Safety Administration (MSA) officers check the compliance of vessels in Chinese ECAs.

Global bunker average dips in July
02 Aug 2016 09:12 GMT
Bunker Index (BIX) monthly average falls for the first time since February.

Praxis Market Update
01 Aug 2016 13:50 GMT
Market update from Praxis Energy Agents S.A.

Maersk Oil Trading becomes licensed supplier in Singapore
01 Aug 2016 11:45 GMT
Singapore business was issued a bunker supplier licence in July.

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

AC Oil has bunker licences cancelled in Singapore
01 Aug 2016 09:27 GMT
Company is said to have breached the terms and conditions of its bunker supplier and bunker craft operator licences.

Petrobras starts selling RMK 500 in Santos
01 Aug 2016 08:23 GMT
Supplier says ISO 8217:2010 specification is 'guaranteed'.

Market Briefing
01 Aug 2016 08:19 GMT
USD strength gives crude oil prices a lift. Brent (October) and WTI (September) closed higher.

Bomin appoints head of global sales
01 Aug 2016 08:13 GMT
Henrik Robdrup has more than 25 years of experience in the shipping industry.

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