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Home » News » News Archive - October 2016


News Archive - October 2016

IBIA: 'It would be better to have a more phased introduction'
28 Oct 2016 12:37 GMT
Association says IMO decision gives the industry certainty, but delay would have allowed the market to adapt more gradually.

Kasbar: 'This turns the whole industry upside down'
28 Oct 2016 12:03 GMT
World Fuel Services CEO reflects on IMO's decision to implement a 0.5% global sulphur cap in 2020.

WFS management discusses Q3 bunker performance
28 Oct 2016 10:02 GMT
Marine division results discussed in earnings call.

Rotterdam Market Report
28 Oct 2016 09:27 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Oil prices continue to hover around $50
28 Oct 2016 08:18 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
28 Oct 2016 07:37 GMT
By the Oil Desk at Freight Investor Services.

SEA\LNG names board of directors
28 Oct 2016 00:21 GMT
Coalition membership represented in nine-person board of directors.

World Fuel Services amends credit facility to $2.1 billion
28 Oct 2016 00:17 GMT
Term of the credit facility is extended to October 2021.

World Fuel Services posts third-quarter results
28 Oct 2016 00:04 GMT
Third-quarter net income of $42.7m reported; marine segment profit drops 23.4 percent.

Praxis Market Update
27 Oct 2016 17:39 GMT
Market update from Praxis Energy Agents S.A.

Global sulphur cap set for 2020
27 Oct 2016 17:23 GMT
Landmark MEPC debate ends in decision to implement a global 0.5% limit on sulphur content in 2020.

Danish Maritime Authority reflects on 'important' MEPC meeting
27 Oct 2016 13:05 GMT
Chief Advisor says it is 'important' the MEPC agrees on a roadmap and that fuel consumption data is collected.

Panama Canal's contribution to saving fuel highlighted at MEPC 70
27 Oct 2016 12:05 GMT
MEPC presentation highlights the efforts of the Panama Canal's Green Route Strategy.

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

Five bunker firms in top 25 Hanjin creditor list
27 Oct 2016 10:07 GMT
World Fuel Services is the marine fuel seller claiming the largest amount - $22 million.

Gazpromneft supplies more than 32,000 tonnes to Royal Caribbean in St. Petersburg
27 Oct 2016 07:57 GMT
Supplier says it carried out 49 deliveries to the Miami-based operator during this year's cruise season.

Surprise draw in US crude oil stocks; is OPEC deal just hot air?
27 Oct 2016 07:50 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
27 Oct 2016 07:40 GMT
By the Oil Desk at Freight Investor Services.

Praxis Market Update
26 Oct 2016 14:28 GMT
Market update from Praxis Energy Agents S.A.

0.5% sulphur cap could lead to LNG bunker sales of 30m tonnes by 2025-30, says Engie VP
26 Oct 2016 12:15 GMT
Engie executive says demand for LNG bunker fuel could soar if MEPC agrees on a global sulphur limit this week.

Cepsa the first supplier with MFMs in Strait of Gibraltar
26 Oct 2016 09:35 GMT
Spanish firm has installed mass flow meter (MFM) systems on two of its barges.

Oil prices continue the downward trend on more bearish news
26 Oct 2016 08:39 GMT
By A/S Global Risk Management.

Buckeye sells LP units to fund VTTI acquisition
26 Oct 2016 08:28 GMT
Additional 1,162,500 limited partnership units sold by U.S. firm.

Oil and fuel oil hedging market update
26 Oct 2016 08:19 GMT
By the Oil Desk at Freight Investor Services.

Fuel-saving rigid sail granted patent in Japan
26 Oct 2016 07:26 GMT
Commercial production of EnergySail technology is planned for 2018.

Bomin Linde LNG to supply Furetank Rederi ships
25 Oct 2016 14:31 GMT
Supplier's new 7,500-cubic-metre vessel to carry out ship-to-ship deliveries.

Presentation of 2020 fuel availability study at MEPC 70
25 Oct 2016 13:13 GMT
Shortage of compliant, low-sulphur fuel is unlikely, according to study.

Gard issues mass flow meter recommendations
25 Oct 2016 09:51 GMT
P&I Club advises members ahead of upcoming Singapore MFM requirements in January.

Secretary-General's speech at MEPC 70
25 Oct 2016 09:35 GMT
IMO Secretary-General, Kitack Lim, addressed the 70th session of the Marine Environment Protection Committee (MEPC).

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

Damage control within OPEC
25 Oct 2016 08:15 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
25 Oct 2016 07:47 GMT
By the Oil Desk at Freight Investor Services.

Praxis Market Update
24 Oct 2016 14:01 GMT
Market update from Praxis Energy Agents S.A.

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

Shipping firms fined $1.3m for dumping oily waste and cover-up
24 Oct 2016 09:50 GMT
Oily waste discharged on voyage to Seattle; false log books given to Coast Guard inspectors.

Oil and fuel oil hedging market update
24 Oct 2016 09:29 GMT
By the Oil Desk at Freight Investor Services.

Iraqi comments and oil rig count
24 Oct 2016 08:55 GMT
By A/S Global Risk Management.

Low Carbon Pathways 2050 study released
24 Oct 2016 08:54 GMT
Study outlines a number of potential pathways for the shipping industry's transition to a low-carbon future.

European ports call for North Sea and Baltic NECA by 2021
24 Oct 2016 08:45 GMT
Designation of the North Sea and the Baltic Sea as emission control areas for nitrogen oxides to be discussed at MEPC 70.

Skangas in agreement to supply LNG fuel to Statoil ships
24 Oct 2016 07:14 GMT
LNG fuel to be delivered to Statoil's platform supply vessels and tugs.

LNG bunkering vessel design gets ClassNK approval
21 Oct 2016 12:41 GMT
Vessel design includes bi-lobe tanks to improve cargo capacity, efficiency and productivity.

Typhoon Haima halts bunkering in Hong Kong
21 Oct 2016 10:54 GMT
Bunkering and port operations suspended as tropical cyclone hits Asian port.

Chilean bunker vessel back in service
21 Oct 2016 09:51 GMT
The Agunsa Capella had been in dry dock since the end of September.

Oil and fuel oil hedging market update
21 Oct 2016 08:47 GMT
By the Oil Desk at Freight Investor Services.

Bunker issues top the agenda at MEPC 70
21 Oct 2016 08:08 GMT
Marine Environment Protection Committee (MEPC) meets in London.

Oil uptrend takes a breather; awaiting U.S. oil rig count
21 Oct 2016 06:06 GMT
By A/S Global Risk Management.

AIDAsol powered in Hamburg for last time this year
20 Oct 2016 11:51 GMT
Vessel travels to Canary Islands as cruise season comes to an end in Germany.

Glander International Bunkering promotes two former interns
20 Oct 2016 10:13 GMT
Kevin Lundgaard and Manos Gryllakis are both now working as qualified bunker and lubricant traders in Dubai.

Operating costs decline for fourth straight year
20 Oct 2016 09:25 GMT
Operating costs in the shipping industry fell by an average of 2.4% in 2015, says consultancy.

Oil and fuel oil hedging market update
20 Oct 2016 07:52 GMT
By the Oil Desk at Freight Investor Services.

Copec vessel to start bunkering in November
20 Oct 2016 07:19 GMT
The Tamina will mainly operate at Puerto Williams, Puerto Montt and Punta Arenas.

Oil prices inching up on inventories and OPEC comments
20 Oct 2016 07:09 GMT
By A/S Global Risk Management.

Engie and CMA CGM sign LNG bunkering research agreement
19 Oct 2016 10:56 GMT
Research to focus on LNG bunkering for container ships.

Rotterdam Market Report
19 Oct 2016 09:38 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Power and propulsion contract agreed for US Navy replenishment oilers
19 Oct 2016 09:20 GMT
Fleet of 17 bunker-supplying ships will each have the capacity to carry 156,000 barrels of fuel oil.

Coalition calls for HFO ban in Arctic waters
19 Oct 2016 08:14 GMT
LNG and distillate fuels are 'a step in the right direction', say NGOs.

Another draw in crude oil inventories - all eyes on new report this afternoon
19 Oct 2016 07:57 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
19 Oct 2016 07:51 GMT
By the Oil Desk at Freight Investor Services.

GAC's new 24/7 service covers bunkers and lubricants
19 Oct 2016 06:53 GMT
Global Husbandry Centre (GHC) is now operating 24 hours a day, seven days a week.

LNG sector ready to meet shipping industry demand, says coalition
18 Oct 2016 10:55 GMT
SEA\LNG issues position statement ahead of next week's MEPC meeting.

Dan-Bunkering expands team in Houston
18 Oct 2016 10:01 GMT
Bunker firm appoints two members of staff at its Texas office.

Rotterdam Market Report
18 Oct 2016 09:39 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

MIT professor develops skin-inspired barnacle solution
18 Oct 2016 08:54 GMT
Research project fuses hydrogels with elastomers using benzophenone as a bonding agent.

Oil prices see intraday volatility, but remain in tight trading range
18 Oct 2016 08:02 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
18 Oct 2016 07:39 GMT
By the Oil Desk at Freight Investor Services.

Ecoslops appoints new chairman
18 Oct 2016 06:22 GMT
Current CEO, Vincent Favier, is to begin his new role as chairman on 15th November.

Praxis Market Update
17 Oct 2016 15:21 GMT
Market update from Praxis Energy Agents S.A.

Emission Monitoring System fully certified
17 Oct 2016 15:17 GMT
DYNAMARINe system is designed to help operators optimize fuel consumption.

Integr8 Fuels seeks senior trader in Singapore
17 Oct 2016 14:20 GMT
Job opening at the company's Centennial Tower office.

Alternative fuels study forms basis of EC paper to IMO: ECSA
17 Oct 2016 13:05 GMT
183-page report evaluates the potential of methanol and ethanol for the shipping industry.

Lindsay Blee signs marketing & distribution agreement with Petrobunkers
17 Oct 2016 11:07 GMT
UK-headquartered firm to manage sales and marketing from its office in Florida.

Oil rig count near 8-month high
17 Oct 2016 09:30 GMT
By A/S Global Risk Management.

Rotterdam Market Report
17 Oct 2016 08:59 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Oil and fuel oil hedging market update
17 Oct 2016 08:51 GMT
By the Oil Desk at Freight Investor Services.

Contract to power Mediterranean's first LNG-fuelled passenger ferry
14 Oct 2016 14:29 GMT
Balearia ferry is due to enter regular service in 2019.

Caterpillar wins LNG propulsion order for cruise ships
14 Oct 2016 10:41 GMT
MaK M 46 DF dual-fuel engines and LNG supply and handling system to be installed on four vessels.

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

Russian supplier bunkers last ship of the cruise season
14 Oct 2016 09:13 GMT
Baltic Fuel Company says it bunkered over 100 passenger ships between May and October.

Oil and fuel oil hedging market update
14 Oct 2016 8:45 GMT
By the Oil Desk at Freight Investor Services.

Oil prices fell further yesterday, oil price remains in the low fifties
14 Oct 2016 08:11 GMT
By A/S Global Risk Management.

World Fuel Services to hold earnings call
14 Oct 2016 07:28 GMT
Management team to discuss the company's third-quarter results later this month.

WTI vs BIX comparison in September
13 Oct 2016 16:06 GMT
Analysis of WTI crude vs the BIX global bunker price during the month of September.

Singapore bunker sales fall in September
13 Oct 2016 14:44 GMT
Month-on-month, year-on-year sales down 9.4% and 0.4%. 3-month sales above 12m tonnes for fifth straight month.

SSI calls for 'commitment' to Paris Agreement at MEPC 70
13 Oct 2016 12:37 GMT
Coalition urges MEPC to ensure shipping contributes to meeting Paris Agreement target of below two degrees.

Brent vs BIX price comparison
13 Oct 2016 11:57 GMT
Analysis of Brent crude vs the BIX global bunker price in September.

Oil and fuel oil hedging market update
13 Oct 2016 10:15 GMT
By the Oil Desk at Freight Investor Services.

Rotterdam Market Report
13 Oct 2016 08:42 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Builds in oil stocks and OPEC oil production around 8-year highs weigh on prices
13 Oct 2016 08:12 GMT
By A/S Global Risk Management.

ExxonMobil aims to drive development of next-gen lubes with new test engine
12 Oct 2016 15:35 GMT
Oil major believes new test engine will help speed up the timeline to bring new products to market.

Bunker price volatility down in September
12 Oct 2016 14:05 GMT
Intra-month BIX price differential of $19.36 seen last month.

Time-charter agreement for LNG bunker supply vessel
12 Oct 2016 11:47 GMT
7,500-cubic-metre vessel is to operate along the Baltic Sea coast.

Bomin sells stake in LNG bunkering business
12 Oct 2016 11:02 GMT
Bunker firm cites slower-than-expected demand for LNG as a reason for its decision.

Rotterdam Market Report
12 Oct 2016 90:44 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Oil and fuel oil hedging market update
12 Oct 2016 09:35 GMT
By the Oil Desk at Freight Investor Services.

Volatility continues as reports and informal meetings take centre stage
12 Oct 2016 07:32 GMT
By A/S. Global Risk Management.

Rotterdam Market Report
11 Oct 2016 10:59 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

New blending technology to be showcased in Denmark
11 Oct 2016 10:28 GMT
Third-generation blending system and oil analyser will be on show at the Danish Maritime Fair.

Oil and fuel oil hedging market update
11 Oct 2016 09:35 GMT
By the Oil Desk at Freight Investor Services.

Oil prices at one-year high on output curb comments
11 Oct 2016 08:56 GMT
By A/S Global Risk Management.

Royal Caribbean's new 'Icon' ships to run on LNG and fuel cells
11 Oct 2016 08:15 GMT
Vessels will also be able to run on distillate fuel to accommodate ports without LNG infrastructure.

BIMCO voices 'serious concerns' over IMO sulphur cap study
11 Oct 2016 07:24 GMT
Association says study has 'failed to fully address the IMO's terms of reference' in a number of key areas.

Bomin expands physical supply operation in Singapore
11 Oct 2016 05:33 GMT
Bunker supplier deploys four double-hulled barges at the world's leading bunker port.

Praxis Market Update
10 Oct 2016 12:29 GMT
Market update from Praxis Energy Agents S.A.

Rotterdam Market Report
10 Oct 2016 08:54 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Oil and fuel oil hedging market update
10 Oct 2016 08:35 GMT
By the Oil Desk at Freight Investor Services.

GAC Bunker Fuels in LNG bunkering tie-up with REV LNG in North America
10 Oct 2016 07:36 GMT
GAC says the alliance 'offers a complete LNG supply chain solution in North American ports'.

Bunker tanker collides with cargo vessel in Tokyo Bay: source
10 Oct 2016 07:35 GMT
Both vessels are said to have suffered breaches during the incident near Kawasaki port.

Oil producer meeting takes headlines
10 Oct 2016 07:26 GMT
By A/S Global Risk Management.

$9 million from Altor could have saved OW Bunker, ex-CFO claims
10 Oct 2016 06:13 GMT
Former CFO says banks pulled plug after owner Altor was not prepared to pay $9 million.

Gazpromneft Marine Bunker performs first lube ship delivery in Ust-Luga
10 Oct 2016 06:09 GMT
Supply of Chevron's TARO 40 XL marine oil was arranged in cooperation with Gazpromneft-Lubricants.

Thun Tankers orders four LNG-fuelled ships
07 Oct 2016 15:11 GMT
Vessels are to be built by Netherlands firm Scheepswerf Ferus Smit.

First LNG bunker delivery performed at new Pori terminal
07 Oct 2016 11:59 GMT
Skangas bunkered the product tanker Ternsund at its LNG terminal in Finland.

Oil and fuel oil hedging market update
07 Oct 2016 10:14 GMT
By the Oil Desk at Freight Investor Services.

Rotterdam Market Report
07 Oct 2016 09:35 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

10,000-tonne oil spill simulated in Singapore
07 Oct 2016 08:49 GMT
Oil pollution exercise held in conjunction with SIBCON 2016 event.

Maritime network formed to develop harmonised LNG bunkering standards worldwide
07 Oct 2016 07:42 GMT
Memorandum of understanding signed at SIBCON event in Singapore.

The uptrend continues
07 Oct 2016 07:35 GMT
By A/S Global Risk Management.

Dual-fuel tugs set to be bunkered by JV firm FueLNG
06 Oct 2016 13:33 GMT
Keppel Smit and Maju Maritime tugs are expected to be completed in 2018.

Singapore sets out new measures to shape bunkering for the future
06 Oct 2016 13:33 GMT
MPA explains how it is working to improve bunker deliveries and prepare the port for LNG bunkering.

Valhalla Marine gets Glander International Bunkering rebranding
06 Oct 2016 12:13 GMT
Company's name has officially changed to Glander International Bunkering (Geneva) Sarl.

Rotterdam Market Report
06 Oct 2016 10:01 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

EIA confirms direction of API oil inventory data
06 Oct 2016 07:47 GMT
By A/S Global Risk Management.

Oil report predicts bullish fourth quarter
05 Oct 2016 13:24 GMT
Report says 'oil prices seem headed for higher levels' over the next three months.

Eagle LNG joins SEA\LNG coalition
05 Oct 2016 12:36 GMT
Houston-based LNG specialist is the coalition's first new industry partner.

Praxis Market Update
05 Oct 2016 12:21 GMT
Market update from Praxis Energy Agents S.A.

Shenzhen 0.5% sulphur cap now effective
05 Oct 2016 10:37 GMT
Ships calling at Shenzhen are now required to use fuel with a sulphur content not exceeding 0.5 percent when at berth.

Oil and fuel oil hedging market update
05 Oct 2016 10:14 GMT
By the Oil Desk at Freight Investor Services.

Joint study to examine the impact of 0.5% sulphur cap
05 Oct 2016 10:08 GMT
Study to be carried out by Marine Energy Consulting and 20|20 Marine Energy.

Rotterdam Market Report
05 Oct 2016 09:56 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

(Another) surprise drop in U.S. crude oil stocks
05 Oct 2016 07:44 GMT
By A/S Global Risk Management.

Lukoil's cylinder oil for ultra-low-sulphur fuel approved by MAN and Wartsila
04 Oct 2016 11:35 GMT
'Excellent' piston ring test results; engine maintained in 'very good condition'.

Oil and fuel oil hedging market update
04 Oct 2016 10:21 GMT
By the Oil Desk at Freight Investor Services.

ExxonMobil confirms Pavilion Energy LNG bunkering partnership
04 Oct 2016 10:15 GMT
News was originally announced by Pavilion Energy's CEO last month.

Rotterdam Market Report
04 Oct 2016 09:45 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

Gulf Petrochem launches bunker supply operation in Antwerp
04 Oct 2016 09:10 GMT
Company offering physical deliveries of marine fuel to clients using two time-chartered barges.

Brent oil price remains above $50
04 Oct 2016 08:10 GMT
By A/S Global Risk Management.

Praxis Market Update
03 Oct 2016 12:35 GMT
Market update from Praxis Energy Agents S.A.

Oil and fuel oil hedging market update
03 Oct 2016 11:27 GMT
By the Oil Desk at Freight Investor Services.

Shell signs deal with Carnival to supply world's first fully LNG-powered cruise ships
03 Oct 2016 10:53 GMT
First two cruise vessels to be fully powered by LNG are expected to launch in 2019.

Global bunker average up 1.3% in September
03 Oct 2016 10:10 GMT
Bunker Index (BIX) average rises for the first time in three months.

Dan-Bunkering trader relocates to Hellerup
03 Oct 2016 09:31 GMT
Matias Engel joins the company's trading department at its office north of Copenhagen.

Trader cover at Petrobras
03 Oct 2016 08:09 GMT
Bunker trader Marcele Parreira will be stepping in for Paulo Roberto.

The week starts off with Brent oil price above $50
03 Oct 2016 07:38 GMT
By A/S Global Risk Management.

Rotterdam Market Report
03 Oct 2016 10:00 GMT
Market report from Marine Bunkering (Rotterdam) B.V.



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