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Home » News » News Archive - November 2016


News Archive - November 2016

Praxis Market Update
29 Nov 2016 14:10 GMT
Market update from Praxis Energy Agents S.A.

US ups renewable fuel requirements for biofuel
29 Nov 2016 10:55 GMT
EPA confirms volume and percentage requirements for four categories of biofuels.

SEA\LNG coalition adds two new partners
29 Nov 2016 09:01 GMT
ABS and Keppel Offshore & Marine's Gas Technology Development (GTD) join LNG alliance.

Pre-meeting jitters likely to cause intraday volatility
29 Nov 2016 08:30 GMT
By A/S Global Risk Management.

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

IBIA invites applications for chief executive
29 Nov 2016 08:08 GMT
New chief exectutive will be expected to 'lead and develop the organisation through its strategy to 2020, and beyond'.

Marginal rise for BIX MGO average in week 47
28 Nov 2016 10:51 GMT
ICE Gasoil weekly average rose by 6.1% over the same period.

Oil and fuel oil hedging market update
28 Nov 2016 09:49 GMT
By the Oil Desk at Freight Investor Services.

Oil tumbles as OPEC meeting outcome seems shaky
28 Nov 2016 09:37 GMT
By A/S Global Risk Management.

Global 380 cSt average up 2.6% in week 47
28 Nov 2016 09:23 GMT
Daily BIX 380 was 3.3% higher at the end of week 47.

Global bunker average up 1.6% in week 47
28 Nov 2016 00:07 GMT
Brent settlement average rose by 5.1% over the same period.

Naming ceremony for world's first dual-fuel PCTC
28 Nov 2016 00:03 GMT
Gas4Sea barge to supply pure car and truck carrier (PCTC) with LNG in Zeebrugge.

LNG training seminar delivered in Panama
25 Nov 2016 14:20 GMT
Three-day seminar for Panama Canal Authority and Panama Government also covered LNG bunkering.

Pavilion Energy signs MoU to supply Harley Marine bunker tankers with LNG
25 Nov 2016 12:05 GMT
Harley Marine, Mitsui O.S.K. Lines and Mitsui & Co. all sign MoU with Singapore LNG specialist.

Finland intends to raise biofuel blending in transportation fuel to 30%
25 Nov 2016 09:24 GMT
New 30 percent target translates into a double counting share of more than 50 percent.

Markets are in a wait-and-see position
25 Nov 2016 08:46 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
25 Nov 2016 08:44 GMT
By the Oil Desk at Freight Investor Services.

Freepoint Commodities launches bunker supply service in St Croix
25 Nov 2016 00:33 GMT
Company will initially be supplying fuel ex-pipe at Limetree Bay Terminals.

Shell expands lubricants network to over 700 ports
24 Nov 2016 14:45 GMT
Increase comes just seven months after the company extended its global coverage to 604 ports.

First seagoing vessel bunkered with LNG in Amsterdam
24 Nov 2016 12:34 GMT
Local firm supplied the Fure West tanker at the port's designated location for truck-to-ship LNG bunkering.

Neste to supply 0.1% bunker fuel in Sweden from January
24 Nov 2016 12:13 GMT
New supply service for Stockholm and the east coast of Sweden.

BC Ferries' first LNG-powered vessel sets sail for Canada
24 Nov 2016 08:48 GMT
The new dual-fuel ferry, Salish Orca, departed Remontowa shipyard in Poland on 22nd November.

Oil and fuel oil hedging market update
24 Nov 2016 08:33 GMT
By the Oil Desk at Freight Investor Services.

Oil price freeze
24 Nov 2016 08:25 GMT
By A/S Global Risk Management.

Viking Line signs LOI to build LNG-fuelled passenger vessel
24 Nov 2016 07:44 GMT
Final agreement is set to be signed in the spring of 2017.

Praxis Market Update
23 Nov 2016 14:10 GMT
Market update from Praxis Energy Agents S.A.

MoU to develop LNG bunkering in northern UK and North Sea
23 Nov 2016 12:23 GMT
ExxonMobil, Babcock International, Bernhard Schulte Shipmanagement, Calor and Orkney Islands Council sign MoU.

Flemming Ipsen joins Monjasa's board of directors
23 Nov 2016 10:28 GMT
Former Torm chairman joins board; Jens Mathiasen resigns - to continue working as lawyer and legal consultant.

Oil remains close to $50 as volatility rules
23 Nov 2016 09:15 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
23 Nov 2016 08:49 GMT
By the Oil Desk at Freight Investor Services.

EU funding for hydrogen fuel cell project expected in December
23 Oct 2016 08:34 GMT
System based on the PowerCell S3 fuel cell stack to be developed for ships.

Bunker-saving shaft generators for 'most fuel-efficient ferries in the world'
23 Nov 2016 06:53 GMT
Shaft generators are said to produce all the electricity needed without using any fuel to run the auxiliary generators when sailing.

Martek awarded drone emission monitoring contract
22 Nov 2016 11:05 GMT
Drone uses onboard gas analyser to determine possible breaches in EU law on the sulphur content of a ship's fuel.

WFS: The benefits of working with a strong counterparty
22 Nov 2016 10:01 GMT
WFS warns buyers could suffer financially if they do not have a business strategy in place for future bunker collapses.

Bunker supply service launched in Mozambique
22 Nov 2016 08:47 GMT
Follows agreement between Petromoc Bunkering JV and Maputo Port Development Company (MPDC).

Same same, but slightly different
22 Nov 2016 08:38 GMT
By A/S Global Risk Management.

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

Glander International Bunkering relocates to Mumbai's Bandra Kurla Complex
22 Nov 2016 06:55 GMT
Company says its Mumbai location 'boasts tremendous potential for economic growth'.

Praxis Market Update
21 Nov 2016 13:40 GMT
Market update from Praxis Energy Agents S.A.

Gadani ship blast caused by fuel smuggling: report
21 Nov 2016 10:14 GMT
Government report also reveals how much marine fuel and lubricant was on board the ship.

Oil and fuel oil hedging market update
21 Nov 2016 09:16 GMT
By the Oil Desk at Freight Investor Services.

OPEC comments continue to drive prices
21 Nov 2016 08:27 GMT
By A/S Global Risk Management.

LA and Long Beach propose 'bold strategies' to slash emissions
21 Nov 2016 08:19 GMT
CAAP 2017 Discussion Document prioritizes reducing GHG emissions to 80% below 1990 levels by 2050.

Weekly fuel oil report
21 Nov 2016 06:56 GMT
Analysis of Rotterdam 3.5% and Singapore 380 fuel oil futures.

Fuel oil stocks jump in ARA and Singapore
21 Nov 2016 06:19 GMT
ARA 84% increase said to be due to a rise in Rhine water levels and two VLCC cargoes.

US firms in frame to build two LNG-fuelled containerships for Pasha
18 Nov 2016 12:48 GMT
Pasha Hawai narrows down selection to two US shipyards.

MoU to develop world's first LPG-fuelled COGES ship
18 Nov 2016 12:31 GMT
Vessel to be powered by a combined gas turbine, electric and steam (COGES) system.

IMO's climate change mandate
18 Nov 2016 09:38 GMT
IMO's legal director cites 0.5% global sulphur cap as an example of IMO's work under UNCLOS Article 212.

Strong dollar weighs on oil prices
18 Nov 2016 08:07 GMT
By A/S Global Risk Management.

Aegean Marine Petroleum earnings call summary
18 Nov 2016 07:35 GMT
Management team discusses key issues, including price trends, the jump in sales and the sulphur cap.

Oil and fuel oil hedging market update
18 Nov 2016 06:57 GMT
By the Oil Desk at Freight Investor Services.

ExxonMobil issues guidelines to prevent cross-contamination of marine fuels
17 Nov 2016 12:27 GMT
Guidelines cover the segregation of fuels during storage and handling.

Third of four LNG-fuelled tankers delivered in China
17 Nov 2016 10:08 GMT
The Tern Sea is one of four 15,000-dwt tankers built for Terntank Rederi.

Markets ignored bearish report, listened to freeze deal news instead
17 Nov 2016 09:49 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
17 Nov 2016 08:30 GMT
By the Oil Desk at Freight Investor Services.

Methanol-powered ship delivered in Japan
17 Nov 2016 08:18 GMT
Vessel will be on long-term time charter to Methanex-owned Waterfront Shipping.

Aegean posts 55% jump in Q3 net income
17 Nov 2016 07:01 GMT
Sales volumes rose by 25.8% to 4.26 million tonnes during the third quarter.

Russian bunker firm signs construction contract for four vessels
16 Nov 2016 11:40 GMT
Vessels are scheduled to be delivered between the third quarter of 2017 and 2018.

New tool calculates the effect of LNG quality on engine knock
16 Nov 2016 09:42 GMT
Propane Knock Index (PKI) tool is designed to match LNG fuel quality with an engine's requirements.

Again, news from OPEC took headlines - this time it sent oil prices upwards
16 Nov 2016 09:07 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
16 Nov 2016 09:03 GMT
By the Oil Desk at Freight Investor Services.

Glander International Bunkering opens Oslo office, hires GM
16 Nov 2016 08:09 GMT
New Oslo operation is headed by former Peninsula Petroleum trading manager Andreas Maierhofer.

EnSolve scrubber trial 'successful'
15 Nov 2016 11:31 GMT
EnScrub is said to have discharged 97 percent of the SOx scrubber water entering the system during closed-loop operation.

Vopak CFO to step down in 2018
15 Nov 2016 10:08 GMT
Jack de Kreij has served as CFO and vice chairman of the executive board since 2003.

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

A picture might be worth a thousand words
15 Nov 2016 08:40 GMT
By A/S Global Risk Management.

Cruise line orders fuel-saving air lubrication technology retrofit
15 Nov 2016 07:56 GMT
Efficiency savings of up to 8 percent possible for larger ships, according to data analysis.

Singapore records best October bunker sales in its history
14 Nov 2016 16:11 GMT
First time that more than 4 million tonnes have been sold in this month.

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

Conrad net loss 'primarily due to' LNG bunker barge
14 Nov 2016 12:51 GMT
Shipbuilder says it recorded a $12.5m gross loss on the construction of America's first dedicated LNG bunker barge.

Dan-Bunkering appoints trader in Denmark
14 Nov 2016 10:55 GMT
Frederik Moser joins Dan-Bunkering's head office in Middelfart.

Yara Marine scrubbers for four feeder ships
14 Nov 2016 09:49 GMT
Contract awarded for vessels operated by Jungerhans Maritime Services GmbH.

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

Brent oil price remains in the mid-forties for now
14 Nov 2016 08:43 GMT
By A/S Global Risk Management.

NCL's bunker bill drops $2.58m in Q3
11 Nov 2016 12:19 GMT
Average fuel price dropped 11.5 percent to $500 per tonne between July and September.

2018 inspection campaign to focus on sulphur compliance
11 Nov 2016 10:28 GMT
Port State Control (PSC) authorities in 45 countries sign up to inspection initiative.

Trump, OPEC and the number of online oil rigs take centre stage
11 Nov 2016 09:04 GMT
By A/S Global Risk Management.

OMB bunker case to go before Court of Appeal
11 Nov 2016 08:51 GMT
Ferry operator to pursue its claim for compensation against German bunker supplier.

Oil and fuel oil hedging market update
11 Nov 2016 08:34 GMT
By the Oil Desk at Freight Investor Services.

MGO plummets $70 in Brazil following pricing committee meeting
11 Nov 2016 00:03 GMT
Decision to slash marine distillate prices by over 10% follows 10.4% reduction in the price of diesel.

Praxis Market Update
10 Nov 2016 12:50 GMT
Market update from Praxis Energy Agents S.A.

Finnlines profit up on cheaper HFO with scrubbers, lower fuel consumption
10 Nov 2016 11:13 GMT
Revenue declines mainly due to reduction in bunker surcharge.

EIA forecasts $51 Brent crude price in 2017
10 Nov 2016 10:06 GMT
Predicts average WTI crude price of $50 per barrel next year.

Volatility, but no huge Trump effect - yet
10 Nov 2016 09:46 GMT
By A/S Global Risk Management.

Genoil signs $50bn letter of intent to produce 3.5m barrels of desulphurized fuels a day
10 Nov 2016 08:54 GMT
Company to develop oil fields and construct clean technology upgraders, refineries and pipelines in Russia and Chechnya.

Nominations open for Singapore bunker award
10 Nov 2016 08:40 GMT
Award to go to firm that has demonstrated 'commitment to quality standards, quantity assurances and customer satisfaction'.

Oil and fuel oil hedging market update
10 Nov 2016 08:34 GMT
By the Oil Desk at Freight Investor Services.

California At-Berth Regulation advisory becomes effective in January 2017
09 Nov 2016 11:54 GMT
Shipping fleets have two options to ensure they comply with the new regulation.

Demand prompts Shell to ramp up marine lube production in Indonesia
09 Nov 2016 10:13 GMT
Shell aims to ensure the continuity of supply with stock point centres at major Indonesian ports.

IBIA chairman voices sulphur cap concerns
09 Nov 2016 09:01 GMT
Hall: Companies that comply could be left at a disadvantage; uneven implementation would create demand uncertainty.

Will he make America great again?
09 Nov 2016 09:00 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
09 Nov 2016 08:53 GMT
By the Oil Desk at Freight Investor Services.

EUR 4m funding for Klaipeda LNG project gets go-ahead
09 Nov 2016 08:13 GMT
EC's Innovation and Networks Executive Agency (INEA) confirms grant agreement.

Maersk Line expects fuel savings of more than 10% with $125m 'Fitbit' tracking upgrade
08 Nov 2016 13:07 GMT
12 Maersk ships are each predicted to save 10,000 tonnes a year with tracking technology.

Global fuel consumption levy 'the clear preference of the majority of the industry': ICS Director
08 Nov 2016 12:05 GMT
ICS calls on IMO to set a global mechanism as part of a CO2 reduction plan.

New EEU border mechanism to calculate bunker fuel transported as stores
08 Nov 2016 10:37 GMT
EEC establishes new method to calculate marine fuel transported as vessel stores at EEU borders.

Elections and oil inventories coming up
08 Nov 2016 08:34 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
08 Nov 2016 08:28 GMT
By the Oil Desk at Freight Investor Services.

Matrix Service to build tank for JAX LNG bunker facility
08 Nov 2016 08:17 GMT
North America's first small-scale coastal LNG facility is expected to be operational in Q4 2017.

Praxis Market Update
07 Nov 2016 13:29 GMT
Market update from Praxis Energy Agents S.A.

Refiners may 'struggle to cope' with MGO demand in 2020
07 Nov 2016 12:04 GMT
Higher demand will lead to availability issues, higher prices and increase the MGO premium to HSFO, says broker.

Rotterdam Market Report
07 Nov 2016 10:23 GMT
Market report from Marine Bunkering (Rotterdam) B.V.

MAN wins first HyProp ECO system order
07 Nov 2016 09:48 GMT
Hybrid propulsion solution is said to be a fuel-efficient alternative to classic, diesel-mechanical propulsion systems.

Market volatility continues to be high as OPEC meeting dominates the news
07 Nov 2016 08:34 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
07 Nov 2016 08:30 GMT
By the Oil Desk at Freight Investor Services.

Bomin closes offices in London and Athens
07 Nov 2016 07:48 GMT
MD: 'It is critical for us to concentrate on operations that support our business model'.

Fuel-saving HullWiper completes 100th clean for Maersk Line
07 Nov 2016 06:33 GMT
'We place a high degree of focus to ensure world-class bunker efficiency,' says Maersk Line's Stephan Martinussen.

Praxis Market Update
04 Nov 2016 13:38 GMT
Market update from Praxis Energy Agents S.A.

IBIA 'disappointed' by MEPC 70 BDN amendments
04 Nov 2016 12:48 GMT
New BDN will replace the current supplier's declaration and introduce a 'tick box' system.

IMO to consider implementing designated fuel sampling points
04 Nov 2016 12:36 GMT
Proposal to be examined by IMO sub-committees.

LNG marine fuel could be worse for environment than HFO, says former IBIA CEO
04 Nov 2016 09:45 GMT
Ian Adams: 'The LNG myth has progressed unchecked'.

Bunker boost for Fujairah as Vopak Horizon terminal ups crude capacity
04 Nov 2016 09:04 GMT
Project Black Pearl increases the facility's capacity to 2.6 million cubic metres.

Oil and fuel oil hedging market update
04 Nov 2016 09:03 GMT
By the Oil Desk at Freight Investor Services.

Aegean to hold Q3 earnings call in November
04 Nov 2016 08:19 GMT
Bunker firm's earnings call to take place following the announcement of its Q3 results.

Bearish sentiment continues
04 Nov 2016 07:50 GMT
By A/S Global Risk Management.

WTI vs BIX comparison in October
03 Nov 2016 11:32 GMT
Analysis of WTI crude vs the BIX global bunker price during the month of October.

Brent vs BIX price comparison
03 Nov 2016 11:13 GMT
Analysis of Brent crude vs the BIX global bunker price in October.

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

Bunker price volatility up in October
03 Nov 2016 10:07 GMT
Second-highest intra-month BIX price differential in six months.

Oil and fuel oil hedging market update
03 Nov 2016 08:44 GMT
By the Oil Desk at Freight Investor Services.

Historic build in crude oil inventories weighs on prices
03 Nov 2016 08:32 GMT
By A/S Global Risk Management.

Glander International Bunkering hires senior trader in Dubai
03 Nov 2016 08:23 GMT
Kasper Nygaard joins the company's trading team in the United Arab Emirates.

Monthly Fujairah 380 cSt average up to highest level since July 2015
02 Nov 2016 10:29 GMT
380 cSt price rose $26 in October - the biggest increase since May.

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

Singapore records highest 380 cSt monthly average in 15 months
02 Nov 2016 09:47 GMT
Singapore's best-selling bunker product ended the month $21 higher than the last trading day of September.

Oil prices came further down yesterday as U.S. oil inventories increased heavily
02 Nov 2016 08:48 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
02 Nov 2016 08:44 GMT
By the Oil Desk at Freight Investor Services.

Hapag-Lloyd updates North America bunker charges
02 Nov 2016 08:40 GMT
Monthly charges released in December notice.

Cockett appoints global lubricants head, three commercial managers
02 Nov 2016 07:45 GMT
Four managerial appointments confirmed by UAE-headquartared marine fuels and lubricants specialist.

Praxis Market Update
01 Nov 2016 13:51 GMT
Market update from Praxis Energy Agents S.A.

LNG firms 'prepared and able' to meet future emissions requirements
01 Nov 2016 12:07 GMT
Coalition applauds IMO's decision to implement a 0.5% cap on the sulphur content of marine fuel in 2020.

Global bunker average jumps to highest level in 14 months
01 Nov 2016 10:18 GMT
Bunker Index (BIX) average rose by 6.2 percent in October.

Closing remarks by Secretary-General at 'momentous' MEPC 70
01 Nov 2016 09:45 GMT
IMO Secretary-General, Kitack Lim, spoke at the end of the 70th session of the Marine Environment Protection Committe (MEPC).

Brent oil price remains in the low forties... for now
01 Nov 2016 09:11 GMT
By A/S Global Risk Management.

Survey: Ship operating costs expected to rise in 2016 and 2017
01 Nov 2016 09:09 GMT
Latest survey is based on responses from players in the shipping industry.

Oil and fuel oil hedging market update
01 Nov 2016 08:42 GMT
By the Oil Desk at Freight Investor Services.



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