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Home » News » News Archive - December 2016


News Archive - December 2016

Singapore to start 2017 with 135 MFM-equipped bunker vessels
30 Dec 2016 10:56 GMT
In December, 11 vessels have been authorized to carry out MFM deliveries next year.

Oil and fuel oil hedging market update
30 Dec 2016 08:57 GMT
By the Oil Desk at Freight Investor Services.

Mixed oil inventory report keeps prices in narrow range
30 Dec 2016 08:41 GMT
By A/S Global Risk Management.

DOE funds project to accelerate introduction of fuels for low-emission engines
30 Dec 2016 07:51 GMT
$7 million to be distributed to eight universities participating in the Co-Optima initiative.

Microalgae presented as solution to create green fuel, reduce food insecurity
30 Dec 2016 07:34 GMT
Study presents concept of large-scale industrial cultivation of marine microalgae.

Petrobras to resume bunkers-only service in Paranagua
30 Dec 2016 00:01 GMT
Service will be available to clients from 5th January.

Taiyo Oil buys fuel oil-producing refinery in Okinawa
29 Dec 2016 14:55 GMT
Petrobras sells 100% stake in refinery that stopped operating in March 2015.

New shore power tariffs in Amsterdam from January
29 Dec 2016 12:18 GMT
Dutch port insists it 'only passes on the actual costs to users'.

Neste to supply low-sulphur fuel to Eckero Line ship in 2017
29 Dec 2016 09:34 GMT
Agreement covers the M/S Finlandia on the Helsinki to Tallinn route in 2017.

Oil and fuel oil hedging market update
29 Dec 2016 09:25 GMT
By the Oil Desk at Freight Investor Services.

Uptrend paused by surprise crude oil stock increase
29 Dec 2016 07:59 GMT
By A/S Global Risk Management.

Agreement to supply LNG at Russia's biggest passenger port in 2018
29 Dec 2016 07:37 GMT
LNG Gorskaya inks deal with the Passenger Port of St. Petersburg.

Litgas to supply Klaipeda's first small-scale LNG tanker
28 Dec 2016 12:01 GMT
LNG-powered Coral Energy is scheduled to arrive on 1-2 January.

Neste buys former biodiesel plant, targets renewable diesel growth
28 Dec 2016 09:34 GMT
Pre-treatment and storage to start after maintenance work is completed during the second half of 2017.

Oil and fuel oil hedging market update
28 Dec 2016 09:25 GMT
By the Oil Desk at Freight Investor Services.

Oil prices reach 18-month high in thin holiday trading
28 Dec 2016 09:13 GMT
By A/S Global Risk Management.

Auckland to study 'plugging in' cruise ships
28 Dec 2016 08:38 GMT
Feasibility study to examine alternative methods for powering cruise ships when in port.

Yokohama targets ship-to-ship LNG bunkering in 2020
28 Dec 2016 07:33 GMT
Annual sales of 100,000-150,000 tonnes needed for ship-to-ship bunkering project to be profitable, says MLIT.

Slight oil price increase in thin holiday trading
27 Dec 2016 07:59 GMT
By A/S Global Risk Management.

Singapore records highest weekly 380 cSt in 17 months
27 Dec 2016 07:01 GMT
Weekly average and end-of-week 380 cSt at highest level since the week ending 3rd July 2015.

BIX MGO up for fifth straight week
27 Dec 2016 06:50 GMT
Fifth increase in a row for both the end-of-week and weekly average global MGO price.

Weekly BIX 380 at highest level since July 2015
27 Dec 2016 06:14 GMT
Highest weekly average and end-of-week BIX 380 in 17 months.

Global bunker average rises for fifth week in a row
27 Dec 2016 05:58 GMT
BIX was up 1% on Friday compared to seven days earlier. Weekly average also rose 1%.

Shell sells Vivo Energy stake to Vitol
27 Dec 2016 05:25 GMT
Vitol takes controlling stake in African supplier of marine fuels and lubricants.

Unioil renews bunker supply agreements
23 Dec 2016 15:04 GMT
Bunker firm renews agreements to supply cliens in the Barents, Kara and Norwegian Seas, and Svalbard.

Rise in bunker disputes prompts P&I club to advise members
23 Dec 2016 12:59 GMT
The Shipowners' Club offers advice to members regarding collating evidence and contract terms.

Neste's renewable diesel technology wins award
23 Dec 2016 10:54 GMT
Supplier's renewable diesel can be produced from nearly any waste fat or vegetable oil.

Ready for Christmas
23 Dec 2016 09:35 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
23 Dec 2016 08:39 GMT
By the Oil Desk at Freight Investor Services.

Alfa Laval sells 100th U-design scrubber
22 Dec 2016 12:57 GMT
Alfa Laval PureSOx systems with U-design scrubbers ordered by Grimaldi.

Shell completes sale of fuel oil-producing refinery in Malaysia
22 Dec 2016 12:11 GMT
Port Dickson refinery sold to subsidiary of China's Shandong Hengyuan Petrochemical Co. Ltd.

PDVSA starts selling 0.1% MGO offshore
22 Dec 2016 10:40 GMT
Bunker supplier is now able to provide deliveries offshore Punta Cardon and Puerto La Cruz.

Surprise build in inventories weighs on prices
22 Dec 2016 09:27 GMT
By A/S Global Risk Management.

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

Shipowners urged to renew Danish bunker certificate
22 Dec 2016 08:46 GMT
Bunker certificates typically expire on 20th February.

US and Canada to phase out HFO use in the Arctic
21 Dec 2016 12:31 GMT
Both countries are to propose a plan to the International Maritime Organization (IMO) in 2017.

Carnival's bunker costs drop 27% in 2016, expects $315m rise next year
21 Dec 2016 10:51 GMT
Cruise operator expects average bunker price to jump $91 to $374 per tonne in 2017.

Optimistic charterers help boost shipping confidence to 15-month high
21 Dec 2016 10:25 GMT
Average confidence level equalled the highest rating since August 2015.

Scandlines' new hybrid ferry in operation
21 Dec 2016 09:20 GMT
Together with its sister vessel, the new M/V Copenhagen is said to be the world's biggest hybrid ferry.

U.S. oil inventories down - oil prices up?
21 Dec 2016 08:42 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
21 Dec 2016 08:39 GMT
By the Oil Desk at Freight Investor Services.

Huelva a step closer to LNG barge deliveries
20 Dec 2016 12:13 GMT
Spanish port approves project specifications for the supply of LNG by barge.

LNG-ready tanker christened in San Diego
20 Dec 2016 12:04 GMT
Vessel is the third tanker under contract with SEA-Vista LLC.

KPI Bridge Oil hires trader in Athens
20 Dec 2016 09:55 GMT
Elina Apostolakou is company's latest appointment following the launch of its office in Greece last year.

Wait-and-see sentiment keeps prices steady
20 Dec 2016 08:52 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
20 Dec 2016 08:40 GMT
By the Oil Desk at Freight Investor Services.

Neste to supply low-sulphur fuel to Viking Line in 2017
20 Dec 2016 08:13 GMT
Contract covers Viking Line's Baltic Sea passenger ships.

Idemitsu Kosan acquires stake in Showa Shell
19 Dec 2016 10:48 GMT
Shell sells 31.2 percent shareholding for $1.4 billion.

Weekly BIX 380 at highest level since July 2015
19 Dec 2016 09:51 GMT
Highest weekly average and end-of-week BIX 380 in more than 16 months.

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

Highest weekly BIX in more than 16 months
19 Dec 2016 08:50 GMT
BIX was up 2% on Friday compared to seven days earlier. Weekly average rose 2.5%.

U.S. oil rig count close to one-year high
19 Dec 2016 08:23 GMT
By A/S Global Risk Management.

Nature Energy joins Danish LNG fuel production project
16 Dec 2016 12:42 GMT
Biogas supplier teams up with Bunker Holding, Kosan Crisplant and the Port of Frederikshavn.

98% of Singapore's MFO barges expected to comply with 2017 MFM regulation: IBIA
16 Dec 2016 10:56 GMT
128 barges with MFM systems are said to have aleready been approved by the MPA.

Brent oil price seems to stabilise in mid-fifties for now
16 Dec 2016 09:40 GMT
By A/S Global Risk Management.

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

Total joins SEA\LNG coalition
16 Dec 2016 08:53 GMT
Total says it supports the coalition's drive to make LNG the preferred marine fuel of the future.

Lukoil claims marine lube market share of more than 10%
15 Dec 2016 13:00 GMT
Marine lubricant supplier celebrates fifth anniversary in Southeast Asia.

Danish partnership targets environmental protection and a level playing field
15 Dec 2016 08:43 GMT
Partnership says it will represent Denmark's interests internationally.

Increasing Dollar adds pressure to oil prices
15 Dec 2016 08:38 GMT
By A/S Global Risk Management.

Neste to continue supplying low-sulphur fuel to Tallink in 2017
15 Dec 2016 08:33 GMT
Neste praised for its 'reliability as a supplier' as Finnish firms agree to continue their cooperation.

Aegean upsizes and prices senior notes offering
14 Dec 2016 15:07 GMT
Company prices $150 million in senior notes - $50 million more than previously announced.

Third dual-fuel tug for Norwegian shipowner launched in Spain
14 Dec 2016 11:57 GMT
Vessel to provide tug services for Statoil in 2017.

Corvus praises operator of North America's first LNG-battery hybrid cargo ferry
14 Dec 2016 10:04 GMT
Seaspan Ferries says Corvus's energy storage system will help reduce fuel costs.

Oil and fuel oil hedging market update
14 Dec 2016 08:50 GMT
By the Oil Desk at Freight Investor Services.

Oil prices slightly down, but Brent remains in the mid-fifties
14 Dec 2016 08:31 GMT
By A/S Global Risk Management.

Aegean to offer $100 million in convertible senior notes
14 Dec 2016 08:07 GMT
Bunker firm expects to grant buyers an option to buy an extra $15 million in convertible senior notes.

LNG pair Qatargas and RasGas to merge
13 Dec 2016 15:45 GMT
Qatar's two leading LNG companies are to merge under a single entity.

Maersk Fluid Technology upgrades cylinder oil savings calculator
13 Dec 2016 13:44 GMT
Calculator is designed to help clients evaluate potential cylinder oil savings.

Australia's first LNG-fuelled ro-ro ferry bunkered in Denmark
13 Dec 2016 13:01 GMT
Ro-ro ferry refuelled with LNG in test run between Odense and Flensburg.

Singapore records best November bunker sales in its history
13 Dec 2016 10:25 GMT
First time that more than 4 million tonnes have been sold in this month.

Oil prices are slightly lower after the weekend's steep increase
13 Dec 2016 09:28 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
13 Dec 2016 08:54 GMT
By the Oil Desk at Freight Investor Services.

Singapore records highest weekly 380 cSt in 17 months
12 Dec 2016 08:30 GMT
Weekly average and end-of-week 380 cSt at highest level since the week ending 3rd July 2015.

BIX MGO up to 6-week high
12 Dec 2016 08:02 GMT
Third increase in a row for both the end-of-week and weekly average global MGO price.

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

Weekly BIX 380 at highest level since July 2015
12 Dec 2016 07:43 GMT
Highest weekly average and end-of-week BIX 380 in over 16 months.

Oil prices increase as 11 non-OPEC members agree to cut oil output
12 Dec 2016 07:38 GMT
By A/S Global Risk Management.

Highest end-of-week BIX since August 2015
12 Dec 2016 07:07 GMT
BIX was up 2.7% on Friday compared to seven days earlier. Weekly average rose 3.9%.

Depa, Attica Group to study LNG bunkering
09 Dec 2016 13:55 GMT
Joint study to look into the feasibility of supplying Attica's fleet with LNG fuel.

New lab to study retrofitting ships to run on two fuels simultaneously
09 Dec 2016 12:11 GMT
Singapore lab to look at modifying ships to operate using both diesel and a clean fuel such as LNG.

Amalthia urged to prioritise removal of bunkers from stricken vessel
09 Dec 2016 10:28 GMT
Bulker Antaios has been ordered to remain at least 30 miles off the coast of South Africa until fuel is removed.

Oil producers' meeting and oil rig count could cause oil price volatility
09 Dec 2016 08:36 GMT
By A/S Global Risk Management.

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

Glencore, Qatar in final-stage negotiations to buy 19.5% stake in Rosneft
08 Dec 2016 14:18 GMT
Transaction expected to close in mid-December, says Glencore.

Gap analysis for Dynacom ahead of 2017 MRV regulation
08 Dec 2016 12:43 GMT
From August, the Greek firm will be required to outline its plans to monitor fuel consumption and carbon emissions.

Australia's first LNG-fuelled support vessel bunkered in Amsterdam
08 Dec 2016 10:38 GMT
The platform supply vessel Siem Thiima is to operate as part of Woodside Energy's fleet in 2017.

Mixed oil inventory report; markets eyeing oil producers meeting
08 Dec 2016 09:22 GMT
By A/S Global Risk Management.

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

Bomin confirms Valencia office closure - the sixth in a month
07 Dec 2016 16:38 GMT
In the space of a month, Bomin has closed five offices in Europe and one in South America.

Bomin halts physical operations in Spain and Estonia, closes three offices
07 Dec 2016 11:34 GMT
Madrid, Tallinn and Rio to close. Offices in Hamburg, Houston, Dubai and Singapore to operate as 'regional hubs'.

Gard issues alert on tougher at-berth emission requirements in California
07 Dec 2016 10:04 GMT
From January, certain vessels must cut at-berth NOx and diesel PM emissions from auxiliary engines by 70%.

BC Ferries cuts fuel consumption with pilot project
07 Dec 2016 08:44 GMT
Queen of Oak Bay's energy savings the equivalent of 30 sailings from Horseshoe Bay to Departure Bay.

Oil and fuel oil hedging market update
07 Dec 2016 08:40 GMT
By the Oil Desk at Freight Investor Services.

Market focus returning to supply glut
07 Dec 2016 08:19 GMT
By A/S Global Risk Management.

WTI vs BIX comparison in November
06 Dec 2016 12:43 GMT
Analysis of WTI crude vs the BIX global bunker price during the month of November.

Bunker price volatility falls in November
06 Dec 2016 11:55 GMT
November intra-month BIX differential dropped to $20.16.

Insurer issues advice on new Singapore bunkering procedures
06 Dec 2016 11:22 GMT
West of England P&I Club warns that mass flow meter technology will 'substantially change bunkering procedures'.

Will MGO prices rise by $50 in Brazil?
06 Dec 2016 10:15 GMT
Diesel prices went up 9.5% in Monday's fuel price review.

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

Is Brent heading for $60 this month?
06 Dec 2016 07:34 GMT
By A/S Global Risk Management.

BIX MGO up 1.9% in week 48, ICE Gasoil surged almost 10%
05 Dec 2016 12:26 GMT
BIX MGO weekly average rose 0.2%, whilst end-of-week price was 1.9% higher.

Global 380 cSt index up 4.2% in week 48
05 Dec 2016 11:21 GMT
Daily BIX 380 was 4.2% higher at the end of week 47. Weekly average was up 2.4%.

Bunker Index (BIX) up 2.6% in week 48, Brent jumped 15.3%
05 Dec 2016 09:38 GMT
Daily Brent ended the week $7.22 per barrel higher on Friday compared to seven days earlier.

Oil and fuel oil hedging market update
05 Dec 2016 08:04 GMT
By the Oil Desk at Freight Investor Services.

Ramping up production ahead of cuts next month?
05 Dec 2016 07:57 GMT
By A/S Global Risk Management.

Fujairah 380 cSt average drops 3.8% in November
02 Dec 2016 12:41 GMT
Middle East port recorded its biggest drop since January last month.

Rotterdam 380 cSt drops $14 in November
02 Dec 2016 11:23 GMT
Monthly 380 cSt average at Europe's biggest bunker port fell for the first time since January.

Singapore 380 cSt dips 2.1% in November
02 Dec 2016 10:28 GMT
Singapore's best-selling bunker product also ended the month 2.7% higher than the last trading day of October.

Oil and fuel oil hedging market update
02 Dec 2016 08:55 GMT
By the Oil Desk at Freight Investor Services.

The upward trend in oil prices continues
02 Dec 2016 07:53 GMT
By A/S Global Risk Management.

2020 Vision: World Fuel Services prepares for new global sulphur cap
01 Dec 2016 12:13 GMT
Bunker firm publishes white paper on upcoming global sulphur cap in 2020.

Global bunker average drops 2.2% in November
01 Dec 2016 10:28 GMT
Despite the drop, it is the second-highest monthly average since October 2015.

Paul Colvin's role as director of Cockett Marine Oil terminated
01 Dec 2016 09:42 GMT
Colvin served as director of Cockett Marine Oil for almost 12 years.

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

OPEC deal made prices jump, inventory data drowned
01 Dec 2016 08:54 GMT
By A/S Global Risk Management.

World Fuel Services declares quarterly cash dividend
01 Dec 2016 07:41 GMT
Quarterly cash dividend is in line with the amount paid over the last seven quarters.



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