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Home » News » News Archive - January 2017


News Archive - January 2017

US supplier to be paid in full for OW-traded delivery, court rules
30 Jan 2017 14:21 GMT
ING to receive $3,900 plus interest in 'common sense' distribution of funds.

Marine Atlantic maintains bunker surcharge, future rises 'may be required'
30 Jan 2017 11:33 GMT
Canadian ferry operator warns that future increases may be needed in the future.

Bunkering facility inaugurated at Qeshm Island
30 Jan 2017 10:08 GMT
New Iran facility has a total storage capacity of more than 50,000 tonnes.

MOL adjusts BAF from East Asia to Australia
30 Jan 2017 09:46 GMT
New surcharge on trades from China, Japan, Korea, Hong Kong and Taiwan becomes effective from 1st March.

Oil rigs and a row of central bank releases
30 Jan 2017 09:29 GMT
By A/S Global Risk Management.

Portugal's Galp starts offering RMK 500 in three key ports
27 Jan 2017 13:48 GMT
Supplier will be carrying out barge deliveries in Lisbon, Setubal and Sines.

Monjasa obtains certifications, says it 'leads the race' for improved quality
27 Jan 2017 12:27 GMT
Bunker firm receives certifications related to health and safety, quality and environmental management.

Licensed MFM-equipped bunker tankers up to 133 in Singapore
27 Jan 2017 10:16 GMT
Pink Diamond regains bunker tanker licence.

Oil prices slightly up, awaiting oil rig count
27 Jan 2017 09:21 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
27 Jan 2017 08:57 GMT
By the Oil Desk at Freight Investor Services.

Collaboration 'crucial' to overcoming LNG challenges, says coalition
27 Jan 2017 07:02 GMT
SEA\LNG calls for a candid appraisal of barriers to LNG as a marine fuel.

Wartsila inks five-year deal for LNG-fuelled Tallink ferry
26 Jan 2017 12:12 GMT
Deal includes maintenance and optimisation of the Megastar's engines.

IBIA updates articles and bylaws
26 Jan 2017 11:09 GMT
Changes designed to ensure rotation and give new board members the opportunity to be elected.

Institute of Bunker Buyers and Consumers joins IBIA
26 Jan 2017 09:53 GMT
Integration is expected to give buyers a stronger voice within the industry.

Markets ignore bearish oil stock data
26 Jan 2017 09:31 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
26 Jan 2017 09:11 GMT
By the Oil Desk at Freight Investor Services.

Viking Line ferry set to save fuel with rotor sail retrofit
26 Jan 2017 08:26 GMT
The Viking Grace is expected to cut LNG fuel use with the addition of Norsepower's technology.

First ship plugs into shore power at Shenzhen terminal
25 Jan 2017 15:18 GMT
OOCL vessel is the first to use shore power at DaChan Bay Terminals.

Dan-Bunkering arrests ship over supply of marine fuel: PDZ
25 Jan 2017 13:43 GMT
Malaysia's PDZ served with writ and warrant of arrest.

Carnival inks 12-year deal with Wartsila, targets fuel savings
25 Jan 2017 12:06 GMT
Wartsila to handle all engine maintenance and monitoring work for 79 of Carnival's ships.

Western Australia 'well placed' to support LNG-fuelled bulk trade
25 Jan 2017 09:47 GMT
Project to focus on LNG-powered Capesize bulkers operating between Australia and China.

Oil and fuel oil hedging market update
25 Jan 2017 09:11 GMT
By the Oil Desk at Freight Investor Services.

All eyes on the EIA oil stocks report
25 Jan 2017 09:03 GMT
By A/S Global Risk Management.

Singapore bunker craft operator convicted and fined
24 Jan 2017 14:14 GMT
Company found to have operated without a licence and used Sequest Tanker's credentials.

Joint study to look into developing LNG-fuelled Capesize bulker
24 Jan 2017 12:21 GMT
'Green Corridor' project partners to examine the feasibility of developing an LNG-powered bulk carrier.

Oil prices slightly higher
24 Jan 2017 09:01 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
24 Jan 2017 08:59 GMT
By the Oil Desk at Freight Investor Services.

IMO chief discusses 2017 regulation for polar shipping
24 Jan 2017 08:52 GMT
Kitack Lim comments on new regulations for ships operating in polar waters.

Chinese scrubber manufacturer gets DNV GL approval
24 Jan 2017 07:01 GMT
Approval is the first of its kind for a scrubber according to new DNV GL rule set.

Bomin expands ARA physical supply operation
23 Jan 2017 09:57 GMT
Firm charters two bunker barges which will operate out of Antwerp and also supply in Rotterdam, Ghent and Vlissingen.

OPEC/non-OPEC compliance outlook versus oil rig count
23 Jan 2017 09:11 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
23 Jan 2017 09:03 GMT
By the Oil Desk at Freight Investor Services.

Scandinavian JV to develop hydrogen solutions for ships
23 Jan 2017 08:54 GMT
Project covers generating electricity via fuel cells, hydrogen production, storage and distribution.

Turkish Bunker Association elects chairman
23 Jan 2017 07:48 GMT
Ali Deniz Eraydin to serve as chairman between 2017 and 2019.

Debris team finds bunker bottles: AMSA investigates
23 Jan 2017 06:47 GMT
Master and chief engineer said to be unable to explain how samples made their way overboard.

Cockett strengthens commercial team with three hires
20 Jan 2017 18:14 GMT
Eric van Oers, Maria Sortsi and Mehul Vora will be based in Rotterdam, Athens and Dubai respectively.

Izmit Bay: letters of protest after fuel oil spill
20 Jan 2017 12:38 GMT
Vessel operators submit letters of protest concerning vessel cleaning and delays.

Project to produce hydrogen fuel at BP's Rotterdam refinery
20 Jan 2017 11:23 GMT
Initiative to look into converting electricity into hydrogen transportation fuel.

OOIL denies takeover bid
20 Jan 2017 10:14 GMT
Hong Kong-listed firm advises shareholders to 'exercise caution' when dealing with company shares.

Oil and fuel oil hedging market update
20 Jan 2017 08:59 GMT
By the Oil Desk at Freight Investor Services.

Market is looking for direction
20 Jan 2017 08:40 GMT
By A/S Global Risk Management.

Trump's EPA nominee backs biofuels plan, but open to changes
19 Jan 2017 14:45 GMT
Attorney General supports Congress's plan to annually raise renewable fuel content.

Dan-Bunkering hires bunker trader in Denmark
19 Jan 2017 11:57 GMT
Lasse Schleemann brings with him experience of having worked in the West African shipping market.

China's 0.5% sulphur cap: key facts
19 Jan 2017 10:15 GMT
Ships calling at key Bohai and Guangdong ports 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
19 Jan 2017 09:33 GMT
By the Oil Desk at Freight Investor Services.

API points to draw in crude oil stocks, watch out for this afternoon's EIA report
19 Jan 2017 09:27 GMT
By A/S Global Risk Management.

Ships earning green discount up 83% in Gothenburg
18 Jan 2017 15:27 GMT
Two LNG-fuelled vessels receive the biggest discount on port fees of 30 percent.

Neste ranked 23rd most sustainable firm in Global 100
18 Jan 2017 14:05 GMT
Best-performing oil and gas company jumps 16 places in list of world's most sustainable businesses.

PPR4 sulphur cap talks 'particularly important', says IMO chief
18 Jan 2017 12:51 GMT
Kitack Lim applauds work carried out on the prevention of air pollution from ships.

First delivery in San Lorenzo as bunkering resumes after two-and-a-half years
18 Jan 2017 10:57 GMT
The bulk carrier Amis Dolphin was supplied with low-sulphur 380 cSt on 13th January.

Oil and fuel oil hedging market update
18 Jan 2017 08:45 GMT
By the Oil Desk at Freight Investor Services.

Intraday volatility ahead of weekly reports
18 Jan 2017 08:08 GMT
By A/S Global Risk Management.

Praxis Market Update
17 Jan 2017 13:43 GMT
Market update from Praxis Energy Agents S.A.

Global sulphur cap on the agenda at IMO's PPR4
17 Jan 2017 10:26 GMT
Meeting to consider what additional measures may be needed for the implementation of the 0.5% cap.

Oil markets remain in wait-and-see position
17 Jan 2017 09:10 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
17 Jan 2017 09:06 GMT
By the Oil Desk at Freight Investor Services.

Marine fuel cell project secures EU funding
17 Jan 2017 08:51 GMT
System based on the PowerCell S3 fuel cell stack to be developed for ships.

Simplex-Turbulo named distributor of Parker Kittiwake's bunker products
17 Jan 2017 07:20 GMT
Experienced bunker specialist Darren Middleton forms part of UK-based sales team.

Corvus showcases fuel-saving battery solution for first time in North America
17 Jan 2017 06:43 GMT
Energy storage system manufacturer exhibits and presents at Florida event.

Gener8 Maritime takes delivery of 19th 'Eco' VLCC
16 Jan 2017 14:08 GMT
The Gener8 Hector is equipped with technology designed to save fuel and reduce emissions.

World's second LNG-powered TSHD launched
16 Jan 2017 11:48 GMT
The dual-fuel Scheldt River is also fitted with a two-speed propulsion drive, designed to save fuel.

KPI Bridge Oil appoints trading manager in London
16 Jan 2017 10:41 GMT
Senior trader Mark Perrins is promoted to new role.

Drop in U.S. oil rig count - oil stocks data ahead
16 Jan 2017 09:03 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
16 Jan 2017 08:31 GMT
By the Oil Desk at Freight Investor Services.

New requirements for vessels at anchor in Singapore
16 Jan 2017 08:21 GMT
MPA updates 2007 circular concerning vessels anchored in port.

Naming ceremony for fuel-saving Stena Bulk ship
13 Jan 2017 17:21 GMT
The Stena Immaculate's fuel consumption is said to be 10-20% lower than that of equivalent vessels.

Court hearing for Gulf Petrochem in bunker claim against All Leisure
13 Jan 2017 14:01 GMT
Bunker firm is seeking $162,800 over unpaid bunker bills.

Praxis Market Update
13 Jan 2017 12:43 GMT
Market update from Praxis Energy Agents S.A.

Inspection of Danish ships abroad expected to rise by 36% in 2017
13 Jan 2017 10:53 GMT
Danish Maritime Authority aims to step up inspections of Danish-flagged ships in foreign waters.

World's first LNG-fuelled icebreaker bunkered in Pori
13 Jan 2017 09:18 GMT
The Polaris received 700 cubic metres of LNG on 10th January.

Oil and fuel oil hedging market update
13 Jan 2017 09:15 GMT
By the Oil Desk at Freight Investor Services.

Looks like OPEC members will walk the talk
13 Jan 2017 07:50 GMT
By A/S Global Risk Management.

'Resounding interest' for fuel-saving, next-gen battery solution
12 Jan 2017 13:04 GMT
Order book for Orca ESS has exceeded nine megawatt hours, says Corvus Energy.

BC Ferries' first LNG-powered vessel arrives in Canada
12 Jan 2017 11:55 GMT
New dual-fuel ferry, the Salish Orca, completes 10,440-nautical-mile journey from Poland.

Smaller, challenged ports key to bunker supplier success, says consultancy
12 Jan 2017 11:13 GMT
Physical suppliers advised to focus on smaller ports to reap the opportunities of a rapidly changing market.

Chemoil named Singapore's top bunker supplier for second year in a row
12 Jan 2017 09:29 GMT
Sentek and Universal Energy rise up the list to make top three.

Oil and fuel oil hedging market update
12 Jan 2017 08:44 GMT
By the Oil Desk at Freight Investor Services.

Oil up despite bearish oil stocks report
12 Jan 2017 08:32 GMT
By A/S Global Risk Management.

Praxis Market Update
11 Jan 2017 15:04 GMT
Market update from Praxis Energy Agents S.A.

SGS, VPS top Singapore bunker surveyor list
11 Jan 2017 14:24 GMT
12.3 percent of Singapore's licensed bunker surveyors are employed at either SGS or VPS.

Singapore sells 48.6 million tonnes of bunker fuel in 2016
11 Jan 2017 12:18 GMT
Asian port sets new record as annual bunker sales increase by 7.7 percent.

Singapore approves first vessel of 2017 for MFM bunkering
11 Jan 2017 10:53 GMT
Hong Lam Marine's Sea Swift gets MPA go-ahead.

Oil and fuel oil hedging market update
11 Jan 2017 08:35 GMT
By the Oil Desk at Freight Investor Services.

Trading and broking firm NORbunker launched in Denmark
11 Jan 2017 08:27 GMT
Company is headed up by experienced bunker trader Jesper Riis Christiansen.

Oil dips on EIA report, oil stock builds
11 Jan 2017 08:00 GMT
By A/S Global Risk Management.

Gibraltar bunker sales 'up by just under 2%' in 2016
10 Jan 2017 09:54 GMT
Bunker sales volumes and vessel calls increase for the second consecutive year.

Vladivostosk bunker sales plummet 58.6% in 2016: source
10 Jan 2017 13:21 GMT
Marine fuel deliveries fell by 8.1 percent between January and December.

Cepsa performs biggest bunker delivery in its history
10 Jan 2017 09:48 GMT
Spanish firm supplied 7,300 tonnes to the Mary Maersk in December.

Production cuts remain in focus
10 Jan 2017 09:28 GMT
By A/S Global Risk Management.

Neste begins deliveries of low-sulphur fuel to Polferries
10 Jan 2017 08:53 GMT
Agreement covers the Nynashamn to Gdansk route in 2017.

Oil and fuel oil hedging market update
10 Jan 2017 08:49 GMT
By the Oil Desk at Freight Investor Services.

BIX MGO at 14-month high in week 1
09 Jan 2017 13:40 GMT
Seventh increase in a row for both the end-of-week and weekly average global MGO price.

Weekly BIX 380 at highest level in 18 months
09 Jan 2017 12:11 GMT
Weekly average and end-of-week BIX 380 rise by 2.0% and 2.4% respectively.

Oil and fuel oil hedging market update
09 Jan 2017 09:12 GMT
By the Oil Desk at Freight Investor Services.

Global bunker average rises for seventh week in a row
09 Jan 2017 08:44 GMT
BIX was up 1.2% on Friday compared to seven days earlier. Weekly average also rose 1.5%.

Oil remains in a narrow trading range
09 Jan 2017 08:43 GMT
By A/S Global Risk Management.

Bomin starts physical supply operation in Buenos Aires, Zona Comun
06 Jan 2017 18:10 GMT
Bunker firm is using the double-hulled Deltamar IV to carry out deliveries.

ExxonMobil tackles fuel compatibility and stability in latest video
06 Jan 2017 12:23 GMT
Oil major's video covers fuel mixing, asphaltene precipitation and fuel testing.

MET turbocharger to be used in X-DF engine for first time
06 Jan 2017 11:48 GMT
Turbocharger selected for dual-fuel engine produced by Winterthur Gas & Diesel.

ABS issues LNG bunkering guide
06 Jan 2017 09:20 GMT
Guide outlines requirements for the design, construction, and survey of LNG carriers and bunker supply vessels.

Oil and fuel oil hedging market update
06 Jan 2017 09:14 GMT
By the Oil Desk at Freight Investor Services.

Mixed inventory report makes prices seesaw
06 Jan 2017 9:08 GMT
By A/S Global Risk Management.

Aegean acquires OBAST, launches Rostock bunker supply operation
06 Jan 2017 08:09 GMT
Physical operation to serve all German ports in the Baltic Sea and also cover southern Scandinavia.

Praxis Market Update
05 Jan 2017 14:04 GMT
Market update from Praxis Energy Agents S.A.

Shipping will find ways to ride out downturn, says consultancy
05 Jan 2017 10:48 GMT
Moore Stephens says shipping will use a mixture of experience and innovation to navigate what it expects to be a volatile year.

Glander International Bunkering trader relocates to Oslo
05 Jan 2017 09:09 GMT
Victor Spangenberg moves from Dubai to Oslo after 'establishing himself in the German and European market'.

Oil and fuel oil hedging market update
05 Jan 2017 08:57 GMT
By the Oil Desk at Freight Investor Services.

Oil prices slightly up on oil stocks report
05 Jan 2017 8:49 GMT
By A/S Global Risk Management.

Boxship spill: two fuel patches spotted
05 Jan 2017 06:14 GMT
Skimmers and booms placed off Pulau Ubin and Nenas Channel to contain spilled fuel.

World Fuel Services named exclusive bunker supplier at Nederland Terminal, Texas
04 Jan 2017 17:01 GMT
Fuel specialist to begin supplying 380 cSt and MGO ex-pipe from March 2017.

Boxship collision causes 300-tonne bunker spill off Johor
04 Jan 2017 15:26 GMT
APL Denver is said to have suffered damage to one of its bunker tanks.

Praxis Market Update
04 Jan 2017 14:10 GMT
Market update from Praxis Energy Agents S.A.

Bunker survey licence issued to 51 Singapore firms
04 Jan 2017 12:21 GMT
Licensing scheme is designed to raise the standards of bunker surveying firms and give the MPA a greater regulatory oversight.

Dunkirk regasification terminal starts commercial operations
04 Jan 2017 12:05 GMT
Facility is the second-largest regasification terminal in mainland Europe.

Volatility rules the oil market
04 Jan 2017 9:05 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
04 Jan 2017 09:02 GMT
By the Oil Desk at Freight Investor Services.

Gas-fuelled Coral Energy is first small-scale LNG tanker to load in Klaipeda
04 Jan 2017 08:05 GMT
New milestone for ship recently involved in first ship-to-ship LNG bunkering operation between two independent ocean-going vessels.

Hapag-Lloyd revises bunker charges for February
03 Jan 2017 13:07 GMT
Surcharges cover Africa, Asia and Oceania, North Europe and Mediterranean and Black Sea.

Oil prices increase slightly
03 Jan 2017 9:17 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
03 Jan 2017 09:12 GMT
By the Oil Desk at Freight Investor Services.

Nordic Marine Oil hires senior bunker trader
03 Jan 2017 08:18 GMT
Ex-Monjasa trader Michael Rye Jorgensen joins Danish bunker firm.

Bunkering resumes in San Lorenzo, Rosario after two-and-a-half years
03 Jan 2017 08:16 GMT
San Lorenzo refiner makes product available for the bunker market.

Time to see if oil producers walk the talk
02 Jan 2017 13:44 GMT
By A/S Global Risk Management.

Global bunker average up 7.4% in December
02 Jan 2017 13:20 GMT
December records highest monthly average since July 2015.

Average global bunker price drops 15.4% in 2016
02 Jan 2017 12:15 GMT
BIX, BIX 380, BIX 180 and BIX MGO all declined by more than 15%.

Residual fuels outpacing crude was a key stat of 2016
02 Jan 2017 09:53 GMT
IFO 380 and IFO 180 both rose at a higher rate than crude in 2016. IFO 380 doubled in price at key bunker ports.



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