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Home » News » News Archive - February 2017


News Archive - February 2017

Neste starts ex-pipe delivery of 0.1% bunker fuel in Sweden
27 Feb 2017 11:54 GMT
RMB-spec, 0.1% bunker fuel now also available via pipeline.

Oil rig count sees another increase
27 Feb 2017 09:48 GMT
By A/S Global Risk Management.

Research lays out approach to assessing climate transition risk of shipping assets
27 Feb 2017 09:33 GMT
Report calls for enhanced due diligence by financiers and shipowners to avoid future losses.

Oil and fuel oil hedging market update
27 Feb 2017 08:28 GMT
By the Oil Desk at Freight Investor Services.

CO2 cuts hard to achieve without alternative fuels: ICS
27 Feb 2017 08:10 GMT
ICS chairman sets out plan for CO2 reduction.

Rotterdam bunker sales drop 4.6% in 2016, lube sales rise
27 Feb 2017 07:29 GMT
Marine fuel sales fell by almost half a million cubic metres in 2016.

Praxis Market Update
24 Feb 2017 15:28 GMT
Market update from Praxis Energy Agents S.A.

Brightoil posts H2 revenue growth, lower bunker sales
24 Feb 2017 14:53 GMT
Revenue growth was mainly thanks to an increase in sales from trading petroleum products.

Finnlines profit up as bunker-saving scrubber programme reaps rewards
24 Feb 2017 11:57 GMT
Ferry operator spent $21.2 million less on bunker fuel in 2016.

Teekay Tankers posts drop in net income, higher bunker costs
24 Feb 2017 09:31 GMT
Operator says OPEC production cuts and rising oil prices will offer some headwinds to crude tanker rates in 2017.

Oil and fuel oil hedging market update
24 Feb 2017 08:47 GMT
By the Oil Desk at Freight Investor Services.

Another inventory surprise gave short-term blip
24 Feb 2017 08:36 GMT
By A/S Global Risk Management.

Shanghai Bluesoul signs scrubber partnership with Chinese yard
23 Feb 2017 12:10 GMT
Scrubber manufacturer in tie-up with Shanghai Huarun Dadong Dockyard.

Grindrod's bunker barge business has positive impact, but losses expected
23 Feb 2017 11:05 GMT
Company reports 'gradual improvement' in H2, but forecasts losses of around $130 million.

Oil and fuel oil hedging market update
23 Feb 2017 09:42 GMT
By the Oil Desk at Freight Investor Services.

Surprise draw in crude oil stocks supports oil prices
23 Feb 2017 09:36 GMT
By A/S Global Risk Management.

Teekay's first MEGI-powered LNG tanker completes first year
23 Feb 2017 08:49 GMT
Fuel consumption of MEGI vessels is said to be lower than most DFDE propulsion systems.

Matson Q4 results impacted by rise in bunker prices
23 Feb 2017 06:29 GMT
Bunker price increase between mid-November and December had a negative impact on Q4, shipper says.

Woodside plans LNG bunker hub in Pilbara
22 Feb 2017 10:45 GMT
Development of a 'Burrup hub' outlined as a key priority for 2017.

EVOL LNG plans to double delivery capacity
22 Feb 2017 08:51 GMT
LNG supplier intends to invest in system that will allow two tankers to discharge at the same time.

MHI-MME retrofits 80 LNGCs to run on 2020-compliant fuel
22 Feb 2017 08:48 GMT
Japanese firm says its technology for main boilers can also be used with ULSFO.

Oil prices inched up on OPEC comments
22 Feb 2017 08:39 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
22 Feb 2017 08:37 GMT
By the Oil Desk at Freight Investor Services.

Steel cut for world's first cruise ship powered at sea by LNG
22 Feb 2017 07:25 GMT
Vessel is the first cruise ship that can be run completely on LNG.

Brexit 'could harm our business', warns World Fuel Services
21 Feb 2017 12:49 GMT
Company warns of lower US dollar results, reduced customer budgets, exposure to risk and higher legal costs.

MSC Cruises ship passes MARPOL scrubber test
21 Feb 2017 11:02 GMT
Another vessel, the MSC Preziosa, is scheduled for sea trials in May.

IBIA celebrates 24th Annual Dinner
21 Feb 2017 10:09 GMT
Association introduces new chief executive and board members.

Today's direction: up or maybe down?
21 Feb 2017 08:53 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
21 Feb 2017 08:50 GMT
By the Oil Desk at Freight Investor Services.

Hyundai, KSS Line ink deal to retrofit ships with scrubbers
21 Feb 2017 08:42 GMT
Hyundai Global Services enters the scrubber market, secures first contract.

Praxis Market Update
20 Feb 2017 14:03 GMT
Market update from Praxis Energy Agents S.A.

ECSA rues port and cargo support for EU ETS
20 Feb 2017 12:39 GMT
Association believes regional ETS jeopardises global roadmap commitment.

First LNG bunker delivery completed in Fremantle
20 Feb 2017 10:25 GMT
Platform supply vessel was refuelled with LNG on 19th February.

Oil prices steady despite U.S. oil rig increase
20 Feb 2017 08:58 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
20 Feb 2017 08:55 GMT
By the Oil Desk at Freight Investor Services.

Cepsa starts selling 0.1% ULSFO in Algeciras Bay
20 Feb 2017 07:57 GMT
Spanish firm is first in the Strait of Gibraltar to offer 2020-compatible ULSFO.

Viking Line reports drop in bunker costs, income
17 Feb 2017 12:37 GMT
Ferry operator expects bunker expenses to increase in 2017.

Odfjell posts lower net bunker costs, higher average price
17 Feb 2017 10:36 GMT
Norwegian firm issues preliminary report for the full year and fourth quarter of 2016.

Oil and fuel oil hedging market update
17 Feb 2017 09:30 GMT
By the Oil Desk at Freight Investor Services.

Potential extension of oil production cut deal
17 Feb 2017 9:23 GMT
By A/S Global Risk Management.

Vopak posts EUR 326.1 net profit in 2016
17 Feb 2017 07:18 GMT
"We are on the right track ," says CEO.

Vopak to build Gauteng terminal, expand in Durban
17 Feb 2017 07:18 GMT
Terminal operator confirms intention to expand its activities in South Africa.

Aegean to hold Q4, full-year earnings call in March
16 Feb 2017 11:41 GMT
Bunker firm's earnings call to take place the day after the announcement of its Q4 and full-year results.

Rotterdam confirms 9.7% drop in fuel oil throughput in 2016
16 Feb 2017 11:13 GMT
Seagoing vessels handled 5.7 million tonnes less fuel oil last year.

BC Ferries' second LNG-powered vessel sets sail for Canada
16 Feb 2017 10:17 GMT
Dual-fuel ferry, the Salish Eagle, is due to arrive in British Columbia in April.

Genoil appoints Middle East VP
16 Feb 2017 09:23 GMT
Hiring of Raushan Telyashev is designed to drive growth for the clean tech company.

Oil and fuel oil hedging market update
16 Feb 2017 09:21 GMT
By the Oil Desk at Freight Investor Services.

Praxis Market Update
15 Feb 2017 14:51 GMT
Market update from Praxis Energy Agents S.A.

Dan-Bunkering hires two traders in Monaco
15 Feb 2017 14:07 GMT
Pascal Bellet and Dimitris Ardamis join Dan-Bunkering's trading team.

SEA\LNG coalition adds three members
15 Feb 2017 12:07 GMT
Bureau Veritas, Clean Marine Energy and Gas Natural Fenosa join LNG alliance.

World Fuel Services sold 31.4m tonnes of marine fuel in 2016
15 Feb 2017 10:43 GMT
Sales figure is 1.3 million tonnes lower than 2015.

World's first purpose-built LNG bunkering vessel delivered
15 Feb 2017 08:42 GMT
New vessel to supply LNG to ships from its home port in Belgium.

Another huge crude inventory build - what will today bring?
15 Feb 2017 8:33 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
15 Feb 2017 08:32 GMT
By the Oil Desk at Freight Investor Services.

WFS posts 21.2% fall in marine gross profit in 2016
15 Feb 2017 00:02 GMT
Gross profit up for aviation and land segments, but down $40.1 million for marine.

World's first dual-fuel feeder conversion slated for May
14 Feb 2017 15:38 GMT
Conversion will enable the Wes Amelie to operate on LNG.

Praxis Market Update
14 Feb 2017 13:41 GMT
Market update from Praxis Energy Agents S.A.

New ISO standard for LNG bunkering
14 Feb 2017 12:18 GMT
ISO 20519:2017 sets requirements for LNG bunkering systems and equipment which are not covered by the IGC Code.

PDZ says bunker claims of more than $850k will have 'minimal' impact
14 Feb 2017 11:59 GMT
Malaysian owner notes that solicitors believe it has a 'strong arguable case to challenge the arrest'.

Brightoil to hold board meeting to approve H2 results
14 Feb 2017 09:31 GMT
Board meeting to be held on 24th February.

Oil and fuel oil hedging market update
14 Feb 2017 08:40 GMT
By the Oil Desk at Freight Investor Services.

Crude oil prices drop on strengthening USD and rising shale output
14 Feb 2017 7:36 GMT
By A/S Global Risk Management.

Bunker growth helps Brightoil achieve unaudited profit rise
13 Feb 2017 11:36 GMT
Brightoil says bunker business recorded an increase in sales volume and margins in H2.

Genoil and Bomin sign MoU to develop 2020-compliant fuels
13 Feb 2017 10:28 GMT
Collaboration to combine Genoil's proprietary technology with Bomin's supply and storage network.

Singapore records best monthly sales figure in its history
13 Feb 2017 09:35 GMT
Asian port starts the year with a bang as 380 cSt sales hit new high.

OPEC report could spur volatility today
13 Feb 2017 8:50 GMT
By A/S Global Risk Management.

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

Gazpromneft-Lubricants claims 36% market share in Russia
13 Feb 2017 08:37 GMT
Marine lubricant supplier says it sold 14,000 tonnes last year.

S&P upgrades Petrobras's credit rating
13 Feb 2017 07:49 GMT
Credit rating for the Brazilian company's debt raised to 'BB-'.

Ecoslops announces 'key successes' as revenue jumps EUR 2m in 2016
10 Feb 2017 15:35 GMT
Company plans to seal deals for two industrial units in 2017.

Praxis Market Update
10 Feb 2017 14:23 GMT
Market update from Praxis Energy Agents S.A.

Rotterdam records drop in fuel oil, liquid bulk throughput in 2016
10 Feb 2017 14:18 GMT
Port handled 0.5% less liquid bulk; total throughput fell 1.1%.

Zeaborn acquires MCC Marine's bunker broking business
10 Feb 2017 12:43 GMT
Business operations of Rickmers-Linie acquired in deal signed on 7th February.

Ship-Service hires two bunker traders
10 Feb 2017 10:37 GMT
Agnieszka Miner and Konrad Kacak join trading team.

Certas Energy launches Thames distillate facility
10 Feb 2017 09:01 GMT
UK supplier offering MGO by pipeline and truck.

Oil and fuel oil hedging market update
10 Feb 2017 08:55 GMT
By the Oil Desk at Freight Investor Services.

Oil prices trade in tight range - for now
10 Feb 2017 8:46 GMT
By A/S Global Risk Management.

Praxis Market Update
09 Feb 2017 14:10 GMT
Market update from Praxis Energy Agents S.A.

Bunkernet launches corporate rebranding, newly designed website
09 Feb 2017 12:36 GMT
Rebranding campaign launched under the slogan 'Solutions. Delivered'.

IBIA appoints Justin Murphy as new chief executive
09 Feb 2017 10:52 GMT
Murphy to succeed Peter Hall as chief executive on 13th February.

Shell seals deal to supply LNG-fuelled dredger
09 Feb 2017 10:18 GMT
Vessel is expected to begin operating in Rotterdam next year.

Despite another crude oil stock build, oil is up
09 Feb 2017 10:03 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
09 Feb 2017 09:00 GMT
By the Oil Desk at Freight Investor Services.

WSS urges operators to perform onboard fuel tests
09 Feb 2017 07:58 GMT
Onboard tests enable crews to take preventative measures before fuel issues become critical, highlights WSS manager.

Praxis Market Update
08 Feb 2017 15:19 GMT
Market update from Praxis Energy Agents S.A.

Maersk Line spent $700 million less on fuel in 2016
08 Feb 2017 12:22 GMT
Bunker costs were 25% lower and the average bunker price fell by 29.2%.

Bomin Linde completes first LNG bunker delivery in Rostock
08 Feb 2017 11:44 GMT
The chemical tanker Fure West was supplied with LNG on 2nd February.

Study to look into fuel savings from rigid sail technology
08 Feb 2017 09:01 GMT
More than a dozen ships to be included in Eco Marine Power study.

Oil and fuel oil hedging market update
08 Feb 2017 09:00 GMT
By the Oil Desk at Freight Investor Services.

Crude oil stock build five times higher than expected
08 Feb 2017 08:10 GMT
By A/S Global Risk Management.

Praxis Market Update
07 Feb 2017 15:11 GMT
Market update from Praxis Energy Agents S.A.

Monjasa appoints Head of Credit
07 Feb 2017 14:48 GMT
In his previous banking sector role, Anders Egelund specialised in the oil and shipping sectors.

Scandlines hybrid ferries rejoin Rostock-Gedser route
07 Feb 2017 12:31 GMT
Vessels back in action following work that involved rebuilding the injection system.

Aegean to present at Florida transportation event
07 Feb 2017 10:13 GMT
Stifel Transportation and Logistics Conference takes place next week.

Oil slightly down ahead of oil stock data
07 Feb 2017 10:03 GMT
By A/S Global Risk Management.

Neste renames Oil Retail business, Oil Products unaffected
07 Feb 2017 09:11 GMT
Oil Retail business will from now on be called Marketing & Services.

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

Canadian bunker vessel back in operation
07 Feb 2017 07:58 GMT
The Algoma Dartmouth stopped carrying out deliveries in early January.

New head of Total Lubmarine shares vision
06 Feb 2017 18:03 GMT
GM aiming to develop solutions for ships operating in poor freight markets in a low-sulphur era.

Praxis Market Update
06 Feb 2017 15:09 GMT
Market update from Praxis Energy Agents S.A.

World Fuel Services welcomes introduction of MFMs in Singapore
06 Feb 2017 15:03 GMT
Bunker firm publishes white paper on mass flow meter technology.

Chennai spill enquiry launched as minister claims it was 'human error'
06 Feb 2017 14:25 GMT
Directorate General of Shipping to look into the factors that caused the incident.

BSM targets LNG bunkering in 'many geographic locations'
06 Feb 2017 10:15 GMT
BSM and Babcock to launch first of 'multiple' LNG bunker ships in 2018.

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

Corvus Energy makes Global Cleantech 100 list
06 Feb 2017 07:42 GMT
Energy storage system manufacturer selected by expert panel.

Brent oil price remains in the upper fifties
06 Feb 2017 06:30 GMT
By A/S Global Risk Management.

Trawler owners take MOBC to court, alleging watered-down fuel
03 Feb 2017 12:41 GMT
Owners of fishing vessel claim they were supplied with off-spec product.

Total named CMA CGM's multifuel supplier in three-year deal
03 Feb 2017 10:28 GMT
Boxship operator to be supplied with LNG and fuel oil with a sulphur content of 0.5% and 3.5%.

Bullish sentiment remains
03 Feb 2017 09:29 GMT
By A/S Global Risk Management.

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

New fuel-saving hybrid ferry launched in Kaohsiung
03 Feb 2017 08:36 GMT
Government also plans to retrofit the rest of its diesel fleet.

World Fuel Services to release Q4 and full-year results
03 Feb 2017 07:16 GMT
Management to hold earnings call to discuss the firm's results later this month.

MEPs push for Arctic HFO ban
02 Feb 2017 15:35 GMT
MEPs say the EU should 'speak with one voice' and potentially ban the use and carriage of HFO at EU ports.

Praxis Market Update
02 Feb 2017 14:15 GMT
Market update from Praxis Energy Agents S.A.

Balearia orders two LNG-fuelled ferries
02 Feb 2017 13:57 GMT
Vessels are expected to be operational by the end of 2018.

Oil and fuel oil hedging market update
02 Feb 2017 09:10 GMT
By the Oil Desk at Freight Investor Services.

Shortlived blip on oil stocks build, geopolitics rules
02 Feb 2017 08:12 GMT
By A/S Global Risk Management.

'Business as usual' for Dan-Bunkering in Cartagena despite Petrocosta liquidation
02 Feb 2017 00:02 GMT
Liquidator says Petrocosta 'will continue with its normal operations'.

Praxis Market Update
01 Feb 2017 14:54 GMT
Market update from Praxis Energy Agents S.A.

Shell expects LNG bunker barge to be operational this summer
01 Feb 2017 11:51 GMT
Vessel's pumping rate will be 1,000 cubic metres per hour, says marine development manager.

Neste sells terminal in Pietarsaari
01 Feb 2017 10:23 GMT
Finnish firm says facility would have required further investment to be used to store oil products.

Oil trading sideways - awaiting oil stocks report and central bank statement
01 Feb 2017 08:54 GMT
By A/S Global Risk Management.

Total inks deal to supply new Brittany Ferries vessel with LNG
01 Feb 2017 08:54 GMT
Vessel is due to operate on the Portsmouth to Caen cross-Channel route in 2019.

Oil and fuel oil hedging market update
01 Feb 2017 08:50 GMT
By the Oil Desk at Freight Investor Services.

Halifax bunker vessel expected to return this week
01 Feb 2017 07:52 GMT
The Algoma Dartmouth has been out of operation since 7th January.



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