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Home » News » News Archive - March 2017


News Archive - March 2017

Praxis Market Update
30 Mar 2017 15:27 GMT
Market update from Praxis Energy Agents S.A.

Bomin Linde to rebrand as Nauticor
30 Mar 2017 15:22 GMT
Name change to become effective from 1st April.

ClassNK to host bunker-related presentations in Japan
30 Mar 2017 13:23 GMT
Presentations to cover the latest innovations in alternative fuels and related technologies.

Senior Sinopec fuel oil exec leaves to join e-platform: source
30 Mar 2017 12:50 GMT
VP Xu Qin is said to have joined Shanghai-based ChinaYIE.

Fluxys lauds Zeebrugge jetty 'milestone' for LNG bunkering
30 Mar 2017 10:04 GMT
Net profit falls 20.6 percent, small-scale LNG business 'enjoys continued success'.

Oil trends upwards on oil stocks data, supply disruptions
30 Mar 2017 09:53 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
30 Mar 2017 09:31 GMT
By the Oil Desk at Freight Investor Services.

Praxis Market Update
29 Mar 2017 13:58 GMT
Market update from Praxis Energy Agents S.A.

LNG bunker coalition adds three new members
29 Mar 2017 11:35 GMT
JAX LNG, Petronet LNG and Toyota Tsusho Corporation join SEA\LNG.

Maersk, AkzoNobel in tie-up to slash carbon emissions
29 Mar 2017 10:46 GMT
Companies aim to reduce carbon emissions per container shipped by 10 percent.

World Fuel Services starts supplying at Nederland Terminal, Texas
29 Mar 2017 10:17 GMT
Company selling 380 cSt and 0.1% MGO as exclusive supplier at the Sunoco Logistics facility.

Leaving $50 behind as Libya, production cut deal take centre stage
29 Mar 2017 08:58 GMT
By A/S Global Risk Management.

Spain's official gazette confirms approval of LNG bunkering in Gijon
29 Mar 2017 08:57 GMT
Spanish port intends to start truck-to-ship bunkering of LNG 'in the coming months'.

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

Carnival posts 58.8% rise in Q1 bunker expenses
28 Mar 2017 15:35 GMT
Cruise line achieves rise in Q1 earnings as average fuel price increases to $362 per tonne.

Quadrise confirms two-shift production at Cepsa refinery
28 Mar 2017 13:46 GMT
Manufacturing unit at San Roque switched to 24-hour production in January.

Navigazione Montanari ship achieves 30% bunker savings in two-year project
28 Mar 2017 10:37 GMT
Savings realized thanks to modification for reducing the fuel consumption of Alfa Laval Smit Combustion inert gas systems.

ABB to power new LNG FSRU
28 Mar 2017 09:56 GMT
ABB's power and propulsion system will work in conjunction with the duel-fuel diesel engine plant.

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

Fed speeches and oil stock data ahead
28 Mar 2017 08:12 GMT
By A/S Global Risk Management.

Praxis Market Update
27 Mar 2017 13:34 GMT
Market update from Praxis Energy Agents S.A.

Study to examine developing bio LNG as transport fuel in Rotterdam
27 Mar 2017 10:33 GMT
Project partners aim to complete the study by the second half of this year.

Arkas expands fleet with two bunker tankers
27 Mar 2017 09:03 GMT
Turkish firm increases size of bunker supply fleet to seven.

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

U.S. continues to add oil rigs
27 Mar 2017 08:49 GMT
By A/S Global Risk Management.

BMS United Bunkers seeks trader trainee
27 Mar 2017 07:23 GMT
Bunker firm looking to recruit employee in Piraeus, Greece.

NASSCO launches last ship in LNG-ready tanker program
27 Mar 2017 06:03 GMT
Built for American Petroleum Tankers, the Palmetto State was launched in San Diego.

Praxis Market Update
24 Mar 2017 14:20 GMT
Market update from Praxis Energy Agents S.A.

California clamps down on methane leaks from oil and gas facilities
24 Mar 2017 13:25 GMT
New regulation requires quarterly monitoring of methane emissions from oil and gas facilities.

Unioil reaches 18-month milestone as LNG bunker supplier
24 Mar 2017 11:23 GMT
Danish firm focusing on developing its LNG bunker supply business in Europe.

Waiting for oil rig count
24 Mar 2017 11:14 GMT
By A/S Global Risk Management.

World's first purpose-built LNG bunkering vessel set to arrive in Zeebrugge next week
24 Mar 2017 08:45 GMT
Vessel will be used to supply LNG bunkers to ships operating in northern Europe.

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

Cosco Shipping posts 71.5% bunker sales growth, drop in profit
24 Mar 2017 07:04 GMT
Sinfeng Marine Services achieves an increase in sales volume of almost 1 million tonnes.

Calpam launches bunker operation covering all French ports
23 Mar 2017 16:14 GMT
Supplier offering truck delivery of low-sulphur marine gas oil.

New report highlights role of LNG in cleaner marine transport
23 Mar 2017 14:19 GMT
IGU report released at Thursday's G20 Energy Sustainability Working Group.

Saga Cruises awards hybrid scrubber contract
23 Mar 2017 09:47 GMT
Yara Marine Technologies to supply newbuild ferry, with an option for a second vessel.

Strong resistance around $50
23 Mar 2017 09:32 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
23 Mar 2017 08:48 GMT
By the Oil Desk at Freight Investor Services.

Barcelona plans to reward clean ships with 40% incentive
23 Mar 2017 07:52 GMT
Green ship initiative comes as Spanish port develops infrastructure for the supply of LNG.

MAN engines to power Australian Navy replenishment oilers
23 Mar 2017 05:45 GMT
Shipset deliveries scheduled for December 2017 and June 2018.

Praxis Market Update
22 Mar 2017 14:16 GMT
Market update from Praxis Energy Agents S.A.

NewOcean bunker sales boosted by China growth
22 Mar 2017 13:23 GMT
Supplier posts increase in 2016 bunker sales and revenue, but a decline in profit.

New ISO marine fuel standard ushers in specs for biofuel blends
22 Mar 2017 11:26 GMT
Distillate grades DFA, DFZ and DFB permit up to 7% fatty acid methyl ester (FAME).

Oil and fuel oil hedging market update
22 Mar 2017 08:39 GMT
By the Oil Desk at Freight Investor Services.

40ties here we come?
22 Mar 2017 08:28 GMT
By A/S Global Risk Management.

Shipping confidence holds steady despite industry and political pressures
22 Mar 2017 07:03 GMT
Most popular one-year crude price prediction was $50-$59 per barrel.

Crowley launches LNG-fuelled ConRo ship
22 Mar 2017 06:18 GMT
El Coqui is the first of two Crowley ConRo vessels powered by LNG.

Operators urged to take soundings in wake of Singapore piping 'irregularities'
21 Mar 2017 13:08 GMT
Vessel operators advised to also use a 'reputable' bunker surveyor.

MAN engines selected for US Navy replenishment oilers
21 Mar 2017 11:15 GMT
Fleet of 17 bunker-supplying ships will each have the capacity to carry 156,000 barrels of fuel oil.

Will inventory reports lead the way?
21 Mar 2017 09:39 GMT
By A/S Global Risk Management.

Van Oord 'proud' of decision to build LNG-fuelled ship
21 Mar 2017 09:20 GMT
Net profit fell 46.6% in 2016 amid 'worsening conditions in the dredging and offshore oil and gas markets'.

Oil and fuel oil hedging market update
21 Mar 2017 08:46 GMT
By the Oil Desk at Freight Investor Services.

BC Ferries' second LNG-fuelled vessel delivered in Canada
21 Mar 2017 08:15 GMT
Salish Eagle is due to enter service at the end of June.

Black Sea bunker trader joins new supplier
20 Mar 2017 17:05 GMT
Andrey Zubov appointed trader at Fast Bunker Trade Ltd.

BMS United promotes trader
20 Mar 2016 15:24 GMT
George Makrakis promoted to the role of Maritime Lubricants Manager & Senior Bunker Trader.

PureSOx scrubber development continues
20 Mar 2017 12:34 GMT
Alfa Laval pursuing improvements and options to make scrubber more flexible and optimized.

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

Oil rig count and mixed oil producers' voices weigh on prices
20 Mar 2017 08:29 GMT
By A/S Global Risk Management.

Terntank takes delivery of fourth LNG-fuelled vessel
17 Mar 2017 12:31 GMT
The Tern Ocean is the fourth of a quartet of 15,000-dwt tankers built for Terntank Rederi.

Alfa Laval to deliver first booster system for LPG-fuelled ships
17 Mar 2017 10:57 GMT
Company's low-flashpoint methanol booster systems have already logged more than 4,500 running hours.

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

Saudi comments and all eyes on oil rig count
17 Mar 2017 09:02 GMT
By A/S Global Risk Management.

Preem, Vattenfall in large-scale biofuel production tie-up
17 Mar 2017 09:02 GMT
Companies to study using hydrogen gas for the production of biofuel.

Somali pirates release bunkering tanker and crew
17 Mar 2017 06:50 GMT
Pirates are said to have disembarked the ship following negotiations with officials and local elders.

EU Arctic resolution vote calls for HFO ban
16 Mar 2017 13:55 GMT
Resolution passed by European Parliament in 483/100 plenary vote.

Boost for bunkering as India approves use of LNG as auto fuel
16 Mar 2017 11:55 GMT
LNG pumps to be made available at service stations across the country.

Ecoslops in Suez plant study, investment tie-up
16 Mar 2017 10:25 GMT
Letter of intent signed with EGPC subsidiary SSCO.

Oil and fuel oil hedging market update
16 Mar 2017 08:54 GMT
By the Oil Desk at Freight Investor Services.

Neil Lamerton launches bunker broking business
16 Mar 2017 08:35 GMT
New company also offering technical advice, risk management, consultancy and dispute resolution services.

Bye bye $50
16 Mar 2017 08:28 GMT
By A/S Global Risk Management.

Baltic LNG bunkering network gains momentum
15 Mar 2017 14:36 GMT
'Blue Baltics' project partners meet in Lithuania.

Scheveningen launches shore power installation
15 Mar 2017 11:48 GMT
Seven shore power connection points are now available at the Dutch port.

Gulf Petrochem makes strategic appointment
15 Mar 2017 10:16 GMT
Former Bharat Petroleum executive director, Rakesh Mehra, joins UAE firm.

LNG-fuelled design concept gets go-ahead
15 Mar 2017 09:29 GMT
Bulker version's LNG containment system would enable the vessel to travel for 100 days without refuelling.

Oil and fuel oil hedging market update
15 Mar 2017 08:36 GMT
By the Oil Desk at Freight Investor Services.

Huge volatility as mixed news hits the market
15 Mar 2017 08:03 GMT
By A/S Global Risk Management.

Singapore supplier has five tankers suspended over MFM 'irregularities'
14 Mar 2017 14:49 GMT
MPA finds 'irregularities with the piping fixtures' of five Panoil vessels.

Gener8 sees bunker costs jump 31% in 2016
14 Mar 2017 12:17 GMT
Aegean sold 69% of total, but $3 million less than the previous year.

Ektank orders bunker-saving shaft generators
14 Mar 2017 10:18 GMT
WE Tech solution is said to produce 'tons of fuel savings'.

Project to fit rotor sails on first product tanker expected to slash bunker costs by 7-10%
14 Mar 2017 09:03 GMT
Wind-powered technology to be installed on board a Maersk Tankers vessel in 2018.

Oil and fuel oil hedging market update
14 Mar 2017 08:51 GMT
By the Oil Desk at Freight Investor Services.

The waiting game
14 Mar 2017 08:37 GMT
By A/S Global Risk Management.

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

Gener8 profit plunges as operating costs rise
13 Mar 2017 12:49 GMT
CEO highlights higher rates for fuel-efficient Eco VLCCs.

LNG, onshore power discussed at Green InfraPort seminar
13 Mar 2017 10:05 GMT
Presentations on bunker-related issues at Transport Week 2017.

Oil and fuel oil hedging market update
13 Mar 2017 09:41 GMT
By the Oil Desk at Freight Investor Services.

Oil prices around 3-month low
13 Mar 2017 09:26 GMT
By A/S Global Risk Management.

OOIL posts $219m loss, highlights higher H2 bunker prices
13 Mar 2017 08:36 GMT
Drop in revenue recorded despite a 9.1 percent rise in liftings.

Aegean Marine Petroleum goes ex-dividend
13 Mar 2017 06:14 GMT
Dividend payments on Aegean shares traded on or after 13th March will go to the seller.

Construction of UK's first dual-fuel ships nears milestone
10 May 2017 14:12 GMT
First ship approaching 75% steelwork fabrication, second vessel following closely behind.

Van Oord orders first LNG-powered vessel
10 Mar 2017 12:28 GMT
Project to be used as learning experience as firm explores the use of alternative fuels.

Zim launches emissions calculator
10 Mar 2017 11:27 GMT
Tool calculates CO2 and SOx emissions from Zim vessels.

Crowley video shows construction of Jaxport LNG bunker facility
10 Mar 2017 09:41 GMT
Facility to be used to supply Crowley's new LNG-powered ConRo ships.

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

Brent oil price remains in the low fifties
10 Mar 2017 09:14 GMT
By A/S Global Risk Management.

LNG Gorskaya in UK tie-up to attract bunker project financing
09 Mar 2017 15:41 GMT
Company aims to finance the construction of LNG bunkering hubs in northern Europe.

Praxis Market Update
09 Mar 2017 13:55 GMT
Market update from Praxis Energy Agents S.A.

Grindrod issues annual report
09 Mar 2017 11:33 GMT
Report follows release of audited results on 2nd March, with Cockett Marine Oil posting a loss.

LOI signed to equip boat with fuel cells
09 Mar 2017 10:21 GMT
Planned collaboration comprises feasibility study, vessel construction and commercialization.

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

Lotos achieves record results in 2016
09 Mar 2017 08:42 GMT
Bunker player posts best net profit in its history.

Oil breaks through the tight range
09 Mar 2017 08:12 GMT
By A/S Global Risk Management.

Praxis Market Update
08 Mar 2017 14:30 GMT
Market update from Praxis Energy Agents S.A.

SEA\LNG and SGMF sign MoU
08 Mar 2017 14:06 GMT
LNG organisations cooperate to define separate but complementary missions.

Unioil appoints Sales and Business Development Manager
08 Mar 2017 13:35 GMT
Kristian Korsgaard Pedersen joins Unioil from Glander International Bunkering.

ExxonMobil tackles fuel switching in latest video
08 Mar 2017 11:53 GMT
Oil major covers planning, avoiding thermal shock and controlling temperature and viscosity.

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

Neste sets out Baltic strategy following record year
08 Mar 2017 09:01 GMT
Aims include improving supply capacity, a safety programme and refinery merger.

11.6m barrels of crude added to already swelling crude oil stocks
08 Mar 2017 08:12 GMT
By A/S Global Risk Management.

BC Ferries' second LNG-fuelled vessel reaches west coast of North America
08 Mar 2017 07:24 GMT
Salish Eagle is the second of three LNG-powered vessels ordered by BC Ferries.

Bunker trader relocates to US, earns promotion
07 Mar 2017 13:41 GMT
Oscar Obregon named Development Manager, Mexico and Central America.

Air Liquide, AG&P to develop small-scale LNG infrastructure in Asia
07 Mar 2017 12:25 GMT
Companies to combine to offer fully integrated solutions for LNG distribution.

Rotterdam targets 'virtually zero' emissions by 2050
07 Mar 2017 11:29 GMT
Port aims to play key role in accelerating the 'energy transition'.

Oil and fuel oil hedging market update
07 Mar 2017 08:43 GMT
By the Oil Desk at Freight Investor Services.

Comments and oil stock data could cause intraday volatility
07 Mar 2017 08:35 GMT
By A/S Global Risk Management.

Praxis Market Update
06 Mar 2017 14:01 GMT
Market update from Praxis Energy Agents S.A.

CYE Petrol achieves 34% jump in bunker sales in 2016
06 Mar 2017 12:52 GMT
Supplier forecasts sales of more than half a million tonnes this year.

Vitol to acquire Petrol Ofisi for EUR 1,368 million
06 Mar 2017 10:12 GMT
Deal comes a year after OMV's decision to put the Turkish business up for sale.

Corvus energy storage system to reduce fuel costs for new polar cruise ships
06 Mar 2017 09:08 GMT
Orca ESS has been selected for two new polar expedition vessels.

Oil and fuel oil hedging market update
06 Mar 2017 08:58 GMT
By the Oil Desk at Freight Investor Services.

Mixed news keeps oil within a tight range
06 Mar 2017 08:52 GMT
By A/S Global Risk Management.

World Fuel Services declares quarterly cash dividend
06 Mar 2017 08:18 GMT
Dividend payout is in line with the amount paid over the last two years.

LNG-ready tanker delivered to SEA-Vista
03 Mar 2017 14:30 GMT
Tanker is seventh in an eight-ship ECO-class tanker program for two separate customers.

Praxis Market Update
03 Mar 2017 14:18 GMT
Market update from Praxis Energy Agents S.A.

Black Sea bunker supplier shuts down operation
03 Mar 2017 13:34 GMT
Specialist Black Sea trader with more than 20 years' experience seeks employment.

Tech chief 'convinced' big cruise line will back battery power in 2017
03 Mar 2017 10:49 GMT
Change to batteries, fuel cells coming 'sooner rather than later', says Foreship's new Head of Technology.

Aegean expecting 'strong growth' from bunker trading
03 Mar 2017 09:05 GMT
Bunker firm forecasts positive future for trading as division sells 12.9% of Q4 volumes.

Bears dominated the market yesterday
03 Mar 2017 08:56 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
3 Mar 2017 08:41 GMT
By the Oil Desk at Freight Investor Services.

ClassNK receives EU MRV accreditation from UKAS
02 Mar 2017 12:53 GMT
Classification society gets green light from UK accreditation body.

Bureau Veritas gains UKAS EU MRV accreditation
02 Mar 2017 12:23 GMT
Classification society approved to carry out assessments and verifications for EU MRV regulation compliance.

Alfa Laval begins gas testing at newly expanded facility
02 Mar 2017 11:34 GMT
1,100 cbm added to focus on combustion technologies for gas and other fuel alternatives.

Glander International Bunkering hires Sales Manager in Geneva
02 Mar 2017 09:57 GMT
Appointment described as being a 'pivotal step' in strengthening Geneva trading team.

Oil drops slightly as U.S. inventories swell
02 Mar 2017 09:10 GMT
By A/S Global Risk Management.

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

Aegean sells 16.5m tonnes in 2016, net income jumps 44.7%
02 Mar 2017 08:56 GMT
Bunker firm records rise in net income and gross profit despite drop in revenue.

Seaspan confirms arrival of second LNG-fuelled vessel
01 Mar 2017 13:39 GMT
The Seaspan Reliant can be powered by diesel, LNG and battery.

Verifavia receives accreditation as a global EU MRV verifier
01 Mar 2017 12:17 GMT
UKAS accreditation recognises Verifavia's ability to offer full scope of EU MRV verification services worldwide.

Singapore 380 cSt ends Feb up 5.2%, monthly average drops 3.8%
01 Mar 2017 11:17 GMT
Monthly price summary at the world's leading bunker port.

Oil stocks take centre stage today
1 Mar 2017 08:58 GMT
By A/S Global Risk Management.

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



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