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Home » News » News Archive - May 2017


News Archive - May 2017

Rolls-Royce showcases new gas and diesel engines at Nor-Shipping
30 May 2017 12:27 GMT
First certified MTU gas engines for commercial marine applications; Series 4000 diesel engines for IMO III and EPA Tier 4.

Rolls-Royce launches V-line version of B33:45 engine
30 May 2017 11:58 GMT
At 750 rpm, fuel consumption at 100% load is said to be 176g/kWh.

MTU's Stefan Muller talks bunker-saving hybrid drives
30 May 2017 10:54 GMT
Muller discusses the benefits of hybrid solutions and the applications to which they are particularly suited.

Brent oil price remains in the lower fifties
30 May 2017 9:02 GMT
By A/S Global Risk Management.

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

PSV to achieve '1 tonne of fuel savings per day' with energy storage system
30 May 2017 08:11 GMT
Orca ESS is to be installed on another Eidesvik platform supply vessel.

The week following the OPEC meeting
29 May 2017 12:19 GMT
By A/S Global Risk Management.

ABS launches app to simplify compliance reporting
29 May 2017 10:32 GMT
Software is designed to facilitate compliance with a range of regulations, including EU MRV.

Biofuel-powered shipping route to launch from Rotterdam to New York
29 May 2017 08:21 GMT
The first 'Good Trade Lane' is scheduled to launch in September.

Natural gas 'has bright prospects as a bunker fuel': Alexey Miller
29 May 2017 07:51 GMT
Gazprom's CEO is upbeat about LNG bunkering during conference address in Vienna.

VPS releases revised code of practice for bunker quantity surveying
29 May 2017 07:06 GMT
Code of practice been developed in two sections and covers quality control of the field surveyor.

More ships can achieve 'six-figure' fuel savings with new frame size for turbocharging solution: ABB
26 May 2017 11:12 GMT
ABB says new frame size for Power2 800-M will allow more vessel types to save fuel.

New supply chain development sees first LNG STS transfer in the Philippines
26 May 2017 09:09 GMT
Business model seen as a solution for developing markets to gain access to LNG volumes, reducing barriers to market entry.

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

Stolt-Nielsen orders two dual-fuel ships, with options for another three
26 May 2017 08:12 GMT
Vessels will be capable of running on distillates or LNG and built for ship-to-ship bunkering.

Crude oil prices fall almost 5% despite extension of OPEC/non-OPEC production cuts
26 May 2017 07:24 GMT
By A/S Global Risk Management.

Gulf Petrochem launches Russia and Baltic trading desk
26 May 2017 00:02 GMT
Desk headed by former Gazpromneft Marine Bunker sales manager, Boris Kuftyrev.

Titan LNG doubles speed of bunker deliveries in Amsterdam
25 May 2017 13:15 GMT
Supplier uses 'T-piece' to combine the flow of fuel from two trucks into one bunkering hose.

Lukoil 'ready' with cylinder oil for distillates and low-sulphur hydrocarbon blends
25 May 2017 11:53 GMT
NAVIGO MCL Extra replaces NAVIGO 40 MCL.

Aegean announces plan to cut annual operating costs by $20 million
25 May 2017 10:31 GMT
Majority of cost reductions to be implemented in H2, Aegean says.

Oil and fuel oil hedging market update
25 May 2017 07:55 GMT
By the Oil Desk at Freight Investor Services.

Osaka Gas to supply Japan's first LNG-fuelled tug in 2019
25 May 2017 07:37 GMT
MOL-owned tug has been slated for construction at Kanagawa Dockyard.

OPEC meeting in Vienna today - what will it do for oil prices today and in the future?
25 May 2017 07:05 GMT
By A/S Global Risk Management.

Aegean Marine Petroleum's share price plummets more than 30%
24 May 2017 15:02 GMT
Stifel calls Q1 results 'one of the worst quarters in the company's history'.

Strict regs will put short-term compliance methods into the 'too hard' basket: Purio
24 May 2017 13:57 GMT
LNG Marine Fuel Institute CEO sees vessel docking for conversion to LNG as a key challenge.

Shipping 'not on track' to meet 2025 fuel efficiency target: IEA
24 May 2017 11:41 GMT
IEA recommends measures to help improve the fuel efficiency of ships.

Aegean posts 88.1% drop in net income despite rise in revenue, sales volume
24 May 2017 09:18 GMT
CEO says results 'do not reflect the overall strength of our business' as company pursues 'more asset-light model'.

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

The day before the day
24 May 2017 07:51 GMT
By A/S Global Risk Management.

First Europe-built LNG bunker vessel christened in ceremony
23 May 2017 12:57 GMT
The Coralius was named in a ceremony held on May 22.

World Fuel Services heads to Nor-Shipping
23 May 2017 11:31 GMT
WFS to showcase its fuel and lubricant solutions, host special events and emphasize topics covered in its white papers.

SHI wins order to build LNG bunkering vessel
23 May 2017 08:35 GMT
7,500-cbm vessel to be built for Korea Gas Corporation (Kogas).

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

Focus remains on global oil stocks and OPEC meeting
23 May 2017 07:42 GMT
By A/S Global Risk Management.

Fuel-efficient 'Lunch Box' christened for New York's first city-wide ferry system in over 100 years
23 May 2017 07:14 GMT
First vessel of new ferry fleet was named by students.

Monjasa reports upturn following challenging 2016
22 May 2017 18:07 GMT
Bunker firm posts positive net results for the first quarter.

Praxis Market Update
22 May 2017 11:00 GMT
Market update from Praxis Energy Agents S.A.

LNG-fuelled car carrier joins UECC fleet
22 May 2017 10:42 GMT
The Auto Energy is able to run on LNG, HFO and MGO.

A week of long-awaited announcements
22 May 2017 10:05 GMT
By A/S Global Risk Management.

ITIC and ASG launch new surveyors' indemnity wording
22 May 2017 09:23 GMT
New wording is designed to 'address the imbalance between owners' and surveyors' responsibilities'.

Wartsila MSAR fuel LONO expected in May: Quadrise
22 May 2017 08:41 GMT
Quadrise says LONO from Wartsila will help support its business development activities.

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

ME-GIE engine passes gas trials on ethane, opens door for new applications
19 May 2017 11:01 GMT
Engine can run on almost any form of waste gas, including light hydrocarbons or VOCs emitted from crude oil.

Wartsila awarded Weidong Ferry scrubber contract
19 May 2017 10:55 GMT
Ro-pax ferry to be supplied with two open-loop V-SOx scrubbers.

LNG bunker supply service announced in Quebec
19 May 2017 08:34 GMT
Natural gas supplier Gaz Metro to make LNG available to shipowners calling at Montreal.

Oil around 1-month high as focus turns to production cut agreement
19 May 2017 08:16 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
19 May 2017 07:57 GMT
By the Oil Desk at Freight Investor Services.

LiqTech wins $399k order for scrubber water treatment system
19 May 2017 07:57 GMT
Danish firm notes rise in customer interest since the announcement of the 2020 sulphur cap.

Matrix Bharat launches bunker supply operation in Mumbai and Jawahar Dweep
18 May 2017 15:01 GMT
Mumbai service to focus on supplying ships at the port's Outer Port Limits (OPL).

Teekay expects OPEC cuts, oil demand growth to support mid-sized tanker rates
18 May 2017 12:20 GMT
U.S. crude volumes are increasingly moving to Asia and Europe, which is supportive of mid-sized tanker demand.

EMP client signs MoU to monitor fuel consumption, calculate emissions
18 May 2017 10:04 GMT
ClassNK-approved Furukawa batteries to be used in marine solar power project for first time.

Oil prices remain in tight trading range ahead of OPEC meeting
18 May 2017 08:10 GMT
By A/S Global Risk Management.

Petronas, Gas4Sea sign MoU to promote LNG as preferred marine fuel
18 May 2017 08:08 GMT
Parties to explore ways to collaborate and identify potential LNG bunkering opportunities.

Oil and fuel oil hedging market update
18 May 2017 07:54 GMT
By the Oil Desk at Freight Investor Services.

New bunker supplier to launch physical operation in Houston and Galveston
18 May 2017 06:35 GMT
GCC Bunkers focused on supplying ECA fuels and providing compliance solutions for 2020 regulations.

'First ever' bunker barge delivery performed in Paradip
17 May 2017 12:35 GMT
Maiden delivery arranged by Gulf Petrochem in partnership with supplier Indian Oil Corporation.

Parker Kittiwake launches 'definitive guide to fuel and lube oil'
17 May 2017 11:18 GMT
Manual provides guidance on selection, purchase, use, and monitoring of fuels and lubes.

Maersk Fluid Technology welcomes growing demand for blending-on-board system
17 May 2017 10:37 GMT
Firm says influx of orders confirms operator demand to blend cylinder lubricant compositions that match actual engine operating conditions and fuel sulphur levels.

Finnlines aims to slash bunker costs with new vessel-lengthening initiative
17 May 2017 09:42 GMT
Ferry firm looks to the future with Energy Efficiency and Emission Reduction Investment Programme.

Oil prices drop as US stockpiles surprisingly build
17 May 2017 09:34 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
17 May 2017 07:42 GMT
By the Oil Desk at Freight Investor Services.

Genoil presents 'compelling economics' for LSFO production unit
17 May 2017 07:23 GMT
Engineering firm says a $30m investment could achieve payback in less than three months.

Landmark bunker barge delivery to a non-cruise ship in Malaga
16 May 2017 11:22 GMT
Peninsula Petroleum supplied bulk carrier with marine fuel on May 13.

ICS to propose IMO adopts 'aspirational' CO2 reduction objectives
16 May 2017 09:28 GMT
Association to suggest objectives are adopted as part of IMO's CO2 reduction strategy, to be agreed in 2018.

Gazpromneft-Lubricants to triple marine lube supply to Rosmorport
16 May 2017 08:33 GMT
Russian supplier reports planned increase in supply volume to more than 1,500 tonnes.

Oil producers' comments support prices
16 May 2017 08:27 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
16 May 2017 07:53 GMT
By the Oil Desk at Freight Investor Services.

Monjasa extends supply capacity in North West Europe
16 May 2017 07:38 GMT
Supplier adds bunker vessel in Skagen, completes first delivery.

Praxis Market Update
15 May 2017 12:46 GMT
Market update from Praxis Energy Agents S.A.

India event to help 'pave the way' for development of Cochin as a bunker port
15 May 2017 11:34 GMT
Port aims to become a key global bunkering destination, like Fujairah and Singapore.

ClassNK subsidiary launches bunker fuel oil analysis service
15 May 2017 09:55 GMT
New service provides an oil analysis report for the properties of bunker fuel oil.

Singapore achieves record bunker sales for April
15 May 2017 09:20 GMT
Port sells 3.5% more marine fuel than during the same month last year.

Oil and fuel oil hedging market update
15 May 2017 07:36 GMT
By the Oil Desk at Freight Investor Services.

Safe use of natural gas as marine fuel addressed in Naples
12 May 2017 09:53 GMT
New mandatory code for ships using gases or other low-flashpoint fuels discussed.

Unaudited revenue up for Tallink's Estonia-Finland route with LNG-fuelled ferry
12 May 2017 07:55 GMT
New LNG-powered ship accommodates around 40% more passengers and almost double the car capacity of replaced ship.

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

Oil rig count and U.S. economic data
12 May 2017 07:29 GMT
By A/S Global Risk Management.

NCL posts 8.8% rise in bunker costs as cruise operating expenses jump $55.3m
12 May 2017 07:07 GMT
Q1 net income falls 15.5 percent to $61.9 million.

Changes at the top: new CEOs at Dan-Bunkering, Glander and KPI Bridge Oil
11 May 2017 16:08 GMT
Historic management reshuffle at Bunker Holding as two CEOs switch companies and Group COO is given chief executive position.

Maersk Line posts Q1 loss as bunker costs jump 95% yoy
11 May 2017 12:45 GMT
Shipping giant spent $381 million more on bunkers in Q1 compared to last year.

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

Brent is back in the fifties as inventories shrink
11 May 2017 0753 GMT
By A/S Global Risk Management.

Korean Register authorized by DAkks to act as EU MRV verification body
10 May 2017 11:44 GMT
Classification society approved by Germany's national accreditation body to verify EU MRV regulation compliance.

Partnership to develop world's first fully electric and autonomous container vessel
10 May 2017 11:14 GMT
Vessel is planned to start operating in the second half of 2018.

Port state control success 'depends ultimately' on harmonization of inspections: Kitack Lim
10 May 2017 09:21 GMT
IMO Secretary-General says unified PSC procedures are 'absolutely vital' to eliminate sub-standard shipping.

Oil and fuel oil hedging market update
10 May 2017 08:30 GMT
By the Oil Desk at Freight Investor Services.

Oil prices remains close to $50 as OPEC comments prevail
10 May 2017 07:37 GMT
By A/S Global Risk Management.

BC Ferries' first LNG-fuelled vessel to start service on May 16
10 May 2017 07:15 GMT
The Salish Orca is capable of operating on either natural gas or ultra-low-sulphur diesel.

Shell Marine introduces 'new and unique' lubricants management programme
09 May 2017 13:01 GMT
Multi-faceted strategy designed to simplify owners' operations and help reduce costs.

Gener8 Maritime's Peter Georgiopoulos 'pleased' with bunker-saving ECO VLCC premium
09 May 2017 11:34 GMT
CEO bullish despite decline in Q1 net income.

DFDS ships to improve efficiency with ABB technology
09 May 2017 10:03 GMT
ABB shaft generators to be installed on two DFDS ro-ro vessels.

Evergas and Clipper to equip ships with lubricant blending-on-board system
09 May 2017 09:05 GMT
Total number of SEA-Mate blending-on-board systems ordered is more than two hundred.

$1 billion growth forecast for marine lube market by 2024
09 May 2017 08:05 GMT
Sales of marine lubricants forecast to rise to $3.336 billion.

Oil and fuel oil hedging market update
09 May 2017 07:51 GMT
By the Oil Desk at Freight Investor Services.

Oil prices remains close to $50 as OPEC comments prevail
09 May 2017 07:37 GMT
By A/S Global Risk Management.

Praxis Market Update
08 May 2017 14:35 GMT
Market update from Praxis Energy Agents S.A.

Maersk pulls out of MSAR fuel trial
08 May 2017 13:25 GMT
Idea of using MSAR alongside scrubbers scrapped as Maersk plumps for compliant fuel from 2020.

Wartsila dual-fuel engine awarded EPA's first Tier III emissions compliance certification
08 May 2017 11:55 GMT
First Category 3 Tier III certificates issued by the EPA to any manufacturer.

Reinplus Vanwoerden Bunker announces name change
08 May 2017 10:47 GMT
Name change follows acquisition of Total's inland bunkering business, Fiwado B.V.

Bunkering joint venture announced in Central America
08 May 2017 08:15 GMT
Engie and AES Corporation in JV to provide bunkering services to clients in Central America.

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

Oil prices are up as production cut extension takes headlines - again
08 May 2017 07:40 GMT
By A/S Global Risk Management.

Factory acceptance test of MAN B&W LNG dual-fuel engine completed
08 May 2017 06:47 GMT
Test carried out at STX Heavy Industries' factory in Changwon, South Korea.

Praxis Market Update
05 May 2017 13:22 GMT
Market update from Praxis Energy Agents S.A.

MOBC ordered to pay $1.2m over storage dispute with Island Bunker Oils
05 May 2017 12:27 GMT
Court rejects MOBC's force majeure argument for not being able to honour fuel storage agreement.

First ever LNG bunker delivery performed in Santander
06 May 2017 12:18 GMT
Cement carrier MV Ireland supplied with LNG in a truck-to-ship delivery.

Geos extends bunker supply capacity with delivery of new vessel
05 May 2017 10:43 GMT
The Thun Grace has been taken on long-term time charter from Thun Tankers.

New ARA bunker supplier to perform first delivery on May 5
05 May 2017 10:02 GMT
Chartered barge to supply 540 metric tonnes to a customer on Friday evening.

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

How low can oil prices go?
05 May 2017 07:41 GMT
By A/S Global Risk Management.

Canada's Prince Rupert mulls bunker facility development
05 May 2017 07:20 GMT
Port says absence of facility for bunkering is a 'service gap'.

Praxis Market Update
04 May 2017 12:55 GMT
Market update from Praxis Energy Agents S.A.

Terntank wins 'Gold Drop' award for LNG-powered ships
04 May 2017 12:28 GMT
Shipping firm described as an 'innovative pathfinder that leads the way'.

Vladivostok bunker sales up 57% in Jan-Apr: source
04 May 2017 10:16 GMT
Russian port and its offshore terminals sold 211,900 tonnes of bunkers, says data.

Rubis completes acquisition of Haitian fuel supplier Dinasa
04 May 2017 09:18 GMT
French group extends its coverage in the Caribbean.

Strong support around $50
04 May 2017 08:41 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
04 May 2017 08:33 GMT
By the Oil Desk at Freight Investor Services.

GasLog Partners completes acquisition of tri-fuel tanker
04 May 2017 08:29 GMT
LNG carrier GasLog Greece acquired from GasLog Ltd.

Dan-Bunkering trader moves to Stamford
03 May 2017 10:31 GMT
Bunker trader Soren Mikkelsen joins trading team in Connecticut.

VPS launches 'Quick Screening' service for MFM bunker deliveries in Singapore
03 May 2017 09:57 GMT
Intention is to provide a quick 'pass/fail' preliminary guide on the performance of mass flow meters.

Patrick Verhoeven to leave ECSA for IAPH
03 May 2017 09:26 GMT
Verhoeven to continue in his current role until the end of August.

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

Will Brent oil price break below $50 today?
03 May 2017 08:14 GMT
By A/S Global Risk Management.

Common rail inventor explains why Wartsila 31 is world's most efficient 4-stroke engine
03 May 2017 07:41 GMT
Wartsila's Dave Jay says elimination of camshafts 'isn't that far away'.

Royal Caribbean posts 1.1% rise in bunker costs as net income jumps 116.6%
03 May 2017 06:35 GMT
Cruise operator expects to spend $707 million on bunker fuel this year.

Petrotrin spill: fuel oil enters Venezuelan waters
02 May 2017 12:55 GMT
PDVSA expected to treat spilled product on the other side of the border, says Petrotrin.

Singapore performs Southeast Asia's first LNG bunker capability demonstration
02 May 2017 11:06 GMT
Demonstration took place at Pavilion Energy's LNG bunkering launch ceremony.

Barcelona's new cruise terminal to accommodate LNG-fuelled ships
02 May 2017 10:26 GMT
Artist renderings of Carnival's new cruise terminal, which is due to open in 2018.

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

Oil prices are slightly down on Libya, China activity data
02 May 2017 08:01 GMT
By A/S Global Risk Management.

BC Ferries' third LNG-fuelled vessel sets sail for Canada
01 May 2017 10:31 GMT
Dual-fuel ferry, the Salish Raven, is due to start operating this autumn.

Skangas wins government tender to supply LNG bunkers
01 May 2017 09:53 GMT
Finnish firm to supply offshore patrol vessel and icebreaker with LNG between 2017 and 2019.

Methanol-fuelled tankers mark one year of operations
01 May 2016 09:14 GMT
Two tankers reach more than 3,000 hours running on methanol.



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