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Home » News » News Archive - June 2017


News Archive - June 2017

Bunker-saving Stena Impeccable named in ceremony
29 Jun 2017 10:51 GMT
Ship's fuel consumption is said to be 10-20% lower than that of equivalent vessels.

ABB's bunker-saving turbochargers to power China's biggest boxship
29 Jun 2017 09:38 GMT
First of 11 new containerships was launched earlier this month.

The bulls are back in the arena: oil trends upwards
29 Jun 2017 9:36 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
29 Jun 2017 07:50 GMT
By the Oil Desk at Freight Investor Services.

Glander International Bunkering promotes another three traders
29 Jun 2017 07:24 GMT
Abdur Rahman, Laura Toplar and Elza Adamyan promoted to Senior Bunker and Lubricant Trader in Dubai.

Energy flow tool could cut fuel costs by up to 6%: Deltamarin
28 Jun 2017 13:15 GMT
Simulation tool is designed to help ship operators boost the fuel efficiency of their vessels.

Praxis Market Update
28 June 2017 12:16 GMT
Market update from Praxis Energy Agents S.A.

ExxonMobil, Eagle LNG Partners and Crowley sign LNG bunkering agreement
28 Jun 2017 11:45 GMT
Collaboration designed to support growth for LNG as a marine fuel in North America.

API report points to increase in crude oil stocks ahead of the weekly EIA report
28 Jun 2017 10:19 GMT
By A/S Global Risk Management.

Statoil looks favourably on bunker-saving ships in award of new contracts
28 Jun 2017 09:30 GMT
All seven vessels contracted are to be equipped for hybrid battery operation and shore power.

Oil and fuel oil hedging market update
28 Jun 2017 07:50 GMT
By the Oil Desk at Freight Investor Services.

Fluxys prepares for future LNG bunker demand with tank project milestone
28 Jun 2017 07:42 GMT
1,300-tonne dome roof is lifted using air as new LNG tank in Zeebrugge nears completion.

LNG bunkering safety manual developed for Helsinki
27 Jun 2017 14:21 GMT
Manual outlines the safety regulations and demands that are required for safe handling during LNG bunkering.

Eyeing weekly oil stocks data, U.S. production growth and central bank speeches
27 Jun 2017 11:49 GMT
By A/S Global Risk Management.

Hamina LNG terminal construction under way
27 Jun 2017 11:39 GMT
Haminan Energia sees LNG bunkering as part of its plan to drive future growth.

P&I club to perform condition surveys on HFO cargo-carrying tankers
27 Jun 2017 09:40 GMT
Club is required to conduct condition surveys on tankers aged 10 years or more if they carried HFO as cargo.

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

Dennaoui rejoins Curoil's bunker trading team
27 Jun 2017 07:55 GMT
Fuel trader Melissa Aniceto is scheduled to return from maternity leave in October.

Aegean Marine Petroleum launches bunker supply operation in Savannah
26 Jun 2017 15:03 GMT
Company to lease tankage from Colonial Group.

Oil slightly up despite more rigs being added in the U.S.
26 Jun 2017 11:49 GMT
By A/S Global Risk Management.

Petrobras to examine possible IPO of fuel distribution unit
26 Jun 2017 11:31 GMT
BR Distribuidora could potentially be listed on the B3 stock exchange.

Washington ferry conducts earthquake emergency bunker exercise
26 Jun 2017 09:11 GMT
Ferry system seen as a potential solution to conduct aid delivery and life-saving operations after an earthquake.

Naming ceremony held for world's first LNG-powered dredger
26 Jun 2017 09:10 GMT
Vessel forms part of DEME's investment programme focused on increasing efficiency.

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

Contract signed to build first LNG-fuelled ferry to regularly operate on the Channel
26 Jun 2017 06:12 GMT
Vessel will also be world's first passenger ship to be equipped with cranes to lift LNG containers into a fixed position.

Prima Marine named exclusive bunker operator in Gwadar
23 Jun 2017 09:43 GMT
Bunker firm to soon also begin offering 380 cSt in a first for Pakistan.

Deeper OPEC cuts ahead?
23 Jun 2017 9:03 GMT
By A/S Global Risk Management.

Gasum ups stake in LNG bunker supplier Skangas to 70%
23 Jun 2017 08:29 GMT
Gasum strengthens its position in the Nordic LNG market.

Oil and fuel oil hedging market update
23 Jun 2017 07:50 GMT
By the Oil Desk at Freight Investor Services.

Battery specialist Corvus plans to use $4.9m loan for hybrid ferry projects
23 Jun 2017 00:11 GMT
Canadian firm intends to increase production to meet growing demand.

Carnival posts 58.2% jump in Q2 bunker costs
23 Jun 2017 00:07 GMT
Cruise operator records $379m Q2 net income to 'more than offset the substantial drag from fuel'.

Shuttle tankers set to be world's first LNG-fuelled DPSTs in 2019
22 Jun 2017 10:46 GMT
Two 125,000-dwt tankers to be owned and operated by AET.

Gard highlights mass flow meter 'discrepancies'
22 Jun 2017 09:45 GMT
P&I club issues recommendations to ensure bunker barge operator compliance.

Workshop to help reduce bunker consumption held in South Africa
22 Jun 2017 08:23 GMT
Training course covers methods for improving the energy efficiency of ships.

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

Inventory draws and potential deeper production cuts
22 Jun 2017 7:13 GMT
By A/S Global Risk Management.

Shipping confidence reaches three-year high in latest survey
22 Jun 2017 05:46 GMT
Increased confidence recorded by all main categories of respondent.

Wartsila confirms 'no detrimental effect' on engine during MSAR fuel trial: Quadrise
21 Jun 2017 13:21 GMT
Wartsila says further assessments during testing would be required to issue a full LONO.

Petrotrin resumes normal operations after Tropical Storm Bret
21 Jun 2017 10:57 GMT
Bunker supplier deactivates incident command centres following the passage of tropical storm.

Neste staff cancel plans to suspend fuel deliveries in Porvoo and Naantali
21 Jun 2017 09:33 GMT
Employee groups had planned a political protest next week against the government's ownership policy.

New kid on the block: fracklog
21 Jun 2017 9:20 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
21 Jun 2017 08:25 GMT
By the Oil Desk at Freight Investor Services.

Global Risk Management posts record earnings in 2016-17
21 Jun 2017 07:23 GMT
Fuel risk management specialist achieved a 75% increase in pre-tax earnings.

SLNG completes first small-scale reload on Shell LNG bunker vessel
20 Jun 2017 12:25 GMT
Operation was carried out for the 6,500-cbm newbuild Cardissa.

Fuel-efficient 34DF dual-fuel engine selected for 'next-gen' tankers
20 Jun 2017 09:54 GMT
Wartsila to supply the engines, propellers, and fuel supply systems for four new tanker vessels.

Knutsen orders four ME-GI dual-fuel engines
20 Jun 2017 09:27 GMT
Engines to be installed aboard two LNG tanker newbuilds.

Dan-Bunkering appoints trader in Dubai
20 Jun 2017 08:34 GMT
Radhik Pillai joined Dan-Bunkering's trading team on June 1.

Oil and fuel oil hedging market update
20 Jun 2017 07:46 GMT
By the Oil Desk at Freight Investor Services.

Market focus remains on ample supply situation
20 Jun 2017 7:32 GMT
By A/S Global Risk Management.

Shell to receive 1.1m mtpa of LNG from Qatargas over five years
19 Jun 2017 13:48 GMT
Agreement follows LNG bunkering tie-up signed last week.

Qatar Petroleum provides 'temporary' bunkering solution for ships calling at Qatari ports
19 Jun 2017 12:49 GMT
Ship-to-ship bunkering available to Qatar-bound vessels as fuel oil cargo arrives in Ras Laffan.

DFDS orders two bunker-saving ro-ro ships with scrubbers
19 Jun 2017 11:40 GMT
Vessels are scheduled to be delivered in 2020.

Same same, but more
19 Jun 2017 11:35 GMT
By A/S Global Risk Management.

LNG bunkering facility starts operating in northern Norway
19 Jun 2017 09:55 GMT
Refuelling station is located at the supply base for operators engaged in exploration and production drilling in the Barents Sea.

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

Aegean appoints interim chairman and president as Georgiopoulos steps down
16 Jun 2017 15:55 GMT
Georgiopoulos and John Tavlarios leave the board after failing to secure a majority vote in last week's director election.

Rolls-Royce engines to power world's largest hybrid ferry
16 Jun 2017 12:29 GMT
Color Line ferry is slated for completion in 2019.

LNG bunkering project wins Baltic Sea Forum award
16 Jun 2017 11:37 GMT
Blue Baltics initiative won first prize in the Baltic Sea Clean Maritime Award's infrastructure category.

New contracts designed to speed spill response times
16 Jun 2017 09:52 GMT
BIMCO and ISCO launch two contracts to make arranging clean-up services following a spill incident easier.

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

Cepsa becomes first MFM bunker supplier in the port of Gibraltar
15 Jun 2017 12:26 GMT
Spanish firm is also the port of Gibraltar's only RMK 500 supplier.

Astomos and Statoil ink LPG bunkering MoU
15 Jun 2017 09:05 GMT
Companies to look into collaborating in projects related to LPG bunkering.

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

Bearish oil stocks report started oil price slump
15 Jun 2017 7:32 GMT
By A/S Global Risk Management.

Glander International Bunkering promotes three traders
15 Jun 2017 06:43 GMT
Traders in Dubai, Mumbai and Singapore promoted to the role of Senior Bunker/Lubricant Trader and Team Leader.

Gulf Petrochem launches first UK physical bunker supply operation
15 Jun 2017 06:42 GMT
UAE firm follows up launches in Rotterdam and Antwerp with MGO offering on the River Thames.

Monjasa calls for joint effort to meet regulatory challenges
15 Jun 2017 04:51 GMT
COO says there is an increasing need for compliance and sanctions policies in the bunker industry.

Georgiopoulos fails to secure majority vote in Aegean director election
14 Jun 2017 12:37 GMT
John Tavlarios is also unsuccessful in getting the backing of the majority of shareholders.

Gas4Sea vessel starts weekly supply of LNG bunkers to two PCTCs
14 Jun 2017 10:05 GMT
Engie Zeebrugge is world's first LNG bunkering vessel to perform regular ship-to-ship deliveries.

Oil inventories and Fed could spur volatility today
14 Jun 2017 9:07 GMT
By A/S Global Risk Management.

'Spain can lead the LNG bunkering sector', says Gasnam president
14 Jun 2017 08:50 GMT
Freire highlights Spain's regasification infrastructure, LNG bunker projects and fleet renewal programmes.

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

Singapore records first YoY decline in bunker sales of 2017
14 Jun 2017 07:20 GMT
Sales volume fell 4.2 percent YoY as the number of bunker calls dropped 3.1 percent.

Shell and Qatar Petroleum to develop LNG bunkering in Europe, Middle East and East Asia
14 Jun 2017 04:38 GMT
Both firms aim to establish LNG bunkering infrastructure in 'strategic shipping locations' across the globe.

Scandlines ferries utilize onshore scrub water treatment system in Denmark
13 Jun 2017 12:08 GMT
Gedser treatment system scrubs water from closed-loop exhaust gas scrubber.

Ecoslops a step closer to developing ARA micro-refinery unit
13 Jun 2017 10:22 GMT
Slops specialist in tie-up with VTTI subsidiary ATPC.

Bunkering resumes in Hong Kong, but anchorage deliveries problematic
13 Jun 2017 08:57 GMT
Treacherous weather conditions making deliveries at anchorage difficult.

Saudi Arabia walks the talk - again
13 Jun 2017 8:25 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
13 Jun 2017 07:45 GMT
By the Oil Desk at Freight Investor Services.

Fujairah issues new Qatar 'sanctions' notice
13 Jun 2017 00:44 GMT
UAE bunker hub releases update to its previous announcement on June 5.

LNG-fuelled ferry to undergo two-year trial with propulsion technology
12 Jun 2017 12:41 GMT
German ferry to be tested on Lake Constance from 2019.

Total and Ecoslops agree to develop oil residue processing plant
12 Jun 2017 10:23 GMT
La Mede unit is expected to become operational by the end of 2018.

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

Shell: Sohar bunker enquries have doubled since Qatar boycott
12 Jun 2017 09:19 GMT
Energy major sees rise in buyer interest at Omani port.

Energy ministers confident of market rebalancing, markets eyeing central bank releases
12 Jun 2017 9:00 GMT
By A/S Global Risk Management.

Heineken and GoodFuels team up in new biofuel bunker initiative
12 Jun 2017 07:14 GMT
Inland barge transporting beer is supplied with bunkers containing 30% biofuel.

NASSCO delivers eighth tanker with '33% increased fuel efficiency'
09 Jun 2017 12:09 GMT
Vessel is said to include a number of bunker-saving features.

J. Lauritzen and Torm achieve bunker savings from Blue INNOship project
09 Jun 2017 11:35 GMT
J. Lauritzen says it managed to save 5 percent in fuel costs last year.

Bears rule the market
09 Jun 2017 9:26 GMT
By A/S Global Risk Management.

AIDA Cruises targets LNG bunkers in Barcelona for newest ship 'before the summer is out'
09 Jun 2017 09:14 GMT
Cruise operator says it is also in talks with other Mediterranean ports regarding the provision of LNG fuel.

Oil and fuel oil hedging market update
09 Jun 2017 07:33 GMT
By the Oil Desk at Freight Investor Services.

Wartsila produces draft MSAR interim LONO: Quadrise
09 Jun 2017 06:49 GMT
Letter of no objection in the process of being reviewed by Maersk, says emulsion technology firm.

P&I club says it can decline cover to ships violating Qatar 'trade embargo'
08 Jun 2017 12:55 GMT
Gard refers to definitions of 'blockade running' and 'unlawful trade' in its rules guidance book.

Klaipeda LNG capacity snapped up by three terminal users
08 Jun 2017 09:34 GMT
LNG bunker supplier Litgas amongst the companies to have reserved terminal capacity in advance.

Inventory data sends oil prices into a tailspin
08 Jun 2017 9:08 GMT
By A/S Global Risk Management.

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

BC Ferries' third LNG-fuelled vessel arrives in Canada
08 Jun 2017 07:51 GMT
Ship to proceed to refit facility in preparation for operational service in the autumn.

Risler hails improved availability as bunker sales jump 60% in May
08 Jun 2017 06:54 GMT
Energy policy change has freed up more product for Argentina's bunker market.

Praxis Market Update
07 June 2017 13:40 GMT
Market update from Praxis Energy Agents S.A.

Shipowner associations encourage EU-China leadership in shaping IMO CO2 strategy
07 Jun 2017 11:09 GMT
ECSA and ICS say US withdrawal from the Paris Climate Agreement should not jeopardise global CO2 reduction goals.

MAN Diesel & Turbo buys 40% stake in electric and hybrid systems specialist
07 Jun 2017 09:27 GMT
Investment in Aspin Kemp & Associates forms part of strategic development program named Basecamp 3000+.

Oil and fuel oil hedging market update
07 Jun 2017 09:22 GMT
By the Oil Desk at Freight Investor Services.

Weekly oil stock data takes centre stage
07 Jun 2017 9:02 GMT
By A/S Global Risk Management.

BC Ferries orders two hybrid diesel-electric vessels
07 Jun 2017 07:18 GMT
Vessels to use onboard electric battery power and run on ultra-low-sulphur diesel.

German tie-up targets 'holistic', bunker-saving ship designs
07 Jun 2017 06:50 GMT
Project partners aim to improve fuel efficiency via the combined optimisation of propeller and rudder systems.

Nordic Marine Oil performs first bunker delivery of the cruise season
06 Jun 2017 13:08 GMT
Cruise vessel was supplied with fuel at the port of Aalborg.

Shell Marine unveils 'next-gen' trunk piston engine oils
06 Jun 2017 12:23 GMT
New oils are designed to help ship owners meet cost and performance challenges.

MSC Cruises orders two LNG-fuelled ships with options for another two
06 Jun 2017 11:32 GMT
The two 200,000-grt 'World Class' vessels are scheduled for delivery in 2022 and 2024.

Third of six dual-fuel LNG carriers delivered in Shanghai
06 Jun 2017 08:42 GMT
The CESI Beihai is to transport LNG that Sinopec purchases from the Australia Pacific LNG project.

Oil and fuel oil hedging market update
06 Jun 2017 07:52 GMT
By the Oil Desk at Freight Investor Services.

Oil price volatility increases as Middle East tensions escalate
06 Jun 2017 7:39 GMT
By A/S Global Risk Management.

Torghatten Nord orders 15 bunker-saving engines for LNG-powered ferries
05 Jun 2017 12:11 GMT
Engines are to power five ferries operating between Bergen and Stord.

Balearia highlights LNG-fuelled ferries in presentation of corporate report
05 Jun 2017 10:36 GMT
Spanish ferry operator presented its seventh Corporate Social Responsibility and Sustainability Report.

More U.S. oil rigs, oversupply concerns weigh on prices
05 Jun 2017 9:14 GMT
By A/S Global Risk Management.

Grindrod's CEO to retire, but will act as consultant to shipping division with bunker subsidiaries
05 Jun 2017 08:55 GMT
Alan Olivier to act as consultant to Grindrod's shipping division on an 'ad hoc' basis.

Oil and fuel oil hedging market update
05 Jun 2017 07:37 GMT
By the Oil Desk at Freight Investor Services.

Gazprom and Mitsui discuss LNG bunkering progress
05 Jun 2017 06:57 GMT
Discussions covered feasibility studies for LNG bunkering in Far East Russia and Asia-Pacific.

Arcadia Shipmanagement is first to receive EU MRV plan verification from DNV GL
02 Jun 2017 13:55 GMT
Shipping firm presented with certificate in Pireaus.

Green Corridor project develops LNG-fuelled Newcastlemax design
02 Jun 2017 12:57 GMT
Vessel designed as part of project to develop LNG-fuelled bulkers for a 'green corridor' between Australia and China.

JDP to develop two LNGC designs - one tailored for LNG bunkering
02 Jun 2017 11:51 GMT
Type C tank design is common in LNG bunkering vessels.

Stock market reacts positively to Aegean's move for new president
02 Jun 2017 10:05 GMT
Aegean Marine Petroleum's share price rose 8.7% following news that Nikolas Tavlarios had stepped down.

And we are back into the forties... question is: for how long?
02 Jun 2017 8:06 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
02 Jun 2017 07:38 GMT
By the Oil Desk at Freight Investor Services.

Praxis Market Update
01 June 2017 14:07 GMT
Market update from Praxis Energy Agents S.A.

Nikolas Tavlarios steps down as president of Aegean Marine Petroleum
01 Jun 2017 12:20 GMT
Senior management team to oversee the business until a new president is appointed.

2050 GHG reduction report uses model to compute global bunker consumption
01 Jun 2017 11:38 GMT
Report assesses the potential for GHG emissions reduction towards 2050 using a model that calculates bunker consumption for each ship.

PERFECt phase II readies LNG-fuelled boxship with no engine room for the order book
01 Jun 2017 09:08 GMT
Phase II has looked to validate phase I results and develop the concept to a 'ready to order' stage.

Oil and fuel oil hedging market update
01 Jun 2017 07:52 GMT
By the Oil Desk at Freight Investor Services.

Libya, oil stocks and prolonged Saudi/Russia cooperation in focus
01 Jun 2017 7:38 GMT
By A/S Global Risk Management.

Glander International Bunkering hires trader for West African market
01 Jun 2017 06:43 GMT
Nicolai Mortensen joins trading team in Dubai.

Mobilgard data shows 50% of ships are not operating at optimal feed rates
01 Jun 2017 00:11 GMT
ExxxonMobil says operators are missing the opportunity to drive efficiency and potentially mitigate engine failures.



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