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Home » News » News Archive - July 2017


News Archive - July 2017

Gazpromneft-Lubricants reports 7.5% rise in H1 marine lube sales
28 Jul 2017 11:27 GMT
Russian firm says it sold 7,500 tonnes of lubricants in H1.

World Fuel Services' 12-month bunker sales drop below 30m tonnes for first time in two years
28 Jul 2017 10:08 GMT
12-month sales have fallen in five consecutive quarters between Q2 2016 and Q2 2017.

Oil and fuel oil hedging market update
28 Jul 2017 07:41 GMT
By the Oil Desk at Freight Investor Services.

Oil up for a fourth day, pulled up by gasoline prices in the US
28 Jul 2017 05:10 GMT
By A/S Global Risk Management.

World Fuel Services' marine profit dips as revenue rises despite lower sales volume
28 Jul 2017 00:02 GMT
Q2 and H1 marine gross profit fall 17% and 15.5% respectively.

LPG carrier with bunker-saving features delivered to Astomos
27 Jul 2017 13:05 GMT
Crystal River includes a number of features designed to optimize fuel economy.

Finnlines: Higher bunker prices and surcharges support rise in costs and revenue
27 Jul 2017 11:27 GMT
CEO hails fuel-saving initiatives as operator posts best H1 result in its history.

Total: Fuel oil cracks supporting 'favorable' Q3 refining margins
27 Jul 2017 08:42 GMT
Downstream business said to be 'well positioned' to achieve around $7 billion in operating cash flow this year.

Oil and fuel oil hedging market update
27 Jul 2017 07:49 GMT
By the Oil Desk at Freight Investor Services.

Oil prices higher for a third day running after EIA Stats
27 Jul 2017 05:06 GMT
By A/S Global Risk Management.

NYK orders first scrubbers for two new bulk carriers
26 Jul 2017 10:25 GMT
Wartsila receives first scrubber order from a Japanese firm.

Samskip 'extremely pleased' to add two LNG-fuelled ships in Nor Lines takeover
26 Jul 2017 08:48 GMT
Logistics firm will be incorporating the general cargo ships Kvitnos and Kvitbjorn to its fleet.

Bunker-saving rigid sail and solar power project prepares for sea trials
26 Jul 2017 07:51 GMT
World's first deployment of patented rigid sail and solar power system expected to start in 2018.

Oil and fuel oil hedging market update
26 Jul 2017 07:39 GMT
By the Oil Desk at Freight Investor Services.

ABS to host MEPC 71 webinar in August
26 Jul 2017 06:48 GMT
Webinar to be presented by Thomas Kirk, who served in an advisory role for the US delegation at MEPC 71.

Oil prices jumped more than 3% on news that would potentially reduce global oil supplies
26 Jul 2017 05:14 GMT
By A/S Global Risk Management.

PitPoint MD hails progress towards '100% clean transport'
25 Jul 2017 14:20 GMT
Supply of CNG earlier this month was 'an absolute milestone for sustainable shipping', says Versleijen.

Trader cover at Petrobras
25 Jul 2017 12:50 GMT
Bunker trader Marcelo Ley will be stepping in for Ana Rosseto

Cold ironing presentation for Greek port Killini
25 Jul 2017 09:26 GMT
Pilot shore power infrastructure set to be installed at the Greek port.

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

Cockett celebrates 38th anniversary
25 Jul 2017 05:37 GMT
Business was incorporated under the name Crownform Ltd on July 23, 1979.

Crude oil rises after Russia comments following OPEC/NOPEC meeting
25 Jul 2017 05:11 GMT
By A/S Global Risk Management.

Teekay predicts weak Q3 rates as OPEC cuts continue to affect tanker demand
24 Jul 2017 11:50 GMT
Operator highlights OPEC supply cuts as the main cause of the current slow growth in tanker demand.

GTT highlights subsea LNG bunkering solution in H1 review
24 Jul 2017 08:28 GMT
Gravity Based System consists of a concrete chamber and a membrane containment tank designed by GTT.

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

DNV GL lists pros and cons of alternative fuels
24 Jul 2017 06:52 GMT
List forms part of guidance on the considerations that should be taken into account at the newbuilding stage.

Greek bunker-producing refinery to be closed until September
24 Jul 2017 05:22 GMT
Refiner brings forward maintenance work following incident at hydrogen production unit.

Crude oil slips, ending the week lower on higher OPEC production figures expected for July
24 Jul 2017 05:11 GMT
By A/S Global Risk Management.

Paul Bradshaw appointed MD of Bomin Singapore
21 Jul 2017 12:34 GMT
Matrix Marine Fuels MD fills role vacated by Lars Doring, who returns to Hamburg.

Monitoring service for Euronav 'proves' bunker savings: Hempel
21 Jul 2017 10:40 GMT
Coatings firm says 'significant proportion' of improved propulsion efficiency was directly attributable to Hempaguard X7.

New bunker company launched in Germany
21 Jul 2017 09:24 GMT
Matthias Eckeberg teams up with Sebastian Clausen to launch Bremen-based firm.

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

Aegean Marine Petroleum appoints Jonathan Mcilroy as president
21 Jul 2017 06:14 GMT
Jean Jose Metey named Vice President and Head of Corporate Development.

Brent breaks the $50 mark for the first time in two months
21 Jul 2017 05:04 GMT
By A/S Global Risk Management.

DNV GL releases updated NOx Tier III compliance guide
20 Jul 2017 10:57 GMT
Brochure offers a set of best practices for the design of ships subject to NOx Tier III requirements.

Shell provides integrated lube solutions for world's biggest boxship
20 Jul 2017 10:27 GMT
Supplier appointed to provide lubricant solutions for the OOCL Hong Kong.

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

LA and Long Beach release draft of Clean Air Action Plan Update
20 Jul 2017 07:55 GMT
Release of proposed CAAP kicks off two-month public review and comment period.

Rolls-Royce hails Heesen's 600,000 bhp MTU engine milestone
20 Jul 2017 07:12 GMT
More than 100 luxury yachts fitted out with MTU engines.

Glander Intl Bunkering's Guyson Kang - 'one of its leading traders' - moves to Dubai
20 Jul 2017 05:38 GMT
Firm says Dubai team will benefit from Kang's expertise in Asian ports.

Larger-than-expected inventory boosts the appeal of crude
20 Jul 2017 05:12 GMT
By A/S Global Risk Management.

Bureau Veritas and Ascenz join forces in ship performance agreement
19 Jul 2017 12:01 GMT
Companies sign memorandum to provide ship performance and monitoring solutions to shipowners.

Maxum Petroleum extends bunker delivery capacity with largest barge to date
19 Jul 2017 11:38 GMT
The Global Pilot joins the company's other four barges currently servicing the US West Coast.

LNG bunker player Enagas posts after-tax profit of EUR 269.1 million
19 Jul 2017 09:38 GMT
Spanish firm managed to reduce its net debt by EUR 607 million in H1 2017.

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

Potential cuts to Saudi exports?
19 Jul 2017 05:29 GMT
By A/S Global Risk Management.

ABS updates scrubber advisory ahead of 2020 global sulphur cap
18 Jul 2017 14:31 GMT
48-page advisory is designed to provide an in-depth guidance on scrubber technology selection.

Revenue up 29% for bunker supplier Skangas as Gasum targets LNG growth
18 Jul 2017 13:24 GMT
CEO says company 'strengthened its position' in H1 by increasing its Skangas stake to 70%.

Disney Cruise Line orders LNG-fuelled ship
18 Jul 2017 10:28 GMT
135,000-grt vessel is expected to be completed in 2022.

TOS Bunkering posts jump in H1 sales as Novo container and grain volumes grow
18 Jul 2017 08:43 GMT
Bunker sales rose 138 percent between January and June, year-on-year.

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

Increasing U.S. drilling puts a damper on oil rally
18 Jul 2017 05:40 GMT
By A/S Global Risk Management.

85% of refiners do not have plan to cope with 2020 bunker regulation: survey
17 Jul 2017 13:08 GMT
Survey suggests refiners are unprepared to meet demand for low-sulphur marine fuel.

Peninsula Petroleum launches bunker supply operation in Barcelona
17 Jul 2017 10:45 GMT
Supplier aims to take advantage of the 'significant supply gap in the market'.

New HK report covers sulphur cap dates, shore power and emissions data
17 Jul 2017 08:51 GMT
Progress report provides update on Hong Kong's plan to improve air quality.

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

Crude oil ends the week five percent higher on positive sentiment
17 Jul 2017 07:09 GMT
By A/S Global Risk Management.

Woodside aims to convert all OSVs to LNG by 2022
17 Jul 2017 05:51 GMT
Construction of LNG-fuelled Newcastlemax could start in 'later part of 2017, or early 2018'.

Singapore's best six-month bunker sales period was actually last year
14 Jul 2017 15:48 GMT
Asian port posted record H1 sales this week, but achieved highest figure for any six-month period in March-August 2016.

Bunker Holding announces three job vacancies
14 Jul 2017 12:35 GMT
Bunker group is looking to employ three people in Denmark.

Novatek 'ready to facilitate the LNG bunkering market' as it joins SGMF and SEA\LNG
14 Jul 2017 11:30 GMT
Natural gas producer joins organizations in move designed to help promote LNG as a marine fuel.

Former CEO of OW Bunker subsidiary Dynamic Oil Trading charged with fraud
14 Jul 2017 09:47 GMT
Parent company cleared of any criminal wrongdoing. Lars Moller's lawyer 'surprised' by the news.

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

Crude oil prices ended higher after being lifted by stronger Chinese demand data
14 Jul 2017 06:54 GMT
By A/S Global Risk Management.

Total in tie-up to supply ferry with LNG bunkers via tank containers
13 Jul 2017 14:48 GMT
French firms team up to offer innovative LNG bunker solution to Brittany Ferries vessel.

Singapore posts lowest bunker sales in nine months... but best H1 ever
13 Jul 2017 11:48 GMT
Asian port records second YoY decline in a row for the first time since September.

Dutch regulator investigates bunker firms over 'possible' price fixing
13 Jul 2017 10:24 GMT
Dawn raids carried out as investigation focuses on companies active in Amsterdam, Antwerp and Rotterdam.

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

EC approves JV to develop LNG terminal in northern Germany
13 Jul 2017 07:41 GMT
Feasibility study being conducted to build LNG facility in Brunsbuttel.

Crude closed lower despite EIA stats showing the largest draw on crude stocks in 10 months
13 Jul 2017 07:12 GMT
By A/S Global Risk Management.

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

Talusia Optima approved by third major engine manufacturer
12 Jul 2017 07:16 GMT
Total Lubmarine gets go-ahead to use its cylinder oil in MAN Diesel & Turbo two-stroke engines.

Strong heating oil prices and draws in US crude and European product stocks boosted crude prices
12 Jul 2017 06:38 GMT
By A/S Global Risk Management.

ECSA hails 'important progress' on CO2 reduction at MEPC 71
12 Jul 2017 06:21 GMT
Verhoeven says there is 'a strong will from the European shipowners to decarbonise the industry'.

YKIP joins SEA\LNG coalition
12 Jul 2017 06:00 GMT
YKIP is second Japanese organisation to join SEA\LNG in a matter of weeks.

Petrobras approves IPO for fuel distribution unit
12 Jul 2017 05:35 GMT
Move is aimed at listing BR Distribuidora on the Novo Mercado special listing segment of the B3 stock exchange.

Study warns against 'one-sided focus on LNG' as biofuel tops CO2 reduction chart
11 Jul 2017 11:11 GMT
LNG 'risks lock-in of the sector into a high-carbon infrastructure', report says.

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

Balearia and its commitment to LNG bunkers at MEPC 71
11 Jul 2017 07:28 GMT
Fleet director gave 'Why Balearia chooses LNG' presentation at IMO meeting.

Crude oil prices stage a modest recovery on potential curtailments by Nigeria and Libya
11 Jul 2017 07:24 GMT
By A/S Global Risk Management.

Third-quarter oil report released
11 Jul 2017 07:14 GMT
Report takes a look at the key factors set to affect oil prices over the next three months.

Verifavia exceeds 1,000 ships under EU MRV assessment
11 Jul 2017 06:48 GMT
Working with around shipping 60 firms required to submit CO2 Monitoring Plans before August 31 deadline.

Iberian study predicts annual LNG bunker sales of 8m cbm by 2050
10 Jul 2017 09:14 GMT
Capex of EUR 3.7 billion will be needed, advises study.

Market focus remains on rising global production and supplies
10 Jul 2017 08:01 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
10 Jul 2017 07:58 GMT
By the Oil Desk at Freight Investor Services.

PSV to be fitted with bunker-saving battery power
10 Jul 2017 07:53 GMT
Corvus Energy to provide lithium-ion-based energy storage system (ESS) to Farstad Shipping vessel.

NGOs welcome IMO action on mitigating Arctic HFO risk
10 Jul 2017 06:14 GMT
Concrete proposals for measures to reduce the risks of HFO in the Arctic are to be considered in April 2018.

MEPC 71 meeting roundup
10 Jul 2017 05:28 GMT
Summary of the key bunker-related issues discussed at last week's MEPC meeting.

Monjasa sees Panama volumes rise, hails improved sourcing and quality focus
07 Jul 2016 12:48 GMT
Bunker firm targets increased flexibility for customers as waiting time at anchorage is gradually reduced.

Europe's first pro LNG training centre promoted at MEPC 71
07 Jul 2017 10:39 GMT
Three-day course covering small-scale LNG and bunkering operations is due to take place in September.

Monjasa trainees graduate from Danish Shipping Academy
07 Jul 2017 09:14 GMT
Bunker trainees complete the Commercial Shipping Programme.

Energy ministers confident of market rebalancing, markets eyeing central bank releases
07 Jul 2017 7:55 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
07 Jul 2017 07:40 GMT
By the Oil Desk at Freight Investor Services.

Secretary-General's speech at MEPC 71
07 Jul 2017 07:28 GMT
IMO Secretary-General, Kitack Lim, addressed the 71st session of the Marine Environment Protection Committee (MEPC).

IRClass releases rules for LNG-fuelled coastal and inland vessels
06 Jul 2017 13:27 GMT
New rules are in addition to its previously established code for ocean-going ships.

Bunker costs up $3.7m for Stolt Tankers as profit drops
06 Jul 2017 12:35 GMT
Stolt Tankers also recorded a $3.8 million negative swing with a net loss on bunker hedges.

Deltamarin signs contracts for LNG-fuelled ship with bunker-saving rotor sails
06 Jul 2017 11:14 GMT
New Viking Line vessel is said to be 10 percent more energy efficient than the Viking Grace.

Oil prices are slightly down on mixed news
06 Jul 2017 10:00 GMT
By A/S Global Risk Management.

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

New Bureau Veritas rules support hybrid power and energy storage systems
05 Jul 2017 12:42 GMT
New class notations include power management (PM), power back-up (PB) and zero emission (ZE) standards.

Ecoslops doubles production, reveals new 'mini' production unit concept
05 Jul 2017 11:20 GMT
Smaller unit is designed to treat 4,000 to 8,000 tonnes a year and is said to be suitable for medium-sized ports.

Nordic Marine Oil hires new vessel operator
05 Jul 2017 10:38 GMT
Bunker firm says appointing Yulia Tyurenkova is a direct result of recent growth and expansion plans.

Oil and fuel oil hedging market update
05 Jul 2017 09:05 GMT
By the Oil Desk at Freight Investor Services.

The oil market today
05 Jul 2017 8:50 GMT
By A/S Global Risk Management.

Cockett announces job vacancies
04 Jul 2017 11:44 GMT
Company seeks branch manager in Brazil, lubricants sales managers in Europe and Asia, and more...

Cockett relocates to new office in Athens
04 Jul 2017 09:29 GMT
Larger office designed to accommodate expanding team, says bunker firm.

Unioil offering RMD 80 0.1% ex-pipe and by truck in Copenhagen
04 Jul 2017 08:30 GMT
Bunker firm extends supply offering in Denmark.

The oil market today
04 Jul 2017 8:14 GMT
By A/S Global Risk Management.

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

Gazpromneft-Lubricants starts new Caspian supply operation
04 Jul 2017 07:08 GMT
Supplier targets growth in the Caspian Sea, which it describes as 'a promising region with a great potential'.

Aegean Marine Petroleum launches trading office in Dubai
03 Jul 2017 16:53 GMT
Bunker firm aims to expand its presence in the Middle East and Indian subcontinent with experienced trading team.

'Rough seas like never before': Bunker Holding, Selfinvest record sharp fall in earnings
03 Jul 2017 16:06 GMT
Danish bunker group sees profit slashed despite rise in turnover.

Praxis Market Update
03 July 2017 13:34 GMT
Market update from Praxis Energy Agents S.A.

Bunker-saving X52 engine completes FAT and TAT
03 Jul 2017 12:30 GMT
WinGD prepares to meet 'large' order book as engine completes tests in the presence of eight classification societies.

Dan-Bunkering names Jim Jensen as North America MD
03 Jul 2017 09:50 GMT
Jensen promoted to new role as Mikkel Vestergaard returns to Denmark.

Important events in the oil market
03 Jul 2017 8:35 GMT
By A/S Global Risk Management.

Bunker issues pack MEPC 71 agenda
03 Jul 2017 08:25 GMT
Marine Environment Protection Committee (MEPC) meets in London.

Oil and fuel oil hedging market update
03 Jul 2017 07:44 GMT
By the Oil Desk at Freight Investor Services.



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