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Home » News » News Archive - August 2017


News Archive - August 2017

Aegean sees 'steep increase' in South Africa demand following fuel shortage in Brazil
30 Aug 2017 16:51 GMT
Supplier 'confident' it will be able to handle higher number of customer enquiries in Algoa Bay.

Two top 10 suppliers banned from bunkering in Singapore
30 Aug 2017 13:57 GMT
Universal Energy and Panoil Petroleum will not have their supplier licences renewed when they expire on Thursday.

Aegean launches St Croix bunker business with Freepoint Commodities subsidiary
30 Aug 2017 13:17 GMT
Aegean to market marine fuels supplied by Freepoint to customers at the Limetree Bay Facility.

Spliethoff engineer talks scrubbers
30 Aug 2017 13:14 GMT
Spliethoff's Roland Hoogeveen explains what it is like operating a fleet of vessels with scrubbers.

Two years since launch of world's second LNG-fuelled boxship
30 Aug 2017 10:38 GMT
TOTE ship was part of a two-ship contract signed in December 2012.

Tropical storm Harvey projected to hit shore between Texas and Louisiana today
30 Aug 2017 08:52 GMT
By A/S Global Risk Management.

LiqTech wins two orders for scrubber water treatment system
30 Aug 2017 07:55 GMT
Danish firm expects to see further development of marine scrubber business in H2.

Oil and fuel oil hedging market update
30 Aug 2017 07:47 GMT
By the Oil Desk at Freight Investor Services.

Germany christens first ship to be powered by methanol fuel cell
29 Aug 2017 14:23 GMT
Fuel cell uses methanol to produce electricity on the vessel and supplies a battery-backed electric motor.

Kawasaki wins order for high-speed Jetfoil passenger ship
29 Aug 2017 11:44 GMT
Vessel to shuttle passengers between Tokyo and the Izu Islands.

Marine fuel supplier Nakhodka-Portbunker forced into liquidation: source
29 Aug 2017 09:41 GMT
Gazprombank and Rosbank are said to have pushed for liquidation after the Russian bunker firm racked up huge debts.

Status in the aftermath of Harvey's first hit
29 Aug 2017 09:40 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
29 Aug 2017 07:59 GMT
By the Oil Desk at Freight Investor Services.

Bomin announces closure of Hong Kong office
28 Aug 2017 11:41 GMT
Operations in Shanghai, Tokyo and Nakhodka to be reviewed as part of Singapore hub strategy.

Singapore and Japan to conduct LNG bunkering study for car carriers
28 Aug 2017 11:03 GMT
Feasibility study to focus on LNG bunkering for car carriers operating between Japan and Singapore.

The lowdown on EU MRV regulation as it enters next phase: North P&I
28 Aug 2017 10:20 GMT
P&I club provides overview of key regulation milestones.

VPS director highlights need for MFM fuel delivery monitoring
28 Aug 2017 09:02 GMT
First few months following mandatory MFM bunkering shows fuel deliveries require expert performance monitoring, says Steve Bee.

Harvey, Libya and Baker Hughes oil rig count
28 Aug 2017 07:27 GMT
By A/S Global Risk Management.

Wartsila scrubber system ordered for six feeder boxships
25 Aug 2017 15:40 GMT
Equipment to be delivered in the second half of 2017.

Quadrise 'knows of no specific reason' for share price drop following rally
25 Aug 2017 14:39 GMT
Share value falls more than 20% on Friday, but is still up almost 50% since the start of the week.

Oil and fuel oil hedging market update
25 Aug 2017 08:19 GMT
By the Oil Desk at Freight Investor Services.

After a volatile day yesterday, oil prices are trending upwards
25 Aug 2017 07:45 GMT
By A/S Global Risk Management.

Verifavia becomes first IMO DCS verifier for Liberia-flagged ships
25 Aug 2017 06:48 GMT
Company offering verification services to Liberian ships under both IMO DCS and EU MRV regulations.

Skangas secures deal to supply ESL ships with LNG and LBG
25 Aug 2017 00:02 GMT
Vessels are set to be two of the world's first large LNG-fuelled bulkers.

Cockett announces senior management appointments
24 Aug 2017 12:11 GMT
Carl Kiddell joins London office; Colin Holloway will be based in Dubai.

Cepsa becomes first RMK 500 bunker supplier in Barcelona
24 Aug 2017 11:32 GMT
Company also extends supply capacity with the addition of the Spabunker 21.

Grindrod to decide on separate shipping listing by end of 2017
24 Aug 2017 10:37 GMT
Board 'does not believe that the value of the Shipping business is fairly reflected in the Grindrod share price'.

Cockett posts H1 loss, Grindrod records 33% fall in marine fuel profit
24 Aug 2017 09:16 GMT
Decline in shipping division bunker profit seen despite 49% jump in revenue.

Will we see Brent above $53 today?
24 Aug 2017 08:29 GMT
By A/S Global Risk Management.

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

Odfjell reports net loss as bunker costs rise YoY and fall sequentially
24 Aug 2017 06:38 GMT
Norwegian firm expects H2 results to be 'largely in line' with H1.

Maersk Fluid Technology outlines lube- and bunker-saving benefits of BOB system in video
23 Aug 2017 13:55 GMT
BOB is said to slash lube consumption by up to 40% and fuel use by up to 1.5%.

Rotterdam's rolling 12-month bunker and lube sales drop to lowest level of the decade
23 Aug 2017 10:05 GMT
12-month sales fall for the seventh quarter in a row at Europe's biggest bunker port.

Oil prices slightly down on mixed oil stocks data - eyeing another set of data later today
23 Aug 2017 09:01 GMT
By A/S Global Risk Management.

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

Bunkering remains suspended as Hong Kong downgrades storm signal from highest hurricane warning
23 Aug 2017 07:11 GMT
Hong Kong's third-highest warning is currently in force.

Gazprom Neft resumes regular supply of marine lubes in Ust-Luga
23 Aug 2017 20:02 GMT
Supplier offering bulk and packaged oils to customers at Baltic port.

Rotterdam records lowest Q2 and H1 bunker sales of the 2010s
22 Aug 2017 13:26 GMT
Europe's biggest port sees Q2 and H1 bunker sales fall to their lowest level so far this decade.

SOV to feature ABB's bunker-saving Onboard DC Grid system
22 Aug 2017 10:18 GMT
System enables integration of battery power on specialized hybrid wind farm vessel.

Eyeing oil stocks data and Jackson Hole Symposium
22 Aug 2017 08:50 GMT
By A/S Global Risk Management.

Singapore to roll out system that detects illegal bunkering by Jan 2018
22 Aug 2017 08:41 GMT
New SAFER project is working to develop new analytics-based technologies to improve maritime operations.

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

JAX LNG gets go-ahead for LNG bunker supply operation
22 Aug 2017 06:35 GMT
US Coast Guard approves Jacksonville LNG facility and ship-to-ship bunkering operations.

Ships play 'key role' in LA achieving 'historic' low emissions
21 Aug 2017 14:53 GMT
Port highlights shore power, emissions capture technology, speed reduction and Environmental Ship Index.

Owners advised to check bunker tank integrity... especially newbuilds
21 Aug 2017 13:17 GMT
P&I club highlights incident where fuel leaked from a bunker tank into a cargo hold because the tank access lids had not been closed properly.

This is why Maersk Oil Trading is not part of the Maersk Oil sale to Total
21 Aug 2017 10:55 GMT
Maersk Oil Trading's transactions are reported as unallocated activities within Transport & Logistics.

Rosneft closes 49% acquisition of Essar Oil
21 Aug 2017 08:57 GMT
Trafigura and UCP also close their acquisition of a 49.13% share in the firm.

After flirting with $50, Brent went back into the $52-55 range on Friday
21 Aug 2017 08:40 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
21 Aug 2017 07:59 GMT
By the Oil Desk at Freight Investor Services.

TOTE's project to build four LNG-fuelled boxships hangs on Honolulu terminal deal
18 Aug 2017 16:10 GMT
Shipper aims to secure the new deepwater Kapalama Container Terminal in Hawaii.

Woodside pushes on with plan to develop LNG bunkering in Western Australia
18 Aug 2017 13:29 GMT
Plans to build LNG distribution facilities and increase Pluto LNG production move forward.

Vopak aims to strengthen LNG presence as division posts H1 growth
18 Aug 2017 10:53 GMT
LNG and Americas divisions both achieve boost in operating profit.

Brent failed to break below $50, indicating that the support level is really strong
18 Aug 2017 08:00 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
18 Aug 2017 07:56 GMT
By the Oil Desk at Freight Investor Services.

Malaysia terminal to be expanded to meet 2020 low-sulphur marine fuel demand
18 Aug 2017 06:24 GMT
Johor facility to add 24 new tanks and one extra berth.

Monjasa Europe appoints General Manager
17 Aug 2017 14:38 GMT
Mikkel Kannegaard to begin his new role in November.

Viking Line expects 2017 bunker bill to rise as H1 fuel costs jump 23.3%
17 Aug 2017 13:46 GMT
Ferry operator says higher expected bunker prices in 2017 'should have an adverse effect on consolidated income'.

DFDS expects bunker surcharges to push 2017 revenue up 1%
17 Aug 2017 12:02 GMT
CEO says group is on track to improve on last year's record result.

Norden to continue fuel efficiency drive after 2017
17 Aug 2017 09:13 GMT
Cost-cutting initiative said to be 'on track' as company achieves annual savings of $18.1 million.

Oil and fuel oil hedging market update
17 Aug 2017 08:38 GMT
By the Oil Desk at Freight Investor Services.

Another huge draw in U.S. crude inventories, but high U.S. production and OPEC (non-) compliance weigh on prices
17 Aug 2017 08:04 GMT
By A/S Global Risk Management.

Wightlink names hybrid car ferry: Queen Victoria 'would have been amused'
17 Aug 2017 06:41 GMT
Vessel will be powered by batteries as well as low-sulphur marine gas oil.

Grindrod expects H1 loss to be an improvement on last year
16 Aug 2017 14:16 GMT
Shipping division, which includes bunker firms Cockett and Unicorn, recovered to above cash breakeven.

Containerships targets improved profitability via bunker-saving initiatives
16 Aug 2017 12:55 GMT
Earnings 'particularly affected' by higher marine fuel costs.

Monjasa hires eight bunker trading employees
16 Aug 2017 10:27 GMT
Company employs four bunker traders and four bunker trader trainees.

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

Maersk Line posts $490m profit swing despite $328m rise in bunker costs
16 Aug 2017 08:45 GMT
Maersk Line records Q2 after tax net profit of $339m as marine fuel expenses increase 72.6 percent.

U.S. inventory reports and central bank meeting minutes take centre stage
16 Aug 2017 08:36 GMT
By A/S Global Risk Management.

Cross-industry group in talks to plug bunker tanker loadings 'loophole'
15 Aug 2017 17:51 GMT
Use of MFMs to measure volumes loaded onto bunker tankers would 'address a missing link in supply chain integrity', says IBIA.

Carnival hails progress made in bunker-related projects as sustainability report is released
15 Aug 2017 13:52 GMT
126-page report outlines the progress made in 2016 against its 2020 sustainability performance goals.

ABB says new DEGO IV control system has shown bunker-saving potential of 5-7%
15 Aug 2017 12:20 GMT
Company claims it has delivered on 3% minimum fuel-saving promise for Stena Line vessel.

Dan-Bunkering names head office sales manager
15 Aug 2017 10:31 GMT
Ex-North America MD takes up sales manager role in Denmark.

Oil prices continued the downward trend yesterday and Brent oil price seems to be heading for $50
15 Aug 2017 08:41 GMT
By A/S Global Risk Management.

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

Biofuel bunker supplier GoodFuels seeks finance manager
14 Aug 2017 13:04 GMT
Successful applicant is to be based at the company's head office in Amsterdam.

Briese Schiffahrt appoints Korean Register to deliver EU MRV services
14 Aug 2017 12:10 GMT
Agreement covers assessment of monitoring plans and verification of carbon emission reports.

Montreal completes bunker-saving shore power project
14 Aug 2017 11:44 GMT
Ships berthing at the new cruise terminal can now be powered by electricity.

Shell ups LNG bunker supply capacity with barge charter
14 Aug 2017 09:13 GMT
Development follows Thursday's arrival of the LNG bunker vessel Cardissa in Rotterdam.

Supply disruptions, oil rig count and central bank minutes of meeting
14 Aug 2017 08:10 GMT
By A/S Global Risk Management.

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

Aegean opens Taiwan office, starts ex-wharf sales to suppliers in Fujairah
11 Aug 2017 19:18 GMT
Bunker firm targets growth in Taiwan and UAE with new activities.

LNG bunkers discussed at Port Canaveral briefing
11 Aug 2017 12:38 GMT
Briefing led by US Federal Maritime Commissioner William Doyle on the use of LNG as a marine fuel.

ExxonMobil offers insight into five-year project to build scaled-down test engine
11 Aug 2017 11:32 GMT
New 10-year research programme is designed to help the supplier position itself at the cutting edge of marine fuels and lubrication research.

Volatility rules the market
11 Aug 2017 08:19 GMT
By A/S Global Risk Management.

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

Aegean posts profit drop as 'sales margins remain under pressure'
11 Aug 2017 00:02 GMT
Sales volume rose by 9.3% and 7.5% in Q2 and H1 respectively.

NCL posts 36% Q2 profit growth as bunker costs rise $6.1 million
10 Aug 2017 13:20 GMT
Q2 and H1 fuel expenses increased by 7.5% and 8.2% respectively.

FOBAS issues off-spec cat fine alert in Fujairah
10 Aug 2017 11:58 GMT
Cat fine levels of up to 139 mg/kg measured in Fujairah samples.

Quadrise announces cost-cutting initiatives as chairman slashes salary by 50%
10 Aug 2017 09:38 GMT
Company expects strategy to deliver annualized savings of more than GBP 500,000.

Another whopping draw in U.S. crude oil inventories
10 Aug 2017 08:01 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
10 Aug 2017 07:56 GMT
By the Oil Desk at Freight Investor Services.

Malik hires trainee to strengthen sales team
10 Aug 2017 07:42 GMT
Anders Kjaersgaard Jensen joins bunker firm's office in Aalborg.

NCL asks court to halt OW Bunker arbitration in bid to prevent double fuel payment
09 Aug 2017 13:35 GMT
Cruise line argues it already paid the physical supplier for bunkers delivered.

Naantali refinery in two-month revamp to slash heavy fuel oil production
09 Aug 2017 11:23 GMT
Turnaround at the Naantali plant is scheduled to start mid-August.

Brent crude oil remains in tight trading range around $52: where to go from here?
09 Aug 2017 09:06 GMT
By A/S Global Risk Management.

Praxis and Glander file bunker claims in Singapore
09 Aug 2017 09:04 GMT
Bunker firms due in court on Thursday.

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

Advantis Bunkering awarded health and safety certification
09 Aug 2017 06:40 GMT
OHSAS 18001:2007 certification granted following an evaluation of the supplier's health and safety standards.

EMSA launches online system for reporting CO2 emissions and bunker consumption
08 Aug 2017 12:55 GMT
System enables operators using EU ports to report their CO2 emissions under the EU's MRV regulation.

NYC's new fuel-efficient ferries transport 1m people in 86 days
08 Aug 2017 10:48 GMT
Launched in May, demand for NYC's first city-wide ferry system in over 100 years beats expectations.

Mixed oil market news continues and Brent remains around $52
08 Aug 2017 09:17 GMT
By A/S Global Risk Management.

Gazpromneft Marine Bunker achieves 16% rise in north-west Russia sales
08 Aug 2017 08:41 GMT
Firm says development of the Northern Sea Route was a key factor that led to the increase.

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

Higher bunker prices drive up voyage costs as Eagle Bulk posts another loss
08 Aug 2017 06:05 GMT
Q2 loss recorded despite 109.6% jump in revenue.

Two incidents in three days involving 'illegal sale of marine gas oil' in Singapore
07 Aug 2017 13:38 GMT
Singapore reports two separate incidents as 13 men are arrested between July 30 and August 1.

OOIL swings into profit ahead of Cosco takeover despite 64.5% jump in bunker costs
07 Aug 2017 11:50 GMT
Chairman voices support for Cosco $6.3 billion deal.

Singapore trader moves from one Bunker Holding firm to another
07 Aug 2017 09:21 GMT
KPI Bridge Oil hires former Dan-Bunkering trader Brenda Lim in Singapore.

Oil prices continue to swarm around $52 on mixed news
07 Aug 2017 07:55 GMT
By A/S Global Risk Management.

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

LNG bunker supplier Clean Energy posts Q2 loss, $43.2m H1 profit
04 Aug 2017 14:17 GMT
LNG sales volume dipped in both periods.

Spanish Atlantic port Ferrol aims to develop LNG bunkering infrastructure
04 Aug 2017 12:15 GMT
Port looks to take full advantage of its close proximity to Reganosa's LNG terminal.

Construction of LNG-fuelled sea cleaning vessel for Ulsan under way: source
04 Aug 2017 09:13 GMT
Project forms part of government strategy to develop LNG bunkering in South Korea.

After a volatile session yesterday, Brent oil price dips in morning trading
04 Aug 2017 08:59 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
04 Aug 2017 07:47 GMT
By the Oil Desk at Freight Investor Services.

Rolls-Royce tech selected to improve fuel economy of Antarctica cruise ship
04 Aug 2017 05:03 GMT
Rolls-Royce to equip an expeditionary cruise ship for Mystic Cruises.

First Europe-built dual-fuel tug features new nozzle with 'fuel savings of up to 10%'
03 Aug 2017 14:05 GMT
Schottel's SDV45 nozzle has been fitted on a ship for the first time.

Torm orders two bunker-saving resale tankers
03 Aug 2017 11:38 GMT
Fuel-efficient, medium-range (MR) vessels are scheduled to be delivered in Q3.

SEA\LNG calls for compliance and enforcement commitment as 2020 sulphur cap looms
03 Aug 2017 10:38 GMT
LNG bunker coalition advocates greater momentum from shipping industry to deliver air quality improvements.

Neste's new high-viscosity 0.1% marine fuel unit set to reach 'high' utilization in H2
03 Aug 2017 09:18 GMT
Solvent deasphalting unit expected to reach 'high capacity utilization' during the second half of the year.

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

Oil trading sideways on mixed oil inventory data
03 Aug 2017 08:22 GMT
By A/S Global Risk Management.

Germany's first LNG-fuelled research vessel to feature Wartsila technology
02 Aug 2017 14:47 GMT
Wartsila to supply engines, exhaust cleaning systems and LNGPac fuel storage, supply, and control system.

Wartsila to supply exhaust cleaning technology to Chinese research vessels
02 Aug 2017 13:44 GMT
COMRA vessels will be the first to operate Wartsila NOx Reducer systems.

Owner of bunker supplier Marine Petrobulk posts 56.8% rise in H1 net earnings
02 Aug 2017 11:46 GMT
Q2 net earnings fell 22.3% for Seaspan Corporation.

Royal Caribbean consumes 6.4% less fuel in Q2 as net income jumps 60.7%
02 Aug 2017 10:22 GMT
Cruise operator saw H1 bunker expenses drop 1.2% and net income skyrocket 77.6%.

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

Brent oil price testing $50 today?
02 Aug 2017 07:35 GMT
By A/S Global Risk Management.

Quadrise receives MSAR trial inspection report
01 Aug 2017 15:45 GMT
Wartsila's interim inspection report covers the use of MSAR fuel in its RT-flex engines.

Trasmediterranea posts drop in earnings, citing higher bunker costs
01 Aug 2017 13:40 GMT
EBITDA fell 88.7 percent to EUR 2 million in H1.

'Favorable timing of fuel surcharge collections' supports Matson revenue rise
01 Aug 2017 09:37 GMT
Carrier posts improved Q2 earnings as revenue increase helps offset the jump in costs.

Shell wins tender to supply LNG reloading station in Klaipeda
01 Aug 2017 09:31 GMT
Small-scale LNG carrier to deliver 1,000 cubic metres between August 15 and September 30.

Geopolitics and oil stocks take centre stage
01 Aug 2017 08:37 GMT
By A/S Global Risk Management.

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

LNG bunker coalition confirms addition of three members
01 Aug 2017 07:40 GMT
Mitsui, Sumitomo and Novatek confirmed as new members of SEA\LNG.



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