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Home » News » News Archive - November 2017


News Archive - November 2017

New research project targets emission-free ferries
29 Nov 2017 14:53 GMT
Initiative involves Color Line, Norled, Rolls-Royce and the Norwegian Coastal Administration.

Malta LNG bunkering study under way: source
29 Nov 2017 14:11 GMT
Study aims to identify the optimal solutions for the development of LNG bunkering infrastructure.

Teekay Offshore orders another two LNG-fuelled shuttle tankers
29 Nov 2017 13:23 GMT
Purchase commitment follows the company's previous order for two LNG-powered Shuttle Spirit tankers in July.

Dual-fuel MAN L23/30 engine granted type approval
29 Nov 2017 11:42 GMT
Engine passed its type approval test in Zhenjiang, China, earlier this month, says MAN.

Oil prices slightly down on oil stocks, OPEC jitters
29 Nov 2017 09:50 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
29 Nov 2017 09:46 GMT
By the Oil Desk at Freight Investor Services.

ABB's bunker-saving turbochargers top industry efficiency benchmark
28 Nov 2017 16:08 GMT
ABB says its latest turbochargers achieved a two percent efficiency improvement in recent test.

Wartsila to equip Shell's new LNG bunker barge
28 Nov 2017 14:51 GMT
Scope of products and solutions includes Wartsila's LNG cargo storage, handling, and control system.

ExxonMobil expects distillate fuel unit to start operating in H1 2018: source
28 Nov 2017 12:18 GMT
Delayed coker installed ahead of the expected surge in demand for MGO in 2020.

All eyes on the OPEC meeting in Vienna
28 Nov 2017 09:23 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
28 Nov 2017 09:15 GMT
By the Oil Desk at Freight Investor Services.

AIDA Cruises starts refuelling with LNG in the Mediterranean
27 Nov 2017 15:37 GMT
AIDAperla to be bunkered with LNG in Barcelona, Marseille and Civitavecchia. Palma de Mallorca also on the cards.

First vessel bunkered with LNG in Singapore arrives in Cameroon
27 Nov 2017 13:35 GMT
Vessel to be used for the development of the Kribi offshore fields.

Bunker barge supply service launched in Oman
27 Nov 2017 12:21 GMT
Supplier also plans to develop fully fledged bunker supply facility in Duqm.

Peninsula ups global working capital facilities to $400m
27 Nov 2017 11:06 GMT
Bunker firm secures additional $100m of working capital in Europe and Asia.

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

Talk of the week: to cut or not to cut
27 Nov 2017 07:47 GMT
By A/S Global Risk Management.

Straits Inter Logistics posts 63.4% revenue rise from oil trading and bunkering
24 Nov 2017 17:25 GMT
Malaysian firm expecting increase in bunker sales contribution in Q4 with the recent addition of two vessels.

Houlder hails launch of UK's first LNG-fuelled passenger ferry
24 Nov 2017 13:41 GMT
UK firm worked on the class-level design of the new vessel.

Gulf Petrochem launches Africa trading desk in Rotterdam
24 Nov 2017 11:28 GMT
Trading team comprises Gert and Yolanda Nell and Ngari Githitho.

Finnlines lengthens first vessel in new fuel efficiency programme
24 Nov 2017 11:27 GMT
Vessel lengthening initiative is designed to improve the energy efficiency of Finnlines' fleet.

The uptrend continues as we head into 'OPEC week'
24 Nov 2017 08:51 GMT
By A/S Global Risk Management.

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

Project targets emissionless 'green corridor' with first electric inland boxship
23 Nov 2017 15:48 GMT
Initiative aims to make sailing between Alphen aan den Rijn, Rotterdam and Antwerp emission-free.

UK's first LNG-fuelled passenger ferry launched in Glasgow
23 Nov 2017 12:02 GMT
The MV Glen Sannox is able to operate on both LNG and MGO.

Wartsila to supply scrubber and engines for new cruise ship
23 Nov 2017 10:32 GMT
Equipment to be installed aboard vessel for Sunstone Ships.

Oil stocks, rig count and OPEC taking centre stage
23 Nov 2017 09:40 GMT
By A/S Global Risk Management.

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

Petronas signs accord to provide STS LNG transfers
22 Nov 2017 16:25 GMT
Two-year agreement signed with Eastport Marine and Argo Engineering.

ECSA welcomes agreement on CO2 emissions trading system
22 Nov 2017 12:47 GMT
Secretary General says it is the 'right decision' for CO2 emissions regulation to be handled by the IMO.

Tallink achieves Q3 growth despite rise in bunker costs
22 Nov 2017 11:51 GMT
Ferry operator expecting improved operating results in 2017 thanks to LNG-fuelled ferry.

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

Jan Brent rose $0.47 to close at $62.57
22 Nov 2017 08:13 GMT
By A/S Global Risk Management.

Debmarine Namibia inks MoU to build bunker-saving mining vessel
21 Nov 2017 15:18 GMT
Vessel designed according to ECO class notation, with a particular focus on low fuel consumption.

Understanding 'about' in bunker consumption clauses
21 Nov 2017 13:57 GMT
The five percent margin and 'double benefit' discussed.

Viking Line ferry will be first to use dual-fuel version of world's most efficient four-stroke diesel engine
21 Nov 2017 11:29 GMT
Ferry will be powered by six 31DF engines running mainly on LNG.

Market still indecisive as OPEC meeting closes in
21 Nov 2017 09:32 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
21 Nov 2017 09:01 GMT
By the Oil Desk at Freight Investor Services.

First LNG shipment arrives at future Lapland bunkering hub
20 Nov 2017 13:47 GMT
Import terminal in Tornio to be used as a refuelling point when LNG logistics work is completed.

VPS expands oil condition monitoring capabilities
20 Nov 2017 11:07 GMT
Testing firm equips Rotterdam lab with latest analytical technology.

Quadrise issues activity update following 'media speculation'
20 Nov 2017 09:58 GMT
Company says Nov 6 updates on its activities 'continue to reflect the firm's current status'.

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

Oil slightly up, but markets in wait-and-see mode ahead of OPEC meeting
20 Nov 2017 08:39 GMT
By A/S Global Risk Management.

Ceremonies held for MSC Cruises ships with scrubbers
17 Nov 2017 15:25 GMT
First Meraviglia-Plus ship named MSC Grandiosa.

VLCC with '20%' bunker savings delivered to K Line
17 Nov 2017 13:55 GMT
11,000-dwt Kisogawa delivered in China.

Vermont Bunkering and staff charged over fraudulent transactions in Singapore
17 Nov 2017 11:34 GMT
Bunker firm and management charged for cheating and criminal breach of trust offences.

Oil market seems to be struggling to find direction
17 Nov 2017 09:35 GMT
By A/S Global Risk Management.

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

Aegean expects to launch 'at least one' new bunker supply service in H1 2018
16 Nov 2017 13:01 GMT
Bunker firm has been in 'advanced stages of development' with 'a number' of physical supply projects.

Peninsula signs storage agreement in Houston with HOFTI
16 Nov 2017 10:41 GMT
Tie-up includes capability to supply bunkers ex-pipe for ships calling at the terminal.

Another day in bearish territory?
16 Nov 2017 09:44 GMT
By A/S Global Risk Management.

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

Aegean posts net loss and 23.2% drop in gross profit
16 Aug 2017 08:01 GMT
Bunker firm cites 'challenging' environment as sales margin plummets.

Wartsila launches gas-fuelled version of world's most efficient four-stroke engine
15 Nov 2017 15:23 GMT
Simple-cycle efficiency 'raised to new level' with new 31SG engine, says Wartsila.

Singapore updates restrictions on selling bunkers to North Korean ships
15 Nov 2017 14:35 GMT
Singaporeans cannot provide bunkering services to North Korean ships under certain circumstances.

No bondholder requests for early redemption: Brightoil
15 Nov 2017 12:33 GMT
Holders of convertible bonds can now redeem them as 30 business days have passed since trading was suspended.

Shell's Maarten Wetselaar sees 'big potential' for LNG as bunker fuel
15 Nov 2017 09:45 GMT
Executive Committee member thinks LNG bunkering is 'one promising sector that's opening up'.

Downward trend as U.S. oil production is in focus
15 Nov 2017 09:26 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
15 Nov 2017 09:18 GMT
By the Oil Desk at Freight Investor Services.

Exxon launches used oil analysis service to improve equipment reliability and cut downtime
14 Nov 2017 16:55 GMT
Mobile-enabled service monitors oil condition and assesses equipment health.

Jettyless LNG bunkering up for discussion in London
14 Nov 2017 14:24 GMT
Houlder and Wartsila to co-present conference session on jettyless LNG ship-to-shore transfers and bunkering.

Bunker-saving ferry launched for Seychelles operator
14 Nov 2017 12:39 GMT
The Isle of La Digue is said to have demonstrated a six percent fuel saving during sea trials.

Astomos and KPC sign LPG bunkering MoU
14 Nov 2017 10:37 GMT
Companies to study the use of LPG as a bunker fuel.

Brent slightly down as shale production takes centre stage
14 Nov 2017 09:34 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
14 Nov 2017 09:18 GMT
By the Oil Desk at Freight Investor Services.

WinGD engines to power CMA CGM's LNG-fuelled boxships
13 Nov 2017 11:53 GMT
92DF engines are said to be the most powerful gas and dual-fuel engines ever built.

Gazpromneft Ocean marine lubricant brand launched
13 Nov 2017 10:32 GMT
Gazpromneft-Lubricants aims to expand production geography and product storage next year.

Oil slightly down as U.S. could be ramping up production
13 Nov 2017 09:34 GMT
By A/S Global Risk Management.

Bunker sales drop in Singapore with 500 cSt volumes at lowest in 20 months
13 Nov 2017 09:34 GMT
Rolling 12-month and 6-month sales manage to stay above 50m and 25m tonnes respectively.

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

Brightoil 'unable to provide definitive timetable' for release of annual results
10 Nov 2017 15:53 GMT
Bunker seller provides update on work carried out since share trading was suspended on October 3.

Three Wes Amelie sister ships to undergo dual-fuel conversion
10 Nov 2017 14:40 GMT
Wessels Reederei and MAN Diesel & Turbo sign letter of intent for conversion of boxships.

Bunker suppliers Skangas and Titan LNG join forces
10 Nov 2017 12:03 GMT
Companies sign MoU to collaborate in the supply of LNG to ships in the North Sea and Baltic.

Design changes lead to 10% bunker savings for Hapag-Lloyd Cruises ships: DNV GL
10 Nov 2017 10:45 GMT
More than 100,000 hull variations examined during painstaking process.

TOTE to convert MAN engines to LNG
10 Nov 2017 10:22 GMT
North Star and Midnight Sun to be retrofitted in 'largest LNG conversion in North America'.

Oil and fuel oil hedging market update
10 Nov 2017 09:37 GMT
By the Oil Desk at Freight Investor Services.

Intraday oil spike on geopolitical fears
10 Nov 2017 08:55 GMT
By A/S Global Risk Management.

Parker Kittiwake launches 'breakthrough' analyser for simultaneous onboard testing
09 Nov 2017 15:43 GMT
ATR analyser measures seven parameters at once using a single sample.

Enginei boosts fuel inventory capabilities with new tank module
09 Nov 2017 12:31 GMT
Module features electronic fuel monitoring to provide real-time inventory measurement capabilities.

Odfjell posts Q3 loss as bunker costs rise
09 Nov 2017 11:23 GMT
Company expects Q4 to be 'in line' with Q3 but believes chemical tanker market will improve in 2018.

The bullish incitement seems to have worn off for now
09 Nov 2017 09:32 GMT
By A/S Global Risk Management.

Engie 'committed' to downstream activities
09 Nov 2017 09:08 GMT
French firm says retail sales, GTT and regasification terminals are 'core to its strategy'.

Oil and fuel oil hedging market update
09 Nov 2017 09:02 GMT
By the Oil Desk at Freight Investor Services.

Shell inks deal with Carnival to bunker North America's first fully LNG-powered cruise ships
08 Nov 2017 13:47 GMT
Opportunity for firms to also collaborate on LNG bunker deliveries for future ships.

Bureau Veritas to class CMA CGM's nine LNG-powered boxships
08 Nov 2017 11:26 GMT
Certification agency was involved in checking the feasibility of the bunker tank design.

GTT to design tanks for CMA CGM's nine LNG-fuelled ULCVs
08 Nov 2017 09:23 GMT
CEO says project 'marks the adoption of clean fuels' by the boxship sector.

Oil prices taking a breather
08 Nov 2017 09:03 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
08 Nov 2017 08:59 GMT
By the Oil Desk at Freight Investor Services.

Shell charters LNG bunker barge for Southeast US market
08 Nov 2017 06:38 GMT
Vessel has the capacity to carry up to 4,000 cubic metres of LNG fuel

Aegean expects to post first loss in three years
08 Nov 2017 05:43 GMT
Challenging environment has continued to put pressure on margins and gross profit, says firm.

Gabadi and Hankuk Carbon ink LNG bunkering accord
07 Nov 2017 15:38 GMT
Companies target LNG bunkering contracts in locations such as the U.S, China and Europe.

CMA CGM to build nine LNG-fuelled ULCVs in 'technological breakthrough'
07 Nov 2017 12:56 GMT
CEO Rodolphe Saade says move is a 'bold decision'.

Maersk Line posts $336m profit swing despite spending $218m more on bunkers
07 Nov 2017 11:14 GMT
Maersk Line records Q3 after-tax net profit of $220m as marine fuel expenses increase 37% YoY.

The uptrend continues
07 Nov 2017 10:01 GMT
By A/S Global Risk Management.

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

Transocean becomes third top 10 supplier to be banned from bunkering in Singapore
07 Nov 2017 07:55 GMT
MPA investigations revealed 'several falsifications of records' and 'discrepancies in the stock movement logbooks'.

Monjasa secures floating storage for West Africa in 'pioneering move'
06 Nov 2017 14:28 GMT
119,000-dwt tanker will be Monjasa's largest when it joins on a time charter basis next month.

Shell launches Alexia 140 to combat cold corrosion
06 Nov 2017 11:52 GMT
Two-stroke cylinder oil now available at seven ports.

Quadrise posts loss in annual results
06 Nov 2017 09:50 GMT
UK firm reports GBP 5 million in cash reserves and no debt.

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

Geopolitical risk premium rises, US oil rigs fall
06 Nov 2017 08:27 GMT
By A/S Global Risk Management.

Titan LNG performs first simultaneous two-truck delivery in Rotterdam
03 Nov 2017 14:47 GMT
Downtime of the vessel, Wes Amelie, was reduced as two trucks discharged via one bunkering hose.

Balearia launches first of four bunker-saving 'eco fast' ferries
03 Nov 2017 12:50 GMT
President, Adolfo Utor, lauds energy efficiency of new ships.

Rolls-Royce launches cloud-based module for monitoring bunker consumption, CO2
03 Nov 2017 11:41 GMT
New module is designed to help operators meet the EU MRV regulation.

Higher bunker prices drive up voyage costs as Eagle Bulk posts another loss
03 Nov 2017 09:43 GMT
Owner-operator reports loss despite bigger jump in revenue compared to costs.

Oil prices trading sideways, Brent remains above $60
03 Nov 2017 09:30 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
03 Nov 2017 08:44 GMT
By the Oil Desk at Freight Investor Services.

Clean Energy Fuels posts higher Q3 loss on incremental charges
03 Nov 2017 08:31 GMT
Operating expenses jumped 68.6% whilst revenue fell 15.7% despite an 8.3% rise in sales volume.

MAN dual-fuel L51/60DF engine granted type approval
02 Nov 2017 10:42 GMT
Dual-fuel engine can act as both main and auxiliary engine.

Oil prices continue the uptrend
02 Nov 2017 09:56 GMT
By A/S Global Risk Management.

Shell opens Asia-Pacific's second-biggest lubricant plant
02 Nov 2017 09:53 GMT
Singapore facility is able to produce up to 390,000 tonnes of lubricants and greases a year.

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

Kirby posts 'better-than-expected' Q3 results
02 Nov 2017 08:10 GMT
Bunker barge operator achieves $28.6m net profit despite 'negative impact from hurricanes'.

New MD for Glander International Bunkering in Norway
02 Nov 2017 06:10 GMT
Ole Morten Rismyhr earns MD promotion; Inge Walmestad and Petter Christian Bakke named senior bunker traders.

Marine engine market predicted to reach $10.56 billion by 2022
01 Nov 2017 12:33 GMT
Report highlights increased demand for hybrid fuel engines as a driver of new growth opportunities.

Houlder embraces first-mover philosophy in ssLNG sector
01 Nov 2017 10:10 GMT
Firm says the work it has put into developing ssLNG solutions reflects the confidence it has in the sector.

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

Shell and MPA to jointly research clean fuels and digitalisation
01 Nov 2017 08:33 GMT
Partners to cooperate in the areas of electronic data, automation, intelligent systems and cleaner energy.

Oil prices continue the uptrend
01 Nov 2017 08:12 GMT
By A/S Global Risk Management.

Aegean to cease physical bunker supply operation in Singapore
01 Nov 2017 00:01 GMT
Management decides resources can be more profitably deployed elsewhere following 'heightened commercial pressures' at Asian hub.



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