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Home » News » News Archive - December 2017


News Archive - December 2017

MPA reminder: dues concession for double-hulled bunker tankers ends on Jan 1
29 Dec 2017 15:31 GMT
Asian port reminds community that it will be withdrawing the dues concession from next week.

Aegean shareholder group reaffirms intentions in SEC filing
29 Dec 2017 13:22 GMT
Group agreement filed as shareholders plan to nominate director candidates at next AGM.

Brent closed at low-$66 level despite draw on US crude stocks
29 Dec 2017 12:09 GMT
By A/S Global Risk Management.

Quadrise expects to start combustion boiler trial in early 2018
29 Dec 2017 11:37 GMT
Fuel production phase of Saudi Arabia trial on track to commence in Q1, Quadrise says.

Oil and fuel oil hedging market update
29 Dec 2017 09:03 GMT
By the Oil Desk at Freight Investor Services.

Bunker Holding targets NAV consultant
28 Dec 2017 14:14 GMT
Person selected for the job will be based in Middelfart, Denmark.

Bunker Holding seeks IT architecture specialist
28 Dec 2017 13:09 GMT
Successful candidate will be based in Denmark.

Brightoil receives SEHK resumption conditions
28 Dec 2017 11:41 GMT
Stock exchange lists conditions for the resumption of trading as independent review continues.

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

World's first mass-produced, dual-use USV requires bunkers every two days
27 Dec 2017 15:42 GMT
Can be used as a regular vessel or operated remotely.

Marubeni and PTT study LNG bunkering in Laem Chabang
27 Dec 2017 13:43 GMT
Plan to use a supply ship to source product from a Map Ta Phut receiving terminal.

Balearia's first bunker-saving 'eco fast' ferry in operation
27 Dec 2017 10:13 GMT
The Eco Aqua starts operating between Ibiza and Formentera.

Oil and fuel oil hedging market update
27 Dec 2017 10:00 GMT
By the Oil Desk at Freight Investor Services.

Oil prices surge to two-year high
27 Dec 2017 08:12 GMT
By A/S Global Risk Management.

Auckland opts for shore power... not fuel switching
22 Dec 2017 13:25 GMT
CEO notes sulphur emissions will drop in 2020 and GHG reductions from fuel switching would be 'minimal'.

Aegean appoints Manolis Chochlakis as COO
22 Dec 2017 12:07 GMT
New COO aims to deliver cost savings and help generate future growth.

Galp starts LNG bunkering in Portugal
22 Dec 2017 11:29 GMT
Operation covers Portuguese mainland and islands as supplier also targets ship-to-ship refuelling.

North Sea Giant to become first large OSV with energy storage retrofit
22 Dec 2017 10:15 GMT
Ship to be fitted with system that cuts bunker consumption, operating costs and emissions.

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

Uptrend continues as Brent reaches two-year high
22 Dec 2017 08:07 GMT
By A/S Global Risk Management.

Finnish innovations highlighted as country celebrates centenary
21 Dec 2017 15:15 GMT
'The Finns lead the way with innovative and eco-friendly technology,' Gard said on Thursday.

Technava to promote blending-on-board system in Greece and Cyprus
21 Dec 2017 13:35 GMT
Maersk Fluid Technology selects Piraeus firm to introduce its SEA-Mate Lubricant Blending-on-Board System.

Oil up a notch as US crude oil stocks drop heavily
21 Dec 2017 12:04 GMT
By A/S Global Risk Management.

Aegean to launch Kiel Canal bunker supply operation
21 Dec 2017 11:27 GMT
Bunker firm expands supply coverage and storage capacity in Germany.

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

Tallinn offers discount to ships running mainly on LNG
20 Dec 2017 14:20 GMT
Vessels will be able to apply for a four percent discount on tonnage fees.

Saudi Arabian bunker firms prepare for 2018 VAT regime
20 Dec 2017 12:55 GMT
Supplies of goods and services will be subject to VAT from January 1.

Shipping confidence steady at three-and-a-half-year high: survey
20 Dec 2017 11:35 GMT
Average confidence level unchanged compared to survey in August.

ABS to class LNG bunker barge for Southeast US market
20 Dec 2017 10:11 GMT
Barge will be chartered by Shell to supply LNG to cruise vessels.

Oil prices inch upwards ahead of inventory data
20 Dec 2017 09:31 GMT
By A/S Global Risk Management.

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

Eesti Gaas diversifies sourcing, eyes LNG terminal or bunker vessel
19 Dec 2017 16:05 GMT
Inks accord with Klaipedos Nafta, plans LNG terminal or delivery barge to meet demand.

Pavilion Gas to supply PSA Marine tugs with LNG bunkers
19 Dec 2017 13:14 GMT
The two dual-fuel harbour tugs are scheduled to be delivered in 2019.

Owners must cherry-pick best solutions to save fuel: The Switch
19 Dec 2017 11:54 GMT
Drive train specialist says existing innovations can radically transform efficiency when used together.

Oil and fuel oil hedging market update
19 Dec 2017 08:58 GMT
By the Oil Desk at Freight Investor Services.

Brent remains in the mid-$63s
19 Dec 2017 07:41 GMT
By A/S Global Risk Management.

World Fuel Services tops Aegean's list of approved debtors
18 Dec 2017 15:51 GMT
Glencore subsidiaries second on the list with approved limit of $35 million.

Verifavia becomes first non-class provider of CSI verification
18 Dec 2017 14:13 GMT
Company expands offering to include global verification services for the Clean Shipping Index.

Foreship predicts up to 30% of shipping will choose scrubbers
18 Dec 2017 12:08 GMT
Company says a change in the pricing dynamic of higher-sulphur HFO will impact scrubber orders.

Oil up this morning to $63.7
18 Dec 2017 09:26 GMT
By A/S Global Risk Management.

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

Rolls-Royce's first mobile MTU gas engines get Doeksen go-ahead
15 Dec 2017 15:17 GMT
First two pre-production units were accepted by client after completing performance tests.

Damen wins contract to convert dredger to LNG
15 Dec 2017 14:03 GMT
Conversion will be first of its kind in Europe.

Green Award launches Platinum label for zero-emission inland ships
15 Dec 2017 12:42 GMT
First inland navigation vessel with zero emissions is expected to be certified in 2018.

Engines 'in better shape' with LNG bunkers: Viking Grace engineer
15 Dec 2017 11:28 GMT
Engineer notes improvement compared to ships running on regular fuel.

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

Oil prices had another volatile day yesterday
15 Dec 2017 08:48 GMT
By A/S Global Risk Management.

Wartsila and MHI-MME to market new energy-saving solution for ships
14 Dec 2017 11:57 GMT
Companies team up to improve power and propulsion for ships.

Chevron releases methanol and lubricants white paper
14 Dec 2017 11:08 GMT
Document explores the role of Chevron's cylinder lubricants in the operation of two methanol-fuelled ships.

Singapore injects more capital to fund LNG bunker vessel newbuilds
14 Dec 2017 09:47 GMT
Applications now open for interested firms to apply for funding of up to S$3m per vessel.

Once again US crude production reaches three-decade output high
14 Dec 2017 08:54 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
14 Dec 2017 08:49 GMT
By the Oil Desk at Freight Investor Services.

GTT and DSEC to jointly build LNG bunker tanks
14 Dec 2017 08:25 GMT
Partners to provide 'integrated offer' for shipowners looking to install LNG fuel tank technology.

Germany accepting online requests to fund LNG conversions
13 Dec 2017 14:42 GMT
Funding initiative is designed to promote the use of LNG in German shipping.

Brittany Ferries secures financing for LNG-fuelled ferry newbuild
13 Dec 2017 13:25 GMT
Ferry operator will be first to receive financing under the EIB's EUR 750m Green Shipping Guarantee programme.

Trelleborg supplies solutions to world's first floating LNG ship-to-shore system
13 Dec 2017 11:06 GMT
Firm says collaboration showcases scope of applications for new LNG transfer infrastructure.

Singapore sets new 12-month bunker sales record as November volumes rise
13 Dec 2017 09:51 GMT
Nov sales up 4.2% YoY and 7.7% MoM. Port sold 50.245m tonnes between Dec and Nov.

Brent nearly hit upper sixties before retreating to $64
13 Dec 2017 08:48 GMT
By A/S Global Risk Management.

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

Fujairah secures development capital, eyes growth
12 Dec 2017 15:21 GMT
Agreement signed to develop quays, storage areas, and deepen berths to attract larger vessels.

Algeciras receives first LNG bunker delivery in five years
12 Dec 2017 12:51 GMT
Cement carrier supplied in Algeciras's second ever LNG bunkering operation.

Bunker supplier Skangas to source LNG from UK's Isle of Grain terminal
12 Dec 2017 10:18 GMT
Becomes first firm to land a small-scale LNG supply agreement with a UK import terminal.

Brent around two-year-high as critical pipeline closes
12 Dec 2017 10:16 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
12 Dec 2017 08:40 GMT
By the Oil Desk at Freight Investor Services.

PT2SB lands $1.25bn financing for Malaysia terminal
12 Dec 2017 08:14 GMT
Facility to store refined products, crude, petrochemical products and LPG.

Researchers claim 'big step forward' in efficient production of non-food biofuel
11 Dec 2017 16:22 GMT
Project develops new solvent for dissolving biomass cellulose.

Antwerp backs construction of five zero-emission barges
11 Dec 2017 13:14 GMT
Port to invest in the construction of hybrid, zero-emission barges as part of EUR 1.4m project.

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

Oil starts off the week where it ended... around $63
11 Dec 2017 07:58 GMT
By A/S Global Risk Management.

Quadrise delivers presentation to shareholders at AGM
08 Dec 2017 17:03 GMT
MSAR fuel supplier discusses 2017 performance and presents outlook for next year.

Tug beats fuel savings forecast in Azipod D trials
08 Dec 2017 15:15 GMT
ABB's first bunker-saving Azipod D propulsion system now in operation.

New report ranks biofuel as best zero-emission solution
08 Dec 2017 12:41 GMT
Batteries 'simply not competitive'; hydrogen and ammonia 'the middle ground'.

LNG tank retrofit for large boxships gets DNV GL approval
08 Dec 2017 11:14 GMT
Concept designed to make it easier for owners to refit existing ships with an LNG fuel system.

Price volatility on mixed news and events
08 Dec 2017 09:50 GMT
By A/S Global Risk Management.

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

ME-GI/ME-LGI dual-fuel engines reach 100,000 operating hours
07 Dec 2017 14:33 GMT
Teekay praises dual-fuel technology and collaboration with MAN Diesel & Turbo.

GTT focuses on growing fuel-related services with 75% stake in Ascenz
07 Dec 2017 13:23 GMT
Acquisition of bunker-saving solutions firm 'will prove to be very useful', says GTT.

Shipowners urged to renew Danish bunker certificate
07 Dec 2017 12:42 GMT
Bunker certificates typically expire on February 20.

Shell secures lubricant deal with Cosco Shipping for seven ULCCs
07 Dec 2017 12:12 GMT
Order covers full range of marine lubricants, onboard testing and analysis.

Oil dropped after bearish oil EIA report
07 Dec 2017 10:00 GMT
By A/S Global Risk Management.

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

Geos Blyth terminal: 'patch of mud' to bunkering hub in four years
06 Dec 2017 13:15 GMT
Bunker supplier highlights how facility has transformed into a 'busy' refuelling location.

Zero-emission vessel study to be released in December
06 Dec 2017 11:08 GMT
Report identifies the drivers that need to be in place to make zero-emission vessels a competitive solution.

New turbocharging system could slash bunker costs by up to 3%: ABB
06 Dec 2017 10:11 GMT
FiTS2 described as 'the result of ABB's continued commitment to reduce fuel consumption and emissions'.

Oil and fuel oil hedging market update
06 Dec 2017 08:48 GMT
By the Oil Desk at Freight Investor Services.

Huge gasoline stock build, OPEC (over)compliance and US economic data
06 Dec 2017 08:04 GMT
By A/S Global Risk Management.

Genoil inks accord to develop oil and gas fields and use desulphurization technology
06 Dec 2017 07:58 GMT
Firm says its it will be able to convert crude into low-sulphur fuel at a 'fraction of the cost of traditional refining processes'.

Monjasa seeks bunker traders in Panama
05 Dec 2017 15:22 GMT
Ideal candidates will have previous experience in the maritime or oil industry - preferably bunkering.

LNG bunkers 'our main focus': TMFGS CEO Olivier Jouny
05 Dec 2017 13:07 GMT
CEO says Total is now 'a major player' in LNG refuelling following CMA CGM deal.

Classification contract signed for CMA CGM's nine LNG-fuelled boxships
05 Dec 2017 12:12 GMT
Two Chinese shipyards ink contract with certification agency Bureau Veritas.

All eyes (back) on US shale oil producers
05 Dec 2017 09:55 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
05 Dec 2017 09:35 GMT
By the Oil Desk at Freight Investor Services.

Wartsila launches more powerful MDO-to-HFO engine with 'almost same' bunker consumption
04 Dec 2017 14:37 GMT
New engine features an increased cylinder output of 220 kilowatts.

Total to supply CMA CGM with 3m tonnes of LNG bunkers over 10 years
04 Dec 2017 12:01 GMT
Supply agreement covers LNG fuel and lubricants for nine giant newbuild boxships.

Wartsila unveils system that uses tanker VOCs as bunker fuel
04 Dec 2017 10:51 GMT
Patent-pending innovation is designed to offer 'significant' bunker savings.

World Fuel Services declares quarterly cash dividend
04 Dec 2017 08:55 GMT
Dividend payout is in line with the amount paid since April 2015.

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

Focus turning to US oil production
04 Dec 2017 07:24 GMT
By A/S Global Risk Management.

One-year countdown: world's first fully LNG-fuelled cruise ship to set sail in Dec 2018
01 Dec 2017 16:07 GMT
The AIDAnova is due to depart for the Canary Islands on Dec 2 next year.

Global Risk Management becomes licensed investment firm
01 Dec 2017 13:03 GMT
Company will add Danish word for investment firm to its name in all legally binding documents.

KVH Videotel launches LNG bunkering training course
01 Dec 2017 12:01 GMT
Programme based on SGMF competency and assessment guidelines.

Oil and fuel oil hedging market update
01 Dec 2017 10:31 GMT
By the Oil Desk at Freight Investor Services.

Aegean secures $750m credit facility with $250m accordion option
01 Dec 2017 10:13 GMT
Three-year global borrowing base replaces the company's outgoing one-year $1 billion facility.

Oil price hangovers? Not so much
01 Dec 2017 08:57 GMT
By A/S Global Risk Management.



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