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Home » News » News Archive - February 2018


News Archive - February 2018

Third fully LNG-powered ship ordered for AIDA Cruises
27 Feb 2018 13:17 GMT
Vessel is slated for delivery in 2023.

Straits Inter Logistics posts profit jump from bunkering in 2017
27 Feb 2018 12:32 GMT
Revenue from bunkering and oil trading skyrocketed 96.2 percent last year.

Corvus Energy seals deal to power three hybrid PSVs
27 Feb 2018 10:18 GMT
Orca ESS will be providing battery power to seven SEACOR hybrid PSVs overall.

Geos MD: Where will oil prices go from here?
27 Feb 2018 09:06 GMT
Barry Newton examines the factors affecting the price of oil and provides 2018 outlook.

Brent oil price remains in the upper sixties
27 Feb 2018 09:01 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
27 Feb 2018 09:59 GMT
By the Oil Desk at Freight Investor Services.

Shell warns of potential LNG shortage in mid-2020s
26 Feb 2018 13:31 GMT
Urges 'mismatch' between buyers and sellers to be resolved so that project developers can make investment decisions.

NCL's bunker costs rose 7.7% in 2017
26 Feb 2018 12:45 GMT
Vessel operator expects average fuel price to be steady in 2018 at $465.

Dennis Ho joins Peninsula Petroleum as Supply Manager
26 Feb 2018 10:46 GMT
Former Aegean GM has worked in various trading and managerial positions since joining the industry in 2000.

Oil and fuel oil hedging market update
26 Feb 2018 09:54 GMT
By the Oil Desk at Freight Investor Services.

Oil higher on U.S. crude exports, dollar and Libya supply disruptions
26 Feb 2018 08:50 GMT
By A/S Global Risk Management.

World Fuel Services aims to cut bunker costs by 3-4% in 2018
26 Feb 2018 08:43 GMT
Drop in sales volume mainly due to exiting markets and scaling down activities, says CFO.

WFS marine posts drop in Q4 gross profit, revenue
23 Feb 2018 14:33 GMT
$77m loss from operations posted for the last quarter of 2017.

World Fuel Services sold 26.5m tonnes of marine fuel in 2017
23 Feb 2017 13:34 GMT
Figure is 4.9m tonnes lower than in 2016.

World Fuel Services posts 2017 loss as marine gross profit falls 16%
23 Feb 2018 12:42 GMT
Non-cash impairment charge of $91.9m said to be primarily related to its marine business.

Nauticor performs maiden Rotterdam LNG bunker delivery
23 Feb 2018 10:24 GMT
LNG fuel supplier extends network in the North Sea with the launch of deliveries at Europe's biggest port.

Oil and fuel oil hedging market update
23 Feb 2018 09:39 GMT
By the Oil Desk at Freight Investor Services.

Oil inches up on bullish stocks data and lower dollar
23 Feb 2018 08:46 GMT
By A/S Global Risk Management.

WinGD confirms authorized providers for two-stroke engines
22 Feb 2018 14:42 GMT
Wartsila Services and CSSC Marine Service Co. Ltd. can now offer support for two-stroke engine brands.

TMS Cardiff Gas looks to save fuel with Eniram
22 Feb 2018 14:04 GMT
Data collection and analytics included in scope of services provided by Wartsila under new agreement.

HEC overview and reasons for Aegean acquisition
22 Feb 2018 10:50 GMT
Complementary synergies of growth are said to rest on four key pillars.

Oil and fuel oil hedging market update
22 Feb 2018 09:08 GMT
By the Oil Desk at Freight Investor Services.

Surprise draw in crude stocks yesterday; awaiting EIA data
22 Feb 2018 08:44 GMT
By A/S Global Risk Management.

FIS recommends hedging in cleared market to avoid lengthy credit negotiations and disruptions in 2020
21 Feb 2018 13:28 GMT
UK firm offers solution to players needing to extend their credit lines as they switch to more expensive fuel in 2020.

Shell to charter - and bunker - two dual-fuel crude tankers
21 Feb 2018 12:16 GMT
Vessels form part of six-tanker series due for delivery between Q3 2018 and Q1 2019.

Brent slightly lower on stronger dollar
21 Feb 2018 10:20 GMT
By A/S Global Risk Management.

Aegean expects Q4 $28.2m loss; 2018 'likely to be another tough year'
21 Feb 2018 09:32 GMT
Company believes 'transformation' will result in 'significant value' for shareholders over time.

Oil and fuel oil hedging market update
21 Feb 2018 08:40 GMT
By the Oil Desk at Freight Investor Services.

Aegean buys Melissanidis-owned firms; founder's group to become biggest shareholder
21 Feb 2018 07:16 GMT
Boardroom power play as acquired firm is set to nominate three board members - including founder's son George.

Cockett expands commercial team with 19 hires
20 Feb 2018 18:11 GMT
Staff added in Athens, Dubai, Istanbul, London, Mumbai, Palm Beach, Rotterdam and Singapore.

Goltens partners with Yara Marine on SOx scrubbers
20 Feb 2018 11:28 GMT
Pact covers engineering and installation, plus sales representation in North America, Middle East and Singapore.

IBIA names Michael Green as new chairman
20 Feb 2018 09:43 GMT
Intertek's Global Technical Manager takes over from Robin Meech.

Aegean shareholder group 'gravely concerned' by board's 'silence'
20 Feb 2018 09:23 GMT
Committee for Aegean Accountability says it intends to serve the company with a books and records request.

Oil and fuel oil hedging market update
20 Feb 2018 09:19 GMT
By the Oil Desk at Freight Investor Services.

Brent crude took modest gains yesterday
20 Feb 2018 08:19 GMT
By A/S Global Risk Management.

ABS issues SOx and NOx emissions reminder
20 Feb 2018 08:00 GMT
Association provides summary guide on SOx and NOx emissions standards.

Lubmarine extends EAL range with launch of BIO OG PLUS
20 Feb 2018 07:22 GMT
New grease product to be rolled out to strategically located ports around the world.

First concurrent bunkering operation performed at Stolthaven Singapore
20 Feb 2018 06:50 GMT
Chemical tanker Stolt Virtue refuelled whilst simultaneously performing terminal operations.

Furukawa Battery certified as approved supplier of marine batteries
19 Feb 2018 11:18 GMT
Certification obtained after factory inspection, evaluation trials and testing.

Quadrise: Fuel production system commissioned in Saudi Arabia
19 Feb 2018 10:15 GMT
'Unexpected delay' in combustion boiler trial agreement process.

Is oil heading for the 70s or lower 60s?
19 Feb 2018 09:37 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
19 Feb 2018 09:31 GMT
By the Oil Desk at Freight Investor Services.

FIS expecting strong HSFO paper liquidity 'right up to deadline day' in 2020 and beyond
19 Feb 2018 07:51 GMT
FIS bunker head warns firms against using 'proxy hedges' for MGO to cover all their marine fuel exposure.

GTT hails 'great start to the year' with LNG tank orders
19 Feb 2018 04:52 GMT
French firm 'starting to see the ramp-up of our LNG as a fuel activity'.

Rotterdam posts lowest calendar year bunker sales of the 2010s
16 Feb 2018 16:01 GMT
Port recorded a 2.5% decline in sales of marine fuels and lubricants in 2017.

Bomin to launch physical supply of ULSFO in ARA region
16 Feb 2018 14:12 GMT
Service due to commence between the end of February and beginning of March.

Viking Line's bunker costs jump 18.3% in 2017
16 Feb 2018 13:39 GMT
Ferry operator notes that bunker prices this year "are expected to be higher than in 2017".

Vopak's net profit dips 12% in 2017
16 Feb 2018 12:18 GMT
Terminal operator achieves 'satisfactory performance' in 2017; expects to 'significantly improve' EBITDA in 2019.

Odfjell posts rise in FY and Q4 2017 bunker costs
16 Feb 2018 10:24 GMT
Average bunker cost per tonne was up 10.6% in 2017.

Oil and fuel oil hedging market update
16 Feb 2018 10:01 GMT
By the Oil Desk at Freight Investor Services.

Brent remained around $64-65 yesterday as market digested oil comments and weaker dollar
16 Feb 2018 08:40 GMT
By A/S Global Risk Management.

Historical review of VPS Bunker Alerts: Steve Bee
15 Feb 2018 16:23 GMT
Director Steve Bee analyzes recent trends in bunker fuel quality.

Arkas boosts bunker sales by 37% in 2017
15 Feb 2018 13:12 GMT
Supplier's annual delivery volume has almost doubled in the space of three years.

Oil and fuel oil hedging market update
15 Feb 2018 11:35 GMT
By the Oil Desk at Freight Investor Services.

Oil changed its mind
15 Feb 2018 09:24 GMT
By A/S Global Risk Management.

Bunker Connect selected for PortXL 2018 accelerator program
15 Feb 2018 09:09 GMT
Hybrid online bunker broking service is one of 14 firms to make it through to 100-day, mentorship-driven program.

NGOs call out PPR's 'lack of commitment' towards black carbon
14 Feb 2018 16:33 GMT
Move towards 2020 sulphur cap enforcement welcomed by Clean Arctic Alliance.

Maersk Line recorded two incidents of sulphur non-compliance in 2017
14 Feb 2018 15:08 GMT
Shipper stresses that it makes more than 50,000 port calls a year and did not financially benefit from the incidents.

Maersk Line spent $1.2bn more on bunkers in 2017; average price was highest since 2014
14 Feb 2018 10:25 GMT
Boxship giant's annual spend jumped 57.1% to $3.2bn last year.

Fundamentals weigh on crude oil prices
14 Feb 2018 09:54 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
14 Feb 2018 09:45 GMT
By the Oil Desk at Freight Investor Services.

Nauticor performs Germany's biggest ever LNG bunker delivery
13 Feb 2018 14:34 GMT
Hopper dredger supplied with 85 tonnes in truck-to-ship operation.

AkzoNobel develops bunker-saving fouling solution based on UV-LED technology
13 Feb 2018 13:28 GMT
'Revolutionary' technology to be applied to underwater surfaces to eliminate fouling growth.

Brightoil confirms early $9.6m redemption of listed bonds
13 Feb 2018 10:40 GMT
Bondholders had the right to redeem them following the suspension in trading of Brightoil's shares.

Oil and fuel oil hedging market update
13 Feb 2018 09:11 GMT
By the Oil Desk at Freight Investor Services.

In a volatile session yesterday, Brent fluctuated between $62.5 and $64
13 Feb 2018 08:47 GMT
By A/S Global Risk Management.

ABS updates exhaust emission abatement guide
13 Feb 2018 08:14 GMT
62-page document covers scrubbers, emission monitoring systems, EGR and SCR systems.

Oil and fuel oil hedging market update
12 Feb 2018 09:59 GMT
By the Oil Desk at Freight Investor Services.

Oil rig rise, financial markets stabilising, geopolitical risk premium up
12 Feb 2018 09:43 GMT
By A/S Global Risk Management.

IMO a step closer towards enforcing global sulphur cap
09 Feb 2018 17:02 GMT
PPR5 agrees MARPOL draft amendments to prohibit the carriage of non-compliant fuel oil.

Cavotec equipment moored LNG-fuelled ferry 905 times in first year
09 Feb 2018 13:50 GMT
Tallink's Megastar completed its first year in service at the end of January.

IMO and EBRD to examine LNG bunkering, cold ironing and emissions-reducing projects
09 Feb 2018 11:33 GMT
Gap analysis to be carried out as part of new partnership.

Oldendorff sets bunker volume record as deliveries jump 27%
09 Feb 2018 10:08 GMT
Number of stems rose to 6,232 in 2017 as volume purchased reached 3.5 million tonnes.

Oil notched lower yesterday as oversupply fears loom
09 Feb 2018 09:26 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
09 Feb 2018 09:22 GMT
By the Oil Desk at Freight Investor Services.

Eniram updates fuel performance monitoring tool
08 Febl 2018 17:02 GMT
SkyLight 3.0 now includes mobile notifications and virtual propeller RPM sensing.

ClassNK subsidiary launches IMO fuel consumption reporting service
08 Feb 2018 13:27 GMT
Support service for setting up Data Collection Plan in accordance with IMO's fuel consumption reporting system.

Scorpio Bulkers COO voices scrubber 'scepticism' once again
08 Feb 2018 12:13 GMT
Scrubber legislation, existing technology and the availability of fuels in 2020 all 'stand in the way' of long-term decision making, says Mackey.

Oil prices heading lower
08 Feb 2018 09:22 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
08 Feb 2018 09:18 GMT
By the Oil Desk at Freight Investor Services.

Hapag-Lloyd implements emergency bunker fee on 'strong bunker price development'
07 Feb 2018 15:17 GMT
Surcharge is due to become effective on March 9.

Scrubbers not a long-term solution: DHT Holdings CEO Harfjeld
07 Feb 2018 13:01 GMT
Charterers 'concerned' about availability of compliant fuel, says co-CEO of fleet owner with scrubbers installed.

Neste posts EUR 914m profit in 2017
07 Feb 2018 12:19 GMT
Finnish firm says the broadening of its low-sulphur marine fuel portfolio was a 'special focus' in 2017.

Oil up slightly as U.S. crude oil stocks fall
07 Feb 2018 09:24 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
07 Feb 2018 09:18 GMT
By the Oil Desk at Freight Investor Services.

CPC stops supplying 30 cSt marine fuel
06 Feb 2018 17:24 GMT
Measure affects the key Taiwanese ports of Kaohsiung, Taichung, Keelung, Hualien and Suao.

EMSA releases 430-page LNG bunkering guidance
06 Feb 2018 13:20 GMT
Document for port authorities and administrations is designed to support the use of LNG as a marine fuel.

Total and MOL sign charter contract for 'pioneer' LNG bunker supply vessel
06 Feb 2018 11:33 GMT
Total to focus on supplying large quantities of LNG to boxships, including CMA CGM's newbuild ULCVs.

Oil hit by financial market downturn
06 Feb 2018 09:35 GMT
By A/S Global Risk Management.

VPS flags up Singapore delivery shortages and failure to comply with MFM standard
06 Feb 2018 09:34 GMT
'There are still individuals who are prepared to risk unauthorised practices,' says VPS director Steve Bee.

Oil and fuel oil hedging market update
06 Feb 2018 08:52 GMT
By the Oil Desk at Freight Investor Services.

Bay of Biscay's first ship-to-ship LNG bunker delivery performed in Bilbao
05 Feb 2018 14:45 GMT
MV Ireland supplied with LNG in landmark delivery organized by Itsas Gas.

Houston sets new volume records
05 Feb 2018 13:05 GMT
US port records best ever annual tonnage and TEU figures in 2017.

World's first fully LNG-fuelled cruise ship to offer short trips before maiden voyage
05 Feb 2018 11:33 GMT
AIDAnova to provide pre-premiere cruises in north Europe before departing for the Canary Islands in December.

Bearish news weighs on oil prices
05 Feb 2018 09:24 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
05 Feb 2018 09:19 GMT
By the Oil Desk at Freight Investor Services.

NORbunker hires sales manager
02 Feb 2018 17:02 GMT
Danish bunker firm strengthens team with new addition.

Bunker Holding launches new brand for global physical supply business
02 Feb 2018 16:02 GMT
Group's physical supply businesses around the world will now operate under the brand name Bunker One.

Lukoil Bulgaria Bunker resumes physical operations in Romania
02 Feb 2018 13:01 GMT
Supplier offering RMG 380 and MGO in Constantza and nearby areas.

Gothenburg starts construction of land-based LNG bunker facility
02 Feb 2018 11:23 GMT
Will be available to ships calling at Gothenburg's Energy Port.

Brent hovering close to $70 in early trading
02 Feb 2018 09:26 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
02 Feb 2018 09:22 GMT
By the Oil Desk at Freight Investor Services.

Bunker savings drive demand for next-gen weather data: Tidetech
01 Feb 2018 17:18 GMT
More requests for high-res data where tides can have a bigger impact on fuel use, says Australian firm.

Ecoslops reports 'very strong business growth' in 2017
01 Feb 2018 15:18 GMT
Highlights include 40% rise in revenue and 30% increase in production.

Van Oord launches first LNG-fuelled ship
01 Feb 2018 14:04 GMT
The Werkendam is able to run on LNG with MGO as backup.

Brent remains below $70 on mixed oil inventory report
01 Feb 2018 09:50 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
01 Feb 2018 09:46 GMT
By the Oil Desk at Freight Investor Services.



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