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Home » News » News Archive - March 2018


News Archive - March 2018

Exmar orders ME-LGIP engine for two LPG-fuelled ships
29 Mar 2018 14:24 GMT
Dual-fuel engines expected to operate on three percent pilot oil.

WinGD milestone: Natgas-VOC fuel mix for X-DF engine 'successfully tested'
29 Mar 2018 12:38 GMT
Development means VOC waste product can now be utilized as fuel.

Crowley loads first cargo from plant used to supply LNG-powered ConRo ships
29 Mar 2018 09:26 GMT
11,000 gallons of LNG loaded from Maxville liquefaction facility.

Rolls-Royce to supply more MTU engines to fuel-efficiency-focused Majestic Ferry
29 Mar 2018 08:25 GMT
14 MTU Series 2000 engines to be installed aboard seven fast ferries.

Oil and fuel oil hedging market update
29 Mar 2018 07:47 GMT
By the Oil Desk at Freight Investor Services.

OW plaintiffs resolve dispute after locking horns over who supplied fuel to bulker
28 Mar 2018 14:15 GMT
Sea Debt claimed that OW Bunker Panama had supplied fuel to the M/V Bridgegate - and not OW Bunker USA.

Aegean confirms expiration of HEC share purchase agreement
28 Mar 2018 12:17 GMT
Announcement comes during court-agreed negotiation period with RBM.

Oil lower on surprise API crude build, ongoing equities sell-off
28 Mar 2018 08:16 GMT
By A/S Global Risk Management.

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

Cockett Marine Oil swings into profit as bunker revenue rises
27 Mar 2018 19:01 GMT
Revenue from bunker fuels increased as a result of higher crude prices: Grindrod.

Grindrod to list shipping division on Nasdaq
27 Mar 2018 16:56 GMT
Revenue of business heavily influenced by the sales of Cockett Marine Oil and Unicorn Bunkers.

Quadrise chairman upbeat despite 'hugely disappointing' Saudi setback
27 Mar 2018 13:31 GMT
UK firm presses on with plan to develop series of MSAR projects; posits that interest in scrubbers has 'intensified'.

Quadrise posts GBP 2m interim loss
27 Mar 2018 11:09 GMT
Result is a GBP 0.4m improvement on 2016 and follows the introduction of cost-cutting measures last year.

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

Oil higher on geopolitics and potential oil cut extension into 2019
27 Mar 2018 07:22 GMT
By A/S Global Risk Management.

Refiner could pull out of Saudi project if accord not signed by April 1: Quadrise
26 Mar 2018 19:05 GMT
'Obtaining these signatures prior to 1 April is now unlikely,' Quadrise says.

Norden focused on risk management to achieve growth, optimize fuel efficiency
26 Mar 2018 17:17 GMT
Shipper highlights commitment to managing exposure with new risk department, framework and board committee.

ECSA urges IMO to press ahead with GHG reduction targets at MEPC 72
26 Mar 2018 12:46 GMT
Reiterates 'strongest possible commitment' to lowering emissions from shipping.

AET set to achieve fuel savings with tankers that use VOCs as bunkers
26 Mar 2018 09:46 GMT
Wartsila wins contract to install its VOC recovery technology aboard two new shuttle tankers.

Oil and fuel oil hedging market update
26 Mar 2018 08:54 GMT
By the Oil Desk at Freight Investor Services.

Fuel-saving ferry, LNG-powered ships were 'main milestones' of 2017: Balearia
23 Mar 2018 17:07 GMT
Operator lauds bunker-related projects as EBITDA and turnover grow.

Puget Sound maritime emissions slashed between 2005 and 2016: report
23 Mar 2018 13:23 GMT
Results show that air pollutant emissions fell by up to 97%, including 69% for fine particles.

Carnival posts 20.9% rise in Q1 bunker costs
23 Mar 2018 11:03 GMT
Average price paid for marine fuel jumped 20.7% to $437 per tonne.

Brent briefly touched $70 yesterday as bullish news continued to emerge
23 Mar 2018 09:30 GMT
By A/S Global Risk Management.

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

Bunkara Fuels halts bunkering activities
23 Mar 2018 09:18 GMT
Latin America specialist puts marine fuel operations on hold.

Cepsa presents South Europe's first multi-product LNG supply vessel
22 Mar 2018 16:17 GMT
Supplier adds flexibility to its offering with the multipurpose Oizmendi in Huelva.

UK bunker firm Geos seeks operations coordinators
22 Mar 2018 13:14 GMT
Company aims to employ two candidates. Application deadline is April 12.

Aegean and RBM to try and resolve their differences in HEC case
22 Mar 2018 12:17 GMT
Both parties agree to enter into negotiations as litigation proceedings are halted for three weeks.

Arctic ban on HFO: What to expect from MEPC 72
22 Mar 2018 09:45 GMT
Clean Arctic Alliance provides summary of latest developments and upcoming MEPC events.

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

Oil prices heading for $70?
22 Mar 2018 08:30 GMT
By A/S Global Risk Management.

LNG bunkering promoter Novatek obtains patent for gas liquefaction technology
21 Mar 2018 14:45 GMT
Patented LNG technology is based on a two-stage liquefaction process for Arctic temperatures.

MAN and HHI-EMD to build test engine facility
21 Mar 2018 12:17 GMT
MAN Diesel & Turbo says it aims to strengthen its development of dual-fuel gas engines.

Frontline cites bunker prices as key reason for rise in voyage costs
21 Mar 2018 10:51 GMT
Crude shipper also warns of higher compliance costs linked with sulphur limits and energy efficiency standards.

Oil and fuel oil hedging market update
21 Mar 2018 09:00 GMT
By the Oil Desk at Freight Investor Services.

The steep increase in oil prices continues
21 Mar 2018 08:42 GMT
By A/S Global Risk Management.

Finnlines exercises option to lengthen two more ro-ro ships
20 Mar 2018 13:15 GMT
Fuel efficiency set to improve once vessel lengthening has been completed.

ABB to equip two shuttle tankers with bunker-saving solutions
20 Mar 2018 12:49 GMT
Power and automation solutions will enable new ships to achieve 'high fuel efficiency', says ABB.

RightShip and CBL Markets deliver carbon neutral solution for Incitec Pivot
20 Mar 2018 11:56 GMT
Charterer offsets almost 150k tonnes of CO2 via joint emissions measurement and carbon offsetting solution.

Oil and fuel oil hedging market update
20 Mar 2018 08:54 GMT
By the Oil Desk at Freight Investor Services.

Coming to America
20 Mar 2018 08:32 GMT
By A/S Global Risk Management.

Keel laid for fuel-saving expedition ship
20 Mar 2018 07:43 GMT
Vessel features expanded bunker tanks for prolonged operations in remote areas.

Skangas says it performed 1,000 LNG bunker operations in 2017
19 Mar 2018 14:25 GMT
Truck-to-ship deliveries made up 60% of activities, according to supplier.

Dan-Bunkering promotes two Dubai traders to team leader
19 Mar 2018 13:28 GMT
Employees praised for their leadership skills as they move up the company's career ladder.

Court extends restraining order on Aegean's HEC takeover to April 9
19 Mar 2018 11:37 GMT
US judge finds 'good cause' to extend restraining order by a further 14 days.

Markets struggling to find direction after Friday's oil price surge
19 Mar 2018 10:09 GMT
By A/S Global Risk Management.

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

Plan to build methanol-fuelled ships for US-China project
16 Mar 2018 17:15 GMT
Project involves construction of US methanol plants and feedstock transportation between Louisiana and northern China.

Bunker One expands Israel operation with launch of ship-to-ship deliveries
16 Mar 2018 15:26 GMT
First barge supplies were performed last week, Global Director Peter Zachariassen tells Bunker Index.

OW Bunker liquidating trust granted permission to arrest ship
16 Mar 2018 11:37 GMT
US trust is claiming $870k for the alleged non-payment of bunker fuel.

Oil up slightly, but remains in tight trading range
16 Mar 2018 10:15 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
16 Mar 2018 10:06 GMT
By the Oil Desk at Freight Investor Services.

Monjasa explains how it uses questionnaires to improve quality
16 Mar 2018 00:21 GMT
COO tells Bunker Index how supplier and client forms are being used to 'raise the bar'.

Iberian Peninsula's biggest LNG bunker delivery performed in Cartagena
15 Mar 2018 14:55 GMT
Ten truckloads of LNG supplied to tanker in new milestone operation.

Stolt-Nielsen Gas chief bullish on firm's future role in LNG bunkering
15 Mar 2018 13:05 GMT
Firm gets ready to participate in LNG bunker market following sulphur cap 'boost'.

Stolt-Nielsen posts 50% jump in bunker costs as annual net profit is more than halved
15 Mar 2018 11:05 GMT
Net income down $63.1 million as marine fuel expenses rise by $72.2 million.

Oil and fuel oil hedging market update
15 Mar 2018 09:37 GMT
By the Oil Desk at Freight Investor Services.

Is Brent at a decision point?
15 Mar 2018 08:53 GMT
By A/S Global Risk Management.

Mobil SHC Aware Gear Series oils secure new thruster manufacturer approval
14 Mar 2018 14:44 GMT
Lubricants range gets go-ahead for use in ZF's marine propulsion systems.

Containerships plc bunkered 78,900 mt in Baltics and Med last year
14 Mar 2018 13:57 GMT
Improved financial results achieved despite 'sharp increase in bunker prices during the last quarter'.

SEA\LNG backs IMO carriage ban of non-compliant fuels
14 Mar 2018 12:05 GMT
Coalition urges formal approval of the ban at next MEPC meeting in April.

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

Mixed inventory data and upbeat Chinese economic data
14 Mar 2018 08:10 GMT
By A/S Global Risk Management.

Monjasa COO outlines firm's global approach to compliance
14 Mar 2018 07:51 GMT
Global compliance team has become a key part of the company's setup since it was first established in 2015.

Oil dropped slightly yesterday, but continues to trade in tight range
13 Mar 2018 12:27 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
13 Mar 2018 12:20 GMT
By the Oil Desk at Freight Investor Services.

Monjasa COO reflects on increased scrutiny from clients, banks and regulators
13 Mar 2018 08:35 GMT
ISO-certified firm believes it is well positioned to meet the increasingly rigorous requirements of industry stakeholders.

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

Fewer active oil rigs, booming U.S. jobs data support oil prices
12 Mar 2018 08:44 GMT
By A/S Global Risk Management.

Joint project launched to drive marine battery adoption
09 Mar 2018 15:55 GMT
Aims to better understand the challenges and requirements of expanding the use of batteries in shipping.

Aegean defines strategy to improve gross spread
09 Mar 2018 12:18 GMT
Plan includes escalating business in ARA and Germany and 'cherry-picking' volumes in Los Angeles.

Aegean could sell Fujairah storage terminal: CFO
09 Mar 2018 12:13 GMT
Would be 'one alternative' to generate liquidity, but 'not a good time' to sell.

Aegean set to terminate physical bunker operation in Fujairah
09 Mar 2018 12:03 GMT
Supplier looking to withdraw from market that has been 'an overall drag on gross spread'.

Oil and fuel oil hedging market update
09 Mar 2018 09:32 GMT
By the Oil Desk at Freight Investor Services.

Oil prices seem stabilising for now, but eyes are on tonight's oil rig count
09 Mar 2018 09:04 GMT
By A/S Global Risk Management.

Ports of Bremen and Bremerhaven call for Arctic HFO ban
08 Mar 2018 15:42 GMT
'Heavy fuel oil has no place in Arctic shipping,' says Bremenports CEO.

Monjasa launches MOST global trainee programme
08 Mar 2018 15:08 GMT
Seeks between five and seven trading trainees to join new programme.

New Latin America specialist Bunkara Fuels launched in US, Mexico
08 Mar 2018 10:25 GMT
Bunker firm focusing especially on the Pacific Coast, Gulf of Mexico and Caribbean.

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

Oil drops on inventories, trade war worries
08 Mar 2018 08:25 GMT
By A/S Global Risk Management.

Aegean posts 2017 loss as YoY gross spread plummets
08 Mar 2018 08:12 GMT
Company sees HEC acquisition as solution to deliver sustainable growth moving forwards.

Hellenic Petroleum posts 18% rise in 2017 bunker sales
07 Mar 2018 13:43 GMT
Greek refiner says it sold 2.8 million tonnes of marine fuel last year.

20|20 Marine Energy and BunkerMetric to launch predictive analysis technology for 2020 compliance
07 Mar 2018 12:41 GMT
Designed to help firms implement the most effective strategy to minimize costs, risks, and ensure compliance.

Norwegian partnership creates 'one-stop-shop' for oil spill response
07 Mar 2018 10:51 GMT
Tie-up involves Framo, Maritime Partner, Norbit Aptomar and NorLense.

Potential trade war and weekly oil stock data sent oil prices slightly lower
07 Mar 2018 09:28 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
07 Mar 2018 08:56 GMT
By the Oil Desk at Freight Investor Services.

Viking Ocean Cruises orders six vessels
07 Mar 2018 08:21 GMT
Units in latest series have featured fuel-efficient engines and scrubber technology.

100th cruise ship order for bunker-saving Azipod propulsion
06 Mar 2018 14:14 GMT
Around 700,000 tonnes of fuel are estimated to have been saved by cruise vessels using the technology.

Alfa Laval launches connectivity solution to simplify SOx compliance
06 Mar 2018 11:45 GMT
Programme provides clients with finished compliance summary to hand over directly to authorities.

Hapag-Lloyd announces revised Trans-Pacific bunker charges
06 Mar 2018 09:35 GMT
Fees raised for trades from East Asia and Indian Subcontinent to East Coast North America.

Oil prices continue the uptrend
06 Mar 2018 09:08 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
06 Mar 2018 08:49 GMT
By the Oil Desk at Freight Investor Services.

Higher bunker prices drive up voyage costs as Eagle Bulk posts 2017 loss
06 Mar 2018 08:18 GMT
Signs of improvement with first positive operating income in seven years.

Two Exmar newbuild VLGCs to run on LPG
05 Mar 2018 15:33 GMT
Vessels are scheduled for delivery in 2020.

Stena Line ferry a step closer to battery operation
05 Mar 2018 14:02 GMT
Stena Jutlandica to undergo battery refit in three-phase project.

Gazpromneft-Lubricants inks Nornickel supply deal
05 Mar 2018 11:48 GMT
Nornickel set to receive 80 tonnes of marine lubricants in the first half of 2018.

Oil is headed for an exciting week
05 Mar 2018 09:13 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
05 Mar 2018 08:54 GMT
By the Oil Desk at Freight Investor Services.

ssLNG 'heavily dependent' on large-scale import terminals: GIE
02 Mar 2018 15:53 GMT
Small-scale LNG infrastructure database released for European market.

BW LPG backs LPG bunkering, urges 'robust enforcement' of sulphur cap
02 Mar 2018 13:07 GMT
LPG shipper stresses that regulations will only work if they are properly policed.

World Fuel Services declares quarterly cash dividend
02 Mar 2018 10:58 GMT
Dividend is in line with recent payouts.

OceanConnect Marine relocates office to Manhattan, New York
02 Mar 2018 09:37 GMT
Bunker firm moves to parent company's office building in Midtown.

Oil and fuel oil hedging market update
02 Mar 2018 08:54 GMT
By the Oil Desk at Freight Investor Services.

Fears of global trade war weigh on oil prices
02 Mar 2018 08:19 GMT
By A/S Global Risk Management.

World Fuel Services launches physical supply operation in Tampa
01 Mar 2018 15:55 GMT
Fuel oil and diesel will be supplied from Port Manatee to ships in Tampa Bay.

K Line and Uyeno join SEA\LNG coalition
01 Mar 2018 11:47 GMT
Japanese membership boosted with two further additions.

Cool Pool ended Feb with 18 tri-fuel ships
01 Mar 2018 10:55 GMT
LNGC pool consists of ships with fuel-efficient, tri-fuel, diesel-electric (TFDE) propulsion technology.

Decline in oil prices continues
01 Mar 2018 09:26 GMT
By A/S Global Risk Management.

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

CPC discontinues sale of MDO in Taiwan
01 Mar 2018 07:34 GMT
Companies previously buying MDO now look set to spend around $15 more on distillates as a result.



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