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Home » News » News Archive - May 2018


News Archive - May 2018

KC LNG unveils 'game-changer' Y-piece that slashes bunker delivery times
18 May 2018 11:55 GMT
Attachment makes it possible to refuel a ship with LNG at double the speed of normal truck-to-ship bunkering.

Maersk COO explains unit cost at fixed bunker price, outlines fuel efficiency plan
18 May 2018 09:21 GMT
Soren Toft offers further insight into the Ocean segment's bunker-related results.

Brent remains near $80
18 May 2018 08:39 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
18 May 2018 07:55 GMT
By the Oil Desk at Freight Investor Services.

MAN Diesel & Turbo joins SEA\LNG
18 May 2018 07:18 GMT
Manufacturer says SEA\LNG's vision is 'well aligned' with its strategy.

Crew member files lawsuit against Vane Line Bunkering
17 May 2018 13:02 GMT
Plaintiff alleges that 'negligence, carelessness and recklessness' of Vane Line resulted in his injury.

GoodFuels secures funding from Dutch investment firm
17 May 2018 11:04 GMT
Investment to be used to boost product development and accelerate international growth.

Maersk Ocean profit impacted by higher bunker costs... which surge to almost $1.2bn
17 May 2018 09:05 GMT
Total spend on bunkers jumped YoY by 52.7% following Hamburg Sud takeover, whilst average fuel price was up 19.3%.

Oil and fuel oil hedging market update
17 May 2018 08:27 GMT
By the Oil Desk at Freight Investor Services.

Oil at three-and-a-half-year high on inventory deviations, geopolitical uncertainty
17 May 2018 07:23 GMT
By A/S Global Risk Management.

KPI Bridge Oil announces Group Marketing Manager promotion
17 May 2018 07:15 GMT
Alysha Chambers is promoted from Group Marketing Coordinator to Group Marketing Manager.

Praxis looking to hire bunker trader in Singapore
16 May 2018 17:31 GMT
Bunker firm aims to expand its trading team with new addition.

OceanConnect seeks bunker ops specialist in Singapore
16 May 2018 15:43 GMT
Aims to employ candidate with experience in fuel buying and/or sales operations in the Asian bunkering and shipping industry.

Biofuel comes out on top in another Lloyd's Register-UMAS report
16 May 2018 14:41 GMT
Study concludes that biofuel is currently the most affordable zero-emission option for shipping.

Renewable energy for shipping discussed in IMO debate
16 May 2018 13:17 GMT
Decarbonized electricity and renewable electricity from hydropower covered at IMO 70 Forum.

Oil and fuel oil hedging market update
16 May 2018 08:50 GMT
By the Oil Desk at Freight Investor Services.

Brent reached new highs of $79.47 before retracing to $78.2
16 May 2018 07:58 GMT
By A/S Global Risk Management.

Rotterdam posts Q1 rise in bunker sales
15 May 2018 14:13 GMT
Sales of marine fuel and lubricants (excluding LNG) were up 2.7% YoY and 5.1% QoQ.

New white paper examines benefits of Maersk Fluid Technology's BOB on system oil
15 May 2018 10:45 GMT
BOB is said to improve the system oil, making the engine more efficient and reducing fuel consumption.

Monjasa wins Best Compliance Award in Dubai
15 May 2018 08:37 GMT
Bunker firm recognised by the Dubai Multi Commodities Centre (DMCC) for its compliance approach.

Oil and fuel oil hedging market update
15 May 2018 08:34 GMT
By the Oil Desk at Freight Investor Services.

Will Brent reach $80 this week?
15 May 2018 07:19 GMT
By A/S Global Risk Management.

ING loses appeal in OW Bunker case involving US supplier
14 May 2018 15:41 GMT
US Court of Appeals upholds judgment that funds should be distributed precisely as the parties intended.

Singapore posts mixed bunker sales results in April
14 May 2018 10:14 GMT
April volumes higher than March but lower YoY; 380 cSt sales decline while 500 cSt and LSMGO record increases.

US oil production up; uncertainty over potential reimposing of sanctions on Iran
14 May 2018 08:41 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
14 May 2018 08:34 GMT
By the Oil Desk at Freight Investor Services.

Hapag-Lloyd's Q1 bunker consumption jumps 37% post UASC merger, records $34.3m loss
14 May 2018 07:47 GMT
Shipper says 18.8% bunker price rise 'had a negative impact on earnings'.

Total to offer LNG bunkering service in Oman
14 May 2018 05:02 GMT
Supplier plans to use feedstock from exploration project and develop a new liquefaction plant in Sohar.

Japanese owner fined $1m for illegally discharging oily waste
11 May 2018 13:50 GMT
Convicted and sentenced for obstruction of justice and falsification of an Oil Record Book to cover up pollution.

Case study on world's first purpose-built LNG bunkering vessel published
11 May 2018 14:31 GMT
Designed to illustrate the challenges Gas4Sea faced when developing LNG bunkering services in North West Europe.

North P&I urges shipowners to 'act now' ahead of 2020 sulphur cap
11 May 2018 12:39 GMT
P&I club concedes that the process of selecting a compliance option 'is not a simple choice'.

MPA outlines funding eligibility for distillate MFMs in Singapore
11 May 2018 09:59 GMT
Bunker tankers licensed by the MPA on April 26 will be eligible - except those that received MPA financing for fuel oil MFMs.

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

The uptrend in oil prices continues
11 May 2018 06:51 GMT
By A/S Global Risk Management.

VPS flash point distillate alerts already up to 10 - just one less than the whole of 2017
10 May 2018 16:43 GMT
Follows a number of low flash point alerts in Europe and North America in recent months.

Fincantieri launches fuel-efficient cruise ship with scrubber
10 May 2018 14:57 GMT
Viking Jupiter is sixth in a series of vessels for Viking Ocean Cruises.

Two JVs formed for launch of LNG bunker business in central Japan
10 May 2018 12:35 GMT
K Line, NYK, Toyota Tsusho and Chubu Electric Power agree to launch an LNG supply operation in the Chubu region.

Odfjell posts Q1 rise in bunker costs and $12.1m net loss
10 May 2018 10:08 GMT
Believes chemical tanker market will improve in Q2; expects 'stable' results for terminal business throughout 2018.

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

UK's MAIB to investigate engine fire that ended bunker-saving plan to revive Zeebrugge to Rosyth route
09 May 2018 15:53 GMT
Fire ultimately resulted in route being closed despite EUR 6m project designed to slash bunker costs.

The importance of calculating ship fuel consumption
09 May 2018 13:05 GMT
Bell Flow Systems discusses how it was recently involved in the installation of a fuel consumption system for The Spirit of Samso.

KPI Bridge Oil moves to different floor of Singapore skyscraper, hires trader
09 May 2018 11:41 GMT
Bunker firm stays in One Raffles Place, appoints experienced high seas specialist Zoe Tang.

Emissions 'black box' project shows digitalisation is 'likely key' to sulphur cap enforcement: DMA
09 May 2018 10:58 GMT
Technology recently tested in the Baltic Sea with the aim of improving sulphur emissions monitoring.

US withdraws from the 2015 Iran nuclear deal
09 May 2018 07:57 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
09 May 2018 07:50 GMT
By the Oil Desk at Freight Investor Services.

Class contract signed for two Royal Caribbean ships powered by LNG and fuel cells
08 May 2018 13:51 GMT
'The ships could potentially be some of the most fuel-efficient cruise vessels ever constructed', says DNV GL.

ICS raises concerns over 2020 fuel availability and agreed standards
08 May 2018 12:47 GMT
Association calls on IMO to 'urgently resolve' these issues within the next 18 months.

Shell Marine expands lubricants network in New Zealand, Indonesia, Spain and Chile
08 May 2018 10:30 GMT
'Country-wide commitment' in New Zealand follows release of trade growth data.

Wartsila to design and equip PSA Marine's new LNG-fuelled harbour tug
08 May 2018 09:03 GMT
Vessel to feature two Wartsila 20DF dual-fuel engines and LNGPac fuel storage and supply system.

Oil and fuel oil hedging market update
08 May 2018 08:16 GMT
By the Oil Desk at Freight Investor Services.

Trump set to announce today if US will remain in Iran nuclear deal
08 May 2018 07:27 GMT
By A/S Global Risk Management.

Uptrend continues; market ignores oil rig count increase
07 May 2018 07:13 GMT
By A/S Global Risk Management.

Stena Oil to build bunker terminal in Frederikshavn
04 May 2018 15:37 GMT
Facility set to be the largest of its kind in Scandinavia with a capacity of 75,000 cubic metres.

Top Ships extends time charter for fuel-efficient 'Eco' tanker
04 May 2018 14:20 GMT
Six-month extension with BP Shipping means charter coverage for 2018 is now at 100%.

Intraday volatility continues to be high as markets seem focused on short-term
04 May 2018 08:23 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
04 May 2018 08:17 GMT
By the Oil Desk at Freight Investor Services.

Panama Maritime Authority recognizes Prevention at Sea's oil record book software
04 May 2018 02:25 GMT
Prevention at Sea is now an authorized manufacturer and distributor of the Panamanian Oil Record Book in electronic format.

Balearia launches second fuel-saving 'eco fast ferry'
04 May 2018 01:52 GMT
The Eco Lux begins operating between the islands of Ibiza and Formentera.

Finnlines orders three hybrid ro-ro ships with scrubbers
04 May 2018 00:45 GMT
Vessels are to use fossil fuel whilst sailing and electricity when in port.

Prosecutor demands minimum five-year sentence for former OW Bunker director
03 May 2018 16:40 GMT
Case nears its conclusion as Dynamic Oil Trading's former CEO, Lars Moller, awaits verdict.

The Aegean board U-turn: From founder's son to shareholder group nominees in 71 days
03 May 2018 12:14 GMT
How Aegean went from almost incorporating Melissanidis's son and HEC's CEO to adding vocal shareholder group nominees instead.

BIMCO's Documentary Committee approves revised bunker contract
03 May 2018 08:47 GMT
BIMCO expects inclusion of liability cap - along with other changes - will lead to a wider adoption of the contract.

Oil market shrugs off mixed oil inventory report; bullish sentiment remains
03 May 2018 08:44 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
03 May 2018 07:55 GMT
By the Oil Desk at Freight Investor Services.

ExxonMobil barge features Endress+Hauser MFM system for MGO deliveries
02 May 2018 16:43 GMT
The MFM installed aboard ExxonMobil's chartered vessel is produced by E+H, the fuel supplier tells Bunker Index.

Aegean reaches settlement with RBM to dismiss litigation, appoints three board members
02 May 2018 14:44 GMT
Tyler Baron, Raymond Bartoszek and Donald Moore join board; Melissanidis's consulting contract is terminated.

Triton-linked firms ordered to pay $350k bond to avoid vessel arrest
02 May 2018 12:52 GMT
Bond would be held in connection with World Fuel Services' lawsuit for alleged non-payment of marine fuel.

World Fuel Services in legal battle over alleged non-payment of bunker fuel
02 May 2018 12:48 GMT
Case revolves around fuel delivery to the bulk carrier M/V Triton last year.

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

Mixed oil stocks data from the American Petroleum Institute (API)
02 May 2018 07:20 GMT
By A/S Global Risk Management.

Containerships Plc backs non-carbon future with LNG as interim solution
01 May 2018 13:51 GMT
Firm's current planning perspective for LNG is 25-30 years, during which time 'a significant change in technology' is expected.

Nissan 'enthusiastically supports' Containerships' LNG bunkering strategy
01 May 2018 10:27 GMT
Car manufacturer backs decision to use LNG fuel on routes between UK and Russia.

Oil and fuel oil hedging market update
01 May 2018 08:55 GMT
By the Oil Desk at Freight Investor Services.

Oil prices inch upwards as Iran nuclear deal takes centre stage
01 May 2018 08:08 GMT
By A/S Global Risk Management.

Aegean: More time needed to file annual report
01 May 2018 00:15 GMT
Says it requires time to complete its consolidated financial statements and assess internal control over financial reporting.



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