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Home » News » Asia & Oceania News - May 2011


Asia & Oceania News - May 2011

Mission to deliver first LNG-fuelled bulk carrier
27 May 2011 12:31 GMT
Joint project aims to develop an energy-efficient LNG-powered bulk carrier to significantly lower bunker costs.

Hybrid power system to be tested in June
27 May 2011 07:17 GMT
System to be installed on solar power-assisted vessel and adapted to use low sulphur fuel.

Singapore fuel oil stocks fall 0.8m barrels
26 May 2011 13:16 GMT
Stockpiles fall from their highest level in three weeks in Singapore.

Agreement to develop Johor oil terminal
23 May 2011 06:33 GMT
Project forms part of plan to develop Southeast Johor into a regional oil and gas hub.

Shell launches bunker service at Jebel Ali
20 May 2011 11:26 GMT
New bunkering operation launched at the Middle East's largest container port.

Singapore fuel oil stocks up 1.5m barrels
19 May 2011 14:21 GMT
Stockpiles rise following two consecutive weeks of declines.

NOL stock downgraded to 'hold'
18 May 2011 09:33 GMT
Singapore bank downgrades Neptune Orient Lines stock following Q1 net loss.

Hong Kong: Chimbusco to lease additional storage - sources
18 May 2011 08:57 GMT
Supplier is reported to be planning to lease additional storage capacity for fuel oil in Hong Kong.

Dan-Bunkering appoints trader in Singapore
17 May 2011 09:04 GMT
Bunker firm expands Singapore team with new member of staff.

NOL posts loss on higher bunker costs
16 May 2011 07:21 GMT
Rising bunker prices continue to put pressure on costs and weigh down earnings.

China: VLCC market to benefit from oil import growth
13 May 2011 20:13 GMT
China's VLCC fleet is set to expand by 40 percent over the next four years as demand for imported oil continues to rise.

Matson fuel surcharge hits new record
13 May 2011 19:44 GMT
Fuel surcharge climbs to new record high for Hawaii's largest ocean shipper.

Andatee Q1 net income up 65 percent
13 May 2011 14:16 GMT
Net profit surge for Chinese supplier as first quarter revenues rise 49 percent.

Singapore sales fall 7.7 percent in April
13 May 2011 10:07 GMT
500-centistoke sales record largest year-on-year decline since November 2009.

Singapore fuel oil stocks fall 3.7 percent
12 May 2011 13:16 GMT
Stockpiles fall for the second consecutive week after peaking at the end of April.

Port Dickson fuel oil leak contained
11 May 2011 10:07 GMT
Shell says the clean-up operation at its Port Dickson refinery is now under control.

Andatee to announce Q1 results this week
09 May 2011 07:04 GMT
Chinese supplier to release financial results for the first quarter.

Trader buys 55,000 tonnes of fuel oil
06 May 2011 16:21 GMT
Fuel oil cargoes are scheduled for loading in mid-May.

Singapore fuel oil stocks fall 6 percent
05 May 2011 14:56 GMT
Stockpiles fall from their highest level since September 2010 in the seven days up to May 4th.

Fujairah 380-cst average up 6.5% in April
04 May 2011 14:02 GMT
Average 380-cst price climbs for the seventh consecutive month at the Middle East's leading bunker port.

Singapore 380-cst average up $36 in April
04 May 2011 11:48 GMT
Average 380-centistoke price in Singapore rises 5.7 percent month-on-month.

International Bunkering promotes trader
03 May 2011 08:09 GMT
Member of Dubai team is promoted to the role of senior bunker and lubricant trader.



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