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Home » News » Europe News - October 2014


Europe News - October 2014

Fishing vessels to feature 'fuel-efficient' propulsion equipment
30 Oct 2014 15:02 GMT
Lunar Fishing vessels to incorporate integrated propulsion system producing 'fuel cost savings and greater operating efficiency'.

Total Lubmarine investing in 'future-proof' lubricants
30 Oct 2014 12:22 GMT
Supplier is 'committed to investing in the chemistry' to deliver simple-to-use lubricants.

Wärtsilä to supply 'highly efficient' integrated propulsion
29 Oct 2014 14:46 GMT
Integrated propulsion system is designed to ensure maximum efficiency with low fuel consumption.

Trumf Bunker targets Asian market with staff appointment
29 Oct 2014 12:08 GMT
New appointment, Adam Wang, will be tasked with developing the company's business in Asia.

Bunker firm seeks traders
28 Oct 2014 18:12 GMT
Job posting for bunker traders to work in North Europe.

OW Bunker shares were sold weeks ago, confirms SEB Wealth Management employee
28 Oct 2014 16:46 GMT
Portfolio manager confirms that SEB Wealth Management in fact sold all its shares in OW Bunker shortly after the company's adjusted forecast on October 7.

Standard Bunker Contract to be submitted for approval
27 Oct 2014 15:57 GMT
BIMCO says its draft boilerplate contract is "already being successfully used". Feedback has been "positive and encouraging".

Survey: Vessel operating costs expected to rise over the next two years
27 Oct 2014 15:02 GMT
Several respondents did note, however, that reductions in oil prices were likely to result in reduced operating and voyage expenses, respectively, in terms of lubes and fuel.

OW Bunker shareholder announcement
27 Oct 2014 13:38 GMT
Asset management firm, Cantillon Capital Management LLC, reduces its holdings of shares in OW Bunker to 5 percent.

Exhaust gas cleaning systems for two medium-range tankers
27 Oct 2014 11:30 GMT
Norwegian firm selected to supply exhaust gas cleaning systems for two vessels owned by oil major.

Intertanko supports IMO bunker quality control decision
24 Oct 2014 15:07 GMT
Association backs decision to consider introducing measures to improve controls of bunkers delivered to ships.

Fuel oil availability guidelines released
24 Oct 2014 13:16 GMT
Guidelines are designed to provide advice on the implementation of Reg. 18 of Chapter III of Annex VI of MARPOL on Fuel Oil Availability.

NGO calls for transparency on 2015 bunker surcharges
24 Oct 2014 12:44 GMT
Secretary-General says information on additional costs is needed now as shippers set their freight budgets for 2015.

MEPC 67: Summary of bunker-related issues
23 Oct 2014 14:15 GMT
Topics discussed included the development of a data collection system for fuel consumption, a methodology framework for a review on the availability of compliant fuel oil, and a quality assurance guidance for fuel oil deliveries.

Solar panel installation for Blue Star Delos completed
23 Oct 2014 13:14 GMT
Solar power system is being integrated with the Aquarius Management and Automation System (MAS), which will log fuel oil consumption and calculate emissions.

OW Bunker posts unrealized loss of $24.5 million in Q3
23 Oct 2014 08:01 GMT
Earnings hit by unrealized risk management loss. Full-year volume outlook lowered to focus on higher margin business.

Glycerine a 'viable, extremely clean alternative marine fuel'
22 Oct 2014 09:12 GMT
Project concludes that glycerine is a 'technically feasible very low emissions alternative fuel in the marine market'.

'Most fuel-efficient propulsion' for new trawler
21 Oct 2014 13:13 GMT
Norwegian fishing company Ramoen enters into an agreement for the construction of a new stern trawler.

Quadrise announces financial results
21 Oct 2014 10:02 GMT
Emulsion fuel oil firm announces its results for the year ended 30 June 2014.

OW Bunker to hold Q3 earnings call on October 23
21 Oct 2014 06:48 GMT
Bunker firm said earlier this month that it would be posting an unrealized accounting loss of around $22 million for the third quarter of 2014.

Floating LNG power plant christened 'Bumblebee'
20 Oct 2014 15:01 GMT
Vessel is to supply cruise ships with LNG during layovers at Hamburg.

Arctic fuel oil ban recommendation approved
20 Oct 2014 11:58 GMT
A recommendation to prevent ships from carrying heavy fuel oil as fuel or cargo in the Arctic was approved last week by the Marine Environment Protection Committee (MEPC).

LNG receiving terminal launched in Scandinavia
20 Oct 2014 10:29 GMT
LNG to be delivered to marine and land-based customers following launch of $107 million facility.

Four ports discuss harmonizing LNG bunkering standards and procedures
20 Oct 2014 07:31 GMT
The ports of Antwerp, Rotterdam, Zeebrugge and Singapore participated in an LNG focus group last week.

Aegean announces new $20 million share repurchase program
17 Oct 2014 12:39 GMT
Bunker firm may repurchase up to $20 million of outstanding common stock over the next two years.

EU co-legislators urged not to preempt global CO2 data collection 'progress'
15 Oct 2014 17:25 GMT
ECSA Secretary-General hopes EU decision-makers will "avoid making any decisions that might hinder the ongoing progress at international level". ICS agrees.

Sekimizu's speech at MEPC 67
15 Oct 2014 07:33 GMT
IMO Secretary-General, Koji Sekimizu, spoke earlier this week at the 67th session of the Marine Environment Protection Committe (MEPC).

Viscount Torrington 'excited' about bunker fuel desulphurization project
14 Oct 2014 15:41 GMT
Aristocrat joins advisory board as Genoil "seizes the major opportunity in the bunker fuel market".

Membrane tank technology ordered for two LNG carriers
14 Oct 2014 13:31 GMT
Technology is said to offer an optimized daily boil-off rate and help achieve fuel savings.

Four dual-fuel engines ordered for BW Group vessels
14 Oct 2014 12:42 GMT
LNG carriers are to be built at the Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) shipyard in Geoje, South Korea.

Lubmarine-sponsored research project completed
13 Oct 2014 14:37 GMT
10,000-kilometre kayak project involved research on toxic algae and noise pollution in the Mediterranean.

Fake bank account warning
13 Oct 2014 14:10 GMT
Shipping companies are warned about "continued attempts by fraudsters" to divert funds to a fake bank account.

Gas handling systems chosen for world's largest ethane carriers
13 Oct 2014 13:45 GMT
Very large ethane carriers (VLECs) are scheduled to be delivered between 2016 and 2017.

Bunker-related issues on MEPC 67 agenda
13 Oct 2014 11:13 GMT
Topics to be covered this week include bunker delivery note amendments, fuel oil quality control measures, the review on the availability of compliant fuel oil, energy efficiency measures and draft amendments to MARPOL.

Rotterdam 380 cSt quotes below $500 for first time in 45 months
10 Oct 2014 10:12 GMT
Suppliers quoting sub-$500 per tonne levels today as prices tumble at Europe's leading bunker port.

Business development appointment at Island Oil
09 Oct 2014 12:03 GMT
New employee joins Island Oil's head office in Limassol.

Jenny Tsagli joins Island Oil
09 Oct 2014 11:36 GMT
Experienced bunker professional heads Island Oil's sales operation in Piraeus.

OW Bunker expects 20% drop in annual profit on sliding oil prices
08 Oct 2014 14:24 GMT
Bunker firm expects sales volumes to rise by 10% in 2014, but "exceptional fall in the oil price" leads to revised profit guidance.

LNG fuel trials performed in Zeebrugge
08 Oct 2014 13:49 GMT
Sister vessel is also expected to arrive at the Belgian port for similar trials later this month.

LNG-powered bunker vessel approved by Bureau Veritas
08 Oct 2014 08:13 GMT
Delivery vessel also includes 1,000 cubic metres of marine diesel oil storage.

Supplier 'feeling proud' of new bunker tanks
07 Oct 2014 11:00 GMT
Bunker firm reveals photo of completed storage project.

Mobil SHC Aware hydraulic oils approved by Eaton Corporation and Parker Hannifin Denison
07 Oct 2014 08:55 GMT
Environmentally Acceptable Lubricants (EAL) are designed to optimize the performance of hydraulic systems.

OW Bunker appoints manager for UK sourcing and reselling operations
07 Oct 2014 07:20 GMT
Varun Chhabria joins the company from Wales-based fuel supplier.

Cat fines separated 'more effectively than ever before'
06 Oct 2014 11:52 GMT
Product is said to be able to separate catalyst residues (cat fines) from fuel 'extremely efficiently and reliably'.

$6 million order for exhaust gas cleaning systems
06 Oct 2014 10:10 GMT
Delivery is scheduled for 2015 and 2016.

Study: Small decline in ship operating costs in 2013
02 Oct 2014 14:18 GMT
Crew costs was the only category to show an increase over the 12-month period.

Lowest monthly Rotterdam 380 cSt average since January 2011
02 Oct 2014 13:32 GMT
Rotterdam's monthly 380 cSt average was $18 lower in September - the biggest decrease in 17 months.

Brokers urged to put it in writing
01 Oct 2014 16:01 GMT
Brokers are warned that they face the risk of "serious financial loss" if they fail to ensure that all parties are in possession of full, confirmed information prior to the conclusion of negotiations.

IBIA event to put concerns over ECA compliance under the spotlight
01 Oct 2014 12:24 GMT
Annual convention takes place just weeks ahead of the implementation of laws on the sulphur content of marine fuels.



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