Thu 6 Oct 2011, 07:48 GMT

Lithuanian oil terminal posts 21% income rise


Klaipeda facility announces income surge for the first nine months of 2011.



Lithuanian oil terminal operator Klaipedos Nafta has announced that preliminary income in the first nine months of 2011 was 21 percent higher than during the corresponding period in 2010.

Income up until the end of September rose to LTL 109,3 million (EUR 31,6 million), up from LTL 90,1 million (EUR 26,1 million) during the first nine months of 2010.

Revenues for Klaipedos Nafta last month amounted to LTL 8,6 million (EUR 2.5 million), 13 percent less than in September 2010. The company said this was due to a trial batch of 78,000 tonnes of crude oil being imported from Venezuela to Byelorussia during the month of September.

In September 2011 the company said it reloaded 547,000 tonnes of oil products into tankers - 12 percent less than in September 2010 - and discharged 581,000 tonnes of oil products into its storage tanks, representing a 1 percent decline on last year.

The Klaipeda facility mostly ships exports of oil products from Russian, Lithuanian, and Belarusian refiners. Last year it handled 7.9 million tonnes of oil products.


Tangier Maersk vessel. Maersk completes first US ethanol bunkering of a deep-sea container ship  

Shipper tests US-produced corn ethanol as a marine fuel aboard the Tangier Maersk.

CMA CGM Alceste naming ceremony. CMA CGM names methanol-powered vessel after Molière’s Alceste  

Ship features a MAN B&W 8G85ME two-stroke engine configured to run on conventional marine fuel and methanol.

Cutaway illustration of a battery-electric ship. Why batteries still cannot power ships across oceans  

Battery-electric ships dominate short-sea routes, but energy-density and infrastructure constraints keep deep-sea propulsion out of reach.

VPS logo. VPS to run marine fuel management course in Singapore  

Two-day programme in November covers fuel handling, testing and decarbonisation rules, including a laboratory tour.

Rio de Janeiro aerial view. Petrobras launches HSFO bunker sales in Rio de Janeiro  

Brazilian supplier begins prompt HSFO deliveries in Rio, pricing the fuel more than $80 per tonne below VLSFO.

Launching ceremony of MSC Alina X. Changhong International launches eighth LNG dual-fuel container ship for MSC  

10,300-TEU vessel is designed to meet ammonia- and methanol-ready specifications.

Kokuryu Maru vessel. Japan completes first methanol-fuelled coastal vessel and conducts inaugural bunkering  

Mitsubishi Gas Chemical, Kokuka Sangyo and Hanshin Diesel Works mark the completion of methanol-fuelled chemical tanker Kokuryu Maru.

Eleven Energy logo. Eleven Energy recruiting trader for new Singapore office  

Saudi bunkering firm looking to hire in Asian city-state ahead of planned January 2027 start date.

Singapore skyline. VPS advertises for bunker surveyor role in Singapore  

Testing and inspection firm seeks candidate to conduct bunker fuel surveys under Singapore Standards SS 648 and SS 600.

RCL vessels naming ceremony. RCL names first three of eight dual-fuel-ready 4,488-TEU vessels in China  

Regional Container Lines takes delivery of Anitta Bhum on day of naming ceremony.