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News Archive

Oil and fuel oil hedging market update
13 Nov 2018
By the Oil Desk at Freight Investor Services.

Singapore records best ever October bunker sales; YTD volume down 1%
13 Nov 2018
LSMGO jumps 47.2% as 2020 draws closer.

Oil trading below $70 after highly volatile start to week
13 Nov 2018
By A/S Global Risk Management.

Genoil lowers fuel sulphur content in latest processing run
13 Nov 2018
0.34% LSFO produced for UK client.

Aegean staff have been relying on compensation and benefits to support families: EY
13 Nov 2018
Unpaid wages at $3.75m as Aegean gets green light to pay personnel.

Higher bunker prices help push up Hanwa's overseas revenue
12 Nov 2018
Segment income jumped 210 percent in Q2.

Aegean doesn't have a centralized accounting system: EY director
12 Nov 2018
Lack of centralized system 'makes financial reporting and financial planning difficult', says Andrew Hede.

Oil and fuel oil hedging market update
12 Nov 2018
By the Oil Desk at Freight Investor Services.

Brent heads back upwards after breaking below $70 on Friday
12 Nov 2018
By A/S Global Risk Management.

Aegean's proposed bidding process revealed
12 Nov 2018
If approved, process would conclude on February 22 with a sale hearing.

Aegean proposes bidding timeline as Mercuria offers $681m
12 Nov 2018
Says bidding process represents 'best available restructuring alternative' after exploring non-binding proposals.

Genco to decide on scrubbers for 15 bulkers by early 2019 - 'if not before'
09 Nov 2018
CEO outlines concerns regarding price spreads beyond 2021 and fuel availability in smaller ports.

CMA CGM adjusts Taiwan bunker fee 'because of rising oil prices'
09 Nov 2018
New Emergency Bunker Recovery Measures to become effective from December 8.

Lukoil says it supplies up to 25% of Incentra's lube volume
09 Nov 2018
Incentra is 'impressed by their increased volume in such a short time'.

Oil and fuel oil hedging market update
09 Nov 2018
By the Oil Desk at Freight Investor Services.

Torm forms JV to make and fit scrubbers in China
09 Nov 2018
Latest commitment could potentially see around half of Torm's fleet fitted with scrubbers.

Make or break - will Brent hit $70 today?
09 Nov 2018
By A/S Global Risk Management.

Norden ups estimated 2020 scrubber costs
08 Nov 2018
But lowers overall 2018-20 CAPEX forecast to $40m.

NCL achieves double-digit growth as bunker costs reach $100m
08 Nov 2018
$470.4m net income in Q3; fuel expenses up 9.2 percent.

Hapag posts $84m profit growth despite higher bunker prices, consumption
08 Nov 2018
Probability of 'significant' Q4 fuel price rise assessed as being 'medium', with 'low' impact.

IMO 2020: The importance of securing credit lines | Liberty Marine Fuels
08 Nov 2018
Examining the impact of switching to higher-priced, IMO-compliant fuels.

Oil and fuel oil hedging market update
08 Nov 2018
By the Oil Desk at Freight Investor Services.

Oil prices remain volatile on mixed news
08 Nov 2018
By A/S Global Risk Management.

Aegean document reveals September plan to close four offices
07 Nov 2018
Offices in Rio, Shanghai, Singapore and St Petersburg all identified as up for 'planned closure'.

Oil and fuel oil hedging market update
07 Nov 2018
By the Oil Desk at Freight Investor Services.

Aegean: 'Cash erosion significantly accelerated' after banks reduced borrowing base
07 Nov 2018
Firm describes how situation deteriorated as suppliers moved to LCs and prepayment and its volume-buying capacity fell due to higher prices.

Downtrend continues as Brent briefly hits two-year low
07 Nov 2018
By A/S Global Risk Management.

Stockholders likely to get nothing: Aegean
06 Nov 2018
Confirms note default due to failure to pay; urges stock investors to act with 'extreme caution'.

Black Week: Aegean files for bankruptcy in same week as OW Bunker
06 Nov 2018
First seven days of November set to go down in history as the bunker industry's 'Black Week'.

Aegean files for Chapter 11 bankruptcy, seeks buyer
06 Nov 2018
Mercuria agrees to provide $532m to fund business and sale process.

Oil and fuel oil hedging market update
06 Nov 2018
By the Oil Desk at Freight Investor Services.

'Groundbreaking': ABB and SINTEF test fuel cells for main ship propulsion
06 Nov 2018
Trials expected to provide platform for fuel cells to develop and compete with fossil fuels.

Oil started out this week by retracing slightly upwards
06 Nov 2018
By A/S Global Risk Management.

Monjasa seals US financing deal with JP Morgan
05 Nov 2018
Credit facility to be used to cover the firm's activities in the US following 62.5% growth in the Americas.

LNG-fuelled Viikki starts regular trade in Baltic Sea
05 Nov 2018
Handysize bulker made its way from Sweden to Latvia over the weekend.

Sing Fuels hires credit manager to head global team
05 Nov 2018
Former Bunker Holding credit manager, Ulrich Hyldedahl Rasmussen, joins firm.

Oil and fuel oil hedging market update
05 Nov 2018
By the Oil Desk at Freight Investor Services.

Wartsila to supply largest LNG-fuelled high-speed catamaran
05 Nov 2018
Includes four Wartsila 31DF engines and LNGPac fuel gas storage and supply system.

Sanctions against Iran, waivers and downbeat Chinese economic data
05 Nov 2018
By A/S Global Risk Management.

SEA\LNG lauds sulphur cap, carriage ban outcomes
02 Nov 2018
MEPC 73 decisions 'provide greater certainty to ship owners', says chairman Peter Keller.

Aegean claims up to $300m of company assets were misappropriated
02 Nov 2018
Alleges UAE-based OilTank, controlled by 'former affiliate', received funds through inflated contracts and fraudulent pricing.

BIMCO targets rapid adoption of two IMO 2020 clauses
02 Nov 2018
Aims to fast-track 2020 Transitional Fuel Clause so that two can be issued as a 'package'.

DHT ups scrubber installation programme to 18 VLCCs
02 Nov 2018
Confirms profit-sharing time charter for two ships set to be fitted with scrubbers.

DHT cites bunker prices as key reason for rise in voyage costs
02 Nov 2018
Q3 voyage expenses jump 42% as tanker owner posts another quarterly loss.

Oil and fuel oil hedging market update
02 Nov 2018
By the Oil Desk at Freight Investor Services.

Oil prices continue October's downtrend
02 Nov 2018
By A/S Global Risk Management.

K Line records H1 losses as bunker prices rise
01 Nov 2018
Average bunker price paid climbed 35 percent in H1.

NYK pays 40% more for bunkers in Q2, posts further losses
01 Nov 2018
H1 bunker average up 30.5%.

Matson takes delivery of dual-fuel boxship - the biggest ever built in the US
01 Nov 2018
Vessel's dual-fuel engines can be adapted to run on LNG.

KPI Bridge Oil promotes Victoria Freeman to CFO
01 Nov 2018
New job title coincides with Freeman's ninth anniversary at the firm.

Oil and fuel oil hedging market update
01 Nov 2018
By the Oil Desk at Freight Investor Services.

Oil slips further as US reports largest ever output
01 Nov 2018
By A/S Global Risk Management.

ECSA hails adoption of EU report backing tax-free bunkers and low-carbon fuels
31 Oct 2018
Support for EU-wide tax exemption that also covers alternative fuels and shoreside electricity.

ONE posts $192m Q2 loss, adjusts H2 bunker average downwards
31 Oct 2018
Full-year bunker price forecast now at $451.

Bunker prices a 'cause for concern' as MOL fuel costs rise
31 Oct 2018
Shipper swings into the black, but records YoY drop in Q2 and H1 net income.

WFS: EMEA, North America record 40+% jump in marine revenue
31 Oct 2018
Asia-Pacific reclaims top spot, but EMEA and North America record most marine segment growth.

Oil and fuel oil hedging market update
31 Oct 2018
By the Oil Desk at Freight Investor Services.

After a volatile day yesterday, oil prices are heading up
31 Oct 2018
By A/S Global Risk Management.

Skangas seals LNG bunker supply deal with Gothia Tanker Alliance
30 Oct 2018
Ships operated by Erik Thun, Furetank Rederi and Rederi AB Alvtank form part of the agreement.

Euronav voices 'loophole' scrubber concerns
30 Oct 2018
Shipper looks towards producers and suppliers for solutions to 2020 challenges.

Kirby records 46% jump in net profit
30 Oct 2018
Barge operator's revenue climbs $163.6m as net earnings reaches $41.8m.

Oil and fuel oil hedging market update
30 Oct 2018
By the Oil Desk at Freight Investor Services.

MEPC 73 guidance approvals and further work
29 Oct 2018
Work still to be done on fuel oil best-practice guidance for member states and SIP.

Oil and fuel oil hedging market update
29 Oct 2018
By the Oil Desk at Freight Investor Services.

MEPC 73 brief | ABS
29 Oct 2018
Overview of key bunker-related issues addressed at MEPC 73.

Last week's financial market woes continue to weigh on prices
29 Oct 2018
By A/S Global Risk Management.

NGOs welcome support to adopt Arctic HFO ban
29 Oct 2018
Work to develop an Arctic ban on the use and carriage of HFO is set to commence in 2019.

ICS praises IMO work on sulphur cap, GHG reduction
29 Oct 2018
Welcomes developments on environmental issues and 'constructive role of China'.

Med ECA discussions to continue in Q4
29 Oct 2018
REMPEC study to be reviewed by technical committee and discussed in December workshop.

More optimism in marine than six months ago: WFS CFO
26 Oct 2018
WFS cites key reasons for marine profit rise; predicts Q4 decline.

Scrubber retrofit wave is coming: Goltens
26 Oct 2018
Expects to see surge in demand from firms looking to benefit from charging freight premiums based on fuel savings.

Geos emits winter warning to help ships tackle delivery and waxy build-up issues
26 Oct 2018
Refers to cold-weather issues to highlight the need to book early and source fuel from 'trusted suppliers'.

Oil and fuel oil hedging market update
26 Oct 2018
By the Oil Desk at Freight Investor Services.

World Fuel Services' 41% jump in marine profit 'better than expected'
26 Oct 2018
Result achieved despite decline in sales volume as income from operations and revenue both rise.

Intraday volatility in oil prices continues
26 Oct 2018
By A/S Global Risk Management.

Balearia to build gas-powered, high-speed catamaran
25 Oct 2018
Aluminium cutting scheduled for December; entry into service slated for the summer of 2020.

Rolls-Royce to power four LNG-fuelled Havila newbuilds
25 Oct 2018
Ro-pax ships due to start operating between Bergen and Kirkenes from January 2021.

Rivertrace launches water-in-oil sensor
25 Oct 2018
Smart WiO Sensor continuously monitors dissolved water content in oil to limit the risk of engine and machinery corrosion.

Oil and fuel oil hedging market update
25 Oct 2018
By the Oil Desk at Freight Investor Services.

Volatility rules as mixed news hits the market
25 Oct 2018
By A/S Global Risk Management.



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