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Home » News » News Archive - January 2010

News Archive - January 2010

Oil outlook forecasts rising prices in 2010
29 Jan 2010 13:11 GMT
Report says prices will increase with recovering fundamentals and a decline in OPEC’s spare capacity.

Market Briefing
29 Jan 2010 11:17 GMT

Refiner sells three 80,000-tonne lots of 380-cst
29 Jan 2010 10:13 GMT
380-centistoke parcels are scheduled for delivery between March and May 2010.

Propeller solution offers 'significant' fuel savings
29 Jan 2010 07:44 GMT
Optimized propeller solution is said to increase energy efficiency and reduce fuel costs.

OW Bunker appoints trader in Hong Kong
29 Jan 2010 05:49 GMT
Experienced shipping professional joins OW Bunker's trading team in Hong Kong.

Singapore Market Commentary (with evening update)
29 Jan 2010 05:19 GMT

New offshore barge service in Ceuta
28 Jan 2010 15:32 GMT
Limassol firm launches new barge supply service at key Spanish bunker port.

New supplier at the port of Tuapse
28 Jan 2010 13:37 GMT
Russian firm launches bunker supply activities at Black Sea port, aiming to become Tuapse's leading supplier.

Barge operator posts $4.2 million net loss
28 Jan 2009 13:02 GMT
$7.8m drop in net income is attributed to a reduction in net utilization related to the retirement of its single-hull vessels.

Rotterdam Market Report
28 Jan 2010 11:03 GMT

Market Briefing
28 Jan 2010 09:44 GMT

Supplier expands operations in Malta
28 Jan 2010 06:47 GMT
Marine gasoil specialist adds bunker barge to begin supplying intermediate fuel oil.

Singapore Market Commentary (with evening update)
28 Jan 2010 05:55 GMT

PetroChina eyes UAE oil storage - sources
27 Jan 2010 11:06 GMT
Oil giant plans launch of energy trading desk in Dubai and examines UAE oil storage options.

Market Briefing
27 Jan 2010 10:57 GMT

Rotterdam Market Report
27 Jan 2010 10:51 GMT

Oceanconnect to become ConocoPhillips agent
27 Jan 2010 09:27 GMT
Oceanconnect UK to be named an authorised marine agent of ConocoPhillips from February 1st.

Andatee shares slide 8.4% in NASDAQ debut
27 Jan 2010 07:07 GMT
Supplier's shares slip after IPO prices at low end of expected trading range.

Singapore Market Commentary (with evening update)
27 Jan 2010 05:45 GMT

Rotterdam Market Report
26 Jan 2010 12:32 GMT

Vilma Oil launches barge service in Ceuta
26 Jan 2010 12:27 GMT
Spanish supplier expands its presence in Ceuta with the addition of a new barge delivery service.

Market Briefing
26 Jan 2010 10:42 GMT

Andatee China to ring NASDAQ bell
26 Jan 2010 09:31 GMT
Company Chairman and CEO to ring NASDAQ stock market opening bell later today.

Guam proposes bunker fee increase
26 Jan 2010 07:26 GMT
Port Authority requests increase in bunkering and fuel throughput fees to fund modernization plan.

Aegean announces exercise of option to buy additional shares
26 Jan 2010 06:30 GMT
Underwriters exercise option to purchase additional common shares.

Singapore Market Commentary (with evening update)
26 Jan 2010 05:55 GMT

Praxis Market Update
25 Jan 2010 14:08 GMT

Med average tumbles $11.62
25 Jan 2010 13:23 GMT
Bunker Index Med (BIX MED) down to $532.09 as prices plummet 8.9 percent over the space of two weeks.

Rotterdam Market Report
25 Jan 2010 11:38 GMT

Market Briefing
25 Jan 2010 09:52 GMT

WSC proposes global Vessel Efficiency System
25 Jan 2010 09:02 GMT
New global efficiency system would aim to improve fuel efficiency and reduce GHGs.

Petrobras appoints new Singapore manager
25 Jan 2010 06:45 GMT
New appointment replaces previous bunker manager Marco Antonio Costa Tritto.

Singapore Market Commentary (with evening update)
25 Jan 2010 06:22 GMT

Seasoned professional joins Glander
22 Jan 2010 16:12 GMT
US firm Glander appoints ex-fuel procurement specialist and fleet manager.

Praxis Market Update
22 Jan 2010 14:38 GMT

Market Briefing
22 Jan 2010 11:38 GMT

Rotterdam Market Report
22 Jan 2010 11:01 GMT

Shipowner chooses 'environmentally-responsible' lubricants
22 Jan 2010 10:16 GMT
Eco-conscious ship operator chooses product range designed for vessels where leakage presents a risk.

Castrol Marine to develop lube technology in China
22 Jan 2010 09:03 GMT
Launch of new lubricant technology centre expected in 2010.

Aegean announces pricing of public offering
22 Jan 2010 07:04 GMT
Bunker supplier prices public offering of common shares ahead of sale next week.

Singapore Market Commentary (with evening update)
22 Jan 2010 06:26 GMT

Praxis says Hamburg launch is 'strategic'
21 Jan 2010 19:33 GMT
International trading firm aims to add value to customers with launch of office in maritime hub.

Government support for MOL fuel efficiency initiative
21 Jan 2010 18:37 GMT
Project aimed at lowering fuel consumption and cutting CO2 emissions to be incorporated into government-industry initiative.

KPI Bridge Oil appoints MD in Singapore
21 Jan 2010 17:47 GMT
New MD with 'proven track record' is tasked with building KPI Bridge Oil's business in Asia.

Praxis Market Update
21 Jan 2010 14:51 GMT

Market Briefing
21 Jan 2010 11:37 GMT

Rotterdam Market Report
21 Jan 2010 11:17 GMT

Sohar: 39% surge in cargo throughput
21 Jan 2010 10:22 GMT
Omani port sees cargo throughput skyrocket in 2009. Said to be partly due to bunker-saving benefits.

MISC to pursue $500k legal claim against Equatorial
21 Jan 2010 07:26 GMT
MISC Berhad to seek damages for the arrest of its vessel after US appeal win.

Singapore Market Commentary (with evening update)
21 Jan 2010 06:13 GMT

Praxis Market Update
20 Jan 2010 15:37 GMT

Brightoil plans to expand tanker fleet in 2010
20 Jan 2010 12:21 GMT
Chinese firm plans to purchase six to eight oil transportation vessels in 2010.

Market Briefing
20 Jan 2010 11:11 GMT

Rotterdam Market Report
20 Jan 2010 11:04 GMT

Ghana refinery fire will not affect fuel supplies, says MD
20 Jan 2010 10:43 GMT
Crude processing units said to be unaffected by fire outbreak at Tema Oil Refinery.

Dan-Bunkering appoints new trader
20 Jan 2010 09:10 GMT
Christian Vandvig Finnerup joins Danish firm's sales team in Copenhagen.

Stebbins sells 64,000 WFS shares
20 Jan 2010 06:53 GMT
WFS CEO sells 64,000 shares in five days as part of pre-arranged stock trading plan.

Singapore Market Commentary
20 Jan 2010 06:17 GMT

Aegean announces proposed share offering
20 Jan 2010 00:02 GMT
Supplier intends to offer 3.9 million shares of its common stock to fund acquisitions.

OW Bunker Asia appoints Financial Manager
19 Jan 2010 12:39 GMT
New Financial Manager is given responsibility for strategic financial planning and control in Asia.

Chemoil to supply in New Orleans
19 Jan 2010 12:02 GMT
Leading supplier to re-enter the New Orleans bunker market after an absence of six years.

Rotterdam Market Report
19 Jan 2010 11:18 GMT

Market Briefing
19 Jan 2010 10:48 GMT

Bunker Index (BIX) key data summary
19 Jan 2010 10:21 GMT
Monthly summary data for April to December 2009 period.

Speakers announced for Dubai bunker event
19 Jan 2010 09:48 GMT
Speaker list for next month's 3rd Bunker Fuel Management Conference is revealed.

Shell and Matrix to supply in Sohar
19 Jan 2010 07:27 GMT
International firms to begin supplying a range of fuel grades in Sohar from June 2010.

Singapore Market Commentary (with evening update)
19 Jan 2010 06:14 GMT

Praxis Market Update
18 Jan 2010 15:33 GMT

Fujairah extension project is completed
18 Jan 2010 13:05 GMT
Two new berths are constructed in latest phase of Fujairah marine extension project.

GAC in ship-to-ship transfer tie-up
18 Jan 2010 12:34 GMT
Partnership to include transfers of liquid cargoes such as crude oil and petroleum products.

Rotterdam Market Report
18 Jan 2010 11:14 GMT

Southernpec acquires floating fuel oil storage
18 Jan 2010 10:26 GMT
Guangzhou firm buys VLCC to increase fuel oil storage capacity in South East Asia.

Market Briefing
18 Jan 2010 09:51 GMT

Vessels detained for illegal fuel transfer
18 Jan 2010 07:17 GMT
Enforcement Agency detains four vessels in two separate incidents for illegally transferring marine fuel.

Singapore Market Commentary (with evening update)
18 Jan 2010 06:17 GMT

Praxis Market Update
15 Jan 2010 15:52 GMT

Slow steam ahead for Hanjin Shipping
15 Jan 2010 12:48 GMT
Hanjin Shipping introduces slow steaming on Asia-U.S. East Coast service.

Vitol reveals Petroplus rebranding strategy
15 Jan 2010 12:26 GMT
Petroplus businesses to be jointly known as "The Antwerp Terminal and Processing Company".

Market Briefing
15 Jan 2010 11:32 GMT

Japan to submit bunker levy proposal
15 Jan 2010 11:15 GMT
Japanese government to propose global bunker tax ahead of MEPC meeting in March.

Rotterdam Market Report
15 Jan 2010 10:23 GMT

Singapore Market Commentary
15 Jan 2010 06:37 GMT

Gibraltar: Bunker sales growth in '09
14 Jan 2010 18:01 GMT
Positive bunker sales volumes for the Mediterranean's leading bunker port despite the economic climate.

Praxis Market Update
14 Jan 2010 17:31 GMT

Andatee China IPO scheduled for next week
14 Jan 2010 17:08 GMT
Andatee China Marine Fuel Services is set to make its NASDAQ debut in seven days.

New bunker trader at Dan-Bunkering
14 Jan 2010 12:47 GMT
Louise Hald Bødtker joins Danish firm's sales team in Copenhagen.

Bunker Index launches '3-click' price archive
14 Jan 2010 11:26 GMT
New price archive provides historical daily prices, monthly and 3-monthly averages for individual ports.

Rotterdam Market Report
14 Jan 2010 11:18 GMT

Market Briefing
14 Jan 2010 10:10 GMT

'Favourable results' for Clean Fuels Program
14 Jan 2010 07:18 GMT
US port says fuels initiative has exceeded expectations in reducing sulphur emissions.

Singapore Market Commentary (with evening update)
14 Jan 2010 05:36 GMT

Praxis Market Update
13 Jan 2010 15:59 GMT

Krystallon scrubber on EPA Emerging Technology List
13 Jan 2010 14:18 GMT
Manufacturer expected to pursue full EPA verification whilst scrubber emission performance is verified.

Countdown to London-Antwerp Global Risk seminars
13 Jan 2010 12:04 GMT
Danish firm invites delegates to make their reservations before Friday 15th January.

Rotterdam Market Report
13 Jan 2010 10:53 GMT

Market Briefing
13 Jan 2010 09:58 GMT

Praxis opens office in Hamburg
13 Jan 2010 09:44 GMT
Praxis Energy Agents GmbH launches business operations in Germany.

Equatorial court appeal unsuccessful
13 Jan 2010 08:23 GMT
Singapore-based supplier loses appeal against MISC Berhad relating to bunker stem worth over $22 million.

Singapore Market Commentary (with evening update)
13 Jan 2010 06:08 GMT

New trader for OW Bunker in Piraeus
12 Jan 2010 15:19 GMT
Former Maersk Oil Trading employee joins OW Bunker's trading team in Greece.

Praxis Market Update
12 Jan 2010 15:02 GMT

Rotterdam Market Report
12 Jan 2010 11:20 GMT

PetroChina leases LA fuel oil storage
12 Jan 2010 10:56 GMT
Chinese oil firm is reported to have leased additional fuel oil storage capacity in California.

Market Briefing
12 Jan 2010 10:22 GMT

Global Risk Management appoints new employee
12 Jan 2010 09:14 GMT
Former Danske Bank advisor joins the company's office in Middelfart.

Fuel rebate cut on higher bunker costs
12 Jan 2010 07:42 GMT
Ferry line to reduce fuel rebate by half on all minor routes from end-January.

Singapore Market Commentary (with evening update)
12 Jan 2010 07:22 GMT

Praxis Market Update
11 Jan 2010 15:35 GMT

Ocean shipper raises fuel surcharge
11 Jan 2010 15:19 GMT
US firm to increase bunker fuel surcharge by 3.5 percentage points in February.

New CEPSA barge to serve the Strait of Gibraltar
11 Jan 2010 14:42 GMT
Newly-built barge to supply marine fuel in the ports of Algeciras and Gibraltar.

Middle East firms secure fuel oil cargo deal
11 Jan 2010 12:14 GMT
Nine 65,000-tonne cargoes of high sulphur fuel oil to be delivered during the first quarter of 2010.

Rotterdam Market Report
11 Jan 2010 11:48 GMT

Market Briefing
11 Jan 2010 09:47 GMT

Concern raised over 'rushed and ill-advised' ISO 8217 revision proposals
11 Jan 2010 07:43 GMT
Chemoil warns that proposed changes could lead to operators taking 'unnecessary risks' when buying bunkers.

Singapore Market Commentary (with evening update)
11 Jan 2010 06:22 GMT

IBIA election process gets under way
08 Jan 2010 18:37 GMT
Names of the candidates standing for election to the IBIA Board are released.

Praxis Market Update
08 Jan 2010 14:54 GMT

Foundation to launch low emissions award for ships
08 Jan 2010 13:55 GMT
New low emissions label will be issued to ships that meet exhaust emission requirements.

Rotterdam Market Report
08 Jan 2010 11:37 GMT

Market Briefing
08 Jan 2010 11:32 GMT

Turkish Bunker Association elects new board of directors and president
08 Jan 2010 09:52 GMT
Energy Petrol's Yesim Muhtaroglu is elected TBA president for 2010-2011.

Petrolimex seals 12-month fuel oil deal
08 Jan 2010 07:54 GMT
Vietnamese firm to receive monthly M100 cargoes until December 2010.

Singapore bunker sales up 4.2% in 2009
08 Jan 2010 06:43 GMT
Record year for world's leading bunker port as sales reach 36.4 million tonnes in 2009.

Singapore Market Commentary (with evening update)
08 Jan 2010 06:18 GMT

Brightoil takes delivery of oil tanker in Singapore
07 Jan 2010 17:52 GMT
Oil tanker to be used mainly for transporting fuel oil and crude oil internationally.

Praxis Market Update
07 Jan 2010 16:28 GMT

Register to act as emissions verification body
07 Jan 2010 15:51 GMT
Shipping Register is authorized to act as verification body for pilot GHG trading scheme.

Oil firm offers February 380-cst cargo
07 Jan 2010 15:19 GMT
30,000-tonne parcel is scheduled for loading at the beginning of next month.

Rotterdam Market Report
07 Jan 2010 10:57 GMT

Market Briefing
07 Jan 2010 10:41 GMT

Dan-Bunkering 'steps up' business in China
07 Jan 2010 08:51 GMT
Global bunker firm says it is looking to expand its Shanghai operations further in 2010.

Singapore Market Commentary (with evening update)
07 Jan 2010 06:23 GMT

Supply infrastructure needed for LNG - source
06 Jan 2010 19:31 GMT
Supply chain, price and the availability of LNG in ports are said to be the key issues for non-gas carriers.

New address for Bunkers Manila
06 Jan 2010 16:27 GMT
Philippines-based bunker firm relocates to new office premises.

Vessel delivers 'impressive' fuel efficiency
06 Jan 2010 13:42 GMT
New offshore performance yacht exceeds performance expectations during sea trials.

Praxis Market Update
06 Jan 2010 13:35 GMT

Low sulphur additive offers 'trouble-free performance'
06 Jan 2010 12:47 GMT
Lubricity Improver for low sulphur MGO offers to protect injection pumps in auxiliary engines and boilers.

Rotterdam Market Report
06 Jan 2010 12:04 GMT

Market Briefing
06 Jan 2010 11:42 GMT

Bunker prices up 5% since Christmas Eve
06 Jan 2010 07:31 GMT
Average global bunker price jumps $37.87 during a period of seven successive price increases.

Singapore Market Commentary (with evening update)
06 Jan 2010 06:08 GMT

US firm in service agreement with Addax
05 Jan 2010 18:37 GMT
Long Island company to act as a consultant for Addax in North and South America.

Praxis Market Update
05 Jan 2010 16:23 GMT

Rotterdam Market Report
05 Jan 2010 12:08 GMT

Stena Oil launches bunkering operations in West Africa
05 Jan 2010 11:34 GMT
Swedish firm is due to commence supplying along the West African coast from the end of January.

Market Briefing
05 Jan 2010 10:41 GMT

Colombo expands bunkering capacity
05 Jan 2010 07:38 GMT
New berth for oil tankers is launched and steps taken to build additional storage.

Singapore Market Commentary (with evening update)
05 Jan 2010 05:58 GMT

Aegean in agreement to acquire Verbeke Bunkering
05 Jan 2010 00:03 GMT
Verbeke deal is Aegean's largest acquisition to date as the company more than triples its global coverage since 2006.

MOL: Eco-ships are not 'nebulous' ships of the future
04 Jan 2010 16:08 GMT
MOL President says next-generation vessels are 'eminently feasible' and based on a realistic vision of the future.

Rotterdam Market Report
04 Jan 2010 12:34 GMT

Market Briefing
04 Jan 2010 11:37 GMT

EU Commission: Official document
04 Jan 2010 09:14 GMT
Commission Recommendation on the safe implementation of the use of low sulphur fuel.

Eight-month low sulphur transition period begins
04 Jan 2010 07:51 GMT
Ship owners given eight-month period to retrofit vessels for the consumption of 0.1 % sulphur fuel.

Singapore encourages eco-friendly fuel efficiency
04 Jan 2010 05:37 GMT
MPA encourages ships to remain energy efficient by using eco-friendly anti-fouling systems.

Singapore Market Commentary (with evening update)
04 Jan 2010 05:17 GMT

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