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Home » News » News Archive - August 2014

News Archive - August 2014

Fujairah 380 cSt down $7 in August
29 Aug 2014 12:45 GMT
380 cSt monthly average records most significant decrease in three months at the Middle East's leading bunker port.

Singapore 380 cSt average falls $5 in August
29 Aug 2014 12:23 GMT
The average price of Singapore's best-selling fuel grade falls to its lowest level since April.

OW Risk Management Report
29 Aug 2014 10:48 GMT

Global Vision Market Report
29 Aug 2014 10:38 GMT

Rotterdam Market Report
29 Aug 2014 10:31 GMT

Report predicts LNG shipping recovery in 'latter part of the decade'
29 Aug 2014 09:23 GMT
Weak demand and excess tonnage are expected to depress LNG shipping earnings in the short term but demand is expected to recover strongly, says consultancy.

China fuel oil demand plummeted 28% in July - source
29 Aug 2014 08:55 GMT
Demand for fuel oil in China dropped to its lowest level since August 2013, according to government data analysis.

Market Briefing
29 Aug 2014 08:30 GMT
Oil prices remain sideways amid increased geopolitical tensions (Brent: $102.6).

Singapore Market Commentary (with evening update)
29 Aug 2014 06:57 GMT

Praxis Market Update
28 Aug 2014 12:47 GMT

LNG bunkering: focus on safety 'needs to be maintained'
28 Aug 2014 12:32 GMT
Lloyd's Register's Leonidas Karistios warns that 'serious incidents' involving LNG bunkering could set back the potential for the continued expansion of gas-fuelled shipping.

Shipping firm announces new bunker charges
28 Aug 2014 10:42 GMT
New bunker charges for transpacific trade will be effective from October 1.

Rotterdam Market Report
28 Aug 2014 10:17 GMT

Global Vision Market Report
28 Aug 2014 09:14 GMT

OW Risk Management Report
28 Aug 2014 09:01 GMT

Harvey Gulf aims to optimize fuel economy with new management agreement
28 Aug 2014 08:35 GMT
Technical management agreement covers six LNG-fuelled platform supply vessels and two offshore construction vessels powered by diesel fuel.

Storm surge halts Long Beach vessel operations
28 Aug 2014 07:34 GMT
Ship operations were suspended due to adverse weather conditions powered by Hurricane Marie.

Market Briefing
28 Aug 2014 06:51 GMT
Range-bound oil prices continue (Brent: $102.6).

Singapore Market Commentary
28 Aug 2014 06:35 GMT

Report examines ethane-powered VLEC concept
27 Aug 2014 15:33 GMT
Report looks at the risks and challenges in developing very large ethane carriers (VLECs) - powered also by ethane.

Marine Propulsion Course 'almost sold out'
27 Aug 2014 13:00 GMT
Last call for Netherlands course, which is due to take place between September and December.

Electric boat powered by aluminium-air battery launched
27 Aug 2014 12:01 GMT
Vessel was unveiled at Lake Neuchâtel, Switzerland, on August 26.

Global Vision Market Report
27 Aug 2014 10:44 GMT

Rotterdam Market Report
27 Aug 2014 10:35 GMT

ABS opens office in Beijing
27 Aug 2014 10:11 GMT
Classification society aims to develop business relationships with marine and oil and gas companies based in Beijing.

Market Briefing
27 Aug 2014 07:46 GMT
Oil inventories coming up; continued geopolitical uncertainty (Brent: $102.8).

Singapore Market Commentary (with evening update)
27 Aug 2014 07:14 GMT

Imtech sells ICT division
26 Aug 2014 15:23 GMT
Company says the divesture of its ICT division will not have an impact on Imtech's value proposition for customers.

Naming ceremony for tri-fuel 'Deal of the Year' ship
26 Aug 2014 13:11 GMT
Tri-fuel LNG carrier has been built to transport gas on a year-round basis from practically any existing LNG terminal in the world.

OW Risk Management Report
26 Aug 2014 11:13 GMT

Global Vision Market Report
26 Aug 2014 11:08 GMT

Rotterdam Market Report
26 Aug 2014 11:01 GMT

New fuel gas handling solution launched
26 Aug 2014 09:21 GMT
Upgraded LNGPac system is being officially launched this week at the Offshore Northern Seas 2014 (ONS 2014) conference and exhibition.

Market Briefing
26 Aug 2014 08:43 GMT
Geopolitics remains the dark horse; ample supply and weak data curb prices (Brent: $102.9)

Odfjell: Q2 net bunker cost up on last year, lower than Q1
26 Aug 2014 07:32 GMT
Net bunker cost per tonne was up $17 in the second quarter compared to last year, but down $6 on the first three months of 2014.

Singapore Market Commentary
26 Aug 2014 05:57 GMT

Praxis Market Update
25 Aug 2014 13:48 GMT

Interest 'surprisingly high' for LNG bunker barge design - source
25 Aug 2014 13:34 GMT
Vessel is said to be first of its kind to be designed and built specifically for the German infrastructure. Shipyard says it can be adapted to meet individual requirements.

Study compares natural gas and conventional marine fuel emissions
25 Aug 2014 11:31 GMT
111-page report was prepared by the University of Delaware and The Rochester Institute of Technology.

Rotterdam Market Report
25 Aug 2014 10:20 GMT

New Low Loss Hybrid energy system achieves 15% fuel savings in tests
25 Aug 2014 09:33 GMT
System is said to have produced fuel savings of 15% during a comprehensive measurement programme.

OW Risk Management Report
25 Aug 2014 09:12 GMT

Market Briefing
25 Aug 2014 08:55 GMT
Increased supply from Libya, Jackson Hole processing (Brent: $102.3).

Singapore Market Commentary (with evening update)
25 Aug 2014 07:13 GMT

CEPSA launches new DMB 0.1% marine fuel
22 Aug 2014 15:47 GMT
Spanish supplier says that it aims to have DMB 0.1% sulphur fuel available at its main bunker supply ports by December 2014.

Maersk Line's bunker costs down 2.8% in Q2
22 Aug 2014 12:38 GMT
Shipping line achieved a 6.6% increase in volume growth, but it consumed 1% less fuel and the average bunker price paid was 1.7% lower.

Global Vision Market Report
22 Aug 2014 11:28 GMT

OW Risk Management Report
22 Aug 2014 11:19 GMT

Rotterdam Market Report
22 Aug 2014 10:57 GMT

Statoil in Klaipeda LNG supply deal
22 Aug 2014 08:44 GMT
Statoil to supply 950,000 cubic metres of LNG per year to Klaipeda terminal. Contract provides 'possibilities' for LNG reloading.

Market Briefing
22 Aug 2014 08:04 GMT
Higher oil supply and Jackson Hole thrill (Brent: $102.6).

Cryogenic systems designer selected for North America's first LNG bunker barge
22 Aug 2014 07:34 GMT
Taylor-Wharton is to carry out front-end engineering and design work for the cryogenic topside of North America's first LNG bunker supply vessel.

Singapore Market Commentary
22 Aug 2014 05:55 GMT

Salalah fuel storage project update
21 Aug 2014 15:39 GMT
Update on the progress of the $75 million fuel bunkering project in Oman.

Lukoil Bulgaria Bunker has tanker retrofitted
21 Aug 2014 13:48 GMT
Vessel is currently being used for bunkering operations in Bulgaria, having previously been deployed in Constantza.

Bunker tanker to undergo modernization in Bulgaria
21 Aug 2014 13:16 GMT
Vessel has been sent to the MTG-Dolphin shipyard in Varna.

Bunker firm in Novorossiysk oil spill exercise
21 Aug 2014 11:48 GMT
Oil spill response exercise was held on August 14 in Novorossiysk.

OW Risk Management Report
21 Aug 2014 11:22 GMT

Global Vision Market Report
21 Aug 2014 11:12 GMT

Rotterdam Market Report
21 Aug 2014 11:01 GMT

Market Briefing
21 Aug 2014 08:11 GMT
Sideways trading continues (Brent: $101.9).

Singapore Market Commentary (with evening update)
21 Aug 2014 06:56 GMT

Global Vision Market Report
20 Aug 2014 13:02 GMT

More than 1 million tonnes supplied by ExxonMobil via MPA-approved mass flow metering system
20 Aug 2014 12:35 GMT
Oil major reaches milestone in the delivery of marine fuel using the MPA-approved mass flow metering system.

Vopak net profit down 15% in H1 2014
20 Aug 2014 11:57 GMT
Terminal operator says it expects 2014 EBITDA to exceed EUR 700 million.

MPA urges shipping community to comply with MEPC 66 requirements
20 Aug 2014 10:38 GMT
Shipping community is urged to prepare for the implementation of IMO resolutions and to comply with the requirements on or before their entry into force.

Rotterdam Market Report
20 Aug 2014 10:06 GMT

OW Risk Management Report
20 Aug 2014 09:08 GMT

Market Briefing
20 Aug 2014 08:58 GMT
Oil prices trading sideways.

Emulsified fuel demonstration in September
20 Aug 2014 08:33 GMT
Company says its product is 'the cheapest, safest and highest quality fuel emulsion on the world market today'.

Singapore Market Commentary (with evening update)
20 Aug 2014 06:46 GMT

Hamburg achieves record cargo handling result
19 Aug 2014 14:32 GMT
Cargo handling up 6.6 percent during the first six months of 2014.

Castrol invites users to 'climb aboard the virtual vessel'
19 Aug 2014 12:31 GMT
Users are able to click on different pieces of equipment and view the Castrol products that are available for each application.

Examining what the UN sustainable development goals mean for shipping
19 Aug 2014 11:46 GMT
Sustainability alliance engages ocean industries in sustainable development goals through the Global Business Alliance and International Chamber of Commerce.

Global Vision Market Report
19 Aug 2014 11:25 GMT

Port of Rotterdam implements measures to prevent delays
19 Aug 2014 10:42 GMT
New measures are focused on handling inland shipping traffic and are expected to free up quay and labour capacity in favour of sea-going vessels.

Rotterdam Market Report
19 Aug 2014 10:19 GMT

OW Risk Management Report
19 Aug 2014 09:12 GMT

Market Briefing
19 Aug 2014 09:02 GMT
Oil prices at 14-month low.

Singapore Market Commentary (with evening update)
19 Aug 2014 06:34 GMT

Shipyard awards energy storage contract for hybrid CNG ferry
18 Aug 2014 17:52 GMT
'World's greenest passenger ferry' is due to operate in the Netherlands.

Danish firm closes fuel cell business
18 Aug 2014 12:28 GMT
Company could no longer justify the investments and risk needed to move the company forward, says CEO.

Global Vision Market Report
18 Aug 2014 11:28 GMT

OW Risk Management Report
18 Aug 2014 10:33 GMT

Rotterdam Market Report
18 Aug 2014 10:23 GMT

Aegean president outlines key elements of business model
18 Aug 2014 09:03 GMT
Business model has enabled Aegean Marine Petroleum to record 29 profitable quarters out of 30 since becoming a public company.

Control system contract awarded for Fourchon LNG-fuelling facility
18 Aug 2014 07:27 GMT
New Louisiana facility is to supply fuel to LNG-powered offshore supply vessels and cargo ships operating in the Houston - New Orleans region.

Market Briefing
18 Aug 2014 07:04 GMT
Ample supply keeps a lid on oil prices despite geopolitical tensions (Brent: $102.7).

Singapore Market Commentary (with evening update)
18 Aug 2014 06:52 GMT

Dan-Bunkering promotes Dubai trader
15 Aug 2014 16:06 GMT
Raj Kiran Wuddi is promoted to the role of Manager - Global Sales and Projects.

Andatee: Q2 net income up, H1 net income down
15 Aug 2014 14:05 GMT
Chinese bunker supplier records a loss for the first six months of 2014 and a rise in second quarter net income.

Singapore bunker supplier expands fleet
15 Aug 2014 12:42 GMT
Bunker firm confirms the acquisition of two bunker barges.

Global Vision Market Report
15 Aug 2014 11:08 GMT

Market Briefing
15 Aug 2014 10:52 GMT
Oil prices at one-year low (Brent: $102.5).

Rotterdam Market Report
15 Aug 2014 10:37 GMT

Aegean Fujairah storage facility update
15 Aug 2014 07:39 GMT
President confirms that Aegean is in the process of testing equipment and obtaining safety certificates and that it has arranged for a shipment of oil to arrive at its Fujairah facility.

Singapore Market Commentary (with evening update)
15 Aug 2014 06:03 GMT

US: Ships boarded to ensure ECA compliance
14 Aug 2014 16:17 GMT
United States Environmental Protection Agency (EPA) and United States Coast Guard (USCG) have collected bunker samples from ships to determine whether they meet 1.0% fuel sulphur limit.

Singapore: Month-on-month sales up, year-on-year volumes down
14 Aug 2014 13:31 GMT
Bunker volumes rise to their second highest level of the year in July, but sales figure is 2.1% lower than in 2013.

Global Vision Market Report
14 Aug 2014 11:54 GMT

Project to evaluate dual-fuel marine applications and opportunities in Europe
14 Aug 2014 11:28 GMT
Joint project will seek to determine how American Power Group's Turbocharged Natural Gas Dual-Fuel System can be commercialized in Europe for marine applications.

Aegean posts rise in Q2 net income
14 Aug 2014 08:36 GMT
Net income jumps 69% as revenues and gross profit rise despite 1.2% fall in marine fuel sales volumes.

Singapore Market Commentary (with evening update)
14 Aug 2014 06:35 GMT

Market Briefing
14 Aug 2014 06:29 GMT
Demand concerns overshadow geopolitical concerns (Brent$103.9).

Dan-Bunkering promotes employee to sales manager
13 Aug 2014 13:10 GMT
Mads Holm is named sales manager at Dan-Bunkering (Singapore) Pte. Ltd.

InterOil streamlines businesses following sale of refinery and downstream assets
13 Aug 2014 12:25 GMT
Organization to focus on exploration and production after the recent sale of its refinery, downstream and shipping businesses to Puma Energy.

SMM to showcase 'fuel-saving' technology that converts waste heat into electric power
13 Aug 2014 11:38 GMT
'Revolutionary' new system is said to provide fuel savings of up to 200 tonnes per year.

Global Vision Market Report
13 Aug 2014 11:28 GMT

Rotterdam Market Report
13 Aug 2014 10:28 GMT

Vitol completes acquisition of Shell's Australian downstream business; launches Viva Energy
13 Aug 2014 08:56 GMT
New company Viva Energy Australia comprises Shell's Geelong refinery and retail business along with its bulk fuels, bitumen, chemicals and part of its lubricants businesses in Australia.

Market Briefing
13 Aug 2014 08:43 GMT
Oil prices drop to near one-year low on ample supply and demand worries (Brent: $102.5).

Singapore Market Commentary (with evening update)
13 Aug 2014 06:54 GMT

Praxis Market Update
12 Aug 2014 15:51 GMT

Slow steaming program off California to save whales... and fuel
12 Aug 2014 15:15 GMT
New trial incentive program in the Santa Barbara Channel is designed to reduce air pollution and increase protection of endangered whales.

Bunker blending losses prevail in China
12 Aug 2014 13:13 GMT
Margins slightly improve in the south, but blending losses continue to be recorded in China.

Global Vision Market Report
12 Aug 2014 12:23 GMT

Chevron unveils new line of Clarity Synthetic EA Hydraulic and Gear Oils
12 Aug 2014 12:02 GMT
Product line is designed to give maximum protection and provide good seal compatibility in hydraulic equipment and industrial gear applications on vessels and equipment where performance is critical.

Rotterdam Market Report
12 Aug 2014 10:38 GMT

Market Briefing
12 Aug 2014 07:37 GMT
Oil prices slide as markets await inventory data (Brent: $104.2).

St. Petersburg: Supplier's second terminal berth in operation
12 Aug 2014 07:23 GMT
Fuel terminal is expected to be handling up to 4-5 million tonnes of oil products per annum by 2020.

Singapore Market Commentary (with evening update)
12 Aug 2014 06:41 GMT

Iranian official rejects claims that marine fuel exports have been halted
11 Aug 2014 17:13 GMT
Official says that traders have spoken of a halt in exports in order to increase the price of fuel oil.

Kinder Morgan to consolidate assets
11 Aug 2014 14:35 GMT
Energy business to be restructured as one corporation from a master limited partnership structure.

NAMEPA members rewarded for their commitment to sustainability
11 Aug 2014 12:31 GMT
North American Marine Environment Protection Association (NAMEPA) members have been awarded an automatic positive adjustment towards their vessels' RightShip Environmental Rating.

OW Bunker and Petrocosta enter strategic partnership in Colombia
11 Aug 2014 12:04 GMT
Petrocosta to handle sourcing, blending and storage while OW Bunker will be responsible for sales and marketing.

Global Vision Market Report
11 Aug 2014 11:22 GMT

Rotterdam Market Report
11 Aug 2014 11:06 GMT

Market Briefing
11 Aug 2014 10:53 GMT
Tense situation in Iraq continues (Brent: $104.9).

Singapore Market Commentary (with evening update)
11 Aug 2014 06:55 GMT

Florida bunker storage up for grabs
08 Aug 2014 16:31 GMT
Bunker fuel storage capacity has been available since the start of June.

BOSTCO expansion update
08 Aug 2014 13:31 GMT
Ultra-low sulphur diesel (ULSD) storage tanks are expected to be in commercial operation before the end of the third quarter.

Rolls-Royce engines to power three double-ended ferries
08 Aug 2014 12:14 GMT
MTU diesel engines will be used to propel three double-ended ferries in Turkey.

OW Risk Management Report
08 Aug 2014 10:43 GMT

Rotterdam Market Report
08 Aug 2014 10:38 GMT

Market Briefing
08 Aug 2014 09:01 GMT
Geopolitics and improved economic data (Brent: $106.6).

Deltamarin wins design contract for LNG-fuelled icebreaker
08 Aug 2014 07:06 GMT
Vessel is scheduled to be delivered in 2016.

Singapore Market Commentary (with evening update)
08 Aug 2014 06:19 GMT

Praxis Market Update
07 Aug 2014 14:28 GMT

Oiltanking Q2 net income up 43.3%
07 Aug 2014 14:20 GMT
Terminal operator posts net income of $42.3 million for the second quarter of 2014.

Wärtsilä wins design contract; Reduced fuel consumption cited as key reason
07 Aug 2014 13:43 GMT
Finnish firm says operational efficiency and reduced fuel consumption were among the reasons why its design solution was selected by US firm Tidewater.

VTTI Energy Partners announces closing of IPO
07 Aug 2014 12:35 GMT
Common units were sold by VTTI MLP Partners B.V., a wholly-owned subsidiary of VTTI B.V., and began trading on the New York Stock Exchange on August 1.

Global Vision Market Report
07 Aug 2014 11:30 GMT

Rotterdam Market Report
07 Aug 2014 10:37 GMT

Market Briefing
07 Aug 2014 10:33 GMT
Oil inventories and geopolitical tensions (Brent: $104.6).

Singapore Market Commentary (with evening update)
07 Aug 2014 06:12 GMT

Daily Bunker Index (BIX) falls to lowest level in over 2 years
06 Aug 2014 17:50 GMT
Average global bunker price declines to lowest level since July 7, 2012.

MOL wins eco awards in California
06 Aug 2014 13:36 GMT
Shipping firm receives Green Flag Award and Vessel Speed Reduction Award from the ports of Long Beach and Los Angeles.

LNG and energy efficiency to be discussed at gmec event
06 Aug 2014 12:57 GMT
gmec, the global maritime environmental congress, will be held in Hamburg next month as part of the maritime trade fair SMM.

Global Vision Market Report
06 Aug 2014 12:12 GMT

Rotterdam Market Report
06 Aug 2014 10:42 GMT

OW Risk Management Report
06 Aug 2014 09:11 GMT

Market Briefing
06 Aug 2014 08:57 GMT
Improved U.S. data and awaiting more oil inventory data ($104.8).

Singapore Market Commentary (with evening update)
06 Aug 2014 06:53 GMT

Blue Star Ferries in project to reduce fuel consumption
06 Aug 2014 06:42 GMT
Project aims to make shipping more sustainable through the use of renewable energy and fuel reduction solutions.

KPI Bridge Oil appoints new CEO
05 Aug 2014 14:42 GMT
In an interesting sequence of events, Carsten Ladekjaer's move from Bunker Holding subsidiary, Dan-Bunkering, to KPI Bridge Oil is announced a day after former KPI Bridge Oil CEO, Jan Obel, is named Bunker Holding Chief Sales Officer.

Global Vision Market Report
05 Aug 2014 12:19 GMT

Class approval for exhaust gas cleaning system
05 Aug 2014 11:58 GMT
DeltaLangh has received final class approval from Germanischer Lloyd for its exhaust gas cleaning system.

OW Risk Management Report
05 Aug 2014 10:53 GMT

Market Briefing
05 Aug 2014 10:42 GMT
Chinese data disappoints; oil inventory data ahead (Brent: $105.5).

Rotterdam Market Report
05 Aug 2014 10:28 GMT

Bunker Index (BIX) statistical summary
05 Aug 2014 09:08 GMT
Key monthly Bunker Index (BIX) data provided in price summary.

PDVSA conducts Puerto Cabello barge delivery poll
05 Aug 2014 07:18 GMT
Supplier requests feedback from clients regarding the idea of re-establishing a bunker barge service at Puerto Cabello.

Bunker Holding appoints Chief Sales Officer
05 Aug 2014 06:46 GMT
Former CEO of KPI Bridge Oil Group, Jan Obel, joins Bunker Holding A/S.

Singapore Market Commentary
05 Aug 2014 06:20 GMT

WTI vs BIX price comparison
04 Aug 2014 13:08 GMT
Analysis of WTI crude vs the BIX global bunker price.

Singapore MGO vs ICE Gas Oil
04 Aug 2014 11:45 GMT
Analysis of Singapore marine gas oil (MGO) and ICE Gas Oil prices.

Brent vs BIX price comparison
04 Aug 2014 11:17 GMT
Analysis of Brent crude vs the BIX global bunker price.

Rotterdam 380 cSt average falls to lowest level since January
04 Aug 2014 10:47 GMT
Rotterdam's monthly 380 cSt average declined by $13 in July.

Rotterdam Market Report
04 Aug 2014 08:56 GMT

OW Risk Management Report
04 Aug 2014 08:49 GMT

Market Briefing
04 Aug 2014 07:30 GMT
Focus shifting from geopolitics (Brent: $105.1).

Singapore Market Commentary (with evening update)
04 Aug 2014 06:31 GMT

Bunker price volatility at highest level in 11 months
01 Aug 2014 12:23 GMT
Bunker price volatility analysis - July 2014.

Aegean to hold earnings call in August
01 Aug 2014 11:33 GMT
Aegean Marine Petroleum to hold conference call and webcast following the announcement of its Q2 results later this month.

Global Vision Market Report
01 Aug 2014 11:23 GMT

OW Risk Management Report
01 Aug 2014 09:16 GMT

Rotterdam Market Report
01 Aug 2014 09:06 GMT

Dan-Bunkering announces management restructuring
01 Aug 2014 08:55 GMT
New organizational structure is effective from August 1.

Biggest decline in global bunker average in 15 months
01 Aug 2014 06:50 GMT
BIX monthly global bunker average fell to its lowest level since November during the month of July.

Singapore Market Commentary (with evening update)
01 Aug 2014 06:23 GMT

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