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Home » News » News Archive - July 2018


News Archive - July 2018

Brightoil in talks to sell Zhoushan terminal and 15 vessels
30 Jul 2018 16:06 GMT
Says planned sales would bolster the firm's financial strength and support its long-term development.

EMEA overtakes Asia-Pacific to become World Fuel Services' top bunker sales region
30 Jul 2018 15:00 GMT
Most sizeable growth in EMEA and North America during a period that has seen key changes to regional sales figures compared to Q1 and last year.

Balearia to spend EUR 60m on five ferry conversions to LNG
30 Jul 2018 10:21 GMT
Plans to have nine ships running on LNG by 2021 - and 'studying two other LNG projects'.

Oil and fuel oil hedging market update
30 Jul 2018 9:21 GMT
By the Oil Desk at Freight Investor Services.

Antwerp targets 5% CO2 cut per tug operation by 2020
30 Jul 2018 08:23 GMT
Forms part of port authority's energy strategy for 2018-2020.

Brent closed slightly down on Friday... but up for the week
30 Jul 2018 04:43 GMT
By A/S Global Risk Management.

Marine is 'perfect example' of firm's strategy to sharpen portfolio and slash costs: Kasbar
27 Jul 2018 11:24 GMT
Strategy has been to exit low-value activities, reduce exposure to volatility and drive down costs, CEO explains.

Oil and fuel oil hedging market update
27 Jul 2018 9:20 GMT
By the Oil Desk at Freight Investor Services.

'Significant momentum' in scrubber orders improves economics for MSAR: Quadrise
27 Jul 2018 09:15 GMT
Company suggests there has been a 'substantive change' in regard to the acceptance of scrubbers.

Saudi Arabia to suspend oil shipments
27 Jul 2018 06:23 GMT
By A/S Global Risk Management.

WFS marine profit dips, revenue rises despite lower bunker sales volume
27 Jul 2018 00:07 GMT
Overall company net income falls in Q2 and H1, whilst gross profit and revenue both climb.

BC Ferries opens bidding process for five vessels: four electric hybrid, one LNG-fuelled
27 Jul 2018 00:05 GMT
Ships are slated for delivery between 2020 and 2021.

CMA CGM extends emergency bunker surcharge
27 Jul 2018 00:02 GMT
Bunker-related fees remain in place due to 'high oil prices'.

Upcoming PSC inspections could include fuel sulphur checks: Gard
26 Jul 2018 14:20 GMT
Concentrated inspection campaigns set to take place between September and November.

EGCSA rejects claim that scrubbers move pollution from air to sea
26 Jul 2018 11:21 GMT
'Even if all of the sulphur in all of the world's petroleum reserves were to be scrubbed, the increase in ocean sulphate would be infinitesimally small.'

Oil and fuel oil hedging market update
26 Jul 2018 10:26 GMT
By the Oil Desk at Freight Investor Services.

Warning becomes reality: Frontline to fund scrubber costs with equity offering
26 Jul 2018 08:15 GMT
Follows annual report warning that 2020 sulphur cap 'may cause us to incur additional costs'.

Excess demand or supply?
26 Jul 2018 07:39 GMT
By A/S Global Risk Management.

BLOC announces consortium for blockchain in bunkering
26 Jul 2018 05:39 GMT
Consortium to demonstrate the application of blockchain as a means of increasing transparency and traceability in the marine fuel supply chain.

VPS issues high sodium fuel alert for Haifa
25 Jul 2018 13:40 GMT
Alert is fourth so far this year relating to the supply of residual fuels with high sodium levels.

Baltic bunker buyers hail LNG as a marine fuel
25 Jul 2018 11:29 GMT
Arctia, ESL Shipping and Tallink speak in favour of LNG as a bunker fuel moving forwards.

Fure Vinga bunkers Bio50 LNG in Amsterdam
25 Jul 2018 10:06 GMT
Supplier Titan LNG targets the physical supply of BioLNG on a larger scale in the future.

Oil and fuel oil hedging market update
25 Jul 2018 9:35 GMT
By the Oil Desk at Freight Investor Services.

China to announce fiscal stimulus
25 Jul 2018 06:34 GMT
By A/S Global Risk Management.

ABS updates scrubber advisory ahead of 2020 sulphur cap
24 Jul 2018 15:01 GMT
52-page document covers available scrubber technologies and operational challenges.

China's biggest boxship fitted with fuel-saving ABB turbochargers
24 Jul 2018 13:06 GMT
Move designed to provide the vessel with optimal fuel efficiency and performance.

Ecoslops wins Forbes award for sales growth
24 Jul 2018 11:56 GMT
Slops-to-bunkers specialist is rewarded for turnover growth rate.

Oil and fuel oil hedging market update
24 Jul 2018 8:53 GMT
By the Oil Desk at Freight Investor Services.

Political tension still worsening
24 Jul 2018 06:11 GMT
By A/S Global Risk Management.

VPS flags up high density and sediment fuels in Gibraltar
23 Jul 2018 14:21 GMT
Bunker alert is the first issued by VPS for Gibraltar this year

Princess Cruises signs deal to build first two LNG-fuelled ships
23 Jul 2018 13:25 GMT
Dual-fuel newbuilds slated for delivery in late 2023 and spring 2025.

Crowley takes delivery of first LNG-fuelled ConRo ship
23 Jul 2018 10:16 GMT
El Coqui is due to perform its maiden voyage to San Juan, Puerto Rico, later this month.

Oil and fuel oil hedging market update
23 Jul 2018 9:20 GMT
By the Oil Desk at Freight Investor Services.

Crude oil closed higher on Friday but is lower week-on-week
23 Jul 2018 03:36 GMT
By A/S Global Risk Management.

EGCSA 10th anniversary workshop to be held in London
20 Jul 2018 16:20 GMT
October event is also open to non-members.

EGCSA member survey reveals scrubber system increase
20 Jul 2018 14:21 GMT
Number of scrubber towers installed or on order up to 1,561, end-of-May data shows.

Oil and fuel oil hedging market update
20 Jul 2018 10:39 GMT
By the Oil Desk at Freight Investor Services.

Many unresolved issues left for last PPR meeting before 2020: IBIA
20 Jul 2018 08:53 GMT
Key issues to address at PPR6 include PSC guidance and the non-availability of compliant fuel.

Volatility and supply
20 Jul 2018 06:11 GMT
By A/S Global Risk Management.

IBIA calls for bunker sample verification guidelines before 2020
19 Jul 2018 15:14 GMT
Without guidelines for in-use samples, ships could be penalised for a test result showing 'marginal exceedance of the sulphur limit', IBIA warns.

GP Global inks accord to produce and market Cepsa marine lubes in India
19 Jul 2018 10:11 GMT
GP Global to manufacture, blend, package, import and market Cepsa-branded marine lubricants.

Oil and fuel oil hedging market update
19 Jul 2018 8:55 GMT
By the Oil Desk at Freight Investor Services.

North P&I launches guide on avoiding and defending bunker disputes
19 Jul 2018 08:37 GMT
Offers advice on how to prevent marine fuel disputes and how best to succeed when pursuing or defending a claim.

Build in stockpiles and record high U.S. oil production
19 Jul 2018 06:15 GMT
By A/S Global Risk Management.

IMO working group develops plan to help ships prepare for 2020
18 Jul 2018 13:03 GMT
Covers areas such as bunkering, fuel oil capacity, modifications to fuel oil systems, segregation and tank cleaning.

Oil and fuel oil hedging market update
18 Jul 2018 10:21 GMT
By the Oil Desk at Freight Investor Services.

ISO statement on ISO 8217:2017 and 0.5% sulphur fuels
18 Jul 2018 10:02 GMT
Stresses that 0.50% sulphur fuels are covered in the latest standard.

PMG triples pumping rate to meet US Navy bunker demand in military exercise
18 Jul 2018 08:05 GMT
Bunker firm uses special connectors to supply US Navy vessels berthed in Odessa during annual exercise.

Quadrise signs MoU with Freepoint Commodities
18 Jul 2018 07:24 GMT
Plan to seal commercial deals and projects using Freepoint's trading and financing capabilities.

Uncertainty of supply keeps volatility high
18 Jul 2018 06:28 GMT
By A/S Global Risk Management.

Swedish Club examines lessons to learn from bunker pollution accident
17 Jul 2018 11:12 GMT
Operators advised to communicate when switching tanks; ensure valves are shut; and make sure tank system is working and monitored.

Two inland vessels a month bunkering LNG at Fluxys' Antwerp dock
17 Jul 2018 08:51 GMT
The vessels have been refuelling via truck with LNG since March, Fluxys reports.

Oil and fuel oil hedging market update
17 Jul 2018 8:32 GMT
By the Oil Desk at Freight Investor Services.

Singapore's record H1 was lowest six-month sales period since May-November
17 Jul 2018 07:29 GMT
In terms of rolling six-month volume, January-June was the lowest sales result in seven months.

Sharp drop in oil prices
17 Jul 2018 06:25 GMT
By A/S Global Risk Management.

Sulphur 2020: Papering over the cracks
17 Jul 2018 05:17 GMT
Fourth article in series by FIS's Chris Hudson looks at developments in the paper market with respect to the 2020 sulphur cap.

Nine-month high: Singapore sees rise in bunker calls as percentage of ship arrivals
16 Jul 2018 11:21 GMT
Highest level since September 2017.

Oil and fuel oil hedging market update
16 Jul 2018 10:52 GMT
By the Oil Desk at Freight Investor Services.

Pegasus has bunker craft operator licence revoked in Singapore
16 Jul 2018 09:33 GMT
Supplier is deemed to have allowed an unlicensed firm to use its vessel to perform deliveries.

Singapore Q2 bunker sales lower than in 2016
16 Jul 2018 08:23 GMT
Second-quarter volume was a YoY improvement, but not the best in the port's history.

Oil rises a second consecutive day but ends the week much lower
16 Jul 2018 06:17 GMT
By A/S Global Risk Management.

Singapore H1 bunker sales surpass 25m tonnes for first time
13 Jul 2018 14:20 GMT
Asian port sold 25.35m tonnes - beating last year's result by 1.7 percent.

Brightoil explains how new exchange rules could affect its listing status
13 Jul 2018 12:32 GMT
New Aug 1 rule changes will make it easier for SEHK to expel companies.

Oil and fuel oil hedging market update
13 Jul 2018 9:36 GMT
By the Oil Desk at Freight Investor Services.

Wartsila inks EUR 170m deal to retrofit scrubbers
13 Jul 2018 09:23 GMT
Hybrid scrubber systems ordered by 'major European container shipping company'.

Singapore bunker sales up YoY... but second-lowest in 16 months
13 Jul 2018 08:46 GMT
Sales fall below 4m tonnes for first time in a year; bunker calls drop to their second-lowest level of 2018.

Brent oil price remains below $75 as mixed news hits the market
13 Jul 2018 08:45 GMT
By A/S Global Risk Management.

New Enginei feature helps operators optimize speeds and fuel efficiency
12 Jul 2018 13:03 GMT
Calculates an optimum performance profile based on fuel use, speed, distance, sea state, wind speed and current.

LNG bunker player Enagas signs commitment to slash methane emissions
12 Jul 2018 12:09 GMT
Becomes signatory to 'Guiding Principles on Reducing Methane Emissions across the Natural Gas Value Chain'.

EPA to examine exempting ships with sub-32,000 hp engines from ECA sulphur limit
12 Jul 2018 09:45 GMT
Follows Senate Committee 'concern' that ECA limit could result in shippers shifting to higher-emitting modes of transport.

Oil and fuel oil hedging market update
12 Jul 2018 8:50 GMT
By the Oil Desk at Freight Investor Services.

Oil prices dropped heavily last night as markets ignored bullish stock data
12 Jul 2018 07:25 GMT
By A/S Global Risk Management.

Pasha Hawaii's LNG-fuelled boxships to run on ME-GI engines
11 Jul 2018 15:24 GMT
George III and Janet Marie will be running fully on LNG from the first day of operation.

Chevron gets no objection letters to use cylinder oils with ACOM
11 Jul 2018 12:40 GMT
NOLs cover use of three Taro cylinder lubricants with MAN Energy Solutions' cylinder oil mixing system.

GCC Bunkers withdraws lawsuit against Vitol subsidiary
11 Jul 2018 11:17 GMT
Case voluntarily dismissed a day after filing complaint for failure to pay $27k due on $522k invoice.

UASC files lawsuit against World Fuel Services alleging off-spec bunkers, short delivery
11 Jul 2018 08:51 GMT
Delivery is said to have been performed by local Kavkaz supplier in 2016.

Brent came close to breaking $80 yesterday
11 Jul 2018 07:42 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
10 Jul 2018 12:08 GMT
By the Oil Desk at Freight Investor Services.

Rotterdam launches app to replace VHF bunkering announcements
10 Jul 2018 12:02 GMT
Move is first step towards paperless bunkering as the port aims to improve efficiency.

Oil and fuel oil hedging market update
11 Jul 2018 11:36 GMT
By the Oil Desk at Freight Investor Services.

Researchers claim methanol breakthrough in bid to reach climate 'holy grail'
10 Jul 2018 09:25 GMT
Could be key step towards producing methanol using renewable energy in a process that essentially recycles CO2.

Oil up a notch on news of Norwegian oil workers heading for strike
10 Jul 2018 08:07 GMT
By A/S Global Risk Management.

IMO working group meets to develop guidelines for sulphur cap implementation
10 Jul 2018 06:53 GMT
Intersessional meeting is under the auspices of the Sub-Committee on Pollution Prevention and Response (PPR).

Skaw Provider completes 232 bunker deliveries: Monjasa half-year recap
10 Jul 2018 06:18 GMT
Company sold fuel to 64 ships on its busiest day of the year so far.

Avoid costly cat fine problems with the right fuel handling and purification procedures: Skuld
09 Jul 2018 12:47 GMT
P&I club explains why it is 'essential' to bring cat fine levels down during fuel handling and purification.

Oil and fuel oil hedging market update
09 Jul 2018 9:48 GMT
By the Oil Desk at Freight Investor Services.

Methanol Institute hails move to develop ISO standard for methanol
09 Jul 2018 08:41 GMT
'ISO standard will help shipowners understand the fuel in a marine fuel context,' says COO.

Intraday volatility continues, but trading range remains tight... for now
09 Jul 2018 08:13 GMT
By A/S Global Risk Management.

VPS issues flash point distillate alert for Bergen
09 Jul 2018 06:51 GMT
Alert is 14th so far this year relating to the supply of distillates with a low flash point.

Sulphur 2020: Refining the issue
09 Jul 2018 06:37 GMT
Third article in series by FIS's Chris Hudson looks at the refining industry's response to the 2020 sulphur cap.

Japanese LNG-fuelled bulker design granted AIP
06 Jul 2018 12:19 GMT
Concept designed by Japan Marine United and project partner NYK Line.

Norden 'covered worldwide' following launch of Singapore bunker desk
06 Jul 2018 11:45 GMT
Believes it can operate more effectively across times zones with bunker staff in Asia, Europe and North America.

New Mediterranean ECA study under way
06 Jul 2018 09:41 GMT
Set to be completed by the spring of 2019.

Oil and fuel oil hedging market update
06 Jul 2018 8:50 GMT
By the Oil Desk at Freight Investor Services.

Aegean shares more than triple following Mercuria MoU
06 Jul 2018 08:25 GMT
Market reacts positively to refinancing and strategic partnership agreement.

Mixed news keeps intraday volatility elevated
06 Jul 2018 07:50 GMT
By A/S Global Risk Management.

Mercuria in MoU with Aegean to provide $1bn refinancing and secure 30% stake
05 Jul 2018 12:45 GMT
MoU also covers broader partnership, including operational services, trading, hedging and other support.

Dan-Bunkering adds three employees in Houston
05 Jul 2018 11:51 GMT
Hires two bunker traders and an accountant.

KPI Bridge Oil promotes Isidoros Chandris to senior role
05 Jul 2018 11:11 GMT
Athens-based employee becomes Senior Bunker & Lubricant Consultant.

Stolt Tankers sees profit drop by a third on higher bunker prices
05 Jul 2018 10:05 GMT
Bunker costs rose by 21.4% between December and May.

Oil and fuel oil hedging market update
05 Jul 2018 9:06 GMT
By the Oil Desk at Freight Investor Services.

The trade war noose tightens
05 Jul 2018 07:22 GMT
By A/S Global Risk Management.

Oil and fuel oil hedging market update
04 Jul 2018 9:21 GMT
By the Oil Desk at Freight Investor Services.

US inventories, supply outages and Saudi Arabia oil production
04 Jul 2018 09:10 GMT
By A/S Global Risk Management.

Continuing investment in LNG critical to meeting climate goals: SEA\LNG
04 Jul 2018 00:15 GMT
LNG described as 'the only creditable alternative' to meet regulatory targets.

Monjasa adds bunker supply vessel in Denmark
04 Jul 2018 00:13 GMT
Vinga Safir completed its first deliveries for Monjasa in Skaw on July 2.

Monjasa expands Channel coverage to northern France
04 Jul 2018 00:11 GMT
Offering deliveries in Calais, Dieppe, Dunkerque, Le Havre - and all the way to Brest.

DHT in agreement to fit Alfa Laval scrubbers on 12 VLCCs
03 Jul 2018 12:41 GMT
Systems to be installed on ships built between 2004 and 2012.

BMS United launches Turkish Straits bunker supply service
03 Jul 2018 11:21 GMT
Offering fuel oil and 0.1% MGO, with deliveries by barge or truck.

BMS United discusses recent two-day event in Greece
03 Jul 2018 10:51 GMT
Future challenges for shipping examined at Athens conference hosted by bunker firm.

Oil and fuel oil hedging market update
03 Jul 2018 10:13 GMT
By the Oil Desk at Freight Investor Services.

IMO urged to curb influence of private sector to reach climate goals
03 Jul 2018 08:13 GMT
Governance structure flaws could hinder IMO's ability to deliver on its GHG reduction objectives, warns report.

Increased OPEC production, force majeure in Libya keep prices in a tight range
03 Jul 2018 07:58 GMT
By A/S Global Risk Management.

ICS backs IMO's zero-emission strategy in new publication
02 Jul 2018 15:51 GMT
Examines possibilities for the development of zero CO2 fuels; opposes mandatory operational efficiency indexing.

Sulphur 2020: Is this the regulation that launched a thousand ships?
02 Jul 2018 15:19 GMT
Second article in series by FIS's Chris Hudson looks at the 2020 sulphur cap from the perspective of owners and operators.

Oil and fuel oil hedging market update
02 Jul 2018 9:26 GMT
By the Oil Desk at Freight Investor Services.

Oil prices continue the volatile path
02 Jul 2018 08:35 GMT
By A/S Global Risk Management.



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