News Archive Apr 2005

29 Apr KIC expected to takeover Westport lease for 10 years
KIC Oil & Gas (KIC) is expected to lease Westport's bunker terminal at Port Klang for a period of at least 10 years, industry sources have said.
In Full
29 Apr ExxonMobil: First quarter profits jump 44% on year
High crude oil prices have helped ExxonMobil increase profits by 44% from a year ago.
In Full
29 Apr Rotterdam market firm, prompt avails tight
29 Apr SK Energy: New terminal will boost sales
New terminal will give supplier the opportunity to boost sales and avoid berthing congestion.
In Full
29 Apr Japan: March bunker sales down 7% on year
Both bunker sales and bunker production down both month-on-month and year-on-year in March.
In Full
29 Apr Singapore: March bunker sales up 11% year-on-year
Latest statistics released by the Maritime and Port Authority of Singapore (MPA) show bunker sales up both month on month and on year.
In Full
29 Apr Freeport: PDVSA Deltaven barge to resume service
29 Apr China: Fuel oil traders comply with single-hull ban
Most China fuel oil suppliers have taken steps to comply with the Marpol regulation on the ban of single-hulled tankers.
In Full
29 Apr Singapore: Tight May avails predicted on cargo shortfall
Low arbitrage forecasts prompt concern over bunker availability in May.
In Full
28 Apr Royal Vopak: First quarter profits up 22%
Royal Vopak announced its first quarter results today. Dutch terminals saw turnover rise due to increased demand for fuel oil storage.
In Full
28 Apr Confusion still rife on the eve of MARPOL Annex VI
With the coming into force of MARPOL Annex VI just three weeks away on May 19, there still appears to be a widespread lack of understanding among bunker buyers and sellers around the world as to exactly how the regulation will affect them.
In Full
28 Apr IBC: "Business as usual is not an option"
IBC Keynote speaker focuses on industry's environmental challenges.
In Full
28 Apr PRAXIS: Daily bunker market report (Thursday)
28 Apr Wallenius Wilhelmsen questions Petrobras reports
Wallenius Wilhelmsen (WW) says reports of a new contract between the Norwegian operator and Brazilian oil giant Petrobras have been distorted.
In Full
28 Apr Rotterdam market plunges with crude
28 Apr DOE & API at a glance: This week's key US inventory figures
28 Apr Singapore: Fuel oil stocks and light distillates rise
28 Apr Prestigious award goes to Singapore port again
The ''Best Seaport in Asia'' award was conferred on the port of Singapore, signifying the Republic's outstanding position in the international maritime community.
In Full
28 Apr Reports: Petrobras seals new bunkering deal in Singapore
Petrobras has secured the contract to supply low sulphur bunker fuel to Wallenius Wilhelmsen in Singapore.
In Full
28 Apr New Malaysia coastguard to ward off piracy
A new Malaysia maritime agency seeks to provide higher levels of maritime safety in the Malacca Straits amid increasingly daring pirate attacks.
In Full
27 Apr New record highs on USEC, resupply dates uncertain
Tight avails force prices up to record levels.
In Full
27 Apr Russia: Shipyard bid could mean new terminal
The auction of a stake in Russian shipyard Baltiyskiy Shipbuilding Plant could mean the construction of a new bunker terminal on the site.
In Full
27 Apr Rotterdam market soft late morning
27 Apr Hong Kong: Barge capacity insufficient for demand
Good avails and strong demand reported in Hong Kong, but barge availability insufficient.
In Full
27 Apr Reports: IBIA says too little research into low-sulphur fuels
While most would agree that more research is needed on the economic and technical impacts of the use of low-sulphur fuels, experience will be the best test, reports said today.
In Full
27 Apr BP net profit surges
Net profit at BP surged 29% for the first quarter of this year, riding on soaring crude oil prices.
In Full
27 Apr Hefty penalties on late delivery of tankers
Failure to deliver five tankers on time costs an Indian shipping company $6.8 million in cash compensation.
In Full
27 Apr Bunkerworld Americas team welcomes new member
Bunkerworld has further strengthened its dedicated global news and price coverage with the addition of Guy Wilson-Roberts to its editorial team in Vancouver, Canada.

In Full
27 Apr Vancouver: Two suppliers with barges in drydock
Tight barge scheduling, with two barges out of action until at least the end of the week.
In Full
26 Apr PRAXIS: Daily bunker market report (Tuesday)
26 Apr 16 more accreditations in Singapore, total reaches 59
More than two thirds of Singapore's bunker suppliers have achieved accreditation status with just over one month until the deadline to meet the criteria as set out by the MPA.
In Full
26 Apr SPC records 73% profit increase for Q1, 2005
Singapore Petroleum Company (SPC) reports solid growth in first quarter results.
In Full
26 Apr Rotterdam stable ahead of Midday
26 Apr Royal Caribbean chief stretches earnings
Royal Caribbean chairman bags hefty bonus despite claims about the negative impact of high bunker prices.
In Full
26 Apr ARA: Source of new styrene incidents still unknown
A vessel debunkered a huge parcel of fuel oil, and an oil major is still investigating source of contaminated fuels supplied to two vessels in Antwerp at the end of March.
In Full
26 Apr Valero Energy acquires Premcor in $8 billion deal
Valero Energy has sealed an $8 billion deal to take over rival Premcor, boosting its total throughput capacity to more than three million barrels per day.
In Full
26 Apr Single-hulled tanker causes spill off Colombia
A single-hulled tanker hit an underwater object that resulted in a spill near Cartagena, Colombia.
In Full
26 Apr Port of LA expands electric program with 'new generation' AMP
New wharf electric plug-in, at berths 212-216, will not use a barge conduit to connect ships to shore-side electrical power.
In Full
25 Apr Full house for IBC, Rotterdam bunker volumes grow
This years International Bunker Conference is held in Rotterdam, where bunker volumes continued to rise in the first quarter of 2005.
In Full
25 Apr US-funded study to quantify marine vessel pollutants
A US university professor has received funding to develop tools to accurately calculate pollutants from marine vessels in a bid to understand their contribution to greenhouse gas emissions.
In Full
25 Apr World's largest containership boasts low-emission engines
The world's largest containership, which was named at a ceremony in Singapore on April 11, will have lower emissions than traditional containerships thanks to the deployment of state-of-the-art, environment-friendly technology, according to its owners.
In Full
25 Apr Shipping emissions to increase despite new legislation
Increased tonnage and global economic growth are likely to see increased ship emissions despite increasingly stringent legislation from the International Maritime Organisation (IMO) and European Union (EU).
In Full
25 Apr Westport confident of continued growth after solid Q1
Malaysia's Westport (Port Klang) is confident of handling three million TEUs this year following an impressive first quarter performance, its executive chairman said.
In Full
25 Apr Selendang Ayu clean-up operations resumed
Clean-up operations for the Selendang Ayu spill at Unalaska Island have resumed after being suspended in January due to bad weather conditions.
In Full
25 Apr Saudi Arabia to boost crude export
Saudi Arabia seeks to cool the high oil prices through boosting its crude exports to meet demand from both Western and Asian market.
In Full
25 Apr Kuwait announces refinery capacity boost
Kuwait, the oil-rich gulf state, has plans to build a 600,000 barrels per day (bpd) refinery which will raise the country's fuel oil output significantly in the near-term.
In Full
22 Apr Greece: Broker leaves Praxis Energy Agents
22 Apr Dardanelles closed after products tanker runs aground
Barge schedules affected after grounded tanker in the Dardanelles Strait causes a backlog of ships awaiting passage through the key waterway.
In Full
22 Apr ISO standard not in tune with Marpol VI
Delayed release of the revised ISO 8217:1996 marine fuels standard means that the standard will be out of touch with the global sulphur cap required under Annex VI of Marpol 73/78.
In Full
22 Apr New record export duties enforced in Russia
22 Apr Improved availability could bring Korean market down
South Korean prices could ease next week with improved availability, but Singapore values remain a factor.
In Full
22 Apr Argentina: Fuel oil auction attracts four bids
Four companies have submitted bids to supply Argentina with fuel oil as the country takes steps to avert a repeat of last year's energy crisis, which also crippled the bunker market.
In Full
22 Apr New venture seeks share of Middle East bunker market
A private venture backed by Russian interests tells Bunkerworld that they are setting up a bunkering and shipping services company in Iran's Qeshm Free Area, and aims to offer bunkers directly to vessels plying the Strait of Hormuz soon.
In Full
22 Apr More oil into Europe from Kashagan
An extensive transportation system will be needed to handle the massive oil output at Kashagan oilfield off Kazakhstan, with delivery into Europe via the Baku-Tbilisi-Ceyhan (BTC) pipeline.
In Full
22 Apr Upward trend to remain for China's crude imports
China's crude oil imports continue to rise, fuel oil imports down on decreased shipments from Singapore.
In Full
21 Apr Royal Caribbean: Bunker costs make forecasting difficult
While announcing first quarter profits, Royal Caribbean has said that bunkers are the most important factor affecting net cruise costs and make forecasting very difficult.
In Full
21 Apr West-East fuel oil arbitrage shows signs of opening
VLCC booking reported from northwest Europe to Asia as fuel oil arbitrage shows the first signs of opening for weeks.
In Full
21 Apr Switzerland: Former bunker purchaser joins Addax
21 Apr ARA market quiet but firm at midday
21 Apr US Coastguard reiterates stance on single-hull phase-out
The US Coastguard Marine Safety Office has reiterated that the Oil Pollution Act of 1990 (OPA 90) remains the enforceable US governing standard for phase-out requirements applicable to single-hull tank vessels operating in US waters.
In Full
21 Apr Halifax barge rates to rise, refinery down
21 Apr Singapore: Fuel oil stocks fall, middle distillates rise
21 Apr More bidders for South Korea's Inchon refinery
A South Korean court has called for more bidders for Inchon Oil Refinery in addition to Citigroup's sole bid for the company.
In Full
21 Apr Titan in agreement to buy VLCC
Titan has signed a memorandum of agreement to purchase an addition VLCC, boosting its fleet capacity to more than three million deadweight tonnes.
In Full
21 Apr Singapore market not threatened by Dubai's move
Dubai's move to set up an exchange that will offer futures trading in marine oil at the port of Fujairah is not seen as a threat to Singapore's number one position in the bunker market.
In Full
21 Apr Cargo demand prompts price spike in Houston
Demand from fuel oil traders for HSFO product for VLCC exportation redirecting supplies typically earmarked for the bunker arena.
In Full
20 Apr FAL supports Dubai exchange, confirms fleet renewal
UAE company FAL Oil Company Limited has offered a glimpse of its take on recent developments for the Fujairah bunker market and for the company.
In Full
20 Apr Guangdong: First quarter fuel oil imports surge
Dollar value of Guangdong fuel oil imports surges in Q1 amid higher imports and surging crude prices.
In Full
20 Apr PRAXIS: Daily bunker market report (Wednesday)
20 Apr Vopak takes next step towards Algeciras bunkering terminal
The decision to move forward with the project follows positive market response from potential users of the terminal, Vopak spokesman told Bunkerworld.
In Full
20 Apr DOE & API at a glance: This week's US inventory figure
20 Apr Fujairah: Familiar face returns to Bominflot
20 Apr Lubricants industry facing record costs for raw materials
ENOC official eyes quality, best practice and marketing as key to overcoming consumer resistance to increased lubricants prices.
In Full
20 Apr SEAaT positive about new EU sulphur directive
The latest EU Directive means that the shipping industry has options to reduce shipping emissions in a variety of ways, and ship owners can choose the most cost effective method for their fleet and trading patterns, SEAaT said.
In Full
20 Apr Saudi posted prices fall at all ports
20 Apr US refinery problems drive up crude prices
After a seven-week low, crude oil gained in prices after the market was hit with rumours that US refineries were facing technical and production problems.
In Full
20 Apr Hong Kong: Repeated delays in cargo arrivals
Hong Kong bunker traders have expressed their dissatisfaction with the perpetual delays in the dates of cargo arrivals, causing several enquiries to be held back.
In Full
20 Apr PSA builds extra berths to meet high growth
Singapore Terminal operator PSA installed extra berths and invested in new equipments to meet the continued strong growth at the port.
In Full
20 Apr BP to invest $130m in clean fuels production
BP to address impending regulations affecting off and onshore diesel emissions in United States with investment in new Distillate Hydrotreater unit.
In Full
19 Apr PRAXIS: Daily bunker market report (Tuesday)
19 Apr Rotterdam throughput shows continued growth
Rotterdam shows solid performance although oil products trade growth less than expected due to "missing" some fuel oil trade to Asia.
In Full
19 Apr RINA moving toward zero emission engine
Genoa-based classification society RINA certifies device for "almost zero emission engine" for passenger and cruise ships, seeking to approve other systems in the two-stroke sector.
In Full
19 Apr Dubai exchange to launch bunker futures trading
Dubai Metals & Commodities Centre plans to set up an exchange that will offer futures trading in marine oil at the port of Fujairah, possibly challenging Singapore's dominant status in the bunker market.
In Full
19 Apr Chemoil takes global stance on Marpol Annex VI
Chemoil Corporation takes global stance on Marpol Annex VI despite the fact that it is yet to be ratified in the United States.
In Full
19 Apr Rotterdam market increasing late morning
19 Apr Lanka Marine buys bunker fuel from Fal Oil
Sri Lanka's Lanka Marine buys 17,000 metric tonnes of high sulphur fuel oil from Middle Eastern fuel oil supplier Fal Oil for delivery on early May.
In Full
19 Apr Japan: Market bearish amid tight avails
Japan's bunker market is becoming bearish, but tight marine fuel availability shows no signs of easing.
In Full
19 Apr Stricter pollution limits proposed on Hong Kong ports
An independent think-tank group seeks the establishment a ulphur Emissions Control Area (SECA) for Hong Kong and the Pearl River Delta region, on top of the impending Marpol pollution reduction regulations.
In Full
19 Apr Analyst predicts oil tanker rates to fall
Oil tanker rates are expected to fall up to 43% over the next two years as the world's fleet of oil tankers continue to grow.
In Full
18 Apr New player steps onto Polish bunker stage
A new player has entered the Polish bunker market to offer supply of marine gas oil (MGO) to oceangoing vessels, with ambitions to expand its service to include fuel oil at a later stage.
In Full
18 Apr Turkish players declare readiness for Marpol VI
Bunker suppliers operating in the Turkish market today announced that they are ready for full compliance with Marpol Annex VI regulations when they into force next month.
In Full
18 Apr Government seeks to revive Fujairah Refinery
Officials at FUJCON 2005 revealed ambitions to resume refinery operations at the old Fujairah Refinery Company, which is currently in use as a storage facility for local bunker suppliers.
In Full
18 Apr Rotterdam midday market snapshot
18 Apr Singapore: MPA issues Marpol Annex VI warning
The Maritime and Port Authority of Singapore has issued a reminder regarding the implementation of Marpol Annex VI and the consequences of non-compliance.
In Full
18 Apr India: New Offshore facility could offer competitive bunkers
Plans to establish an offshore bunkering facility will provide ships with a cost-effective bunkering alternative, able to compete with Colombo and Singapore, port officials hope.
In Full
15 Apr Malacca Straits: Bunker supplier turns to armed escorts
Bunker supplier operating in the Malacca Straits happy to pay a hefty sum for armed escorts through the pirate infested waters.
In Full
15 Apr Crude retreating again after short-lived rally
Yesterday's rally in crude prices appears to have been short-lived, with prices retreating again on both sides of the Atlantic.
In Full
15 Apr IBIA chairman aims to lift bunker industry image
IBIA chaiman seeks transparent, paperless delivery and invoicing system for the bunker industry as he seeks to clean up its image.
In Full
15 Apr PRAXIS: Daily bunker market report (Thursday)
15 Apr Key USGC supplier acquired in takeover deal
Acquisition of key Gulf Coast supplier for undisclosed fee will company to take advantage of 'advanced technologies and business procedures'.
In Full
14 Apr SMP launches new double-hulled barge in UK
New 2,100 mt barge, dedicated to meeting latest health and safety specifications, launched in Merseyside.
In Full
14 Apr Singapore: Fuel oil stocks fall, avails unaffected
Avails in the bunker market not greatly affected by falling inventories of residual fuels.
In Full
14 Apr PSA throughput volumes surge in first quarter
The first quarter of this year saw PSA move significantly higher cargo volumes in both the Singapore and overseas terminals.
In Full
14 Apr Crude prices traded at seven-week low
Crude oil prices plunged again yesterday after US inventory data showed a build for crude and most key products.
In Full
14 Apr PRAXIS: Daily bunker market report (Wednesday)
14 Apr Singapore: Senior MPA bunkering figure resigns
Senior bunkering figure in the Maritime and Port Authority of Singapore (MPA) has tendered his resignation.
In Full
14 Apr Intertanko slams criminalisation for accidental pollution
While Intertanko supports the investigation and prosecution of illegal oil discharges from ships the association strongly objects to criminalising accidental oil pollution and to treating seafarers as criminals.
In Full
14 Apr DOE & API at a glance: This week's US inventory figures
14 Apr FAL Oil secures $40m loan to finance expansion
Loan deal will secure Fujairah bunker supplier's barge fleet and land-based storage expansion as port expands.
In Full
13 Apr Europe signals new dawn for marine fueling
Stricter 0.5% limits to be discussed in 2008 as European Parliament ends two years of political wrangling over emissions legislation with confirmation of 1.5% sulphur cap.
In Full
13 Apr No clear cut-off for single-hulls in Fujairah
Fujairah aims for a gradual phase-out of single hull tankers as the UAE moves towards entry to the Marpol convention, but officials will not be drawn on an exact date for banning fuel oil transport on single-hull bunkering vessels.
In Full
13 Apr Martek Marine announces successful emissions monitoring trials
Martek Marine has said that its MariNOx Engine Emissions Monitoring System has been successfully trialed by oil major BP.
In Full
13 Apr Vopak plans to expand Middle East storage capacity
Vopak has plans to expand its storage capacity in the Middle East through securing larger stakes in regional joint-venture projects. New projects mentioned in three countries.
In Full
13 Apr Iraq: Tender issued for bunker tanker purchase
Iraqi Oil Tanker Company (IOTC) has issued a tender to buy its first oil product tanker in nearly two decades. The vessel will be used for bunkering purposes.
In Full
13 Apr US: Foss Maritime fined for bunker spill
Foss Maritime Company is fined $577,000 for bunker spill that occurred in December 2003 in Washington state.
In Full
13 Apr PRAXIS: Daily bunker market report (Tuesday)
13 Apr Aframax rates affected by single-hull ban
Far East routes hit hardest by freight rises in the wake of ban on single-hulled tankers.
In Full
13 Apr Transneft calls for end to Bosphorus 'chaos'
Russian pipeline company calls for inter-governmental system to regulate tanker traffic from the Black Sea.
In Full
13 Apr Fujairah to increase tank storage by 400,000 mt
Reporters told negotiations underway with several regional suppliers looking to enter into the Fujairah bunker market.
In Full
12 Apr FUJCON: Europe will 'lead the world into new era'
James Hill of Avin tells FUJCON delegates about the significance of the European bunker market and how impending sulphur legislation may affect Europe and subesquently other markets.
In Full
12 Apr 'Jewel of Arabia' sees more room for growth
During his opening address at the fourth International Fujairah Bunkering and Fuel Oil Conference (FUJCON) today, Dr. Mohammed Saeed Al-Kindi, Ruler's Office, Fujairah, painted a bright picture of the port's future.
In Full
12 Apr Global tanker fleet grew at fastest rate since 1970s
The world's fleet of oil tankers grew at its fastest rate since the 1970s due to owners taking advantage of rising freight rates.
In Full
12 Apr ADNOC makes spot exports, continues to sideline in bunker market
ADNOC sells spot fuel oil cargo for export, remaining temporarily on the sidelines in Fujairah's bunker market.
In Full
12 Apr Former Shell VP to join Vopak board
12 Apr Firm performance at the Port of Tanjung Pelepas
Container volumes up at Port of Tanjung Pelepas, more capacity to come online soon.
In Full
12 Apr Onboard blending...A low-sulphur alternative?
Onboard blending put forward as a viable alternative to burning 1.5% sulphur fuel oil in Sulphur Oxide Emissions Control Areas (SECAs).
In Full
12 Apr Single-hull involved in oil spill at Mombasa harbour
150 tonne oil spill reported in Mombasa after single-hulled tanker crashed into dock.
In Full
12 Apr Singapore: MPA warns against corruption
Tough action will be taken by the Singapore authorities against bribery and corrupt bunkering practices.
In Full
11 Apr Crude prices cooling off for the sixth day
Crude oil prices are declining for the sixth consecutive day following OPEC comments and easing concerns over US gasoline demand.
In Full
11 Apr Lungshan manager charged with corruption, released on bail
Former general manager of Lungshan Petroleum has been released on bail after being charged with corruption charges last Friday.
In Full
11 Apr Qatar: Ras Laffan port expecting new bunkering unit
Construction of new bunkering unit to commence soon, aimed at the thriving bunkering market in the middle east.
In Full
11 Apr Pirates attack Singapore-flagged bunker tanker
Singapore bunker tanker the latest target of pirates in the Malacca Strait.
In Full
11 Apr PRAXIS: Daily bunker market report (Friday)
08 Apr Lukoil President unveils new bunker terminal
Yesterday's opening completes another stage in enlarging Rotterdam's fuel oil storage capacity - eventually doubling the port's fuel oil storage to over 2 million m³.
In Full
08 Apr Fujairah joins world's top-three bunkering centres
With annual sales in 2004 approaching 12 million mt, Fujairah ranks alongside Rotterdam in terms of turnover.
In Full
08 Apr SAMSA confirms Marpol single hull regulations
The South African Maritime Safety Authority (SAMSA) has confirmed that it is enforcing Marpol Annex 1 regulations 13G and 13H at the country's ports.
In Full
08 Apr Chemoil announces exit from Philadelphia
Chemoil Corporation has announced that it will withdraw from the Philadelphia bunker market as of April 15, 2005.
In Full
08 Apr Moller-Maersk shields bunker costs with 'in-house' merger
Shipping giant takes the unprecedented step of merging its bunker purchasing department with its oil trading operations to minimise the impact of surging oil and bunker fuel prices.
In Full
08 Apr Matson up fuel surcharge in view of rising bunker prices
Matson Navigation decided to increase fuel surcharge by a maximum of 10.5% after a sustained rise in bunker fuel prices.
In Full
08 Apr Bunkering spills small compared to other oil spills causes
Oil spills from tankers have declined from last year, and spills from bunkering were meagre compared with other causes of spills.
In Full
07 Apr PRAXIS: Daily bunker market report (Thursday)
07 Apr Fuel Cell power for ships one step closer
Leading ship machinery and propulsion provider Wärtsilä Corp. has unveiled a fuel cell power unit prototype, bringing commercial use of low emission fuel cell technology for auxiliary engines on ships one step closer.
In Full
07 Apr Former Lungshan manager due in court Friday
Former general manager of bunker supplier Lungshan Petroleum faces corruption charges in a Singapore court Friday.
In Full
07 Apr Singapore fuel oil prices rally as supply tightens
Singapore fuel oil cargo values hit new record and traders see no immediate sign of prices easing, despite ample arbitrage arrivals expected by mid-April.
In Full
07 Apr ARA market holds firm amid tight avails
07 Apr Hong Kong: Disruptions in fuel oil supply after single-hull ban
The Hong Kong bunker market has experienced some supply disruptions after authorities imposed a ban on all single-hulled tankers, and increased freight cost raise April bunker premiums.
In Full
07 Apr Chinese oil shipments unaffected by single-hulled ban
The operations of Chinese shipments of fuel oil and crude oil are unlikely to be affected by the recent ban on single-hulled tankers.
In Full
07 Apr Yuzhnyi oil terminal operations unaffected by spill
Oil terminal operations were unaffected yesterday despite a small spill of fuel oil at Ukraine's Yuzhnyi oil terminal.
In Full
07 Apr VLCC escapes pirate attack in Singapore Strait
The crew onboard a very large crude carrier (VLCC) managed to drive back pirates in seven fishing boats using powerful firehoses in the crucial sealane.
In Full
07 Apr PRAXIS: Daily bunker market report (Wednesday)
06 Apr Malaysia: New terminal to include bunkering hub
Three-year development of Sandakan-based location aims to meet demand for modern regional barter transhipment hub.
In Full
06 Apr US crude oil stocks grow even as refiners turn up production
Weekly US oil inventory statistics showed that stocks of crude rose again for the eight consecutive week, despite a sharp fall in imports and increased refinery processing rates.
In Full
06 Apr ARA market little change Tuesday p.m.
06 Apr Bunkerworld Asia team welcomes new member
Bunkerworld has welcomed a new member of staff to its ranks at its offices in Singapore.
In Full
06 Apr Saudi posted prices catch up with global gains
06 Apr Singapore: Traders snub rumours as paranoid
Traders in the Singapore bunker market snubbed “hoarding” rumours today when surveyed.
In Full
06 Apr Petroval reveals Q1 bunker sales
Petroval sold nearly half a million metric tonnes of bunkers in the ARA region during Q1, either directly to shipowners or through other suppliers.
In Full
06 Apr Baltic HSFO cargoes set to ease ARA supplies
Around 300,000 metric tonnes of high sulphur fuel oil (HSFO) slated to arrive into ARA from the Baltic.
In Full
06 Apr PRAXIS: Daily bunker market report (Tuesday)
06 Apr Malaysia: Shipping lines up bunker fuel surcharge 15%
Shipowners add a 15% bunker fuel surcharge but Malaysian exporters are confident that competitiveness against other exporters in the region will remain.
In Full
06 Apr Saudi Aramco 'frightened' by demand growth
Saudi Aramco chief expresses fear at continuing demand growth, especially from China and India.
In Full
06 Apr Depleted availability returns to Panama
Sources suggest suppliers may have been guilty of bad planning with USGC, Venezuela and Ecuador boasting residual product as avails dry up.
In Full
05 Apr Marpol enforcement could cause tanker shortages
The global phase-out of single-hulled tankers "may leave the industry short of tankers", according to a leading shipbroker, and analysts warn that freight rates may be affected.
In Full
05 Apr Rotterdam: New-build bunker barge ready for service
A new fully state-of-the art double-hull bunker barge with 4,500 cubic metres of heavy fuel oil capacity, has undergone trials and will be inaugurated in Rotterdam on Saturday April 9.
In Full
05 Apr Russian oil output stagnation still evident
Latest monthly crude oil output data from the world's second biggest oil exporter show continued stagnation, ending five years of solid growth, with analysts blaming investment uncertainty in the wake of Yukos affair.
In Full
05 Apr Shipping boss sentenced to 33 months imprisonment for pollution
The chairman of Sabine Transportation was found guilty of illegally causing pollution in the South China Sea and received the harshest penalty ever meted out by the US courts.
In Full
05 Apr Crude prices retreat after touching $58 yesterday
Crude oil trading down as European Commission reduces growth forecast and OPEC discusses a further production increase.
In Full
05 Apr China confirms ban on single-hulled tankers
Beijing's Ministry of Communications has announced that the government sees eye-to-eye with the Marpol regulation to ban single-hulled tankers.
In Full
05 Apr Single-hulled tanker phase-out regulations in force from today
New Marpol Annex I regulations come into force today, Singapore implements single-hull monitoring system.
In Full
05 Apr US: Evergreen pollution fine set at $25 million
After pleading guilty to several counts of concealing deliberate pollution from its vessels, container giant Evergreen has agreed to pay a fine of $25 million.
In Full
05 Apr Houston supplier expands pipeline services
Expansion of bunker pipeline delivery system effective April 1.
In Full
04 Apr Triton Marine Fuels expands team
04 Apr Russian player plans European expansion
St. Petersburg bunkering company Kontur SBP plans to invest $10 million in order to open offices in European ports.
In Full
04 Apr New employee at Curoil, another on the move
04 Apr Rotterdam market sharply higher with crude
04 Apr Reports: China may impose ban on single-hulled tankers
04 Apr Volgotanker to ship 30% more fuel oil and gas oil to NW Europe
Russia's largest barge owner to ship 30% more fuel oil and gas oil to northwest Europe although total contractual agreements still lag behind last year.
In Full
04 Apr US: Chief engineer faces jail term for pollution offences
Filipino chief engineer facing eight months jail after pleading guilty to the fixing of a bypass pipe to the oily water separator of his ship.
In Full
04 Apr Bunkers International ventures into Far East
04 Apr PRAXIS: Daily bunker market report (Friday)
04 Apr Dardanelles closed after collision and resulting spill
Two ships collided at Turkey's Dardanelles Strait on Sunday, resulting in the deaths of crew members from one of the ships and a spill of fuel oil.
In Full
02 Apr Japan: Prices set to ease as Nippon Oil resumes spot supplies
Japan's major refiner to resume spot supplies to bunker market as fuel oil inventory improves.
In Full
01 Apr Bunkers up 50% on year as markets digest 'superspike' report
Singapore IFO380 bunker prices up 50% in 2005 as Goldman Sachs reports that global oil markets have entered a phase that could lead up to a $105 per barrel spike.
In Full
01 Apr Singapore: February bunker sales down almost 10%
Latest statistics released by the Maritime and Port Authority of Singapore show bunker sales down in February, although 500 centistoke sales are up.
In Full
01 Apr Singapore: Trans-tec and Tramp Oil consolidate
01 Apr Crude price stays high as US gasoline demand increases
US light crude surges over $55 per barrel amid concern over gasoline supplies ahead of the US driving season.
In Full
01 Apr Japan: Bunker production and sales up in February
Bunker sales and bunker production up both month-on-month and year-on-year in February.
In Full
01 Apr CPC adopts new specifications on marine fuel
01 Apr High sodium fuels surface in Hong Kong
More than two months after the last sample of high sodium bunker fuels was reported in Singapore, several recent samples from Hong Kong were found to have excessive sodium content.
In Full
01 Apr Singapore sellers wary of tightening avails
Despite recent weak demand from China and high bunker premiums, Singapore bunker suppliers are growing wary of tightening avails of HSFO in coming months, claim reports.
In Full