News Archive Aug 2005

31 Aug Buyers turn to Houston as New Orleans, Mobile remain closed
Demand jumps in Houston as buyers cope with port closures, but find little relief from high prices.
In Full
31 Aug Bunker costs fail to hinder BC Ferries' profits
British Colombia ferry company announces increased revenue for quarterly results even as bunker fuel costs spiral.
In Full
31 Aug Katrina: Another disaster for lubes?
Sources report that Chevron Oronite's Oak Point plant in Louisiana is under several inches of water, the consequences of which could be grave for marine lubricants.
In Full
31 Aug Further claims filed against Mawashi Al-Gasseem
New court claims filed against vessel arrested for outstanding bunker bills.
In Full
31 Aug Japan: Bunker production and sales up in July
31 Aug EU plumps for new SECA deadlines and sulphur restrictions
The EU has set implementation dates for SECAs differently from the IMO, as well as introducing a host of other sulphur limits across its territories.
In Full
31 Aug Chemoil reports Houston Delivery Tariffs Increase
31 Aug Rotterdam firm amid tight prompt supply
31 Aug Saudi Arabia ready for 11 million bpd output
Saudi Arabia stands ready to boost its oil output to 11 million bpd to cover any supply shortages caused by hurricane Katrina.
In Full
31 Aug Indian refiner seeks stake in SPC
Indian state-run refiner Bharat Petroleum Corp Ltd is looking to buy a stake in Singapore Petroleum Company, while other Indian entities are also interested, reports claim.
In Full
31 Aug Crude oil breeches $70 barrel barrier
Early Singapore trading sees crude for October delivery breech $70 barrier, bunkers above $300 pmt in Houston.
In Full
30 Aug Hurricane's fallout keeps prices high, ports closed
New Orleans and Mobile remain closed for the rest of the week as supply uncertainty pushes prices to new record levels.
In Full
30 Aug Crude prices surging as Katrina damage is assessed
US light crude futures last showing a $3.50 gain in the wake of hurricane Katrina as damage assessments are made.
In Full
30 Aug Asian fundamentals improve on lower fuel oil influx
Fall in arbitrage arrivals during September and October help boost fundamentals despite weak Chinese demand.
In Full
30 Aug Shipping company beats bunker price increases
Major container operator reports 20% increase in Q2 profits despite higher bunker prices.
In Full
30 Aug Russian oil export duties to jump 25%
Finance Ministry official defends tax regime, sets new taxes which may encourage more gas and fuel oil exports.
In Full
30 Aug Taiwan: High prices blamed for slump in bunker sales
High prices said to have dented Q2 bunker market sales just as posted prices hit new all-time-high.
In Full
30 Aug MPA: No new bunkering licenses while demand can be met
The MPA tells Bunkerworld that there is no need to issue new bunkering licenses while accredited suppliers can meet demand.
In Full
30 Aug ARA market holding firm Tuesday morning
30 Aug Dubai exchange: Hedging needs will ensure liquidity
The DMCC's director for energy tells Bunkerworld in an interview that hedging needs will likely ensure sufficient liquidity for the Dubai Exchange's success.
In Full
29 Aug Katrina causes chaos in US Gulf bunker markets
As Katrina halted bunkering in New Orleans and Mobile, Alabama, today, suppliers elsewhere in the US were trying to assess the impact and keeping bunker prices high.
In Full
29 Aug Bunker tanks safe within triple-bottom structure
Japanese shipowner took delivery of a car carrier with its fuel and bunker oil tanks fitted within a triple-bottom structure.
In Full
29 Aug Chimbusco bonded bunker sales up 41% on year
Chimbusco's bonded bunker sales volume rose 41% for the first half of 2005 compared to a year ago.
In Full
29 Aug OPEC maintains supply is sufficient despite high prices
OPEC is concerned with surging oil prices but maintains that the market already has sufficient supplies.
In Full
26 Aug US prices post new records, hurricane hits Florida
As hurricane Katrina disrupted bunker operations in Florida today, prices on the USEC climbed to new highs with Houston staying quiet.
In Full
26 Aug Regular product shortages for foreseeable future
Total Lubmarine says a very tight supply position and regular product shortages are likely to remain in the marine lubes industry for the foreseeable future.
In Full
26 Aug Vopak H1 results: Singapore singled out for more growth
Terminal giant reports marked growth in H1 profits as market fundamentals boost demand for its services.
In Full
26 Aug New contact details for JSC Bunker Co. Archangel
26 Aug Colombo: Supplier makes first in port delivery
Lanka Maritime Services has completed its first in-port delivery at Colombo after over a year of legal wrangling.
In Full
26 Aug Egypt: Independent surveyor vouches for fuel oil quality
Cargo surveyor responds to recent reports about quality problems with bunkers from Port Said.
In Full
26 Aug ARA market: Many suppliers fully booked for August
26 Aug South Africa: Authorities look into handling oil spill
Joint assessment underway on the readiness of handling a major oil spill along the country's 3,500 kilometre (km) coastline.
In Full
25 Aug Additives companies test new marine fuel products
Marine fuel additives offer cleaner combustion and better fuel efficiency, and North American companies are getting on board.
In Full
25 Aug Tropical storm closes Florida ports, bunker offices
Ports in Florida shut down today and bunker suppliers closed offices as Tropical Storm Katrina threatened the region.
In Full
25 Aug Russia to review oil export taxes this year
Oil export taxes to reach fresh record highs, but new assessment mechanism will see changes in export duties.
In Full
25 Aug New broker and chartering firm opens in Italy
After seven years in London, two former Anderson Hughes employees return home and set up new business.
In Full
25 Aug Fujairah supplier's London branch closed
Declining bunker market activity and change of focus make London representative redundant.
In Full
25 Aug EIA: Crude cushion could ease price pressure this winter
Crude prices at record highs despite counter-seasonal US stock build, which bodes well for winter supply.
In Full
25 Aug Lubricants: Oronite admits force majeure
A lubricant additives supplier has declared force majeure and admits that it will not be able to meet demand for several months.
In Full
25 Aug Rotterdam firm this morning
25 Aug Singapore: Residual fuel stocks up, middle distillates down
25 Aug SK Energy seeks greater role in bunkering
Singapore-based SK Energy Asia aims to focus more on bunkering and triple its fuel oil trading.
In Full
25 Aug Crude surges to record high in New York
Crude oil prices touched a record level in New York due to supply fears being elevated by storms in the Gulf of Mexico.
In Full
24 Aug K-Sea extends barging reach to US West Coast
New York-based barging company buys Sea Coast Towing, becoming the US's largest tank barge operator company claims.
In Full
24 Aug Resupply disrupted in Ecuador
Unrest in the country's oil producing region finally hits the bunker market as refinery struggles to keep up production.
In Full
24 Aug DOE & API at a glance: This week's US inventory reports
24 Aug Kenyans lament continued use of single-hull tankers
Fears of oil spill as single-hull tanker unloads crude oil at Mombasa, but is it a breach of MARPOL ban?
In Full
24 Aug Lube producers at pains to stress value to shipowners
Escalating costs, leaner supply chains and rising demand prompt marine lubricant suppliers to stress the value of their products.
In Full
24 Aug Loading congestion in steady Rotterdam
24 Aug Malaysia: Shell executive to take over at PTP
The departure of the Port of Tanjung Pelepas' chief executive officer will not disrupt the Malaysian government's plan to develop a petroleum hub at the port.
In Full
24 Aug High oil prices put pressure on OPEC
OPEC is under pressure to produce oil at full capacity on expectations of oil prices remaining high.
In Full
23 Aug NY at record high, Persian Gulf cargo heads for Houston
As suppliers hit tank bottom in New York, reports say cargoes of fuel oil heading from the Middle East to the US Gulf.
In Full
23 Aug Southern Chilean supplier awaiting benefits of region's growth
As exports in the far south of Chile boom, principal bunker supplier remains cautious.
In Full
23 Aug Trader pursues bunker bill as court orders vessel sale
Bunker trader is still speaking out of court with the owners of Mawashi Al-Gasseem.
In Full
23 Aug H1 results: Chinese shipping line beats bunker price effect
Chinese export growth bolsters profit even as surging bunker prices increase shipping line's cost.
In Full
23 Aug Jordan to export straight-run fuel oil
Singapore bunker market mooted as possible outlet for Jordanian fuel oil cargoes.
In Full
23 Aug ARA market reported steady at midday
23 Aug Hong Kong: 380 cst extends tight run
380 cst bunker fuel has extended its tight run amid slow demand in the Hong Kong market.
In Full
23 Aug Singapore: Overseas sales of bunkering improve on year
Data from Singapore's Department of Statistics showed overseas sales by ship chandlers and bunkering companies improve on year.
In Full
23 Aug Starsupply acquired by London insurance broker
US-based oil products broker and OceanConnect partner acquired in reputed $15m cash deal.
In Full
22 Aug Panama prices close gap on Houston
Prices in Panama softened today with suppliers shrugging off reports of tight avails on the Caribbean coast.
In Full
22 Aug US markets firm to record levels
Bunker markets quiet in the US, but tight avails see New York prices at record levels.
In Full
22 Aug DMCC: Newly appointed Energy Director forging industry links
Newly appointed energy director to develop regional market and product development for the energy sector, including a fuel oil futures contract on the Dubai Gold & Commodities Exchange.
In Full
22 Aug Ventspils: Bunkering resumes after extended barge absence
Normal supply capacity resumes but annual sales volume could suffer.
In Full
22 Aug Few fixtures despite open arb, record high Asian prices
Despite benchmark fuel oil prices in Asia reaching record highs and the opening of the arbitrage window from Europe, Asia-bound fixtures remain few and far between.
In Full
22 Aug Shipping lines introduce US to Asia fuel surcharges
Surcharges only partially successful in defraying extra fuel costs.
In Full
22 Aug Rotterdam firm this afternoon
22 Aug Japan: Poor demand hits bunker market
Poor bunker demand has hit the Japanese market and several bunker traders report zero enquiries.
In Full
22 Aug Lanka IOC explores bunkering services off Trincomalee
Lanka IOC confident Trincomalee can be developed into a regional bunkering hub.
In Full
19 Aug Fuel oil arbitrage prospects bearish despite VLCC fixture
Despite the fixture of the first Asia-bound VLCC from Europe in two months, traders have said that fuel oil arbitrage prospects remain bearish.
In Full
19 Aug Crude rebounds on failed rocket attack, Ecuador disruption
Markets rebound after news of failed rocket attacks in the Middle East and massive supply disruptions in Ecuador.
In Full
19 Aug Mexican official rues lost bunker business
A Mexican Department of Transport official has said the country is missing out on potential bunker business, echoing the voices of Mexican bunker suppliers.
In Full
19 Aug Hong Kong: Bunker prices rebound on crude gains
After yesterday's drop, Hong Kong bunker prices rebounded today following the rise in crude oil prices.
In Full
19 Aug Korea Ocean Energy to relocate head office
19 Aug Showa Shell bags profits in first half this year
Japanese refiner Showa Shell posted an increase in net income in the first half of 2005 with healthy bunker sales volumes also noted.
In Full
19 Aug Oil prices steady on gains in US crude reserves
Oil prices have remained steady as an increase in US crude reserves have helped to ease concerns over tight supplies.
In Full
19 Aug Singapore: GAC reveals ambitions for continued expansion
GAC Bunker Fuels Singapore sets sights on expanding its market share in the region and boost its role within the GAC Group.
In Full
18 Aug Bunker supply in Ecuador 'unaffected' by state-of-emergency
While the Ecuadorian government deals with disruption to local oil production, bunker supply remains normal - but suppliers are looking for future improvements.
In Full
18 Aug Houston prices head downward
Buyers wait rewarded with lower prices in main US bunkering port as demand surges.
In Full
18 Aug DNVPS defends stance on sulphur testing and reporting
DNVPS says it will continue to consider 4.5% the maximum sulphur limit for MARPOL purposes, but calls on the IMO for clearer guidelines.
In Full
18 Aug Titan: Fleet renewal & expansion will stretch to bunker barges
Titan looking to expand bunker tanker capacity as well as turning to a more double-hulled strategy for its oil transportation business.
In Full
18 Aug Withdrawn Port Said product 'not suitable for sale'
Question remains open as to how long the now withdrawn product may have been in the market.
In Full
18 Aug Proposed oil transfer rules raise pollution fears
ISU warns applying the proposals to bunker transfers could create problems and interfere with attempts to prevent pollution.
In Full
18 Aug Singapore: Residual fuel stocks at 11-month low
18 Aug LA: Speed reduction program slashes NOx emissions
Ships participating in a vessel speed reduction program at the port of Los Angeles have cut NOx emissions by 100 tonnes over a three month period.
In Full
18 Aug Bulk owner blames currency not bunkers for falling profits
Bulker owner blames currency depreciation, not bunkers for a decline in profits.
In Full
18 Aug Dubai to launch fuel oil contract in early 2006
In 2006, Dubai will launch a futures contract for trading in fuel oil, involving a range of commodities such as 380 cst and 180 cst grades.
In Full
18 Aug Swelling bunker costs hit seaweed industry in the Philippines
Rising bunker fuel costs have affected the Philippines seaweed industry, which relies on the fuel to run its equipment.
In Full
18 Aug OPEC to focus on light crude supply
OPEC is ready to increase oil output and to focus more on producing lighter grades of crude.
In Full
17 Aug Oil prices slump despite huge US gasoline draw
Crude posts biggest decline in a month as US inventories of crude and distillates appear healthy.
In Full
17 Aug DOE & API at a glance: This week's US inventory reports
17 Aug Port Said: FOBAS, DNVPS confirm serious fuel contamination
At least one vessel which took fuel at Port Said is arranging debunkering, while DNVPS advises against using the fuel.
In Full
17 Aug WFS lauds Falmouth's strategic location for LSFO supply
Top executives from WFS have highlighted Falmouth's strategic position for the supply of low sulphur fuel oil, also hinting at future expansion at the port.
In Full
17 Aug Off-spec fuels reported in New York and ARA region
Operators advised to take extra care if using the fuels in question.
In Full
17 Aug PTP: KIC stands firm on bunker island project
KIC Oil & Gas says government mandate supercedes an announcement by Sumatec Resources regarding bunker island project and stands by 2007 target.
In Full
17 Aug Strong freight rates set to lift bunker surcharge
Peak seasonal cargo volumes have been lifting ocean freight rates on the Middle East-Far East sector as main shipping lines consider raising bunker surcharge.
In Full
17 Aug Malacca Strait stays on risk list
The Malacca Strait will remain on the list as a war risk zone after the Joint War Committee rejected calls from shipowners and Asian governments to review its status.
In Full
17 Aug Reports: More sediment warnings in Port Said
Less than two weeks after high levels of cat fines and total sediment potential (TSP) are found in Port Said product, more excessive TSP levels are reported.
In Full
16 Aug Study warns of low sulphur diesel availability shortfall
US West Coast study warns that low sulphur distillate fuel only available on a case-by-case basis in key ports as regulators' plans to cap emissions levels gain pace.
In Full
16 Aug Texas gives green light to emissions-reducing additive
US-based additives producer Biofriendly Corporation announces official approval of fuel catalyst and looks to marine market.
In Full
16 Aug K Line ups forecast despite bunker costs
Japanese shipowner raises profit forecast and expects bunker prices to ease.
In Full
16 Aug KIC predicts 600% revenue growth after signing ceremony
Malaysia's KIC secures Westport bunkering facility and boosts trade finance facility for its expanding fuel oil buying activities.
In Full
16 Aug Russia: Commission to consider abolishing export duty
A Russian government commission is reportedly planning to consider abolishing fuel oil export duty this week.
In Full
16 Aug Forecasters warn of record-breaking Atlantic hurricane season
Record-breaking storm season heralds further threats to US oil supply.
In Full
16 Aug Petrolimex secures double-hull tanker for fuel oil imports
IMO fuel oil transport ban prompts company to buy new tanker.
In Full
16 Aug Indonesia triples fuel oil imports in September
Indonesian state oil company Pertamina has bought 1.65 million barrels of high sulphur fuel oil for September.
In Full
16 Aug Rotterdam market stable at noon
16 Aug South Korea: Poor bunker demand as prices stay firm
The South Korean ports of Busan/Ulsan were hit by poor bunker demand as prices stayed firm on high crude oil prices.
In Full
16 Aug Bunker costs cut profits for bulk owner
Bunkers blamed for falling profits.
In Full
16 Aug Port Klang operations unaffected by haze
Operations in Port Klang not delayed despite closure during haze, says official.
In Full
15 Aug Demand falls as buyers take cautious approach
A quiet day in key US ports as buyers ride out bullish crude.
In Full
15 Aug West Coast SECA proposal receives Canadian backing
The US and Canadian West Coast is trending towards a SECA, port authority reveals.
In Full
15 Aug Indonesia looks at alternative to fuel oil, distillates
A former minister says bio-fuels could become an alternative to fuel oil and diesel used by fishing vessels.
In Full
15 Aug New head boosts SMP's Asian resources
Oil major takes decision to recruit new Shell Marine Products' chief from outside company as it turns attention to boosting Asian presence.
In Full
15 Aug Philippines: Bunkers escape planned tax
A handful of petroleum products will be exempt from a new value-added tax.
In Full
15 Aug Hearing adjourned as trader seeks out-of-court settlement
Trader says outstanding bunker bill may be settled shortly after court case was adjourned pre-hearing.
In Full
15 Aug Rotterdam holds firm Monday morning
15 Aug GAC: Volatility means challenging times for bunker traders
GAC's Asian bunker manager shares her views on market volatility and why Singapore is the world's leading bunkering port.
In Full
15 Aug Korean HSFO exports likely to drop in September
South Korean HSFO exports likely to drop by nearly a third next month according to survey.
In Full
15 Aug Titan gains strong footing in China with new terminals
Titan Petrochemicals will soon become an integrated oil supplier to China, and alludes to supplying ships from one of its new oil terminals.
In Full
12 Aug Hedging boosts CP Ships' strong results
CP Ships announces revenue and volume increases but remains wary of rising fuel costs.
In Full
12 Aug Petrobras offer incentive deal
Brazilian supplier offers buyers a discount on intermediate fuel oil at Bahia Blanca.
In Full
12 Aug PRAXIS: Daily bunker market report (Friday)
12 Aug Venezuela/Argentina ink $240 million fuel oil deal
Venezuelan president Hugo Chavez and his Argentine counterpart Nestor Kirchner signed several agreements yesterday, including a massive fuel oil deal.
In Full
12 Aug Castrol warns of Asian lubes crisis
Castrol Marine has said that a new supply crisis looms for the marine lubricants market in Singapore, and by extension other markets in Asia.
In Full
12 Aug New centrifuge reduces oil discharge by half
Alfa Laval KK has begun marketing a centrifuge for removing foreign matter from fuel oil and lubricating oil that reduces the amount of oil discharged by around half.
In Full
12 Aug Genoa suppliers relieved as barge crew accept new contracts
After three months of industrial action, bunker players are happy that operations return to normal.
In Full
12 Aug Titan names oil transport chief
Titan Petrochemicals informed Bunkerworld today that the Group has named a new president for its oil transportation division.
In Full
12 Aug ARA market quiet but firm Friday morning
12 Aug Japan: Price gains lag Asian markets after minimal exports
Japan's bunker market was muted ahead of a weekend holiday and enquiry levels were below 1,000 mt despite attractive pricing, traders said.
In Full
12 Aug Taiwan: Bunkering in doubt as storm approaches
Bunkering operations in Taiwanese ports are in doubt today due to an approaching tropical storm, market sources said.
In Full
12 Aug NOL posts slow second quarter growth
NOL posted a slow profit growth of just 6% in the second quarter of 2005 due to higher costs, including surging bunker fuel costs.
In Full
11 Aug New Orleans narrowing price gap with Houston
Prices competitive in New Orleans but still dwarfed by Houston's regional dominance.
In Full
11 Aug US suppliers 'holding on' as bulls run
With crude yet again at record levels, US markets start to firm as suppliers try to hold prices steady.
In Full
11 Aug PRAXIS: Daily bunker market report (Thursday)
11 Aug IEA: Dwindling non-OPEC supply raises call on OPEC
Falling non-OPEC supply has raised the 'call on OPEC' close to the level seen in various estimates for OPEC's July output.
In Full
11 Aug Russia: Energy ministry blocks fuel oil export duty cut
Russia's energy ministry said today that although it was in favour of cutting fuel oil export duty, now is not the right time to make a cut.
In Full
11 Aug Fuel oil, bunkers surge in Singapore
Decreasing cargo arrivals and logistical problems add to already bullish crude influence in the Singapore fuel oil and bunker markets.
In Full
11 Aug Gamekeeper or Champion: MPA strikes a balance
Singapore's MPA says dual role as both maritime regulator and promoter allows holistic approach.
In Full
11 Aug Another line reports adverse effect from bunkers
H1 profits for major container line suffer from high fuel costs in the period.
In Full
11 Aug Crude above $65 on US thirst for gasoline, supply concerns
Crude prices hit new records as US gasoline stocks tighten amid heightened worries about oil supply security.
In Full
11 Aug Singapore: Fuel oil stocks fall to 6-week low
11 Aug Thick haze reduces visibility in the Malacca Strait
A thick haze has enveloped the Malacca Strait and caused operations to be stopped at Malaysia's Northport.
In Full
11 Aug Hong Kong: Bunker fuel shortage continues
380 cst supply still tight in Hong Kong, while high prices are muting demand.
In Full
10 Aug DOE & API at a glance: US crude stocks swell
Reports show rise in crude stocks amid high imports, but mixed picture for key products.
In Full
10 Aug Lintec advises caution on sulphur limits
Variations in testing methods mean all parties involved need to approach bunkers marginally above MARPOL sulphur limits with caution.
In Full
10 Aug EGPC awards 756,000 mt tender for up to 5% fuel oil
EGPC has awarded a tender to buy up to 756,000 mt of high sulphur fuel oil for the country's bunker market, although maximum sulphur content specified exceeds MARPOL limits.
In Full
10 Aug NOL profits expected to suffer from escalating fuel bills
Analysts predict erosion of Q2 profits as rising costs counter strong transport demand, while Q3 bunker prices show no sign of easing.
In Full
10 Aug Colombo: Appeal court ruling will see bunker prices drop
Sri Lanka Shipping Company says appeal court ruling will lead to increased competition and better prices for bunker buyers.
In Full
10 Aug Rotterdam market remains firm this morning
10 Aug Solid start continues for World Fuel Services
Miami-based marine fuel marketer World Fuel Services Corp. (WFS) reveals continued solid results for Q2, 2005.
In Full
09 Aug Buenos Aires bunker prices tumble
Price competition between suppliers sees falling prices defy regional trend.
In Full
09 Aug North European ferry operations suffer bunker blow
Global operator hints at cuts in North European services as over-capacity prevents it from recouping escalating bunker costs.
In Full
09 Aug NYK Line sustains rising bunker costs
Japan's biggest shipping line records solid profit growth as improved market conditions counterbalance rising bunker costs.
In Full
09 Aug PRAXIS: Daily bunker market report (Tuesday)
09 Aug Fixed price lube deals may be a thing of the past
Andrew Knox, Head of Marketing at Total Lubmarine discusses the evolution of the marine lubricants market for Bunkerworld Magazine.
In Full
09 Aug Rotterdam stable at Midday
09 Aug Titan seeks further growth in transport, bunkering
Fast-growing oil transport and trading group wants to expand and upgrade bunkering fleet.
In Full
09 Aug Russia: First half product exports worth almost $14 billion
Domestic refiners ramp up crude processing to capitalise on lower oil product export duties.
In Full
09 Aug Bunker deliveries return to normal in strike-blighted Genoa
Barge crews return to normal working hours today ahead of acceptance of new contracts by union bosses on Thursday.
In Full
09 Aug Fuel costs erode Hanjin profits
47% year-on-year rise in bunker prices chip away at Q2 income.
In Full
08 Aug USEC, USGC open week firm, USWC demand soars
Crude prices push bunker numbers higher on the USEC and Gulf, but window of opportunity allows West Coast suppliers to capitalise.
In Full
08 Aug Moscow: Refinery upgrade will see fuel oil production slashed
Moscow mayor orders $600 million Moscow Refinery upgrade project with fuel oil output to be slashed by around 70%.
In Full
08 Aug Ruling expected on vessel with outstanding bunker bill
Australian court will hear bunker claim against vessel under arrest in Adelaide.
In Full
08 Aug Crude oil prices power to new record highs
Oil prices have powered to new highs today amid ongoing concerns over the security of Saudi Arabian oil supply to the world market.
In Full
08 Aug 'Wrong fuel' scuppers Russian billionaire's vacation plans
Russian oligarch and owner of Chelsea FC Roman Abramovich may have to spend more time watching his team perform in the Premiership after his yacht was sold 'wrong' bunker fuel.
In Full
08 Aug Oil price gains spur fuel surcharge for cruise passengers
Passengers on yet another cruise line asked to pay as bunkering costs surge.
In Full
08 Aug Singapore: Sempra out of the box and back on trading screen
Sempra Energy has been given permission to resume trading on the Page 190 electronic trading platform.
In Full
08 Aug Japan: July bunker contract prices end bearish run
Retroactive bunker prices up for the first time since April.
In Full
08 Aug Aegean secures extended US Defense contract
The US Defense Energy Support Center has renewed a contract with Greece-based bunker supplier for the supply of bunkers.
In Full
08 Aug Rotterdam market firm at Midday
08 Aug Iraqi-Malaysian bunker JV back to the drawing board
Malaysian company now looking for 'serious interest' after previous Iraqi-Malaysian bunkering joint venture negotiations stalled earlier this year.
In Full
05 Aug Colombia looks to expansion plans
But inadequate infrastructure holding back potential growth in Colombian bunker market.
In Full
05 Aug Wartsila engine orders double
Company warns that that reduced availability of building berths and higher yard prices will reduce new orders.
In Full
05 Aug New EU study on ship emission controls near completion
A feasibility study for the European Commission aims to define the tools that may eventually lead to ship emissions trading.
In Full
05 Aug China: Diesel shortage could increase fuel oil demand
A current shortage of diesel in southern China could prompt increased Chinese demand for straight-run fuel oil as refiners see margins widen.
In Full
05 Aug PRAXIS: Daily bunker market report (Friday)
05 Aug Russia: Economy minister calls for oil tax review
Russian economy minister says oil taxes must be reviewed by year-end, but may slash fuel oil export duty in the next week.
In Full
05 Aug Bosphorus passage delays possible boon for bunkering
Istanbul suppliers keen for owners to take advantage of prompt supply opportunities during idle time.
In Full
05 Aug OPEC output nears 26-year high
OPEC output level rose 290,000 bpd in July to its highest level since December 1979, nearing 26-year high.
In Full
05 Aug Rotterdam follows crude higher
05 Aug Hong Kong: 380 cst faces shortage of supply
A delay in ExxonMobil's 380 cst cargoes has led to a slight shortage in supply of the bunker fuel in Hong Kong.
In Full
05 Aug Major oil spills on the decline
Statistics released by the International Tanker Owners Pollution Federation have shown a decline in the number of major oil spills from ships worldwide.
In Full
05 Aug Singapore suppliers: Platts' MOC 'right' despite flaws
Singapore bunker players see little alternative to Platts' pricing system, but admit there is room for improvement, Bunkerworld magazine reveals.
In Full
04 Aug Resupply fears spark West Coast MDO spike
Marine diesel oil prices on the North American West Coast jump on resupply costs but Vancouver shrugs off train derailment.
In Full
04 Aug High cat fine levels sparks FOBAS quality alert
Off-spec bunkers with highly abrasive contaminant have been detected in recent Port Said fuel samples.
In Full
04 Aug PRAXIS: Daily bunker market report (Thursday)
04 Aug Competitors won't follow Princess' cold-ironing initiative
Cruise lines in Seattle underline commitment to reducing harmful emissions in the port, but will not follow Princess Cruises by implementing 'cold-ironing'.
In Full
04 Aug Bunker prices/currency leave shipping lines vulnerable
Lower relative fuel bill lifts MOL's profits, while K-Line's decline amid higher prices paid for bunkers.
In Full
04 Aug Titan H1 profits surge 65%
Asian oil trading and transport group predicts positive H2 contribution to annual result.
In Full
04 Aug Aegean Marine Petroleum launches Singapore venture
Two months after opening an office in the US, Aegean Marine Petroleum has expanded further with the launch of a new office in Asia.
In Full
04 Aug Faisal reveals expansion plans to service new port development
Supplier aims to offer bunkers within a year at Pakistan's ambitious new port development.
In Full
04 Aug Singapore: Fuel oil stocks and middle distillates slip
04 Aug New Korean terminal set to boost bunker sales
Bunker traders optimistic that new container terminal will help boost bunker sales in Busan.
In Full
04 Aug Rotterdam slightly softer this morning
04 Aug No terrorist threat in the Malacca Strait yet, SSA says
The Singapore Shipping Association has urged the Joint War Committee to reconsider its decision to declare the Malacca Strait a war risk zone.
In Full
03 Aug Marine fuel shipment spilled in Alberta train crash
Bunker fuel oil spilling from 26 rail cars in a train derailment in Alberta, Canada.
In Full
03 Aug PRAXIS: Daily bunker market report (Wednesday)
03 Aug Cyprus seeking one million tonnes of fuel oil
Cyprus looking to buy over one million metric tonnes of fuel oil from December.
In Full
03 Aug Crude prices touch new records
Fears about the future of Saudi Arabia, a ferocious hurricane season and stretched US refining capacity pushes oil prices to new all-time highs.
In Full
03 Aug P&I club highlights bunker quality and low sulphur issues
Bunker quality claims on the increase, potential problems ahead for compliance with sulphur legislation, P&I club warns.
In Full
03 Aug New appointment at O.W. Bunker & Trading A/S
03 Aug Bominflot announces low sulphur fuel oil supply
The Bominflot group has announced that low sulphur fuel oil will be available in Hamburg from next month.
In Full
03 Aug Japan: Demand pales on firmer bunker prices
Japanese bunker demand was soft as bunker prices firmed by up to $4.50 on firmer crude.
In Full
03 Aug China: Titan bumps up Nansha storage stake by 25%
Hong Kong based Titan Petrochemicals Group Limited has increased its stake in the massive Nansha oil storage project on the Pearl River Delta.
In Full
03 Aug MARPOL Annex VI: INTERTANKO to pursue reduced liability
INTERTANKO has made only limited headway at the IMO with proposals for reduced liability for ships let down by bunker suppliers.
In Full
03 Aug Rotterdam firmer Wednesday morning
03 Aug Higher bunker prices lift ferry fares by 25%
Daima Shipping Company has increased passenger fares for its ferry service in view of higher bunker fuel prices.
In Full
03 Aug Hong Kong considers SECA status
Hong Kong authorities are exploring the possibility of a SECA, but local suppliers are not supportive.
In Full
02 Aug TransMontaigne acquisition deal gets green light
Transmontaigne's purchase of US petroleum products company Radcliff/Economy Marine Services sees Florida's largest bunker supplier expand its terminal and barge capacity in US Gulf.
In Full
02 Aug Panama bunker forum dubbed a 'big success'
Bunker industry forum considers operational and supply issues in Panama as the market looks forward to improving infrastructure.
In Full
02 Aug Peru: New details for Van Oil SA.
02 Aug PRAXIS: Daily bunker market report (Tuesday)
02 Aug Rotterdam H1 figures show solid growth for oil products trade
The Port of Rotterdam handled 185 million tonnes of cargo in the first half of 2005, with exceptional container throughput and solid gains in oil product trade contributing to overall growth.
In Full
02 Aug Fujairah: ADNOC tight-lipped about bunker market re-entry
Despite earlier reports indicating that ADNOC would re-enter the Fujairah bunker market in the second quarter of this year, the company remains tight-lipped about when it will resume operations in key bunkering hub.
In Full
02 Aug Asia: Supply overhang compounds European fuel oil glut
Weak Chinese buying interest and an already heavily supplied Asian market have kept prices depressed and the arbitrage from Europe closed.
In Full
02 Aug DNVPS reminds owners of MARPOL pitfalls
With ship operators still struggling to unravel the demands of MARPOL Annex VI, DNV Petroleum Services issues advice on what to do if a fuel tests above the MARPOL 4.5% sulphur limit.
In Full
02 Aug Rotterdam steady at Midday
02 Aug Seacor to establish oil spill response centre in the Gulf
Fujairah-based Seacor Environmental Services Middle East (SESME) will begin a development programme to setup a fully operational oil spill response centre in the Persian Gulf.
In Full
02 Aug Singapore: New details for Standard Oil & Marine Services
02 Aug New King ascends, Saudi pledges oil production
Saudi Arabia pledges to carry on pumping oil at a reasonable price to satisfy market demand under its new leader King Abdullah.
In Full
01 Aug Crude pressures bunker prices, no effect from refinery fires
US Gulf and east coast bunker suppliers watching record prices on the crude markets but refinery outages having little effect on prices or supply.
In Full
01 Aug Oil prices soaring as high as a kite
As oil prices exceed $60 a barrel, a California-based company claims it has an age-old solution to rising ship operater costs and growing environmental pressures.
In Full
01 Aug IMO to consider ship-to-ship (STS) regulations
The IMO's Marine Environment Protection Committee has agreed to consider the development of amendments to MARPOL to prevent the risk of pollution during ship-to-ship (STS) transfers at sea, including bunkering.
In Full
01 Aug MEPC approves fuel tank protection regulations
New draft regulations governing fuel tank protection have been approved by the International Maritime Organization (IMO)'s Marine Environment Protection Committee (MEPC).
In Full
01 Aug IMO outlines MARPOL Annex VI revisions
In addition to adopting several amendments to MARPOL Annex VI and hammering out more guidelines for the regulation, the IMO has outlined a review process that could signal a tightening of emission controls.
In Full
01 Aug Kochi Refineries: Big advantage for new bunker facility
Former port official says Kochi Refineries Ltd. has a big advantage in securing a share of a proposed new bunker facility at Kochi port (formerly Cochin).
In Full
01 Aug IMO confirms