31 Dec Puget Sound spill 3 times larger than originally thought
Early estimates were that around 2,000 gallons of fuel oil had been spilled in the area, which has seen spills in the past of well over 200,000 gallons. Latest reports though have indicated that the spill was around three times bigger than originally thought, and occurred when the barge was overfilled.
In Full 30 Dec BP Marine discusses abatement and offsetting
BP Marine have issued a news release in which Don Gregory (also a committee member of SEAaT (Shipping Emissions Abatement and Trading organisation)) argues the case for the use of abatement technologies and emissions clubs as an alternative to the proposed EU legislation on sulphur caps within EU waters.
In Full 23 Dec Tramp Oil to take over in Falmouth
Tramp Oil & Marine Ltd. has announced that it will commence a physical bunker supply operation in Falmouth, UK starting early in the New Year. The company plans to offer fuel oil, gas oil and MDO as well as marine lubricants.
In Full 22 Dec Seka S.A. announces product expansion at Kali Limenes
Greek bunker supplier Seka S.A. announced today that effective 20th December 2003 they are able to offer full availability of IFO380 cst, IFO180 cst, all intermediates and gas oil from its Kali Limenes bunker station, located on the south side of the Greek island of Crete.
In Full 19 Dec Calpam's Antwerp office takes a back seat in tough market
The difficulties cited as the reasons for the closure of Calpam's Rotterdam office back in October about securing timely supply to customers, both with regards to securing product and barge capacity, are even more acute in Antwerp, causing the company to take a back seat in the bunker market.
In Full 18 Dec Japan's Christmas holiday shutdown comes early
Japan has resigned itself to its Christmas break over the past week, with indications from suppliers coming with 'valid after the 5th of January' in their small print, and nomination deadlines for the new year period coming up fast - if they haven't been reached already.
In Full 18 Dec Singapore bunkers aim higher after steady week
Despite gyrations in crude and the cargo market, bunker prices have been largely steady for fuel oil this week. This Thursday we saw suppliers across the board raising their indications and looking for higher prices, but we had very mixed reports with some saying the market was firm, others soft.
In Full 17 Dec Big fall in US crude stocks 4th week running
Government data have showed crude stocks dropping by around 5 million barrels every week for the past four weeks, bringing the total stock draw in the past month to 21.2 million barrels. Data also showed the first really big draw in heating oil as they reflected rising demand in the wake of the first big snowstorm to hit the US East Coast.
In Full 17 Dec Turkish supplier expands bunker supply to Izmit Bay
Petrol Ofisi has announced that the company has started direct bunker deliveries from its Derince Terminal located in Izmit Bay in the Sea of Marmara, marking a significant expansion of the company's supply capacity in the Turkish bunker market.
In Full 16 Dec Double-hull Wilmington replacement arrives in Gibraltar
The Greek company Vemaoil has taken delivery of a double-hulled tanker with the aim to replace the disputed single-hull storage vessel Wilmington. With a double-hull now ready to take over the role of the Wilmington in Gibraltar, pending inspection, Vemaoil will most likely drop the court hearing about the Wilmington's status that was due at the end of this week.
In Full 15 Dec Part of Anderson Hughes team moves to new company
Four brokers that used to work for shipping group P&O's London subsidiary Anderson Hughes & Co. Ltd. are to join Curzon Maritime in London. The former head of the bunker broking team, Steve Hall, will establish a brand new bunkering department for Curzon.
In Full 11 Dec End of the line for FAMM's bunker supply in Falmouth
After a few months of speculation about the future of bunker supply at the UK port of Falmouth, it seems that the involvement in the port from Fuel and Marine Marketing Ltd (FAMM) has come to an end. The company has now sold out remaining stocks held at the oil terminal of Falmouth Oil Services, and is unlikely to bring in any new cargoes.
In Full 11 Dec Singapore steadies, outlook may be firmer
There was a large degree of price consensus among suppliers in Singapore today with prices seen largely steady to a bit softer compared to Wednesday. Overall avails seem adequate but there is no aggressive selling, and most suppliers are fully committed till early or the middle of next week, some even beyond that.
In Full 10 Dec ARA: Barge shortages and product surplus in volatile market
ARA distillate prices have been on more of a rising trend over the past week, even the past 2 weeks, than is the case for fuel oil. We are also seeing barge congestion building up to an extent that is causing concern, with some suppliers now fully booked almost all the way through to Christmas.
In Full 10 Dec Crude prices rally on big stock draw and cold weather
Because the US draw in crude stocks is so much bigger than anticipated by the market, crude prices look well supported to rise further both on the back of the DOE/API inventory reports and the cold weather forecast that looks set to keep oil demand in the US strong for the next 2 weeks.
In Full 09 Dec India: Barge deliveries halted by new licence requirement
A peculiar problem has arisen in India which has resulted in bunker delivery by barge to all but grind to a halt in one of the country's major ports. Local traders and barge operators told Bunkerworld today that authorities have decided that companies need a solvent trading and transport licence to trade and transport marine fuel oil and marine diesel oil (MDO).
In Full 08 Dec US East Coast snow fall sends oil prices up
After a fairly solid correction down on Friday as some speculators took profit in the wake of OPEC's no-change decision, prices surged today as the snowstorm brought US winter heating oil demand sharply into focus.
In Full 08 Dec Erika-style tanker sets off on same route with same cargo
The fact that a tanker similar to the Prestige, with a similar load and similar route, can still navigate legally in international waters is a joke," Spain's Ministry of Development said. It was referring to the 23-24 years old single-hull tanker Geroi Sevastopolya, which is taking a cargo of fuel oil from the Baltic port of Ventspils to Singapore.
In Full 05 Dec OPL bunkering sought by supplier in Russia's Far East
Pavino Shipping Co Ltd (Pavino) has called on the Russian government to follow South Korea and Singapore's lead by allowing bunkering outside port limits (OPL), hoping by that to make the region more attractive for so-called 'bunker-only calls'.
In Full 05 Dec IMO: EU proposal adopted with few concessions
IMO yesterday adopted a new regulation on the phase-out of single-hull oil tankers and a ban on the transport of heavy oils in such vessels which was very much in line with the proposal submitted by the EU. Only a few concessions were made, recognising regional interests in allowing later deadlines to be applicable both for the phase-out of single-hulls and for using 600 dwt to 5,000 dwt tankers to transport heavy grades of oil.
In Full 04 Dec IMO: Ban on small single-hull tankers proves tricky subject
The outcome is of critical importance to the world's bunker markets, as it will seriously impact the availability of suitable tonnage for regional and local transport of fuel oil. If the EU-proposal is favoured above Asian counterproposals, bunker suppliers around the globe could face a 2008 deadline to upgrade all bunker barges of more than 600 dwt to double hull by 2008, in line with European suppliers.
In Full 04 Dec Oil prices fall as OPEC delays cut
Oil prices were softer this afternoon on news that OPEC ministers have decided to leave current quotas unchanged. However the cartel looks set to cut production at an extraordinary meeting in February in a bid to prevent a supply glut forming in the second quarter.
In Full 04 Dec Singapore market largely sidelined before OPEC
Bunker prices were reported firmer in Singapore today following a 2nd day of gains in cargo prices. Buyers were holding back until after today's OPEC meeting has produced a result. Oil prices are expected to ease if OPEC decides to leave production quotas unchanged.
In Full 04 Dec Crude pumping resumes at Novorossiysk
Transneft had to halt pumping of oil to the port on Saturday due to a tank-top situation, as the huge delays for tankers waiting to transfer through the Bosphorous strait delayed arrivals at the port.
In Full 02 Dec IMO: Time for compromise on single-hull proposals
When the MEPC last met in July, it had difficulty agreeing on how to approach the EU route of banning the transport of heavy oils on tankers in the smaller category, i.e. from 600 to 5,000 dwt with effect from 2008. This is the size category that would affect barge operators not only in Europe, but possibly world-wide.
In Full 01 Dec Still business as usual in Falmouth
It looks like Fuel and Marine Marketing Ltd. (FAMM) will continue to supply ships calling at the southern UK deep water port of Falmouth for another couple of weeks based on the amount of product still left in the oil tank space operated by local supplier and terminal operator Falmouth Oil Services (FOS).
In Full 01 Dec Dover presents detailed study of shipping SO2 emissions - Part 2
A detailed study of local air quality and its sources for Dover District Council leaves no doubt that the port of Dover's busy ferry activity is the main contributor to local concentration of SO2. The study also used model scenarios to asses how the introduction of lower sulphur fuel used by all the ferries, or abatement technology used on a portion of the ferries, would affect SO2 concentrations.
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