News Archive Jun 2005

30 Jun US bunker prices predicted to firm
Suppliers expect prices to firm tomorrow ahead of Independence Day holiday, Canada closed Friday.
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30 Jun LA proposes tough new emissions control measures
Report recommends new regulations amid warnings of limited availability for low-sulphur marine fuels.
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30 Jun Japanese May bunker sales show upturn
30 Jun MPA follow-up on MARPOL case says no breach was made
MPA says new tests of samples show no breach of 4.5% sulphur limit, while DNVPS says it has full faith in the reliability and accuracy of its testing methods.
In Full
30 Jun PRAXIS: Daily bunker market report (Thursday)
30 Jun Dubai exchange open for membership
Dubai Gold and Commodities Exchange (DGCX) has announced that it is open for membership and will begin trading in November.
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30 Jun Singapore: Class society targets port limit tankers
Singapore launches its own classification society targeting small ships that trade locally, including port limits tankers.
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30 Jun ARA barge market bids move closer to offers
30 Jun Singapore: Lower residual stocks, bunker prices may rebound
Singapore's onshore residual fuel stocks dropped by over a million barrels and bunker prices are expected to rebound next week market sources said.
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30 Jun OPEC considers further hike in output quota
OPEC may raise its oil production quota by 500,000 barrels per day soon, while an increase in US crude stocks saw oil prices s;ide toward $57 per barrel yesterday.
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30 Jun Korean market weakened by high bunker prices
South Korean bunker fuel prices were considered too high at the moment to fetch healthy demand volumes, traders said.
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29 Jun PDVSA targets equity share in Jamaica's Petrojam
Proposed deal would see Venezuelan oil giant acquire a share of Kingston refinery and marketing arm for refined products, including heavy fuel oil, claim reports.
In Full
29 Jun Sulphur price spread predicted to increase in US
Conference speakers predict widening price differential, depending on cutter stocks and low-sulphur crude streams.
In Full
29 Jun MPA: No further reports of MARPOL sulphur breaches
Maritime and Port Authority (MPA) of Singapore tells Bunkerworld that it is following up a recent report that some bunker samples from the port tested slightly above 4.5% sulphur, but would not indicate if it would lead to any further action from the authority.
In Full
29 Jun Summer-break for Ventspils bunker supply
Barge repair work means hiatus in bunker supply for much of the summer.
In Full
29 Jun PRAXIS: Daily bunker market report (Wednesday)
29 Jun Report warns of complacency over double-hulls
A report of High Level Experts commissioned by the European Maritime Safety Agency (EMSA) has warned the shipping industry of complacency over pollution risks from double-hulled tankers.
In Full
29 Jun Russian supplier continues expansion with barge orders
Russian bunker supplier and barge operator awaits three barges as construction of new terminals continues.
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29 Jun Crude oil little changed after huge slump
Crude oil prices in both New York and London were little changed this morning after both benchmarks slumped by over $2 in yesterday's trade.
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29 Jun Rotterdam: Congestion reduced but prompt still problematic
29 Jun Singapore tanker detained by Malaysian authorities after spill
A Singapore-owned tanker was suspected of causing the giant oil slick off Malaysia's south coast, while Malaysian officials said Singapore waters not affected.
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29 Jun Cosco undertakes conversion of oil tankers to double-hulls
Cosco Corp (Singapore) Ltd, a unit of China's biggest shipping company, will be undertaking work to convert single-hulled oil tankers to double-hulls this year.
In Full
28 Jun Vancouver bunker suppliers unconcerned by truck strike
Disruption to container movement in the port may last a week, but bunker market largely unaffected.
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28 Jun US increases single hull spill liability
Legislation increases single-hull tanker oil spill liability levels and introduces new rules for US waterways.
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28 Jun PRAXIS: Daily bunker market report (Tuesday)
28 Jun Shell to divest marine businesses in Ireland
The Royal Dutch/Shell Group of Companies (Shell) is in negotiations with a number of prospective buyers for its retail and commercial businesses both in the Republic of Ireland and Northern Ireland, including its marine businesses.
In Full
28 Jun Mixed messages over Russian oil taxes
Customs officials have predicted yet another hike in export taxes from August 1, while the country's Industry and Energy minister was reported saying that taxes had reached their upper limit.
In Full
28 Jun Asian fuel crack weakens further on fundamentals and pricing
Asian fuel oil swaps eased further today on softer crude prices, but fundamentals and pricing activities exacerbated losses as the market awaits a slew of incoming arbitrage cargoes in July.
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28 Jun 'Royal' barge fleet grows with birth of new princess
By a happy coincidence, the arrival in Rotterdam this weekend of the hull for the latest newbuild bunker barge for FTS Hofftrans coincided with the birth of a new Dutch princess, and both will be named 'Alexia'.
In Full
28 Jun Rotterdam stable Tuesday morning with continued congestion
28 Jun Tankers arrested for not carrying delivery order
Two tankers loaded with fuel oil were arrested by the Indonesian navy for not carrying a Delivery Order onboard.
In Full
27 Jun Venezuela fuel oil exports up on wind power generation
PDVSA announces 14,000 metric tonne per month increase in fuel oil exports arising from wind power project.
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27 Jun Crude hits a new record of $60 per barrel
Crude finally breaches psychological $60 a barrel barrier in New York, as US bunker suppliers brace themselves for firming market.
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27 Jun Reports: Russian terminal partly operational by year-end
First phase of new terminal expected to be operational by the end of this year.
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27 Jun Italian supplier says its fuels are MARPOL compliant
Italian oil major ENI has refuted any suggestion that the company has supplied bunkers with sulphur content exceeding the 4.5% cap stipulated in MARPOL Annex VI.
In Full
27 Jun Singapore: Arbitrage cargoes pressure 380 cst market
380 centistoke fuel oil prices were softer today despite firm crude movements as a large volume of incoming high viscosity cargoes are set to arrive in July.
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27 Jun Off-spec fuel incidents generally 'fairly random'
MD of the world's biggest fuel testing agency says there is no clear trend in off-spec fuels with regard to port or supplier, but hints that there are some repeat offenders with regard to overstated density.
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27 Jun Promising progress made in bunker fuel transfer
Sources at South Africa's Department of Environmental Affairs and Tourism (DEAT) said today that it was very pleased and encouraged by the progress made in the transfer of bunker fuel from the stricken bulker, Kiperousa.
In Full
27 Jun Congestion expected til month-end in firm Rotterdam
27 Jun Malaysia: Giant oil slick hits Johor coast
A giant oil slick measuring five-kilometres long has hit Malaysia's southern Johor state on Pengerang beach.
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27 Jun Baltic Sea: Illegal oil discharge deterred by air surveillance
The Helsinki Commission revealed that increasing the number of air surveillance flights have deterred and reduced illegal oil discharges in the Baltic Sea.
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27 Jun Kuwait's new refinery seeks pre-qualify bids
State-run Kuwait National Petroleum Co will soon announce pre-qualify bidders to build a new oil refinery with a capacity of more than 600,000 bpd.
In Full
24 Jun Quiet end to bunkering week in New York and Houston
Key USEC and Gulf ports end the week quietly with light demand and competitive pricing.
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24 Jun Testing agency reveals MARPOL Annex VI sulphur violations
Fuels with sulphur content exceeding 4.5% have been supplied in recent weeks in Italy and Singapore, and because the latter is a signatory to MARPOL Annex VI, this might be the first known case of supplier violation of the sulphur regulation.
In Full
24 Jun Rotterdam congestion pushing demand to other ports
Intensified loading congestion at Rotterdam's main fuel oil terminal has led some to seek alternative loadings in Antwerp, while suppliers in Hamburg reported extra demand this week.
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24 Jun Fuel and lube test kit supplier launches new website
Kittiwake launches new corporate website with easier navigation, greater depth of technical information and improved search functionality.
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24 Jun TNK-BP: Russian export duties help boost trading margins
TNK-BP's VP for trading and logistics has said that while it is in Russia's best economic interests to reduce taxes, as taxation is not an incentive to increase production, the current regime can be exploited to increase oil companies' trading margins.
In Full
24 Jun Trader expects volumes to surge nearly 50% in 2005
Oil trading arm of the SK Group is expecting to see its trading volumes surge almost 50% this year as the company continues to make a striking recovery from an accounting scandal in 2002.
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24 Jun Russian bunker company builds two oil terminals
Russian bunkering company will have two oil storage terminals boasting a combined storage capacity of 32,000 metric tonnes by 2007.
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24 Jun Middle East companies join hands to protect environment
Two Middle East companies have signed an agreement to provide swift and joint oil spill clean up and containment response in the region.
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24 Jun Asian shipowners seek greater influence
The Asian Shipowners Forum (ASF) may need to establish a more permanent group if Asian owners want a greater voice in international maritime affairs.
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23 Jun Oil pierces $60 barrier, settles just under
Crude settles off highs after rallying on continued fears of global over-demand; markets overlook smaller than expected US inventory draws.
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23 Jun MARPOL sampling location clarified in Panama
A more flexible approach adopted but bunker suppliers guided by shipowner requirements.
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23 Jun LA dockside times reduced in decongestion drive
Port authorities easing shore-based congestion, but bunker suppliers say business will be unaffected by quicker turnarounds.
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23 Jun Energy shortage could see Huangpu fuel oil imports double
Fuel oil imports into southern China's Huangpu could double in June as a massive energy shortage is set to hit the region between July and September.
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23 Jun Triton announces expansion into new markets
Turkish branch of Triton has established direct links with marine fuel suppliers in Libya, North Africa, and in Baku in the Caspian Sea.
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23 Jun Trinidad: Coast guard refutes oil spill claims
An oil spill resulting from a chemical tanker explosion in Trinidad has left officials baffled as to the source of the spill.
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23 Jun Scotland: Company defends unpopular STS plans
The company behind ambitious plans for a ship-to-ship transfer operation on the Scottish coast has hit out against opponents of the scheme, after two local councils recently rejected the proposal on environmental grounds.
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23 Jun Outlook tight and firm in Rotterdam
23 Jun Indian Oil Corp targets Singapore Petroleum Company
Officials at Indian Oil Corp. have said that the company is eyeing a 26% stake in Singapore Petroleum Company, with a possibility of assuming management control in the future.
In Full
23 Jun Fuel oil on detained tankers 'clearly legal'
State oil company Pertamina has confirmed that fuel carried on three tankers detained by the Indonesian Navy last week was in fact legal.
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23 Jun Singapore fuel stocks fall, bunker demand stays soft
Several Singapore traders predict below-average bunker sales volumes this month as high prices is hurting spot sales.
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23 Jun Busan: Gains in container traffic, dips in bunkering
South Korea's Busan port had a slight increase in container traffic last month, but traders said bunker sales volumes are expected to fall this month due to uncompetitive prices.
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23 Jun Police foil attempt to sell tanker's diesel
Malaysian police have arrested a man accused of plotting a hijack on an oil tanker and planning to sell off its marine diesel
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23 Jun Singapore: Enough suppliers to meet bunker demand
The MPA says the number of bunker suppliers is enough to meet bunkering demand in Singapore and there is no need for more new players for the time being.
In Full
23 Jun US bunker market watchful despite crude slip
North American suppliers factoring 'floating rates' to allow for crude volatility in July deliveries.
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22 Jun Swedish Shipowners Association & PWC push for emissions trading
The Swedish Shipowners Association, in conjunction with consultancy firm PricewaterhouseCoopers, has been developing a scheme for emissions trading from ship sources in Europe, arguing such schemes can offer a faster, more effective reduction of emissions compared with regulations and punitive taxes.
In Full
22 Jun Oil rally falters despite US inventory decline
Crude oil rally falters after smaller-than-expected drop in US crude oil stocks and Norwegian oil worker strike is averted, but some believe fund-buying and geopolitical events could soon prop up prices again.
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22 Jun DOE & API at a glance: Latest US inventory figures
Figures vary widely, but overall trend shows falling crude stocks as product inventories rise.
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22 Jun Bunker Holdings announces new director
A new director has been appointed to the Greek office of Bunker Holdings, which is also making good progress towards expanding its bunker supply operations in Russia.
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22 Jun Tallinn: New CEO for NT Marine
22 Jun Tight prompt supply persists in quiet ARA market
22 Jun Chennai port gears up to combat oil spills
India's Chennai port will soon be better able to handle oil spills of up to 100 metric tonnes within its port waters through the setting up of an oil spill response facility.
In Full
22 Jun Showa Shell expects more Saudi crude and higher bunker sales
Showa Shell is expecting to have access to large volumes of light-grade crude from Saudi Arabia, and bunker fuel sales to jump in July on the back of strong supplies.
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21 Jun Panama Canal container volumes show slower growth
Reduced container volumes through the canal but bunkering market unaffected.
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21 Jun Valero refutes 'irresponsible' Platts report
US energy giant and bunker supplier denies claims that it sold a 250,000 barrel cargo of fuel oil into the US Gulf cargo market because of "major coker maintenance" at the company's Aruba refinery.
In Full
21 Jun Lukoil VP: Russian taxes stifling oil sector growth
Russian oil giant Vice President tells Bunkerworld that Russian regime needs to rethink taxation policy, which he claims is stifling oil sector growth.
In Full
21 Jun PRAXIS: Daily bunker market report (Tuesday)
21 Jun Danish shipping group employs new Bunker Manager
21 Jun EU emissions trading moves toward full scope
EU emissions trading system is moving towards full participation, but exclusion of transport and other sectors from the scheme means it will only cover about half of total greenhouse gas emissions.
In Full
21 Jun ARA stays firm on tight prompt supply
21 Jun Limited impact expected from revised ISO 8217 standard
The new standard will offer buyers better protection against unwanted substances in bunker fuels, but DNVPS does not expect a major rise in recorded incidents of off-spec fuels.
In Full
21 Jun Energy think tank says OPEC has lost its credibility
London-based energy think tank has said in reports that OPEC has lost its credibility as a guarantor of oil price stability following record high oil prices.
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21 Jun Hong Kong's bunker market muted after crude rally
Hong Kong's trading hours yesterday saw light demand for bunker fuels and most fixed deals were below indicative prices.
In Full
20 Jun US markets bullish as crude continues to soar
Bunker prices firming in the US, but local factors still affecting markets.
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20 Jun Reports: Sempra suspended from Singapore trading platform
US cargo trader Sempra Energy has been suspended from the trading platform widely used to assess Singapore fuel oil cargo values - which also affects bunker prices in Singapore and Fujairah, reports claimed today.
In Full
20 Jun Crude record fails to translate into Asian bunkers
Singapore clocks up only moderate gain in fuel oil values as limp Chinese imports, growing supply and falling shipping volumes into China hits the region's bunker market.
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20 Jun PDVSA signs Chinese fuel oil supply deal
PDVSA has signed a contract to sell China's largest oil company 30,000 barrels per day of fuel oil for a year.
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20 Jun Japan: Ample bunker fuel but few takers
A fuel oil glut forming in Japan has gradually pushed bunker prices down from early May.
In Full
20 Jun ARA on firm footing following crude gains
20 Jun Asian bunker prices set to rise with crude gains
Traders said bunker fuel prices in major Asia ports - Singapore, Hong Kong, Japan and South Korea - are expected to increase by as much as $10 per metric tonne today following gains in crude oil prices.
In Full
20 Jun Crude prices touch new all-time high
Crude oil prices closed at a new all-time high on Friday following concerns over fuel supplies and the closing of the US embassy in Nigeria.
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17 Jun North American market braced for price rises
Suppliers expecting prices to firm on the back of rising crude, but market stays steady in key ports today.
In Full
17 Jun Report: Marine fuel smuggling rife in Turkey
Government report claims up to 800,000mt of marine fuel smuggled into country every year from neighbouring countries.
In Full
17 Jun Rotterdam barging "next to impossible" as congestion chokes port
Despite new terminal launches this year, delivery schedules described as a "total mess" amid buyer calls for more storage access.
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17 Jun List of chemical components in bunkers 'virtually endless'
DNVPS boasts an unparalleled pool of fuel testing data and firmly believes the company has the know-how to make full use of modern technologies, yet the world's biggest fuel testing agency maintains a cautious approach to routine screening of fuels for unusual contaminants.
In Full
17 Jun Polish marine distillates turn green
New rule, requiring green dye to be added to marine distillates, is believed to be an effort by Polish tax authorities to prevent black market sales of these products.
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17 Jun Chemoil to launch 'new generation' bunker barge in New York
Chemoil says New York's growing bunker market will see the imminent arrival of what it claims is the first 'new generation' bunker barge to be announced in any major US port.
In Full
17 Jun ARA market firms further Friday morning
17 Jun Indonesia: Police seize ship on suspicion of illegal supply
A ship was seized by Indonesian police for allegedly trying to supply diesel fuel to foreign industry.
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17 Jun 20 newbuilds to boost UAE owner's bunkering fleet
UAE-based company is adding 20 new bunkering tankers to its fleet with deliveries starting from next year, reports said.
In Full
17 Jun Increased output unlikely to cushion oil prices
OPEC officials reiterate that higher quotas are unlikely to push down oil prices due to refinery bottlenecks and lack of spare production capacity.
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16 Jun 2,500 mt barge operational in Libya
Alshic Bunkers has announced that the 2,500 metric tonne capacity barge Yukan is now operational for deliveries in the Gulf of Sirte, Libya.
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16 Jun Total mulls refinery deal to enter India's oil retail sector
Total is hoping to enter a refining joint venture in India's rapidly growing energy market, with an eye to gain access to the country's retail market.
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16 Jun Titan/Glencore may boost volumes after ending fuel oil deal
Titan will take over full use of its Malaysian floating bunker storage facility next month, currently mainly used by Glencore, as both companies look to boost their bunkering and fuel oil trading volumes in the region.
In Full
16 Jun Singapore fuel oil stocks at three-month peak, bunker sales soft
Singapore traders report soft spot bunker demand and forecast below average sales of gas oil this month.
In Full
16 Jun South Korea: Weak demand keeps prices little changed
Weak demand seen in Korean ports this month has kept bunker fuel prices largely steady, traders said, also noting uncompetitive levels compared to Tokyo.
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15 Jun Enquiry frequency dwindling in Houston
Limited demand reported in Houston as shipowners hold back and summer months begin.
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15 Jun DOE & API at a glance: Latest US inventory figures
Government figures reveal lower crude stocks as refineries boost production, achieving build in distillate inventories.
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15 Jun More OPEC oil fails to impress market
Oil prices continued firm Wednesday as the market mulled a potential supply squeeze later in the year.
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15 Jun SMP: LSFO supply strategy a major challenge
How do you plan your low sulphur fuel oil supply strategy when demand patterns are still an unknown quantity? And just how much will LSFO prices rise when demand grows with the introduction of SECAs?
In Full
15 Jun Rotterdam market stays firm
15 Jun PRAXIS: Daily bunker market report (Tuesday)
15 Jun China: Cargo arrivals may not soften bunker prices
Large amounts of fuel oil cargoes flowing into South China's Huangpu port may not necessarily bring bunker prices down, traders said.
In Full
15 Jun Dubai promotes futures exchange idea to Petronas
The Dubai Mercantile Exchange is promoting the idea of participating in West Asia's first energy futures exchange to Petronas and other major regional oil producers.
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15 Jun Pirates seized onboard Malaysian tanker
A Malaysian tanker, which was carrying diesel from Port Klang, became the scene of a stand-off between heavily armed pirates and marine police in the Malacca Strait.
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14 Jun Freeport dry for a week following giant stem
PDVSA Deltaven advises that key Bahamas port is currently out of avails with no replenishment stocks due for a week.
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14 Jun More transparency in fuel costs sought
Asian Shippers' Council seeking clearer justification for freight rate increases.
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14 Jun Saudi oil minister: "Build refineries" to soothe oil markets
As OPEC leans towards a modest quota increase, the Saudi oil minister says more refineries must be built to address the shortage in distillate supplies, which is driving oil prices.
In Full
14 Jun Classification societies reach agreement on common rules
The world's ten major classification societies have agreed on an implementation date for the introduction of so-called "common rules" for tankers and bulk carriers.
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14 Jun SMP develops new lube for use with low sulphur fuels
Responding to the concerns of ship operators and the changes in sulphur emission control regulations, Shell Marine Products (SMP) has launched a marine lubricant designed specifically for engines burning low sulphur fuel oil.
In Full
14 Jun ARA sharply higher after crude jump
14 Jun Salvage tug sustains damage attempting to float grounded bulker
A salvage tug sustained damage after it tried to recover the grounded Kiperousa, which is still carrying bunker fuel onboard.
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14 Jun US oil spill fund awaits boost
US Senator Ted Stevens is seeking to boost the US oil spill fund and to maintain a fund balance of between $2 billion and $3 billion.
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14 Jun Malaysia's anti-piracy force to be launched in November
The new Malaysian Maritime Enforcement Agency (MMEA) aimed at fighting piracy will be launched in November.
In Full
14 Jun Oil prices jump $2 ahead of OPEC meeting
Crude oil prices jumped by more than $2 in New York last night ahead of OPEC's meeting in Vienna tomorrow.
In Full
14 Jun Distillate supply fears shake market
Concerns refiners will be unable to meet surging global demand for distillate fuels sends oil, marine distillate prices up.
In Full
13 Jun Light demand for bunkers on US west coast
Ships in port in Los Angeles but suppliers not seeing enquiries coming in.
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13 Jun Fuel costs force Canadian ferry operator to seek surcharges
BC Ferries to impose passenger and vehicle surcharge to cover high fuel costs.
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13 Jun Brand new tanker to service Portland bunker station
Southampton-based tanker operator Crescent Tankships, which is set to double its fleet with new-builds by mid-2007, expects its newest tanker to begin service for BP Marine in Portland shortly.
In Full
13 Jun Significant international interest in Turkish bunker venture
Turkish Petroleum distributor Petline has said that it has already received significant international interest for its proposed joint venture bunker operation in Turkey.
In Full
13 Jun Bunkering company established in Tokyo
A Japanese company called International Bunker Services K.K. (IBS K.K.), part of a huge Danish shipping and bunkering group, has recently been set up in Tokyo.
In Full
13 Jun Rotterdam barges heading higher at midday
13 Jun Hong Kong: Impending cleanup works may affect bunker supplies
Major maintenance and cleanup works on bunker fuel tanks are expected to commence this month leading to possible tightness, market sources said.
In Full
13 Jun Crude prices fall after passing storm
The passing of Tropical Storm Arlene with minimal disruption to US oil supply from the Gulf of Mexico sent crude oil prices falling below $54 in New York on Friday.
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13 Jun NYMEX and Dubai sign partnership to build futures exchange
NYMEX and Dubai have signed a deal to build the first energy futures exchange that will also offer futures trading in marine oil at the port of Fujairah in the Middle East.
In Full
11 Jun US operator raises surcharge in line with bunker levels
"The impact of fuel prices on Matson's business remains a cost factor we cannot simply absorb," warns company Vice President..
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10 Jun Light demand keeps suppliers competitive in US Gulf
A quiet week has seen prices soften as suppliers keep close eye on crude movements and tropical storm forecasts.
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10 Jun PRAXIS: Daily bunker market report (Friday)
10 Jun Ferry operator to appeal "severe" pollution sentence
Corsica Ferries to appeal against what it calls "a severe interpretation of the law" after the master of one of its vessels was found guilty of pollution offences.
In Full
10 Jun Reports: Marpol regulations prompt cargo dispute in Singapore
A fuel oil cargo trade has turned sour after a trader failed to fix a suitable tanker in time for loading dates.
In Full
10 Jun Ship-Service says core business not affected after fraud charges
Polish bunker supplier Ship-Service SA issued a statement today regarding the continuation of the company's bunker operations despite the arrest of the company's president for fraud and reports that the major shareholder PKN Orlen SA wishes to sell the company.
In Full
10 Jun ARA market firmer with crude
10 Jun Cosulich launches first double-hulled barge
Fratelli Cosulich's first double-hulled barge has been launched from a Chinese shipyard, expected in Singapore soon.
In Full
10 Jun Bid reopens for Inchon refinery
Inchon Oil Refinery continues to be a strong supplier of bunker fuel in Inchon port, traders said, despite the reopening of a bid to sell the company.
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10 Jun Reports: Polish supplier for sale, chief arrested
Polish news wires reported last week that the country's largest bunker fuel supplier Ship-Service is up for sale after its chairman was arrested on two charges of fraud.
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09 Jun Limited demand prompts softening in Pacific Northwest
With good avails, limited demand, and uncertainty over crude prices, suppliers were competing to move product.
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09 Jun Bunker supplies replenished as strike is averted
Proposed 10-day strike at key feeder refineries to the Greek bunker market averted.
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09 Jun Shipowners face extra costs in the US from MARPOL ripple effect
Bunker suppliers in the United States are meeting shipowners' MARPOL Annex VI requirements for documentation and sampling, but advise of extra cost for onboard inspectors and are concerned about safety.
In Full
09 Jun Crude oil rebounds on fresh supply worries
Crude oil prices rebounded today after three straight days of losses as attention once again switched to the ability of producers to meet the demands of refiners.
In Full
09 Jun PRAXIS: Daily bunker market report (Thursday)
09 Jun Salvage crew to attempt refloat with bunkers still onboard
The South African Maritime Safety Authority (SAMSA) has said that an attempt will be made to refloat the grounded bulk carrier Kiperousa without removing the fuel on board the ship.
In Full
09 Jun Rotterdam market stable ahead of Midday
09 Jun Aegean expands further with new US office
Rapidly expanding Aegean Marine Petroleum SA boosts global presence with new office in the US.
In Full
09 Jun Singapore: Fuel oil stocks dip, middle distillates plunge
09 Jun Oil prices fall more than $1 per barrel
Crude oil prices fell more than $1 to close below $53 on Wednesday despite a three million barrel draw for for crude oil reported in the latest DOE report.
In Full
09 Jun BP blast settlements to be swift
Claims from the survivors of the BP Texas City refinery blast could be settled as early as next week, a lawyer representing families of the victims said yesterday.
In Full
08 Jun PRAXIS: Daily bunker market report (Wednesday)
08 Jun STS transfer operations suspended at Port Salalah anchorage
Ship-to-ship (STS) transfer operations have been suspended at Port Salalah anchorage for the duration of the monsoon season.
In Full
08 Jun IMO: Bunker sampling guidelines not mandatory
IMO representative confirms to Bunkerworld that the bunker sampling guidelines, set out for MARPOL Annex VI, are not mandatory.
In Full
08 Jun Asia: July fuel oil arrivals reach 2.6 million mt, more expected
July fuel oil arrivals into Asia reach 2.6 million metric tonnes, with traders expecting yet more fixtures as the arbitrage window remains open.
In Full
08 Jun Rotterdam stable after soft start
08 Jun Russian supplier targets increased volumes with expansion
Russian supplier targets significant sales growth with the acquisition of a new barge and further expansion into new port areas.
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08 Jun Guilty plea secures corrupt manager more lenient sentence
Former general manager of Lungshan Petroleum, Michael Han was let off lightly compared to sentences handed out to managers of other firms found guilty of corruption.
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08 Jun OPEC may increase output, oil prices fall
Crude oil prices slipped on Tuesday following comments made by the president of OPEC on suggesting an increase in oil output levels.
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07 Jun Australian court hands down record pollution fine
Shipowner receives $180,000 fine and offers apology to Australian people.
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07 Jun Bunkerworld announces Americas' bunker conference
San Francisco forum receives universal support as the eyes of the world turn from Europe to the Americas and Pacific Rim and those regions' plans to secure sustained low emission fuel and long-term economic growth.
In Full
07 Jun PRAXIS: Daily bunker market report (Tuesday)
07 Jun Intertanko IMO submission highlights Marpol VI bunkering issues
Intertanko has made a submission to the IMO highlighting that the onus should not be on ships, but rather on bunker suppliers, to guarantee that the fuel in their tanks is compliant with the requirements of Marpol Annex VI.
In Full
07 Jun Owners advised to stay away from Mexican port
Bunker supplier advising customers that they face risks of service delay in Tampico and Altamira.
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07 Jun East Asia: July fuel oil arrivals still climbing
Fuel oil arbitrage cargoes expected to arrive into East Asia in July continue to climb, while June arrivals are expected to reach two million metric tonnes.
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07 Jun OPEC official appointed new head of Tamoil
Libya's OPEC governor appointed head of Tamoil, downstream operator in Europe comprising bunker operations.
In Full
07 Jun Proposed rail link to transport bunkers to Fujairah
Focus of project between three Emirates is to bring bunker fuel from Ruwais to Fujairah, and to promote the planned launch of a Fujairah bunker futures contract.
In Full
07 Jun Japan: Retroactive bunker fuel price eases in May
The retroactive price for 180 cst bunker fuel in May, agreed between Nippon Yusen KK and Nippon Oil Corp, has eased from the all-time high in April.
In Full
07 Jun Scrubber manufacturer signs new partnership
Scrubber manufacturer Marine Exhausts Solutions has signed a new partnership with a European shipyard to cut bunker fuel sulphur emissions with EcoSilencer technology.
In Full
07 Jun Oil slick spotted and four feared dead after Indian vessel sinks
A large oil slick was spotted off the East Coast near the Sandheads area in the Bay of Bengal and four people are feared dead where an Indian vessel had sank.
In Full
06 Jun IMO targets bunker barges for ISPS compliance
Maritime body may look to expand its security code to cover bunkering barges operating in ports as security threat from smaller vessels come under scrutiny.
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06 Jun Bureau Veritas Group profits up
Classification society reports 17% increase in earnings before interest, taxes and amortisation for 2004.
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06 Jun Crude markets slide after reaching 16-week high
Crude oil markets declined today after reaching a sixteen week high, analysts remain split over the longevity of such price direction.
In Full
06 Jun Asia fuel oil gains pared by supply concerns
Asian fuel oil prices rose today on the back of Friday's crude gains, but commentators noted that gains were pared by concerns of rising supplies for June and July.
In Full
06 Jun Bunker trader expands to Latin America
Piraeus-based Brilliant Maritime Services Ltd. (BMS) has opened a new office in Buenos Aires, Argentina, the company's first expansion into a new region and time-zone.
In Full
06 Jun Trader returns to Dan-Bunkering
06 Jun Petrojam refinery upgrade to ensure long term survival
The first phase of the refinery-upgrading project will see a conversion of heavy fuel oil into higher valued products such as vacuum gas oil for sale on the export market.
In Full
06 Jun Greece: Commercial Manager leaves Baluco
06 Jun New DNVPS R&D unit marks 'beyond routine' approach
A new research and development (R&D) unit in Fujairah and consolidation in the US and Europe mark a drive by DNV Petroleum Services to move beyond routine marine fuel testing services through a global network of sophisticated research units.
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06 Jun Rotterdam firm Monday morning
06 Jun Dubai plans for maritime arbitration centre
Dubai plans to set up a maritime arbitration centre to resolve maritime disputes in a faster and more economical way.
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06 Jun Petronas likely tenant for bunker storage facility
The principal tenant for the bunker and fuel oil terminal facility at the Port of Tanjung Pelepas is likely to be Malaysia's state oil company Petronas.
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06 Jun Crew member missing after Malaysian ship sinks
Crew member missing and oil traces visible after a Malaysian bulk carrier sank last Saturday following a collision with a Taiwanese container ship outside the Singapore Strait.
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03 Jun RINA takes environmental lead with new certifications
Italian classification society certifies new innovative environmental technologies aimed at reducing vessel emissions and enhancing marine pollution prevention standards.
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03 Jun Pacific Northwest cruise season sees bunker volumes soar
As the season enters its peak period, sales volumes in Vancouver rise, but suppliers face stiff competition from Seattle.
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03 Jun New research aims to find 'weaknesses' in Panama market
Results from research expected to identify weaknesses in the industry in order to implement improvements in competitiveness.
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03 Jun Algeciras: Port Authority selects bid for new terminal
The Port of Algeciras has selected an offer for its tender to build a new oil storage facility at the port to increase competition in the region's bunker market.
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03 Jun World Fuel Services declares quarterly dividend
03 Jun New bunker terminal inaugurated
BP Marine and Portland Bunkers International (PBI) officially inaugurated the Portland Terminal yesterday, expressing high hopes for the future of the bunkering project which offers a weather-sheltered fuelling option within easy reach of the main shipping lanes in the English Channel.
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03 Jun MPA: Bunkering initiatives boost sales volumes
The Maritime and Port Authority of Singapore (MPA) said today that initiatives and measures such as its Accreditation scheme for Bunker Suppliers have helped Singapore's thriving bunker industry to grow.
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03 Jun Japan: Kyushu tight on bunker fuel supplies
The western part of Kyushu, Japan, is facing tight supplies of bunker fuel as Kyushu Oil refinery undergoes maintenance until mid-June, Japanese traders reported.
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03 Jun Aegean expecting 30 double-hulled bunkering ships
Aegean Shipping Management will be expanding its fleet with up to 30 new double-hulled ships to cater to its bunkering services.
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03 Jun Kidnap-for-ransom attack in Malacca Strait
Pirates have kidnapped a Thai captain and crewman in the Malacca Strait, demanding a ransom in return for their release.
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02 Jun DOE & API at a glance: This week's US inventory data
02 Jun Financiers warming to barge building
The bunker industry is turning increasingly toward an environmentally sound future. An array of legislation will in the future place more restrictions on how bunker suppliers deliver their product. As always though, legislation comes with a price tag...so what do Singapore's barge operators and banks have to say about the costs of upgrading the fleet?
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02 Jun Rotterdam firm with crude
02 Jun Singapore stocks of middle distillates near record levels
02 Jun Singapore: April bunker sales highest this year
Singapore bunker sales figures for April were the highest this year, increasing about 800,000 tonnes compared to March, according to the latest statistics from MPA.
In Full
02 Jun Seven bunker suppliers barred from island state market
With the lapse of MPA's deadline for meeting its Accreditation Scheme for Bunker Suppliers (ASBS) requirements yesterday, seven bunker suppliers were barred from selling bunker fuel.
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02 Jun World oil prices back to high levels
World crude oil prices surged over $2 per barrel yesterday after the US driving season officially kicked off, raising concerns over US gasoline supplies.
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01 Jun Fuel and engine limitations to fast ships concept
Maritime audience told that faster vessels and will not deliver shipping benefits.
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01 Jun USEC prices defy market trends
Bunker prices on the USEC remained soft today, despite firming markets elsewhere and rising crude prices.
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01 Jun Bunker fuel costs pressure Chinese shipping company
Analysts express concern over Cosco's share offer and warn of a cyclical downturn due to risk of rising fuel costs and falling freight rates.
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01 Jun BA bunker alert reveals high levels of contamination
A bunker alert for the Buenos Aires area has revealed that several recent fuel samples from the port contained high levels of sodium, cat fines and elements associated with waste lubes contamination.
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01 Jun Open fuel oil arbitrage window to help balance ARA market
Amsterdam-Rotterdam-Antwerp (ARA) inventories surged 61% last week, but an open arbitrage to the Far East has prompted market sources to predict a balanced market in the ARA.
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01 Jun Singapore: Supplier accreditations total 75 as deadline passes
The deadline for bunker suppliers in Singapore to meet the requirements of the MPA's accreditation scheme lapsed yesterday with the total number of fully accredited suppliers standing at 75
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01 Jun Bunker sulphur cap on agenda in Tokyo
The Tokyo metropolitan government is negotiating with industry bodies about plans to reduce emissions from an estimated 34,000 ships that enter Tokyo Port annually.
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01 Jun Singapore: Vopak increases oil berths to meet bunker demand
Royal Vopak will invest in building more oil berths to meet the heavier bunker fuel consumption in Singapore.
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01 Jun Largest double-hulled bunkering tanker in Singapore soon
Singapore supplier expects largest double-hulled tanker in the region to be in operation from July.
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01 Jun Singapore: New chief executive for MPA
The new chief executive for the Maritime and Port Authority of Singapore has taken over the helm from today.
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