News Archive Jun 2006

30 Jun New pollution fines handed down
PGM paying $1.5 million for magic pipe offences, barge company facing fines for fuel spill.
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30 Jun PMSA supports emissions reduction plan
Shipowner and industry group reaffirming 'commitment' to improve California air quality.
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30 Jun Fuel with off-spec density noted in Rotterdam
Fuel samples with above-spec density also displayed potential ignition and combustion difficulties.
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30 Jun DNVPS alert on fuels in breach of SOLAS
Bunker Alert goes out after several Novorossiysk fuel samples fail flash point test.
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30 Jun Bunkers Convention moves closer to implementation
UK joining others in convention requiring vessel insurance for bunker spill liabilities.
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30 Jun FAMM announces new lube for low sulphur environment
New low BN lube available at major European ports and selected ports worldwide, and will be rolled out to other areas as demand increases.
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30 Jun Rotterdam quiet but firm at midday
30 Jun Hong Kong: Tight barging schedule on healthy demand
Tight barging schedule expected over the weekend until July 4.
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30 Jun Glencore acquires record volume of 380 cst in Singapore
Swiss trader's purchases said to make up 84% of the total volume of 380 cst traded on Platts screens so far in June.
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30 Jun Crude prices rise on fears of US gasoline shortages
Drop in US gasoline stocks has triggered concerns over a shortage of summer fuel supplies in the country.
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30 Jun Reports: ExxonMobil to start 500 cst trials in Hong Kong
Sources in the market say supply on a trial basis will start during July, while some local players question the transport capacity.
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29 Jun Lake Charles remains closed
Coast Guard not putting a date on reopening as clean up continues.
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29 Jun LA, Long Beach: 0.2% distillate fuel mandatory by end of 2006
Implementation to proceed rapidly but will depend on new leases and marine gasoil availability.
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29 Jun Rosneft acquires Russian Far East oil port
Russian state oil company finalises deal to acquire the largest specialist commercial seaport on Russia's Pacific coast, including bunkering station.
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29 Jun St. Petersburg port to close for G8 summit
The port will be closed to sea traffic for five days.
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29 Jun Russian oil export duties to rise from August
Higher crude oil prices to push Russian oil and oil product export duties to fresh record highs.
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29 Jun Singapore residual stocks lower, sharp build in distillates
29 Jun Rotterdam barge trade offers rise above Antwerp
29 Jun Hong Kong bunker players set July term barrel premiums
Bunker players set premiums of $16-19 pmt over MOPS 380 cst assessments for July term bunker barrels.
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29 Jun Singapore: Active bunkering market lifts oil imports
Active oil trading market and marine bunkering lifted oil imports by 11% last year.
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29 Jun Malaysia's anti-piracy agency commences operations
Launched in November 2005, the Malaysian Maritime Enforcement Agency started operations last week.
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29 Jun Singapore market firms along with crude
Demand picks up ahead of the weekend, berth congestion persists at oil terminals.
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28 Jun Houston firms on quiet trading
Gulf port back at $300 with below average demand and bullish crude.
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28 Jun New ship fuel rules for LA, Long Beach
Details of new cooperative approach revealed, including far-reaching fuel restrictions.
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28 Jun DOE: US stocks of crude and gasoline drop
Latest US oil inventory report shows draw in crude and gasoline stocks.
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28 Jun Environmental watch around grounded ship
Powerful salvage tug headed for container vessel grounded just outside East London.
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28 Jun Fuel specialities firm to boost production
Expansion of German plant will raise output of Ferrocene, a component of products claiming to improve combustion and reduce emissions.
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28 Jun Rotterdam market mute as figures firm
28 Jun Singapore bunker players agree on Q3 term barrel premiums
Players agree on premiums of $3-6 pmt over MOPS 380 cst assessments for term cargoes in Q3.
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28 Jun Oil prices rise above $72
Oil prices gain on US refinery disruption, strong energy demand from China.
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28 Jun Hong Kong: ExxonMobil looking to supply 500 cst
The company plans to introduce 500 cst into the market between September and December this year.
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27 Jun New California port emissions plan signals historic cooperation
Los Angeles and Long Beach announce 'hundreds of millions of dollars' to reduce pollution in a new joint effort.
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27 Jun 'Unsatisfactory' Maersk result blames bunkers
Fuel costs fingered for contributing to revised profit forecast for shipping giant.
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27 Jun Houston Port confirms emissions plans
Port authority studying new technologies and cleaner fuels, but on-road emissions will be first target.
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27 Jun Association claims progress for Russian bunker market
Russian bunker association approves major principles for a code of ethics and establishment of supplier register.
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27 Jun UAE: Oil boom requirement coming into force
Oil booms will be mandatory for bunkering and oil cargo operations in ports under the Sharjah Port Authority.
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27 Jun Football fever interrupts play at Petrobras again
Brazilian bunker supplier's office takes a break during World Cup game.
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27 Jun Rotterdam tracking higher crude
27 Jun Hong Kong to face tight supplies in July
Bunker supplies expected to be tight during the first half of July due to a drop in fuel oil cargo arrivals.
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27 Jun Singapore bunker suppliers report tight avails
Congestion noted at the terminals while bunker demand subsides on firmer prices.
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26 Jun Petrojam benefits from supply deal with Aegean
Jamaica's refinery company currently enjoying steady sales figures but looking to low sulphur in the future.
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26 Jun Gulf waterway open, Lake Charles still closed
Intracoastal Waterway open to barge traffic but spill clean up still keeping Lake Charles bunkering shut down.
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26 Jun UAE: Vessels at anchorage to pay levies
Port authority says it will levy charges for vessels using its anchorage areas off Khor Fakkan and Kalba for bunkering and other services.
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26 Jun Location, Location, Location
A month into the Baltic SECA, many suppliers are still doing brisk LSFO business, but some wonder where demand went.
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26 Jun Hong Kong suppliers expecting improved demand this week
Bunker demand has picked up since two weeks ago and players anticipate higher demand this week.
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26 Jun Rotterdam starts week on firm note
26 Jun New Zealand: No signs of oil spill from grounded vessel
The fishing vessel was carrying diesel in its tanks.
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26 Jun Malpractice observed during fuel oil transfer in Hong Kong
Incorrect fuel oil transfer operation between two oil barges could lead to potential fire and oil spill hazard, the Hong Kong marine department warns.
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23 Jun New barge boosts Argentina fleet
Risler introducing additional capacity with locally-built double-hulled vessel.
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23 Jun Ship channel closure disrupts US Gulf barge traffic
Lake Charles channel and Intracoastal Waterway closure keeping ships out and barges in until next week.
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23 Jun India: Bunker pollution danger over
Bunkers removed from bulk carrier wreck, earlier pollution reports dismissed.
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23 Jun New bunker trader for O.W. Bunker in Asia
23 Jun NYMEX to introduce Singapore 380 cst futures
The contract is expected to be launched in September 2006 and will be the first to offer physically delivered 380 cst products in Singapore.
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23 Jun Rotterdam braced for gains after soft start
23 Jun The testing businesses of bunker fuel management
Viswa Lab has been working to promote Total Fuel Management and other new concepts as the bunker testing industry expands its scope.
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23 Jun Australian government wins legal contest for bunkers
Court rules in favour of the Australian government to seize a vessel's bunkers, leaving supplier with no right to the fuel.
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23 Jun MPA urges the use of Material Safety Data Sheets
Singapore's port authority urges the shipping community to provide Material Safety Data Sheets for MARPOL Annex I cargoes and marine fuel oils.
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22 Jun Texas supports California emissions rule
State authority approves ship auxiliary engine controls for further analysis but may favour cold ironing.
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22 Jun Morgan Stanley to buy Houston supplier
Energy trading company acquiring Texas-based independent as part of wider takeover.
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22 Jun Brazil closes for Cup
Principal supplier closing offices this afternoon as Brazil faces Japan.
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22 Jun Buyers warned of more lube oil price hikes
With the latest round of price increases in the marine lubricants market just completed, buyers can expect to see another rise in the final quarter of 2006.
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22 Jun Imarex goes shopping again
Norway-based maritime exchange for freight and bunker futures strengthens its power and emissions profile with new acquisition.
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22 Jun May bunker derivative trade makes gains on April
Exchange sees fewer bunker transactions but volume and value more than doubles.
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22 Jun New trader joins O.W. Bunker Group
22 Jun Oil prices rise on lower than expected gains in US inventories
World oil prices above $70 per barrel in New York, OPEC unlikely to change output quotas in September.
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22 Jun Rotterdam up with crude
22 Jun Singapore: Stocks of residual fuels and distillates down
22 Jun 11 Asian governments ratify first anti-piracy agreement
The agreement to combat piracy and armed robbery against ships in Asia will enter into force in September 2006.
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21 Jun Aggressive competition turns West Coast bearish
Los Angeles and San Francisco seeing lower prices as suppliers look to shift product and grab demand.
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21 Jun Port of Houston joins EPA emissions group
Consortium investigating projects involving alternative fuels and diesel engine controls.
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21 Jun US crude stocks swell to eight-year high
DOE report shows US crude stocks at their highest since May 1998 after latest weekly increase.
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21 Jun Sino Union on the move
21 Jun War with Iran could triple oil price
Saudi official warns of 'inferno in the Gulf' if the West were to use military force against Iran.
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21 Jun Bunker supplier launches lubricants service
Romanian bunker supplier announces establishment of new lubricants department to meet clients' requirements.
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21 Jun Chemoil acquires remainder of Dutch trading firm
Allround Fuel Trading fully acquired nearly eight years after Chemoil bought initial 50% stake.
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21 Jun Rotterdam fuel oil stable as gasoil sinks
21 Jun South Korea: Bunker demand muted as buyers hold off
Buying interest remains low despite bunker prices softening since Monday.
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21 Jun Singapore: Buyers informed of off-spec fuel by supplier
Singapore supplier informs MPA that it is in contact with the buyers of off-spec fuel to ensure the safety of the vessels, debunkering scheduled in July.
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21 Jun Shanghai Petroleum Exchange commences trial trading
The exchange started its simulated trial operation today with 380 cst and 180 cst as its trading products.
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21 Jun Global oil demand set to rise by 37%
US-based EIA predicts world oil demand to rise by 37% by 2030.
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20 Jun Panama prices follow competitors down
Bunker numbers softening in Panama as US competitor ports post new lows.
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20 Jun Crystal ups fuel surcharge
Cruise line the latest shipowner feeling the impact of rising fuel costs.
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20 Jun Suppliers sailing close to the wind on sulphur
DNVPS argues for proper supplier documentation of sulphur content and more operator-friendly interpretation of error-margins.
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20 Jun Off-spec fuel samples reported in Cape Town
A rare occurrence of abrasive fuels reported, hot on the heels of similar findings in a Baltic port.
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20 Jun Rotterdam IFOs soften further
20 Jun Rising bunker prices inflate shipowners' operational costs
Shipping companies that reaped profits in 2005 might find it difficult to repeat the feat again this year says Malaysian Shipowners' Association.
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20 Jun Singapore prices slip, demand light
Demand thin as buyers are holding back on the expectation that prices would head downwards.
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19 Jun Canada to accede to Annex VI with new controls
Transport Canada releasing amendments to local laws to allow full MARPOL compliance.
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19 Jun BP in 'green flag' ceremony
Port publicly acknowledging environmental efforts and new low-emissions tankers.
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19 Jun Five bunker players awarded US Defense contracts
Contracts worth more than $36 million awarded to US bunkering companies.
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19 Jun New bunker terminal for Mamonal, Cartagena
A joint venture bunker operation continues its expansion with the opening of a new terminal.
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19 Jun Indian offshore bunkering hopes face obstacle course
Loss of tax revenue causing state-opposition to offshore supply plans that also require multiple authority consents.
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19 Jun Rotterdam comes down with soft crude
19 Jun Japan: Avails hold up despite refinery maintenance
Bunker prices up from last Friday, refinery maintenance period expected to last until mid-July.
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19 Jun High density fuels spotted in Singapore
Three bunker fuel samples were tested off-spec last week with density values exceeding the maximum value of 991.0 kg/m³.
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19 Jun Hong Kong Shipowners Association advocates global 1% sulphur limit
The association calls for the scrapping of SECAs as part of a review of MARPOL Annex VI convention.
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16 Jun Houston drops to $300
Bunker prices going even lower in the US Gulf as bottom of market falling away.
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16 Jun Bunker prices spoil Carnival
Cruise line seeing fuel prices up over one third from last year, but future costs going down.
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16 Jun Santos avails tighten
Delivery dates stretching into late June in Brazil's main bunker port.
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16 Jun Aruba bunkering update
Valero advising of latest situation for bunkering following refinery outage.
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16 Jun New licensed supplier goes live in Singapore
After securing the first new Singapore supply licence in 3 years, Aegean starts operations today with new barge.
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16 Jun Rotterdam still softening at 11.30 local time
16 Jun High bunker costs slash net profit
Indian shipping firm announces net profits dropped 42.7% for the fourth quarter ended March 31, 2006.
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16 Jun Singapore: May bunker sales close to 2.5 million mt
Bunker sales volume in May increased by close to 20% on year and more than 12% on month.
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15 Jun Port commits $85 million to the environment
Port of Los Angeles spending 10% of budget on green projects for the coming year.
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15 Jun Senior officer resigns from World Fuel
Search begins for replacement as Robert S. Tocci decides to leave.
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15 Jun Lukoil to bid for Rotterdam refinery
Russian oil giant seeks bigger presence in European oil and bunkering hub.
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15 Jun Ship at risk granted refuge in South Africa
Authorities grant refuge to damaged vessel with 1,000 mt of fuel oil onboard.
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15 Jun Singapore: Stocks of residual fuels at 3-month high
Stocks of residual fuels over 12 million barrels, middle distillates down.
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15 Jun Dispute over development rights at PTP to be settled soon
Dispute over rights to develop bunker island and oil terminal rumbles on, but sources say resolution will be reached soon.
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15 Jun Hong Kong resolves to combat emissions from ships
Although power plants are the major source of air pollution, the government has not taken lightly the emissions from vessels.
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14 Jun Uruguay avails tighten
Local utility demand keeping fuel oil from the bunker market, but suppliers expecting improvement in coming weeks.
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14 Jun Warning for cold ironing users
German technical monitoring group says owners 'taking a gamble' without global standards.
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14 Jun DOE reports improvement in key US oil product stocks
Crude stocks fall slightly but gasoline inventories move up to 'average' of the norm.
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14 Jun Cool reception for new Shanghai petroleum exchange
Traders have expressed little enthusiasm for new Shanghai fuel oil trade opportunity.
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14 Jun Korean exchange ponders bunker fuel futures
Exchange aims to offer trade in oil products, bunker fuel under consideration.
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14 Jun Rotterdam IFO380 dips under $300
14 Jun Hong Kong: Bunker fuel shortage eases in June
Shortages of 180 cst have eased considerably from last month while barging schedules are tight for some physical suppliers.
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14 Jun South Korean shipbuilding firm fined for oil spill
Firm penalised with a daily fine of $5,000 until an oil spill cleanup is completed on Subic Bay.
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14 Jun Hong Kong supplier brings in second double-hulled barge
Independent supplier Pan Nation now has two double-hulled bunker barges of 2,000 dwt and 2,100 dwt in addition to its single-hulled fleet.
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13 Jun US bunker prices follow tumbling oil
Suppliers scrambling to drop prices as Gulf shakes off early hurricane concerns.
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13 Jun New bunkering tankage for Florida as part of new Vitol terminal
Vitol announces marine fuel facilities as part of new 2 million barrel terminal.
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13 Jun Matson receives green award
Shipowner receives Coast Guard recognition for 'environment excellence'.
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13 Jun Oil dips as investors shun commodity markets
Latest monthly IEA report says high oil prices are slowing consumption, but global demand growth continues.
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13 Jun NOL shares take hit from Lim's departure, fuel price worries
Market surprised by CEO's decision to leave NOL at a challenging time for the company.
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13 Jun Fuel removal continues from wrecked bulk carrier
Pollution appears to be limited but uncertainty about fuel remaining onboard.
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13 Jun Latest crude levels suppress Rotterdam market
13 Jun Lube producers' 'big fear' as US hurricane season begins
With inventories still not recovered and memories fresh from last year's crisis, the marine lubes industry will be on tenterhooks until the end of the US hurricane season.
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13 Jun Shanghai to trade fuel oil contracts in August
Shanghai Petroleum Exchange set to launch fuel oil forwards trading for 380 cst and 180 cst in August this year.
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13 Jun Singapore: Demand falters on rebound in bunker prices
Suppliers witnessing weak demand in market, bunker prices expected to soften.
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12 Jun Argentina suppliers react to MGO shortage rumours
Avails reported as good, but advising to book ahead during coming months.
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12 Jun Florida supplier ready for season's first hurricane
Heavy rain and storm surges predicted, but no disruptions to services yet.
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12 Jun Eight double-hulled barges for K-Sea
New York barge company outlining replacement and expansion plans.
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12 Jun New bunkering vessel celebrated in Antwerp
Oil major plans to use new tanker to service low-sulphur market in the region.
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12 Jun Rotterdam: Overall Q1 throughput stable year-on-year
The port of Rotterdam provides a number of reasons why the port failed to maintain the growth seen in 2005.
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12 Jun China: JV agreements finalised for oil and petrochemicals terminal
JV companies formed for operation of terminal and jetty facilities at new state-of-the-art complex.
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12 Jun New bunkering team member for Curoil
12 Jun Dubai exchange planning Q4 launch of fuel oil contract
New product launched at DGCX today, two new future contracts planned for Q4.
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12 Jun Crude rollercoaster pushes Rotterdam back up
12 Jun WFS declares regular quarterly dividend
09 Jun Houston prices slide further
Demand finally picking up as prices go lower, despite firming crude.
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09 Jun Refinery shutdown suspends Aruba bunkering
Valero's operation could be affected for up to three weeks following power outage.
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09 Jun New barge for New York market delivered
K-Sea launching first in a series of new builds, with four more on order.
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09 Jun UK: Fuel tanker involved in collision
Tanker continues towards UK bunkering port with its cargo after collision with another tanker in the English Channel.
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09 Jun Russia: Trade begins in homegrown oil futures
New hedging opportunity with rouble-based trade in Russian oil and oil product futures.
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09 Jun 330,000 m³ expansion to go ahead at new Rotterdam terminal
Vitol says land has already been acquired for fuel oil terminal and jetty expansion.
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09 Jun India: Call for off-shore marine diesel supply
Fishing industry pleads for offshore supply to ease crisis in the sector.
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09 Jun Japan: New record high retroactive bunker price
May retroactive bunker price hits new all-time high while spot prices point to lower June price agreement.
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09 Jun Port development spurs investment in bunkering
As momentum gathers in port's development, bunker suppliers seek to capitalise on future demand.
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09 Jun Rotterdam little changed overnight
09 Jun New training course aimed at ships' environmental officers
Training package to help officers unravel complex environmental legislation.
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08 Jun US Navy to test synthetic marine fuel
DESC calling for 300,000 mt of alternative distillate fuel, prompted by marine emissions standards.
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08 Jun New barges, fuel sources signal renewed Colombian competition
Two suppliers stepping up their market presence with a new barge and new low-sulphur fuel supplies.
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08 Jun Strike action over at Point-a-Pierre
Bunkering returned to normal as Petrotrin workers return but union leaders warn they could walk out again.
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08 Jun Antwerp operations normal after refinery incident
Total reports no further problems after refinery fire, while ARA barge market drops with crude.
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08 Jun DNV project indicates 10% cut in fuel cost, reduced emissions
Norwegian shipowner says fleet fuel savings equate to a new vessel every 5-6 years.
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08 Jun Fuel costs will hit earnings even if freight rates recover
Korean shipping firm issues profit warning as fuel costs continue to bite hard.
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08 Jun Durban distillate squeeze worries bunker traders
South Africa's biggest refinery to undergo major overhaul closures for two months, causing concern about marine fuels supply.
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08 Jun Rotterdam prices tracking falling crude
07 Jun Low-sulphur fuel draws buyers to Colombia
Supplier expanding to take advantage of fuel restrictions in Europe.
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07 Jun Aggressive pricing drags US markets down
Los Angeles and Houston leading a softening market as suppliers compete with lower prices.
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07 Jun Crude oil falls after US inventory gains
DOE figures show US oil inventory gains across the board.
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07 Jun Minoan ready to meet low-sulphur regulation
Greek ferry operator takes profitability hit during Q1, says its vessels are ready to comply with EU directive.
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07 Jun TSA to bump up surcharges during peak season
Shipping lines seek to alleviate operational cost impact in challenging business environment.
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07 Jun Rotterdam continues downward trend
07 Jun J. Lauritzen and OW Bunker CEOs to open forum
Bunkerworld Forum: Marine Fuel Sustainability, 'The first wave - lessons from a SECA', Copenhagen, Oct 2-4, gains momentum with addition of prominent keynote speakers
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07 Jun Bunker spill threat to Indian coast still unclear
Old tar balls or big threat from broken up cargo vessel?
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06 Jun FAMM responds to rumours of its demise
Chevron Corp.'s marine fuel unit responds to rumours it is to be dissolved as a commercial entity.
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06 Jun Rail company charged over bunker spill
Canada's CN rail to appear in court over fuel train derailment in Alberta last year.
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06 Jun Canada looks to California for emissions controls
BC pondering cold ironing as a means to reduce ship pollution, especially from cruise ships.
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06 Jun Salalah: STS transfer operations suspended for monsoon season
Annual suspension of STS operations at anchorage announced.
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06 Jun Antwerp refinery fire upsets loading operations
Loading operations halted for several hours today at Total's Antwerp refinery, impact still assessed.
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06 Jun BP: Ceyhan Marine terminal exports first Azeri crude cargo
Turkish bunker suppliers waiting to consider reinvesting in Ceyhan bunker operations as new crude oil pipeline and export terminal gather momentum and tanker traffic.
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06 Jun Bunker spill possibly exaggerated but still a threat
Mixed reports emerge about seriousness of bunker spill from split-in-two cargo ship.
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06 Jun Rotterdam firm after holiday
06 Jun DNVPS looks beyond the laboratory
Managing Director Per Holmvang explaining the rationale behind DNVPS' latest push to improve bunkering strategies far beyond the firm's traditional realm.
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05 Jun Corpus Christi reopens after spill
Port operational after refineries' oil waste flows into harbour.
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05 Jun Alfa Laval expands Chinese facility to begin separator assembly
Expansion of facility in China, clearly signals company's intention to serve the shipbuilding industry in Asia.
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05 Jun Piraeus: Port expansion bodes well for bunkering
Piraeus recovering from decline in bunker sales, while future port growth should hold even more promise.
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05 Jun Singapore: Ignition Point resumes operations
After re-establishing its lines of credit, Singapore supplier is in the market for cargo supply after starting up its barging operations.
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02 Jun Houston leading US prices downward
One supplier grabbing bulk of business as market floor shifting lower.
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02 Jun OPEC quotas unmoved, Chávez calls for $50 floor
Oil flow to stay steady but supply worries remain, including Venezuela's production capacity.
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02 Jun New bunker tank rules could see newbuildings fast-tracked
Reports indicate that new rules on fuel tank protection could spur containership operators to fast track their new build programmes to avoid extra costs.
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02 Jun Multi-agency efforts underway to stem bunker fuel leak
Port trusts, coastguard and salvagers in team effort to stem leak and minimise effects of spill.
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02 Jun Lubmarine says industry must rise to SECA challenges
In an article for Bunkerworld magazine, Lubmarine discusses lubrication issues associated with burning low sulphur fuels, and outlines its recommendations to customers.
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02 Jun Rotterdam bunker market stable at midday
02 Jun Japan: Marine fuel production and sales up year-on-year
02 Jun Krystallon confident scrubber will work for Baltic SECA
Positive tests give Krystallon partners confidence its sea water scrubber will meet Baltic SECA requirement despite alkalinity issue.
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01 Jun California extends auxiliary engine rule timeframe
ARB granting PMSA request for additional 2 weeks for comment period.
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01 Jun Carnival cuts Aruba, blames fuel costs
Local bunker supplier expecting to see little impact from cruise line schedule change.
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01 Jun DOE & API at a glance: Latest US oil inventory figures
DOE shows gains for crude, refining and key oil product inventories, API data more mixed.
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01 Jun UAE: Oil boom requirement takes bunker industry by surprise
Sharjah Port Authority circular saying oil cargo and bunkering operations subject to mandatory oil booms.
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01 Jun Singapore fuel oil inventories plummet to 6-month low
Fuel oil market bearish Thursday despite falling stocks.
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01 Jun New bunkering station opening on Danube River
Transbunker Group continues expansion in the Black Sea bunker market with new bunkering service and terminal, with lubricants to be added to product line shortly.
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01 Jun Freight and bunker derivatives exchange to report daily trading volumes
Imarex promotes transparency in the maritime derivatives market with launch of daily volume report, urges OTC brokers to follow suit.
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01 Jun Little market action as Rotterdam sinks
01 Jun Double-hulled Golden Dragon 338 enters Hong Kong
Hong Kong supplier Soaring Dragon will take delivery of two more bunker barges by 2008.
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01 Jun Singapore: Senior bunkering staff member retires