News Archive May 2008

30 May Oil up as dollar falls
Markets reconciling 'different factors' after yesterday's big fall.
In Full
30 May Refits boost Panama fleet
30 May Mixed fuel cost message from Attica
Axing Scottish-Belgian service, blaming fuel, while Greek subsidiary promises no fare hikes.
In Full
30 May Global bunker market report
30 May Fisheries Commissioner rejects 'illegal' fuel subsidies
Says industry must restructure and become more fuel-efficient to cope with high oil prices.
In Full
30 May Rotterdam market dips
30 May Chemoil to expand Long Beach terminal
New storage facilities will be dedicated to low-sulphur fuel oil products.
In Full
30 May ECAs: Poor enforcement 'must be overcome'
Without strict compliance, rules are a 'fiction', and the damages continue, says Petrobras executive.
In Full
30 May Scrubbers in all ships 'eventually'
But shipowners have yet to agree on the technology to be adopted, says BIMCO spokesman.
In Full
30 May Shipping 'playing into the hands' of regulators
Combining different technologies could reduce ship emissions by as much as 50%.
In Full
30 May Ports should promote swift bunkering
Singapore and Fujairah will continue to draw new bunker business if smaller ports fail to allow good 'response times'.
In Full
29 May Koreans plan 22,000-TEU behemoth
Plans are afoot to build a fuel-efficient vessel larger than the Emma Maersk.
In Full
29 May Bunker prices poised to fall
Houston down today with weaker crude and further softening expected.
In Full
29 May US oil inventories fall against predictions
But markets ignore bullish report to post big one-day fall.
In Full
29 May Explosion at major Russian fuel oil producer
Officials say fuel output at plant near St. Petersburg will not be affected after deadly blast.
In Full
29 May Global bunker market report
29 May Rotterdam market quiet
29 May Chemoil opens office in Greece
New location providing 'synergies', company saying.
In Full
29 May Singapore: Residual fuel stocks continue to fall
Fuel oil inventories dip on increased demand for marine fuels.
In Full
29 May New trader for Dan-Bunkering
Additional staff for Middelfart office.
In Full
29 May Indian refiner offers 180 cst cargo for June loading
Offer made amid background of surging bunker prices and slow Chinese demand, traders say.
In Full
29 May Reduction of emissions in shipping 'manageable'
Industry expert says it is vital that the shipping sector addresses climate change.
In Full
29 May Maersk repeats backing for slow steaming
Cutting speed lowers CO2 emissions and reduces bunker consumption.
In Full
29 May Bunker industry heading to 'all distillate world'
SustainableShipping Forum told that ship operators face higher costs at a time when income streams 'may well be drying up'.
In Full
29 May IOC's marine sales up 12%
But Indian refiner posted a net loss of $96.86 million in the quarter ended March 2008.
In Full
29 May SMP sees no short-term alternative to carbon-based fuels
Head of Shell Marine Products calls for 'aggressive fuel savings measures'.
In Full
29 May Liners wary of new bunkering procedures
Any regulations that bring delays would be the 'last straw', says liner operations manager.
In Full
28 May Cruise ship fight continues
Following protest, NCL taking 'seriously' health effects of ship operations.
In Full
28 May Tanker spills down last year
New figures showing few incidents but a higher volume of lost oil.
In Full
28 May Mexican fuel oil prices higher than diesel
Unprecedented pricing situation as crude pushes IFO up but subsidies keep distillates down.
In Full
28 May Government decision 'will paralyse Russian bunker market'
Suppliers say end-of-year ban on single hull tankers puts market in impossible situation.
In Full
28 May Bunker market report from Praxis
28 May UK: Rocking for emission limits
Politicians to perform at climate change concert calling to include aviation and shipping emissions in new bill.
In Full
28 May Rotterdam bunker market dips
28 May State refiner moves to help fishing fleets
But bunker players warn that move to help fishing fleets could push up MGO prices for international traffic.
In Full
28 May June launch for Adani's new barge
The Indian supplier says rough seas mean launch date has been pushed back.
In Full
28 May Floating bunker charges boost container line's propects
Analyst says successful BAF negotiations have strengthened NOL's position.
In Full
28 May Avails 'to tighten' in June
Exports will leave less product for Tokyo's bonded bunker market.
In Full
28 May Petrobras 'looking for new bunker tankers'
27 May PDVSA out of Freeport
Oil company moving out after 28 years, future supply uncertain.
In Full
27 May Oil price warning, despite big one-day fall
IMF economist seeing implications for supply, inflation.
In Full
27 May Fuel surcharge hike cancelled
Shipping company reconsiders increasing costs in June.
In Full
27 May WTSA accelerates floating bunker surcharges
Asia-bound container traffic will be subject to full surcharges earlier than previously announced.
In Full
27 May Bunker market report from Praxis
27 May Fishermen's fuel protest spreading
Strikes that have blocked ports and fuel depots in France escalating as fishermen across Europe are mobilised.
In Full
27 May EMSA expands search for oil spill recovery vessels
New tender launched to provide cover along the Atlantic European coastal area.
In Full
27 May Barging still tight in Rotterdam
27 May Petronas Dagangan to focus on selling bunker fuel
The company previously placed little emphasis on marketing the product locally.
In Full
27 May Bunker costs to hurt Malaysian liner's results
Company warns of 'adverse impact' on current quarter's financial results.
In Full
27 May Planned upgrade could cut fuel oil production
Bahrain's only refinery hopes to build unit to convert fuel oil to lighter grades.
In Full
27 May Delay in fixing Japan's retroactive bunker price
NYK Line spokesman says he is 'not yet' able to disclose April's bunker price.
In Full
27 May Tokyo 380 cst material could reach $700 next month
Japanese suppliers expected to try to restore price premium over Singapore.
In Full
26 May Charleston cleans up
Port switching to cleaner fuel, shore power under consideration.
In Full
26 May Bunker prices to impact shipping, poll says
Survey predicting changes to schedules and slower speeds as prices stay at record highs.
In Full
26 May 'Old and outdated' port terminal to add cold ironing
Redevelopment plan including green leases to reduce pollution, boost growth.
In Full
26 May Most fuel contaminants 'can be identified'
Viswa Lab says there are not millions of chemicals, but specific types, that tend to adulterate bunker fuels.
In Full
26 May Singapore bunker prices stable
Regional bunker prices begin to drift higher against Singapore.
In Full
26 May ARA: Prompt barges remain tight
26 May Update on Panama Canal Shipboard Oil Pollution Emergency Plan
26 May South Korean refiner to up crude oil runs
June's bunker output will remain at this month's level.
In Full
26 May Chinese demand for fuel oil expected to climb
Analysts predict stronger demand in next two to three months.
In Full
26 May Port Sultan Qaboos prices on Bunkerworld
Bunker prices at the Omani port now available on Fuel Prices page.
In Full
26 May Hong Kong to enforce Annex VI
Official says Hong Kong will enforce the terms of the provisions 'no more, no less'.
In Full
26 May SMP expands in China
Shell Marine Products makes its first bulk delivery of lube oil in Shanghai.
In Full
23 May Shipping giant cuts emissions
Green focus by A.P. Moller-Maersk seeing success.
In Full
23 May Bunkers turn bullish as crude bounces back
No price relief for the US Gulf as oil resumes its climb after yesterday's pause.
In Full
23 May Bunker market report from Praxis
23 May IOC targets Ceyhan projects
Plans to partner with Turkish firm for building refinery and possibly oil marketing, including bunkers.
In Full
23 May Floating fuel fees gain acceptance
With prices soaring, TSA says bunker surcharges have taken priority in freight contract negotiations.
In Full
23 May UK: Limited impact on bunkering from new STS legislation
Maritime and Coastguard Agency says it welcomes input from bunkering industry in ongoing consultation.
In Full
23 May Rotterdam barge market tight
23 May Saudi Aramco resumes 380 cst bunker sales
23 May Supplies remain 'good' in Karachi
State oil company still able to provide residual product.
In Full
23 May Singapore loses competitive edge
Price differential against other Asian ports remains narrow.
In Full
23 May Bunker costs 'squeezing' tanker supply
Tanker operators cut vessel speeds to save fuel, putting pressure on availability.
In Full
23 May New Director at Aegean
22 May Pressure on for cruise vessels to clean up their act
Residents protest over ship emissions in Nawiliwili Harbour.
In Full
22 May Buyers balk at big bunker bills
Shipowners in the US Gulf waiting for price relief as prices soar.
In Full
22 May Bunker prices a concern for port incentive scheme
Widening differential between fuel oil and diesel prices as ports plan for distillate switch.
In Full
22 May WWL boss calls for cooperation to cut CO2 output
Car carrier known for voluntary 'green' measures says customers must accept slower sailing speeds.
In Full
22 May Bunker market report from Praxis
22 May US Senate committee passes emissions bill
Senator Boxer's bill calls for faster bunker fuel sulphur reductions than MARPOL Annex VI.
In Full
22 May Rotterdam market firming quickly
22 May Singapore: Stocks of residual fuel, distillates fall
Fuel oil inventories dip despite weaker demand from China.
In Full
22 May Singapore power group active in bunker market
PetroSeraya expects market penetration to grow.
In Full
22 May Bunker costs and strong yen to 'slash' profit
Mitsui OSK lowers profit forecast for current fiscal year.
In Full
22 May Report says bunker players under investigation
Singapore officials refuse to comment.
In Full
22 May Tsakos Energy Q1 net profit up 50%
Expects 2008 to be 'another positive year' for the tanker market.
In Full
22 May PTP supplier says business is 'picking up'
Source says likely impact of Tanjung Bin bunker hub still unclear.
In Full
22 May Supplies of 380 cst bunkers suspended
Taiwan's oil refiner says supplies of 380 cst bunker product in Taichung will be suspended until September.
In Full
22 May 'No volumes' for Fujairah fuel oil contract
Trading of the Fujairah 380 cst high sulphur fuel oil futures at a standstill.
In Full
21 May Alternatives found to cut fuel costs
Hawaii ocean shipper bucks the trend by halting fuel surcharge costs.
In Full
21 May Bunkers hit $600, up 80% on year
Price hike of $20 sends Eastern bunkers to impressive new highs as crude soars.
In Full
21 May UK: Consultation launched on new STS transfer laws
New regulation will ban bunkering operations outside statutory harbour authority waters.
In Full
21 May More bullish news as US oil inventories shrink
Crude at $130 after weekly inventory figures show unexpected drop in crude and shrinking gasoline cushion.
In Full
21 May Bunker market report from Praxis
21 May Big port expansion from Castrol Marine
Supply network extended to 80 new ports, marine lubricant barge service added in China and Japan.
In Full
21 May Industrial action complicates Le Havre bunkering
Barge movements hampered by frequent closures of locks separating refinery from port.
In Full
21 May Rotterdam market firming
21 May GAC says no to IPO
The group is content with its current financial model and "sees no reason" to launch an IPO.
In Full
21 May Maersk cuts speeds on Europe/Middle East route
Shipping line says reduced speed will improve services and cut emissions.
In Full
21 May Australian port reports 'good avails'
But players in Sydney say high prices are subduing demand.
In Full
21 May Suppliers defend new bunkering rules
Port Klang bunker regulations will prevent deals going 'below the radar'.
In Full
20 May Oil prices surge again
Markets gaining but predictions for increased supply, lower prices.
In Full
20 May Final report on San Francisco Bay spill
Better response could have reduced the impact of the Cosco Busan bunker spill, investigation reports.
In Full
20 May Asphaltenes in fuel continues to cause concern
Fuels with high asphaltene content is putting operators at unacceptable risk says Viswa Lab.
In Full
20 May New offices for growing UAE supplier
30% growth in past year, new offices opening in Dubai and Greece.
In Full
20 May Bunker market report from Praxis
20 May Fishermen's fuel protests, strikes, hamper bunkering
Bunker business lost as vessels skip French oil hub to avoid delays.
In Full
20 May Rotterdam barge market remains tight
20 May Evergreen announces new Taiwan-China-Australia Express
New service replaces the North Asia-China-Australia Express.
In Full
20 May Malaysia seizes 'illegal fuel'
Authorities seize vessel off Pulau Payar.
In Full
20 May Indian refiner urges tax break on bunkers
Indian bunker market suffering due to 'uncompetitive prices', IOC says.
In Full
20 May Salvors 'exposed' to bunker spill damages
International Salvage Union has repeated concerns about the bunker spill convention.
In Full
20 May New bunkering rules could 'slow' operations
New procedures include 45 minute inspections for barges before each bunkering operation.
In Full
20 May DryShips' profit up 160%
CEO remains 'confident' in the 'positive fundamentals' of the dry bulk market.
In Full
20 May Refiner moves to cut fuel oil output
GS Caltex Corp becomes the latest South Korean refiner to announce hydrocracker project.
In Full
20 May Tokyo: Bunker operations resume
19 May Shipowner pockets discount in LA today
High-viscosity stem taken as prices turn bearish on the US West Coast.
In Full
19 May Navy fuel tanker modified to meet IMO standards
10% of cargo capacity lost as wing tanks are decommissioned.
In Full
19 May New tug design promises near-zero emissions
Hydrogen fuel cells mean zero emissions for about 85% of the time.
In Full
19 May Bunker market report from Praxis
19 May Fuel saving strategy causing rush on ships
Liners looking for more ships to maintain service capacity.
In Full
19 May Rotterdam barge market tight
19 May Tokyo: Approaching typhoon may halt bunker operations
Typhoon Halong expected to close in on Tokyo tomorrow morning.
In Full
19 May Busan prices undercut Singapore
Price weaken as avails improve.
In Full
19 May US operator looking for single hull product tankers
Converting single hull tankers can be 'attractive' risk.
In Full
19 May French fishermen block ports over fuel prices
Blockade to last until talks with government scheduled for Wednesday.
In Full
19 May New focus on quality as fuel costs climb
'Off-specs' becoming less tolerated, says DNVPS.
In Full
19 May New oil terminal in Georgia
Terminal has capacity to transship up to four million mt of fuel oil a year.
In Full
19 May Piling work begins on bunker hub
Construction 'on schedule' for Tanjung Pelepas bunkering project.
In Full
16 May Bunker market report from Praxis
16 May Total adds new barge and LSFO at Le Havre
New barge increases bunkering capacity, LSFO made available at the French port for the first time.
In Full
16 May Crude jumps to new record
Sharp gain sees WTI top $127 per barrel.
In Full
16 May Scottish government to address fishing industry fuel crisis
Fisheries Fuel Task Force announced along with other measures.
In Full
16 May ARA market firm, barges tight
16 May New trader for Dan-Bunkering
Kaliningrad office adds one more.
In Full
16 May Brightoil seeing increasing demand
Average monthly sales have doubled to 200,000 mt so far this year.
In Full
16 May Bunker supplier 'not selling' at a loss
Ceypetco denies selling subsidised bunker product to its partner company.
In Full
16 May Bunker rules could contribute to rise in claims
UK P&I Club chairman says ship owners operate in environment 'ever less forgiving of accidents of any kind'.
In Full
16 May Prosecutors raid Korea National Oil
Allegations KNOC officials had taken bribes and embezzled cash.
In Full
16 May Scottish operator increases bunker surcharge
Scottish port also introduces bunker surcharge for towage.
In Full
16 May 'Double-skin bunker tank' legislation moving forward
'We cannot let our coastlines suffer catastrophic effects of a spill,' says Senator.
In Full
16 May Maersk's profits nearly triple
But container business remains weak, hit by restructuring costs and high bunker prices.
In Full
16 May Strong VLCC rates boost Knightsbridge profits
But company notes, fuel prices have 'increased significantly so far in 2008'.
In Full
15 May New fuel surcharge for bunker deliveries
HMS ups rates due to 'dramatic' increase in operating costs.
In Full
15 May Crisis predicted following Russian single-hull ban
95% of bunkering fleet in Russian ports could be taken out of service by the end of 2008.
In Full
15 May Bunker market report from Praxis
15 May Oil spill scare in Bay area
Initial fears of a large spill after tugboat hits refinery wharf, damaging pipeline.
In Full
15 May Bunker markets stay firm as oil rebounds
Singapore and Rotterdam IFO prices down only once in last seven trading days.
In Full
15 May Rotterdam barge market quiet
15 May Singapore: Stocks of residual fuel rise
Distillates stocks reach three month high.
In Full
15 May Teekay Tankers Q1 net profit up
Expects to expand fleet with more tanker acquisitions.
In Full
15 May NOL profits almost triple
Box carrier says volumes and revenues offset surging bunker costs.
In Full
15 May Chinese fuel oil imports down
Customs data shows fuel oil import volumes down 25% year-on-year.
In Full
15 May Supply of 380 cst steadies in Taichung
Barging problems had left port without the product earlier this year.
In Full
15 May Singapore-Tokyo price spread narrows
Tokyo's bunker price premium over Singapore at just $12.50 pmt on Wednesday.
In Full
15 May Eitzen Chemical reports a loss
Higher freight rates failed to cover surge in bunker fuel and other voyage related costs.
In Full
15 May Aegean sees profits climb
President E. Nikolas Tavlarios says company expects to capitalize on 'positive industry fundamentals'.
In Full
15 May Chevron to double bunker capacity at Panama facility
Terminal provides bunker fuel, lubricants and other derivatives for ships using the Panama Canal.
In Full
14 May Bunker market report from Praxis
14 May Oil slips after US inventory report
Middle East producers having trouble selling heavy sour crude.
In Full
14 May Rotterdam barge market very quiet
14 May Twin honours for MPA at Seatrade Asia Awards
Technology for recycling waste from port and marine activities wins environmental award.
In Full
14 May O.W. Bunker strengthens Asian office
Team grows with appointment of branch manager at O.W. Bunker Korea.
In Full
14 May US exporters 'will have to pay more'
Soaring bunker prices contribute to exporters' woes.
In Full
14 May BW Gas reports lower operating profit
Company posts weaker earnings as freight rates fall and bunker costs soar.
In Full
14 May Hanjin Shipping posts first quarter loss
The company plans to apply floating bunker charge to minimize losses.
In Full
14 May Reefer operator posts pre-tax loss
Green Reefers says high bunker prices could lead to higher scrapping rates.
In Full
14 May Demand for 380cst in Hong Kong 'weakening'
Reports say more ship operators are turning to mainland suppliers.
In Full
14 May US carrier ups fuel surcharge
Cites 'unprecedented levels' of bunker costs.
In Full
14 May Chemoil profits drop almost 90% year-on-year
CEO says January drop in bunker prices 'squeezed our margins'.
In Full
13 May California to push for Emissions Control Area
ECA proposal part of new engine regulations posed with sulphur limit lowering to 0.1%.
In Full
13 May Rosneft steps up Russian bunkering operations
Company reveals near-term sales targets in St. Petersburg and river market prior to international market entry.
In Full
13 May Bunker market report from Praxis
13 May Rotterdam bunker market remains firm
13 May Testing agency warns against 'listing' contaminants
Residual bunker fuel contains 'thousands of different components', some of which could be harmful in certain conditions, says DNVPS.
In Full
13 May Singapore: April bunker sales up
Sales at fresh record high.
In Full
13 May Indonesia mulls quitting OPEC 'temporarily'
Country is no longer a net exporter of oil.
In Full
13 May Singapore shipowner fined for Seattle spill
Songa Hua crew deemed negligent during bunker loading.
In Full
13 May Bunker costs may hurt Malaysian liner's results
Expects container shipping markets to weaken further.
In Full
12 May Tesoro posts first quarter loss
Refiner and marketer seeing revenue gain but failing to post profit result.
In Full
12 May Bunker market report from Praxis
12 May Scottish fishermen warn on fuel cost implications
Say quotas could be lost to foreign fishing fleets as high fuel costs prevents Scottish ships from putting to sea.
In Full
12 May Marshall Islands accedes to five major IMO Conventions
12 May Clouds gather as bunker prices soar
Growing concern that bunker price pressure will contribute to cyclical downturn for shipping.
In Full
12 May New tanker coating to cut fuel consumption
Nippon Paint's latest product expected to reduce fuel consumption by 4%.
In Full
12 May Singapore suppliers to get help with certification costs
12 May Singapore 380cst may reach $700 pmt by year-end
Prices up 68% from a year ago.
In Full
12 May Bunker buyers need to 'deal with risk exposure'
O.W. Bunker says some ship operators are taking 'unnecessary risks'.
In Full
12 May Newbuilding design exceeds IMO requirements
Design of new panamax tanker for Marinvest focuses on 'care for the environment'.
In Full
09 May Crude ends week at $125
Bunker prices rising further as oil ascends new heights amid OPEC supply talk.
In Full
09 May Callao offers new options
Local suppliers expanding but challenges remain as ship traffic increasing.
In Full
09 May Bunker market report from Praxis
09 May WFS reports record income from marine segment
Q1 results up year-on-year, but aviation and land segment profits down from previous quarter.
In Full
09 May Shipowners flock to Bunkerworld's Singapore forum
Spectre of rising 'cleaner fuel' costs prompts Asian shipping community to scrutinise bunker fuel procurement strategies.
In Full
09 May Players need 'better understanding' of residual fuel
'We need to truly know what are in bunkers, before we start banning particular components,' says leading industry source.
In Full
09 May Rotterdam: MDO avails very tight
09 May No bunker pain for Asian bulk carrier
STX Pan Ocean's Q1 profit soared by 375% from a year earlier.
In Full
09 May Omani supplier to acquire new double-hull
Oasis Energy plans to add new barge to its offshore bunkering operations.
In Full
09 May Philippine supplier upgrades to double-hulls
Company converts fleet as country imposes ban on single-hulls.
In Full
08 May California halts engine fuel rule enforcement
ARB issuing formal notice but seeking EPA approval ahead of rule redrafting.
In Full
08 May More refinery changes for Valero
New sale announced on the back of previous announcements.
In Full
08 May IMO Chief defends shipping's environmental record
Efthimios Mitropoulos says industry is committed to sustainable development.
In Full
08 May Independent supplier boosts Egypt operations
Double-hull bunker tanker deployed after gaining licence from Egyptian authorities.
In Full
08 May Bunker market report from Praxis
08 May Fuel costs forces rethink for fishing industry
Trawlers in New Zealand are being idled or employing energy-saving devices as industry talks of crisis.
In Full
08 May Indian refiner offers another fuel oil parcel
Essar Oil offers 60,000 mt of residual product amid signs that Asian fuel oil market is tightening.
In Full
08 May Rotterdam market firm
08 May Singapore: Stocks of residual fuel, distillates fall
08 May Ceypetco denies allegations
Report alleges lack of transparency in Ceypetco's selection of bunkering partner.
In Full
08 May MPA warns against smoke emissions
Maritime and Port Authority of Singapore urges ship masters to take 'immediate action' to cut black smoke.
In Full
08 May Bunker spill on US west coast
Oyster dredge sinks in Grays Harbor, Washington state.
In Full
07 May APL monitors performance to boost efficiency
Three ships using CASPER system on Pacific routes amid escalating fuel prices.
In Full
07 May US crude stocks up more than expected
Markets surprised but crude prices still closing firmer.
In Full
07 May No contaminants guarantees 'impossible' to provide
Leading industry source talks of 'no contaminants' panic in the ship owing community.
In Full
07 May Bunker market report from Praxis
07 May Russia fuel oil exports down more than 70%
Duties and refinery maintenance slash export volumes.
In Full
07 May Sharp profit drop for Odfjell's tanker segment
Bank cuts 2008 forecast for company shares as bunker price gains cancel out improved rates.
In Full
07 May BAF agreements boost first quarter results
Wilh. Wilhelmsen expects year-on-year profits to climb.
In Full
07 May Rotterdam bunker market firm
07 May New trader at StatoilHydro
07 May Goldman Sachs forecasts oil at $150-$200
Rising demand and slowing supply growth likely to support high crude oil prices.
In Full
07 May Malaysia shuts down floating fuel station
Subsidised diesel was sold 'illegally'.
In Full
07 May Bunker surcharges boost liner's revenue
Singapore-listed carrier reports a 46% increase in Q1 2008 after-tax profit.
In Full
06 May Buyers face record bunker prices
Major markets surging to new highs across the board with fuel costs rising again.
In Full
06 May Industry poll supports IMO emissions revisions
But concern over availability of distillate fuel to meet longer-term sulphur limits.
In Full
06 May Fishing vessel owners fined for bunker spill
Falmouth harbour authorities welcome court's decision.
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06 May Kittiwake launches onboard test kit
The DIGI Insolubles meter can help determine condition of lubricant oils.
In Full
06 May Bunker market report from Praxis
06 May Arbitrage volumes set to fall
Fuel oil inflows to Asian markets slow as prices stifle demand.
In Full
06 May New tanker for EMSA programme
European Maritime Safety Agency (EMSA) says Swedish-flagged tanker has joined its network.
In Full
06 May Rotterdam distillates still tight
06 May Iran: Bunker sales to exceed 2.5 million mt
Sales have increased more than 10-fold compared to two years ago.
In Full
06 May Adriatic box terminal gains on rising bunker costs
Container lines exploiting the benefits of using regional ports.
In Full
06 May New supplier in Pakistan
Greece-based company is supplying the four main grades of bunkers.
In Full
05 May Crude oil hits $120
Another high as weakening dollar and supply worries keeping markets nervous.
In Full
05 May NuStar sees record profit
Supplier announcing boost to income and 'higher contribution' from marketing and trading.
In Full
05 May Gibraltar defends its bunkering record
Bunker industry is 'very, very tightly regulated' says Bunkering Superintendent.
In Full
05 May Rotterdam barge market tight
05 May Record Russian oil export taxes confirmed
Fuel oil export tax nearly doubled from a year ago, giving Russian bunker market competitive edge.
In Full
05 May Artico team joins Cockett
Recently established firm remains subsidiary of Cockett's holding company.
In Full
05 May Hong Kong: 180 cst supply tightness expected to ease in May
Meanwhile, traders say lack of demand for MGO has created a surplus.
In Full
05 May Bunker costs threaten global box traffic
WSC says further charges on fuel usage will not cause fewer greenhouse gas emissions, only raise costs.
In Full
02 May Bunker, crude markets diverge
Marine fuel buyers grab lower prices as oil takes bullish turn.
In Full
02 May California mulls new auxiliary engine fuel rules
New regulations likely to remove terms that saw efforts to limit emissions ruled illegal.
In Full
02 May ARA: LSFO premiums could double in 2010
Drop in sulphur limit to 1% will push up demand for low sulphur Brent-based fuel oil.
In Full
02 May ICC applauds global standards for ship emissions
World business organization urges IMO member states not to take national, regional or local action.
In Full
02 May Evergreen Q1 profit capped by bunker costs
Net profit rose about 5% as bunker prices soared over 60% in the period.
In Full
02 May Malaysian firm to build onshore storage
Construction on new bunkering terminal expected to start within weeks.
In Full
01 May Bunkers down but buyers cautious
Weaker oil seeing lower US prices with expectations for further softening.
In Full
01 May Cold ironing berth expansion in LA
China Shipping adding shore power capability as part of terminal project.
In Full
01 May Ship operator sees dip in revenue
Negative impact of bunker cost being 'actively managed'.
In Full
01 May UK supplier sees record turnover
Henty Oil puts back start date for new storage tanks.
In Full
01 May New barge rates for Shanghai
01 May Second decimal place 'could cost billions'
Strict new IMO sulphur interpretation will increase blending costs.
In Full
01 May Bunker costs hurt carrier's China trade lane profits
US carrier says average bunker costs up 60% from a year ago.
In Full
01 May Houston, Texas: New Stolthaven bunkering regulations
Bunkers have to be loaded at the same time as cargo.
In Full
01 May GS Caltex raising bunker output in May
Other Korean refiners will most likely maintain their bunker output.
In Full