30 Nov London broker sets up own company Broker hopes to build business drawing on more than 20 years of experience in the maritime and bunkering industries.
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29 Nov Titan mulling land-based Singapore terminal Bunker and cargo trader in discussions with Singapore authorities over land-based fuel oil storage that would put group in the league of independent storage operators Tankstore and Oiltanking.
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29 Nov Engine manufacturers targeting emission reductions Major manufacturers of marine engines say that environmental issues are a key driver behind development work, with some hailing dual-fuel engines as the way forward on emission reductions. In Full
26 Nov Yukos facing 'total destruction' management warns Management of the once-mighty Russian oil giant Yukos have all but given up saving the company's remaining assets after the forced sale next month of its core oil production unit. In Full
25 Nov PDVSA Deltaven closing in on new markets Return to Panama bunker market the highest profile expansion plan as company reveals ongoing discussions to move into several Caribbean markets. In Full
25 Nov ENOC to expand into Jebel Ali market ENOC Bunkering (Fujairah) LLC has decided to take advantage of increased traffic through Jebel Ali to expand its bunkering service and infrastructure in the port from next month. In Full
24 Nov Petroval reports solid start despite Yukos uncertainties Six months after its entry into the Rotterdam bunker market Petroval Bunker Services B.V. reports a promising start and says uncertainties at Yukos will bear no effect on bunker operations. In Full
22 Nov Concern in LA as charterers look to alternative ports Despite an end to congestion in LA and Long Beach, reports of major charterers re-routing to other west coast ports raises cause for concern for bunker suppliers and port operators. In Full
19 Nov OPEC: Heavy crude processing key to lower prices Cartel says that flexibility of refiners to process heavy crudes vital to keeping prices down and ensuring stable market, 2005 oil demand forecast revised lower.
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18 Nov African competition, cheaper crude sees fuel oil demand wane European refiners targeting cheap crude market for refinery feedstock and US seeking cheaper African-sourced alternative to European fuel oil, leaving European fuel oil demand weakening, supplies burgeoning and prices crashing.
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18 Nov Paranagua: '4,000 mt' of bunker fuel and methanol spilled As salvors Wijsmuller Salvage are called in to remove remaining bunker fuel from sunken vessel's fuel tanks questions are raised over speed of response to spill and clean-up operation.
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18 Nov MPA: CP60 and MARPOL alignment provide quality assurance The MPA has said that the revised CP60 will further enhance accuracy of delivered quantity and provide better quality assurance to bunker buyers in Singapore in line with Marpol regulations on sulphur content. In Full
16 Nov Hong Kong bearish despite tight avails Bunker prices in Hong Kong continued to soften today despite ongoing lack of product in the port, while Taiwanese distillates prices remained static for the time being.
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15 Nov Oil, bunker prices fall on Iranian cessation New York crude oil levels fall to two-month low and bunker prices in world's major ports continue to slide as tensions appear to ease in Middle East. In Full
15 Nov Romanian supplier expands to meet demand Romanian bunker supplier Unicom Holding S.A. will soon be offering IFO380, previously unavailable in Romania, to vessels calling at Constantza following a major expansion of its bunkering operations.
In Full
12 Nov ARA fuel oil stocks rise again ARA stocks of fuel oil swell on lack of arbitrage opportunities with more cargoes expected in from the Baltic, while bunker market saw limited demand today.
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12 Nov Baltic price falls maintain momentum Buying activity has been healthy as prices fell across the region, where one port was forced to close today due to high winds. In Full
10 Nov DOE less bearish than forecast Crude decline halted as US distillate stocks fall for eight consecutive week, despite higher refinery runs and rising crude inventories.
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10 Nov Crude oil falls in anticipation of bearish DOE data Crude oil traded on the Nymex continued to fall in after hours trading today, having fallen heavily in yesterday's open outcry session on speculation of a build in US stocks. In Full
09 Nov Syros Bunkering Station relaunched Athens-based bunker broker and trader announces start of operations at Syros Bunkering Station, particularly aimed at Black Sea trade routes.
In Full
09 Nov Vital waterway reopens The Suez Canal has been reopened today after a grounded tanker was successfully refloated, allowing vessel passage to resume. In Full
04 Nov Gunvor arb booking eases over-supply fears in Europe Booking of 275,000 mt fuel oil arbitrage cargo from Baltic to Singapore in late November and other cargoes ease market fears of supply surplus following US arb closure.
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02 Nov Partners sign agreement for Engen/Sasol joint venture New JV company set to become regional leader in refining, marketing and distribution of liquid fuels. It will also control Engen's Durban refinery, including bunker fuel output. In Full
02 Nov Europe - Asia fuel oil arb opening, activity still slow While industry sources have said high freight rates may keep arbitrage activity to a minimum, others have said demand from the bunker market may prompt fixtures in the near future.
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