News Archive Oct 2007

31 Oct Crude oil rallies on bullish US data
WTI touches $94, a new record, after unexpected drop in US crude inventories.
In Full
31 Oct '20 years' to meet extra distillate need
Recent projections would call for 311 million mt of distillates for ships by 2012, which refiners say cannot be done.
In Full
31 Oct Rotterdam firmer after low morning numbers
31 Oct Profit jump for Asian container liners
Buoyant demand and rate improvements help NOL and Evergreen bear rising bunker prices.
In Full
31 Oct Falling market lures buyers back
Several prompt enquires reported in Rotterdam this morning.
In Full
31 Oct Managerial changes at German bunker company
New managing director at Bominflot subsidiary.
In Full
31 Oct Nippon Oil reducing bunker sales in November
'Too low' Japanese bunker prices prompt oil refiner to reduce supply, sources say.
In Full
31 Oct New Zealand seeks comment on bunkering pilotage
An amendment will allow bunker barges to apply for exemption from compulsory pilotage.
In Full
30 Oct Ship measures included in California emissions act
State's own 'global warming' act will ask ships in port to switch off and plug in by 2010.
In Full
30 Oct Holiday affects Mexican bunker orders
30 Oct Oil, bunkers fall from record
Doubt that crude oil will reach $100 this year based on fundamentals.
In Full
30 Oct Office move for O.W. Bunker South Africa
30 Oct More record results from Japan
Japan's three leading shipping companies all doing well despite record bunker prices.
In Full
30 Oct Acquisition raises Chemoil's profile in the ARA
Supplier strengthens links with FTS/Hofftrans.
In Full
30 Oct Rotterdam market remains tight
30 Oct New team member at Bominflot Hamburg
30 Oct Asian November fuel imports lowest this year
Asia's fuel oil market expected to be tight in the coming month.
In Full
30 Oct Brightway aims to match Singapore quotes
Supplier wants to import fuel oil cargoes direct to Southern China.
In Full
30 Oct Crude oil price tops $93
Growing concern over tight global supplies.
In Full
29 Oct Horizon revises fuel surcharge
Mirrors rival Matson's record level in the wake of sharply higher bunker prices.
In Full
29 Oct Rotterdam market remains firm
29 Oct Bunkers bite into buoyant NYK profits
Japan's biggest shipping company lifts profit forecast despite higher fuel costs eating into profits.
In Full
29 Oct OW's parent group looks to expand
CEO says growth will be accelerated. $100 million to be spent on fleet expansion.
In Full
29 Oct New Asian subsidiary for O.W. Bunkers
Focus on growth and local expertise leads to opening of Korean office.
In Full
29 Oct Singapore supplier launches 'mega-barge'
The Japan-built double-hulled vessel is the biggest bunker tanker to be delivered to date.
In Full
29 Oct KPC sells spot 380 cst cargo
Bunker grade cargo expected to head to the Singapore market.
In Full
29 Oct Hong Kong to curb emission from China vessels
New registration system aimed at spotting polluting ships from Guangdong, China.
In Full
29 Oct Japan tests 'super absorbent' beads
State-of-the-art polymer spheres designed to soak up oil and chemical spills effectively.
In Full
26 Oct Shipowners respond to emissions challenge
Fuel switching, cold ironing, and other initiatives all being adopted.
In Full
26 Oct 'Scrubbers is a dirty word'
Debate over mitigation taking centre stage at ship emissions forum.
In Full
26 Oct Escalating bunker price pressure forces rethink
Container shipping lines will seek new fuel charge structure to 'share the burden' of rapid escalation in fuel cost.
In Full
26 Oct Rotterdam market very firm
26 Oct Singapore bunkers break $500 mark
Asian ports hit unprecedented bunker price levels today on the back of surging crude.
In Full
26 Oct Suppliers refusing credit for spot buyers
Sri Lankan players say the policy is damaging prospects for growth.
In Full
26 Oct KPC offers spot 380 cst parcel
Prompt 380 cst cargo taken as sign that supply shortages may be easing in the Middle East.
In Full
26 Oct Oil soars above $90
Oil prices rally on tight US oil inventories and geopolitical tension.
In Full
26 Oct Singapore: Stocks of residual fuel, distillates fall
25 Oct Shipping, emissions 'at a crossroads'
Forum hearing the message that shipping must do more to address environmental impacts.
In Full
25 Oct Oil products lead Rotterdam port growth
'Sprint in the third quarter' puts new milestones for throughput well within reach.
In Full
25 Oct California fuel rules back on
Court ruling allows California Air Resources Board to resume enforcement of its low-sulphur auxiliary engine fuel rules.
In Full
25 Oct Negative Q3 result for Euronav
Tanker company reports Q3 losses after rates plummeted while bunker prices were sharply higher.
In Full
25 Oct Rotterdam bunkers surge on bullish crude
25 Oct Refiners in Japan to cut supply for November
Supply cut to raise Japanese bunker price above Singapore levels.
In Full
25 Oct Long Beach forum to tackle shipping's CO2 emissions
165 key stakeholders to attend Bunkerworld conference.
In Full
25 Oct SPC quadruples Q3 net profit
But Singapore refiner sees margins fall.
In Full
25 Oct Titan turns physical in Hong Kong
Oil logistics company focusing on supplying 380 cst material, sourced from its terminal in mainland China.
In Full
25 Oct APL champions sustainable shipping
Shipping industry must take a lead in protecting the environment.
In Full
24 Oct Storm closes oil ports, damages rigs
Oil spills and casualties reported as 8-metre waves hit the Gulf.
In Full
24 Oct Europe: Fuel oil jumps in late trade
Already firm market pushed up by surge in crude oil.
In Full
24 Oct Sharp drop in US oil imports, stocks
Weekly DOE figures go against market forecast of a build.
In Full
24 Oct Fuel oil holds firm in Europe
Fuel oil values holding up as arbitrage opportunities beckon.
In Full
24 Oct Puerto Rico abandons port project
Plans for 'Port of Americas' transshipment hub collapse in face of growing opposition.
In Full
24 Oct Mixed views on ARA bunker market potential
Stellar growth at Zeebrugge while congestion stalling growth at main ports.
In Full
24 Oct Rotterdam: Suppliers fully booked till Monday
24 Oct 'No immediate plans' for cold ironing in Singapore
Port operator PSA 'is interested' but no specific timeframe given for such development.
In Full
24 Oct Shipping faces 'monumental challenge'
Shell warns that a switch to using distillate fuels is not without environmental implications.
In Full
23 Oct Venezuela boosts China cargoes
Products heading to Asian giant at the expense of US.
In Full
23 Oct Royal flush, hedging its bets
Record results for cruise line even with 7% higher fuel bill.
In Full
23 Oct Tanker companies heading for a fall
Tough times for tanker owners as industry faces fleet glut and charter rates that don't even cover the bunker and debt bills.
In Full
23 Oct Port closed by wildfires, air quality affected
Only 'essential staff on duty' and air at 'very unhealthy' levels.
In Full
23 Oct INTERTANKO tight-lipped on emissions
Says it has no intention of commenting on its report to IMO containing shipping fuel use and emission estimate.
In Full
23 Oct Rotterdam bunkers remain firm
23 Oct Oil prices to ease with OPEC hike
Kuwait official expects 'positive effect' on the market from OPEC's increased output.
In Full
23 Oct Hong Kong urged to act on ship pollution
Complaints about exhaust emissions have led to warnings, but no prosecutions.
In Full
22 Oct Oil's fall sends bunker prices lower
After bullish week, bunkers trending softer as fundamentals slide further.
In Full
22 Oct Matson surcharge at record high
Shipowner responding to increasing costs, fuel up 10% over last few months.
In Full
22 Oct Rotterdam market situation improving
22 Oct Shipping line 'settles' bunker spill lawsuit
Evergreen maintains 'innocence' but 'happy to move on'.
In Full
22 Oct High Asian prices draw rare cargo
Thai refiner sells fuel oil parcel. Reports say it is destined for Singapore bunker market.
In Full
22 Oct Plea for 'on-spec' fuels
A.P. Moller-Maersk asks bunker industry to guarantee sulphur limits and provide proper MARPOL documentation.
In Full
22 Oct Hedging is 'the obvious next step'
Shipping firms remain 'very exposed' to bunker fuel price increases.
In Full
22 Oct Oil prices 'still cheap', Iran says
But Iranian Oil Minister argues that without investment in oil rich countries prices will become 'uncontrollable'.
In Full
22 Oct Chimbusco targets 3 million mt bonded sales
Chinese supplier has posted more than 2.5 million mt of sales in the first nine months this year.
In Full
19 Oct No relief for bunker buyers at week's end
Prices still firm on US markets despite crude sliding.
In Full
19 Oct Le Royaume announces new Singapore appointment
New head of business development to focus on customer service.
In Full
19 Oct New team member at Curoil
19 Oct Rotterdam market stays firm
19 Oct Uncertainty makes long-term investment 'impossible'
From refinery to point of delivery, long-term plans made impossible until new fuel rules become clear.
In Full
19 Oct Castrol Marine offers bulk lube supply in Shanghai
Barge deliveries to start from November 1.
In Full
19 Oct 'Golden age' for independents
Adrian Tolson of Chemoil says it is time for independent suppliers to 'stop hiding' and take a lead.
In Full
19 Oct ExxonMobil sells November cargo
Saudi-based fuel oil trader buys cargo as supply crunch continues.
In Full
19 Oct Oil producers have 'no influence' over crude rally
ADNOC official blames refining shortage and political tensions; Iran sees no need for OPEC to increase output.
In Full
19 Oct Philippines breaks ground for oil depot
New oil terminal due to be operational by 2010.
In Full
19 Oct Ship source pollution up in Hong Kong
Statistics showing a marginal rise in percentage terms of ship-generated emissions.
In Full
18 Oct Chevron general manager takes Bominflot top job
Supplier announcing new CEO in leadership shift.
In Full
18 Oct Fast growth predicted for 500 cst
Total tells ARACON 2007 that sales of high viscosity fuels could outpace general market growth by 5-10%.
In Full
18 Oct New player enters Russian market
Russian energy giant targets bunker sales of 1.5 million tonnes.
In Full
18 Oct Saudi refinery to close for 'at least a month'
Shut-down puts more pressure on tight fuel oil market.
In Full
18 Oct David Post joins Petromedia
Experienced marine industry professional joins the publishers of Bunkerworld to head-up European, Middle East and Africa Sales and Marketing.
In Full
18 Oct Rotterdam market remains tight
18 Oct Nigeria moves ahead with licensing plans
Bunkering in Lagos 'on the way to fast and steady growth'.
In Full
18 Oct Singapore residual fuel stocks tighten
Onshore inventories lost 7% from week-ago levels.
In Full
18 Oct HK: High viscosity product 'restricted'
ExxonMobil says it will continue to focus on supplying direct to shipowners.
In Full
18 Oct Oil major expands lube operation in China
Total Lubmarine now delivering in bulk in four more Chinese ports.
In Full
17 Oct EIA blames tight supply for oil price
'Fundamentals' the reason for record highs, but OPEC saying different.
In Full
17 Oct Ship-Service announces new trader
17 Oct Aegean launches its own-brand lube
Bunker logistics company says it will become the “first independent global retailer of marine lubricants”.
In Full
17 Oct Call for caution with 500 cst bunker fuel
DNVPS adviser says ship operators need adequate technical knowledge before buying high viscosity material.
In Full
17 Oct Rotterdam market remains firm
17 Oct Singapore fuel oil imports set to drop
November fuel oil cargo fixtures running at two year low.
In Full
17 Oct 'Mega' oil storage for Chinese bonded port
Yangpu to become petrochemical hub.
In Full
17 Oct Samsung designs 'Goliath' container ship
New building will be world's biggest container carrier.
In Full
17 Oct Singapore prices tower over Tokyo
Japan refiners expected to up prices 'severely'; Singapore prices rocket 12% in one week.
In Full
17 Oct Singapore to focus on improving officers' skills
IBIA and Singapore Maritime Association developing a course for bunker-tanker cargo officers.
In Full
17 Oct Gladstone tight on bunkers
Cargo replenishment due at the end of the month.
In Full
16 Oct Double-digit bunker price jump
Bullish crude and fuel oil sending markets spiraling upwards.
In Full
16 Oct Fuel surcharges up yet again
Bunker price surge in 'recent weeks' blamed for increase.
In Full
16 Oct New executive team at SEAaT
Work aimed at reducing emissions from ships to be driven forward with tanker and oil industry executives at the helm.
In Full
16 Oct $90 crude oil 'easily within reach'
WTI crude close to $88 per barrel on fears of Turkish incursion into Iraq.
In Full
16 Oct Rotterdam: Many suppliers fully booked
16 Oct Japan bonded bunker sales dip in August
Both bunker fuel and MDO sales fall from previous year and month.
In Full
16 Oct Red tape may jeopardize competitiveness
New rules such as tariffs and licenses for bunkering could push up costs at South African ports.
In Full
16 Oct Busan prices match Singapore
Good availability in Korean ports; prices expected to firm further today.
In Full
16 Oct Iranian hub undercuts Fujairah
Cockett Marine says bunker sales are growing at Bandar Abbas.
In Full
15 Oct OPEC oil price hits $77
Demand forecast for rest of year unchanged, but markets still bullish.
In Full
15 Oct Cockett Marine adds Korea manager
15 Oct Shipping 'lagging behind' in drive to cut emissions
Maritime industry unlikely to embrace emission-reducing technologies unless forced by regulations.
In Full
15 Oct New week brings new bunker price records
Fuel oil swaps rally in Asia. ARA trade market opens week firm.
In Full
15 Oct Rotterdam: Market firm, prompt product tight
15 Oct Singapore bunker sales retreat from monthly record
September bunker sales still strong despite pulling back from an all-time high in August.
In Full
15 Oct Titan completes shipyard purchase
Shareholders back Titan's long-term strategy.
In Full
15 Oct Catalytic cracker still down at Singapore refinery
No clear start-up date as damage assessment continues.
In Full
12 Oct Houston closes in on $400 bunkers
Key US port following global prices higher in setting yet more records.
In Full
12 Oct Bunker spill raises local fears
Recent incident a reminder of massive disaster three years ago.
In Full
12 Oct EU signals readiness to cap CO2 from shipping
Official says Europe intends to drive forward a reduction in CO2 emissions from maritime transport.
In Full
12 Oct Wilhelmsen to market scrubbers
WMS and Krystallon sign distribution deal for scrubber system that cleans up sulphur and particulate emissions.
In Full
12 Oct Rotterdam: Some suppliers committed until 18th
12 Oct Singapore bunker prices on bull run
Market firms in the face of tight prompt deliveries and strong crude oil prices.
In Full
12 Oct SK Corp closes bunker office
Tokyo office no longer handling bunker enquiries.
In Full
11 Oct Biodiesel poses environmental challenge
'As a biofuel, it's a failure', expert saying about palm-oil based diesel.
In Full
11 Oct Record-breaking streak continues
Rotterdam bunker prices could be set for further gains after late HSFO barge deals.
In Full
11 Oct Oil prices rise on stock declines
Oil gains on IEA warning on falling inventories, bullish weekly US figures.
In Full
11 Oct UK bunker station close to sale
PBI hopeful that it can resume operations soon after BP's recent withdrawal.
In Full
11 Oct Rotterdam: Suppliers fully booked this week
11 Oct Singapore: Residual fuel stocks jump
Despite a gain in inventories, worries over supply tightness remain.
In Full
11 Oct Bunker spill at Singapore terminal
Bunker tanker and oil tanker collide. Bunker tanker holed below the waterline.
In Full
11 Oct Aegean takes over bunker supplier
Acquisition will expand Aegean's presence in Northern Europe.
In Full
11 Oct Sri Lankan supplier eyes bonded storage
Bunker prices could come down by some $30 per metric tonne.
In Full
10 Oct Bunker prices up across the board
Main US ports following others higher but with exceptions.
In Full
10 Oct Industry divided over emissions legal ruling
Debate continuing on local versus international solutions.
In Full
10 Oct Shipping 'part of climate change solution'
Australian report recommends moving freight onto the ocean to cut the country's greenhouse gas emissions.
In Full
10 Oct New contact details for Serbian trader
10 Oct South Africa 'turning a corner'
After a difficult couple of years there are hopes refiners have got to grips with supply issues.
In Full
10 Oct Rotterdam: Congestions at loading installations solved
10 Oct October launch for Adani's new bunker tanker
Launch of AEL 1 will be followed by another double-hulled bunker tanker in the next few months.
In Full
10 Oct Hong Kong price advantage may be shortlived
Hong Kong prices now competitive to nearby Yantian on good avails.
In Full
09 Oct Foss 'green' record praised
Company receiving top marks for unblemished environmental record.
In Full
09 Oct Port counts cost of ship emissions
Inventory to be the basis of new mitigation measures.
In Full
09 Oct Richards Bay replenished
Supplies at South African port have recovered and should be good for the rest of October.
In Full
09 Oct Analysts bearish on Q4 oil price
Few think oil prices will rebound to recent records until next year, when some say $100 per barrel oil is a possibility.
In Full
09 Oct Rotterdam market remains tight
09 Oct Singapore's largest terminal set for trial run
Reports say that Universal Terminal will commence trial run on November 1.
In Full
09 Oct Japan: September retroactive price up
Price of 180 cst up 25% compared to September last year.
In Full
09 Oct Singapore prices pull back from Monday's record
Bunker prices supported by strong buying from oil major.
In Full
09 Oct Cosmo Oil offers low-sulphur bunkers
Spot demand for 1.5% sulphur product has been small 'so far'.
In Full
09 Oct No resumption of 380 cst spot sales 'this year'
Taiwan's state-supplier says Taichung unlikely to receive higher viscosity material for months to come.
In Full
08 Oct INTERTANKO: Numbers still add up to distillate solution
Official says new research is bad news for scrubbers, while distillate proposal is 'at worst CO2 neutral'.
In Full
08 Oct Colonial revises barge rates
08 Oct Cruise ship claims another victim
Diver investigating sunken vessel dies, worries about uncollected fuel persisting.
In Full
08 Oct EU could cap CO2 from ships by 2012
Shipping urged to be prepared for possible inclusion in EU trading scheme for greenhouse gas.
In Full
08 Oct Kuwait: New barges to arrive soon
One of two large, newbuild bunker barges launching in Singapore expected to reach Kuwait early next month.
In Full
08 Oct Rotterdam market remains firm
08 Oct Singapore: Aegean changes contact details
08 Oct Singapore floating storage plans 'ideal for bunker traders'
Phase 2 feasibility study to be completed by end-2008.
In Full
08 Oct Typhoon closes Chinese ports
Shanghai and Ningbo ports have temporarily ceased operations.
In Full
08 Oct Australia: 380 cst prices surpass 180 cst
Price differential between 380 cst material 180 cst material inverted.
In Full
05 Oct Houston firmer, as expected
Prices heading higher to end the week in the Gulf with Los Angeles falling into line.
In Full
05 Oct Cruise season comes to an end
Bunkering volumes falling and new emissions strategies seen this year.
In Full
05 Oct IFO380 at new high in Rotterdam
Benchmark grade firms on tight supply of on-spec material and blending stocks.
In Full
05 Oct Asian fuel oil at new peaks
Discount to cargo means Singapore bunker prices still shy of record.
In Full
05 Oct Kittiwake appoints managing director
Director of Kittiwake Asia Pacific returns to UK to take up position.
In Full
05 Oct Rotterdam market very tight
05 Oct Big ships, big lube costs
OpCost review shows marine lubricants on average nearly half of store cost, more for larger ships.
In Full
05 Oct BP to double Singapore storage
Reports say it is taking up 300,000 m³ of space at Hin Leong's new Universal Terminal.
In Full
05 Oct New Black Sea bunker facility open
Port aims to optimise its bunkering process.
In Full
05 Oct Typhoon poses 'significant threat' to Taiwan
Bunkering operations at several Taiwanese ports to be suspended.
In Full
04 Oct Houston prices down, tight avails in Los Angeles
US bunkers heading in different directions as local factors coming into play.
In Full
04 Oct Singapore bunkers firm as fuel oil stocks fall
Singapore 380 cst bunker prices near $400 amid tighter fuel oil inventories.
In Full
04 Oct Fuel oil trade shrinks at IMAREX
September fuel oil derivative trading volumes down 65% from a year ago.
In Full
04 Oct Bunker consumption '50% greater than thought'
Reports to IMO expert group suggest global bunker use and CO2 emissions are much higher than earlier estimates.
In Full
04 Oct Rotterdam market quiet at midday
04 Oct Bunkers tight in South African port
Ships could be prevented from leaving Richards Bay Coal Terminal.
In Full
04 Oct Lukoil cancels Vysotsk expansion
Officials will not even consider expansion till proposed rail links are built.
In Full
04 Oct Bids pour in to operate storage caverns
Very Large Floating Structures project also moves ahead; phase 1 of feasibility studies complete.
In Full
03 Oct Mexico distillate to stay competitive
Tax break taking pressure off prices, keeping numbers down.
In Full
03 Oct Tough emissions talk in California
Attorney General on the attack, wanting more progress on federal regulations.
In Full
03 Oct Crude oil little changed after DOE report
Mixed US oil inventory picture in latest weekly report.
In Full
03 Oct Bunker costs worry NYK president
Management strategies could be impacted by current economic climate.
In Full
03 Oct Chemoil aims for top bunkering position in Panama
Unveils plans to build storage terminal with total capacity of some 245,000 metric tonnes.
In Full
03 Oct Kaohsiung: Oil boom charge reduction
03 Oct Rotterdam market remains tight
03 Oct Buyers embrace bearish bunkers
Singapore traders reporting healthy demand this week.
In Full
03 Oct Toyota Tsusho to turn physical in Singapore
JV with Singapore operator to build what will be world's largest purpose-built bunker tankers.
In Full
02 Oct California plans two-step distillate fuel implementation
Phased introduction of main engine requirements, now extending to boilers.
In Full
02 Oct New energy heavyweight formed in Norway
Name change has come into effect for Norwegian oil company, including bunkering department.
In Full
02 Oct Another peak for Aegean
Analysts think company stands to benefit from 2008 phasing out of single-hull bunker tankers.
In Full
02 Oct Russian cuts still felt at Tallinn
Exports through Estonia's main oil port up from August but down year-on-year.
In Full
02 Oct Engine upgrade promises fuel savings
Wärtsilä says new version of ship's engine gives more power with less fuel.
In Full
02 Oct Rotterdam market quiet this morning
02 Oct Refinery suspension squeezes supply
Players say Nippon Oil idling its damaged Negishi unit at least 40 days for repairs.
In Full
02 Oct EMSA urges EU states to get neighbourly
'Further work' needed to establish cooperation regarding ship pollution and maritime accidents.
In Full
02 Oct Saudi Aramco resumes 180 cst bunker sales
380 cst fuel will no longer be sold at the ports of Dammam, Ras Tanura and Jubail.
In Full
01 Oct Cruise line fuel price up 7.4%
Carnival seeing costs up in line with projections, but future numbers even higher.
In Full
01 Oct Northwest ports emissions meeting postponed
01 Oct Bunkering on agenda in Gibraltar election
Reports of spill coincide with election pledges to bring bunker storage ashore.
In Full
01 Oct New cargo offered by ExxonMobil
Keen competition expected for Middle East cargo amid shortfall in Iranian supply.
In Full
01 Oct Cockett Marine boosts Asian presence
Korea an 'important hub in fast-growing Far East market'.
In Full
01 Oct Rotterdam market tight
01 Oct Nippon Oil suspends Negishi bunker supply
Firming prices and tight supply expected, especially if unit stays idle for long.
In Full
01 Oct Emissions must be tackled 'only through IMO'
BIMCO president warns against 'derailing global trading system' with impossible environmental restrictions.
In Full
01 Oct Santos cut worsens supply tightness
Shipping source warns against relying on prompt supply at Brazil's leading bunkering port.
In Full