News Archive Sep 2007

28 Sep Higher prices, congestion bothers Houston
Loading delays hampering schedules as week closing.
In Full
28 Sep Northwest ports continue emissions plan consultation
Distillate fuel on the agenda as draft document seeing more public exposure.
In Full
28 Sep Scrubber collaboration scoops cruise award
Initial results from cruise ship scrubber trial shows elimination of SOx emissions.
In Full
28 Sep BP ceases role in UK bunkering station
Says move from Portland is part of restructuring to focus on services out of Rotterdam.
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28 Sep Jail for captain who lied about oil pollution
Court rewards crew members who gave evidence of illegal dumping.
In Full
28 Sep Bunker player ‘eyes’ US shipbroker
WFS refuses to comment on ‘market rumours’.
In Full
28 Sep ARA: Product tight in Antwerp
28 Sep Titan sells 14 year old vessel
Sale is part of strategy to reduce exposure to the volatile VLCC market.
In Full
28 Sep New high for Brent crude, WTI near record
Oil prices rally on weak dollar, but analysts question support from fundamentals.
In Full
27 Sep Personnel changes at FNSA Fuel
27 Sep IMO celebrates shipping's green credentials
Secretary-General calls on governments to ratify IMO conventions to tackle ship pollution.
In Full
27 Sep Russian port sees volumes grow
Prices undercutting rivals by over $100 per metric tonne.
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27 Sep Refiners set to boost fuel oil output
Survey shows South Korean exports could soar by 34%.
In Full
27 Sep Rotterdam market quiet this morning
27 Sep Singapore distillate stocks jump again
Residual fuel inventories fell in the week ended September 26.
In Full
27 Sep David Post leaves Kittiwake
27 Sep IMO conventions need 'urgent' ratification, ICS says
Bunker spill liability is one of the six key conventions highlighted as 'matter of urgent priority'.
In Full
27 Sep Shell takes delivery of Zemira
Melbourne-based Zemira is Australia's first Annex I compliant bunker tanker.
In Full
27 Sep Singapore bunker supplier gives up licence
The number of accredited suppliers has shrunk from 76 since the start of this year.
In Full
26 Sep Oil drops on DOE report
'Nothing bullish' in latest US oil inventory data, showing unexpected builds.
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26 Sep ARACON 2007 to tackle hot issues
Amsterdam's first ever bunker conference offers a wide range of current industry issues and unparalleled networking.
In Full
26 Sep UAE player pays record fuel oil price
Tight regional market causing concern though Fujairah bunker premiums easing this week.
In Full
26 Sep Reduced capacity to continue at Santos
26 Sep Rotterdam barge market quiet this morning
26 Sep Suppliers' credit risk up on rising bunker prices
Suppliers 'don't have a handle on their credit exposure', warns Ocean Intelligence MD.
In Full
26 Sep Fuel oil flow to Asia improving
October fuel oil cargo influx from the West at five-month high.
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26 Sep Singapore's elder statesman sends environmental message
High sulphur content bunker oil remains a major pollutant, he says.
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26 Sep MPA signs pact to strengthen oil spill response
Singapore details payments to be made to parties that help in oil spill clean-up operations.
In Full
25 Sep Falling crude gives relief to US bunkers
Prices trending down in marine fuel markets but bearish turn may not last.
In Full
25 Sep Port points to lower growth in emissions
Cargo volumes expanding but reduction efforts keeping port pollution in check.
In Full
25 Sep Danish bunkering firm under new ownership
Company expects stronger position after management buyout supported by Icelandic equity fund.
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25 Sep BP wins Singapore Bunker Award
The oil major expects Singapore's bunker sales volume to hit 30 million mt this year.
In Full
25 Sep Lubes push up operating costs
Index shows jump in ship operating cost as lube oil price increases filter through.
In Full
25 Sep Rotterdam market remains quiet
25 Sep Singapore MGO hits new high
Singapore bunker prices easing after record levels on Monday.
In Full
25 Sep Dubai World signs up for Johor mega-project
$4.7 billion Malaysian maritime hub would include oil terminal and cargo handling facilities.
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24 Sep California seeks to enforce banned fuel rules
State agency launching appeal and planning stricter main engine standards.
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24 Sep Chemoil snaps up companies
Stable of interests expanding with latest acquisitions.
In Full
24 Sep Barron's sees bright Aegean future
Analysts predict growing market share and double-hull advantage.
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24 Sep Baltic supplier expands its operation
Bunker tanker acquired to back move into major Latvian port.
In Full
24 Sep Rotterdam market quiet at midday
24 Sep Supplier to charge owners for redundant claims
Says owners are routinely lodging unnecessary claims which are costing suppliers time and money to resolve.
In Full
24 Sep Sethusamudram project 'to be completed on time'
The Indian government remains committed to the controversial ship canal project, despite protests.
In Full
24 Sep Singapore: Five bunker samples needed
MPA to revise the SS CP60 to require an additional sample to be taken for fuel quality testing programme.
In Full
21 Sep Bunker prices hit new highs
All-time records being posted today after week of rampant crude rises.
In Full
21 Sep Cold ironing record set in Los Angeles
Spotlight on ship visit as port highlighting low-emissions alternatives.
In Full
21 Sep Chemoil sells storage tanker
Company says VLCC’s deployment was ‘a short-term measure’.
In Full
21 Sep October start for new lube blending plant
Modern blending facility being commissioned by Lanka IOC could offer marine lubricants soon.
In Full
21 Sep Container line blames bunker costs for weak results
But Maersk Line expects to return to profit before the end of the year.
In Full
21 Sep Singapore sees ‘surge’ in demand
Tankers bound for the Middle East have 'doubled' their bunker intake.
In Full
21 Sep Rotterdam market remains firm
21 Sep Analysts divided on oil price trend
Opinions split over whether crude oil prices may soar to $100 or crash to $50.
In Full
21 Sep Investments in Iranian ports surge
Private sector eager to be involved in port-based projects, including in development of bunker facilities.
In Full
21 Sep Fujairah takes ExxonMobil cargo
Fuel oil parcel for October-loading will help alleviate shortages.
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21 Sep Japan plans fuel-efficiency standards for ships
Fuel-efficiency project will focus on developing a carbon emissions index.
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21 Sep Supplies of 380 cst material suspended
Taiwan's state-owned supplier says it is not clear when Taichung's 380 cst supplies will resume.
In Full
21 Sep HK think tank urges action on air pollution
Hong Kong should learn from the successes of cities like Los Angeles.
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20 Sep Shell refinery back in operation
But restart taking 96 hours until full production resuming, keeping supplies tight.
In Full
20 Sep Silicone coating fuel savings confirmed
ULCC achieves 8% fuel reduction, large container ships could cut annual CO2 emissions by nearly 25,000 mt.
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20 Sep South Africa to upgrade its ports
Infrastructure projects could boost bunker demand.
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20 Sep Durban bunker operations continuing as normal
Three berths remain closed after this week's explosion and fire at storage terminal.
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20 Sep UK ship broker drops bunker trading
Braemar Shipping Services reports strong first half results.
In Full
20 Sep Bunker industry association 'stagnating'
IBIA members back calls for structural change as association looks for 'clear focus'.
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20 Sep Rotterdam: Many suppliers fully booked till Sunday
20 Sep Singapore: Residual fuel stocks at 15-week high
High bunker fuel prices have slowed demand for residual fuel.
In Full
20 Sep Busan plans cold ironing facility
South Korea's largest bunkering port to install cold ironing system at eight berths.
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20 Sep Dalian port suspends traffic
Chimbusco says bunker deliveries subject to weather conditions.
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19 Sep Oil's rise unchecked by DOE report
Futures markets firming for the third day running amid stockpile numbers update.
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19 Sep Terminal operator announces expansion plans
New capacity adding $85 million to capital spending bill.
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19 Sep Indian oil company eyes Singapore bunker market
Bharat Petroleum in joint venture with US supplier.
In Full
19 Sep Chemoil issues profit warning
Lingering 'floating storage issues in Singapore' hit third quarter results.
In Full
19 Sep Rotterdam market continues to remain firm
19 Sep Explosion at Durban terminal
Firefighters bring flames under control; ships evacuated as a safety precaution.
In Full
19 Sep Asian bunkers prices bullish
Movements in Asian bunker prices mirror WTI crude oil price on NYMEX trading.
In Full
19 Sep ExxonMobil offers October cargo
Fuel oil cargo expected to be sold into the Fujairah bunker market to ease shortages.
In Full
19 Sep Bunkering resumes in Taiwan
Deliveries back to normal after typhoon passes.
In Full
19 Sep Typhoon Wipha reaches China
Operations at several ports, including Shanghai, are suspended.
In Full
18 Sep IMO calls for 'new ethical mindset' on the environment
World Maritime Day seeing body celebrating successes but calling for more action.
In Full
18 Sep Association bemoans SECA 'confusion'
Liability issues being raised with mismatch of European implementation dates.
In Full
18 Sep O.W. Bunker South Africa change of address
18 Sep New hopes for Indian bunker terminal
Cochin Port Trust says state authorities have agreed to allow tax exempt supplies.
In Full
18 Sep New call for agreement on fuel testing
Fuel testing agency says standard laboratory procedures would help resolve bunker quality disputes.
In Full
18 Sep Industry association calls for more involvement
IBIA chairman says if members want it to be a social club 'they may have the wrong chairman and wrong secretariat'.
In Full
18 Sep Rotterdam market firm
18 Sep Chemoil to buy stake in Calsoft
Chemoil announces open offer to acquire a 20% stake in the India-listed software firm.
In Full
18 Sep 'Super Typhoon' disrupts Taiwan bunker market
Chinese Petroleum Corp office closed; major ports affected.
In Full
17 Sep No relief for bunkers from oil
Crude prices still firming but mixed picture from other markets.
In Full
17 Sep California pushes on despite legal setback
New fuel rules still in play as state agency reviewing court case loss.
In Full
17 Sep Operation to remove bunkers 'a success'
Gibraltar says salvage operation can move into 'its next phase'
In Full
17 Sep Cold ironing winning support in Europe
But German ship owners' association doubts its practicality.
In Full
17 Sep New blow to Sethusamudram Ship Canal
Indian government wavers over support for project as protests gain momentum.
In Full
17 Sep Rotterdam market stable at midday
17 Sep Aegean shares surge to record
Analyst optimistic about bunker suppliers' prospects.
In Full
17 Sep Japan: July bonded sales fall
Bunker fuel sales fall 21.6% year-on-year and 7.1% on month.
In Full
14 Sep Biodiesel bunker tanker welcomed
Summer a busy season for new operation, with expansion likely.
In Full
14 Sep Fresh attack on 'distillate proposal'
Report claims some tanker owners are protesting INTERTANKO's position.
In Full
14 Sep ARA low-sulphur bunker market still taking shape
Low-sulphur demand could force bunker business to 'fragment'.
In Full
14 Sep Rotterdam market quiet at midday
14 Sep Sri Lankan supplier wants larger market share
Supplier launches a new double-hulled bunker tanker, bringing its fleet to four.
In Full
14 Sep Shell to operate Zemira in Melbourne
New bunker tanker is expected to start making deliveries next week.
In Full
14 Sep Hurricane Humberto shuts refineries
Several port waterways and ship channels closed too.
In Full
14 Sep Sri Lankan bunker project facing delay
Disagreements over construction contract, but backers say first phase work should still be on schedule.
In Full
14 Sep Titan negotiating China licence
More details have been emerging of Titan's plans for bunkering in mainland China and Hong Kong.
In Full
13 Sep Bunkers follow crude's relentless rise
Still shy of record highs, but US marine fuel markets respond at last.
In Full
13 Sep Port on a roll with 'green' award
Green Port Policy grabs top title for the second year running.
In Full
13 Sep 'Good avails' despite refinery turnaround
But problems reported despite three majors still quoting.
In Full
13 Sep No end to Fujairah shortages
Cut in Iranian exports 'could last to the end of the year'.
In Full
13 Sep Oil storage terminal on target for January opening
Chemoil says it remains ready to lease 'excess storage' at Helios terminal to third parties.
In Full
13 Sep Rotterdam market firm
13 Sep High demand despite bullish price
Players in Singapore, Hong Kong and Japan say spot enquiries are up.
In Full
13 Sep Singapore fuel oil stocks rise
Middle distillate stocks also jump in the week ending September 12.
In Full
13 Sep AZRB positive on oil and gas business
Latest acquisition gives the Malaysian firm stake in storage and port operator.
In Full
13 Sep Singapore's bunker sales set new record
MPA releasing August and year-to-date figures.
In Full
13 Sep Dispelling the fog over Tanjung Bin
In an exclusive interview, KIC chief explains to Bunkerworld the long-standing tussle over the development rights of Malaysia's bunkering island.
In Full
12 Sep Crude draw sends prices even higher
New all-time record on futures exchange as DOE report spooks nervous markets.
In Full
12 Sep Warning on distillate fuel switch cost
Billions of dollars and CO2 penalty for wholesale conversion away from fuel oil bunkers.
In Full
12 Sep Confidence holds in dry-bulk sector
Freight rates double last year's levels.
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12 Sep Insurer warns of rise in 'dubious spill claims'
P&I Club renews attack on European Union's approach to oil pollution at sea.
In Full
12 Sep Titan looking to enter Hong Kong bunker market
Chief executive says it wants to 'break the mould'.
In Full
12 Sep Rotterdam bunkers firm in line with crude
12 Sep Titan shipyard launches second bunker tanker
Shipyard still has 20 vessels on order to be delivered by 2009; Titan Spirit to head for Singapore.
In Full
12 Sep Pakistan refiner plans ex-pipe bunkering
Plans are underway to build facilities for ex-pipe bunkering from terminals to jetties.
In Full
12 Sep New bunker trading firm in Australia
Universal Bunkering takes on staff and business of Braemar Seascope Pty. Ltd.
In Full
12 Sep ExxonMobil confirms Singapore cracker project
Refiner says new unit will not mean less product for the bunker market.
In Full
11 Sep OPEC stuns markets
Cartel announcing opening of the taps, but surging markets unimpressed.
In Full
11 Sep MAN reveals record-breaking, low-NOx engines
New ship engines for meeting special 'operational and environmental requirements'.
In Full
11 Sep Fratelli in mourning over loss of chairman
Anniversary year seeing sad occasion for company as announcement made.
In Full
11 Sep SECA regulations trigger increased sales
UK supplier says demand has almost doubled.
In Full
11 Sep Replenishment for Montevideo
Uruguay refiner to release product to the bunker market.
In Full
11 Sep Fujairah differential still widening
IFO bunker prices in Middle East hub $15 per mt above Singapore as fears of product shortage continue.
In Full
11 Sep Avails in South Korea tighten
Two South Korean refiners have reduced bunker fuel output due to maintenance.
In Full
11 Sep Singapore: Pratt Bunkering Services to move
11 Sep Bominflot Group welcomes traders in UAE and India
11 Sep Work going ahead on Malaysia's bunker hub
KIC chief says shareholding issues are being resolved.
In Full
10 Sep Industry rejects CO2 arguments
Polling revealing refining emissions no barrier to low-sulphur bunkers.
In Full
10 Sep Bunkers International unveils new expansion
Volume boost and new barge as supplier looking to offer buyers new options.
In Full
10 Sep UAE awards contract for pipeline project
Engineering and design contract for the Fujairah pipeline project goes to WorleyParsons.
In Full
10 Sep Bunker privatisation still under attack
Sri Lankan supplier throws its weight behind court challenge to LMS sale.
In Full
10 Sep Fuel oil markets to 'tighten'
OPEC policy on crude oil quotas is adding to fuel oil's strength.
In Full
10 Sep Rotterdam market stable
10 Sep IMO official explains sulphur status
MARPOL signatory states may agree tighter sulphur definitions and test principles before revised Annex VI comes into force.
In Full
10 Sep KIC plans vessel acquisition
Four new vessels should be on order by the middle of next year.
In Full
10 Sep August retroactive price down from record
NYK, Nippon Oil agree to cut bunker fuel price for August from July's record of $419.20 pmt.
In Full
07 Sep Houston prices on the rise, again
Avails under pressure from busy week amidst firmer fundamentals.
In Full
07 Sep Fresh legal action targets ship engines
Environmental groups saying 'no reason to delay' regulations to reduce pollution.
In Full
07 Sep Marine fuels veteran joins Aegean
Stephen T. Leonard from WFS appointed as Aegean's Vice President of Americas
In Full
07 Sep Changes at the top for IMAREX
Michelet steps in as Mortensen bows out.
In Full
07 Sep Fuel oil trade falls from record
IMAREX fuel oil transaction volumes nearly halved from July's record but up from a year ago.
In Full
07 Sep US port workers hospitalised
Oakland port workers falling ill after exposure to noxious fumes during bunkering operation.
In Full
07 Sep Universal Terminal targets 2008 operation
Singapore's largest oil storage terminal to be ready by first-quarter 2008.
In Full
07 Sep Bunkers excluded from ship's mortgage
An Australian court has ruled that a bank's mortgage over a ship does not include its bunker fuel or lubricating oil.
In Full
07 Sep Firms fight for stake in Malaysia's bunker hub
Final shareholding equity of APH, the developer of the bunker hub, remains undecided.
In Full
07 Sep Tokyo resumes bunker loadings
Typhoon Fitow heading north, decreasing in strength and speed.
In Full
06 Sep Arguments not 'persuasive' in bunker fuel court case
Judge not convinced by California position on distillate fuel use in striking down of local rules.
In Full
06 Sep Source of spill remains a mystery
Coast Guard still working to determine origin of spill as clean-up continuing.
In Full
06 Sep Shell refinery forced to close
Local bunker markets under further pressure from government action.
In Full
06 Sep Crude up following US oil inventory drain
Stocks of crude and gasoline drop more than expected, sending WTI to five-week high.
In Full
06 Sep Middle East bunker squeeze continues
Cuts in key Iranian fuel oil exports expected during September and October.
In Full
06 Sep Rotterdam market remains firm
06 Sep Russian oil flows falling
Shipments via Estonian at new low and St. Petersburg exports set to fall in September.
In Full
06 Sep EMSA vessel 'not involved' in New Flame operations
Gibraltar government stressing that it has not requested EMSA intervention.
In Full
06 Sep Singapore: Residual fuel stocks up
Middle distillate inventories at five-week low.
In Full
06 Sep Australia Bunkering welcomes new trader
06 Sep OceanConnect to open office in Japan
Company source says Tokyo office should be running by end-September.
In Full
06 Sep Oil leaks from sunken ship
Philippine officials say oil is coming from a 34-year old wreck.
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06 Sep Typhoon halts Tokyo bunker deliveries
Bunker deliveries expected to resume on Friday.
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05 Sep Save 10% on bunker bills
Ship monitoring can improve performance and reduce fuel costs, company saying.
In Full
05 Sep BORCO sale halted
PDVSA decides not to sell Bahamas terminal after shortlisting buyers.
In Full
05 Sep African expansion for Aegean
New service centre opening in 2007 to explore opportunity for growth in West African bunker market.
In Full
05 Sep Rotterdam market stays firm
05 Sep SEACARD system goes global
Developers of SEACARD programme to introduce online fuels ordering system to commercial market.
In Full
05 Sep Maersk ship runs aground
Cause of accident remains unknown.
In Full
05 Sep Oil rises as OPEC output hike remains unlikely
Qatar Energy Minister said OPEC has no plans to raise output ahead of its meeting next week.
In Full
05 Sep UBT opens Hong Kong office
05 Sep Standard & Poor's lowers Titan rating outlook
Titan's existing businesses will continue to be affected by weak VLCC rates and high bunker costs.
In Full
05 Sep Australia: New Gladstone cargo due this weekend
05 Sep Ceypetco to start in October
Sri Lanka's new supplier hopes to attract new business with competitive bunker prices.
In Full
04 Sep Bunker spill cause still under dispute
Parties disagreeing over cause of grounding that saw over 1,000 tonnes of fuel spilled.
In Full
04 Sep New barge rules enacted
Coast Guard requiring additional measures to protect against oil spills.
In Full
04 Sep IMAREX reports positive second quarter
Freight and fuel oil trades up from a year earlier.
In Full
04 Sep Aegean acquires another tanker
Expansion continues with second-hand tanker expected to be deployed in UAE, share price going strong.
In Full
04 Sep Team expansion for O.W. Risk Management
04 Sep Russian oil export duties confirmed
New record duty on crude oil and 11% gain in export tax for fuel oil.
In Full
04 Sep European bunker surcharges left steady
BAFs for FEFC member lines unchanged after months of hikes.
In Full
04 Sep Rotterdam market remains firm
04 Sep Hurricane Felix threatens Central America
Category 5 storm could have 'catastrophic' impact.
In Full
04 Sep Damaged IFO pipeline may take 'years' to repair
Pipeline to Karachi and Bin Qasim ports could be out of service for 'two to three years'.
In Full
04 Sep Titan concludes deal to buy Chinese shipyard
Hong Kong-listed arm will own 100% stake in Titan Quanzhou Shipyard.
In Full
03 Sep Bunkers suspected in Puerto Rico pollution
Cleanup begins as origin of extensive slick remains unknown.
In Full
03 Sep Spain calls in EMSA as 'New Flame' deteriorates
Bunker tanker in EMSA pollution response scheme headed for Algeciras Bay.
In Full
03 Sep Players fear unfair sulphur penalties
Industry insiders say ISO test principles must prevail when testing sulphur content.
In Full
03 Sep Profit slips at Fyffes
Higher bunker prices take their toll on first-half result.
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03 Sep Rotterdam market firm
03 Sep O.W. Bunker Far East welcomes new trader
03 Sep Ports sign environmental partnership
Rotterdam and New York/New Jersey to work together to reduce air pollution.
In Full
03 Sep Supply of 180 cst product remains suspended
Saudi Aramco postpones restart of sales to end of October.
In Full
03 Sep Titan sees profits grow more than 100%
Growth in non-VLCC businesses spurs earnings over first half of 2007; double-hulled bunker tanker to be in Singapore by end-2008.
In Full
03 Sep New barge operator in Taichung
Bunker deliveries in Taiwanese port now require three working days notice.
In Full