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News Archive

Bomin launches 2020-compliant ULSFO in ARA
24 May 2018
Ultra-low-sulphur fuel oil product has a maximum sulphur content of 0.1%.

BPA calls for 'credible evidence' on emissions as UK issues 'tight' air quality deadline
23 May 2018
'Lack of credible evidence behind [Clean Air] strategy is concerning,' says British Ports Association.

UK sets out plan to tackle maritime emissions
23 May 2018
Clean Air Strategy includes measures related to ECAs, zero-emissions shipping, greener fuels and port air quality.

Oil and fuel oil hedging market update
23 May 2018
By the Oil Desk at Freight Investor Services.

Oil prices fall slightly back after weeks of increases
23 May 2018
By A/S Global Risk Management.

Monjasa appoints DNV GL ahead of 2020 sulphur cap
23 May 2018
DNV GL named as external auditor as bunker firm prepares for sulphur cap implementation.

Aegean appoints chairman, but no 2017 report until after Audit Committee review
23 May 2018
Donald Moore named as chairman; company plans to move from Melisanidis-owned premises.

First LNG bunkering of Fure Vinga in Europe
22 May 2018
Nauticor and Fenosa team up to supply vessel with 120 tonnes of LNG in truck-to-ship delivery.

Corvus energy storage system selected for five all-electric Fjord1 ferries
22 May 2018
Latest order for energy storage systems (ESS) follows previous Fjord1 order in November.

Wartsila LNGPac reaches 100th order milestone
22 May 2018
Fuel gas handling system's 100th order since its first installation in 2011.

Oil and fuel oil hedging market update
22 May 2018
By the Oil Desk at Freight Investor Services.

MPA issues smoke emission reminder, warning
22 May 2018
Reminds shipowners to 'take all necessary measures' to avoid excessive emission of soot, ash or dark smoke.

Brent remains close to $80
22 May 2018
By A/S Global Risk Management.

Two more registries approve e-Orb Oil Record Book software
21 May 2018
Malta and Hong Kong endorse use throughout their fleets for the recording of Oil Record Book entries.

Brightoil's Audit Committee 'negotiating' with adviser; results release date still unknown
21 May 2018
Negotiations said to be centred around independent adviser's recommendations.

Brightoil's Singapore CEO and head of bunkering steps down
21 May 2018
Wang Wei decides not to seek shareholder re-election; confirms no disagreement with board.

ICS urges IMO action to avoid sulphur cap 'chaos'
21 May 2018
Warns of 'unholy mess with ships and cargo being stuck in port'; calls on EC to respect CO2 reduction strategy.

Oil and fuel oil hedging market update
21 May 2018
By the Oil Desk at Freight Investor Services.

KC LNG unveils 'game-changer' Y-piece that slashes bunker delivery times
18 May 2018
Attachment makes it possible to refuel a ship with LNG at double the speed of normal truck-to-ship bunkering.

Maersk COO explains unit cost at fixed bunker price, outlines fuel efficiency plan
18 May 2018
Soren Toft offers further insight into the Ocean segment's bunker-related results.

Brent remains near $80
18 May 2018
By A/S Global Risk Management.

Oil and fuel oil hedging market update
18 May 2018
By the Oil Desk at Freight Investor Services.

MAN Diesel & Turbo joins SEA\LNG
18 May 2018
Manufacturer says SEA\LNG's vision is 'well aligned' with its strategy.

Crew member files lawsuit against Vane Line Bunkering
17 May 2018
Plaintiff alleges that 'negligence, carelessness and recklessness' of Vane Line resulted in his injury.

GoodFuels secures funding from Dutch investment firm
17 May 2018
Investment to be used to boost product development and accelerate international growth.

Maersk Ocean profit impacted by higher bunker costs... which surge to almost $1.2bn
17 May 2018
Total spend on bunkers jumped YoY by 52.7% following Hamburg Sud takeover, whilst average fuel price was up 19.3%.

Oil and fuel oil hedging market update
17 May 2018
By the Oil Desk at Freight Investor Services.

Oil at three-and-a-half-year high on inventory deviations, geopolitical uncertainty
17 May 2018
By A/S Global Risk Management.

KPI Bridge Oil announces Group Marketing Manager promotion
17 May 2018
Alysha Chambers is promoted from Group Marketing Coordinator to Group Marketing Manager.

Praxis looking to hire bunker trader in Singapore
16 May 2018
Bunker firm aims to expand its trading team with new addition.

OceanConnect seeks bunker ops specialist in Singapore
16 May 2018
Aims to employ candidate with experience in fuel buying and/or sales operations in the Asian bunkering and shipping industry.

Biofuel comes out on top in another Lloyd's Register-UMAS report
16 May 2018
Study concludes that biofuel is currently the most affordable zero-emission option for shipping.

Renewable energy for shipping discussed in IMO debate
16 May 2018
Decarbonized electricity and renewable electricity from hydropower covered at IMO 70 Forum.

Oil and fuel oil hedging market update
16 May 2018
By the Oil Desk at Freight Investor Services.

Brent reached new highs of $79.47 before retracing to $78.2
16 May 2018
By A/S Global Risk Management.

Rotterdam posts Q1 rise in bunker sales
15 May 2018
Sales of marine fuel and lubricants (excluding LNG) were up 2.7% YoY and 5.1% QoQ.

New white paper examines benefits of Maersk Fluid Technology's BOB on system oil
15 May 2018
BOB is said to improve the system oil, making the engine more efficient and reducing fuel consumption.

Monjasa wins Best Compliance Award in Dubai
15 May 2018
Bunker firm recognised by the Dubai Multi Commodities Centre (DMCC) for its compliance approach.

Oil and fuel oil hedging market update
15 May 2018
By the Oil Desk at Freight Investor Services.

Will Brent reach $80 this week?
15 May 2018
By A/S Global Risk Management.

ING loses appeal in OW Bunker case involving US supplier
14 May 2018
US Court of Appeals upholds judgment that funds should be distributed precisely as the parties intended.

Singapore posts mixed bunker sales results in April
14 May 2018
April volumes higher than March but lower YoY; 380 cSt sales decline while 500 cSt and LSMGO record increases.

US oil production up; uncertainty over potential reimposing of sanctions on Iran
14 May 2018
By A/S Global Risk Management.

Oil and fuel oil hedging market update
14 May 2018
By the Oil Desk at Freight Investor Services.

Hapag-Lloyd's Q1 bunker consumption jumps 37% post UASC merger, records $34.3m loss
14 May 2018
Shipper says 18.8% bunker price rise 'had a negative impact on earnings'.

Total to offer LNG bunkering service in Oman
14 May 2018
Supplier plans to use feedstock from exploration project and develop a new liquefaction plant in Sohar.

Japanese owner fined $1m for illegally discharging oily waste
11 May 2018
Convicted and sentenced for obstruction of justice and falsification of an Oil Record Book to cover up pollution.

Case study on world's first purpose-built LNG bunkering vessel published
11 May 2018
Designed to illustrate the challenges Gas4Sea faced when developing LNG bunkering services in North West Europe.

North P&I urges shipowners to 'act now' ahead of 2020 sulphur cap
11 May 2018
P&I club concedes that the process of selecting a compliance option 'is not a simple choice'.

MPA outlines funding eligibility for distillate MFMs in Singapore
11 May 2018
Bunker tankers licensed by the MPA on April 26 will be eligible - except those that received MPA financing for fuel oil MFMs.

Oil and fuel oil hedging market update
11 May 2018
By the Oil Desk at Freight Investor Services.

The uptrend in oil prices continues
11 May 2018
By A/S Global Risk Management.

VPS flash point distillate alerts already up to 10 - just one less than the whole of 2017
10 May 2018
Follows a number of low flash point alerts in Europe and North America in recent months.

Fincantieri launches fuel-efficient cruise ship with scrubber
10 May 2018
Viking Jupiter is sixth in a series of vessels for Viking Ocean Cruises.

Two JVs formed for launch of LNG bunker business in central Japan
10 May 2018
K Line, NYK, Toyota Tsusho and Chubu Electric Power agree to launch an LNG supply operation in the Chubu region.

Odfjell posts Q1 rise in bunker costs and $12.1m net loss
10 May 2018
Believes chemical tanker market will improve in Q2; expects 'stable' results for terminal business throughout 2018.

Oil and fuel oil hedging market update
10 May 2018
By the Oil Desk at Freight Investor Services.

UK's MAIB to investigate engine fire that ended bunker-saving plan to revive Zeebrugge to Rosyth route
09 May 2018
Fire ultimately resulted in route being closed despite EUR 6m project designed to slash bunker costs.

The importance of calculating ship fuel consumption
09 May 2018
Bell Flow Systems discusses how it was recently involved in the installation of a fuel consumption system for The Spirit of Samso.

KPI Bridge Oil moves to different floor of Singapore skyscraper, hires trader
09 May 2018
Bunker firm stays in One Raffles Place, appoints experienced high seas specialist Zoe Tang.

Emissions 'black box' project shows digitalisation is 'likely key' to sulphur cap enforcement: DMA
09 May 2018
Technology recently tested in the Baltic Sea with the aim of improving sulphur emissions monitoring.

US withdraws from the 2015 Iran nuclear deal
09 May 2018
By A/S Global Risk Management.

Oil and fuel oil hedging market update
09 May 2018
By the Oil Desk at Freight Investor Services.

Class contract signed for two Royal Caribbean ships powered by LNG and fuel cells
08 May 2018
'The ships could potentially be some of the most fuel-efficient cruise vessels ever constructed', says DNV GL.

ICS raises concerns over 2020 fuel availability and agreed standards
08 May 2018
Association calls on IMO to 'urgently resolve' these issues within the next 18 months.

Shell Marine expands lubricants network in New Zealand, Indonesia, Spain and Chile
08 May 2018
'Country-wide commitment' in New Zealand follows release of trade growth data.

Wartsila to design and equip PSA Marine's new LNG-fuelled harbour tug
08 May 2018
Vessel to feature two Wartsila 20DF dual-fuel engines and LNGPac fuel storage and supply system.

Oil and fuel oil hedging market update
08 May 2018
By the Oil Desk at Freight Investor Services.

Trump set to announce today if US will remain in Iran nuclear deal
08 May 2018
By A/S Global Risk Management.

Uptrend continues; market ignores oil rig count increase
07 May 2018
By A/S Global Risk Management.

Stena Oil to build bunker terminal in Frederikshavn
04 May 2018
Facility set to be the largest of its kind in Scandinavia with a capacity of 75,000 cubic metres.

Top Ships extends time charter for fuel-efficient 'Eco' tanker
04 May 2018
Six-month extension with BP Shipping means charter coverage for 2018 is now at 100%.

Intraday volatility continues to be high as markets seem focused on short-term
04 May 2018
By A/S Global Risk Management.

Oil and fuel oil hedging market update
04 May 2018
By the Oil Desk at Freight Investor Services.

Panama Maritime Authority recognizes Prevention at Sea's oil record book software
04 May 2018
Prevention at Sea is now an authorized manufacturer and distributor of the Panamanian Oil Record Book in electronic format.

Balearia launches second fuel-saving 'eco fast ferry'
04 May 2018
The Eco Lux begins operating between the islands of Ibiza and Formentera.

Finnlines orders three hybrid ro-ro ships with scrubbers
04 May 2018
Vessels are to use fossil fuel whilst sailing and electricity when in port.

Prosecutor demands minimum five-year sentence for former OW Bunker director
03 May 2018
Case nears its conclusion as Dynamic Oil Trading's former CEO, Lars Moller, awaits verdict.

The Aegean board U-turn: From founder's son to shareholder group nominees in 71 days
03 May 2018
How Aegean went from almost incorporating Melissanidis's son and HEC's CEO to adding vocal shareholder group nominees instead.

BIMCO's Documentary Committee approves revised bunker contract
03 May 2018
BIMCO expects inclusion of liability cap - along with other changes - will lead to a wider adoption of the contract.



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