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Home » News » News Archive - May 2008

	News Archive - May 2008
	Chemoil opens sales office in Greece 30 May 2008 12:05 GMT Supplier strengthens its global network with launch of new sales office in Athens.
	Fisheries Commissioner rules out fuel subsidies 30 May 2008 10:10 GMT EU calls for fishery sector to be restructured to create fuel-efficient fleets.
	Explosion at fuel oil-producing refinery 30 May 2008 08:07 GMT Blast at Kirishi oil refinery near St Petersburg. Production unaffected.
	Euro fishermen join price hike protest 29 May 2008 10:15 GMT Fishermen in Europe protest against the rise of marine fuel prices.
	120,000 mt cargo of 180cst is offered 29 May 2008 08:09 GMT Indian oil firm offers fuel oil cargo for loading in the second half of June.
	Wallenius Wilhelmsen calls for cuts in CO2 emissions 28 May 2008 17:35 GMT CEO urges the maritime industry to take steps to preserve the maritime environment.
	Petrobras unit orders new tankers 28 May 2008 10:17 GMT New phase of tanker orders is launched with planned tenders for 23 vessels.
	US firm develops marine fuel catalysts 28 May 2008 08:16 GMT Product range aims to reduce maintenance costs and improve engine performance.
	Oil spill recovery vessel tender announced 27 May 2008 17:35 GMT Tender launched for oil pollution recovery vessels along the Atlantic European coast.
	Horizon cancels fuel surcharge hike 27 May 2008 10:18 GMT Ocean shipper in u-turn over fuel surcharge after competitor maintains current rates.
	IOC mulls bunker partnership in Turkey 27 May 2008 08:10 GMT Indian Oil Corporation considers possible marketing agreement with Turkish energy firm.
	Aegean Marine Petroleum appoints new Director 23 May 2008 10:15 GMT Ex-Diana Shipping CFO joins Aegean's Board of Directors.
	US bill to cut ship emissions is approved 23 May 2008 08:23 GMT Senate Committee approves measure for ships in US waters to burn cleaner fuel.
	Indian oil firm sells 380cst cargo 22 May 2008 10:11 GMT 90,000 metric tonne cargo of 380cst fuel oil is sold to winning bidder.
	Pakistan to buy 500,000mt of 170cst 22 May 2008 08:12 GMT Pakistan State Oil issues tender for delivery of low sulphur fuel oil in Karachi.
	EACL raises surcharge to 54.56 percent 21 May 2008 12:20 GMT Trade Association revises surcharge for southbound routes amid continued rise in bunker prices.
	Shipping firm maintains fuel surcharge 21 May 2008 10:10 GMT US ocean shipper decides not to raise surcharge for the first time since January 2007.
	Bunker supplies disrupted by strike at Fos 21 May 2008 08:02 GMT One-day strike by port workers and fishermen affects bunkering activities at Fos-Lavera terminal.
	Buyers bid for 90,000mt 380cst cargo 20 May 2008 12:35 GMT Indian refining company assesses bids for fuel oil cargo.
	GS Caltex to build $2.8b refinery 20 May 2008 10:32 GMT New HOU will be capable of processing 266,000 barrels of heavy fuel oil per day.
	Fire at Gazprom Neft refinery is extinguished 20 May 2008 08:25 GMT Minimal disruption to production at the Omsk refinery reported.
	AP Moller-Maersk records $1.1 billion profit 19 May 2008 18:25 GMT Shipping and oil group neary triples its profits in the first quarter of 2008.
	US cruise firm increases fuel surcharge 19 May 2008 10:10 GMT President highlights the impact of bunker prices on the cruise industry.
	Majestic raises fuel surcharge 19 May 2008 09:24 GMT US river cruise line firm ups surcharge for bookings made from 19th May.
	Dan-Bunkering appoints trader in Russia 16 May 2008 10:58 GMT New bunker trader joins company's representative office in Kaliningrad.
	Chevron to raise storage capacity in Panama 16 May 2008 10:14 GMT Oil major announces it will double the storage capacity of its Las Minas facility.
	IOC requests duty drawback on bunkers 16 May 2008 08:32 GMT State-owned firm calls for all-industry rates to make Indian bunker prices more competitive.
	MPA wins Environment Protection Award 15 May 2008 11:10 GMT Oil sludge-into-construction material recycling technology wins award in Singapore.
	US oil demand 2.4% lower than 2007 15 May 2008 10:12 GMT API report says US oil demand continues to lag behind 2007 levels.
	Aegean Marine Petroleum reports Q1 profit rise 15 May 2008 09:09 GMT Profit increase is driven by strong sales growth in Singapore and UAE service centers.
	Singapore firm pays for US bunker spill 14 May 2008 12:35 GMT Shipping company is fined $27,500 for oil spill in Seattle in 2007.
	Petrobras in no rush to buy Aruba refinery 14 May 2008 10:20 GMT Brazilian firm says no deadline date has been set for purchase of Valero refinery.
	Bunker sales hit new record in Singapore 14 May 2008 08:04 GMT Rise in sales of 380cst and 180cst leads to slight increase in total volume sold in April.
	Cruise operator ups fuel surcharge 13 May 2008 14:15 GMT Fuel surcharge is adjusted by cruise company to offset rise in bunker costs.
	MPA offers financial incentive to bunker suppliers 13 May 2008 12:11 GMT Port authority launches assistance scheme for suppliers that comply with SS 524:2006
	US shipping firm raises fuel surcharge 13 May 2008 11:08 GMT Fuel surcharge to be increased on shipments between Hawaii and Guam.
	Colombian firm starts supplying 380cst and 180cst 13 May 2008 10:05 GMT Bunker and lubricants supplier sells 2000mt in first two weeks.
	Marshall Islands accedes to five UN conventions 13 May 2008 09:12 GMT Pacific Ocean nation accedes to UN treaties on marine pollution and safety
	New supplier enters Callao bunker market 12 May 2008 16:36 GMT Competition in Callao increases as supplier looks to benefit from rise in shipping traffic.
	US supplier posts $82 million net loss 12 May 2008 10:06 GMT Declining margins for bottom-of-the barrel products impact on company's Q1 net income.
	WFS posts record marine segment profits 12 May 2008 08:15 GMT $36.9m profit for marine segment helps company achieve better than expected results.
	Malta to host World Fuel Oil Summit 09 May 2008 12:14 GMT One day summit will examine trends and opportunities in the world fuel oil and bunker market.
	Japanese supplier in joint venture agreement 09 May 2008 09:21 GMT Osaka project will raise fuel oil production and output will be exported to China.
	Strike expected at Marseille today 09 May 2008 07:41 GMT Twenty-four hour strike expected to create disruption at Fos-Lavera oil terminal.
	Russian fuel oil exports drop by 71.2 percent 08 May 2008 12:26 GMT Rise in export tax and maintenance work at refineries leads to decrease in outflows.
	Petroplus reports 72% rise in net income 08 May 2008 11:14 GMT Leading middle distillate refiner's first quarter results exceed market expectations.
	MPA issues air pollution warning 08 May 2008 09:10 GMT Port Authority issues warning regarding air pollution and excessive smoke in Singapore.
	EMSA adds oil spill recovery vessel 07 May 2008 12:24 GMT Network of stand-by oil spill recovery vessels in the Baltic Sea is strengthened.
	Kittiwake launches handheld fuel testing kit 07 May 2008 10:34 GMT DIGI Insolubles meter is able to test for contaminants in fuels and lubricants.
	EMSA to launch new pollution programme 07 May 2008 07:13 GMT Marine Pollution Expert Exchange Programme to be launched by EMSA in June.
	Indonesia moves closer to fuel oil price hike 06 May 2008 12:25 GMT President Yudhoyono indicates fuel oil prices could be raised by up to 30 percent.
	NYMEX changes margins for petroleum swap contracts 06 May 2008 10:10 GMT Margins for Singapore fuel oil and European gasoil swap futures contracts are affected.
	Oil surges above $120 a barrel 06 May 2008 06:36 GMT Threats to oil supplies, weak dollar and rising global demand lead to bullish outlook.
	U.S. supplier reports 10 percent rise in net income 05 May 2008 14:24 GMT Drop in U.S and international downstream income offset by rise in upstream earnings.
	Russian export tax on oil hits record 05 May 2008 12:12 GMT Export tax on refined and crude products will reach record high in June.
	Lubrizol announces $73.6m Q1 earnings 05 May 2008 10:17 GMT Ohio firm's Q1 earnings rise compared to 2007. Additives segment revenues surge by 19%.
	UK super yacht supplier in €15m acquisition 05 May 2008 08:25 GMT Specialist yacht fuel supplier acquires yacht service provider for 15 million euros.
	GS Caltex boosts Bunker C processing capacity 02 May 2008 11:11 GMT South Korean refiner raises refining capacity thanks to improved technologies.
	Bunker producing refinery raises output 02 May 2008 09:12 GMT Ghana's Tema Oil Refinery to more than triple its processing capacity.
	Indonesian fuel oil imports fall to 740,000 barrels 01 May 2008 13:10 GMT Imports of oil products and fuel oil for May delivery drop compared to previous month.
	Valero announces 77% drop in net income 01 May 2008 10:24 GMT High crude prices and tight margins lead to drop in profit for the first quarter of 2008.
	Crude oil jumps after U.S. interest rate cut 01 May 2008 07:16 GMT Weakening dollar after interest rate cut leads to crude rise in Asia trading Thursday.

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