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Home » News » News Archive - August 2008

	News Archive - August 2008
	Ferry operator raises fuel surcharge 29 Aug 2008 11:37 GMT Freight carriers hit with fourfold increase following 'exceptional' increase in bunker costs.
	Fuel costs hit CSCL first-half profit 29 Aug 2008 09:42 GMT Profit plunges 44% on surging costs and a fall in demand.
	OW to launch operations in Australia 29 Aug 2008 08:03 GMT Trading office to be opened in Melbourne in September.
	Titan records half-year loss 28 Aug 2008 11:20 GMT Restructuring plan aims to focus resources on storage and shipyard businesses.
	New barge supplier in Ventspils 28 Aug 2008 09:50 GMT Barge deliveries set to commence at the start of September.
	Cargo ships to submit oil spill response plans 28 Aug 2008 08:02 GMT Coast Guard begins enforcement of oil spill response plans for "nontank" vessels.
	Ship extension project aims to reduce costs 27 Aug 2008 11:41 GMT Small rise in energy consumption is set to reduce operating costs and environmental impact.
	TSA announces record bunker surcharge 27 Aug 2008 10:02 GMT New floating bunker surcharge to come into effect from September 1st.
	DFDS records 28% drop in profit 27 Aug 2008 08:07 GMT High oil prices and difficult market conditions impact on H1 performance.
	MRPL sells 80,000mt fuel oil cargo 26 Aug 2008 10:42 GMT 380-cst parcel is sold by Indian refiner at a premium for the first time.
	Indian firm offers 380-cst parcel 26 Aug 2008 09:25 GMT 30,000-tonne fuel oil cargo is scheduled for loading in September.
	Chemoil acquires terminal in the Philippines 26 Aug 2008 07:37 GMT CEO: Terminal will help Chemoil extend its presence in key regional markets.
	Frontline posts 69% rise in profit 22 Aug 2008 10:52 GMT Rental rates could rise as ships run slower to reduce bunker costs.
	Crude rises more than $9 in a week 22 Aug 2008 10:02 GMT Oil holds above $121 on dollar slump and tensions between Russia and the West.
	Chevron plans lubricant plant in Pascagoula 22 Aug 2008 08:03 GMT Base oil manufacturing facility to produce 25,000 barrels per day.
	Zero emissions yacht to be launched in October 21 Aug 2008 10:04 GMT Revolutionary hybrid combines diesel, solar and electric power.
	German firm supplies fuel savings system 21 Aug 2008 09:03 GMT Decision support system aims to reduce fuel costs and ship emissions.
	California to host emissions workshop 20 Aug 2008 11:33 GMT ARB meeting to discuss greenhouse gas reduction measures.
	Hyundai launches new BAF finder 20 Aug 2008 09:56 GMT BAF calculator is based on shipping firm's new BAF formula.
	T.S. Lines drops bunker levy 20 Aug 2008 08:01 GMT Container carrier decides not to impose Emergency Bunker Surcharge.
	K-Sea announces rise in net income 19 Aug 2008 12:47 GMT Barge operator posts Q4 and end-of-year earnings increase.
	New trader at International Bunkering Middle East 19 Aug 2008 11:41 GMT Ex-ABN Amro Executive joins trading team in Dubai.
	LMS granted extension to vacate land 19 Aug 2008 10:06 GMT Supreme Court gives bunker supplier until September to vacate premises.
	K-Sea announces public offering 19 Aug 2008 08:21 GMT Barge operator to hold public offering of 2 million units.
	High bunker prices help idiotfish 18 Aug 2008 11:21 GMT Price of marine fuel helps protect declining population in British Columbia.
	Lubrizol posts solid Q2 earnings 18 Aug 2008 10:02 GMT Marine fuel additives supplier maintains profit momentum.
	Singapore refinery cuts crude runs 18 Aug 2008 08:04 GMT Reduction in processing rates set to have knock-on effect on local bunker market.
	Canadian firm to close blending facility 15 Aug 2008 11:40 GMT Marine fuel additives company to close Ontario plant in 2009.
	DFDS lowers profit forecast 15 Aug 2008 09:42 GMT Profit growth adjusted on rising bunker costs and difficut market conditions.
	OW Bunker announces 65% rise in profit 15 Aug 2008 08:12 GMT Record half-yearly results driven by strong revenue growth.
	Singapore bunker sales rise above 3m tonnes 14 Aug 2008 10:25 GMT Accumulated bunker sales for 2008 surpass the 20m-tonne mark.
	API: US oil demand at 5-year low 14 Aug 2008 10:04 GMT Weaker demand observed for the first six months continues in July.
	Aegean's profit rises as revenues more than double 14 Aug 2008 08:18 GMT Profit increase driven by rise in the gross spread on marine petroleum products.
	Odfjell profits hit by bunker costs 13 Aug 2008 17:28 GMT No change to operating results unless there is 'a significant move in bunker prices'.
	Petrobras eyes Sri Lanka market 13 Aug 2008 10:08 GMT Brazilian firm's interest follows Ceypetco fuel oil contract deal.
	Black Sea lube supplier to launch new terminal 13 Aug 2008 08:01 GMT Varna facility will enable Bulgarian firm to process larger base oil shipments.
	Shell studies Pernis refinery expansion 12 Aug 2008 17:26 GMT Additional units may be built to produce cleaner-burning fuels.
	OOCL raises BAF by 13.5 percent 12 Aug 2008 10:31 GMT China to Europe and the Meditteranean BAF to come into effect in September.
	Petrobras buys stake in Exxon's Chile unit 12 Aug 2008 09:20 GMT Lubricant and specialty businesses in Chile not part of the deal.
	New employee at Global Risk Management 11 Aug 2008 17:25 GMT Oil Risk Manager appointed at the Danish firm's office in Middelfart.
	Horizon in fuel surcharge u-turn 11 Aug 2008 11:54 GMT Ocean shipper changes surcharge rates to match those of its main competitor.
	Fujairah supplier secures 380-cst cargo 11 Aug 2008 10:41 GMT UAE firm buys 60,000-tonne fuel oil parcel for end-August delivery.
	Wärtsilä-Hyundai wins dual-fuel engine order 11 Aug 2008 09:10 GMT Ships to be fitted with duel-fuel engines that run on natural gas, MDO or heavy fuel oil.
	'Super' lubricant launched for the marine industry 08 Aug 2008 12:01 GMT Multi-purpose synthetic lubricant is said to last 3-4 times longer than base oils.
	WFS posts record marine profits 08 Aug 2008 09:57 GMT Marine segment generates $44.4m profit in the second quarter of 2008.
	Chemoil records $21.4m profit increase 08 Aug 2008 08:08 GMT Q2 profit rise is driven by healthy margins and strong demand within the bunker market.
	NYMEX changes margins for fuel oil contracts 07 Aug 2008 12:21 GMT New margins for fuel oil and gasoil contracts will come into effect from today.
	FEFC announces its final BAF 07 Aug 2008 11:10 GMT Next month's BAF will be the last before FEFC ceases operations in October.
	Indian firm coats ship in bid to reduce bunker costs 07 Aug 2008 09:58 GMT Shipping company aims to lower fuel consumption with latest coating technology.
	Rix launches new bunker tanker 07 Aug 2008 08:02 GMT Latest vessel acquisition is part of UK supplier's US$23m investment programme.
	Singapore MGO drops to lowest price since April 06 Aug 2008 15:10 GMT Marine gas oil price has plummeted by 23 percent since hitting record last month.
	Titan and K Line sign agreement 06 Aug 2008 10:18 GMT Oil logistics firm to receive US$25m to develop its ship repair facilities in China.
	Grindrod increases trading interests 06 Aug 2008 08:05 GMT Cockett Marine owner acquires remaining 50 percent in raw materials specialist.
	NIOC says fuel oil exports will not be halted 05 Aug 2008 15:31 GMT Managing Director quashes claims that Iran will stop exporting fuel oil.
	2,000-litre bunker spill in Yellow Sea 05 Aug 2008 10:07 GMT Clean-up work in progress after bunker tanker leaks fuel oil following collision.
	Japanese firm to cut fuel oil output 05 Aug 2008 09:27 GMT Decrease in fuel oil production could impact on Japanese supplier's marine fuel business.
	Marine fuel catalysts tackle GHG issue 04 Aug 2008 12:14 GMT EPA-registered marine fuel catalysts are designed to reduce greenhouse gas emissions.
	W. Wilhelmsen raises profit by $6.5m 04 Aug 2008 10:19 GMT Q2 income and profit up vs 2007 despite higher bunker prices.
	August output to fall in South Korea 04 Aug 2008 08:03 GMT 90,000 bpd drop in crude runs predicted on refinery maintenance in Yeosu.
	Oregon Attorney General threatens to sue EPA 01 Aug 2008 11:56 GMT Hardy Myers gives EPA formal notice of intent to sue within 180 days.
	Iran stops fuel oil exports 01 Aug 2008 10:04 GMT Decision looks set to have repercussions on bunker supplies in Fujairah.
	Aegean to hold conference call and webcast 01 Aug 2008 08:02 GMT Bunker supplier to discuss financial results for the second quarter of 2008.

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