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Asia News - February 2010

Air blower project to cut CO2 emissions 26 Feb 2010 08:55 GMT

Experiments begin on air lubrication system to reduce CO2 emissions during marine transportation. In Full

Trading platform to price fuel in Wocu 25 Feb 2010 13:34 GMT

Marine fuels trading platform to price bunker fuel in Wocu, alongside USD, from Q2 2010. In Full

Chemoil: 75.6% drop in net profit in 2009 25 Feb 2010 12:52 GMT

Net profit decreases to $11.5 million as sales revenue falls by 33.6 percent in 2009. In Full

Agreement to develop dual-fuel engine 25 Feb 2010 09:23 GMT

New gas-injection, dual-fuel, low speed engine burns any ratio of fuel oil and gas. In Full

Oil firm imports 780,000 mt of HSFO 22 Feb 2010 09:31 GMT

10 cargoes of 65,000 tonnes to be delivered between March and April. In Full

Iran aims for up to 25% of Persian Gulf market 22 Feb 2010 07:28 GMT

Director says Iran's market share in the Persian Gulf looks set to reach 20-25 % by the end of the year. In Full

PSO rejects FAL fuel oil cargo - source 19 Feb 2010 10:58 GMT

Ship carrying LSFO is reported to have been returned for exceeding contracted sulphur levels. In Full

SGX 380-cst contract gets green light in the US 18 Feb 2010 10:41 GMT

Market participants in the US are given the go-ahead to trade the SGX Fuel Oil 380-cst futures contract. In Full

Shell launches lubricants facility in Jebel Ali 12 Feb 2010 08:14 GMT

New Jebel Ali Free Zone storage facility will be used to store product for the marine market. In Full

New terminal development in Fujairah 11 Feb 2010 12:13 GMT

Swiss-based commodity firm announces the start of civil works on an oil storage terminal in Fujairah. In Full

Trading platform to launch in March 10 Feb 2010 10:52 GMT

Marine fuels trading platform aims to create a forward bunker market and help develop a derivatives market. In Full

FAL to shortly receive two new ships 05 Feb 2010 09:44 GMT

Sharjah-based firm increases its capacity with two more vessels from Asia. In Full

New address for Praxis in Singapore 05 Feb 2010 08:02 GMT

Praxis Energy Agents (Pte.) Ltd relocates to new office address in the island city-state. In Full

New Branch Manager for OW Bunker HK 04 Feb 2010 10:17 GMT

Hong Kong manager will also take on the role of Sales and Marketing Coordinator for Asia. In Full

New Regional Manager for GAC Sharjah 03 Feb 2010 11:16 GMT

GAC appoints new Regional Manager for the Middle East & Indian Subcontinent. In Full

Shipbuilder to develop LNG and fuel cell technology 03 Feb 2010 10:44 GMT

South Korean firm unveils its plan to build only eco-friendly ships from 2015. In Full

BP remains top supplier in Singapore 02 Feb 2010 11:38 GMT

Top 20 bunker suppliers at the world's leading port are revealed. In Full

Impact warning: Concession fee on bunkering 02 Feb 2010 08:04 GMT

Shippers warn of the potential economic impact of a new concession fee on bunkering. In Full

New office for Bunkers International 01 Feb 2010 11:03 GMT

Singapore-based Bunkers International (S) Pte Ltd. relocates to new office premises. In Full