Archive News

October, 2016
Date	Headline	Image
Fri28Oct	World Fuel Services: Hanjin Exposure is $18 Million and We Expect to Recover Substantially all of that Amount "But it will be a time consuming process," warns CFO Ira M. Birns.
Fri28Oct	Russian Warships Refuel Off North Africa The news comes days after news that Russia withdrew its request for bunkering warships at the Spanish-North African enclave of Ceuta.
Fri28Oct	World Fuel Services Expands Credit Facility to $2.1 Billion "The transaction was substantially oversubscribed and ahead of initial expectations," says WFS CFO Ira M. Birns.
Fri28Oct	Tight Bunker Avails at China's Qingdao Port Following Typhoons: Market Sources Several sources Thursday said Sinopec stocks were understood to be running low.
Fri28Oct	Grimaldi Group Awarded Shipping Industry's Largest Ever Carbon Credit Issuance, Says AkzoNobel Grimaldi has been presented with a total of 109,617 carbon credits after 14 of its vessels were verified through AkzoNobel's carbon credits programme.
Fri28Oct	Bunker Suppliers Might Not Have a Lien, But That Doesn't Necessarily Mean They're Not Entitled to be Paid "There's this belief out there that liens must exist and someone must have it, and that just isn't the case," Reed Smith Partner Andrea Pincus tells Ship & Bunker.
Thu27Oct	Oil Prices Move Higher as Saudi Arabia Quells OPEC Fears Bunker prices were firm in the primary ports.
Thu27Oct	Panama Canal Highlights Emission Reduction Initiatives at MEPC 70 Panama provided a presentation at MEPC 70, "Contributions of the Panama Canal to Reducing Emissions from International Shipping (MEPC 70/7/1)."
Thu27Oct	2020 Sulfur Cap Decision: This is a Good Day for People all Around the World, says Yara Yves Bonte, Head of Industrial business at scrubber producer Yara has welcomed the IMO decision to implement a 0.5% global sulfur cap in 2020.
Thu27Oct	MEPC 70: IBIA Reiterates Need for Phased Implementation of 0.5% Global Sulfur Cap IBIA says several countries expressed a desire for a phased introduction of the new rule.
Thu27Oct	Weekly Vessel Scrapping Report: 2016 Week 42 Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from October 20 – October 26, 2016.
Thu27Oct	NGOs Welcome IMO Decision on 2020 0.5% Global Sulfur Cap for Shipping Industry Transport & Environment and Seas At Risk say they applaud the decision reached at MEPC 70.
Thu27Oct	Cross-Industry Coalition SEA\LNG Forms Board of Directors SEA\LNG says the board will represent the coalition's membership in making key decisions and promoting SEA\LNG initiatives.
Thu27Oct	UPDATE: IMO: 0.5% Global Sulfur Cap to Take Effect from 2020 MEPC 70 today agreed that a 0.5 percent global sulfur cap on marine fuel will be implemented from 2020, rather than a later 2025 date.
Thu27Oct	OceanConnect Marine Confirms Exit of Singapore Trio Sources tell Ship & Bunker the 3 are heading to Aegean, while OCM MD SI Shim says it "will soon hire new trading personnel to grow our Singapore presence."
Thu27Oct	Suez Canal in Talks with Foreign Carriers for Prepaid Transit Fees for up to 5 Years Maersk Line, CMA CGM, MSC, Hapag-Lloyd, COSCO, and Evergreen are said to be in the negotiations.
Thu27Oct	Cryoline: Innovation in the LNG 'Transfer Zone' There is a quiet revolution in energy transportation, with ramifications for LNG transfer for power generation, or other uses, such as marine energy.
Thu27Oct	Arcadia Shipmanagement to Extend 12-Year Run of Whole Fleet Green Award Certification Arcadia Shipmanagement is a unique certificate holder, says Green Award.
Wed26Oct	Crude Prices Continue to Slide Bunker prices were softening in the primary ports.
Wed26Oct	Gazpromneft Delivers More Than 32,000 Tonnes of Bunkers to Royal Caribbean in St Petersburg Bunkers provided to the cruise giant during the 2016 season is noted to have included 19,000 tonnes of fuel oil and more than 13,000 tonnes of distillate fuel.

Showing 21-40 of 241 articles from October, 2016

May 22

1World Fuel Services Middle East Supply Manager Steps Down

The outgoing manager has worked for the company since June 2014.
May 21

2Oilmar DMCC Opens Danish Branch Office

The firm's new Danish branch is based in Tuborg Havn.
May 19

3Cargill and Hafnia Joint Venture Seascale Energy Launches

The new company is now 'officially open for business', co-CEO Peter Grünwaldt said.
May 22

4GCMD Sees Evidence of Widespread Biofuel Mislabelling

About a third of biofuel samples collected by the GCMD appear to have been mislabelled.
May 21

5Ships Using B100 Need 15% More Fuel to Match VLSFO Range

Wallem Group warns that biofuel's lower energy density, moisture absorption, and fuel system challenges increase operational complexity.

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