Archive News

March, 2017
Date	Headline	Image
Thu30Mar	Less Than Anticipated Inventory Build Causes Market Surge - and New Fears of Looming Supply Crunch But Woodside still thinks the market will be range-bound for at least 18 months.
Thu30Mar	Recalcitrant OPEC Members Pitch in to Up Oil Production Curbs, but Nigerian Exports Set to Rise in May It also remains unclear whether the OPEC cutbacks will extend to the end of the year.
Wed29Mar	New Tech to Expedite Oil Spill Clean Up Tested in U.S. The tests are said to have demonstrated the technology's potential to "become an effective tool for minimising the environmental impact of future oil spills."
Wed29Mar	France Seeks Mediterranean ECA, Say Sources France is reported to have called for the creation of an ECA in the Mediterranean Sea at a European Council meeting earlier this month.
Wed29Mar	Baltic Dry Index Gains Almost 30% in 3 Weeks to Hit Highest Levels in Over Two Years The Baltic Dry Index gained 51 points Tuesday to reach 1333, the highest the index has been since November 2014.
Wed29Mar	World Fuel Services Starts Bunker Supply at Texas Terminal WFS says its exclusive agreement to supply marine fuel at the Sunoco Logistics Nederland Terminal in Texas is now fully operational.
Wed29Mar	SEA\LNG Adds Another Three Members JAX LNG, Petronet LNG, and Toyota Tsusho have become the newest members of the cross-industry coalition aimed at promoting LNG as marine fuel.
Wed29Mar	Oil Will Likely Hit the $60s this Year - But Not Before More Short-Term Pain: Analysts Barclays even suggests that supply and demand is now balanced.
Wed29Mar	Market Boost Due to Libya Disruption is Merely a Blip, Say Experts Wood Mackenzie warns of increasing signs of a growing U.S. supply glut
Wed29Mar	NASSCO Launches of Final of Five APT LNG-Ready ECO Tankers With an 'ECO' design, the tanker series is said to offer 33 percent increase in fuel efficiency.
Wed29Mar	MOL Takes Delivery of LNG-Ready Behemoth Box Ship The MOL Triumph is said to be the world's largest container ship.
Wed29Mar	IBIA and UK Chamber of Shipping Forum to Focus on Preparations for 2020 The event will be held from 8:30 am onwards on April 19 at the UK Chamber of Shipping in London.
Wed29Mar	Maersk Line and AkzoNobel Partner for Carbon Emission Reductions AkzoNobel and Maersk Line have signed a strategic sustainability partnership to reduce carbon emissions per container shipped by 10 percent.
Tue28Mar	Kobe Steel to Market New Heat-Recovering Binary Cycle Power Generation System Kobe Steel's new system is said to be the "first in the world to generate electricity from the exhaust heat emitted by the ship's turbocharger."
Tue28Mar	Shell Unveils LNG Bunkering Vessel Design [VIDEO] The specialised 6,500 cbm LNG bunker vessel has the capacity to supply 1,000 cbm of LNG per hour.
Tue28Mar	Genoil Boosts Management Team with New Special Adviser Douglas A. Phillips will provide strategic input on major transactions and provide advice Genoil's top management.
Tue28Mar	ABS Talks 2020 Sulfur Cap Impact Scenarios at Annual Meetings ABS held its annual National and Regional Committee meetings in London, Copenhagen, and Hamburg in mid-March.
Tue28Mar	Gaz-System Eyes Poland's Gdansk Bay for Possible LNG Bunkering-Capable Vessel The company is conducting a feasibility study for a Floating Storage and Regasification Unit, which could include LNG bunkering.
Tue28Mar	Alfa Laval AFEM Provides 30% Bunker Savings in Two-Year Trial Alfa Laval's Automatic Fuel Efficiency Module is a new modification for reducing the fuel consumption of Alfa Laval Smit Combustion inert gas systems.
Tue28Mar	Know Your Counter Party: Bunkernet Ship & Bunker talks to Nicholas Argyrou, Bunkernet's General Manager, as the company celebrates 10 years in the industry.

Showing 21-40 of 232 articles from March, 2017

May 05

1Potential Shell Acquisition of BP Would Unite Two of Singapore's Largest Bunker Suppliers

BP was listed by the MPA as being in the top ten of its licensed bunker suppliers by volume in 2024, and came in at seventh place in 2023 and sixth in 2022.
May 05

2Glander International Bunkering Managing Director for India Steps Down

The executive had worked for Glander since June 2006.
Apr 30

3Peninsula Hires Bunker Trader in Houston

The new hire was previously director of marine fuel marketing at UET Marine in Houston.
May 01

4Oilmar Hires Former KPI OceanConnect Trader in Denmark

The new hire previously worked as a bunker trader for KPI OceanConnect from May 2024 to last month.
May 05

5Eight OPEC+ Members Announce June Oil Output Boost

The countries will add 411,000 bpd to their output in June.

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