Archive News

August, 2013
Date	Headline	Image
Fri30Aug	OW Bunker Gets New India Headquarters "India's bunker market is maturing rapidly," the company says.
Fri30Aug	New Chinese VLCCs to Drop Fuel Use 20% China Merchants Energy Shipping will receive the four tankers in 2016 and 2017.
Fri30Aug	Two Oil Spills Hit U.S. East Coast Officials have not determined the source of either spill at the major fishing port.
Fri30Aug	"Substantially More Fuel Efficient" Ferries Introduced The two new Western Ferries ships promise lower gas emissions compared with the ferries they replace.
Fri30Aug	Hellenic Petroleum in the Red Despite increased refining volume, "record low refining margins" hit results.
Thu29Aug	Crude Markets Fall Back from Multi-Month Highs WTI fell $1.30 to settle at $108.80/bbl, while Brent shed $1.45, settling at $115.16.
Thu29Aug	Synthetic Fuel Maker Inks Deal to Start Maersk Supply The company will begin providing fuel to Maersk this year to conclude performance evaluations.
Thu29Aug	Scorpio Tankers Gets New $429.6M Loan for More Newbuildings The loan, through the Export-Import Bank of Korea and a "leading financial institution" will help finance newbuildings.
Thu29Aug	Euronav Pleased with Energy-Saving Tech The company said Mewis Ducts have been one of the best improvements.
Thu29Aug	Frontline: Tanker Market "Massively Oversupplied" The company said it is looking at scrapping vessels over 15 years old in light of low market rates.
Thu29Aug	NAT Ships "Greener and Greener" The company says it is looking at possible growth through new investments.
Thu29Aug	Tricks of the Bunker Trade: Pumping / Mixing Slops into Bunkers Introducing slops will reduce the actual fuel amount and also can create engine problems.
Wed28Aug	Bunker Markets Firm as Crude Continues to Rise WTI gained $1.09 today, settling at $110.10/bbl, while Brent pushed up $2.33, settling at $116.61/bbl.
Wed28Aug	New Loan for STX Pan Ocean Korea Development Bank says the funds will provide working capital to help the company recover after receivership.
Wed28Aug	Mexico Seeks Maritime Investment From Singapore The nation wants to have "four world-class ports" and a strong shipbuilding industry.
Wed28Aug	LUKOIL Tankers Back to Work after Upgrades The bunkering vessels have been upgraded to comply with MARPOL regulations.
Wed28Aug	New Automatic HFO-MGO Switch Introduced The system cools MGO and the ensures the lubrication of the ship's engines during a changeover.
Wed28Aug	South African Bunker Industry "On the Verge of Collapse" The IBIA says the nation's marine fuel sales hit a 20-year low in 2012 despite high traffic along its coasts.
Wed28Aug	Charges Filed in Philippines Oil Spill The oil has severely affected local villages, mangrove plantations, and waterways, authorities say.
Tue27Aug	WTI Hits 18-month High as Crude Prices Make a Big Jump Up WTI jumped up $3.09 to settle at an 18-month high of $109.01/bbl, Brent gained $3.55, settling at a 6-month high of $114.28/bbl.

Showing 1-20 of 150 articles from August, 2013

Apr 23

1IMO 2028: How Much Biofuel Will Be Needed to Avoid Penalties?

Initial Ship & Bunker analysis shows ships would need to use between 17.6% and 23.3% biofuel in B100 terms to avoid penalty charges in 2028.
Apr 24

2FincoEnergies Expands Maritime Reach with Stake in Dutch Bunker Firm

FincoEnergies has partially acquired the business operations of bunker supplier Oliehandel Klaas de Boer.
Apr 24

3South Korea Encourages Shift to Mass Flow Meters for Bunker Measurement

Suppliers in South Korea are already shifting to the use of MFMs, and barge fees are likely to rise in the country as a result, a local source tells Ship & Bunker.
Apr 24

4Minerva Deploys Floating Storage at Jeddah to Boost Red Sea Bunkering

The 113,000 m3 capacity floating storage unit will store VLSFO, HSFO and MGO.
Apr 24

5VPS: Cashew Nut Shell Liquid – Biofuel Saviour or Concerning Contaminant?

Steve Bee of VPS discusses the potential for cashew nut shell liquid to be used as a biofuel component in bunker blends.

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