Archive News

August, 2015
Date	Headline	Image
Fri07Aug	China Fuel Oil Demand Jumps Almost 25% in June The country also saw 4% Growth in June's year-over-year oil demand.
Fri07Aug	New Player Enters Singapore Bunker Market, Total Drops to 59 Accredited Suppliers Lukoil Asia Pacific Pte Ltd, and Raffles Bunkering Pte Ltd no longer appear on the list of MPA accredited suppliers.
Fri07Aug	Singapore Bunker Supplier Tankoil Declared Bankrupt, "Milestone" Hailed for OW Bunker Proceedings Tankoil was the principal recipient of credit from DOT as part of an alleged $125 million fraud, a contributing factor in the collapse of OW Bunker.
Thu06Aug	Crude Futures Continue to Fall Brent contracts for September delivery settled at $49.52 per barrel after hitting 6 month lows earlier in the trading day.
Thu06Aug	Production of Tallink LNG Fast Ferry Begins The ship is being built by Meyer Turku Oy.
Thu06Aug	ARA Fuel Oil Stock Rises to 23% Above Five-Year-Average Stock is up to 840,000 barrels as of last week.
Thu06Aug	Drewry: China's Economic Slowdown Will Translate to Demand Loss in Container Market Greater China, which represents approximately 30% of all container moves in the world, "will contribute to slowing world box growth" says Drewry.
Thu06Aug	Weekly Vessel Scrapping Report: 2015 Week 32 Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from August 6 - August 12, 2015.
Thu06Aug	Weekly Vessel Scrapping Report: 2015 Week 31 Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from July 30 - August 5, 2015.
Thu06Aug	Petrobras Intends to Sell 25% of its Fuel Distribution Unit Petrobras is reportedly planning to sell about 25 percent of BR, its fuel distribution unit in a Brazilian IPO.
Thu06Aug	New Fujairah Refinery Faces Delay A 200,000 bpd refinery in Fujairah with an intended product mix that includes marine fuels is now expected to be completed 2 years later than planned.
Thu06Aug	Low Bunker Prices Keep Asian VLCC Earnings Strong Despite Tumbling Rates VLCC worldscale rates for Persian Gulf to East routes are expected to continue their two week fall, but low bunker prices have maintained robust daily earnings.
Thu06Aug	Oldendorff Carriers Says 2015 "Better Than Expected" for Dry Bulk The bulk carrier says that it is capable of making a statement on the full year result and has exceeded expectations in 2015.
Thu06Aug	Singapore-Listed Samudera Shipping Says Q2 Profit Decline Cushioned by Cheaper Bunkers Overall revenues dropped 16.1 percent to $81.3 million.
Thu06Aug	No Growth in Singapore Bunker Market, Poor Demand Outlook Herald "Fundamental Change" to Asia Fuel Oil Market The capital outlay of $2.1 billion for a record 6 million mt traded in Singapore in June far outweighed the return on profits, says Thomson Reuters.
Wed05Aug	Crude Futures Soft Despite Larger than Expected Draw on U.S. Inventories The realization that there is heavy over supply of crude oil globally has really started to sink in and we really noticed that today.
Wed05Aug	Hybrid Cruise Ship Stranded After Engine Trouble A loss of propulsion power has led the Viking Star to be stuck in the Port of Tallinn since last week.
Wed05Aug	Tugboat Collision with U.S. Fuel Terminal Pier Causes 1,000 Gallon Oil Spill A tugboat's collision with a New Jersey fuel terminal pier is said to have resulted in 1,000 gallons of oil in waters off of Bayonne.
Wed05Aug	Industry Insight: Is Lebanon a Ship Arrest-Friendly Jurisdiction for Bunker Traders? Lebanon is not a party to the International Convention on the Arrest of Seagoing Ships 1952 or the International Convention on the Arrest of Ships 1999.
Wed05Aug	Endofa Expands Physical Operations to Panama The firm has also hired Christoffer Pedersen, who previously worked for OW Bunker.

Showing 161-180 of 203 articles from August, 2015

Jun 09

1Hartree Marine Expands US East Coast Physical Supply with Norfolk Launch

The firm already supplies bunker fuels at key East Coast ports, including New York, New Jersey Philadelphia and Baltimore.
Jun 09

2Greek Supplier Coral Marine Introduces ULSFO for Med Sulfur Compliance

The move comes as shipping firms adjust to the new 0.1% sulfur limit now enforced across the Mediterranean Sea.
Jun 05

3INSIGHT: Not All Biofuel Bunkers Are Equal - Navigating Carbon Intensity, Compliance, and Cost

Marex's Bastien Declercq discusses how biofuel markets are likely to react to the IMO's new GHG regulation.
Jun 04

4Singapore Bunker Supplier Hai Yin Marine to Lose Licence This Month

The MPA has not directly given a reason for declining to renew the licence.
Jun 09

5Singapore-Flagged Boxship Catches Fire Off India

The vessel was en route from Colombo to Mumbai when an onboard explosion triggered a major fire off the coast of Kerala.

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