Archive News

August, 2016
Date	Headline	Image
Mon22Aug	Crude Prices Start the Week Down Bunker prices were softer in the primary ports.
Mon22Aug	LNG Bunkering Among Proposed Projects as AG&P Makes "Major Investment" in Korean Firm Philippines-based AG&P and GAS Entec will work together to provide a variety of products including LNG bunkering systems.
Mon22Aug	UOB Lists Itself as a $112M Creditor of Searights The next hearing in the winding up petition is scheduled to be heard this Friday, August 26, 2016.
Mon22Aug	MPA Announces Funding for SGX-Listed Maritime Companies to Complete Sustainability Reporting MPA says it will co-fund 50 percent of the qualifying costs for companies to prepare their sustainability reports - up to $50,000 per company.
Mon22Aug	Harris Pye Sees "Marked Increase" in Interest for its Turnkey Scrubber Installations The company says the increased interest is the result of stricter regulations on shipping emissions.
Mon22Aug	K Line Recognised for Bunker and Emission Saving Speed Reductions at California Ports The ports of Long Beach and Los Angeles have recognised K Line for a high level of compliance with voluntary speed reduction programmes during 2015.
Mon22Aug	Gibraltar and Shell Sign Deal for LNG Supply and Regasification Unit The agreement is the latest development in the cooperation between Gibraltar and Shell, which may lead to LNG bunkering in the future.
Mon22Aug	The Buck, Not The Talks, is Driving What Will be a Short-Term Rally: Cantor Fitzgerald Cantor's chief market strategist predicts a $35-$45 target for oil in the near future.
Mon22Aug	Pakistan Eyes Expanding Bunker Market Through China Deal Arif Elahi, PNSC Chairman, says that the company is interested in developing its bunkering business because of the sector's promising future in the region.
Mon22Aug	Technical Analysts Say Oil Heading to $62, Others Insist Fundamentals Mean a Plummet to $30s For bunkers, in the high case it would mean IFO380 hitting $350/mt.
Fri19Aug	Shenzhen Biaodian Orders 11 Newbuild LNG Bunker Barges Shenzhen Biaodian will also acquire two LNG bunkering barges from Huaqiang Natural Gas.
Fri19Aug	Bunker Price Jump of "Some 60%" Weighs on d'Amico TCE Earnings DIS reports that is TCE earnings were $144.5 million in the first half of 2016, compared to $158.1 million during the same period of 2015.
Fri19Aug	Queensland Moves One Step Closer to Becoming U.S Navy Biofuel Bunker Supplier The agreement is said to define a discussion framework to support the "research, development, supply and sale of advanced biofuels."
Fri19Aug	European Residual Fuel Oil Stocks Down on Demand in Major Bunkering Markets Fuel oil stocks in Singapore and the US were also down for July.
Fri19Aug	John w. Stone Lowers NOLA Bunkering Costs The move, effective immediately, sees a reduction in barging fees and changes to New Orleans Port harbor limits.
Fri19Aug	Authorities Investigating Source of Spill at Darwin Harbour The spill is said to have been initially reported at 4 a.m. local time on Friday, with sheening now covering an area of about 30km.
Thu18Aug	Crude Up for a Sixth Consecutive Day Bunker prices continue to rise in the primary ports.
Thu18Aug	Nigeria Doubts OPEC Will Cut Production, As Report Predicts Militants Will Keep the Country's Output Low In 2017 Anyway But Nigeria's oil minister still thinks the September talks could be productive.
Thu18Aug	Oil Market Now In Bull Territory, Based Precariously On Sentiment: Analysts Hope for an OPEC freeze deal has caused both benchmarks to rise over 20 percent from the lows of early August.
Thu18Aug	Weekly Vessel Scrapping Report: 2016 Week 32 Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from August 11 – August 18, 2016.

Showing 61-80 of 213 articles from August, 2016

Oct 28

1Global Partners Launches Port of Houston Physical Supply

Global Partners will offer HSFO, VLSFO and LSMGO via two newbuild barges from Blessey Marine Services, a company representative tells Ship & Bunker.
Oct 30

2US and China to Pause Maritime Trade Actions for One Year

Beijing says both countries will suspend maritime measures imposed on each other for one year.
Oct 29

3JuWonOil Expands Into US Gulf LNG Bunker Market

The firm is developing structured logistics for small-scale LNG bunkering and distribution, a company representative tells Ship & Bunker.
Oct 28

4Lukoil to Sell International Operations After US Sanctions

Lukoil's international assets of interest to the bunker industry include Lukoil Bulgaria, a key supplier of marine fuel in the Black Sea.
Oct 28

5World Kinect Bunker Operations Return to Profit in Q3

The firm has appointed Ira Birns - formerly CFO - as its new CEO as of January 1, 2026.

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