Archive News

August, 2016
Date	Headline	Image
Wed10Aug	OPEC Predicts Higher Oil Demand This Year But Analysts Say The Cartel Now Has Little Influence Over Prices Basic economic cycles will push oil into the $50s, says one expert.
Wed10Aug	Russia, Azerbaijan, and Iran Eye Alternative to Suez Canal Route The countries are said to be undertaking a "flag-ship project" to utilise the International North–South Transport Corridor.
Wed10Aug	OOCL Slashes 41% From 1H 2016 Bunker Bill But the box carrier still posts a $56.7 million loss.
Wed10Aug	July ReCAAP Report: Hijackings of Ships for Theft of Oil Cargo has Decreased The report indicates that there was a total of four reported incidents of armed robbery against ships reported in Asia during July.
Tue09Aug	Crude Softens After Yesterday's Gains Bunker prices were somewhat soft in the primary ports.
Tue09Aug	Callao and Guayaquil See Tight Avails on Reduced Refinery Output Sources in the Guayaquil bunker market say new product may be loaded by the end of the week, but it is unclear when Callao will see tight avails ease.
Tue09Aug	Port of Rotterdam Marks First LNG Bunkering Operation The Port of Rotterdam says bunkering of the product tanker Ternsund with LNG is set to be completed by Wednesday morning.
Tue09Aug	Ship Owner Highlights Bunker Cost Savings Gleaned Through Scrubber Use for ECA Compliance Reederei H.-P. WEGENER says the investment in Alfa Laval PureSOx systems on two of its 1000 TEU container ships having paid for themselves.
Tue09Aug	Oil Pros Say Time to Buy Oil is Now as Prices Are Heading Towards $51 Ship & Bunker data suggests such gains would add around $40/mt to IFO380 bunkers in the Primary ports.
Tue09Aug	New Conventional and LNG Bunkering Facilities Planned in Suez The first phase of the project is slated for completion by 2017's first quarter, Arab Petroleum Pipelines Company tells Ship & Bunker.
Tue09Aug	TS Taipei Wreck Removed from Reef 5 Months After Grounding and Bunker Spill The TS Taipei, which grounded off Shimen, Taiwan in March, caused a large bunker spill after the vessel fractured in the middle.
Tue09Aug	Canadian Capital Launches Country's Largest Electric Propulsion Tour Vessel The 100-passenger vessel, named The Queen Elizabeth Dr., is the first of two such planned vessels.
Tue09Aug	Resurfacing Oil Freeze Rumours Boost Prices, Rekindle Debate Over Its Efficacy While some cite several reasons that things might be different this time, as before, critics warn that freeze talks are little more than opportunistic P.R.
Mon08Aug	Spill After Tanker Collision off Japan Keihin Maru 8 is said to have partially sunk after it collided with the 5,025 DWT product tanker Eastern Phoenix off of the port of Kehin.
Mon08Aug	Indian Port of Visakhapatnam Aims to Learn from Singapore's MPA to Boost Bunkering Business The move is part of efforts to modernise Visakhapatnam's port.
Mon08Aug	DSG Highlights its Bunker Saving Tech for Inland Operators "The feedback we heard from operators on the subject of thrust, both forward and reverse, was very positive," says DSG.
Mon08Aug	Wild Ride Ahead for Bunker Prices as Bank Predicts Volatility with $25-$90 Crude Spread Over the Next Few Years Saudi Arabia is said to be keen on the volatility and could reap huge rewards.
Mon08Aug	Independent Fuel Availability Study Suggests "Extreme Difficulty" in Meeting Demand for 0.50% Sulfur Cap in 2020 The study reaches an opposite conclusion to an IMO commissioned study.
Mon08Aug	Gazpromneft Marine Bunker Moves to Round the Clock Supply in Murmansk Gazpromneft says the initiative is a cooperative effort with Gazprom Oil and Gazprom Neft - Lubricants Ltd.
Mon08Aug	Port's Reduction in Emissions of SOx Dismissed as "Old News" "There's still an emission issue, whether it's a health issue or not we don't know," says local residents association.

Showing 141-160 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 31

3Lukoil to Sell Overseas Assets to Trading Firm Gunvor

Lukoil said it has accepted Gunvor's offer and will not engage with other potential buyers.
Oct 29

4JuWonOil 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

5Lukoil 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.

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