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EMEA News

Gard Alert on Revised Nigerian "Letter of Comfort"

Latest letter from Nigerian National Petroleum Corporation regarding banned tankers still vague.

EC and IMO to Cooperate on Reducing Shipping Emissions

IMO Secretary-General Kitack Lim is said to have met with European Transport Commissioner Violeta Bulc on Tuesday in Brussels.

Bunker Holding to Build Danish LNG Bunker Facility

"LNG is part of the future and it is important for us to be at the forefront," says Peter Zachariassen, Head of Physical at Bunker Holding.

New Dubai-Based Bunker Trader for Dan-Bunkering

Adil Qayyum holds an MSc in banking and finance.

Western Bulk Completes Sale of its Chartering Business, But Survival in Question

Western Bulk says it has received the first cash payment of USD $10 million from Kristefos Equity Operations AS.

New Athens-Based Senior Bunker & Lubricant Trader for KPI Bridge Oil

Dimitrios Bouzoukis was said to have over seven years experience of marine fuels and lubricants trading.

Rotterdam ULSFO Bunker Sales Expected to Hit Almost 1 Million MT in 2016

Rotterdam's sales of so-called ultra low sulfur fuel oil in 2016 are expected to be similar to 2015 levels, which saw about 800,000 to 900,000 mt sold.

P&I Limbo Risks Highlighted as Glencore Loads Iranian Fuel Oil

Insurers are struggling to determine the parameters of the sanctions still in place against Iran.

Sonker Bunkers Lands $341 Million Development Loan

The funds will be used construct and operate a new bulk-liquids terminal in the port of Ain Sokhna.

DNV GL and Russian Register Aim to Cooperate on Standards for Gas Fuelled Ships

Meeting to sign a cooperation agreement, DNV GL and RS discussed their intent to work together to improve standards for safety of gas-fuelled vessels.

Analysts Say Nyet to Russia Influencing OPEC Policy

The Saudis are the undisputed leaders and are more focused on Iran.

"Plenty of Signs" OPEC's High Output Strategy is Working

The indications include declining US shale output and a crumbling Russian economy.

Bunkering Set to be Affected as Greek Port Workers Launch Third Set of 48 Hour Strike Action

Coming alongside a 24 hour nation-wide general strike, five ports including Piraeus, are set to continue strike action for an additional 24 hours.

First Suezmax Tanker to Load Iranian Crude Oil in Post Sanctions Era

Russian oil trader Litasco said to be ready to load the Distya Akula with 130,000 mt of Iranian crude.

Gazprom Denies Rumours of Output Reduction Discussions, Says There's No Need for Production Cuts

"At the moment, we see that for us, a cut in production is not economically justified," says Gazprom Neft's Alexei Yankevich.

Bahrain and Saudi Arabia Ports Ban Iranian Flagged Vessels

Bahrain is also said to have placed a ban on any vessel, regardless of flag, that has called an Iranian port within its last three port calls.

Another Dual-Fuel Vessel on Order for DEME

DEME invests in a new generation of trailing suction hopper dredgers that will switch between fuel oil and liquified natural gas (LNG).

Bunker Prices to Stay Under Pressure: Opportunity to Cut Crude Production has been Missed

Goldman Sachs says "it may already be too late for OPEC producers to be able to prevent another large decline in prices."

Baleària to Build "Smart" Solar & Natural Gas-Powered Ferry

The ferry will utilize solar power for on-board services and will be among the largest vessels operating in the Mediterranean.

Double Digit Bunker Prices in the Biggest Bunker Ports Still on the Cards for 2016

Russia calls latest oil frenzy "Idiotic" as John Kilduff laments that the current price rally is based on "false hopes" and oil will fall to $18/bbl.

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