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Record Earnings for World Fuel Services
Feb 22, 2013 ... Gross profit for the company's marine services division grew 7 percent to $208 million. ...
New Marine "Wrinkle" Coating Could Reduce Bunker Bills
Feb 21, 2013 ... response to a stimulus, such as stretching or pressure or electricity," said Duke engineer Xuanhe Zhao. "This deformation can effectively detach biofilms and other organisms that have accumulated ...
COSCO International Eyes Ship Leasing
Feb 21, 2013 ... COSCO's half stake in China Marine Bunker (PetroChina). Cosco International Managing Director Xu Zhengjun says the group has been looking for acquisition targets to expand its purchasing and ...
Concerns Over China's Gwadar Port Takeover "Groundless"
Feb 20, 2013 ... had led Western media give the move "extraordinary political significance," it said. Rather, Zhao Gancheng, researcher with Shanghai Institute of International Studies was reported as saying ...
South China Fuel Oil Imports Set to Fall
Feb 18, 2013 ... of 155,000 tonnes of fuel oil from Singapore and 35,000 tonnes of U.S. fuel oil. The port of Shenzhen was expected to receive 80,000 tonnes, Huangpu port 70,000 tonnes, ports in Zhuhai 10,000, and ...
Players Say China Bunker Sales Up in 2012
Feb 5, 2013 ... and trade sources. The growth appears to be attributed almost entirely to sales from Sinopec Zhoushan who said its volumes were up, but declined to reveal specific numbers. Sales for the ...
Hess Plans Sale of Terminal Network
Jan 30, 2013 ... After closing refinery, the company says terminals are "no longer core" to its operations. ...
Chinese Fuel Oil Demand Predicted to Fall in 2013
Jan 25, 2013 ... recovery in demand from September 2012 likely reflected some level of inventory building," Soozhana Choi, Deutsche Bank's chief oil strategist in Singapore, said in the report. "However, we ...
Chinese Shipyard Expects 80-99% Plunge in Profits
Jan 23, 2013 ... Guangzhou Shipyard International Company Ltd. [0317.HK] says it expects its profit for 2012 will be 80 to 99 percent lower than in 2011. The company's profit warning said the decline of the ...
Swedish Firms Order Up to 10 Fuel-efficient Tankers
Jan 22, 2013 ... two Swedish companies will have the 50,000 dead weight tonne (dwt) ships built at Guangzhou Shipyard International (GSI) in China. "To challenge today's fierce competition within the ...