MARINE FUEL LOGISTICS
Aegean Marine Petroleum Network and SK Lubricants sign an agreement that will allow Aegean to increase its sales volumes in the marine lubricants market and SK Lubricants to extend its global sales network. Under the global cooperation agreement between the companies, Aegean will supply and deliver marine lubricant products to customers of SK Lubricants in the Aegean lubricants network, which currently covers 45 countries and 550 ports worldwide, and SK Lubricants will provide Aegean's customers in South Korea with marine lubricant products. E. Nikolas Tavlarios, President, commented, "Our agreement with SK Lubricants will allow Aegean to expand sales volumes for our marine lubricants and further extend our presence in the Asian market. The marine lubricants market, although a smaller business for our company, continues to yield high operating margins and is a highly profitable revenue stream. This agreement demonstrates our continued success in executing our strategy to further diversify our revenue base and drive growth by leveraging our existing infrastructure. We are excited about the opportunity to expand our lubricants sales volumes, which will allow us to increase profitability and create value for our shareholders." Kwan Ho Choi, SK Lubricants CEO & President, commented, "We are pleased to expand our global supply capabilities through this cooperation agreement with Aegean
GAC Bunker Fuels, part of global shipping, logistics and marine services provider GAC, has announced the appointment of Maurice Lara as its Bunker Manager for East Coast USA. He is based in Norwalk, Connecticut and accountable to Nicholas Browne, Global Director of GAC Bunker Fuels, and Bob Bandos, Managing Director of GAC USA. Lara's background is in marine fuel trading, domestic and international logistics, vessel chartering and negotiating charter party agreements and end-to-end commodity
Horizon Lines updates progress towards environmental excellence A report (available at www.horizonlines.com) presenting the company’s progress in pursuing environmental excellence through its ongoing “Green Initiatives Program" has been release by Horizon Line.” The report describes the carrier’s efforts to mitigate environmental impact from shipping operations and intermodal transport.
World Fuel Services Corporation (NYSE:INT), a global fuel logistics company, principally engaged in the marketing, sale and distribution of aviation, marine and land fuel products and related services, continues to generate positive operating cash flow. The company report second quarter net income of $51.0 million or $0.71 diluted earnings per share compared to $48.6 million or $0.68 diluted earnings per share in the second quarter of 2012.
Chevron has signed agreements with the fuel products distribution and lubricants company of Turkey, Petrol Ofisi in Istanbul, that will result in improved supplies of marine lubricants to ship operators and managers operating in Turkey. This alliance covers production, logistics and delivery service of the full range of Chevron’s marine lubricant product line in Turkey for the first time. Pedro Cardenes, General Manager Finished Lubricants - Marine said
Tenaska Bayou LNG expected to meet growing marine, transportation and oil and gas exploration and production demand on the Gulf Coast Tenaska NG Fuels, LLC and Waller Marine, Inc. today announced that they have agreed to develop, construct, own and operate Louisiana's first natural gas liquefaction and fueling facility along the New Orleans-Baton Rouge Mississippi River corridor with access to the Gulf of Mexico.
TOTAL Marine Fuels has doubled its capacity to provide 500 cSt bunker fuel at the French port of Fos-Lavera, near Marseilles. TOTAL began offering the fuel at Fos-Lavera in January of this year, and has now doubled its 500 cSt storage facilities at the port from an initial 10,000 to 20,000 metric tons. Several large bunker stems have already been sold, and Pascal Zoonekyndt, Zone Manager for Total France, says, “We continue to improve our logistics and product offer in line with the needs
“While the shape of the shipping industry in North America is fairly stable, we are expecting more global demand for our services from our cruise and offshore customers,” comments Philip Bannerman, Sales Director for Wilhelmsen Ships Service in the Americas. Bannerman, who is based at the company’s Houston, Texas office, also believes that Mexico has more potential for development. Commenting on the overall health of the ships agency business in North America, he says
Bunker tanker from Qingdao Hyundai Shipyard delivered to Aegean Marine Petroleum Network (AMPN) to complete company's newbuild program Aegean Marine Petroleum Network Inc announce that it has taken delivery of the Symi, a 6,270 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The Symi, which is expected to be deployed to the Company's market in West Africa, represents the final vessel under Aegean's plan to take delivery of 31 double-hull bunkering
GAC Bunker Fuels Limited has appointed two new UAE-based bunker traders as part of its regional expansion plan. Georgia Paravalou will trade and broker marine fuels in her new role. An economics and management graduate, she joins GAC Bunker Fuels from AP&A. Ltd, where she worked as a shipbroker, coordinated the marketing department and developed business in the UK and South China. Anthony Inglis is charged with expanding GAC's bunker business in the Middle East and developing bunkering
National Marine Dredging Company (NMDC), the UAE's leading dredging and marine construction company, has announced the completion of the New Suez Canal project following its successful trial run on Saturday (July 25). A total of six container ships from around the world
Singapore's Maritime Port Authority is seeking proposals on liquefied natural gas bunker supplies as it shifts away from fossil fuels towards gas while trying to maintain its role as the world's top bunkering hub. The move to issue bunker supplier licences to the gas sector complements the
Evolving procurement processes for U.K. Round 3 offshore wind farms will require a greater number of work streams, personnel with new and differing skills, and the ability to provide a larger suite of services, according to offshore energy support firm Seacat Services.
The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced that it is providing $500,000 to support a feasibility study for the design, construction, and operation of a high-speed passenger ferry powered by hydrogen fuel cell technology and a hydrogen
Crowley Maritime Corp. informs it has responded to increased market demand, acquiring 16 additional ISO tanks for its Carib Energy group that will be used to supply, transport and distribute U.S.-sourced liquefied natural gas (LNG) to customers in Puerto Rico, the Caribbean and Central America
Lloyd’s Register North America, Inc. (LR) has teamed with Penn Oak Energy Corp to help companies raise capital and mitigate the technical risks associated with retrofitting ships fuelled by liquid natural gas (LNG), by providing a one-stop-shop solution to the industry.
The Shearer Group, Inc. (TSGI) informs it has recently completed the design of a 130’ x 35’ x 10’ double skin bunker barge for an unspecified Gulf Coast marine fuel supplier. The new barge design features below deck piping for cleaner and safer deck operations
NorShipping debate centers on the matter of ship fuel efficiency The Immediasea Shipping Debate Forum ‘Fuel Efficiency - The Way Forward’ was held in connection with the Nor-Shipping event in Oslo, Norway, in June. Leading the panel was Mark Fuhrmann from Blue-C who invited leading
The International Convention for the Prevention of Pollution from Ships (MARPOL) ANNEX VI Regulation 14 requires ships with Marine Compression-Ignition Engines at or Above 30 Liters per Cylinder use fuel with sulfur content less than 0.1%, after 01 January 2015 within the Baltic Sea area –
Capt. Rick Croson has been running a successful fishing charter business from North Carolina’s Wrightsville Beach for more than 10 years. When the time came to order a new boat, he made the unusual decision to request a diesel sterndrive power package
DP World's first distribution centre at the London Gateway Logistics Park opened officially, with the UK's shipping minister, Robert Goodwill MP, in attendance. Goodwill and DP World chairman, Sultan Ahmed Bin Sulayem, formalised the opening of the centre during a ribbon cutting
Recently, Pilita Clark, the Environment Correspondent at the Financial Times, wrote a very interesting article about a new report, ‘The New Climate Economy’, which I would highly recommend reading. The New Climate Economy was commissioned in 2013 by the governments of seven countries:
Cummins Inc. opened a global logistics hub in Singapore yesterday, one of the company's eight master distribution centers for parts and filters globally. The Singapore Global Logistics Hub boasts a total investment of $5.4 million and is part of the company’s efforts to enhance its
The first Wärtsilä low-speed two-stroke dual-fuel (DF) engine destined for a commercial application has reportedly completed its Factory Acceptance Test (FAT) at a Chinese licensee of Winterthur Gas & Diesel (WinGD), the Switzerland-based designer
In 2015 two significant developments are going to make many operators, owners and builders of professional vessels consider hybrid marine power. Firstly the new emissions laws in ports and secondly there is now an incentive for high technology manufacturers to invest in developing highly