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MARINE FUEL LOGISTICS

Marine Lubricant Suppliers in Global Supply Link-up

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 Appoints new US Bunker Manage

Maurice Lara

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


Green Initiative Progress Report by US Ship Operator

Horizon Lines Ship:Photo Horizon Lines

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' Solid Marine Bunker Q2 2013 Results

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 Announces Alliance with Petrol Ofisi

logoChevron.jpg

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


TOTAL Doubles 500 cSt Offering at Fos-Lavera

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


Louisiana to Get Natural Gas Liquefaction and Fueling Facility

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.


GAC Bunker Fuels Strengthens HQ Team

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


Wilhelmsen Watching Cruise and Energy Markets

Philip Bannerman.bmp

“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


China Shipyard Delivers Double-hull Bunker Tanker to AMPN

Aegean Tankship: Photo courtesy of AMPN

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


First LNG-powered EcoLiner Launched

Damen EcoLiner (Photo: Damen)

Europe’s greenest inland vessel debuts Damen group innovations   Damen Shipyards Group launched the first LNG-powered Damen EcoLiner inland shipping tanker at its Romanian yard in early February. The EcoLiner, developed to deliver fuel economy for inland shipping operators while


Wärtsilä, CME Offer ‘Scrubber Finance’

Funding concept promotes installation of scrubber systems by offering financing to shipowners, with returns taken from fuel price spread   In a move intended to help ease the financial burden on shipowners seeking to install scrubber systems to meet sulphur emissions legislation


Wärtsilä, Clean Marine Energy Offer "Scrubber Finance"

Wärtsilä Open Loop Scrubber System

  Wärtsilä and Clean Marine Energy (Europe) Ltd (CME) today announced the landmark signing of the shipping industry's first collaboration agreement that will provide a convenient funding solution to drive the uptake of exhaust gas cleaning technology


Are Megaships Game Changers?

Image: A.P. Moeller-Maersk Triple-E

 Bragging rights for the world’s largest container ship have changed hands four times in as many months and keep on shifting again, says a report in the Bloomberg.   The megaships have come to dominate container shipping with astonishing rapidity over the past decade


Gulf of Mexico Sees First LNG-powered OSV

Harvey Energy

A special Offshore Supply Vessel (OSV) has been delivered to Shell for its deepwater operations in the Gulf of Mexico.   The vessel, Harvey Energy, is chartered from Harvey Gulf International Marine and is the first of its kind in the region to run on both liquefied natural gas (LNG) and


Caterpillar to Deliver Highest Horsepower Tier 4 Solution

      The C280 (Photo courtesy of Caterpillar Marine)

  Edison Chouest Offshore has selected Caterpillar Marine's Cat Tier 4 Final C280-16 generator sets for two new vessels, Caterpillar announced today. The generators are the marine industry's highest horsepower Tier 4 solution, as well as one of the largest diesel electric propulsion (DEP)


EC Study on LNG as Shipping Fuel Reveals Industry Backing

LNG carrier LNG Pioneer. By MOL

 As efforts to combat climate change increase worldwide, pollution stemming from maritime shipping presents a particular challenge.     The study on the perception of the risks and opportunities of LNG as a shipping fuel is presented by the European Commission.  


USCG Marine Safety Alert

The U.S. Coast Guard issued a marine safety alert today to remind vessel owners and operators to establish effective fuel oil changeover procedures during efforts to comply with MARPOL Annex VI emission regulations. The USCG said that several recent incidents of fuel leakages during changeovers


Interview: Nakilat's Samir Bailouni

Samir Bailouni (Photo: SGMF)

SGMF Membership - Uncovered: An interview with Samir Bailouni, Nakilat The Society for Gas and Marine Fuel (SGMF) recently interviewed one of its members, Samir Bailouni of Nakilat (Qatar Gas Transport Co.). Bailouni weights in on Nakilat, LNG, the gas industry, and SGMF membership.  


Conrad Shipyard Bags LNG Order

Image: Conrad Shipyard

 Energy infrastructure and LNG solutions provider WesPac Midstream and its subsidiary Clean Marine Energy (CME) have awarded a contract to Conrad Orange Shipyard for the construction of a dedicated LNG bunker barge for the marine market in North America.  


Brookings Institution Hosting Panels on LNG Marine Fuel

The Brookings Institutions Charles Ebinger will moderate the panels (Photo courtesy of the Brookings Institution)

The Brookings Institution, a Washington D.C.-based think tank, will host a two-panel discussion on the use of LNG as a marine fuel on Tuesday, March 3, the organization announced today. The panels are part of the Institution's Energy Security and Climate Initiative (ESCI)


Keels Laid for Two Aluminum OSVs

Image: Triangle Marine Services

Triangle Marine Services and Marine Core & Charter host keel laying ceremony for two Aluminum Fast Offshore Support Vessels   UAE-based shipbuilder Triangle Marine Services has laid the keels of two new 45-meter Aluminum Fast Offshore Support Vessels


GTT Receives Order for LNG Bunker Barge

Image: GTT

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of LNG liquefied natural gas (LNG), announced that its U.S. subsidiary GTT North America (GTTNA) has received an order for one LNG bunker barge.  


Maersk Publishes Sustainability Report

Photo: Maersk

Having launched a new sustainability strategy last year, the Maersk Group has published its 2014 sustainability report, covering aspects of the group’s 2014 sustainability performance including human rights, anticorruption, responsible procurement, diversity


WesPac to Build N. America’s First LNG Bunker Barge

Image: WesPac Midstream

WesPac Midstream LLC (WesPac), a provider of energy infrastructure and liquefied natural gas (LNG) solutions, and its affiliate Clean Marine Energy LLC (CME), the global facilitator of tailored solutions for Emission Control Area (ECA) compliance






 
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