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
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
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 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
“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
Matson, Inc. today reported net income of $25 million, or $0.57 per diluted share for the quarter ended March 31, 2015. Net income for the quarter ended March 31, 2014 was $3.4 million, or $0.08 per diluted share. Consolidated revenue for the first quarter 2015 was $398.2 million compared with $392
Technology Associates, Inc. (TAI) of New Orleans, La., announced that another derivative of a vessel built from TAI’s EnviroMax designs was launched. Thoma-Sea Marine Constructors, LLC has launched a 6,300 DWT Technology EnviroMax 310 OSV from its Lockport, La. shipyard on April 28
Hybrid marine power and propulsion systems for workboats isn’t farfetched. In fact, it may be essential. In 2015, two significant developments are going to make many operators, owners and builders of professional vessels consider hybrid marine power
The Wärtsilä 50DF marine engine has been tested and certified to run on ethane (LEG) fuel. The testing program was carried out by Wärtsilä in close collaboration with Evergas, an owner and operator of seaborne petrochemical and liquid gas transport vessels.
American corporation XPO Logistics, led by multi-millionaire Bradley Jacobs, agreed to acquire French transport services and global logistics solutions provider Norbert Dentressangle, led by multi-millionaire Norbert Dentressangle, for US$3.53 billion including debt, according to Bloomberg.
The UK’s second largest ports operator, Peel Ports, has today (Wednesday, 29 April) launched a major carbon emission initiative, Cargo200, and is calling on the UK freight and logistics industry to rethink supply chain and services routes in order to reduce freight mileage by 200
By focusing on operational improvements, shipping companies are reducing fuel consumption, saving money and cutting greenhouse emissions, while continuing to increase the amount of freight transported. Maersk Line, the world's largest container carrier
The CMA CGM Group informs it has taken a strategic stake in the 25-years old Indian logistics company LCL Logistix, via the group’s freight forwarding and logistics solutions subsidiary CMA CGM LOG. CMA CGM LOG said it reinforces its position in India and will leverage LCL
Hoofddorp, the Netherlands, 27 April, 2015 – CEVA Logistics, one of the world's leading supply chain companies, today announced the appointment of two senior executives with deep sector-specific operations expertise to further drive its customer-focused Contract Logistics strategy
To help shipowners meet strict new emission mandates, ExxonMobil expanded its range of fuels for use within Emission Control Areas (ECA) with the introduction of ExxonMobil Premium Advanced Fuel Marine ECA 200 (AFME 200). The fuel joins ExxonMobil Premium HDME 50 as part of a new category of
Earlier this year GEA won the first contract for equipping cruise liners with its UV ballast water treatment system, BallastMaster marineX, powered by Trojan Marinex. The contract is to equip two new vessels with one BallastMaster marineX each, as well as an option for equipping a third
Marine Procurement Solutions (MPS) has built an electronic platform that aims to enhance the purchasing cycle for the maritime industry. MPS provides software, consultancy services and other customized solutions through its Direct Connect e-procurement trading platform that is designed to unite
Strainstall, part of James Fisher and Sons plc, announced the completion of the world’s first Intelligent Fender System (IFS) trial with energy companies SSE and RWE at Suffolk-based wind farm, Greater Gabbard. The IFS is an in-house developed technology which aims to provide
Though the market for Offshore Support Vessels (OSVs) is soft, advances in technology, fit and finish in the sector is unrivaled in any other maritime niche over the past five years. Here’s a look at some of the more notable designs and deliveries.
Spanish ferry operator Baleària has signed up to AkzoNobel’s carbon credits program. The company has enrolled its passenger ferry Martin i Soler into the scheme, which financially rewards ship owners by enabling them to generate income in the form of carbon credits earned by reducing