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Chesapeake Launches Tugboat for Vane Brothers

Photo courtesy of Chesapeake Shipbuilding

Chesapeake Shipbuilding has launched another tugboat for Vane Brothers, the builder announced today.   The tugboat, named Fort Schuyler, represents the 11th tugboat that Chesapeake Shipbuilding has built for Vane Brothers of the 14 contracted.   The new tugboat is nearly identical to the previous 10 tugboats built for Vane Brothers - equipped with twin Caterpillar 3512 main engines producing a combined 3,000 horsepower, and a single drum hydraulic towing winch.    Each Chesapeake Shipbuilding tugboat is built in a controlled indoor environment, before being moved and launched into Maryland’s Wicomico River. Chesapeake Shipbuilding has recently made significant upgrades to its facility to increase its production capacity and efficiency, including two large hull fabrication buildings.   


New Trader with Dan-Bunkering

Mikkel Søholm

The global bunker trading company A/S Dan-Bunkering Ltd. is pleased to announce that Mikkel Søholm Vestergaard has been employed as Bunker Trader as per August 5, 2013. Mikkel actually started his career with Dan-Bunkering already back in 2003 in the head office in Middelfart. Here he was employed as Bunker Trader until 2006, where after he decided to pursue a career in a different line of business, both in Denmark as well as abroad


Veson Nautical Announces Imos6 Bunker Management Phase II

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New IMOS6 (Integrated Maritime Operations System) Bunker Management Solution Helps Enhance Voyage Profitability BOSTON, MA and STAMFORD, CT – March 21, 2011– At the Connecticut Maritime Association 2011 Shipping Exposition today Veson Nautical, the premier provider of maritime commercial management and trading software solutions, announced Phase II of the company’s IMOS6 Bunker Management Module. Veson’s newest offering helps professionals manage their overall


As Australia-Asia Trade Grows, So Too Does Bunker Use

OW Bunker confirmed an increase in demand for bunkers across the Pacific Islands, resulting from a further strengthening in trade between Australia, China, Indonesia and India and further growth in the domestic cruise industry. OW Bunker Australia, which acts as the OW Bunker Group's purchasing centre for the region, has reported that the Pacific Islands are experiencing an increase in demand for marine fuel as Australia's commodities markets and marine tourism industries continue on a


Bunker Provider Meeting Concludes in Dubai

Photo: DMCA

Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of the maritime sector in Dubai, announced that it has recently concluded the semi-annual meeting of bunker providers in DMCA’s offices. The meeting discussed the annual issuance of the DMCA certificate of authorization as well as various key industry issues, in line with DMCA’s commitment to promote public-private partnership in the maritime sector.


Cheaper Fuel to Boost Container Shipping

Photo: Tanner Matheny

Lower oil prices are sharply reducing the cost of shipping merchandise from Asia to the United States and Europe as the cost of bunker fuel tumbles. Container shipping companies deal with the volatility in fuel prices by adding a separate bunker adjustment factor or fuel surcharge to their freight rates. Fuel can account for more than 60 percent of the total operating costs of moving freight across the oceans so the surcharges are one of the most important elements of total


Chesapeake Shipbuilding Delivers New Tugs

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Chesapeake Shipbuilding Corp of Salisbury, MD delivered the second of six new tugboats to Vane Brothers of Baltimore, Md. this week. Elk River will join Sassafras, the first tug that Chesapeake built for Vane Brothers, in hauling 30,000 barrel tank barges on near coastal routes. Construction is already well underway on the remaining four tugs, each of which will be delivered over the next year and a half. Elk River produces 3


Dynamic Oil Expands Middle East Operations

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Three new appointments announced as recruitment drive to support expanding customer base continues. Dynamic Oil Trading has announced a series of appointments at the company’s recently launched Dubai office, amid continued expansion of the firm’s Middle East operation. Bunker traders Leonore Lagendijk and Mirko Antichi, as well as accountant Sheila Oller will join Dynamic Oil Trading’s Dubai operation with immediate effect


WPCI Launches Website Focused on LNG as shipping Fuel

  The website www.lngbunkering.org is launched that features Liquefied Natural Gas (LNG) as a shipping fuel. The website is an initiative of the World Ports Climate Initiative (WPCI) LNG Fuelled Vessels Working Group under the auspices of the independent, non-profit International Association of Ports and Harbours (IAPH). The website provides a detailed overview of the use of LNG as ship fuel and illustrates the technical requirements for ships, bunkering infrastructure


LNG America Selects Topside Designer for LNG Bunker Barge

Image: LNG America

LNG America has selected Taylor-Wharton to commence the front-end engineering and design work for the cryogenic topside of the company’s 3,000 cubic meter Gemini Class LNG bunker barge scheduled for delivery at the end of 2015. “Taylor-Wharton has been actively engaged in the development process and instrumental in helping to develop the critical path time line for a late 2015 in-service date,” said Keith Meyer, CEO of LNG America.


LR, Penn Oak Energy Partner for LNG Retrofit Service

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.


Shearer Group Designs Bunker Barge

Image: Shearer Group

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


Sri Lanka to Establish Terminal for Cruise Ships

Colombo Port. Image by Sri Lanka Ports Authority

 A fully-fledged cruise terminal is to be set up at Colombo port given the increasing number of calls by cruise vessels, according to Lakdas Panagoda, chairman of the Sri Lanka Ports Authority (SLPA).   The SLPA plans to convert the Bandaranaike Quay (BQ) of Colombo port into a


Singapore MPA Wants LNG Bunkering Options

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


Danish Investors Sue Bankrupt OW Bunker

Photo: OW Bunker

A group of Danish investors have sued OW Bunker for 800 million Danish crowns ($120 million) for misleading them in its initial public offer (IPO), after the ship fuel supplier filed for bankruptcy just months after listing. The 27 institutions


More Legal Woes for Bankrupt OW Bunker

Pic: OW Bunker

 A group of 27 Danish institutional investors say they will launch a legal action against the former management of OW Bunker, a shipping company that filed for bankruptcy last year just six months after listing, and the private equity firm that brought the company to market.  


A/S Trumf Bunker Joins KPI Bridge Oil Group

Carsten Ladekjaer (Photo: KPI Bridge Oil)

KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, has announced the take over of A/S Trumf Bunker. A/S Trumf Bunker in Denmark becomes a full member of the KPI Bridge Oil Group as of July 1


Port Gothenburg Offering LNG

Image: Port of Gothenburg

 Ships running on liquefied natural gas (LNG) are going to be able to bunker at the Port of Gothenburg, as new regulations for LNG bunkering have been introduced by the Gothenburg Port Authority in collaboration with the Port of Rotterdam and the Swedish Transport Agency.  


Bunker Holding Buys LQM

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  Bunker Holding Group (Bunker Holding), a global leader in the purchase, sale and supply of marine fuel with 54 offices in 27 countries, announced today the acquisition of LQM Petroleum Services Inc. (LQM). LQM is one of the largest international marine fuel oil brokers who handles


Container Shipping Lucky to Break Even in 2015

File photo

A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to the Container Forecaster report published by global shipping consultancy Drewry.


Container Ship Industry ‘Lucky to Break Even' in 2015,

Image: Maersk Line

 Global shipping consultancy Drewry predicts the container ship industry will be "lucky to break even this year" as shipping rates slump due to catastrophic overcapacity.   A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner


Dan-Bunkering Reports Increased Profits

Henrik Zederkof, CEO (Photo: Dan-Bunkering)

Dan-Bunkering, with 13 offices positioned in nine countries around the world, announced it can this year present a very satisfactory result for the financial year 2014/15. The Dan-Bunkering Group has achieved a profit before tax of $16.4 million and a prosperity in gross profit of 11 percent


Gasoil Availability Expands on Gulf Coast

MGO and ECA products are available in volume throughout the Gulf Coast.   Atlantic Gulf Bunkering LLC, a division of Bunkers International LLC, announced today that the company has expanded availability of both MGO and ECA product that meets the 2015 ECA specification of 0


Best Bunkering Practices

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Vessel operators have an additional tool in their arsenal for preventing oil spills during bunkering operations.   “Bunkering Best Practices: Protecting People and the Environment” is a free, 14-minute training video that demonstrates bunkering best practices applicable to


Platts acquires Petromedia

Matt Cape, CEO, Petromedia

  Platts, a leading global energy, metals, petrochemicals and agriculture information provider, announced today that it has acquired Petromedia, a specialist provider of news and analysis for the shipping and oil industries. The purchase helps extend Platts coverage beyond traditional marine






 
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