Marine link
 

New Bunkering

Singapore Establishes New Bunker Standards

Singapore’s bunkering industry will receive a boost with the implementation of a new national standard. As of June 1, 2007, all bunker suppliers in Singapore are required to be certified in accordance with the new Singapore Standard on Quality Management for Bunker Supply Chain (SS 524:2006), in order to renew their bunkering licenses. This was announced by Lim Hwee Hua, Minister of State for Finance and Transport at the opening of the 14th Singapore International Bunkering Conference (SIBCON 2006).


TOTAL Increases Le Havre Options with New Barge

sara31.jpg

  Total Marine Fuels has increased its bunkering capacity at the port of Le Havre and at the Port 2000 container facilities with the delivery of its new bunkering barge, FS Sara.  At the same time, TMF is also making low-sulphur fuel oil available at the French port for the first time. The double-hulled seagoing FS Sara has capacity for 7,500 MT of fuel oil and 500 MT of MGO, and is to start work immediately.  


BIMCO and IBIA Electronic Bunkering Guide

BIMCO, in partnership with the International Bunker Industry Association (IBIA), has launched a new bunkering guide designed primarily for use by ships’ crew. BIMCO Asia Liaison Officer Thomas Timlen, and IBIA Chief Executive Ian Adams released the BIMCO and IBIA Bunkering Guide on October 27 to delegates in Singapore attending the 16th Singapore International Bunkering Conference. A limited number of hard copies of the electronic guide were offered to delegates


Dubai Maritime City Authority Spearheads Effort to Establish UAE Bunker Standard

Dubai_Bunkers.JPG

DMCA focuses on key issues covering safety, environmental sustainability and dispute resolution in bunkering industry.   Dubai Maritime City Authority (DMCA), the government entity in-charge of regulating and supervising all aspects of the maritime sector in Dubai, has announced that it is leading a new initiative that seeks to establish a professional bunkering standard in the UAE. DMCA has further revealed that it has gathered key stakeholders in the UAE bunkering industry


Ship-to-Ship LNG Bunkering Available in Stockholm Ports

Ports of Stockholm claims first in the world to provide infrastructure for liquefied natural gas (LNG) fuel for large passenger ferries. A successful collaboration involving AGA, Viking Line, Ports of Stockholm and the appropriate government agencies has made an infrastructure for bunkering possible. "Our new passenger ferry, M/S Viking Grace, represents an environmental milestone, and the ability to provide LNG bunkering opportunities is a very important piece of the jigsaw in our


Dan-Bunkering Restructures for Expansion

Mikkel Søholm Vestergaard

Bunker trading company A/S Dan-Bunkering Ltd. introduced a new organizational structure effective August 1, 2014. The company said the move was made to maintain its position, continue expansion in the marketplace and to accommodate a newly implemented strategy. “We must secure our position in the Asian region and look for further opportunities in this for us very important region. In order to achieve this, Managing Director of Dan-Bunkering (Singapore) Pte. Ltd


Singapore – bunker sample collection and distribution

The Singapore Maritime and Port Authority (MPA) issued a circular announcing that, effective 1 October, its bunker sample collection and distribution requirements are being changed to provide for collection of five (5) bunker samples. If the ship owner or operator or bunker buyer requires an additional sample, this requirement is to be specified in the contractual agreement for purchase of the bunkers, so as to prevent possible misunderstandings and disputes. (HK Law)


BP Marine and Houston Marine Team Up On Bunkering Venture

BP Marine and Houston Marine Services (HMS) are joining forces to begin a new chapter in ship bunkering in the western U.S. Gulf. Effective, April 2, HMS became BP's dedicated logistics provider in an area from Brownsville, Texas to Lake Charles, La. BP Marine will serve as the marketing arm for bunker sales on behalf of the joint venture and will supply bunker fuel across a broad geographic area of the Gulf.


ExxonMobil returns to Gibraltar market

ExxonMobil Marine Fuels (EMMF) has re-entered the Gibraltar bunker supply market, after an absence of two years. EMMF has secured availability of a full range of products, including fuel oil, diesel and gas oil, in Gibraltar. Iain White, business development manager at EMMF, says, " Gibraltar is a strategically important center for the supply of marine bunkers. We are delighted to have re-established our presence in what is a vital part of the Mediterranean bunker supply chain


FIS Makes Bunker Swaps Simple

London - Freight Investor Services has expanded its rapidly growing commodity broking business into cleared, over-the-counter bunker swaps. The new service – the Fuel Oil Single Swap (FOSS) - comes in response to escalating bunker prices, which are hurting shipowner margins at a time of historically low freight rates. The new FIS offering will include three fuel oil contracts: Singapore 380 centistokes (CST), Singapore 180 CST and Rotterdam 3.5% sulphur barges FOB


Monjasa Buys Tanker from Eships

Eships Bainunah will become African Sprinter in January 2015 (Photo: Monjasa)

The Monjasa Group has purchased a tanker, M/T Eships Bainunah, from Abu Dhabi based Eships, the company announced today. The Turkish-built (2005), IMO-II, 8,000 DWT vessel, which is double hull and fully equipped for bunkering, has been operating for Monjasa on time charter


OW Bunker Bankruptcy has ‘Limited Impact’ on Monjasa

Photo: Monjasa

Though OW Bunker’s collapse has varyingly affected many companies around the globe, Danish bunker fuel provider Monjasa A/S said in a statement that the news holds an “insignificant commercial impact” for its business as the company has had only limited financial exposure towards


Maersk to Introduce Low Sulphur Surcharge

Low Sulphur Surcharge

  To offset the additional cost incurred by switching to cleaner fuels in Emission Control Areas, as required by the new regulation, Maersk Line will introduce a new Low Sulphur Surcharge (LSS). The surcharge will be effective from 1 January 2015 and affect all cargo with load port


Cost to Fuel Ships Falls

bimco.jpg

For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs are reduced by as much as $1 million a year if current price level stay put. Assuming a difference from the average of first half of 2014 at $578 for 380 cSt, High Sulphur Fuel Oil (HSFO) in Rotterdam, to a new level of $412


Quantitative Risk Analysis for LNG Terminals

Wim Lafeber

Widescale Development of LNG Bunkering is Expected.   Lloyd’s Register recently conducted a survey that indicated that the majority of major ports around the world are either planning for, or are anticipating, the widescale development of LNG bunkering


IBIA Offers Industry Support in Wake of OW Bunker Collapse

The International Bunker Industry Association (IBIA) has announced a series of measures to support companies and individuals impacted by last week’s collapse of OW Bunker.  In Singapore, IBIA will be taking part in dialogue sessions led by the Maritime & Port Authority of


Ship Arrested, More Claims Emerge Against OW Bunker

Photo: OW Bunker

Fuel barge Laguna, carrying oil sold by Hin Leong to OW Bunker, arrested. Total claims against OW Bunker Far East and Dynamic Oil now over S$5 mln. Oil firms stepped up legal action against the Singapore units of bankrupt ship fuel trader OW Bunker with the arrest of a ship fuel delivery barge


Maersk Line Q3 Performance Better

Søren Skou, CEO of Maersk Line.

Maersk Line said it has achieved improved results in the third quarter of 2014 (Q3) through lower costs and increased rates. Revenue in Q3 was $7.074 million, as volumes increased by 3.7% to 2.4 million FFE. Maersk Line said its strategy is to grow with the market and the increase is in line


Odfjell Results ‘Improving, But Not Yet Sustainable’

Delivered to Odfjell in the third quarter was Bow Trident, the third of four coated chemical tankers from the Hyundai Mipo yard in South Korea (Photo courtesy of Odfjell)

Norway-based tanker and terminal company Odfjell reported third quarter losses despite revenue gains and the formation of a gas carrier new joint venture, among several "improvements." Odfjell reported third quarter 2014 chemical tankers EBITDA of $26 million


OW Bunker Collapse Rattles Singapore Bunker Markets

Major oil companies, trade firms to expand market share; tight credit hits small retailers. The collapse of OW Bunker in the wake of an alleged fraud at its Singapore trading unit will shake up the city state's more than $25 billion marine fuel market, the world's largest


Ships to Divert to Hong Kong for Bunkers

Hong Kong bunker suppliers are expecting up to 20 percent more inquiries from shipowners who have had fuel contracts cancelled after the world's largest supplier announced its bankruptcy last week, sources said on Friday. Since the fall of OW Bunker


Belgian Law Firm Says Contacted by OW Bunker Investors

Photo: OW Bunker

Belgian law firm Deminor said it had been contacted by 15 to 20 investment firms considering legal action over the failure of OW Bunker, the world's largest shipping firm which filed for bankruptcy a week ago. Deminor, which specialises in representing institutional investors in class actions


Bunker Demand up 25 pct at Indian Ports

Demand for shipping fuel at major Indian ports has climbed in the past week by up to 25 percent as the cost of refuelling at Singapore, Asia's bunkering hub, soared following the collapse of the world's leading supplier, traders said. The announcement of OW Bunker's bankruptcy drove up shipping


Outlook for Bunkering & Marine Lubricants in India

  The "4th Annual Conference on the Outlook for Bunkering and Marine Lubricants in India" will be held on Thursday, December 4, 2014 at the Hotel Vivanta by Taj-President, Cuffe Parade, Mumbai. With the demand for shipping fuel at major Indian ports having climbed in the past


OW Bunker to Meet Liquidator; Ship Arrests Continue

OW Bunker owes financers more than $750 million-creditor data; six more vessels arrested; 7 in total. The Singapore arm of bankrupt Danish shipping fuel trader OW Bunker will meet with its liquidator KPMG in early December to discuss the firm's outstanding debt, which totals almost $1






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright