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Ship Bunkering

Bunker Prices Double-Digit Drop

Last week (ending 22, June 2012) oil bunker prices dropped in key ports across the world IFO380 has made double-digit drops in Singapore, Rotterdam, Fujairah, and Houston, and all four ports once again reached new lows for the month reports 'Ship & Bunker'. (IFO 380 is Intermediate fuel oil with a maximum viscosity of 380 Centistokes (<3.5% sulphur). In Asia, Singapore IF380 prices dropped by $11.00 bringing the price to $563.50, while Hong Kong IFO380 fell for the fourth day this week dropping $10.00 to $585.00 per metric tonne (pmt). LA / Long Beach continued on a downward trend, IFO380 chalking up an 11th consecutive day of losses by dropping $7.50 to $562.50 pmt.  


Deiulemar Shipping Prefers Liquidation to Bankruptcy

Photo credit Deiulemar Shipping Company

Italian dry freight group Deiulemar Shipping  is trying to avoid formal bankruptcy proceedings. Italian dry freight group Deiulemar Shipping Company SpA (Deiulemar Shipping) is seeking liquidation to avoid formal bankruptcy proceedings after Italian prosecutors seized assets totaling 323 million Euros ($399.5 million) which included 10 of its vessels, according to a Reuters report accessed by 'Ship & Bunker'.


LevelSeas Adds Key Clients

Internet ship-brokerage Levelseas said that seven of the world's biggest commodity traders and three key shipping players had signed up to its system, LSX, allowing them to fix transport deals directly from mid-September. At the click of a button, traders like BP, Cargill or BHP Billiton will for the first time be able to book their cargoes of oil or grain directly onto a ship, a process that was once the almost-exclusive domain of shipbrokers.


Foss Maritime Wins Clean Air Award

The ports of and was honored Foss Maritime Company, calling its innovative approach to reducing air pollution in southern an outstanding example of corporate leadership.  Among Foss’ initiatives: Developing the world’s first hybrid tug, the Green Dolphin, a low-emission vessel that company officials expect to deploy in San Pedro Bay by the fall of 2008.  Earlier this year, the federal Environmental Protection Agency gave Foss and the Green Dolphin its Clean Air


LNG Bunkering – Singapore Sets Up Joint Industry Project

Maritime & Port Authority of Singapore (MPA) considers operational feasibility of LNG bunkering A Joint Industry Project (JIP), co-funded through MPA’s MINT fund, is aimed to provide recommendations to the Singapore government authorities on enabling LNG bunkering in Singapore, ensuring operational safety, alignment with industry expectations and best practice, and compliance with relevant international rules, regulations and standards.


ABS Signs Agreements in Korea with KOGAS, Universities

ABS signed Memoranda of Understanding (MOUs) with several Korean entities to advance local research and development (R&D) efforts.  On October 219, 012, ABS President and CEO Christopher J. Wiernicki signed an MOU with the Korea Gas Corporation (KOGAS) to join in international projects through equity participation in overseas LNG projects.  The scope of the agreement includes technological cooperation, training


MPA Suspends Licenses of Coastal Bunkering Services

The Maritime and Port Authority of Singapore (MPA) has suspended the bunkering licenses of Coastal Bunkering Services Pte Ltd to operate as a bunker supplier and a bunker craft operator with immediate effective today. This follows the conviction of five bunker surveyors on May 24 for accepting bribes from Coastal Bunkering Services. With the suspension, Coastal Bunkering Services is disallowed from operating as a bunker supplier and/or bunker craft operator in the Port of Singapore.


Rotterdam Bunker Biz up in 2004

11.4 million tons was bunkered in Rotterdam in 2003, as compared to 10.6 million tons in the previous year. The 7.4 percent increase meant a record for the port in terms of the amount of ship's fuels and lubricants supplied to the seagoing shipping sector. With a turnover of roughly $2 billion and direct employment for well in advance of 1400 people, it was a particularly good year for the bunker sector. Following Singapore, Rotterdam is the largest bunker port in the world.


Two Bunker Suppliers' Licenses Revoked

The Maritime and Port Authority of Singapore (MPA) cancelled the bunker supplier licenses of Excel Petroleum Enterprise Pte. Ltd. and Lian Hoe Leong & Brothers Pte. Ltd. with effect from January 15, 2014 for contravening the terms and conditions of the bunkering licenses. Both companies were found to have breached Clause 3 of the terms and conditions of the Bunkering Licence (Bunker Supplier) by allowing other companies to use their Bunker Delivery Notes to supply bunkers.


MPA Cancels Coteam Petroleum Bunker License

The Maritime and Port Authority of Singapore (MPA) cancelled the bunker supplier and bunker craft operator licenses that were issued to Coteam Petroleum Trading Pte Ltd with effect from April 1, 2014 as they contravened the terms and conditions of the bunkering licenses, GAC reported. Coteam Petroleum was found to have breached Clause 3 of the terms and conditions of the Bunkering License (Bunker Supplier) by allowing other companies to use their Bunker Delivery Notes to supply bunkers


OW Bunker, Genoil Partner for Low Sulphur Fuel Oil

Genoil to develop hydro cracking unit to produce ECA-compliant LSFO; OW Bunker to provide feed oil and buy one million tons of 0.1% LSFO per annum OW Bunker, a physical distributors and resellers of marine fuels, today announced that it has signed a Memorandum of Understanding (MOU) with Genoil


Ultra Deepwater Rig Towed 11,500 Miles

Image Courtesy Fairmount

Fairmount Marine towed Sevan Louisiana to Curaçao Tug Fairmount Sherpa towed rig Sevan Louisiana safely from Singapore to Curaçao. During the 11,500 miles voyage via Cape of Good Hope, stops were made in Port Louis (Mauritius)


LNG Bunkering Will Develop Fast - LR Study

Frontispiece image courtesy of LR

Lloyd's Register’s (LR) LNG Bunkering Infrastructural Survey 2014 indicates that major ports around the world are either planning for, or are anticipating, the wide-scale development of LNG bunkering. 22 ports were assessed in the analysis with 18 key questions addressed.


ISS Network Expands to Venezuela

Photo courtesy of ISS

Inchcape Shipping Services (ISS) has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz. Port Manager, Aldo M. Limongelli, who brings 38 years of experience in maritime operations such as chartering, bunkering, stevedoring, transportation


BV to Class Largest Gas-fuelled Ro-pax Fleet

Image: Bureau Veritas

International classification society Bureau Veritas (BV) is to class a gas-fuelled major ro-ro passenger ferry newbuilding and oversee the conversion of three existing ro-pax ferries to LNG power for Brittany Ferries. A major risk analysis carried out by Bureau Veritas together with Tecnitas was


ABS to Release LNG Bunkering Report at CMA 2014

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Classification society ABS inform that on Tuesday, 18 March 2014, ABS Vice President for Global Gas Solution Patrick Janssens will present an ABS report entitled Bunkering of Liquefied Natural-Gas Fueled Marine Vessels in North America at CMA’s Shipping 2014.


EBDG LNG Bunker Barge Gains ABS Approval

Image: Elliott Bay Design Group

On February 27, Elliott Bay Design Group (EBDG), a Seattle-based naval architecture and marine engineering firm with offices in New Orleans and Ketchikan, obtained approval in principle (AIP) from the American Bureau of Shipping (ABS) for the design of a 2


Gas tanker firm Avance announces Oslo IPO

Gas tanker operator Avance Gas Holding is planning an initial public offering (IPO) and aims to list its shares on the Oslo Bourse in April, one of its owners said on Wednesday, joining a flurry of Nordic firms planning stock market debuts.


Dan-Bunkering Trader Transfers to Singapore

Maria Eliseeva

Dan-Bunkering (Singapore) Pte. Ltd. is pleased to announce that as of March 1, 2014, Maria Eliseeva transferred from A/S Dan-Bunkering Ltd. Kaliningrad Rep. Office to Dan-Bunkering (Singapore) Pte. Ltd. Maria Eliseeva will strengthen a team of 17 dedicated international colleagues at


LNG Design: Necessity is the Mother of all Invention

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Jensen Maritime Consultants – leveraging a unique porthole on the maritime industry – anticipates and meets demand in the burgeoning maritime LNG sectors. Nevertheless, says Jensen’s Johan Sperling, it’s not rocket science. 


OW Bunker Expands North America Distribution

OW Bunker, a physical distributors and resellers of marine fuel, announced the launch of physical distribution operations in Los Angeles and Long Beach, further expanding its presence in North America. The move comes less than 18 months after launching a physical offering offshore in the Gulf of


OW Bunker Launches Australia Operations

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OW Bunker, a physical distributor and reseller of marine fuels, announced the launch of a physical distribution operation in Australia. The move is part of OW Bunker’s strategy to further expand the company’s global physical distribution presence in key locations for customers


ABS Report Addresses LNG Bunkering Regulation

Patrick Janssens (Photo: ABS)

Study provides practical guidance for meeting regulatory requirements ABS, a provider of classification services to the global marine and offshore industries, released a report entitled Bunkering of Liquefied Natural Gas-Fueled Marine Vessels in North America


ABS Approves GTTNA’s LNG Bunker Barge Design

Image courtesy GTTNA

Houston-based GTT North America (GTTNA), U.S. subsidiary of French engineering and technology company Gaztransport & Technigaz SA (GTT), has received approval in principle (AIP) from ABS for the design of a 2,200 cubic meter liquefied natural gas (LNG) bunker barge


New Bunker Industry Chairman Focuses on Supply Quality

Jens Maul Jorgensen: Photo IBIA

The International Bunker Industry Association (IBIA) informs of the appointment of Jens Maul Jorgensen as its Chairman for 2014/15. He replaces Simon Neo who has completed his one year term of office.  
 IBIA say that Jens Maul Jorgensen is Director of Bunkers for German dry bulk shipowner


 
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