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.
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'.
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.
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
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
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.
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.
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.
The International Bunker Industry Association (IBIA) has called on the bunker industry to comply with the spirit of Marpol Annex VI in addition to meeting the specific technical requirements laid out in the legislation. Don Gregory, chairman of IBIA, says, "A global cap of 4.5 per cent sets down the maximum sulphur content in bunker fuel. It will be very disappointing indeed if we hear reports of fuel exceeding that very conservative limit".
What happens when a bunker deal set up over the Internet goes wrong? One hasn't yet, but if bunkering in cyberspace mirrors bunkering in the real world, it is only a matter of time before one does. The International Bunker Industry Association (IBIA) and Oxford-based marine, energy and commodity credit information provider Infospectrum will be presenting and discussing each step of an e-commerce deal that has come off the rails at a joint bunker conference to be held in Athens, Greece
From May 1, 2013 Kasper Rosenberg has been employed as Bunker Trader. He will be a part of the sales department in the company’s head office in Middelfart, Denmark, which currently consists of 24 traders with different nationalities.
A/S Dan-Bunkering Ltd. said that Michel Dominique Thomsen has been employed as Senior Bunker Trader and Team Leader with the company's office in Copenhagen, Denmark from May 1, 2013. Michel started his career in the bunker business as a bunker trader with Dan-Bunkering from 2005-2010
The United States of America government has issued a 90-day ultimatum to Nigeria to improve security in its ports and waterways or face a ban on ships from entering the country. At the opening of a two day General Stakeholders Conference on "Reviving ISPS Code Implementation in Nigeria, Mr
Dynamic Oil Trading, the global trading company for marine fuels and lubricants, has announced the appointment of Mona Liu as a bunker trader. Mona Liu brings considerable experience to the Dynamic Oil Trading team, having working in a number of bunker trading and marketing roles within the
The International Bunker Industry Association (IBIA) appointed Jens Maul Jørgensen of Oldendorff Carriers as its Vice-Chairman. He will therefore become Chairman in April 2014. Dilip Mody of Global Fuels & Lubricants has been reappointed Honorary Treasurer.
NLI Solutions (NLI) has developed a concept for a LNG Bunker Barge (often described as the 'missing link' in prospective LNG bunkering plans) based on the NLI LNG tank design. The concept has been further developed in a design study together with the Marine division of Rolls-Royce and Wilhelmsen
A/S Dan-Bunkering Ltd., has per June 1, 2013 employed Carsten Ladekjær as Head of Operations Europe/Asia & Senior Vice President. Carsten will be situated at the company’s headquarter in Middelfart, Denmark, but will manage the overall operational responsibility of several of the
OW Bunker, suppliers and traders of marine fuel oil and lubricants, announce the appointment of Eric Hu as a new Branch Manager in its Hong Kong office. Mr. Hu previously spent two years as Market Manager for China/H.K. and ARA (Europe) at Brightoil Petroleum (Singapore) Pte Ltd
At a press conference at Nor-Shipping 2013, classification society Germanischer Lloyd (GL) said that the trend toward building and operating so called ECO-Ships, or highly energy efficient vessels, was irreversible, given the potential cost savings for the maritime industry
International Bunkering Group announced that a new CEO has been appointed as of June 1 2013. Mr. Christoffer Berg Lassen has been promoted from the position of International Sales Manager to Group CEO. Mr. Christoffer Berg Lassen has worked with the International Bunkering Group since
A/S Dan-Bunkering Ltd. announced that as from April 2, 2013 Søren Emil Dam, has been employed as Bunker Trader with Dan-Bunkering in the company’s head office in Middelfart, Denmark. Søren holds a Master in Interpersonal Organizational Communication from the University of
Emissions regulations from 2015 onwards are driving shipowners to a crossroads on fuel selection. Ahead of Europort 2013, Rotterdam, Dutch interests are making significant waves in tangible investments in LNG as a fuel option. While there is not consensus on the potential of liquefied natural
NLI Solutions and Wilhelmsen Technical Solutions have received Approval in Principle from DNV on a jointly developed LNG Fuel Tank solution based on the NLI LNG tank design. Oslo, 4th of June 2013. Wilhelmsen Technical Solutions (WTS) and offshore oil and gas engineering specialist NLI
Inatech launches its Optimizer to add smart decision making for fuel purchasing to its cloud-based management solution for the entire fuel procurement process. The company explains that Optimizer helps ship operators take the guesswork out of their fuel purchasing decisions by providing real-time
The newly opened Beijing office of worldwide bunker trading company, A/S Dan-Bunkering Ltd., has experienced an excellent start, the company reported. The office has now been open for a few months and the positive feedback from the industry has been a great support.