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

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'.

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.

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

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

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.

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.

IBIA Calls on Industry to Comply

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".

E-Commerce Missteps Analyzed At Joint Bunker Conference

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