Fuel Products News

20 Dec 2019

Singapore Jails Tanker Captain in Shell Theft Case

AdobeStock / © Renaschild

The captain of a Vietnamese oil tanker has been jailed for over five years in Singapore for his role in a scheme that saw around $150 million of oil stolen from Shell's biggest refinery over several years.Doan Xuan Than, 47, was sentenced to 66 months in prison on Thursday, a spokesman for the State Courts of Singapore said, becoming the second person jailed in a case that also involves former employees of Royal Dutch Shell who allegedly conspired to siphon oil from the firm's Singapore refinery.The theft…

08 Nov 2019

Monjasa Expands to Angola

Photo: Monjasa

Danish bunker company Monjasa announced the opening of its first office in Luanda, Angola, to support the West Africa oil and shipping activities.Monjasa started supplying bunkers across West Africa in 2009 and since then, it has delivered a total of 10.6 million tonnes of fuel products across the region from the Gulf of Guinea to Namibia."Monjasa is currently enabling the IMO 2020 transition by making new low-sulfur marine fuel available across the region. Today, Monjasa is the leading supplier in West Africa measured on volume and a fleet of 10 tankers deployed in the region…

30 Oct 2019

Viva Energy Fuels the Future of Shipping

Photo: Viva Energy

Viva Energy Australia announced the launch of its new very low sulphur fuel oil (VLSFO), developed to meet the International Maritime Organization’s (IMO) new regulations on fuel sulphur content.The new regulations will limit the sulphur content in marine fuels to 0.5% from the current level of 3.5%, in a move to reduce sulphur oxide emissions globally. Vessels worldwide will be required to comply by January 1, 2020.The introduction of the IMO’s new sulphur cap on fuels is one…

08 Oct 2019

Disruptions to Global Shipping Industry Explained

AdobeStock / © Kasto

Oil shipping rates are soaring following a series of sanctions on a Chinese transportation giant and limitations placed on movement of Venezuelan crude oil tankers.WHAT HAS HAPPENED TO SHIPPING RATES?The cost of chartering a supertanker to send crude oil from one country to another is rising sharply. A South Korean importer paid more than $12 million in shipping costs for one crude shipment from the U.S. Gulf Coast. This was followed by Friday's tentative charter of another crude…

27 Aug 2019

Monjasa Acquires 5 Tankers for 2020 Supply

Pic: Monjasa

Global bunker company Monjasa Group has acquired full ownership of five tankers ahead of IMO2020."Monjasa secures five tankers with a total 37,500 deadweight and thereby extends ownership of the supply chain across core markets in the Arabian Gulf, West Africa and the Panama Canal at a critical point of time in bunkering and shipping," said a press release from the global partner in the oil and shipping industries.Shipowners around the world are tightening marine fuel supplies…

27 Aug 2019

Crowley Orders New ATB for Enhanced AK Service

Photo: Crowley

Crowley Fuels has signed construction contracts to build a 55,000-barrel, articulated tug-barge (ATB) that is specifically designed to serve the Western Alaska market with delivery of clean fuel products.The 410-foot ATB will have enhanced performance features for the demanding river and sea conditions of Western Alaska, an area that depends on safe and reliable marine delivery services during the short open-water season. An ATB consists of a tugboat and barge that are connected from the bow of the tug to a notch in the stern of the barge by a hinged connection system…

02 Jun 2019

Maersk, DB Schenker to Fight Ocean Pollution

Pic: Maersk Line

Danish shipping  conglomerate A.P. Møller – Maersk A/S and German logistics company DB Schenker have partnered to establish a CO2 target to reduce CO2 emissions by 20% per container transported from 2014-2020 for DB Schenker’s business with Maersk.As a result of Maersk’s fuel efficiency efforts, the companies met this target in 2018, 2 years ahead of schedule, said a press release from the largest container ship and supply vessel operator.“We’re on the same page with our carriers…

23 Apr 2019

Shipping on Rhine in Germany Hampered by Low Water Levels

© Otto Durst / Adobe Stock

Cargo vessels cannot navigate much of the Rhine in Germany when fully loaded after dry weather caused a drop in water levels.Traders said that from Duisburg and Cologne to south Germany the Rhine is too shallow for normal sailings, which means vessel operators impose surcharges on freight rates for cargo owners.The Rhine is a major shipping route for commodities such as grains, minerals, coal and fuel products including heating oil.German companies faced supply bottlenecks and…

03 Apr 2019

Monjasa Boosts Bunker Volumes by 17%

Pic: Monjasa

Global bunker company Monjasa Group boosted sales volume in 2028 reaching 4.1 million metric tonnes of marine fuels, up 17% over its previous year figure of 3.5mt.Despite a continuously challenged maritime shipping industry, 2018 was a good year for the Monjasa. Coupled with the entry of new banking partners and closer relations with oil majors, the Monjasa Group improved its business fundamentals during the year, reporting a positive net result of USD 5mln.Coupled with a higher average Brent oil price of USD 71 per barrel…

07 Jan 2019

Bunker One Expands to Germany

Image: Bunker One

Denmark-based marine fuel supplier Bunker One has announced the establishment of a new physical bunker entity, serving the German market.Bunker Holding subsidiary said that the business activities of the new entity Bunker One (Germany) GmbH will be concentrated on supplying marine fuel products and other related services to ferry- container- and other commercial vessels in all ports at the German North Sea and Baltic Sea regions with base in Rostock, Kiel and Hamburg.To benefit…

18 Dec 2018

ScanOcean, Neste Pact for Low-Sulfur Bunker Fuel

Pic: Neste Corporation

Finland oil refining and marketing company Neste Corporation and Swedish bunker and marine fuels provider ScanOcean AB enter into cooperation in delivering Neste’s low-sulfur marine fuel. ScanOcean AB is now an official reseller for Neste’s 0.1% marine fuel products on the East Coast of Sweden. The low-sulfur marine fuel is one of Neste’s high quality products."The re-seller partnership with ScanOcean is part of our marine fuel strategy as it is our aim to continually offer customers better services both locally and globally.

28 Jun 2018

PetroChina Ships first Gasoline Cargo to Canada

File Image (CREDIT: AdobeStock / © Carabay)

PetroChina has shipped its first gasoline to Canada on June 20, the company's official newspaper said on Thursday.   35,000 tonnes of gasoline was shipped from PetroChina's Guangxi Qinzhou refinery to Vancouver, PetroChina said, marking the company's latest efforts to expand sales in new markets such as Japan and Australia amid a rising domestic glut in fuel products   Sinopec's Tianjin refinery also shipped diesel to Australia for the first time on Tuesday.   Reporting by Meng Meng and Aizhu Chen

25 Jan 2018

Shady Triangle: Southeast Asia's Illegal Fuel Market

© Chee-Onn Leong / Adobe Stock

An alleged oil heist in Singapore that has already led to 20 arrests, the seizure of at least one tanker and allegations that thieves siphoned thousands of tonnes of fuel from Shell’s biggest refinery is shining a spotlight on an illegal trade worth tens of billions of dollars worldwide. Working routes in a triangle of sea anchored by Thailand, Vietnam and Singapore and encompassing the oil facilities of Malaysia, the smugglers take advantage of a difficult-to-patrol sea and enticing black market prices, experts say.

13 Nov 2017

Major Revamp at Stena Bulk

Image: Stena Bulk AB

Stena Bulk is reorganising its business activities into three business areas: Crude & Fuel, Products & Chemicals and LNG and have appointed two new managing directors. At the same time, its business activities previously conducted under the name of Stena Weco are being coordinated and incorporated into Stena Bulk. Additionally, a new office in Copenhagen will be opened in the next few days. As a result, the company will leave its office in Rungsted, which until now has been used by Stena Weco.

26 Jun 2017

Aegean Marine Strengthens Presence on the U.S. East Coast

Photo: Aegean Marine Petroleum Network Inc.

Aegean Marine Petroleum Network has announced the launch of a new service center in Savannah, Georgia, the third largest container port in the United States. The operations in Savannah will be managed by the existing Aegean U.S. team. Under the terms of the agreement with Colonial Terminals, Inc., Aegean will lease tankage from Colonial's oil terminal on the Savannah River. Aegean will acquire and blend a full range of bunker fuel products and has agreed to supply Colonial Oil Industries, Inc. with a range of No. 6 oil products for Colonial's truck delivery business.

25 May 2017

Gulf Petrochem Sets Up Russian & Baltic Trading Desk

Boris Kuftyrev (Photo: GP)

Gulf Petrochem Group (GP) has further strengthened its European bunkering division by establishing a Russian and Baltic trading desk within the Rotterdam office. Boris Kuftyrev has been appointed to manage this desk overseen by Chris Todd in Europe’s largest bunkering port, Rotterdam. Kuftyrev has in-depth knowledge and experience having previously held the position of head of sales at Gazpromneft Marine Bunker ltd. He joins GP’s ever expanding back-to-back bunker team and will specifically look to develop the group’s presence in the Russian and Baltic region.

18 May 2017

MXB Begins Physical Operations in Mumbai

Photo: MXB

Matrix Bharat Pte. Ltd. (MXB), a supplier of marine fuels in India, has begun physical operations in Mumbai. In conjunction with this, MXB has commenced operations on Jawahar Dweep, an island off the southeastern coast of Mumbai. MXB is a joint venture between Matrix Marine Fuels and Bharat Petroleum Corporation Ltd. (BPCL), one of India’s largest PSU (state owned) oil refining and marketing companies. The company will provide physical products at Mumbai’s Outer Port Limits (OPL), servicing vessels that are waiting to berth, as well as vessels making bunker-only-calls.

17 May 2017

New Bunker Supplier Eyes Houston/Galveston Market

File photo: Port of Houston Authority

GCC Bunkers said it seeks to establish itself as a leader in developing compliance solutions for the IMO global sulfur cap in 2020 and is operated by principals Mark VandeVoorde and John Mafrige. Longer term, GCC is actively evaluating several processing or manufacturing opportunities for post 2020 bunker fuels to be produced in Texas. The Company has secured working capital funding from a Texas-based private equity group and has entered into agreements for physical marine fuels storage at Texas International Terminals in Galveston, beginning July, 2017.

23 Mar 2017

Cosco Shipping 2016 Profit Dip

Photo: Cosco Shipping International (Hong Kong)

Cosco Shipping International (Hong Kong) has seen its profit for the year ended December 31, 2016 drop 29 percent to HKD 236.5 million (USD 30.4 million) from HKD 362 million (USD 46.6 million) reported a year earlier. Although the company’s operating profit dropped to HKD 544.2 million for the full year from HKD 690.7 million reported in 2015, Cosco Shipping International said that its revenue for the period increased to HKD 7.4 billion from HKD 5.9 billion. In 2016, world economy has experienced deep adjustment, while international trade growth remained subdued.

09 May 2017

Cuban Refined Oil Product Exports Drop Sharply

Cuban exports of refined oil products fell about 97 percent between 2013 and 2016, according to a United Nations trade report released this week, reflecting falling supplies from its political ally Venezuela. The UN Comtrade annual report put the value of Cuban fuel exports last year at $15.4 million, compared to more than $500 million in 2013. The amounts for 2015 and 2014, when oil prices collapses, were $163.5 million and $336.8, respectively. The figures were based on import data from reporting countries, which may make them incomplete. The communist-ruled Caribbean nation does not publish oil-related export information. Cash-strapped Cuba reported its exports of goods…

27 Jun 2016

Chemical Tanker Runs Aground off Alaska

A 599-foot Norway flagged chemical tanker Champion Ebony ran aground near Nunivak Island, Alaska on June 24. U.S. Coast Guard Sector Anchorage watchstanders received a report from the National Response Center that the vessel ran aground carrying approximately 14.2 million gallons of various fuel products. The captain of Champion Ebony reported that no pollution or injuries resulted from the incident. An Air Station Kodiak C-130 Hercules airplane crew conducted an over-flight of the tanker and reported no signs of pollution in the vicinity of the tanker. The Champion Ebony is a double-hulled vessel that had 24 crewmembers aboard at the time of the incident.

26 Jul 2016

Gulf Petrochem Group Expands European Bunker Operations

Neil Lamerton (Photo: Gulf Petrochem Group)

Gulf Petrochem Group, the UAE based global bunker supplier, has announced that it is now officially offering physical bunker supply in the port of Rotterdam, out of its new office based in Dordrecht. The office will cater to the group’s global customers and provide them with a wide portfolio of marine fuel products such as 380cst and LSGO from two exclusive time chartered barges, the Virage and the Arctic. Both barges have a capacity of 3,000 dwt (deadweight tonnage) and pumping capacity of 960cbm/hour and 800cbm/hour respectively.

04 Oct 2016

GP Group Expands Antwerp Bunker Operations

(Photo: Gulf Petrochem Group)

UAE based global bunker supplier Gulf Petrochem Group is now offering physical bunker supply in the port of Antwerp, Belgium from its existing office in Rotterdam, the Netherlands with immediate effect. The new offering will cater to the group’s global customers and provide them with a wide portfolio of marine fuel products such as RMG 380 and LSGO from two exclusive time chartered barges, the Valsinni and the Chardonnay. Both barges have a capacity of 4,600 dwt (deadweight tonnage)…

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