British oil major BP and China’s Sinopec Fuel Oil have formed a marine fuels bunkering joint venture (JV), BP Sinopec Marine Fuels Pte Ltd. Under the deal, the 50-50 percent joint venture, BP Sinopec Marine Fuels Pte Ltd, would be based in Singapore and provide ship fuel storage and sales…
Buyers from China are looking at long term liquefied natural gas (LNG) supplies from US firm Cheniere Energy, news agency Reuters quoted a company official as saying. This would be the first LNG deal between the world's two biggest energy users…
The European Council approved a new shipping regulation on the monitoring, reporting and verification (MRV) of CO2 emissions on April 28, 2015, as part of its overall strategy to reduce greenhouse gas emissions by 2050. The regulation, slated to enter into force on July 1…
KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, has promoted Jordan Felber to Team Leader in its New York office. Felber joined KPI Bridge Oil in late 2008, previous to his time…
Crude oil tanker market sentiment weakened in April as average spot freight rates dropped on most reported routes, OPEC said in its latest monthly report. On average, dirty tanker freight rates were down 8% from the month before. Despite a stronger market seen in the VLCC sector…
Global broker and trader in marine bunkers, marine lubricants and risk management products KPI Bridge Oil has promoted Brian Coyne to managing director at its New York office. Coyne recently completed his MBA at New York University and has been with KPI Bridge Oil for more than 10 years…
Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said A.P. Moller-Maersk's forecast-beating results on Wednesday had been helped by one-offs. While the world's largest container shipping…
Cummins Inc. announced two new environmental sustainability goals for its products in-use and the logistics of the company's managed freight. These new goals are part of a broader effort for Cummins to reduce its environmental footprint…
A/S Dan-Bunkering Ltd. has announced following staff changes.Anders Høj Sørensen has been promoted Senior Bunker Trader as of May 1, 2015. Sørensen started as a Bunker Trader in the office in Copenhagen in 2007 and has over the years displayed…
Surprisingly, it seems that the use of VLCCs for floating storage has increased in recent weeks, says a report by Poten & Partners Information about the ships reveals that about every third vessel on charter contract earlier this year is now being used for floating storage…
Dan-Bunkering (Middle East) DMCC has announced that Emad Alrifai has been employed as Bunker Trader as per April 1, 2015.Alrifai who has a B.Sc. in Chemical Engineering brings along both thorough technical knowledge as well as international…
Polar Code environmental provisions set for adoption at IMO’s Marine Environment Protection Committee The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) meets for its 68th session from May 11-15…
A single oil spill can release 30,000 tonnes of oil into the ocean if two vessels collide. In grounding the high weight can lead to oil disaster, in the Baltic Sea up to 120,000 tonnes. This estimate does not include the new giant tankers,…
A new CE Delft study has revealed that many recently constructed ships already meet the International Maritime Organization’s (IMO) design efficiency standard for 2020, says Pan European Networks. The study, commissioned by Brussels-based NGOs Seas at Risk and Transport & Environment…
Golar LNG has signed a binding Heads of Terms with Ophir Energy Plc for the provision of the GoFLNG vessel Gimi. Golar has started discussions with partners Keppel and Black & Veatch aimed at exercising an option, under an existing framework agreement…