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Posts Tagged ‘fuel’

Profit gain in Singapore bunkers may jump 24%: energy markets

The profit traders can get from selling shipping fuel in Singapore, the world’s second-busiest container port, may rise 24% in 2011 after the worst slump in at least two years, a Bloomberg News survey showed.

Sellers of 380-centistoke fuel oil, or bunkers, will receive an average US$4.20 ($5.37) a metric ton more than what they pay for the cargoes in Singapore this year, according to the median estimate in a survey of six traders conducted Jan. 24-27. The difference, known as the bunkers premium, shrank to an average US$3.40 a ton last year from US$5.92 in 2009 and $12.14 in 2008, according to data compiled by Bloomberg.

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Singapore Airlines to raise fuel surcharge from Jan 27

Singapore Airlines (SIAL.SI) will increase its fuel surcharge for tickets issued on or after Jan 27 as a result of the recent escalation in jet fuel price, it said on Friday.

“The adjustments will offer only partial relief from the higher operating costs rising from increases in the price of jet fuel,” said Singapore Airlines in a statement.

 
The increases will range from US$3($3.86)-US$27($34.7), it said, taking the fuel surcharges to between US$28 to US$232, depending on distance and the class of travel.
 
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Tablets, Smartphones Fuel 10 Technology Trends for 2011: Deloitte

Consultancy Deloitte Jan. 18 celebrated the tenth anniversary of its predictions, which it launched in 2001 with 10 predictions about mobile telephony. The forecast has evolved to cover technology, telecommunications and media. Deloitte employs 10,000 services professionals who have their fingers on the pulse of these sectors. These pros whip up a list of trends they see for each New Year. Then, Deloitte taps its so-called "second network" of clients, who are interviewed by the service pros for insights into the top trends. The trends share a common theme, which the consultancy characterizes as such: "Deloitte sees a 2011 where consumers and enterprises will be dealing with diversity in hardware-computing platforms, in software operating systems and in wireless-network access." Another way to put it is that the influx of WiFi and 3G-powered smartphones such as Apple’s iPhone and Google Android handsets, as well as tablet computers such as Apple’s iPad and its litany of Android-based counterparts flooding the market, are presenting IT managers with more choices and more management challenges. For example, CIOs must be wary of when and how to allow these machines to tap into cloud-computing services. That’s the chief theme in the enterprise that eWEEK sees for 2011. eWEEK spotlights 10 of Deloitte’s trends in this slideshow. – …


21 Scariest Examples Of Childhood Nightmare Fuel

In movies, TV shows and books aimed at kids, the creators will often times throw in something a little scary in order to keep the kids on their feet. However, sometimes they really underestimate just how creepy and terrifying these creations are, and end up crafting a scene that permanently scars the fragile young psyches. [...]

Chemoil Energy acquires OceanConnect’s marine fuel business for $32m, appoints new CEO

Chemoil Energy says unit Chemoil International has acquired the marine fuel group business of OceanConnect Holdings Inc for US$25 million ($32 million) which will be funded by internal resources.

In a separate announcement, Chemoil says it has appointed Tom Reilly, the former chief executive officer of OceanConnect, as its new CEO and director on Monday.

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Digital Fuel Unveils IT Financial Management Platform

New features in Version 7 include automated cost optimization and cost-modeling capabilities. – Software-as-a-service IT financial management specialist Digital Fuel
unveiled Version 7 of its IT financial management platform, enabling teams to
collaborate in budgeting, planning and cost optimization. The platform is a set
of SAAS business applications that automate processes for IT business…


SIA raises fuel surcharge by between US$3 and US$25

Singapore Airlines will raise the fuel surcharge for tickets issued from tomorrow by between US$3 ($3.9) and US$25 per sector as a result of the continued rise in the price of jet fuel in recent months.
 
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Singapore bunker sales up 0.1% to 3.56 million tonnes in Oct

Marine fuel sales in Singapore, the world’s largest bunker port by volume, edged up 0.1% to 3.56 million tonnes in October on the back of higher vessel arrivals by tonnage, official data showed on Monday.

Vessel arrivals to the city-state rose almost 5% last month as a recovering global economy spurred a pickup in trade.

 
Still, bunker sales did not keep pace with arrivals possibly because the fuel was pricier in October than the previous month, traders said.

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NASA to Repair Cracks in Discovery’s Fuel Tank

Technicians at the space agency say the cracks found in the space shuttle’s fuel tank insulation can be repaired. – Officials at NASA said two cracks found in the space shuttle Discovery’s
fuel tanks can be repaired while the shuttle sits on the launch pad. Agency
officials said they discovered cracks along the foam insulation lining of the
fuel tanks. The cracks (one is at least 20 inches long) were found whi…


Fuel Leak Delays Space Shuttle Discovery Launch: NASA

A fuel leak delays the final launch of the space shuttle Discovery until at least Monday, NASA reports. – The launch of the space shuttle Discovery encountered another delay due to a
fuel leak, space agency NASA reported. Space shuttle managers scrubbed
Discovery’s launch attempt due to a hydrogen leak at the Ground Umbilical
Carrier Plate, or GUCP.
NASA officials said the next launch opportunity w…


Germany RWE to set up fuel oil trading in Singapore

German utility RWE (RWEG.DE), which became a regular fuel oil arbitrage player in Singapore in the past three months, is expected to set up a trading desk in Singapore by the start of 2011, trading sources said on Tuesday.

RWE’s entry will make the congested Singapore market more competitive and squeeze already poor trading margins further, traders said.

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Germany RWE to set up fuel oil trading in Singapore: Update

German utility RWE (RWEG.DE), which became a regular fuel oil arbitrage player in Singapore in the past three months, is expected to set up a trading desk in Singapore by the start of 2011, trading sources said on Tuesday.

RWE’s entry will make the congested Singapore market more competitive and squeeze already poor trading margins further, traders said.

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Germany’s RWE to set up fuel oil trading in Singapore

German utility RWE (RWEG.DE), which became a regular fuel oil arbitrage player in Singapore in
the past three months, is expected to set up a trading desk in Singapore by the start of 2011, industry sources said on Tuesday.

RWE, which started trading fuel oil more than a year ago, is expanding its presence into Asia with two traders, one each for the physical and the paper markets, the sources added.

 
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Brightoil takes extra fuel oil storage in Singapore

China’s Brightoil (0933.HK) has leased additional fuel oil storage capacity in the Singapore oil trading hub, making its total tankage comparable to the product’s top players, industry sources said on Friday. 

The Hong Kong-listed firm, which has ambitions to be a global oil trading force, has leased 100,000-120,000 cubic metres (cu m) of capacity from Singapore-listed Chemoil at its Helios Terminal, taking its total to 300,000-320,000 cu m, for three months starting in October, the sources said.

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Cloud Computing to Fuel Security Market, Forrester Says

Forrester predicts the cloud security market will grow to $1.5 billion in five years. Among the main areas of focus will be identity and access management, data security, and cloud governance. – A new report from Forrester Research projects that the cloud security market
will grow to $1.5 billion by 2015 a shift that will disrupt what Forrester
calls the quot;security solution ecosystem. quot;
In a report entitled quot;Security and the Cloud, quot; Forrester analyst
Jonathan Penn pre…


Police restore French fuel supplies

Police in France have broken blockades at three fuel depots at Donges, La Rochelle, and Le Mans, restoring supplies, euronews reports. But all of France’s refineries remain shut down.

GPSChemoil secures $117m financing for Phase 4 fuel terminal project

GPSChemoil has announced that the financing of the construction of phase four of its storage terminal at Fujairah, United Arab Emirates, has been successfully arranged.

GPSChemoil is a joint venture company between Gulf Petrol Supplies LLC, a subsidiary of the Fujairah National Group, and Chemoil, one of the world’s leading suppliers of Marine Fuel.

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China Aviation Oil and BP form jet fuel, gas oil supply venture

China Aviation Oil (CNAO.SI) has inked a four-year agreement with oil major BP Singapore (BP.L) to jointly supply jet fuel and gas oil globally. The collaboration, which will take effect from Jan. 1, and was announced late on Tuesday, will involve both CAO and BP pooling a portion of their jet fuel and gas oil supplies to be sold to markets in Middle East, Asia Pacific including China, and Europe.

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Taliban attack NATO fuel convoy in Pakistan

Suspected militants have attacked a depot where tankers were being filled with fuel to supply Nato troops in Afghanistan. As many as 27 transporters were set alight close to the Pakistan capital Islamabad.

Noble Group plans an expansion into supplies of nuclear fuel

Noble Group, which counts China’s sovereign wealth fund as a shareholder, plans to expand into supplies of nuclear fuel to meet rising demand from China and India, its executive chairman said.

The company bought a 5.1% stake in USEC Inc., a U.S. provider of enriched uranium producing 50% of the fuel in the world, Tobias Brown said in an interview in Singapore today. Of all the nuclear plants being built, about half are in China, he said.

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