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Euronav is Growing its VLSFO Stockpile Again to Dilute $56 Million Paper Loss
The company is currently buying 20% more fuel than it needs, to bring down the average price of its stockpile.
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06AugHave you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from July 30 – August 5, 2020. Read in Full
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06AugHapag-Lloyd is temporarily not accepting any cargo to and from Beirut. Read in Full
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06AugLast month some 46% of all HSFO leaving the Baltic Sea went to the US. Read in Full
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06AugAlfa Laval, Hafnia, Haldor Topsoe, Vestas, and Siemens Gamesa have together issued the report. Read in Full
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06AugIs the second major player this week to pull back on its trade financing. Read in Full
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05AugCanada, however, benefits from the U.S.'s slow gains. Read in Full
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05AugLubricant additive packages may be the key to solving some of the problems associated with VLSFO, according to Lubrizol. Read in Full
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05AugThe explosion destroyed most of Beirut's port facilities as well as causing widespread destruction around the city and killing at least 100 people. Read in Full
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05AugThe company is seeking candidates with 1-4 years of experience in a similar role. Read in Full
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05AugGP has also brought in UK-based financial restructuring firm Quantuma to assist with its restructuring. Read in Full
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Latest Bunker Prices See All Bunker Prices
| VLSFO | MGO | IFO380 | ||||
|---|---|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | $/mt | +/- | |
| Global 4 Ports Average | 332.50 | 10.00 | 400.00 | 5.00 | 271.50 | 4.00 |
| Global 20 Ports Average | 349.00 | 5.50 | 417.00 | 3.50 | 290.50 | 4.50 |
| Global Average Bunker Price | 371.00 | 4.50 | 486.00 | 3.50 | 316.00 | 2.00 |
| Singapore | 349.50 | 3.50 | 387.50 | 0.50 | 281.00 | 0.50 |
| Rotterdam | 323.00 | 0.50 | 367.50 | 11.00 | 267.00 | 1.50 |
| Fujairah | 345.50 | 3.50 | 459.50 | 2.50 | 279.50 | 4.00 |
| Houston | 307.50 | 2.50 | 378.50 | 2.00 | 264.50 | 3.50 |
| Busan |
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| Colombo |
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| Durban |
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| Gibraltar | 341.00 | 1.00 | - | 313.50 | 3.00 | |
| Hong Kong | 349.00 | 1.50 | 374.00 | 4.00 | 304.50 | 5.50 |
| Istanbul | 353.00 | 0.50 | 427.50 | 6.00 | 314.00 | 7.50 |
| LA / LB | 364.00 | 2.00 | 406.50 | 3.50 | 271.00 | 2.50 |
| Las Palmas |
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| Mumbai |
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| New York | 338.50 | 3.00 | 381.50 | 9.00 | 279.50 | 0.50 |
| Cristobal, Panama |
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| Piraeus | 369.50 | 2.00 | 407.50 | 2.00 | 296.50 | 0.50 |
| Santos | 334.50 | 12.00 | 478.50 | 1.00 | - | |
| Shanghai |
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| St Petersburg |
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| Tokyo |
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Top Bunker Prices All Prices
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Aug 06Is the second major player this week to pull back on its trade financing. -
Aug 05GP has also brought in UK-based financial restructuring firm Quantuma to assist with its restructuring. -
Jul 30GP employees in the UAE are alleged to have taken advantage of working from home to manipulate trading records and defraud the company and its customers.
Future Outlook
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Aug 04We have to prepare ourselves to meet the challenges which are forcefully imposed by the COVID-19 pandemic, study's lead author says. -
Jul 24"Some might find it surprising that there are so many initiatives and innovations that are already in progress," says BLUE Insight's Adrian Tolson. -
Jul 16The plan could be a significant milestone in the development of alternative fuel supply chains for the shipping industry. -
Jul 13Efficiency drive by Danaos gives CO2 reduction of 41% in 2019 compared to 2008. -
Jul 08New report highlights need for "much larger pool of capital and expertise to evolve new technologies" -
Jul 07Yang Ming's carbon dioxide emissions per TEU-kilometre were 51% lower last year than in 2008.