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INTERVIEW: 'When It's Quite Windy Out There, Bunker Holding Excels'

INTERVIEW: 'When It's Quite Windy Out There, Bunker Holding Excels'

Bunker Holding CEO Keld Demant discusses the firm's positive outlook for this year in an interview with Ship & Bunker, after reporting the second-best profits in the company's history.
  1. 30Jun
    Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from June 23 – June 29, 2022. Read in Full
  2. 30Jun
    Daniel Rose, former CEO of brokerage LQM, will serve as the company's CEO. Read in Full
  3. 30Jun
    The firm will supply its power system platform to the tugboat Taiga, being developed as a collaboration between Tokyo Kisen and E5 Lab. Read in Full
  4. 30Jun
    MOL transported an ISO tank container of ammonia from Abu Dhabi to Japan. Read in Full
  5. 30Jun
    The company reported earnings before tax of $103 million in the year to April 30, up from $70.3 million a year earlier. Read in Full
  6. 30Jun
    Quah Ley Hoon, CEO of the MPA, was conferred Knight of the Legion of Honour earlier this week for her role in transforming Singapore and building maritime ties between France and Singapore. Read in Full
  7. 30Jun
    In an exchange filing on Wednesday the firm set out more details on its financial troubles. Read in Full
  8. 29Jun
    But plenty of bullish signs cloud trading outlook. Read in Full
  9. 29Jun
    The 110 m ro-ro vessel Minsheng was delivered to Minsheng Steamship Co. in China on June 21. Read in Full
  10. 29Jun
    Yara Marine Technologies is set to install four BAR Tech WindWings on board Berge Bulk's 210 DWT bulker the Berge Olympus. Read in Full

Bunker Price Outlook & Analysis

  1. FEATURE: 10 Years of Bunker Prices
    Jun 16
    Bunker prices at record highs having risen 679% over the last 7½ years. This year's price jump is bigger than during any previous event over the last decade.

Top Stories More

  1. INTERVIEW: 'When It's Quite Windy Out There, Bunker Holding Excels'
    Jun 30
    Bunker Holding CEO Keld Demant discusses the firm's positive outlook for this year in an interview with Ship & Bunker, after reporting the second-best profits in the company's history.
  2. INTERVIEW: KPI OceanConnect Sees Flat Conventional Demand But Good Prospects for Alternative Fuels
    Jun 28
    KPI OceanConnect CEO Søren Høll discusses the firm's profits, its attitude to credit allocation and its plans for alternative fuels in an interview with Ship & Bunker.
  3. Dan-Bunkering Earnings Drop to Four-Year Low After Sanctions Fine
    Jun 27
    The company saw pre-tax profits of $13.5 million for the 2021/22 financial year, it said in an emailed statement on Monday, down from $19.5 million the previous year.
  4. Bunker Holding Owner Selfinvest Reports Record Earnings
    Jun 21
    Earnings before tax nearly doubled to DKK 1.22 billion ($172.7 million) in the year to April 30 from DKK 621 million the previous year.
  5. VPS: Rising Fuel Quality Issues Linked to Rising Fuel Costs
    Jun 13
    Steve Bee of testing firm VPS sets out the correlation between rising fuel costs and an increase in quality problems.

Russia / Ukraine

  1. INTERVIEW: 'When It's Quite Windy Out There, Bunker Holding Excels'
    Jun 30
    Bunker Holding CEO Keld Demant discusses the firm's positive outlook for this year in an interview with Ship & Bunker, after reporting the second-best profits in the company's history.
  2. INTERVIEW: KPI OceanConnect Sees Flat Conventional Demand But Good Prospects for Alternative Fuels
    Jun 28
    KPI OceanConnect CEO Søren Høll discusses the firm's profits, its attitude to credit allocation and its plans for alternative fuels in an interview with Ship & Bunker.
  3. Dan-Bunkering Earnings Drop to Four-Year Low After Sanctions Fine
    Jun 27
    The company saw pre-tax profits of $13.5 million for the 2021/22 financial year, it said in an emailed statement on Monday, down from $19.5 million the previous year.
  4. Rotterdam Fuel Oil Inflows From Russia Remain Stable: Port Authority
    Jun 24
    The level of fuel oil inflows to Rotterdam from Russia in the first five months of 2022 was roughly stable compared with the same period of 2021.
  5. Crude Oil Prices to Remain in $90-130/bl Band: Kayrros
    Jun 24
    At current crack spreads, a $90-130/bl Brent price band would equate to a global average VLSFO price band of about $916-1217/mt.

Insights & Analysis More

  1. INTERVIEW: 'When It's Quite Windy Out There, Bunker Holding Excels'
    Jun 30
    Bunker Holding CEO Keld Demant discusses the firm's positive outlook for this year in an interview with Ship & Bunker, after reporting the second-best profits in the company's history.
  2. INTERVIEW: KPI OceanConnect Sees Flat Conventional Demand But Good Prospects for Alternative Fuels
    Jun 28
    KPI OceanConnect CEO Søren Høll discusses the firm's profits, its attitude to credit allocation and its plans for alternative fuels in an interview with Ship & Bunker.
  3. VPS: Rising Fuel Quality Issues Linked to Rising Fuel Costs
    Jun 13
    Steve Bee of testing firm VPS sets out the correlation between rising fuel costs and an increase in quality problems.
  4. Recruitment Firm Sees Need for Compromise on Non-Compete Clauses
    Jun 10
    Employers should consider the wider impact on the bunker industry of enforcing increasingly strict contractual clauses, Vernon Jayanathan tells Ship & Bunker.
  5. INTERVIEW: Sing Fuels Eyes Further Acquisitions After Buying Greek Brokerage
    Jun 07
    Sing Fuels CEO Vikash Dhanuka discusses his firm's growth plans after its latest acquisition in an interview with Ship & Bunker.
  6. Multiple Asian Ports at VLSFO Record High on Supply Crunch
    May 31
    Asia-Pacific bunker market sources tell Ship & Bunker there is significant uncertainty over how long the current shortages will last.
  7. Peninsula: Low Viscosity VS Lubricity in Fuel Quality Analysis
    May 27
    Jeroen de Vos, head of quality at Peninsula, discusses the difference between low viscosity and lubricity in marine fuels.
  8. S&B ANALYSIS: Supply Crunch Sends Singapore VLSFO Premium to Rotterdam to Record High
    May 27
    Singapore's bunker supplies are tightening just as demand looks set to improve following the re-opening of Shanghai.
  9. S&B ANALYSIS: Assessing the Impact of the Russia Crisis on Bunker Markets
    May 19
    The Russian invasion of Ukraine is having some surprising impacts on inter-product and inter-port price spreads as well as demand.
  10. WHITEPAPER: Bio-Bunkers the Immediate Solution to the Energy Transition
    May 19
    Bunker blending specialists Eliseo Curcio & Michele Miceli discuss biofuel-VLSFO blend properties.

Decarbonisation and Alternative Marine Fuels & Power More

  1. INTERVIEW: 'When It's Quite Windy Out There, Bunker Holding Excels'
    Jun 30
    Bunker Holding CEO Keld Demant discusses the firm's positive outlook for this year in an interview with Ship & Bunker, after reporting the second-best profits in the company's history.
  2. ABB Develops Japan's First Battery-Powered Tugboat
    Jun 30
    The firm will supply its power system platform to the tugboat Taiga, being developed as a collaboration between Tokyo Kisen and E5 Lab.
  3. Japanese and UAE Firms Demonstrate Ammonia Supply Chain
    Jun 30
    MOL transported an ISO tank container of ammonia from Abu Dhabi to Japan.
  4. Berge Bulk Vessel to Take on Wind Power System
    Jun 29
    Yara Marine Technologies is set to install four BAR Tech WindWings on board Berge Bulk's 210 DWT bulker the Berge Olympus.
  5. New Partnership Launched to Supply Ship-Based Carbon Capture Systems
    Jun 29
    Carbon capture firm Carbotreat and Netherlands-based VDL AEC Maritime have launched a strategic partnership for the supply and development of ship-based carbon capture systems.

Singapore Bunker Contamination More Articles

  1. VPS: Rising Fuel Quality Issues Linked to Rising Fuel Costs
    Jun 13
    Steve Bee of testing firm VPS sets out the correlation between rising fuel costs and an increase in quality problems.
  2. HSFO Surge Sends Panama Bunker Sales to Four-Month High
    May 20
    Panama's HSFO sales reached the highest level since before the IMO 2020 transition last month.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 1018.50 7.00 1353.00 35.00 631.50 1.00
Global 20 Ports Average 1085.50 4.00 1399.50 32.00 700.00 2.50
Global Average Bunker Price 1125.50 14.00 1409.00 17.50 732.50 4.00
Singapore 1117.50 13.00 1298.00 75.00 610.00 2.50
Rotterdam 913.50 19.00 1288.00 26.00 588.50 2.50
Fujairah 1144.50 5.50 1504.00 4.50 641.50 3.00
Houston 899.00 1.50 1323.00 34.00 687.00 2.00
Busan - login to view prices or
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Colombo - login to view prices or
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Durban - login to view prices or
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Gibraltar 974.50 3.50 - 709.00 15.00
Hong Kong 1149.50 15.00 1295.50 24.00 647.50 12.50
Istanbul 1086.00 31.50 1420.50 28.00 792.50 32.00
LA / LB 1167.50 12.50 1327.50 59.00 754.00 26.50
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 952.00 8.50 1440.50 59.00 730.00 6.50
Cristobal, Panama - login to view prices or
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Piraeus 1307.00 14.00 1407.00 1.00 634.00 12.00
Santos 1070.00 22.00 1294.50 1.00 -
Shanghai - login to view prices or
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