News & Features

April, 2020
Date	Headline	Image
Mon06Apr	Bunker Prices Stall as Crude Jumps 50% VLSFO in major ports Friday had a 5% premium over Brent, vs a Q1 2020 average of 35%.
Fri03Apr	More Huge Gains For Crude Despite Potential Virus Treatments Meeting Bureaucratic Resistance Meanwhile, Royal Dutch Shell prepares for a new energy industry landscape.
Fri03Apr	Port of Singapore Remains Open For Business: MPA Singapore's Ministry of Health announced tougher measures aimed at controlling the spread of COVID-19 on Friday.
Fri03Apr	Industry Body Sees European Shipping at 'Breaking Point' "Tthis unprecedented crisis requires unprecedented reactions," the organisation said in a statement on its website.
Fri03Apr	OPEC+ Group Plans Extraordinary Meeting Next Week After Crude Collapse Crude prices have risen sharply since the end of March on renewed hopes of a reconciliation within OPEC+.
Fri03Apr	Wallenius Wilhelmsen Announces Plans to Mitigate Pandemic Disruption The company has cut spending by $20 million with the cancellation of four scrubber installations.
Fri03Apr	Scorpio Tankers Warns Scrubber Benefits May Not Be Fully Realised Scorpio has paid about $2.5 million per vessel for its scrubbers.
Thu02Apr	Oil Prices Achieve Historic One Day Recovery, While Surgeon General Says Washington, California, Italy Have "Flattened The Curve" Meanwhile, "game changing" virus treatment yields promising results.
Thu02Apr	IMO 2020 Premium Evaporates, Price Paid for Bunkers in March 20% Lower than in 2019 Average VLSFO price for Global Top 20 Ports was $351.50/mt in March 2020, vs the March 2019 average IFO380 price of $425/mt.
Thu02Apr	Weekly Vessel Scrapping Report: 2020 Week 13 Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 26 – April 1, 2020.

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07Apr

1Market Outlook and Bunker Buying Strategies for Q2 2020

The most effective way to look at the market currently is to assess the associated risks, writes NSI's Paul Hardy.
06Apr

2Bunker Prices Stall as Crude Jumps 50%

VLSFO in major ports Friday had a 5% premium over Brent, vs a Q1 2020 average of 35%.
01Apr

3FEATURE: Bunker Companies Slash Payment Terms

Credit managers tell Ship & Bunker they have cut terms from 30 days to 15 for some customers, and to cash in advance for others.
03Apr

4Scorpio Tankers Warns Scrubber Benefits May Not Be Fully Realised

Scorpio has paid about $2.5 million per vessel for its scrubbers.
06Apr

5Coronavirus Could Cost Container Lines $23 Billion: Sea-Intelligence

The company warns of a worst-case scenario in which boxship freight rates decline as much as they did in the aftermath of the financial crisis in 2009.
02Apr

6IMO 2020 Premium Evaporates, Price Paid for Bunkers in March 20% Lower than in 2019

Average VLSFO price for Global Top 20 Ports was $351.50/mt in March 2020, vs the March 2019 average IFO380 price of $425/mt.
06Apr

7Hambantota Bunkering Relaunches With Arrival of First Marine Fuel Cargo

The tanker Melody arrived at Hambantota on April 2 with its first bunker shipment.
31Mar

8Singapore: Vitol Acquires Sinanju Tankers Holdings, Establishes Physical Bunker Supply Operation

Sinanju's Singapore Bunkering license holding entity has been renamed Vitol Bunkers (S) Pte Ltd.
06Apr

9Monjasa Saw 14% Rise in Bunker Sales at Start of IMO 2020

Total sales jumped to 1.232 million mt in the three months to March 31.
06Apr

10Integr8 Recommends HSFO Enquiries Seven Days Ahead of Delivery

The company recommends advance warning of seven or more days for a better chance at good availability and competitive pricing.

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