Americas News

July, 2020
Date	Headline	Image
Tue14Jul	Monjasa Expands Bunker Supply Operation in Houston Monjasa has taken on an additional barge in the area on time charter as of this month.
Tue14Jul	New York: Case Against Former Aegean Directors Falls Fraud case focussed on missing $300 million.
Mon13Jul	Covid Hysteria And California Lockdowns Cause More Crude Losses Meanwhile, IMF downgrades Middle East, North Africa growth.
Mon13Jul	Carnival Sells More Ships, Restarts Operations in Germany Accelerating vessel sales and deferring delivery times on newbuilds part of pandemic response.
Fri10Jul	Good Covid News Or Promising IEA Numbers Cause Crude Prices To Rebound Analysts differ on why traders suddenly reversed earlier losses.
Fri10Jul	Petrobras Reaches Record VLSFO Production Rate From Paulinia Refinery VLSFO production from the facility jumped to a record 140,000 m3 in June.
Wed08Jul	Inventory Drawdown Causes Crude to Rise - But Virus Concerns Limit Gains Meanwhile, experts forecast that demand next year will only be at 2017 levels.
Tue07Jul	Covid Infection Headlines Again Scare Traders Despite Strong Demand, Job Figures Meanwhile, more evidence leans towards OPEC easing its oil cuts.
Tue07Jul	Scott Petroleum Hires Commercial Manager in Jamaica Scott Petroleum is the Jamaican representative of fuel supplier Tropic Oil Company.
Fri03Jul	More Gains For Crude As Economic Recovery Excitement Beats Covid Fears Meanwhile, U.S. top doctor warns that social distancing, not lockdowns, will slow the virus's spread.

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06Aug

1BNP Paribas Pulls Trade Financing on Exposure to GP Global, Others: Reports

Is the second major player this week to pull back on its trade financing.
05Aug

2GP Global Appoints 'Chief Restructuring Officer' After Alleged Fraud

GP has also brought in UK-based financial restructuring firm Quantuma to assist with its restructuring.
30Jul

3GP Global Uncovers Employee Fraud in UAE

GP 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.
04Aug

4IMO Releases its Fourth GHG Study: Here Are 4 Key Findings

Domestic shipping emissions drastically underestimated; operational measures should be used to reduce emissions; prepare for regulations "loophole" on methane, Black Carbon to be closed.
03Aug

5KPI OceanConnect: KPI Bridge Oil Completes Merger With OceanConnect Marine

The deal was first announced in February, and has now received regulatory approval.
05Aug

6Bunker Jobs: Oldendorff Seeks Bunker Manager in Hamburg

The company is seeking candidates with 1-4 years of experience in a similar role.
04Aug

7Scrubber Manufacturer Yara Shifts Focus After Tech's Business Case "Substantially Weakened" by COVID-19, Oil Price Drop

"We had high hopes for the scrubber market in 2020, but Covid-19 changed all that," says Yara's Shyam Thapa.
05Aug

8IMO Warns of 'Devastating Consequences' of Beirut Port Explosion

The explosion destroyed most of Beirut's port facilities as well as causing widespread destruction around the city and killing at least 100 people.
05Aug

9Fuel Demand Drives Evolution in Lubricant Testing

Lubricant additive packages may be the key to solving some of the problems associated with VLSFO, according to Lubrizol.
30Jul

10Weekly Vessel Scrapping Report: 2020 Week 30

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from July 23 – July 29, 2020.

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