Asia/Pacific News

July, 2020
Date	Headline	Image
Thu16Jul	Japanese Group Proposes Turning Steel Production Emissions Into Bunkers The plan could be a significant milestone in the development of alternative fuel supply chains for the shipping industry.
Wed15Jul	Fratelli Cosulich Buys Former Ocean Tankers Barge to Add to Singapore Fleet The ship will be the seventh in the company's fleet in Singapore.
Wed15Jul	"Elevated" Water Levels in Hong Kong Bunkers And variances of up to 4% from the density noted on the bunker delivery note.
Tue14Jul	Singapore Delivered VLSFO Margins Near Record Lows The coronavirus effect appears to be catching up with Singapore's bunker market.
Tue14Jul	Ocean Tankers' Temp Managers Release Prelim Findings on Debt Full hearing set for end of month in Singapore
Tue14Jul	Singapore Residue Stocks Jump to Three-Year High The stocks rose by 6.1% in the week to July 8 to reach 26.666 million barrels.
Tue14Jul	China Launches Study Into Methanol as a Marine Fuel The study is sponsored by methanol producers Methanex and Shanghai Huayi Energy Chemical Co.
Mon13Jul	Singapore Bunker Demand Slips for Second Month Bunker demand in Singapore has seen a small decline for the second month in a row.
Thu09Jul	Derivatives Firm Hires Fuel oil Broker FIS adds to Singapore team.
Wed08Jul	Dan-Bunkering Hires Trader in Singapore Juwita Setiawan has joined the firm's Singapore office.

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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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