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April, 2020
Date Headline Image
Mon06Apr
Integr8 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.
 Integr8 Recommends HSFO Enquiries Seven Days Ahead of Delivery
Mon06Apr
Coronavirus 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.
 Coronavirus Could Cost Container Lines $23 Billion: Sea-Intelligence
Mon06Apr
Monjasa 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.
 Monjasa Saw 14% Rise in Bunker Sales at Start of IMO 2020
Mon06Apr
OPEC+ Postpones Emergency Meeting to Thursday
The emergency meeting, originally expected to be held over webinar on Monday, has now been postponed to Thursday.
 OPEC+ Postpones Emergency Meeting to Thursday
Mon06Apr
Hambantota Bunkering Relaunches With Arrival of First Marine Fuel Cargo
The tanker Melody arrived at Hambantota on April 2 with its first bunker shipment.
 Hambantota Bunkering Relaunches With Arrival of First Marine Fuel Cargo
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%.
 Bunker Prices Stall as Crude Jumps 50%
Fri03Apr
More Huge Gains For Crude Despite Potential Virus Treatments Meeting Bureaucratic Resistance
Meanwhile, Royal Dutch Shell prepares for a new energy industry landscape.
 More Huge Gains For Crude Despite Potential Virus Treatments Meeting Bureaucratic Resistance
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.
 Port of Singapore Remains Open For Business: MPA
Fri03Apr
Industry Body Sees European Shipping at 'Breaking Point'
"Tthis unprecedented crisis requires unprecedented reactions," the organisation said in a statement on its website.
 Industry Body Sees European Shipping at 'Breaking Point'
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+.
 OPEC+ Group Plans Extraordinary Meeting Next Week After Crude Collapse
Fri03Apr
Wallenius Wilhelmsen Announces Plans to Mitigate Pandemic Disruption
The company has cut spending by $20 million with the cancellation of four scrubber installations.
 Wallenius Wilhelmsen Announces Plans to Mitigate Pandemic Disruption
Fri03Apr
Scorpio Tankers Warns Scrubber Benefits May Not Be Fully Realised
Scorpio has paid about $2.5 million per vessel for its scrubbers.
 Scorpio Tankers Warns Scrubber Benefits May Not Be Fully Realised
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.
 Oil Prices Achieve Historic One Day Recovery, While Surgeon General Says Washington, California, Italy Have "Flattened The Curve"
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.
 IMO 2020 Premium Evaporates, Price Paid for Bunkers in March 20% Lower than in 2019
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.
 Weekly Vessel Scrapping Report: 2020 Week 13
Thu02Apr
CMA CGM Waives Low Sulfur Surcharge on VLSFO Slump
The charge will be waived from May 1.
 CMA CGM Waives Low Sulfur Surcharge on VLSFO Slump
Thu02Apr
US Cryrogenic Firm Lands Marine Fuel Cell Contract
Includes study on hydrogen fuel tanks for ships.
 US Cryrogenic Firm Lands Marine Fuel Cell Contract
Thu02Apr
Ship Detained in Singapore
Oil products tanker held over weekend.
 Ship Detained in Singapore
Thu02Apr
Integr8 Fuels Sees 7% Drop in Bunker Demand
The company said it may be another month before general oil demand starts to recover.
 Integr8 Fuels Sees 7% Drop in Bunker Demand
Thu02Apr
Covid-19 Positive Docker Closes LA Terminal: Report
One terminal closed, another on reduced hours.
 Covid-19 Positive Docker Closes LA Terminal: Report