EMEA News

July, 2020
Date	Headline	Image
Thu02Jul	OPEC Oil Output Dropped to Least Since Gulf War in June OPEC members cut their production by 1.93 million bl/day from the previous month to 22.69 million bl/day in June.
Wed01Jul	UK Coastal Residents Complain of Cruise Pollution Moored ships not helping local air quality, letter to local paper says.
Wed01Jul	Glander International Bunkering Appoints New Managing Director in Norway The company is seeking to expand its Norwegian operations.
Wed01Jul	Bunker Holding's Parent Company Expects Decline in Profits This Year Selfinvest reported a record pre-tax profit of 1 billion Danish krone ($151 million) in the year to April 30.
Wed01Jul	Volkswagen's First LNG-Fuelled Transatlantic Car Shipment to Arrive in Mexico The shipment is the latest evidence of shipping companies' customers showing interest in pushing forward the decarbonisation of seaborne freight.

June, 2020
Date	Headline	Image
Tue30Jun	Testing Lab Sees Large Percentage of Bunker Market Still Using 2005 ISO Specifications The bunker market should not expect to see new ISO specifications before 2022, according to VPS.
Tue30Jun	HSFO Discount to Crude Narrows to Lowest Level of 2020 The Rotterdam HSFO barge discount to Brent crude prices has narrowed to an average of $6.17/bl in June.
Tue30Jun	Wärtsilä to Carry Out First Full-Scale Engine Test of Ammonia Bunkers Ammonia is being proposed as one of the alternative fuels that can help to deliver the International Maritime Organization's plan to halve shipping's greenhouse gas emissions by 2050.
Tue30Jun	Faster Bunkering at Gasum's Stockholm Gas Station Two trucks used to refuel ships working cargo.
Mon29Jun	Norsepower to Supply Rotor Sails to Ro-Ro Cargo Vessel The sails will be able to reduce the ship's fuel consumption by up to 25%.

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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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