World News
Deadlock Over Disputed Petrobras Bunkering Resolved
Monday July 29, 2019
A dispute over the bunkering of two Iranian bulk carriers that for weeks have been stuck in the Brazilian port of Paranagua has finally been resolved.
Fuel was reported to have been delivered to Bavand and Portos over the weekend allowing them to leave the port, according to local media reports.
Petrobras said it did not want to supply the vessels for fear it would be in violation of US sanctions against Iran.
"If Petrobras were to supply these vessels, it would be subject to the risk of being included in the same list, which could cause serious damages to the company," it had said in an earlier statement.
The deadlock was broken after a court ordered the supplier to deliver the fuel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 645.00 | 2.00 | 767.50 | 11.50 |
| Rotterdam | 600.00 | 8.00 | 751.50 | 13.00 |
| Houston | 627.50 | 9.00 | 796.00 | 11.50 |
| Fujairah | 649.50 | 0.00 | 889.00 | 0.50 |
| Global 20 Ports Average | 665.00 | 0.50 | 864.00 | 6.50 |
| Global 4 Ports Average | 630.50 | 5.00 | 801.00 | 9.00 |
| Global Average Bunker Price | 722.50 | 2.50 | 922.50 | 3.00 |
Popular Now More
-
Apr 19The firm has chartered the 7,994 DWT barge Margherita to add to the operation, operated by Fratelli Cosulich. -
Apr 18Singapore's authorities are in the process of developing a regulatory framework for a methanol bunkering licence, and plan to call for applications for the licence by the end of this year. -
Apr 19The company is looking for candidates with proven experience in bunker trading and demonstrated leadership experience.