World News
IBIA Calls for Greater Protection of Seafarers After Peninsula Tanker Incident
The International Bunker Industry Association (IBIA) has called for greater protection of seafarers following recent attacks on commercial shipping following an incident yesterday involving a Peninsula bunkering tanker.
"Recent incidents affecting commercial shipping, including within our own bunkering community in
the last 24 hours, have resulted in the tragic loss of seafarers' lives and left others injured or
missing," IBIA said in an emailed statement on Thursday.
The association said the incidents were a reminder that seafarers continue to bear the human cost of geopolitical conflicts.
“Seafarers are civilians carrying out an essential service to the global economy and should never become victims of violence,” IBIA said.
"IBIA strongly condemns attacks against commercial shipping and stands with the International Maritime Organization (IMO) and the wider maritime community in calling for greater protection of seafarers and an immediate end to attacks on merchant vessels."
The association also called on governments and the international community to take decisive action to prevent further loss of life, protect freedom of navigation, safeguard global trade and uphold international law.
“Too often, seafarers become the forgotten victims of geopolitical conflicts in which they play no part,” Alexander Prokopakis, Executive Director of IBIA, said.
“I fully agree with IMO Secretary-General Arsenio Dominguez that attacks on innocent seafarers and civilian shipping are totally unacceptable.
“The men and women serving at sea are not involved in these disputes.
“They are delivering energy, food and essential goods that keep economies and societies functioning.”
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 865.50 | 8.50 | 1289.50 | 14.50 |
| Rotterdam | 686.50 | 12.00 | 1390.00 | 40.00 |
| Houston | 740.50 | 7.50 | 1388.00 | 1.50 |
| Fujairah | 963.50 | 12.50 | 1666.50 | 19.50 |
| Global 20 Ports Average | 876.00 | 6.00 | 1520.50 | 13.50 |
| Global 4 Ports Average | 814.00 | 10.00 | 1433.50 | 18.00 |
| Global Average Bunker Price | 935.00 | 3.00 | 1594.00 | 14.00 |
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Earlier this year there were concerns over a bunker supply squeeze as a result of Hormuz disruption. With no off-ramp in sight and conflict spreading across the Middle East, should buyers and suppliers be worried again?
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