World News

Oil Prices Climb Again Despite Saudi Arabia-Induced Crude Build

Analysts think the recovery will continue - as long a second wave of the coronavirus doesn't occur.

10 Jun 2020

VLCC Tanker Speeds Hit Three-Year High Since COVID-19 Oil Shock

Tankers have been one of the few high-performing segments of the shipping industry since the outbreak of COVID-19.

10 Jun 2020

Stena Bulk Announces New Low-Emission Tanker Design

Stena's IMOFlexMax design incorporates duel-fuel engines that can run on LNG as well as conventional bunker fuels.

10 Jun 2020

Shares of Bunker Holding Parent Group Distributed Among Owner's Family

Torben Østergaard-Nielsen will from now on hold just a third of USTC's shares, with his daughters Nina Østergaard Borris and Mia Østergaard Nielsen each holding another third.

10 Jun 2020

Confidence In Demand Resurgence Beats Virus Fears And Causes More Crude Price Gains

Meanwhile, Asian countries are driving a boom in recovery.

9 Jun 2020

Fuel Oil Exports From Fujairah Drop to 18-Month Low

Fuel oil exports from the UAE port dropped to 78,600 b/d in May from 102,000 b/d in April.

9 Jun 2020

Oil Down On OPEC Disappointment But V-Shaped Economic Recovery Offers Bigger Solace

MUFG points to China as a marker for remarkable gains in the second half of 2020.

8 Jun 2020

Several Hundred Ships May Need Engine Upgrades to Cope With VLSFO

Running lower-viscosity fuels constantly may be causing engine problems for some older ships.

8 Jun 2020

Container Ship Suffers Engine Failure in Atlantic

The ship was en route from Algeciras to Elizabeth, New Jersey, and is currently 280 nautical miles from New York using auxiliary power.

8 Jun 2020

CMA CGM: Q1 Bunker Costs Rise 11% on IMO 2020

The French container line spent $100m more than last year.

5 Jun 2020

Supply, Demand of LNG Bunkers Continues to Rise

There are now 185 fuelled ships in operation and a further 231 on order.

5 Jun 2020

US Bunker Demand Drop 'As Much as 30%'

Globally, both larger ports and larger players faring better than their smaller counterparts, says IBIA.

5 Jun 2020

Weekly Vessel Scrapping Report: 2020 Week 22

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from May 28 – June 3, 2020.

4 Jun 2020

Oil Up On OPEC Hopes As Virus Declines and Demand Builds Dominate The Business Landscape

Russia even suggests a crude shortage could occur next month.

4 Jun 2020

Integr8 Notes Bunker Prices Declining Relative to Other Refined Products

While spreads between products may be heading back towards previous levels, the bunker market should not expect outright prices to do the same yet, according to Integr8.

4 Jun 2020

Oil Prices Down But Demand Set To Surge Further As European Countries Lift Travel Restrictions

Meanwhile, OPEC is keen on keeping the lid on U.S. shale output.

3 Jun 2020

FEATURE: Bunker Market Advised to Hedge as Prices Start to Rally

Shipowners may be faced with a rapid jump in their expenses if they have no hedging in place to soften the impact of market volatility.

3 Jun 2020

Brokerage NSI Highlights VLSFO Discounts at Smaller Ports

Lower demand at some smaller ports has prompted them to lower their offers relative to the hubs.

3 Jun 2020

Idle Boxship Capacity Reaches Record High: Alphaliner

The idle fleet reached 551 ships by May 25, covering 2.72 million TEU of capacity.

3 Jun 2020

Qatar Petroleum Bets on LNG Bunkers Lasting to 2060 in Massive Shipbuilding Plan

Qatar Petroleum's new shipbuilding deal could see it using boil-off LNG as bunker fuel as late as 2062.

2 Jun 2020