World News

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

Integr8 to Host Webinar on VLSFO Procurement and Storage

The event, being held online at 10 AM London time on June 18, will be titled 'Bunkers in the current shipping market: Shipping dynamics and its impact on the bunker space'.

2 Jun 2020

Sovcomflot Sees Northern Sea Route Open Two Months Early

Sovcomflot's LNG carrier the Christophe de Margerie was able to complete its passage through the route by the end of May this year, when ice conditions normally prevent passages by vessels of its size before July.

2 Jun 2020

Crude Stable As Optimism Builds Over OPEC Output Compromise

Meanwhile, demand recovery is exemplified by tanker lineup in Chinese waters.

1 Jun 2020

Bunker Holding's Zederkof Warns of Coronavirus Impact on Bunker Credit

"The corona crisis impact has yet to see its full power."

1 Jun 2020

GP Global Adds Traders in UAE and Singapore

GP Global launched a new bunker supply operation in Jebel Ali earlier this year. The company had also applied for a bunker supply licence in Singapore, but it was not awarded one alongside Minerva Bunkering and TFG Marine in April.

1 Jun 2020

Record Monthly Gains For Crude As Demand Continues To Grow Worldwide

But analysts warn that demand recovery will still be long and painful.

29 May 2020

Less Advance Warning Needed for Spot Bunker Sales as VLSFO Availability Improves: Integr8

Integr8 is now allowing a lead time of around 8.5 days on average for VLSFO stems, down from 10 days at the start of the year but still much higher than the 5-6 days needed for high sulfur fuel oil (HSFO) in the past.

29 May 2020

Star Bulk Sees Gains From Scrubber Spread Hedging

One of the bigger scrubber advocates prior to 2020 has managed to avoid much of the financial impact of narrowing fuel price spreads this year through hedging.

29 May 2020

Former Euronav CEO Paddy Rodgers Joins V.Group Board

Rodgers has been appointed as a non-executive director.

29 May 2020

Weekly Vessel Scrapping Report: 2020 Week 21

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from May 21 – May 27, 2020.

28 May 2020

New Bunker Supplier TFG Marine Made Estimated $4 Million Profit in Q1

The IMO 2020 transition appears to have led to early profits for the newly-formed company.

28 May 2020

Additive Company Lubrizol Joins Getting to Zero Coalition

The company will aim to address how lubricants may need to change as the shipping industry shifts to lower-carbon fuels.

28 May 2020

Oil Down on Geopolitical Tension But Recovery From Virus Lockdowns Still Strong

Meanwhile, Morgan Stanley raises its Brent forecast.

27 May 2020

VPS Reports Sharp Decline in Non-Compliant VLSFO Samples

In March and April this year, just 1.1% of the VLSFO samples tested by VPS had sulfur content above 0.50%.

27 May 2020

Shipping Company Golden Ocean Completes Scrubber Installation Programme

The company now has 23 Capesize vessels with scrubbers installed.

27 May 2020

Surging Demand, Economic Rebound Sends Crude Prices Up Yet Again

Meanwhile, IEA predicts crude demand won't peak until 2030.

26 May 2020

IBIA Seeks to Develop Bunker Licensing Scheme at Ports Worldwide

The ports of Amsterdam, Rotterdam and Antwerp plan to introduce such a scheme by the start of 2022, following the example set by the Maritime and Port Authority (MPA) in Singapore.

26 May 2020

ABS Survey Respondents See Hydrogen and Ammonia as Best Long-Term Bunker Options

In a recent survey the organisation found 60% of respondents saw ammonia and hydrogen as the most attractive fuel options for the long term.

26 May 2020

Oil On Track For Best Month Ever As More Criticism Heaped On Economy-Killing Virus Lockdowns

Meanwhile, India plans to store cheap oil in the U.S.

25 May 2020