World News

VLSFO Bunker Prices Slide to New Low

Bunker cost in major ports its lowest in over 4 years.

30 Apr 2020

Promising Virus Treatment Trials Cause Big Surge In Crude Prices

Meanwhile, further output cuts are expected from U.S. and Norway.

29 Apr 2020

IBIA, UK Chamber of Shipping Plan Autumn Bunker Event

Conference to take place in London on September 29.

29 Apr 2020

Fujairah Fuel Oil Stocks Drop to Seven-Week Low

Heavy distillate and residue inventories sank by 4% in the week to Monday to 13.063 million barrels.

29 Apr 2020

Container Line OOCL Reports Just 0.4% Slip in Q1 Volumes Despite Pandemic

The company carried a total of 1.598 million TEU in the first quarter of this year, down from 1.606 million TEU in the same period a year earlier.

28 Apr 2020

Spanish Port to Consider LNG Bunkering

Almeria to set up study to look at feasibility of supplying the alternative bunker fuel.

28 Apr 2020

S&B VIEWPOINT: Can Russia Cling on to Its Bunker Market Share in the IMO 2020 Era?

Historically Russian bunker demand has totalled around 10-12 million mt/year.

28 Apr 2020

IMO's Fourth Greenhouse Gas Study is On Schedule Despite Coronavirus

The study is due to be published towards the end of this year.

27 Apr 2020

Rosneft Sold 112,000 MT of VLSFO in First Quarter

The oil company's marine fuels unit, Rosneft Bunker, is now selling low-sulfur fuels in the Black Sea, Arctic and Baltic regions as well as the Russian Far East.

27 Apr 2020

Force Majeure and Bunker Supply Contracts: It's Complicated

Last year the industry was preparing for a $4 billion jump in annual bunker costs. What it got was a 2020 with marine fuel prices at their lowest for several years.

27 Apr 2020

Companies Join Forces to Investigate Ammonia as a Bunker Fuel

The next steps for the group will include "addressing operational hazards and looking more deeply at conceptual designs based on different vessel types," Bureau Veritas said.

24 Apr 2020

New Finnlines Ro-Ro Ships to Use Battery Power at Port

The ships will be built at China Merchants Group's Nanjing Jinling Shipyard, starting in June of this year.

24 Apr 2020

Weekly Vessel Scrapping Report: 2020 Week 16

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 16 – April 22, 2020.

23 Apr 2020

Integr8 to Host Webinar on Tanker Market Boost

The event, being held online at 10 AM London time on May 13, will be titled 'The tanker market: 2020 not what you expected, what's next?"

23 Apr 2020

Oil Rises Again On Talk Of Late 2020 Recovery, Further Output Cuts

Meanwhile, Kuwait gets a head start on production curtailment.

23 Apr 2020

FEATURE: Rotterdam-Singapore Bunker Cargo Trade Collapses on IMO 2020 Changes

The high sulfur fuel oil trade flow from Russia to Western Europe, and then on from the Amsterdam-Rotterdam-Amsterdam hub over to Singapore, used to be one of the mainstays of the bunker market.

23 Apr 2020

Hapag-Lloyd Joins Maersk in Completing IMO 2030 Target a Decade Early

Hapag-Lloyd's specific carbon dioxide emissions have dropped by about 50% since 2008 to 40.22 grams per TEU-kilometre.

22 Apr 2020

Global Oil Storage Capacity Filling up Fast

Much conventional, onshore capacity already accounted for, says Reuters.

22 Apr 2020

Scrubber Retrofits Continue Despite Narrowing Price Advantage

The price spread between HSFO and very low sulfur fuel oil (VLSFO) at Rotterdam narrowed by $8.50/mt to $46.50/mt Tuesday, and has been hovering around record lows for the past week.

22 Apr 2020

S&B VIEWPOINT: Don't Expect to See Negative Bunker Prices Any Time Soon

The bunker supply chain does not have the inventory or supply-chain pressure affecting crude.

22 Apr 2020