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More Crude Gains As Media Begins To Focus On Economic Rebuilding, Virus Treatments
More Crude Gains As Media Begins To Focus On Economic Rebuilding, Virus Treatments
However, oil experts maintain their gloomy outlook.
24 Mar 2020
Containerships Completed Scrubber Retrofits by Mid-February
Containerships Completed Scrubber Retrofits by Mid-February
The remaining 58 vessels in its fleet have switched to low-sulfur fuels to comply with IMO 2020.
24 Mar 2020
INTERVIEW: Robin Meech Talks Bunker Demand Outlook to 2030
INTERVIEW: Robin Meech Talks Bunker Demand Outlook to 2030
Bunker industry veteran and former IBIA chairman sees demand returning to 2019 levels in 2024.
24 Mar 2020
Relief for Crude Prices On Monday, But Experts Dismiss It As Temporary
Relief for Crude Prices On Monday, But Experts Dismiss It As Temporary
However, further U.S. government stimulus could support prices.
23 Mar 2020
Hapag-Lloyd Saw 0.6% Slip in Bunker Consumption in 2019
Hapag-Lloyd Saw 0.6% Slip in Bunker Consumption in 2019
High sulfur fuel oil consumption dropped by 4.8% to 3.658 million mt, while low sulfur bunker consumption surged by 27.7% to 718,066 mt.
23 Mar 2020
Panama Bunker Sales Gain 18.5% on Year in February
Panama Bunker Sales Gain 18.5% on Year in February
Total sales jumped by 18.5% from a year earlier to 436,066 mt last month.
23 Mar 2020
FEATURE: IMO Reports Show Sharp Drop in VLSFO Shortages
FEATURE: IMO Reports Show Sharp Drop in VLSFO Shortages
Just six FONARs were filed to the IMO in February, down from 41 in January.
23 Mar 2020
Maersk Suspends 2020 Earnings Guidance on Coronavirus Pandemic
Maersk Suspends 2020 Earnings Guidance on Coronavirus Pandemic
The company is due to publish first-quarter results on May 13.
20 Mar 2020
Surprise Record Gains For Crude, But Analysts Think Oil May Have to Plummet To The Teens Anyway
Surprise Record Gains For Crude, But Analysts Think Oil May Have to Plummet To The Teens Anyway
Meanwhile, Kemp calls for leadership in resolving the Saudi/Russian dispute.
19 Mar 2020
Weekly Vessel Scrapping Report: 2020 Week 11
Weekly Vessel Scrapping Report: 2020 Week 11
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 12 – March 18, 2020.
19 Mar 2020
Consultant Sees HSFO Cheaply Available in Fewer Than 20 Ports Worldwide
Consultant Sees HSFO Cheaply Available in Fewer Than 20 Ports Worldwide
The combination of sanctions on Venezuela and Iran with refiners adjusting crude slates towards producing low-sulfur fuels has reduced HSFO supply.
19 Mar 2020
Integr8 Fuels Sees Average VLSFO Viscosity Dropping Rapidly
Integr8 Fuels Sees Average VLSFO Viscosity Dropping Rapidly
Average VLSFO viscosity dropped from about 160 CST in early November to about 100 CST by March 1.
19 Mar 2020
BIMCO Warns Current Tanker Boom May Not Last as Coronavirus Kills Oil Demand
BIMCO Warns Current Tanker Boom May Not Last as Coronavirus Kills Oil Demand
BIMCO expects annual fleet growth of 1.8% for crude tankers and 2% for refined products this year.
19 Mar 2020
S&B ANALYSIS: Tracking the Coronavirus Pandemic's Impact on Bunker Demand
S&B ANALYSIS: Tracking the Coronavirus Pandemic's Impact on Bunker Demand
Ship & Bunker estimates demand could currently be down by as much as 8% worldwide.
19 Mar 2020
Traders Flee Risky Assets, Cause 18 Year Price Lows For Crude
Traders Flee Risky Assets, Cause 18 Year Price Lows For Crude
Meanwhile, U.S. producers scramble to weather the storm.
18 Mar 2020
Delayed Scrubber Install May be Factor in MSC's HSFO Carriage Ban Violation
Delayed Scrubber Install May be Factor in MSC's HSFO Carriage Ban Violation
MSC Joanna is one of the many vessels that have had EGCS installation dates pushed back.
18 Mar 2020
Glencore Charters Giant Euronav Tanker for Six Months as Floating Crude Storage
Glencore Charters Giant Euronav Tanker for Six Months as Floating Crude Storage
Glencore booked the ULCC Europe for six months at $37,000 per day.
18 Mar 2020
Shipping Groups to Hold Conference Calls to Discuss Pandemic Impact
Shipping Groups to Hold Conference Calls to Discuss Pandemic Impact
The ICS intends to arrange the first in a series of conference calls with other shipping bodies on Thursday.
18 Mar 2020
Virus Outbreak Sees Scrubber Yard Delays Extending Beyond 3 Months
Virus Outbreak Sees Scrubber Yard Delays Extending Beyond 3 Months
As of March 17, some 17 container ships had been waiting at yards to have the emissions-cleaning equipment fitted for more than three months.
18 Mar 2020
VPS: Marine Fuel Quality Update
VPS: Marine Fuel Quality Update
So far VPS have issued 15 Bunker Alerts in 2020, compared with only 3 Bunker Alerts over the same period of time in 2019.
18 Mar 2020
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