All News

Vaccine Optimism Causes Weekly Gains For Oil, While Analysts Predict 2021 Prices In The $50s

Meanwhile, Saudis and Russia compete for China market.

20 Nov 2020

Environmentalists Criticise Loopholes in IMO Arctic Fuel Oil Ban

The IMO MEPC approved a ban on the use of heavy fuel oil in the Arctic after July 1, 2024 at this week's virtual meeting.

20 Nov 2020

Greece's Finecor Expands Physical Supply Footprint to Thessaloniki

As of November 12 the company has obtained a licence to load bunker products from the Hellenic Petroleum refinery in Thessaloniki.

20 Nov 2020

Singapore Bunker Claim Case Challenges Risk Exposure of Traders, Physicals in Supply Chain

"What are the implications if a buyer with a contract with a trader is able to claim from a supplier who made the physical delivery, but does not have a direct contractual relationship with said buyer?"

20 Nov 2020

TFG Marine Posts First Loss of 2020

Shipping company Golden Ocean's earnings release appears to show a loss for new bunker supplier TFG Marine.

20 Nov 2020

LNG Bunker Supply Comes to Port of Almeria

Balearia's ferry the Bahama Mama was bunkered at the port on Wednesday,

20 Nov 2020

Petredec Orders Three More LPG-Powered Gas Carriers

Petredec has ordered three 93,000 m3 LPG carriers capable of running on LPG, to be built at the Jiangnan Shipyard in China.

20 Nov 2020

Spain's Endesa to Develop LNG Bunkering Infrastructure at Algeciras

The company plans to invest €30 million ($35.6 million) to bring LNG bunkering to its Los Barrios terminal at the port by the end of 2023.

20 Nov 2020

Oil Down On Infection Concerns, But Fundamentals Are Improving

Kemp predicts a cyclical upswing for crude in 2021.

19 Nov 2020

Maersk: No Big Role for LNG Bunkers as Transitional Fuel

"We would rather go from what we do today straight to a CO2-neutral type of fuel," says CEO Skou.

19 Nov 2020

Singapore: Contactless Bunker Sample Deposit Project Among Recipients of S$1.625m MPA Funding

Goals include boosting competitiveness and resilience in a post-COVID new normal.

19 Nov 2020

Weekly Vessel Scrapping Report: 2020 Week 46

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 12 – November 18, 2020.

19 Nov 2020

FEATURE: Could a Clearing House for Bunker Trades Solve the Industry's Credit Problems?

NSI's Paul Hardy argues the establishment of a bunker clearing house could improve the industry's relationship with the banks.

19 Nov 2020

AIDA Cruises Seeks Carbon-Neutral Ship by 2030

The company plans to start testing battery power and fuel cells on board one of its ships next year.

19 Nov 2020

Singapore May be Delivery Point for China VLSFO Futures Contract

The move could grant the futures greater influence over bunker pricing worldwide.

19 Nov 2020

Oil Up On Improved Vaccine Performance, OPEC Maintaining Cutbacks

OPEC's compliance could see massive reductions in overhead.

18 Nov 2020

Bunker Trader CEO Sees New Maritime Lending Come With Strings Attached

The Poseidon Principles are helping to bring forward questions about the decarbonisation agenda into current discussions with potential lenders.

18 Nov 2020

Container Giant Maersk Saw 6.5% Drop in Bunker Consumption in Third Quarter

The company consumed a total of 2.621 million mt of bunkers in the third quarter.

18 Nov 2020

Alfa Laval Launches New Product Targeting Methane Slip From Gas-Powered Ships

The company's new PureCool solution recirculates exhaust gas at low pressure to reduce methane slip.

18 Nov 2020

Danish Prosecutors Seek Prison Sentence for Bunker Holding CEO

The prosecution in the case believes the Bunker Holding CEO knew or should have known about some of the jet fuel trades at the heart of the case.

18 Nov 2020