All News

Singapore VLSFO Price Jumps to 10-Week High

The price advanced by $25.50/mt in May, its first monthly gain since December, with early signs of shipping activity increasing again as COVID-19 lockdown measures are eased.

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

Monjasa Hands Over Operation of Skaw Oil Terminal to Unioil

As of June 1 Monjasa accepted "an attractive offer" from Unioil to operate the facility.

1 Jun 2020

Canadian Fuel Supplier CANDEN Marine Fuel Services Joins Glander

CANDEN will join the company as Glander International Bunkering (Montreal) Ltd, the ninth office in Glander's global network.

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

Singapore's First LNG Bunker Barge Launches in China

Construction of the ship is due to be completed in the fourth quarter of this year.

1 Jun 2020

Russian Oil Company Tatneft Launches VLSFO Production

Tatneft can produce up to 750,000 mt/year of the product from its complex.

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

Indian Bunker Suppliers Lower Prices to Take On Sri Lanka

Over the past two weeks the discount for very low sulfur fuel oil at Mumbai to Colombo's levels has widened by $21/mt, reaching $42/mt on Thursday, according to Ship & Bunker pricing.

29 May 2020

Viking Line to Start Resuming Passenger Services From Next Week

The company plans to restart operations at a 'cautious' pace.

29 May 2020

Shanghai Exchange to Test VLSFO Futures Trading Next Month

The contract will be for 10 mt lots with physical settlement, denominated in RMB.

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

Oil Rises, But Wreckage Caused By Government-Imposed Lockdowns Still A Major Hurdle

Chevron, other firms announce more layoffs.

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