All News

Chinese Fuel Oil Output Surged in April

Fuel oil output gained 68% on the year to hit 3.09 million mt in April.

25 May 2020

K Line Renews Push for Wind Propulsion in Decarbonisation Efforts

Firm said to be sending a clear message to the industry and policy makers that wind propulsion is a credible, viable and increasingly attractive solution.

25 May 2020

Port of Helsinki Cuts Staff Days to Reduce Costs

All of the port's staff will be temporarily dismissed for 30 days between August and the end of the year, and for another 30 days early next year.

25 May 2020

Fourth Consecutive Weekly Gain For Crude As Analysts Say Markets Finally Gaining Firm Footing

However, Chinese and India demand recovery still poses challenges.

22 May 2020

Bunker One Operated Barge Briefly Detained in Ghana

The Thornton, operated by Bunker One and owned by Union Maritime, was held by the maritime authorities in Ghana early last week.

22 May 2020

Woodside Petroleum to Alter Vincent Crude to Target VLSFO Market

The company plans to shut off the Cimatti field in Western Australia to raise the average flash point of the Vincent blend.

22 May 2020

Rosneft Starts VLSFO Production at Syzran Refinery

Rosneft expanded sales of the product to ports in the Russian Far East, the Black Sea, the Arctic and the Baltic in April.

22 May 2020

Straits Inter Logistics Revenue Almost Triples From Bunker Expansion

Revenue from oil trading and bunkering jumped to 659 million ringgit ($151 million) in 2019, up from 256 million ringgit a year earlier.

22 May 2020

Japan's Defense Ministry Orders Bunker Tankers

The shipyard will build two 4,900 deadweight tonne (DWT) barges for delivery in April and June 2022.

22 May 2020

Classification Societies Clash on 2050 Bunker Demand Outlook

Two leading classification societies have come up with two starkly different visions for how bunker demand might develop in the coming decades.

22 May 2020

Oil's Winning Streak Supported By Inventory Drops But Capped By Economic Concerns

Businesses are worried about a second wave of lockdowns.

21 May 2020

Weekly Vessel Scrapping Report: 2020 Week 20

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from May 15 – May 20, 2020.

21 May 2020

Quarterly Loss, Extended Voyage Suspension for RCL

But management confident of bounce back from covid-19 negatives.

21 May 2020

Sinopec's Chinese Bunker Sales Head for 4.8 Million MT/Year

China has applied a long-awaited rebate on value added tax on fuel oil from February this year, incentivising domestic refiners to produce VLSFO in large quantities.

21 May 2020

Japanese Coalition Forms to Develop Battery-Powered Shipping

The first phase of the project will be to develop the world's first battery-powered tanker, the group said, for launch in March 2022.

21 May 2020

Distillate Demand Down by 7% Over Year: IEA

First quarter snapshot of demand for refined oil products show distillates losing the least.

21 May 2020

Norwegian Shipowners Seek to Halve Greenhouse Gas Emissions by 2030

In a report published this week, the Norwegian Shipowners' Association said its members will aim for a cut of 50% from 2008's levels in their GHG emissions per transport work by 2030, and will have a "climate neutral fleet" by 2050.

21 May 2020

Oil Continues Winning Streak As Demand Recovery Gains Momentum

However, worry persists over the degree to which the lockdowns have wrecked the economy.

20 May 2020

Bunker Jobs: Sales Manager, Team Lead, Singapore

With a privately owned, global organization.

20 May 2020

Covid-19 Takes Chunk out of Global CO2 Output

Pollution reversed by 17% during pandemic crisis, estimates suggest.

20 May 2020