All News

Delivered VLSFO Margins Easing in Singapore

The premium at Singapore was at $15.11/mt on Friday, Platts reported Monday, down from a nine-week high of $36.08/mt reached on April 30.

11 May 2020

Crude Demand Rebound Unlikely Before Land-Based Storage Fills Up: Ardmore

The company has recently made some bookings paying as much as $72,000/day.

11 May 2020

FEATURE: Large Bunker Sellers Relaxed About Credit Environment

The largest bunker sellers are making adjustments to credit conditions for some customers where necessary, but not drastically reevaluating their risk appetite.

11 May 2020

Oil, Dow, And Other Markets Rally As Back To Work Movement Gains Momentum

But analysts warn that volatility will still reign for the foreseeable future.

8 May 2020

BIMCO Warns of Slow Recovery for Bunker Prices

In a research note published on its website Thursday, the industry body cited the recovery after the 2008 crisis as evidence that prices may not shoot up again rapidly.

8 May 2020

Second Singapore Commodity Firm Has Legal Battle With Lenders: Bloomberg

HSBC claims the firm used the same cargo as collateral to secure credit multiple times

8 May 2020

Third Tanker Company Postpones Scrubber Installations

The move follows announcements by DHT Holdings and Scorpio Tankers on Wednesday that they would postpone five and 19 scrubber installations, respectively.

8 May 2020

Crude Down Minimally As Analysts Agree The Worst Of The Lockdown Induced Demand Collapse Is Over

Meanwhile, China crude imports climb significantly.

7 May 2020

Weekly Vessel Scrapping Report: 2020 Week 18

ave you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 30 – May 6, 2020.

7 May 2020

Boost for Bunker Demand as Tankers Join Boxships in Taking Longer Routes

At least three VLCCs have embarked on journeys from Saudi Arabia to Northwest Europe taking the longer route around Africa rather than going through Suez over the past month.

7 May 2020

Bunker One Expands West Africa Physical Supply Operation

Bunker One launched its West African operation in February, primarily supplying in Lome but also serving ports across the region from Ivory Coast to Gabon.

7 May 2020

Value of Euronav's Remaining VLSFO Stockpile Drops by $56 Million

The company said it would not need to write down the value of the fuel stockpile -- despite a previous warning that it would need to -- because current strength in the tanker market more than offsets its loss.

7 May 2020

Dan-Bunkering Plans to Continue Operating Without CEO

The company's leadership team works with Bunker Holding's commercial management to run the marine fuel supplier, according to a Bunker Holding spokesman.

7 May 2020

Bunker One Adds Barge in Caribbean

The M/T Lillo Swan, seconded from Uni-Tankers, has been stationed by Bunker One in Trinidad.

7 May 2020

Russian Far East Bunker Demand Collapses on Evaporating Price Advantage

Bunker demand in Primorsky Krai is heading for a total of about 1-1.5 million mt this year if current trends continue, down from about 3 million mt/year in previous years.

7 May 2020

Crude Prices Fall Over Stock Buildups, But Optimism Over Economic Recovery Continues

Meanwhile, shale drillers say they might consider easing cutbacks in the near future.

6 May 2020

Scorpio Tankers Postpones 19 Scrubber Installations

The company completed 13 scrubber installations in the first quarter, and has 16 scheduled for the second quarter, seven for the third and none in the fourth quarter.

6 May 2020

Container Line CMA CGM Continues to Waive Low Sulfur Surcharge

The company previously announced in April that it would not be applying the surcharge in May.

6 May 2020

Coronavirus May Accelerate Digitalisation of Bunker Industry: IBIA

Barge and ship crews are finding ways of avoiding exchanging physical documents to avoid spreading the coronavirus.

6 May 2020

Tanker Owner DHT Holdings Postpones Scrubber Installations

The company now has scrubbers fitted to 13 of its VLCCs.

6 May 2020