All News

Force Majeure and Bunker Supply Contracts: It's Complicated

Last year the industry was preparing for a $4 billion jump in annual bunker costs. What it got was a 2020 with marine fuel prices at their lowest for several years.

27 Apr 2020

Oil Posts More Modest Gains As Focus On Reopening Economy Increases

Meanwhile, Russia keeps its April output flat.

24 Apr 2020

European Bunker Premiums Narrow as Storage Runs Low

A sharp contango has formed in oil prices across the barrel since last month's crude collapse, leading to refined products storage around the world running out.

24 Apr 2020

Companies Join Forces to Investigate Ammonia as a Bunker Fuel

The next steps for the group will include "addressing operational hazards and looking more deeply at conceptual designs based on different vessel types," Bureau Veritas said.

24 Apr 2020

Singapore Commodity Firms Assert Their Stability Amid Hin Leong Fallout

ZenRock Commidities and Winson Group both published statements Thursday saying their financial positions were sound and they do not have any open-account dealings with Hin Leong.

24 Apr 2020

New Finnlines Ro-Ro Ships to Use Battery Power at Port

The ships will be built at China Merchants Group's Nanjing Jinling Shipyard, starting in June of this year.

24 Apr 2020

S&B ANALYSIS: Zhoushan's VLSFO Discount Could Win it Market Share From Singapore

VLSFO prices at Zhoushan dropped to a record discount to Singapore's levels of $31.50/mt on Monday.

24 Apr 2020

Weekly Vessel Scrapping Report: 2020 Week 16

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 16 – April 22, 2020.

23 Apr 2020

Bunker Jobs: Junior Bunker Trader, Connecticut

Fluent English speaking and writing, Spanish and any other language is an advantage.

23 Apr 2020

Integr8 to Host Webinar on Tanker Market Boost

The event, being held online at 10 AM London time on May 13, will be titled 'The tanker market: 2020 not what you expected, what's next?"

23 Apr 2020

Oil Rises Again On Talk Of Late 2020 Recovery, Further Output Cuts

Meanwhile, Kuwait gets a head start on production curtailment.

23 Apr 2020

Sembcorp Drops Storage Contract With Hin Leong

Gasoil reserves worth around $66 million.

23 Apr 2020

New Digital Study Puts Japan Under Spotlight

Report develops 2019's Trade 2.0 report on maritime start ups.

23 Apr 2020

DFDS Tightens Belt Amid Weaker Demand

Twelve ferries in lay up as pandemic movement restrictions reduce demand.

23 Apr 2020

Sinopec May Buy Hin Leong's Stake in Singapore's Universal Terminal

Hin Leong owns 41% of the terminal, with the rest held by PetroChina and Australian investment bank Macquarie.

23 Apr 2020

FEATURE: Rotterdam-Singapore Bunker Cargo Trade Collapses on IMO 2020 Changes

The high sulfur fuel oil trade flow from Russia to Western Europe, and then on from the Amsterdam-Rotterdam-Amsterdam hub over to Singapore, used to be one of the mainstays of the bunker market.

23 Apr 2020

Oil Claws Back Losses As More Optimism Builds About A Post-Pandemic World

Meanwhile, Kramer says it's a mistake "to read too much negativity into this stuff."

22 Apr 2020

PwC to Take Over Hin Leong Management: Bloomberg

The accounting firm will help oversee the company's finances and negotiate with creditors.

22 Apr 2020

Hapag-Lloyd Joins Maersk in Completing IMO 2030 Target a Decade Early

Hapag-Lloyd's specific carbon dioxide emissions have dropped by about 50% since 2008 to 40.22 grams per TEU-kilometre.

22 Apr 2020

Global Oil Storage Capacity Filling up Fast

Much conventional, onshore capacity already accounted for, says Reuters.

22 Apr 2020