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Stolt-Nielsen to Cancel Scrubber Installations Where Possible
Stolt-Nielsen to Cancel Scrubber Installations Where Possible
The company has identified about $30 million of capital expenditure that can be cut in its tankers division, where scrubber installations have been the main capital cost.
20 Apr 2020
Scrubber Economics Under Pressure as Rotterdam HSFO Discount Narrows Below Key $50/MT Barrier
Scrubber Economics Under Pressure as Rotterdam HSFO Discount Narrows Below Key $50/MT Barrier
The HSFO-VLSFO spread at Rotterdam narrowed to a record low of $34/mt on Wednesday, around a tenth of its level at the end of 2019.
20 Apr 2020
Singapore: Hin Leong Financial Troubles Detailed in Court Filing
Singapore: Hin Leong Financial Troubles Detailed in Court Filing
Much of the inventory used as collateral for its lenders has been sold off, and company founder OK Lim hid $800 million in futures losses, his son alleges.
20 Apr 2020
VLSFO Price Hits New Low, Bunker Costs Lowest Since 2016
VLSFO Price Hits New Low, Bunker Costs Lowest Since 2016
Ship & Bunker's Global 4 Ports index indicated the average VLSFO price in the major bunkering hubs Thursday fell to $235.50/mt.
20 Apr 2020
Oil Down But Cautious Optimism Builds As Virus Restrictions Ease
Oil Down But Cautious Optimism Builds As Virus Restrictions Ease
However, resistance to life returning to normal continues.
17 Apr 2020
Freight Forwarders Warn BAFs May Be Being Used to Claw Back Revenues Lost to COVID-19
Freight Forwarders Warn BAFs May Be Being Used to Claw Back Revenues Lost to COVID-19
Average very low sulfur fuel oil prices have dropped by $209.50/mt since the end of February as crude prices collapsed in the face of global supply not being cut fast enough to keep up with evaporating demand.
17 Apr 2020
IMO Secretary General to Consider How to Hold Digital-Only Meetings
IMO Secretary General to Consider How to Hold Digital-Only Meetings
Several meetings scheduled to be held at the IMO's London headquarters over the past month have been postponed.
17 Apr 2020
Bulk Carrier Starts Biofuel Trial at Port of Rotterdam
Bulk Carrier Starts Biofuel Trial at Port of Rotterdam
Fuel producer GoodFuels bunkered the dry bulk carrier M/V Trudy with its 'Bio-fuel oil MR1-100' product at Rotterdam on Friday.
17 Apr 2020
IMO Expects No Delay to 2023 GHG Strategy Review
IMO Expects No Delay to 2023 GHG Strategy Review
"The decisions on the levels of the GHG strategy have already been made."
17 Apr 2020
ABS Forecasts Oil-Based Bunkers Taking Up to 40% Market Share in 2050
ABS Forecasts Oil-Based Bunkers Taking Up to 40% Market Share in 2050
On Thursday the organisation published a report titled "Setting the Course to Low Carbon Shipping" setting out its analysis of the decarbonisation agenda for shipping.
17 Apr 2020
Trident Alliance Warns Shipowners Against FONAR Use Where MGO is Available
Trident Alliance Warns Shipowners Against FONAR Use Where MGO is Available
Some FONARs filed so far this year explicitly mention non-availability of both 0.50%S and 0.10%S fuels. Others are more vague.
17 Apr 2020
Oil Steady Despite Bleak OPEC Demand Forecast and As Trump Unveils Back To Work Plans
Oil Steady Despite Bleak OPEC Demand Forecast and As Trump Unveils Back To Work Plans
Meanwhile, the Dow shoots up over promising coronavirus treatment news.
16 Apr 2020
Weekly Vessel Scrapping Report: 2020 Week 15
Weekly Vessel Scrapping Report: 2020 Week 15
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 9 – April 15, 2020.
16 Apr 2020
LQM to Host Webinar on COVID-19 Effect on Bunker Market Volatility
LQM to Host Webinar on COVID-19 Effect on Bunker Market Volatility
The 1.5 hour webinar will be titled "2020: IMO, COVID-19 & Principles of Risk Management" and will be held on May 12 at 2:30 PM London time.
16 Apr 2020
Ocean Bunkering to Halt Singapore Bunker Supply: Reuters
Ocean Bunkering to Halt Singapore Bunker Supply: Reuters
The company has told some customers it will suspend marine fuel deliveries from as soon as Friday, according to Reuters.
16 Apr 2020
Port of Rotterdam Throughput Loses 9.3% in First Quarter
Port of Rotterdam Throughput Loses 9.3% in First Quarter
Total throughput lost 9.3% from the same quarter of 2019 to 112.4 million mt.
16 Apr 2020
Monjasa Sets Out Top Supply Ports for 2019
Monjasa Sets Out Top Supply Ports for 2019
The company made sales at 692 different ports in 2019, up from 601 the previous year.
16 Apr 2020
MSC Confirms Easter Outage Was Caused By Cyberattack
MSC Confirms Easter Outage Was Caused By Cyberattack
MSC is now reviewing its internal IT systems "both from a software and an infrastructure perspective" to prevent future attacks.
16 Apr 2020
Crude Prices Mixed on Inventory Build as Czech, Denmark, and Other Countries Reopen Their Economies
Crude Prices Mixed on Inventory Build as Czech, Denmark, and Other Countries Reopen Their Economies
Meanwhile, the IEA says April will be remembered as "Black April" for the oil industry.
15 Apr 2020
Singapore's Ocean Bunkering Still Operating Amid Hin Leong Uncertainty: Sources
Singapore's Ocean Bunkering Still Operating Amid Hin Leong Uncertainty: Sources
Three bunker industry sources familiar with the Singapore market told Ship & Bunker that Ocean Bunkering's operations appeared to be continuing this week.
15 Apr 2020
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