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Weekly Vessel Scrapping Report: 2020 Week 11
Weekly Vessel Scrapping Report: 2020 Week 11
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 12 – March 18, 2020.
19 Mar 2020
Bunker Jobs: Bunker Buyer Wanted in Singapore
Bunker Jobs: Bunker Buyer Wanted in Singapore
Ship owner and operator Hafnia has a global presence with offices in Singapore, Copenhagen and Houston.
19 Mar 2020
US Treasury Sanctions Five Companies for Shipping Iranian Refined Products to the UAE
US Treasury Sanctions Five Companies for Shipping Iranian Refined Products to the UAE
The addition of these companies to the OFAC list will cut them off from companies that do business in or with the US.
19 Mar 2020
Chinese Port Imposes 14-Day Quarantine on Ships From Some Virus-hit Countries
Chinese Port Imposes 14-Day Quarantine on Ships From Some Virus-hit Countries
Move could hurt regional trade.
19 Mar 2020
Too Early to see Shape of Covid-19 Bunker Demand
Too Early to see Shape of Covid-19 Bunker Demand
Which ships call for bunkers "is random", market sources say.
19 Mar 2020
DFDS Drops 2020 Outlook on Covid-19 Impact
DFDS Drops 2020 Outlook on Covid-19 Impact
No dividend pay out from April AGM.
19 Mar 2020
Monjasa Appoints New Managing Director in Europe
Monjasa Appoints New Managing Director in Europe
Chief Operating Officer Svend Stenberg Mølholt was previously covering the managing director's responsibilities on an interim basis.
19 Mar 2020
Consultant Sees HSFO Cheaply Available in Fewer Than 20 Ports Worldwide
Consultant Sees HSFO Cheaply Available in Fewer Than 20 Ports Worldwide
The combination of sanctions on Venezuela and Iran with refiners adjusting crude slates towards producing low-sulfur fuels has reduced HSFO supply.
19 Mar 2020
Dan-Bunkering Appoints New Managing Director in Monaco
Dan-Bunkering Appoints New Managing Director in Monaco
Dan-Bunkering currently has four members of staff in its Monaco office, and is looking to expand it.
19 Mar 2020
Integr8 Fuels Sees Average VLSFO Viscosity Dropping Rapidly
Integr8 Fuels Sees Average VLSFO Viscosity Dropping Rapidly
Average VLSFO viscosity dropped from about 160 CST in early November to about 100 CST by March 1.
19 Mar 2020
BIMCO Warns Current Tanker Boom May Not Last as Coronavirus Kills Oil Demand
BIMCO Warns Current Tanker Boom May Not Last as Coronavirus Kills Oil Demand
BIMCO expects annual fleet growth of 1.8% for crude tankers and 2% for refined products this year.
19 Mar 2020
S&B ANALYSIS: Tracking the Coronavirus Pandemic's Impact on Bunker Demand
S&B ANALYSIS: Tracking the Coronavirus Pandemic's Impact on Bunker Demand
Ship & Bunker estimates demand could currently be down by as much as 8% worldwide.
19 Mar 2020
Traders Flee Risky Assets, Cause 18 Year Price Lows For Crude
Traders Flee Risky Assets, Cause 18 Year Price Lows For Crude
Meanwhile, U.S. producers scramble to weather the storm.
18 Mar 2020
Delayed Scrubber Install May be Factor in MSC's HSFO Carriage Ban Violation
Delayed Scrubber Install May be Factor in MSC's HSFO Carriage Ban Violation
MSC Joanna is one of the many vessels that have had EGCS installation dates pushed back.
18 Mar 2020
Petrobras Says Bunker Operations Continue at Brazilian Ports Despite Coronavirus Containment Measures
Petrobras Says Bunker Operations Continue at Brazilian Ports Despite Coronavirus Containment Measures
Stevedores at Port of Santos say they will stop activities for 14 days amid COVID-19 pandemic.
18 Mar 2020
Glencore Charters Giant Euronav Tanker for Six Months as Floating Crude Storage
Glencore Charters Giant Euronav Tanker for Six Months as Floating Crude Storage
Glencore booked the ULCC Europe for six months at $37,000 per day.
18 Mar 2020
IMO Postpones More Meetings on Covid-19 Advance
IMO Postpones More Meetings on Covid-19 Advance
Meetings pushed back until the end of May.
18 Mar 2020
Shipping Groups to Hold Conference Calls to Discuss Pandemic Impact
Shipping Groups to Hold Conference Calls to Discuss Pandemic Impact
The ICS intends to arrange the first in a series of conference calls with other shipping bodies on Thursday.
18 Mar 2020
Unpredictable Bunker Market Leaves Traders at a Loss
Unpredictable Bunker Market Leaves Traders at a Loss
Asked for a single word to describe the market, players called it "uncertain" and "challenging".
18 Mar 2020
Fujairah Fuel Oil Stocks Gain 7% on Week
Fujairah Fuel Oil Stocks Gain 7% on Week
Heavy distillate and residue stocks climbed to 13.166 million barrels in the week to Monday.
18 Mar 2020
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