All News

Saudi Arabia Cuts Official Crude Prices to Four-Month Low

The move is a sign of continued weakness in crude markets despite producer coalition OPEC easing its production cuts from the start of August.

7 Sep 2020

Singapore Corruption Watchdog Charges Former Fratelli Cosulich Manager

The CPIB charged Wan Wei Hong, formerly a technical manager at Fratelli Cosulich Bunkers, with receiving payments between 2017 and 2019 to advance contractors' business interests.

7 Sep 2020

Mitsubishi 2020 Scrubber Installations Reach 22 Ships

The company has installed the systems on board five 20,000 TEU container ships, eight 14,000 TEU container ships, five container ships of 10,000 TEU or less, two oil tankers and two LPG carriers.

7 Sep 2020

Fire Extinguished on VLCC off Sri Lanka

A fire broke out on board the New Diamond on September 3 as it was carrying 270,000 mt of crude from Kuwait to Paradip.

7 Sep 2020

Oils Drops Over 3 Percent As Traders Express Concern Over U.S. Economic Figures

But Goldman still sees a robust 2021 recovery for crude.

4 Sep 2020

Scrubber Repairs Needed Just Six Months After Installation in Some Cases

The number of scrubber-equipped ships needing repairs to their washwater pipes appears to be increasing.

4 Sep 2020

Mining Giant BHP Charters Five LNG-Fuelled Bulkers From Eastern Pacific Shipping

The 209,000 DWT ships are scheduled to be delivered throughout 2022.

4 Sep 2020

NORbunker Founder Increases Ownership After Hamburg Energy Trading Quits Bunkering

The purchase became effective at the end of July.

4 Sep 2020

No Oil Spill Reported Yet From VLCC on Fire Off Sri Lanka

A crack of about two metres has been observed near the port aft about ten metres above the waterline.

4 Sep 2020

Fujairah Bunker Demand Dropped to 400,000 MT in June

Sales at the UAE port halved between January and June, but rallied strongly in July, according to Glander International Bunkering.

4 Sep 2020

Encouraging Jobless Claims Fail To Please Traders, Crude Prices Dip Again

Meanwhile, Kemp worries that OPEC's commitment to cutbacks is wavering.

3 Sep 2020

Weekly Vessel Scrapping Report: 2020 Week 35

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from August 27 – September 2, 2020.

3 Sep 2020

Danish Authorities Fine Two Deloitte Auditors Over OW Bunker Accounts

The Board of Auditors has fined the two Deloitte employees 100,000 Danish kroner ($16,000) each.

3 Sep 2020

Hin Leong Founder's Family May Be Allowed to Keep $75 Million in Assets

The family may be allowed to retain 5% of their assets, estimated at up to $1.5 billion.

3 Sep 2020

Proposed IMO Ban Would Still Allow 84% of Fuel Oil Use in Arctic to Continue: NGO

If adopted, the proposed ban would come into force in July 2024.

3 Sep 2020

GP Global Denies Closing All Desks as Restructuring Continues

All staff have been paid in full this month, according to a company source.

3 Sep 2020

Fire Reported on VLCC Off Sri Lanka

The New Diamond is on fire on its way carrying a crude cargo from Kuwait to Paradip.

3 Sep 2020

Cargill Invests in Maersk Tankers Fuel Efficiency Spin-Off ZeroNorth

The collaboration with Cargill takes the number of vessels using ZeroNorth's Optimise software to almost 1,000.

3 Sep 2020

Fujairah Fuel Oil Stocks Drop to Four-Month Low on Improved Bunker Demand

Heavy distillate and residue stockpiles at the port sank by 14% to 13.318 million barrels in the week to Monday.

3 Sep 2020

Japanese Consortium Seeks to Trial Hydrogen-Powered Ferry by 2024

The companies plan to start a feasibility study for the vessel and its hydrogen supply from this month.

3 Sep 2020