All News

GP Global Adds Traders in UAE and Singapore

GP Global launched a new bunker supply operation in Jebel Ali earlier this year. The company had also applied for a bunker supply licence in Singapore, but it was not awarded one alongside Minerva Bunkering and TFG Marine in April.

1 Jun 2020

Singapore's First LNG Bunker Barge Launches in China

Construction of the ship is due to be completed in the fourth quarter of this year.

1 Jun 2020

Russian Oil Company Tatneft Launches VLSFO Production

Tatneft can produce up to 750,000 mt/year of the product from its complex.

1 Jun 2020

Record Monthly Gains For Crude As Demand Continues To Grow Worldwide

But analysts warn that demand recovery will still be long and painful.

29 May 2020

Less Advance Warning Needed for Spot Bunker Sales as VLSFO Availability Improves: Integr8

Integr8 is now allowing a lead time of around 8.5 days on average for VLSFO stems, down from 10 days at the start of the year but still much higher than the 5-6 days needed for high sulfur fuel oil (HSFO) in the past.

29 May 2020

Star Bulk Sees Gains From Scrubber Spread Hedging

One of the bigger scrubber advocates prior to 2020 has managed to avoid much of the financial impact of narrowing fuel price spreads this year through hedging.

29 May 2020

Former Euronav CEO Paddy Rodgers Joins V.Group Board

Rodgers has been appointed as a non-executive director.

29 May 2020

Indian Bunker Suppliers Lower Prices to Take On Sri Lanka

Over the past two weeks the discount for very low sulfur fuel oil at Mumbai to Colombo's levels has widened by $21/mt, reaching $42/mt on Thursday, according to Ship & Bunker pricing.

29 May 2020

Viking Line to Start Resuming Passenger Services From Next Week

The company plans to restart operations at a 'cautious' pace.

29 May 2020

Shanghai Exchange to Test VLSFO Futures Trading Next Month

The contract will be for 10 mt lots with physical settlement, denominated in RMB.

29 May 2020

Weekly Vessel Scrapping Report: 2020 Week 21

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from May 21 – May 27, 2020.

28 May 2020

Oil Rises, But Wreckage Caused By Government-Imposed Lockdowns Still A Major Hurdle

Chevron, other firms announce more layoffs.

28 May 2020

New Bunker Supplier TFG Marine Made Estimated $4 Million Profit in Q1

The IMO 2020 transition appears to have led to early profits for the newly-formed company.

28 May 2020

Fujairah Fuel Oil Stocks Lose 9% on Week

Heavy distillate and residue stocks in Fujairah dropped by 9% to 15.001 million barrels in the week to Monday.

28 May 2020

Argentinian Bunker Sales Gained 70% in First Quarter

Total sales rose to 502,815 mt in the first quarter of 2020, up from 296,320 mt a year earlier.

28 May 2020

Additive Company Lubrizol Joins Getting to Zero Coalition

The company will aim to address how lubricants may need to change as the shipping industry shifts to lower-carbon fuels.

28 May 2020

SDE International Sees Singapore's 2020 Bunker Demand Holding Steady

In January-April of this year sales were 6.6% higher than in the same period a year earlier.

28 May 2020

Oil Down on Geopolitical Tension But Recovery From Virus Lockdowns Still Strong

Meanwhile, Morgan Stanley raises its Brent forecast.

27 May 2020

VPS Reports Sharp Decline in Non-Compliant VLSFO Samples

In March and April this year, just 1.1% of the VLSFO samples tested by VPS had sulfur content above 0.50%.

27 May 2020

Brokerage NSI Hires US Managing Director

NSI is seeking to expand its presence in the US market.

27 May 2020