All News

LQM Warns of Inadequate Hedging Against Bunker Price Rises

In a survey of LQM's clients last week, two-thirds said they thought bunker prices would rise over the next 12 months, but only half said they used risk management strategies to mitigate this risk.

19 May 2020

Gazpromneft Marine Lubricants Expands in Mediterranean

The company's network in the region now covers 27 ports in Greece, seven ports in Egypt and 20 ports in Turkey.

19 May 2020

New Bunker Barge for BP in Australia

BP has chartered the MT Absolute I to supply bunkers in Fremantle, Kwinana and at local anchorages.

19 May 2020

IEA Reinforces Outlook for 8% Drop in Bunker Demand

Echoing earlier industry forecasts.

18 May 2020

FOBAS Alert: Low Flash Point Distillate Marine Fuel Oil in Antwerp

ISO-F-DMA grades tested with flash points below the 60°C SOLAS minimum limit for marine fuel oils.

18 May 2020

First Phase of South Korea SECA Coming in September

Vessels required to use a max 0.10% sulfur marine fuel while at berth or anchorage.

18 May 2020

Huge Gains For Crude Over Demand Resurgence And Virus Vaccine News

Croft says "green shoots of recovery" are in place.

18 May 2020

Survey Shows European Shipowners Expect to Put Off Investments in Cutting Emissions

In a survey the ECSA conducted among European shipping companies last month, just 26% said they expected to go ahead with investments in emissions reduction as planned this year.

18 May 2020

Singapore Bunker Margins Weaken Further

The premium to FOB Singapore cargo prices slipped to $11.39/mt by Friday, down from $15.11/mt a week earlier.

18 May 2020

Panama Sees Year-on-Year Jump in April Bunker Sales

Total sales rose to 415,137 mt in April, up from the 406,677 mt seen a year earlier, but down by 7.35% month-on-month.

18 May 2020

Marseille-Fos Sees France's First Ship-to-Ship LNG Bunker Operation

Energy giant Shell bunkered Carnival Group's cruise ship the Costa Smerelda at the French port on May 4 using its barge the Coral Methane.

18 May 2020

Expectation of Higher Oil Prices Holds Back Scrubber Cancellations: Gibson

Several tanker companies have recently announced delays to some of their scrubber retrofits while freight rates are strong and fuel spreads are narrow.

18 May 2020

INTERVIEW: The Falling Cost of Biofuel - Now a "Commercially and Technically Viable" Alternative to Fossil Bunkers

Even as the price of conventional marine fuel slumps to multi-year lows, says GoodFuels.

18 May 2020

Yet More Gains For Crude As Back To Work Momentum Generates Upbeat Demand Forecasts

At present the optimism is eclipsing health concerns of a second virus wave.

15 May 2020

Chevron Launches US Gulf Coast Offshore Bunkering Service

Offering MGO 12 nautical miles offshore, across all USGC locations.

15 May 2020

Hapag-Lloyd Loses $63.2 Million on Bunker Stock Devaluation After Oil Collapse

The company's bunker consumption in the first quarter was 1.1 million mt, little changed from the same period last year, and the average price paid gained $98/mt to $523/mt.

15 May 2020

Glander Sees Limited Demand Impact From COVID-19 Pandemic So Far

"Up to now, we haven't seen a severe drop in demand."

15 May 2020

Port of Qingdao Completes First Bunkering of Large Vessel

Sinopec bunkered the VLCC New Vista with 1,600 mt of VLSFO at Qingdao on 11 May.

15 May 2020

Seaspan Orders Fuel Heating System for Eight Container Ships

Alfa Laval will install a steam boiler system on board eight of the company's container ships over the next two years.

15 May 2020

More Gains For Oil As Economic Recovery Data Continues to Contradict Gloomy Analytical Forecasts

Meanwhile, more evidence suggests the virus panic may have been needless.

14 May 2020