All News

Banks Exposed in Hin Leong Collapse

Sums owed to local and international finance houses close to $4bn.

21 Apr 2020

Cruise Companies Trim Costs to Weather Covid-19 Storm

Remaining two cruise ships at sea disembark passengers.

21 Apr 2020

Singapore Police Open Investigation into Hin Leong

In a court filing that came to light last week the son of billionaire company founder Lim Oon Kuin (OK Lim) said his father hid $800 million in futures losses sustained over a number of years.

21 Apr 2020

Bunker Surveyors Facing Operational Restrictions

In many ports we cannot measure the barge's tanks, a cause for concern should a major discrepancy occur, Petro Inspect founder Kaivan Chinoy tells Ship & Bunker.

21 Apr 2020

May Oil Contracts Plunge To The Negatives As The Call To Reopen The Economy Intensifies

Meanwhile, experts say up to 30 percent of producers must restructure or face bankruptcy.

20 Apr 2020

Singapore's MPA Awards Bunker Supplier Licences to Minerva and TFG Marine

The addition of the two companies takes Singapore's number of accredited suppliers to 45.

20 Apr 2020

Bunker Markets Lacklustre as Pandemic Squashes Demand

Falling oil prices and the prospect of better deals keeping buyers away.

20 Apr 2020

Box Lines Keep a Handle on Capacity Management

Contract rate remains stable despite weak demand.

20 Apr 2020

FONAR Filings to IMO Drop to Four in March

The four filings compare with eight posted in February and 44 in January.

20 Apr 2020

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

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

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

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

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

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

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

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

"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

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

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