All News

Wallenius Wilhelmsen Cancels Scrubber Installations to Cut Costs

The company has withdrawn a proposal for a dividend to shareholders for 2019, and is planning to recycle four ships and place up to ten more in cold layup.

23 Mar 2020

FEATURE: IMO Reports Show Sharp Drop in VLSFO Shortages

Just six FONARs were filed to the IMO in February, down from 41 in January.

23 Mar 2020

Coronavirus Panic Causes More Crude Losses As Analysts Readjust Downward Demand Forecasts

Vitol thinks there's no limit to bearish sentiment.

20 Mar 2020

Argentina Bunker Sales May Halt on Customs Office Closure: Source

Refineries in the country are stopping offering very low sulfur fuel oil and marine gasoil as of Friday.

20 Mar 2020

Houston Terminals Reopen After Coronavirus Shutdown

Houston's Barbours Cut and Bayport container terminals suspended operations Thursday after an employee tested positive for COVID-19.

20 Mar 2020

LNG Bunker Supply Continues in Northwest Europe Despite Virus Outbreak

"Currently there are no limitations on the loading of LNG from any of the terminals we load from," the company said in a statement on its website.

20 Mar 2020

Maersk Suspends 2020 Earnings Guidance on Coronavirus Pandemic

The company is due to publish first-quarter results on May 13.

20 Mar 2020

Chinese Port Operator Says Operations Continue as Normal at Fuzhou

Local media had previously reported vessels arriving from a list of countries would have to complete a mandatory 14-day quarantine at Fuzhou.

20 Mar 2020

Surprise Record Gains For Crude, But Analysts Think Oil May Have to Plummet To The Teens Anyway

Meanwhile, Kemp calls for leadership in resolving the Saudi/Russian dispute.

19 Mar 2020

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

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

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

Move could hurt regional trade.

19 Mar 2020

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

No dividend pay out from April AGM.

19 Mar 2020

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

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 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

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 expects annual fleet growth of 1.8% for crude tankers and 2% for refined products this year.

19 Mar 2020