All News

Fujairah Bunker Stocks Climb to Record High

Heavy distillate and residue stocks gained 7% to 15.445 million barrels in the week to Monday.

8 Apr 2020

Offline Container Capacity Could Reach 12.6% of Total Fleet

The previous peak of offline capacity was 2.46 million TEU, reached last month.

8 Apr 2020

FEATURE: Bunker Industry Adjusts to New Working Practices Amid Virus Disruption

Some industry sources have reported operational problems caused by having the majority of staff working from home.

8 Apr 2020

Panicked Traders Cause More Crude Losses Despite Possible Third Quarter Economic Uptick

Meanwhile, the coronavirus impact has been downwardly revised.

7 Apr 2020

Singapore Bunker Supplier Count Drops to 43

The current count of 43 compares with 55 at the start of 2019, and 80 in 2010.

7 Apr 2020

Bunker Broker Hallmarkfuels Announces New Name

The new name is in use as of Tuesday.

7 Apr 2020

Energy Producer Total Charters LNG-Powered VLCCs to AET

Total has agreed to charter the two new VLCCs to Malaysia's AET upon their delivery in 2022.

7 Apr 2020

Boost for Cruise Industry as Saudi Fund Takes Stake in Carnival

Saudi Arabia's Public Investment Fund has taken an 8.2% stake in Carnival, the world's largest cruise company, as of March 25.

7 Apr 2020

Green Groups Ask For Online IMO Meeting After MEPC Cancellation

Last week's scheduled meeting of the Marine Environment Protection Committee (MEPC) that sets emissions regulations for shipping was postponed indefinitely in March.

7 Apr 2020

Market Outlook and Bunker Buying Strategies for Q2 2020

The most effective way to look at the market currently is to assess the associated risks, writes NSI's Paul Hardy.

7 Apr 2020

Oil Down on Concerns About Historic Cutback Deal

Meanwhile, media continues to skew its reporting of the coronavirus pandemic.

6 Apr 2020

Integr8 Recommends HSFO Enquiries Seven Days Ahead of Delivery

The company recommends advance warning of seven or more days for a better chance at good availability and competitive pricing.

6 Apr 2020

Coronavirus Could Cost Container Lines $23 Billion: Sea-Intelligence

The company warns of a worst-case scenario in which boxship freight rates decline as much as they did in the aftermath of the financial crisis in 2009.

6 Apr 2020

Monjasa Saw 14% Rise in Bunker Sales at Start of IMO 2020

Total sales jumped to 1.232 million mt in the three months to March 31.

6 Apr 2020

OPEC+ Postpones Emergency Meeting to Thursday

The emergency meeting, originally expected to be held over webinar on Monday, has now been postponed to Thursday.

6 Apr 2020

Hambantota Bunkering Relaunches With Arrival of First Marine Fuel Cargo

The tanker Melody arrived at Hambantota on April 2 with its first bunker shipment.

6 Apr 2020

Bunker Prices Stall as Crude Jumps 50%

VLSFO in major ports Friday had a 5% premium over Brent, vs a Q1 2020 average of 35%.

6 Apr 2020

More Huge Gains For Crude Despite Potential Virus Treatments Meeting Bureaucratic Resistance

Meanwhile, Royal Dutch Shell prepares for a new energy industry landscape.

3 Apr 2020

Port of Singapore Remains Open For Business: MPA

Singapore's Ministry of Health announced tougher measures aimed at controlling the spread of COVID-19 on Friday.

3 Apr 2020

Industry Body Sees European Shipping at 'Breaking Point'

"Tthis unprecedented crisis requires unprecedented reactions," the organisation said in a statement on its website.

3 Apr 2020