All News

MPA Reassures Bunker Market

In wake of Hin Leong collapse.

22 Apr 2020

Hin Leong's Troubles Strengthen Singapore Bunker Premium: Platts

The premium for delivered very low sulfur fuel oil (VLSFO) over cargo prices at Singapore widened by $5.11/mt to $12.50/mt by Monday's close.

22 Apr 2020

Scrubber Retrofits Continue Despite Narrowing Price Advantage

The price spread between HSFO and very low sulfur fuel oil (VLSFO) at Rotterdam narrowed by $8.50/mt to $46.50/mt Tuesday, and has been hovering around record lows for the past week.

22 Apr 2020

Minerva Bunkering to Launch Singapore Physical Supply Operation in Early May

The company is currently finalizing operational needs and is targeting a start date in early May, a company representative told Ship & Bunker.

22 Apr 2020

S&B VIEWPOINT: Don't Expect to See Negative Bunker Prices Any Time Soon

The bunker supply chain does not have the inventory or supply-chain pressure affecting crude.

22 Apr 2020

Oil Experts Say Bankruptcies In May Might Lead To Better Outlook By June

Meanwhile, U.K. begins human trials for coronavirus vaccine.

21 Apr 2020

Wartsila Sees Profit Halved

First quarter results record weaker profits on diminishing scrubber orders.

21 Apr 2020

TFG Marine to Join Singapore Bunker Market at Start of May

The company will supply high sulfur fuel oil, very low sulfur fuel oil and marine gasoil in Singapore.

21 Apr 2020

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