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Relief for Crude Prices On Monday, But Experts Dismiss It As Temporary
Relief for Crude Prices On Monday, But Experts Dismiss It As Temporary
However, further U.S. government stimulus could support prices.
23 Mar 2020
Scrubber Advocates Shift Focus to Environmental Case as HSFO Discount Narrows
Scrubber Advocates Shift Focus to Environmental Case as HSFO Discount Narrows
The VLSFO-HSFO spread at Rotterdam narrowed to $48/mt on Friday, down from $298/mt at the end of last year.
23 Mar 2020
Shell Trims Operating Costs in Covid-19 Response
Shell Trims Operating Costs in Covid-19 Response
Company is "prepared to take further strategic decisions and consider changes to the overall financial framework as necessary".
23 Mar 2020
US Refineries See Reduced Working on Covid-19 Impacts
US Refineries See Reduced Working on Covid-19 Impacts
Non-essential works being pushed back, staff urged to work from home.
23 Mar 2020
Hapag-Lloyd Saw 0.6% Slip in Bunker Consumption in 2019
Hapag-Lloyd Saw 0.6% Slip in Bunker Consumption in 2019
High sulfur fuel oil consumption dropped by 4.8% to 3.658 million mt, while low sulfur bunker consumption surged by 27.7% to 718,066 mt.
23 Mar 2020
Singapore Issues Covid-19 Guidance for Service Providers
Singapore Issues Covid-19 Guidance for Service Providers
Advisory for shore personnel and ship crew visiting or working onboard vessels alongside wharves, in shipyards and at anchorages.
23 Mar 2020
Panama Bunker Sales Gain 18.5% on Year in February
Panama Bunker Sales Gain 18.5% on Year in February
Total sales jumped by 18.5% from a year earlier to 436,066 mt last month.
23 Mar 2020
Taiwan to Introduce Universal 0.50% Sulfur Bunker Limit From July
Taiwan to Introduce Universal 0.50% Sulfur Bunker Limit From July
Taiwan will source its very low sulfur fuel oil from producers CNPC and Formosa Plastics.
23 Mar 2020
Wallenius Wilhelmsen Cancels Scrubber Installations to Cut Costs
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The company has withdrawn a proposal for a dividend to shareholders for 2019, and is planning to recycle four ships and place up to ten more in cold layup.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
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
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
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 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
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
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
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
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
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
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
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
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