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Straits Inter Logistics Revenue Almost Triples From Bunker Expansion
May 22, 2020 ... in the oil and gas sector, into the MFO market has opened up a new customer base of international container ships in the maritime transportation industry," the company said. "It has opened up ...
Hapag-Lloyd Loses $63.2 Million on Bunker Stock Devaluation After Oil Collapse
May 15, 2020 ... line Hapag-Lloyd has lost €58.4 million ($63.2 million) as a result of the value of its bunker fuel inventory dropping in the wake of the recent oil-price collapse, the company said ...
Seaspan Orders Fuel Heating System for Eight Container Ships
May 15, 2020 ... fuel oil (VLSFO). Alfa Laval will install a steam boiler system on board eight of the company's container ships over the next two years, Seaspan said in an emailed statement Thursday. "The ...
Boost for Bunker Demand as Tankers Join Boxships in Taking Longer Routes
May 7, 2020 ... tankers have joined container ships in taking longer routes while bunker prices are low. At least three VLCCs have embarked on journeys from Saudi Arabia to Northwest Europe taking the longer ...
Container Line CMA CGM Continues to Waive Low Sulfur Surcharge
May 6, 2020 ... container line CMA CGM will continue to waive its low sulfur surcharge designed to pass on the higher fuel costs for very low sulfur fuel oil (VLSFO) to its customers, the company said ...
S&B ANALYSIS: Bunker Hubs Showing Surprising Coronavirus Resilience
May 4, 2020 ... results from Maersk on May 13 will also give some indication of how demand from the container sector has fared. Late Start to Coronavirus Slump? The resilience of bunker demand at ...
Scrubber Retrofits Continue Despite Narrowing Price Advantage
Apr 22, 2020 ... container lines are persevering with scrubber retrofits despite the recent narrowing in high-sulfur fuel oil (HSFO) discounts that makes them look less profitable, according to shipping ...
S&B VIEWPOINT: Don't Expect to See Negative Bunker Prices Any Time Soon
Apr 22, 2020 ... like the credit provided by suppliers and the bunker adjustment factors charged to shippers by container lines might see their terms reversed. "With a negative price, shipowners would have to ...
Box Lines Keep a Handle on Capacity Management
Apr 20, 2020 ... shown to be in line with normal seasonality." The analyst noted some differences in the way the container lines approach the coronavirus capacity issue. By way of illustration, on the ...
Freight Forwarders Warn BAFs May Be Being Used to Claw Back Revenues Lost to COVID-19
Apr 17, 2020 ... Association for Forwarding, Transport, Logistics and Customs Services (CLECAT) has called for container shipping companies to pass on the savings seen since the collapse in crude prices a month ...