Fuel demand slow recovery wakes bunker market
Fuel demand around the world is recovering as lockdowns ease, according to MABUX with the World Bunker Index showing an uptrend in June for...
Fuel markets show recovery signs amid fears of a second pandemic wave
Despite fears of a second wave of Covid-19, fuel markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten. MABUX...
A second coronavirus wave could demolish fuel prices
A feared second wave of coronavirus infections may have arrived, according to MABUX, with cases rising in many parts of the US, while exploding...
Narrow spreads stall scrubber retrofits
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Last week bunker prices continued to rise slightly. MABUX Global Bunker Index for 380 HSFO rose from US$274/tonne on 4 June up to US$287/tonne...
Index shows bunker prices steadily increasing
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With crude oil prices steadily climbing in price after the April shocks the bunker fuel prices have, as expected, followed suit and have edged...
Testing group says VLSFO non-compliance declining
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Veritas Petroleum Services (VPS) group commercial business development manager Steve Bee has said that the number of fuels that are non-compliant with the sulphur...
Sinopec sees increased bunker sales in China
Domestic very low sulphur fuel oil (VLSFO) production has seen growth in China leading to increased bunker sales by the leading supplier Sinopec at...
Lytton refinery shutdowns due to poor fuels demand
Caltex Australia has shutdown the Lytton refinery in Brisbane, according to Ship&Bunker. The Australian refinery will remain closed until market conditions improve. Caltex had...
Oil price recovery sees accretion in bunker price
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As recoveries go the oil price rises over the last week have almost gone unnoticed in the turmoil of the Coronavirus crisis. Last year the...
VLSFO price hits record low
The cost of VLSFO bunkers in the four main bunkering hubs of Singapore, Fujairah, Rotterdam, and Houston has continued to fall, hitting a record...
Sinopec eyes HLT’s Universal Terminal
Chinese state energy company Sinopec, Asia's largest refinery, is in early-stage talks with Hin Leong Trading Pte Ltd to buy a stake in an...
Volatile oil prices see VLSFO dip below HFO for the first time
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The price of VLSFO has dipped below the price of HFO for the first time this week as the volatility of crude oil prices...
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Singaporean state investment firm Temasek mum on PIL bailout
The Singapore government’s investment company Temasek Holdings is remaining tight-lipped on market talk that it may take a stake in embattled liner operator Pacific...
Chinese shipyards win giant container ship order
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Chinese shipyards will build six 24,232TEU containerships, the largest in the world as of today, that the Bank of Communications Financial Leasing (Bocomm Leasing)...
MSC Rosa M damages Mumbai crane
The 14,000TEU MSC Rosa M has hit and seriously damaged a crane at the DP World terminal in Nhava Sheva, NSIGT in Mumbai, while...
Taking the personal view for crew working on container shipping
Philip Eastell – Founder of Container Shipping Supporting Seafarers – describes the personal side of container operations at a time when crew, affected by...
High speed and compromised manoeuvring caused Milano Bridge accident
The container ship Milano Bridge had failed to slow down as it attempted to berth in Busan New Port on 6 April 2020, causing...
