News and Information

High Sulfur fuel oil (HSFO) is now taking up almost a quarter of bunker demand at the world’s largest bunkering hub. Sales were 24% of the total for Singapore.

Some weeks ago, it looked like oil and fuel demand recovery would not have V-shape mode, but the recent resurgence in COVID-19 cases in many parts of the world and the real possibility of new lockdowns has slowed the fragile recovery again. The World Bunker Index showed insignificant irregular changes in the last 7 days – the same trend as week before.

The vision to create an ammonia-fuelled tanker has moved a step closer to reality this week after Hyundai Mipo Dockyard (HMD) said it had received Approval in Principle (AIP) from Lloyd's Register for its design.

Global supply of fuel oil is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said.

Maritime and Shipping News round up - A selection of the best articles about bunker fuel, lubricants, digitalization and topical maritime industry articles.

Oil prices settled higher on Wednesday as U.S. gasoline consumption showed signs of a recovery, but price gains were limited by rising crude inventories and an increase in coronavirus infections.

Two-thirds of buyers have little or no confidence in fuel quality. Six months after the introduction of very low sulphur fuel oil (VLSFO), questions remain over quality and stability.

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.  Read more: Global Maritime...

Bunker and lubricants weekly news roundup, w/c 15 June

Bunker and lubricants weekly news roundup, w/c 8 June