• GLOBAL: WFS posts Q2 2020 results

    GLOBAL: WFS posts Q2 2020 results

    World Fuel Services’ operations were ‘significantly impacted’ in Q2 2020 due to the coronavirus-led global business downturn but while quarterly volumes fell in its marine fuels business the segment posted a 2% year-on-year increase in gross profit due to ‘improved performance in [its] core resale business’.

  • AMERICAS: Kirby’s Q2 earnings hit by COVID-19

    AMERICAS: Kirby’s Q2 earnings hit by COVID-19

    US-based barge operator Kirby has reported net earnings of $25 million for the second quarter (Q2) of 2020, down from $47.3 million for the same period last year.

  • ASIA PACIFIC: Xihe Group sets out its stall for future direction

    ASIA PACIFIC: Xihe Group sets out its stall for future direction

    As the company works with its lenders on a ‘consensual restructuring’ plan, it has announced the appointment of a new management team – which no longer includes Lim Oon Kuin or family members – and it is focusing on an ‘orderly divestment and rightsizing of its fleet to achieve optimum returns to all stakeholders’.

Subscribers' News Board

07
Aug

GLOBAL: ‘Hydrogen market is on the verge of a revolution’

Contributors to the newly-published Global Gas Report 2020 are claiming that the ‘hydrogen market is on the verge of a revolution’ and ‘the goals of the Paris Agreement cannot be met without a substantial scale-up of clean gas technologies – such as hydrogen’.

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07
Aug

EUROPE: First delivery at new Port of Lowestoft bunker facility

The Thun Grace, operated by the Gothia Tanker Alliance, was refuelled on 5 August at the newly opened facility, the subject of a £250,000 investment by the port’s owner and operator, Associated British Ports.

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07
Aug

GLOBAL: Mauritius facing environmental challenge as stranded bulk carrier leaks bunker fuel

The Panamanian-flagged MV Wakashio ran aground on 25 July at Pointe d’Esny with a reported 200 tonnes of diesel and 3,800 tonnes of bunker fuel onboard.

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07
Aug

EUROPE: Cooperation agreement signed for marine smart grid project

The University of Trieste’s Digital Energy Transformation & Electrification Facility, Wärtsilä, Fincantieri SI and Seastema are to collaborate on the development of a ‘marine electric microgrid’, which will include building a technical demonstrator in Trieste to test new solutions for marine power systems.

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07
Aug

ASIA PACIFIC: MSC’s new Golden Horn service links China, Korea and Russia

Container shipping operator MSC has announced its new Golden Horn service that will complement its existing intra-Asia network and link China, Korea and the eastern coast of Russia.

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07
Aug

EUROPE: Terra Drone invests in Dutch drone company

Terra Drone, one of the world’s largest drone providers, has invested in Skytools and the companies will now collaborate on establishing a drone hub in Rotterdam, which will include training facilities and R&D centres.

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07
Aug

EUROPE: Eesti Gaas providing LNG bunkering services in the Port of Hanasaari in Helsinki

Eesti Gaas’ subsidiary Elenger Marine began offering LNG bunkering services in the port of Hanasaari, Helsinki last month – starting with deliveries to two ESL Shipping bulk carriers, M/S Viikki and M/S Haaga.

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06
Aug

ASIA PACIFIC: Sumitomo Heavy Industries granted AiP for dual-fuel tanker

Sumitomo Heavy Industries Marine & Engineering has been granted an Approval in Principle (AiP) from Lloyd’s Register for a medium-size tanker equipped with a high-pressure LNG dual-fuel system that has been designed to reduce methane slip.

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06
Aug

MIDDLE EAST: Hapag-Lloyd office destroyed in Beirut explosion; all staff safe

The company says that there were no Hapag-Lloyd vessels present in the port at the time of the massive explosion yesterday (5 August) but notes that ‘our containers, both laden and empty, most probably have been affected by the blast’.

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06
Aug

GLOBAL: ICS: Efficiency gains will not be enough to meet 2050 targets

The International Chamber of Shipping (ICS) has said that the International Maritime Organization’s (IMO) fourth Greenhouse Gas Study ‘demonstrates that improvements in technical efficiencies alone will not be enough for the sector to reach the target of halving emissions by 2050, compared to 2008 levels’.

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06
Aug

GLOBAL: Euronav reports H1 profit of $485 million

Euronav has reported that its activities in the tanker market ‘continued to deliver strong earnings throughout the second quarter’ – and the marked-to-market value of the IMO 2020 compliant fuel stored onboard its tanker Oceania was in a ‘much improved position’.

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06
Aug

GLOBAL: CMA CGM introduces faster connection between Spain and Algeria

The containership company has launched the SPAINAF EXPRESS weekly service as part of its EURONAF offering.

Read more ...

Bunker Prices - 07/08/2020

LOCATION

380

MGO

VLSFO

Buenos Aires

525

365

Busan

316

422

370

Durban

475

370

Fujairah

276

453

340

Gibraltar

306

397

343

Hong Kong

305

368

345

Houston

258

366

298

Istanbul

415

345

Las Palmas

304

397

339

Los Angeles

264

404

360

Malta (off)

312

390

335

Mumbai

327

473

373

New York

280

387

337

Panama Canal

292

395

325

Piraeus

293

400

370

Rotterdam

260

362

310

Santos

334

468

334

Shanghai

295

415

340

Singapore

280

382

348

St. Petersburg

250

370

312

Suez

305

433

371

Tokyo

283

570

376

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