• 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’.

  • 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’.

  • 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.

Subscribers' News Board

14
Aug

EUROPE: Klaveness: Deep sea shipping can be zero emission – and it wouldn't even be that costly

Four summer intern students at Klaveness Combination Carriers’ (KCC) tasked with finding environmnentally-friendly solutions for combination carriers have found that deep sea shipping can be be made zero-emission – ‘and it wouldn’t even be that costly’. 

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14
Aug

EUROPE: UK Government funding for hydrogen engine development facility

The UK Government is making £900 million available through the new Getting Building Fund (GBF) for investment in local, ‘shovel-ready’ infrastructure and maritime projects – and a facility for developing hydrogen engines is among the recipients.

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14
Aug

AFRICA: FOBAS reports off-spec bunker fuels from Port Elizabeth

FOBAS has reported that it has tested a number of bunker samples from Port Elizabeth that were found to be off-specification with high sediments.

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14
Aug

EUROPE: BPA disappointed by UK quarantine rules for visitors from France and Netherlands

The British Ports Association (BPA) has expressed its ‘regret’ following the UK Government’s announcement that visitors coming to the UK from France and the Netherlands will soon be forced to quarantine for 14 days.

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14
Aug

GLOBAL: Hapag-Lloyd reports ‘good half year’, despite coronavirus crisis

Hapag-Lloyd says that it ‘got off to a decent start’ in 2020 and benefited from the drop in bunker prices in the second quarter, but warned that ‘uncertainties due to the COVID-19 pandemic remain’.

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14
Aug

GLOBAL: BIMCO: Containerships now ‘most scrubber-fitted sector’

Containerships have overtaken crude oil tankers as the most scrubber-fitted shipping sector, according to the shipping association BIMCO.

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13
Aug

AMERICAS: Canadian Navy takes delivery of full-electric ice class patrol vessel

The Royal Canadian Navy (RCN) has taken delivery of HMCS Harry DeWolf, its first full-electric power and propulsion ice class patrol vessel with combat package.

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13
Aug

GLOBAL: VeriFuel publishes half year fuel quality stats

New data from Bureau Veritas VeriFuel indicates that very low sulphur fuel oil (VLSFO) has increased its market share quarter on quarter, the number of off-spec VLSFOs in June was the lowest seen all year, and there continues to be a wide VLSFO viscosity range across global ports.

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13
Aug

ASIA PACIFIC: Shell turning Philippines refinery into import terminal

Pilipinas Shell is turning its 110,000 barrels day (b/d) Tabangao refinery into a full import terminal, saying that it is ‘no longer economically viable’ to run as a refinery.

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13
Aug

ASIA PACIFIC: Uptick in Singapore’s monthly bunker volumes

July bunker sales at the Port of Singapore bounced back above the 4 million tonne mark – a month-on-month and year-on-year increase and an indicator of some recovery in global trade activity after the devastating impact of the coronavirus pandemic.

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13
Aug

EUROPE: Boluda orders IMO Tier III compliant tugs for Zeebrugge

Boluda Towage Europe has ordered two 85-tonnes bollard pull ASD Tugs 2813 from Damen Shipyards which will comply with the most recent IMO Tier III emission standards.

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13
Aug

GLOBAL: Flexport launches carbon footprint calculator

Digital freight forwarder Flexport has unveiled a new carbon calculator API which it says will help businesses ‘easily assess up to 100% of their carbon footprint for shipments’.

Read more ...

Bunker Prices - 14/08/2020

LOCATION

380

MGO

VLSFO

Buenos Aires

510

385

Busan

324

422

375

Durban

476

375

Fujairah

281

459

343

Gibraltar

302

402

340

Hong Kong

303

370

345

Houston

271

377

309

Istanbul

422

355

Las Palmas

297

395

336

Los Angeles

272

409

375

Malta (off)

298

392

330

Mumbai

333

482

358

New York

280

385

341

Panama Canal

306

393

322

Piraeus

291

400

361

Rotterdam

262

366

315

Santos

344

475

344

Shanghai

305

420

351

Singapore

284

386

345

St. Petersburg

249

364

310

Suez

315

430

375

Tokyo

283

570

370

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