Subscribers' News Board

02
Apr

EUROPE: CMAL issues contract for two LNG bunkering installations

Scottish ferry owner Caledonian Maritime Assets Ltd has contracted KC LNG to design and construct the LNG bunkering facilities at Port of Uig on the Isle of Skye and the Port of Ardrossan on the Firth of Clyde, which will refuel two new LNG-fuelled ferries.

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02
Apr

GLOBAL: COVOID-19: Wallenius Wilhelmsen offers update on financial and operational mitigation measures

In a new investor presentation, the company says that measures to reduce variable costs will include adjusting vessel speed and sailing schedules, idling vessels and tightening bunker inventory management.

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02
Apr

GLOBAL: CMA CGM will be suspending low sulphur surcharge next month

CMA CGM has announced that, ‘taking into consideration the current price of VLSFO’, the Low Sulphur Surcharge (LSS20) which it introduced on 1 December will not be applicable from 1 May.

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02
Apr

GLOBAL: Pavilion Energy calling for industry standard for LNG’s total GHG emissions

Pavilion Energy is calling on LNG suppliers to help develop an industry standard for the fuel’s total greenhouse gas (GHG) emissions, according to Reuters.

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02
Apr

GLOBAL: Carnival takes urgent action to bolster financial position

As cruise lines see their businesses decimated by the coronavirus outbreak, Carnival is taking further measures to shore up its finances with the issue of 62,500,000 shares of common stock, priced at $8.00 per share.

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02
Apr

EUROPE: Overall growth rates in Iberian ports flattened in 2019

Cargo throughput at Spanish ports totalled 651 million tonnes last year, 0.8% down from 2018, but Portuguese ports continued their downward trend with the country’s continental ports shipping only 87 million tonnes of cargo, a 6.2% year-on-year decline, according to a new report from Atlantico Business Development.

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02
Apr

EUROPE: COP26 postponed due to COVID-19

The UK government has announced that the COP26 UN climate change conference that was set to take place in Glasgow in November has been postponed due to COVID-19 pandemic.

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02
Apr

GLOBAL: MAN ES low-speed dual fuel engines top 1 million operating hours

‘Our plan is very much to continue this dual-fuel focus - to this end, we recently released a Mk II ME-GI model and are currently, owing to market demand, developing an Otto-cycle variant – the ME-GA,’ says Bjarne Foldager, Senior Vice President, Head of Two-Stroke Business at MAN Energy Solutions.

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02
Apr

ASIA PACIFIC: Bunkering operations set to start at Hambantota

Informed local sources have told Bunkerspot that bunkering operations at the Sri Lankan port of Hambantota are now set to begin.

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IMO 2020 Small

IMO 2020 news updates

Bunker Prices - 02/04/2020

LOCATION

380

MGO

VLSFO

Buenos Aires

580

345

Busan

212

307

257

Durban

482

325

Fujairah

185

434

275

Gibraltar

216

310

247

Hong Kong

205

272

270

Houston

172

322

220

Istanbul

315

290

Las Palmas

220

318

252

Los Angeles

250

350

280

Malta (off)

314

250

Mumbai

225

483

303

New York

195

325

240

Panama Canal

222

337

273

Piraeus

204

308

265

Rotterdam

150

280

215

Santos

272

455

272

Shanghai

208

342

267

Singapore

181

270

259

St. Petersburg

145

250

190

Suez

250

306

Tokyo

241

602

339