• 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.

  • 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’.

Subscribers' News Board

03
Aug

GLOBAL: LNG Wayfinder now includes data from Kpler

BRG's Energy & Climate practice has announced that its LNG Wayfinder service – which provides historical analysis of LNG prices, markets, trade and shipping – now includes data intelligence from Kpler.

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03
Aug

EUROPE: StormGeo appoints new COO for shipping division

Kim Hedegaard Sørensen is the new COO for the Bergen-based company, which provides cross-sector information solutions, including voyage planning, fleet optimisation and vessel routing.

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03
Aug

GLOBAL: Black Friday for oil majors Chevron and ExxonMobil

Oil majors Chevron and ExxonMobil both reported second quarter losses on Friday, which they attributed to the impact of the COVID-19 pandemic.

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03
Aug

EUROPE: EC providing funds for LNG bunkering in two Spanish ports

As new statistics show that LNG bunkering operations have tripled in Spain over the past year, the European Commission (EC) is committing €27 million in funding for LNG bunkering projects at the ports of Barcelona and Algeciras.

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03
Aug

GLOBAL: WFW expands London dispute resolution practice with new partner hire

Marcus Dodds has joined Watson Farley Williams (WFS) from Reed Smith, where he was co-head of the LNG and offshore groups.

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03
Aug

AMERICAS: Misuga fined $1.5 million for concealing illegal discharges of oily water

Japan-based shipping company Misuga Kaiun Co. Ltd. has been fined $1.5 million by an Orland, Florida court after pleading guilty to violating the Act to Prevent Pollution from Ships by ‘failing to accurately maintain an oil record book that covered up discharges of oily water from the ship, Diamond Queen’.

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03
Aug

GLOBAL: Green light for KPI Bridge Oil and OceanConnect Marine merger

The alliance between two of the bunker industry’s most well-known names, first announced in February, has now received official regulatory approval.

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03
Aug

GLOBAL: Drewry: ‘COVID-19 to stifle container port investment’

Shipping consultancy Drewry has forecast that the pace of container port capacity expansion will contract ‘at least 40% over the next five years in the wake of the COVID-19 induced slowdown in port throughput’.

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03
Aug

EUROPE: EBRD agrees €80 million loan for Cyprus LNG terminal project

The European Bank for Reconstruction and Development is providing an €80 million loan to the Natural Gas Infrastructure Company of Cyprus (ETYFA) for the acquisition of a floating storage and regasification unit (FSRU) and the development of related infrastructure.

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03
Aug

ASIA PACIFIC: ABS to class dual-fuel offshore installation vessel

ABS is to provide classification services for the dual-fuel Green Jade – the first floating heavy lift and installation vessel to be built in Taiwan.

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31
Jul

EUROPE: Rotterdam reports slight drop in Q2 bunker volumes; fourfold increase in marine LNG supply

The Port of Rotterdam has reported bunker sales volumes of 2,218,924 cubic metres (cbm) for the second quarter (Q2), down from 2,249,027 cbm for the same period last year. 

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31
Jul

EUROPE: Brookes Bell announces new testing lab

The laboratory, located near Liverpool in the UK, will come online in October and will include a fuel-testing facility, reflecting the increase Brookes Bell is seeing in fuel-related investigations and claims.

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Bunker Prices - 03/08/2020

LOCATION

380

MGO

VLSFO

Buenos Aires

525

365

Busan

308

417

355

Durban

470

360

Fujairah

276

451

354

Gibraltar

299

400

335

Hong Kong

298

374

351

Houston

254

372

291

Istanbul

405

335

Las Palmas

295

390

333

Los Angeles

259

407

362

Malta (off)

295

395

333

Mumbai

326

467

333

New York

267

378

333

Panama Canal

285

390

320

Piraeus

282

393

362

Rotterdam

255

353

305

Santos

331

489

331

Shanghai

294

423

350

Singapore

283

391

346

St. Petersburg

245

352

302

Suez

303

430

365

Tokyo

286

575

401

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