Major Chinese trader PetroChina Singapore has leased fuel oil storage tanks at Port Klang, Malaysia, with intentions to develop that hub into a bunker fuel supply outlet, said trade sources Thursday. Fuel oil storage capacity at the Port ...
Tags: PetroChina, fuel supply, Fuel oil
Standard & Poor’s Ratings Services has explored the 2016 outlook for the global shipping industry and believes that global shipping companies, and drybulk and containership operators in particular, will continue to face difficult ...
Tags: Shipping Industry, drybulk
New Orleans bunker fuel remained in short supply Thursday, which has caused high-sulfur product prices in that port to spike relative to the nearby and competing Houston market. New Orleans IFO 380 3.5%S was assessed at $205/mt ex-wharf ...
The strike by pilots and tugs in the Greek port of Piraeus was extended by another 48 hours Wednesday, which kept barge loadings from refineries suspended for the third consecutive day. "Until further notice, the strike continues today ...
Tags: high sulfur fuel oil, gasoil, refiner
The Maritime and Port Authority of Singapore said Monday it is working with Nanyang Technological University, Singapore Maritime Institute and ClassNK in a bid to boost development of eco-friendly maritime technologies in the city state. ...
Taiwan's state-owned CPC will suspend supply of 380 CST grade bunker fuel at Taichung port, on Taiwan's west coast, from May 21 for two and a half months as one of its barges will undergo maintenance, a company source said Monday. The ...
Tags: Bunker Fuel, CPC
Moody's has changed its outlook for the global shipping industry to stable from negative on April 30. This outlook reflects Moody's expectations for the fundamental business conditions in the industry over the next 12 to 18 months. ...
Tags: Shipping, Global Shipping
Global ports expect to see LNG account for 13% of the bunker fuel market supply come 2020 and 24% by 2025, according to a Lloyd's Register report Monday. Lloyd's global marketing manager Luis Benito shared the observations at a media ...
Tags: LNG, Bunker Fuel Supply
Singapore 380 CST high sulfur bunker fuel prices dipped to a 21-month low of $586/mt Wednesday, on the back of weak demand and bearish crude. The outright price was last lower June 29, 2012, when it was $578.50, Platts data showed. ...
Tags: fuel, Metallurgy, Mineral, Energy
NYMEX May crude futures settled 14 cents higher at $99.60/barrel Monday with investors focusing on the suspension of vessel boardings in the Houston Ship Channel and its possible impact on oil movements in the US Gulf Coast region. May ...
Tags: Houston Ship Channel, Oil
The fuel oil physical hi-lo -- the premium of 1% FOB Northwest European cargoes over 3.5% FOB Rotterdam barges -- came off a 17-month high Tuesday morning, having surged $12.75/mt to $62.75/mt Monday on fears Russia may stop or reduce gas ...
Taiwan's state-owned CPC sold 1.35 million mt of bunker fuel in 2013, up 2.6% from a year earlier, a company source said Friday. There are two bunker suppliers in Taiwan, while CPC covers more than 90% of supply there, the source added. ...
Tags: Bunker Fuel, Mineral
The Gazprom Management Committee took notice of the information about the Company's efforts aimed at expanding natural gas use as a vehicle fuel abroad. The meeting noted that the main advantages of natural gas as a fuel were its ...
Chinese bunker supplier Sinopec Zhejiang Zhoushan Petroleum, or Sinopec Zhoushan, aims to start supplying low sulfur bunker fuel with no more than 1% sulfur content in East China, such as Shanghai and Zhoushan, in the first quarter of 2014, ...
Tags: Metallurgy, Mineral, Energy
Hong Kong bunker fuel suppliers said Friday they have settled ex-wharf premiums for October-loading 380 CST bunker fuel with importers at around $16/mt above Mean of Platts Singapore 380 CST high sulfur fuel oil assessments, compared with ...
Tags: Chemicals, Fuel Oil, Metallurgy, Mineral, Energy