Advisory includes common deceptive shipping practices allegedly used by said countries and best practices for stakeholders to mitigate sanctions risk.
Advisory is issued ‘in the wake of unusually high volatility and negative pricing experienced in the May 2020 WTI’, signalling the possibility of a repeat as...
IEA forecasts demand from all vessel types will drop by 5% this year, with 6% and 3% year-on-year falls in the third and fourth quarters.
Company plans to complete the production of 80,000 mt of low sulfur marine fuel by June 2020 using the residue hydrotreating method which is more difficult,...
Zhoushan is becoming the key port for bunker-only calls in China, where they plan to sell 7 million tons of bonded fuel via 11 suppliers in...
Sinopec’s bunker vessel Anshen 5 arrived at Anchorage Area No. 3 to supply 1,600 metric tonnes of low sulphur marine fuel for large tanker New Vista.
‘Low sulphur marine fuel produced by the company was exported smoothly after the government implemented the quota system to manage the process,’ said deputy manager.
Issues occurred despite ship operators using 40BN engine oil, as per recommendation from suppliers, for use with VLSFOs, finds whitepaper.
‘Despite the overall weak shipping demand amid the rampant coronavirus, Chinese refiners started mass production of low sulfur bunker fuel,’ reads report.
April bunker sales results released on Wednesday caught several players, who expected volume to fall due to lower international trade and COVID-19, by surprise.
