French bank was exposed to USD 240 million from Hin Leong Trading’s financial troubles and recorded loss in Q1 despite a USD 372 million buffer for...
Some banks have already stopped or scaled back issuing letters of credit to smaller trading firms and are requiring cargoes to be pre-sold before issuing financing,...
‘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.
‘OTPL has a strong group of employees who have the requisite expertise and experience in ship chartering and management, which has commercial value and should be...
Marine fuel related proposed amendments such as procedures for sampling and verification of the sulphur content of fuel oil, EEDI, and IGF Code taking a back...
Analysing a diverse range of data predicting diminishing losses at varying paces, Integr8 Fuels says it is likely VLSFO prices will remain below $300/ton for the...
‘Prices in this week’s European gas markets are likely to be supported by lower temperatures across the continent and easing lockdowns across Europe,’ says analyst.
‘We are not the largest marine fuels supplier in this great shipping hub; surely, our personal relations play a big part of the increasing demand for...
IBIA addresses issues arising when crew on bunker barges are predominantly foreign nationals and have no shore access or medical care due to COVID-19 measures.
