Idemitsu forecasts the Chiba residue desulphuriser will increase its output of VLSFO by 3.15mn bl/yr while cutting output of HSFO by 3.77mn bl/yr, it said.
Anapo has committed its Mersey Spirit and Rimorchiatori LazialI its Magic Duba to the fleet, while Bunker Energy is in charge of sales for the venture.
‘This indexing mechanism will help improve transparency and fairness in how fuel costs are calculated which will benefit all stakeholders in the supply chain,’ it said.
While Europe is reviewing to streamline MRV regulations with the IMO DCS, it is advised for ship operators to be aware of the differences between the...
Write down based on mid and long-term prices, refining margin outlook post COVID-19, related macroeconomic energy market demand and supply fundamentals.
Bunker Holding Group does not expect a repeat of the good results for the new financial year 2020/21 due to decline in world trade and markets.
Japanese shipowners forecast June bunkers consumption to drop by 20% from the same month last year, on the back of reduced operating rates of their customers.
Bunker suppliers should consider how to contractually secure maritime liens against bunker tanker and the receiving vessel which the bunkers are ultimately bound.
Group announced earnings before tax doubling from USD 77.3 million to USD 155.2 million, while revenue grew to USD 10.9 billion.
Ships worldwide to sound their horns when in port at 1200 hrs GMT to remind Governments of the ongoing crew-change issue.
