China has released its LSFO export quota, however production may not always be economical, so refiners may buy from other Chinese refineries to fulfil export numbers.
Shengli refinery started planning the production of low sulphur marine fuel to overcome the downturn in oil markets caused by the COVID-19 pandemic in early 2020.
All creditors of Zeamarine Singapore should file their proof of debt with the Liquidators who will be administering all affairs of the company by 25 May.
Production of fuel oil for the export market, especially bunker streams and LSFO, reached an average of 295 kbpd in Q1 2020, an 18.5% increase from...
Current low bunker price environment and high tanker rates are temporary and once the situation normalises, more attention will go to increasing voyage earnings.
Report summaries ships consuming non compliant bunker fuel, number of FONAR documents received, and vessels experiencing issues with scrubber operations.
The virtual hearing was initially set to be on Thursday (30 April) but has allegedly been brought forward ahead of time at the request of creditors,...
Company seeks legal protection as it is possible gasoil reserves designated for Sembcorp Cogen may be subject to competing claims by other parties, it said.
Mining firm has updated its bunker supplier clause, ensuring its hired vessels are not carrying any bunkers supplied by Hin Leong; similar move by other charterers...
Following extreme market volatility and plunging U.S. oil futures, ICBC warns investors could lose their investment principals or margins in commodity linked products.
