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May
April, 2020
Date Headline Image
Mon20Apr
Much of the inventory used as collateral for its lenders has been sold off, and company founder OK Lim hid $800 million in futures losses, his son alleges.
Singapore: Hin Leong Financial Troubles Detailed in Court Filing
Mon20Apr
Ship & Bunker's Global 4 Ports index indicated the average VLSFO price in the major bunkering hubs Thursday fell to $235.50/mt.
VLSFO Price Hits New Low, Bunker Costs Lowest Since 2016
Fri17Apr
However, resistance to life returning to normal continues.
Oil Down But Cautious Optimism Builds As Virus Restrictions Ease
Fri17Apr
Average very low sulfur fuel oil prices have dropped by $209.50/mt since the end of February as crude prices collapsed in the face of global supply not being cut fast enough to keep up with evaporating demand.
Freight Forwarders Warn BAFs May Be Being Used to Claw Back Revenues Lost to COVID-19
Fri17Apr
Several meetings scheduled to be held at the IMO's London headquarters over the past month have been postponed.
IMO Secretary General to Consider How to Hold Digital-Only Meetings
Fri17Apr
Fuel producer GoodFuels bunkered the dry bulk carrier M/V Trudy with its 'Bio-fuel oil MR1-100' product at Rotterdam on Friday.
Bulk Carrier Starts Biofuel Trial at Port of Rotterdam
Fri17Apr
"The decisions on the levels of the GHG strategy have already been made."
IMO Expects No Delay to 2023 GHG Strategy Review
Fri17Apr
On Thursday the organisation published a report titled "Setting the Course to Low Carbon Shipping" setting out its analysis of the decarbonisation agenda for shipping.
ABS Forecasts Oil-Based Bunkers Taking Up to 40% Market Share in 2050
Fri17Apr
Some FONARs filed so far this year explicitly mention non-availability of both 0.50%S and 0.10%S fuels. Others are more vague.
Trident Alliance Warns Shipowners Against FONAR Use Where MGO is Available
Thu16Apr
Meanwhile, the Dow shoots up over promising coronavirus treatment news.
Oil Steady Despite Bleak OPEC Demand Forecast and As Trump Unveils Back To Work Plans
Thu16Apr
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 9 – April 15, 2020.
Weekly Vessel Scrapping Report: 2020 Week 15
Thu16Apr
The 1.5 hour webinar will be titled "2020: IMO, COVID-19 & Principles of Risk Management" and will be held on May 12 at 2:30 PM London time.
LQM to Host Webinar on COVID-19 Effect on Bunker Market Volatility
Thu16Apr
The company has told some customers it will suspend marine fuel deliveries from as soon as Friday, according to Reuters.
Ocean Bunkering to Halt Singapore Bunker Supply: Reuters
Thu16Apr
Total throughput lost 9.3% from the same quarter of 2019 to 112.4 million mt.
Port of Rotterdam Throughput Loses 9.3% in First Quarter
Thu16Apr
The company made sales at 692 different ports in 2019, up from 601 the previous year.
Monjasa Sets Out Top Supply Ports for 2019
Thu16Apr
MSC is now reviewing its internal IT systems "both from a software and an infrastructure perspective" to prevent future attacks.
MSC Confirms Easter Outage Was Caused By Cyberattack
Wed15Apr
Meanwhile, the IEA says April will be remembered as "Black April" for the oil industry.
Crude Prices Mixed on Inventory Build as Czech, Denmark, and Other Countries Reopen Their Economies
Wed15Apr
Three bunker industry sources familiar with the Singapore market told Ship & Bunker that Ocean Bunkering's operations appeared to be continuing this week.
Singapore's Ocean Bunkering Still Operating Amid Hin Leong Uncertainty: Sources
Wed15Apr
Profit jumped to $26.5 million for 2019 from $5 million a year earlier.
Monjasa Reports Fivefold Increase in Profits Ahead of IMO 2020
Wed15Apr
As many as 10 banks have exposure to the firm, Bloomberg reported Wednesday.
Banks' Exposure to Hin Leong Totals at Least $3 Billion: Bloomberg