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Non-Scrubber VLCC Spot Rates Hit Record Low
Jul 19, 2021 ... began tracking them in 2000. "Undoubtedly, the exceptional weakness in the VLCC market is almost entirely due to fundamentals," Gibsons said. "According to Kpler, during the 1st half of ...
Covid Fears Cause Biggest Weekly Crude Decline Since March
Jul 16, 2021 ... session, both benchmarks were down over $1 a barrel, and despite the small gains Brent fell almost 3 percent for the week (WTI fell almost 4 percent this week). Also dragging on the market ...
Hong Kong's May Fuel Oil Imports Nearly Double on Month
Jul 16, 2021 ... of fuel oil to Hong Kong almost doubled in May from the previous month ahead of its authorities easing restrictions on bunkering there. Fuel oil imports totalled 604.7 million litres in ...
Roller Coaster Crude Market Dips Again On Demand, Glut Fears
Jul 15, 2021 ... roller coaster crude trading market dipped on Thursday less than a day after it reported gains of almost 2 percent, as traders resumed their worries over a glut of supply and the notion that demand ...
OPEC Reaching Output Deal Fails To Impress Traders, Oil Drops Nearly 2%
Jul 14, 2021 ... for a 1.8 million-barrel drop. Bloomberg on Wednesday noted that oil demand overall has indeed almost recovered but is different than prior to the pandemic: the news outlet pointed out that ...
Oil Prices Reverse Course, Surge On Expectations Of Tight Market And High Demand
Jul 13, 2021 ... OPEC's plan to increase oil production by around 400,000 barrels per day (bpd) in monthly instalments from August until the remaining supply cuts were unwound. Ed Morse, head of commodities ...
Russia's Lukoil Hires Americas Fuel Oil Trading Manager From Maersk
Jul 13, 2021 ... a fuel oil and vacuum gasoil trading manager in the Americas from Maersk Oil Trading. Marc Holm joined Lukoil in Houston as Americas trading manager for the two products as of this month, ...
IEA Sees LNG Bunker Demand Triple in Four Years
Jul 7, 2021 ... Gas Market Report, released this week. The report suggests LNG bunker demand could reach almost 7 bcm by 2024, triple the level seen in 2020. "The fleet of LNG-propelled vessels ...
IBIA: Your Voice at the IMO
Jun 28, 2021 ... being active at the IMO, the development of regulations that affect our industry would be left almost entirely to IMO Member States and the large number of shipping organisations and associated ...
Oil Marks Fifth Straight Week Of Gains As Analysts Focus On OPEC Meeting
Jun 25, 2021 ... he wrote, "Global consumption will have bounced back in less than two years, after falling by almost 20 percent or 20 million barrels per day at the worst point of the epidemic and lockdowns in ...
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Norden Lifts Biofuel for the First Time in the US

Norden Lifts Biofuel for the First Time in the US

The firm bunkered B24-VLSFO at the Port of Houston in Texas.

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GCMD and ADB Partner to Tackle Maritime Emissions Through Green Finance

GCMD and ADB Partner to Tackle Maritime Emissions Through Green Finance

This marked GCMD's first partnership with a multilateral development bank.

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