News Round Up 25 May 2020

News Round Up 25 May 2020

Lloyd’s Loading List: Freight market turbulence set to continue all year, says DSV chief

Freight markets will see significant turbulence in the coming months with volatile rate readjustments likely in the air and ocean sectors as coronavirus lockdowns are eased and demand slowly recovers, according to Jens Bjørn Andersen, CEO of DSV Panalpina.

https://www.lloydsloadinglist.com/freight-directory/news/Freight-market-turbulence-set-to-continue-all-year-says-DSV-chief/76612.htm

Bunkerspot: ASIA PACIFIC: Straits Inter Logistics records 159.3% surge in annual revenue

Announcing revenue of RM663.2 million for FY 2019, Malaysia’s Straits Inter Logistics attributed much of the rise to an increase in demand for high sulphur fuel oil and the start of VLSFO supply.

https://www.bunkerspot.com/asia/50556-asia-pacific-straits-inter-logistics-records-159-3-surge-in-annual-profits

Bunkerspot: EUROPE: ‘Varied picture’ for Port of Antwerp’s 2020 freight volumes

The coronavirus impacted on freight throughput at the Port of Antwerp in April, but volumes were still up 0.4% overall during the first four months of 2020 compared with the same period last year.

https://www.bunkerspot.com/news-archive?view=article&id=50561:europe-varied-picture-for-port-of-antwerp-s-2020-freight-volumes&catid=11

Bunkerspot: ASIA PACIFIC: New bunker tanker now operating in Fremantle

BP Marine and ASP Ships Group have announced that the Absolute I, a 8,646 DWT tanker capable of carrying three grades of fuel, is now making bunker deliveries in Fremantle, Kwinana and at the local anchorages.

The Absolute I, which was launched in October 2019 and delivered into Fremantle in April, replaces the smaller vessel Vacamonte. The tanker made its first bunker delivery to the bulk carrier ASL Fortune at the Fremantle/Kwinana anchorage on 23 April.

https://www.bunkerspot.com/news-archive?view=article&id=50530:asia-pacific-new-bunker-tanker-now-operating-in-fremantle&catid=10

Bunkerspot: GLOBAL: SEA\LNG issues response to Climate Bond Initiative’s Green Bond criteria

Highlighting marine LNG’s role as a ‘crucial tool’ in helping to achieve climate ambitions, the industry coalition says that the recently announced proposed criteria for Green Bond certification of low carbon shipping financing, ‘leans towards being technology prescriptive rather than goal oriented; a precarious strategic approach to a highly complex international challenge’.

https://www.bunkerspot.com/news-archive?view=article&id=50542:global-sea-lng-issues-response-to-climate-bond-initiative-s-green-bond-criteria&catid=14

Ship & bunker: Distillate Demand by 7% Over Year: IEA

The first quarter demand picture for refined oil products shows jet fuel losing the biggest chunk of compared to the same quarter last year.

https://shipandbunker.com/news/world/102661-distillate-demand-down-by-7-over-year-iea

Ship & bunker: Woodside Petroleum to Alter Vincent Crude to Target VLSFO Market

Australian energy company Woodside Petroleum plans to alter the quality of its Vincent crude oil to make it suitable as a blending component for very low sulfur fuel oil (VLSFO), according to news agency Reuters.

The company plans to shut off the Cimatti field in Western Australia to raise the average flash point of the Vincent blend, Reuters reported Thursday.

https://shipandbunker.com/news/apac/737931-woodside-petroleum-to-alter-vincent-crude-to-target-vlsfo-market

Ship & Bunker: Classification Societies Clash on 2050 Bunker Demand Outlook

Two leading classification societies, DNV and the American Bureau of Shipping (ABS), have come up with two starkly different visions for how bunker demand might develop in the coming decades – highlighting widespread uncertainty over how the alternative fuels landscape is set to develop.

https://shipandbunker.com/news/world/616381-classification-societies-clash-on-2050-bunker-demand-outlook

Ship & bunker: Rosneft Starts VLSFO Production at Syzran Refinery

Russian energy producer Rosneft has started production of very low sulfur fuel oil (VLSFO) at its Syzran refinery in the south-west of the country, the company said Thursday.

The company started production of the fuel in early 2020, it said in a statement on its website.

https://shipandbunker.com/news/world/703366-rosneft-starts-vlsfo-production-at-syzran-refinery

News Round Up 04 May

News Round Up 04 May

Lloyd’s Loading List: Lines under pressure to cut ‘obsolete’ low sulphur surcharges

The crash in crude oil prices and consequent severe reduction in bunker costs is increasing calls from customers for savings to be passed on by carriers

https://www.lloydsloadinglist.com/freight-directory/adviceandinsight/Lines-under-pressure-to-cut-%E2%80%98obsolete%E2%80%99-low-sulphur-surcharges/76448.htm#.Xq_hVM3gpLN

Bunkerspot: AMERICAS: Panama Canal bunker volumes hold steady in March

New statistics published by the Panama Canal Authority (AMP) show a small monthly rise in total bunker sales, from 442,886 metric tonnes (mt) in February to 448,093 mt in March; there were increases in very low sulphur fuel oil and marine diesel oil volumes, but a dip in demand for high sulphur fuel oil.

https://www.bunkerspot.com/americas/50410-americas-panama-canal-bunker-volumes-hold-steady-in-march

VPO Global: LUKOIL shares lubricant experience 

LUKOIL Marine Lubricants has shared its experience of operating with NAVIGO MCL Extra (40BN) with very low sulphur fuel oil (VLSFO) for 100 days.

https://vpoglobal.com/2020/05/01/lukoil-shares-lubricant-experience-after-100-days-of-operation-on-vlsfo/

Bunkerspot: WFS sees 68% Q1 profit surge for bunker segment on lower volumes

World Fuel Services’ marine fuel business held up well in Q1 2020, showing a good degree of resilience amid the current market turmoil, but marine profits are expected to be ‘more meaningfully impacted’ in Q2 by the oil price slump and the coronavirus pandemic.

https://www.bunkerspot.com/news-archive?view=article&id=50422:global-wfs-sees-68-q1-profit-surge-for-bunker-segment-on-lower-volumes&catid=14

Bunkerspot: Rotterdam’s Q1 bunker volumes show solid upswing

In spite of falling global bunker demand in the first three months of the year due to the major slowdown in world trade flows as a result of coronavirus, Q1 2020 bunker volumes at the Port of Rotterdam showed a quarter-on-quarter gain to reach 2.37 million cubic metres (cbm) – the highest quarterly total since Q1 2018.

https://www.bunkerspot.com/news-archive?view=article&id=50415:europe-rotterdam-s-q1-bunker-volumes-show-solid-upswing&catid=11

Bunkerspot: Panama bunker volumes hold steady in March

New statistics published by the Panama Maritime Authority (AMP) show a small monthly rise in total bunker sales, from 442,886 metric tonnes (mt) in February to 448,093 mt in March; there were increases in very low sulphur fuel oil (VLSFO) and marine diesel oil (MDO) volumes, but a dip in demand for high sulphur fuel oil (HSFO).

https://www.bunkerspot.com/news-archive?view=article&id=50410:americas-panama-canal-bunker-volumes-hold-steady-in-march&catid=9

Bunkerspot: Lindsay-Blee and Master Fuel sign Colombia marketing and distribution deal

Lindsay‐Blee will exclusively market, sell and distribute marine fuel products in Colombia in partnership with Master Fuel SAS, including very low sulphur fuel oil (VLSFO), high sulphur fuel oil (HSFO) 380 cSt, and 0.10% sulphur marine gasoil (MGO).

https://www.bunkerspot.com/news-archive?view=article&id=50405:americas-lindsay-blee-and-master-fuel-sign-colombia-marketing-and-distribution-deal&catid=9

Bunkerspot: VPS highlights marine fuel storage monitoring service

The COVID-19 pandemic has reduced marine fuel demand which can result in extended bunker storage periods and heighten the risk of fuel quality deterioration.

Fuel testing agency VPS has pointed out that although longer-term storage of marine fuels is possible, it can increase the risk of fuel quality issues arising from temperature, stratification, fuel stability, catfine settling, waxing and microbial growth.

‘Heavy Fuel Oil (HFO), Very Low Sulphur Fuel Oil (VLSFO), Ultra Low Sulphur Fuel Oil (ULSFO) and Marine Gas Oil (MGO), all have different properties and formulations, which can be negatively affected due to longer-term storage,’ says VPS.

https://www.bunkerspot.com/news-archive?view=article&id=50398:global-vps-highlights-marine-fuel-storage-monitoring-service&catid=14

Splash 247: Aussies detain bulk carrier found to be carrying high sulphur fuel

The African Heron, a four-year-old 34,387 dwt bulk carrier belonging to the Amsterdam-based MUR Shipping, was detained in Geelong, Australia on Friday, found to be carrying fuel with Sulphur content above 0.5%.

https://splash247.com/aussies-detain-bulk-carrier-found-to-be-carrying-high-sulphur-fuel/

Ship and Bunker: IBIA, UK Chamber of Shipping Plan Autumn Bunker Event

Bunker Industry association International Bunker Industry Association (IBIA) and the UK Chamber of Shipping have teamed up to host a bunker conference in London in September.

The event, on September 29, will provide “a forum for advanced dialogue and exchange of experiences related to marine fuels, the implementation of the 2020 Sulphur Cap, safety implications, the market landscape and new advanced fuel products”, according to the organisers.

An agenda will released nearer the time and sponsorship deals are available.

https://shipandbunker.com/news/world/431581-ibia-uk-chamber-of-shipping-plan-autumn-bunker-event

Ship and Bunker: Chinese Ports Record Rising Bunker Spot Sales

Bunker sales at the Chinese port of Zhoushan rose by 25% to reach 348,500 metric tonnes (mt) in March from the previous month.

Spot Sales of low-sulphur bunker volumes in the port as reported to price reporting agency Argus Media were at a record high of nearly 49,000 mt in March, according to the agency.

https://shipandbunker.com/news/apac/663372-chinese-ports-record-rising-bunker-spot-sales