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.
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.
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.
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.
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’.
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.
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.
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.
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.