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World Fuel Services Sees 40% Bunkering Profit Drop in Third Quarter
WFS's marine profits have dropped sharply this year from the $59.3 million seen in the first quarter, the highest quarterly gross profit in more than five years.
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30OctBut KAPSARC is optimistic about 2021 economic recovery and $65 oil. Read in Full
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30OctThe emissions savings delivered by these vessels would make them eligible for preferable asset financing versus conventionally fuelled ships for as much as eight years. Read in Full
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30OctThe committee has voted to call for the European Commission to propose a "phase-out and ban on the use of open-loop scrubbers as soon as possible." Read in Full
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30OctDuring O'Neil's tenure the organisation worked on new measures on maritime security and piracy. Read in Full
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30OctShip controlled by Greek interests. Read in Full
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30OctThe ABS white paper sets out information for shipowners considering ammonia as a possible future fuel. Read in Full
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30OctThe deal, signed on October 22, will allow Wärtsilä to offer Anemoi's rotor sales from its propulsion business. Read in Full
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30OctWith its carbon neutral fuel programme, WFS bundles marine fuel sales to yacht customers with carbon offsets. Read in Full
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29OctBut Equinor's CEO rejects $40 oil as the new normal. Read in Full
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29OctHave you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from October 22 – October 28, 2020. Read in Full
Latest Bunker Prices See All Bunker Prices
| VLSFO | MGO | IFO380 | ||||
|---|---|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | $/mt | +/- | |
| Global 4 Ports Average | 307.00 | 4.50 | 361.00 | 3.50 | 258.50 | 3.00 |
| Global 20 Ports Average | 324.00 | 3.00 | 378.50 | 3.50 | 275.50 | 5.00 |
| Global Average Bunker Price | 347.00 | 2.50 | 445.50 | 2.50 | 303.00 | 5.50 |
| Singapore | 318.00 | 2.00 | 331.50 | 4.00 | 269.50 | 7.50 |
| Rotterdam | 294.00 | 2.00 | 326.00 | 3.50 | 252.50 | 1.50 |
| Fujairah | 328.50 | 3.50 | 433.50 | 2.50 | 261.00 | 5.00 |
| Houston | 287.50 | 10.00 | 352.50 | 4.50 | 251.00 | 2.00 |
| Busan |
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| Colombo |
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| Durban |
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| Gibraltar | 306.50 | 2.00 | - | 286.00 | 8.00 | |
| Hong Kong | 309.00 | 0.50 | 323.00 | 7.00 | 271.50 | 4.00 |
| Istanbul | 323.00 | 4.00 | 367.50 | 11.00 | 292.50 | 10.00 |
| LA / LB | 336.00 | 7.00 | 408.50 | 4.00 | 277.50 | 1.50 |
| Las Palmas |
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| Mumbai |
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| New York | 318.50 | 8.00 | 353.50 | 0.00 | 268.00 | 0.50 |
| Cristobal, Panama |
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| Piraeus | 314.50 | 6.00 | 345.00 | 4.00 | 279.00 | 8.00 |
| Santos | 311.00 | 2.00 | 415.00 | 3.00 | - | |
| Shanghai |
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| St Petersburg |
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| Tokyo |
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Top Bunker Prices All Prices
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Oct 29Hoyer Marine Trading GmbH will start trading on November 1. -
Oct 30WFS's marine profits have dropped sharply this year from the $59.3 million seen in the first quarter, the highest quarterly gross profit in more than five years. -
Oct 29Sale of GP Global terminal ongoing, holding sizeable fuel oil stocks.
IBIA Annual Convention
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Oct 28All four vessels are due for delivery in 2023. -
Oct 26Seven people were detained on Sunday evening after stowaways on board the LR1 tanker Nave Andromeda became violent. -
Oct 12But land-based infrastructure is lagging behind. -
Oct 08"It's all about finding the carbon-neutral fuel that can be scaled at the right price, and that we can transition with fast enough." -
Oct 08EMEA credit and risk panellists to take bunker market's temperature at next month's IBIA Convention. -
Oct 02Probunkers sees a general consensus that LNG bunker demand will grow to 8-12 million mt/year by 2025.