May, 2020
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Over the past two weeks the discount for very low sulfur fuel oil at Mumbai to Colombo's levels has widened by $21/mt, reaching $42/mt on Thursday, according to Ship & Bunker pricing.
Indian Bunker Suppliers Lower Prices to Take On Sri Lanka
The contract will be for 10 mt lots with physical settlement, denominated in RMB.
Shanghai Exchange to Test VLSFO Futures Trading Next Month
In January-April of this year sales were 6.6% higher than in the same period a year earlier.
SDE International Sees Singapore's 2020 Bunker Demand Holding Steady
The premium for very low sulfur fuel oil (VLSFO) delivered in Singapore over local cargo prices gained $3.18/mt to $14.57/mt in the week to Friday.
Singapore Bunker Margins Post Small Rally on Signs of Increased Demand
Fuel oil output gained 68% on the year to hit 3.09 million mt in April.
Chinese Fuel Oil Output Surged in April
Firm said to be sending a clear message to the industry and policy makers that wind propulsion is a credible, viable and increasingly attractive solution.
K Line Renews Push for Wind Propulsion in Decarbonisation Efforts
The company plans to shut off the Cimatti field in Western Australia to raise the average flash point of the Vincent blend.
Woodside Petroleum to Alter Vincent Crude to Target VLSFO Market
Revenue from oil trading and bunkering jumped to 659 million ringgit ($151 million) in 2019, up from 256 million ringgit a year earlier.
Straits Inter Logistics Revenue Almost Triples From Bunker Expansion
The shipyard will build two 4,900 deadweight tonne (DWT) barges for delivery in April and June 2022.
Japan's Defense Ministry Orders Bunker Tankers
China has applied a long-awaited rebate on value added tax on fuel oil from February this year, incentivising domestic refiners to produce VLSFO in large quantities.
Sinopec's Chinese Bunker Sales Head for 4.8 Million MT/Year