Asia/Pacific News

May, 2020
Date	Headline	Image
Fri29May	Indian Bunker Suppliers Lower Prices to Take On Sri Lanka 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.
Fri29May	Shanghai Exchange to Test VLSFO Futures Trading Next Month The contract will be for 10 mt lots with physical settlement, denominated in RMB.
Thu28May	SDE International Sees Singapore's 2020 Bunker Demand Holding Steady In January-April of this year sales were 6.6% higher than in the same period a year earlier.
Wed27May	Singapore Bunker Margins Post Small Rally on Signs of Increased Demand 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.
Mon25May	Chinese Fuel Oil Output Surged in April Fuel oil output gained 68% on the year to hit 3.09 million mt in April.
Mon25May	K Line Renews Push for Wind Propulsion in Decarbonisation Efforts 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.
Fri22May	Woodside Petroleum to Alter Vincent Crude to Target VLSFO Market The company plans to shut off the Cimatti field in Western Australia to raise the average flash point of the Vincent blend.
Fri22May	Straits Inter Logistics Revenue Almost Triples From Bunker Expansion Revenue from oil trading and bunkering jumped to 659 million ringgit ($151 million) in 2019, up from 256 million ringgit a year earlier.
Fri22May	Japan's Defense Ministry Orders Bunker Tankers The shipyard will build two 4,900 deadweight tonne (DWT) barges for delivery in April and June 2022.
Thu21May	Sinopec's Chinese Bunker Sales Head for 4.8 Million MT/Year 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.

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28May

1New Bunker Supplier TFG Marine Made Estimated $4 Million Profit in Q1

The IMO 2020 transition appears to have led to early profits for the newly-formed company.
27May

2Brokerage NSI Hires US Managing Director

NSI is seeking to expand its presence in the US market.
25May

3State of the Industry: Bunker Suppliers, Ship Owners in for Harder Times

Ship & Bunker's complimentary two-hour online event will be held on May 26 at 11 AM CET / 10 AM London / 5pm Singapore time.
26May

4IBIA Seeks to Develop Bunker Licensing Scheme at Ports Worldwide

The ports of Amsterdam, Rotterdam and Antwerp plan to introduce such a scheme by the start of 2022, following the example set by the Maritime and Port Authority (MPA) in Singapore.
27May

5VPS Reports Sharp Decline in Non-Compliant VLSFO Samples

In March and April this year, just 1.1% of the VLSFO samples tested by VPS had sulfur content above 0.50%.
28May

6Weekly Vessel Scrapping Report: 2020 Week 21

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from May 21 – May 27, 2020.
28May

7Oil Rises, But Wreckage Caused By Government-Imposed Lockdowns Still A Major Hurdle

Chevron, other firms announce more layoffs.
26May

8Rotterdam Bunker Prices Climb to Two-Month High

The VLSFO price at the Dutch port gained $14.50/mt to $255/mt Monday, the highest level since March 16.
28May

9Argentinian Bunker Sales Gained 70% in First Quarter

Total sales rose to 502,815 mt in the first quarter of 2020, up from 296,320 mt a year earlier.
27May

10Oil Down on Geopolitical Tension But Recovery From Virus Lockdowns Still Strong

Meanwhile, Morgan Stanley raises its Brent forecast.

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