May, 2020
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But analysts warn that demand recovery will still be long and painful.
Record Monthly Gains For Crude As Demand Continues To Grow Worldwide
Integr8 is now allowing a lead time of around 8.5 days on average for VLSFO stems, down from 10 days at the start of the year but still much higher than the 5-6 days needed for high sulfur fuel oil (HSFO) in the past.
Less Advance Warning Needed for Spot Bunker Sales as VLSFO Availability Improves: Integr8
One of the bigger scrubber advocates prior to 2020 has managed to avoid much of the financial impact of narrowing fuel price spreads this year through hedging.
Star Bulk Sees Gains From Scrubber Spread Hedging
Rodgers has been appointed as a non-executive director.
Former Euronav CEO Paddy Rodgers Joins V.Group Board
The IMO 2020 transition appears to have led to early profits for the newly-formed company.
New Bunker Supplier TFG Marine Made Estimated $4 Million Profit in Q1
The company will aim to address how lubricants may need to change as the shipping industry shifts to lower-carbon fuels.
Additive Company Lubrizol Joins Getting to Zero Coalition
Meanwhile, Morgan Stanley raises its Brent forecast.
Oil Down on Geopolitical Tension But Recovery From Virus Lockdowns Still Strong
In March and April this year, just 1.1% of the VLSFO samples tested by VPS had sulfur content above 0.50%.
VPS Reports Sharp Decline in Non-Compliant VLSFO Samples
The company now has 23 Capesize vessels with scrubbers installed.
Shipping Company Golden Ocean Completes Scrubber Installation Programme
Meanwhile, IEA predicts crude demand won't peak until 2030.
Surging Demand, Economic Rebound Sends Crude Prices Up Yet Again