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Fuel markets show recovery signs amid fears of a second pandemic wave

Despite fears of a second wave of Covid-19, fuel markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten. MABUX...

A second coronavirus wave could demolish fuel prices

A feared second wave of coronavirus infections may have arrived, according to MABUX, with cases rising in many parts of the US, while exploding...

Narrow spreads stall scrubber retrofits

Last week bunker prices continued to rise slightly. MABUX Global Bunker Index for 380 HSFO rose from US$274/tonne on 4 June up to US$287/tonne...

Index shows bunker prices steadily increasing

With crude oil prices steadily climbing in price after the April shocks the bunker fuel prices have, as expected, followed suit and have edged...

Testing group says VLSFO non-compliance declining

Veritas Petroleum Services (VPS) group commercial business development manager Steve Bee has said that the number of fuels that are non-compliant with the sulphur...

Sinopec sees increased bunker sales in China

Domestic very low sulphur fuel oil (VLSFO) production has seen growth in China leading to increased bunker sales by the leading supplier Sinopec at...

EU funds renewable fuels research project

A consortium led by the Eindhoven University of Technology (TU/e) known as IDEALFUEL will develop new, efficient and low-cost methods of producing low-sulphur heavy...

Lytton refinery shutdowns due to poor fuels demand

Caltex Australia has shutdown the Lytton refinery in Brisbane, according to Ship&Bunker. The Australian refinery will remain closed until market conditions improve. Caltex had...

VLSFO price hits record low

The cost of VLSFO bunkers in the four main bunkering hubs of Singapore, Fujairah, Rotterdam, and Houston has continued to fall, hitting a record...

MABUX bunker index – 8 April

Global fuel prices continue to fluctuate among the key regions today, as uncertainty caused by the Coronavirus has made the market difficult to predict. Although...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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