Freight News

Aug 14 - Singapore July bunker fuel sales rise 8.58% on month to 4.16 million mt
"We saw more inquiries in the last two weeks of July as buyers were afraid that crude oil prices would continue to increase," a trader said.

Aug 14 - India's container space tightness seen easing in Sep as imports recover after lockdown
September's available container capacity is expected to rise 7% on year, snapping six straight months of lower-than-usual capacities, eeSea said.

Aug 14 - Eastward exports of low and very low sulfur fuel oil plummet in July
In July, no LSFO/VLSFO traveled to Malaysia from Europe, after 1.72 million barrels, or 29% of exports, made the voyage in June.

Aug 14 - S Korea marine fuel 0.5%S differential flips to premium on supply cuts
The differential was last at a premium of $7.80/mt on May 26, Platts data showed.

Aug 13 - Australia's Port Hedland iron ore exports to China fall 17.5% in July 
Australia's iron ore shipments to China from the hub of Port Hedland fell 17.5% to 38.1 million tonnes in July from the previous month, data from the Pilbara Ports Authority showed on Thursday. Exports were down from 46.2 million tonnes in June, the data showed.

Aug 13 - EU re-introduces maize import tariff with 5.48 euro/T levy
The European Union has re-introduced an import duty for maize (corn), setting a levy of 5.48 euros ($6.42) per tonne, the bloc announced in its official journal on Wednesday. The tariff, effective as of Wednesday, will also apply to rye and sorghum imports.

Aug 13 - Paraguayan grains barges freed to navigate thanks to water release from dams
More than a hundred barges with 115,000 tonnes of Paraguayan grains began to sail to ports in the region on Tuesday, thanks to a discharge of water from the Itaipu and Yacyreta dams that raised the height of the Parana River, the government said. The Parana is the region's key commodities superhighway used to send soy and other farm products to export hubs. But the waterway has suffered unusually low water levels in 2020 due to dryness in Paraguay, southern Brazil and Argentina.

Aug 13 - China soybean imports rise 18% through July as Brazilian cargoes arrive 
China's soybean imports rose 18% this year through July versus a year ago, as large volumes of soybeans bought cheaply from top supplier Brazil arrived in the country, according to data from the General Administration of Customs. China, the world's biggest buyer of soybeans, brought in 10.09 million tonnes of beans last month, up from 8.63 million tonnes in July 2019 but below June's record 11.16 million tonnes, the customs data showed.

 
Aug 13 - China's steel body expects iron ore port congestion to ease by end of August
The China Iron and Steel Association (CISA) said on Tuesday that iron ore discharging difficulties and port congestion issues are likely to ease in mid- or late-August as the weather improves and the coronavirus is under control. The number of iron ore vessels stuck at ports has increased recently due to inclement weather conditions, restrictions to contain the pandemic and ships arriving at the same time, according to the CISA, disrupting flows of the key steelmaking ingredient.

Aug 13 - Argentina may extend COVID-19 lockdown in latest setback for oil output
YPF, the country's biggest oil producer and refiner, saw its refinery utilization rate plummet to a low of 47% in April.

Aug 13 - Fujairah Data: Oil Products stocks dip for seventh consecutive week

Stockpiles are now the lowest since April 20 and have declined 21% from the all-time high of 30.71 million barrels on June 1.

Aug 13 - Brazil's Petrobras sets low-sulfur diesel sales record in July
Petrobras sold 1.78 million cubic meters of low-sulfur diesel in July.

Aug 13 - Singapore's MPA launches next-generation patrol crafts amid continued vigil
MPA has also deployed two new patrol launches for flag and port state control inspections.

Aug 08 - Med/NWE diesel cargo premium narrows as Med tightness eases
The Mediterranean-Northwest Europe ultra low sulfur diesel cargo spread has weakened amid slightly stronger resupply levels into Europe, despite firm demand in the east Mediterranean.

Aug 08 - Marine fuel 0.5%S prices in Argentina hit highest level since March
Marine fuel 0.5%S in Argentina reached Aug. 6 its highest value since mid-March amid supply constraints and the recent rise in prices in Brazil.

Aug 08 - ARA fuel oil stocks up 8% on week to 1.356 mil mt - Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub rose 8% to 1.356 million mt in the week to Aug. 6, according to data from Insights Global, as the market grappled with weak demand amid the summer lull.

Aug 08 - India container freight surges by up to 67% on acute space shortage

Container freight rates for sailings out of India have surged by up to 67% over the past month due to shortages in inventory and available space, market sources said.

Aug 06 - After blast, Lebanon has less than a month's grain reserves 
Lebanon's main grain silo at Beirut port was destroyed in a blast, leaving the nation with less than a month's reserves of the grain but enough flour to avoid a crisis, the economy minister said on Wednesday. Raoul Nehme told Reuters a day after Tuesday's devastating explosion that Lebanon needed reserves for at least three months to ensure food security and was looking at other storage areas.

 
Aug 06 - Shipping's share of global carbon emissions increases 
Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, a study released on Tuesday showed, amid growing pressure on the industry to bring levels down. About 90% of world trade is transported by sea and UN shipping agency - the IMO - aims to reduce the industry’s overall greenhouse gas emissions by 50% from 2008 levels by 2050.

 
Aug 06 - Indonesia eyes Vietnam as it seeks to diversify thermal coal exports 
Indonesia, the world's top exporter of thermal coal, is stepping up efforts to diversify sales of the fuel as shipments to top buyer India slump and with exports to China poised to slow. Indonesia is using diplomatic channels to promote sales around the region, from Vietnam to Pakistan and Bangladesh, a government spokesman said, as it seeks to offset a fall in annual exports and a global shift towards cleaner energy.

 
Aug 06 - Egypt's GASC buys 410,000 tonnes of wheat for September shipment 
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) said on Wednesday that it bought 410,000 tonnes of wheat in an international tender for shipment periods in September. GASC said it bought 120,000 tonnes of Russian wheat for shipment Sept. 11-20 and 290,000 tonnes of Russian and Ukrainian wheat for shipment Sept. 21-30.

Aug 06 - Grounded passenger flights boost Japan NYK's Apr-Jun air cargo demand by 63% on year
Japan's Nippon Yusen Kabushiki Kaisha or NYK Line's revenue from air cargo transportation surged 62.8% year on year to Yen 28.8 billion ($272.4 million) over April-June, the company said August 5, as the transportation of goods via passenger flights plunged due to pandemic-led restrictions on international travel.

Aug 06 - Overall shipping emissions in 2050 could surpass 2008 levels - IMO study
Overall emissions from shipping in 2050 could equal or surpass 2008 levels as shipping demand outstrips energy efficiencies, according to the International Maritime Organization's Fourth Greenhouse Gas Study 2020.

Aug 06 - Low sulfur bunker fuel gap widens at Rotterdam
The pricing gap between 0.1%S marine gasoil and 0.5%S marine fuel -- both IMO 2020-compliant fuels -- has widened again at Rotterdam after the start of IMO's sulfur cap rule earlier this year saw the two come almost within touching distance of each other.

Aug 06 - Russia's H1 seaborne LPG exports plunge 42% on higher domestic appetite, OPEC cuts
Russia's seaborne LPG exports slumped 42% on the year to 1 million mt, largely due to increased consumption from the domestic petrochemical sector and lower production following OPEC+ cuts, Grieg shipbroker said in a report dated Aug. 4.

Aug 06 - Open interest for Singapore MF 0.5%S Aug contract on ICE drops 29%
Open interest for the August Singapore Marine Fuel 0.5%S contract fell 29% on the month in July, data from the Intercontinental Exchange showed Aug. 4, even as the market showed strength throughout the month and the August/September swaps spread flipped from a contango to backwardation.

Aug 05 - Slow French wheat exports lag China-fuelled barley shipments in July 
French soft wheat shipments outside the EU fell to their lowest in at least a decade for July as activity eased after a record 2019/20 season, with wheat volumes lagging brisk barley exports to China, Refinitiv data showed. Soft wheat exports to destinations outside the European Union totalled 432,000 tonnes in July, the first month of the 2020/21 season, an initial estimate based on Refinitiv loading data showed.

Aug 05 - S Korea allows private companies to launch LNG bunkering business
South Korea has eased regulations to allow local private companies to launch LNG bunkering businesses and compete with state-run Korea Gas Corp., boosting prospects for LNG as a marine fuel as stricter environmental rules in international shipping gain traction.

Aug 05 - MARINE FUEL 0.5%S: Global marine fuel supplies still holding back price recovery

Global marine fuel 0.5%S prices improved in July, though demand still was below normal levels. Market sentiment was overall more positive than in June, though fundamentals of oversupply and slow demand resulted in a short-term bearish outlook for much of the globe.

Aug 04 - June fuel oil imports surge 20% on month on post-lockdown demand
India's fuel oil imports in June registered a 20% increase from May at 590,000 mt as domestic demand returned following the nationwide lockdown, according to data from the country's Petroleum Planning and Analysis Cell published August 1.

Aug 04 - EMEA light ends: Key market indicators this week
The European light ends complex has continued to weaken largely on a bearish demand outlook.

Aug 04 - Asia residue fuel market - Key market indicators this week
Strong sales in the Singapore low sulfur bunker fuel market seen in the week ended July 30 are likely to continue into first-half August, according to bunker suppliers, as margins inch higher on the back of tightening supply in August.

Aug 04 - Indonesia to mix coal-based DME, LPG as cooking fuel to lower LPG imports
In an attempt to reduce Indonesia's dependence on imported LPG, the government seeks to mix coal-based dimethyl ether, or DME, and liquefied petroleum gas for use as cooking fuel, the Jakarta Post said recently, citing Ministry of Energy and Mineral Resources officials.

Aug 04 - Asia middle distillates - Key market indicators this week
Demand concerns are expected to take center stage in the Asian middle distillates complex as a resurgence of coronavirus infections around the region is expected to suppress buying appetites, exerting downward pressure on sentiment. Persistent supply tightness, however, is likely to provide a floor for prices, industry sources said Aug. 3.

Aug 04 - ICE LSGO futures net speculative length slips back from 6-month high
Speculative net long positions in ICE low sulfur gasoil futures fell 7,091 contracts to 59,189 in the week to July 28, according to ICE data, down from the six-month high reached the previous week.

Aug 04 - Europe middle distillates: Key market indicators this week
ICE low sulfur gasoil futures fell on the week, with the front-month ICE LSGO futures contract at $365/mt on July 31, down from $374.75/mt a week earlier.

Aug 04 - NWE distillate MOC physical cargo volumes hit 2020 low in July
In the Platts Market on Close assessment process in July, 405,000 mt of distillates products traded across the jet fuel, gasoil and diesel cargo markets in Northwest Europe, down 318,000 mt from June and the lowest volume traded in the process since December when 207,000 mt traded.

Aug 04 - Hurricane Isaias projected to strafe eastern side of Florida over the weekend

In a late July 31 advisory, the National Oceanic and Atmospheric Administration's National Hurricane Center said heavy rains associated with Hurricane Isaias could begin to affect south and east central Florida late Friday night and the eastern Carolinas by early next week, potentially resulting in isolated flash flooding.

Aug 01 - ARA fuel oil stocks fall 14% on week to 1.255 mil mt - Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub fell 13.8% to 1.255 million mt in the week to July 30, according to data from Insights Global, despite market sources citing poor demand during the week.

Aug 01 - Japan's cargo ship, oil tanker volume drops to record low in May amid COVID-19
Japan's total volume of domestic cargo ship transports plunged 26% on the year to 12.798 million mt, or 94,702,189 barrels, in May, which is the lowest volume since the Japan Federation of Coastal Shipping Associations started the survey.

Aug 01 - Energy services group WFS sees Q2 fuel sales volumes fall 22% on year
Energy services company World Fuel Services saw its total sales volumes of land, aviation and marine fuel in Q2 fall 21.7% to 1.056 billion gallons, the company reported June 30.

Aug 01 - Saudi Arabia's HSFO demand increases pressure on tight supply in Europe
Strong demand for high sulfur fuel oil from Saudi Arabia has increased pressure on the European 3.5%S fuel oil market as it readjusts to the realities of coronavirus and life post-IMO 2020.

Jul 31 - Finland's Gasum performs Germany's first truck-to-ship LNG bunker operation
Finland's Gasum has completed the first truck-to-ship LNG bunker operation in Germany, it said July 29.

Jul 31 - Singapore marine fuel 0.5%S timespread, cash differentials at 5-month highs as cargo inflow falls
Singapore Marine Fuel 0.5%S timespreads and cash differentials hit five-month highs July 29 amid widespread expectations the inflow of Western arbitrage cargoes into Asia will fall in August.

Jul 31 - South Korea's Hyundai Oilbank imports rare August LSFO cargo as South Korean refiners maintain lower LSFO production
South Korean refiner Hyundai Oilbank, which reduced low sulfur fuel oil production in late Q2 amid weaker margins, is importing a cargo of IMO-compliant fuel in early August, according to a company source.

Jul 31 - LSSR relies on bunker demand
- sources
Low sulfur straight run has become increasingly reliant on demand from the bunker pool in the last couple of months, as weakness in refining margins have made the product unattractive as a feedstock for light products blending, sources said.

Jul 31 - Magellan projects relatively flat refined products demand through end of 2020

Magellan Midstream Partners said July 30 it expects refined products demand to remain relatively flat through the rest of the year, with only a small uptick seen in gasoline.

Jul 31 - China's H1 grain imports spike, on path to use up annual quotas 
China has accelerated grains buying from abroad in the first half of 2020 and may fully use up its annual quotas for corn and wheat imports for the first time ever, traders and analysts said this week. China, the world's top agricultural market, imported 3.66 million tonnes of corn from January to June, 51% of its annual quota for the grain set at 7.2 million tonnes, according to customs data released on Thursday. Wheat imports came at 3.35 million tonnes, 35% of its yearly quota at 9.64 million tonnes, the data showed.

 
Jul 31 - Global port operator DP World says outlook uncertain as Q2 volumes fall 
Global port operator DP World recorded a fall of 8.8% in second quarter container volumes, warning on Monday the outlook remained uncertain. The coronavirus pandemic shut cities and factories worldwide for months, disrupting shipments and global supply chains, while some cities are now reintroducing curbs after a recent rise in infections.

 
Jul 31 - Australia's Fortescue posts record iron ore shipments, beats full-year forecast 
Miner Fortescue Metals Group on Thursday beat its full-year iron ore estimates with record shipments in the fourth quarter on the back of strong demand for the steel-making ingredient from China. Resurgent demand for iron ore from the world's biggest importer of the raw material has buoyed prices that have far outperformed other commodities, even as much of the rest of the world is still gripped by the coronavirus pandemic.

 
Jul 31 - China's soybean imports from Brazil rise to record in June 
China's soybean imports in June from top supplier Brazil soared to a record high, according to customs data released on Sunday, driven by growing demand for soybeans as China's pig herd recovers after deadly outbreaks of African swine fever. The world's top soybean buyer brought in 10.51 million tonnes of the oilseed from the South American country in June, up 91% from 5.5 million tonnes in the previous year, data from the General Administration of Customs showed. The June figures were also up 18.6% from May imports from Brazil at 8.86 million tonnes.

Jul 30 - Fujairah Oil product stocks grow for first time in five weeks
Refined oil product stockpiles at Fujairah snapped the longest decline in a year, with rises in heavy and middle distillates in the latest week more than making up for a drop in gasoline and other light distillates.

Jul 30 - Indian June cargo traffic falls 14.5% on year
Of India's 12 major ports, all except two recorded a decline in cargo handled last month.

Jul 30 - Clean tanker demand showing signs of strength for winter - Ardmore
Ardmore announced an average TCE rate of $21,256/day for Q2 compared to the $19,307/day average during Q1.

Jul 30 - Thailand's PTTGC offers IMO-compliant fuel oil for Aug 27-29
he company last sold 60,000 mt of IMO-compliant fuel oil with minimum 100 CST viscosity for August 13-15 loading from its Map Ta Phut refinery at a discount of around $45-$49/mt to MOPS 10 ppm gasoil assessments to an unknown buyer, market sources said.

Jul 30 - Gazpromneft Marine Bunker sees future for LNG rather than HSFO
Russia's Gazpromneft Marine Bunker, the marine fuel arm of Gazprom Neft, sees the appeal of exhaust gas cleaning systems, or scrubbers, and therefore 3.5%S fuel oil, dwindling and is focusing on developing LNG as a bunker fuel for the future.

Jul 30 - Asian HSFO struggles to woo medium sulfur fuel oil despite price surge - traders
Despite firm values of high sulfur fuel oil in Asia, medium sulfur fuel oil is still heading to the low sulfur fuel oil pool on account of lower conversion costs, adding to market glut, traders told S&P Global Platts in the week of July 26.

Jul 30 - Falling Rhine levels could cut middle distillate barge demand further
"If barges are forced to part-load then demand will shrink even more," a trader said.

Jul 29 - Hong Kong's new 14-day crew quarantine rule to impact ship, bunker markets - traders
Suppliers in Hong Kong said they had received requests to cancel bunkering stems or move forward deliveries to July 28.

Jul 29 - China June LNG imports surge 29%, US volumes hit 25-month high

"Many Chinese LNG importers were expected to have been keen on buying lower-priced cargoes in the past months," a source said.

Jul 29 - Bunker fuel quality issues vex market amid floating storage builds

"If you store it for very long like six months or so, the fuel starts giving way," a shipowner source said.

Jul 29 - Europe and Africa residual fuel -- key market indicators this week
Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub rose on the week as the market grapples with limited demand amid the summer lull period, despite country lockdowns having eased. Uncertainty continues to linger within the market surrounding the coronavirus pandemic, amid second wave fears.

Jul 29 - Fuel oil sulfur spreads remain narrow following loss of bunker demand
Demand in the European fuel oil market has failed to gain traction as countries around the globe emerge from coronavirus-induced lockdowns, resulting in spreads between high and low sulfur fuel oil grades to remain narrow.

Jul 29 - Singapore's bunker market to see limited impact from additional maritime safety steps
"The new measures shouldn't cause much delay to bunkering," a bunker trader said.

Jul 28 - ICE LSGO futures net speculative length reaches 6-month high
Speculative net long positions in ICE low sulfur gasoil futures rose 12,540 contracts to 66,280 in the week to July 21, according to ICE data, the highest net length in managed money since January 21.

Jul 28 - Panama Canal increases Neopanamax Locks maximum draft to 48 ft
The Panama Canal Authority (ACP) has announced an increase of the maximum authorized draft for ships voyaging through the Neopanamax Locks to 48 ft, or 14.63 meters, effective July 25.

Jul 28 - Asia residue fuel market - Key market indicators this week
The expectations of fewer August arbitrage cargoes in Singapore as well as supply cuts have led to a slight uptick in Asian low sulfur fuel oil margins, with trading sentiment more bullish from the week prior.

Jul 28 - EC seeks views on updating EU taxes to boost low-carbon fuels, EVs
The European Commission is seeking views on how to update the EU's energy taxation rules to align them with the bloc's goal to be carbon-neutral by 2050 and reduce implicit subsidies for fossil fuels.

Jul 25 - Crude shipments drop in May on lockdown
Peru's crude oil shipments dropped in May compared with the year-ago period, while natural gas deliveries increased, the country's central bank said in a statement July 24.

Jul 25 - Tropical Storm Hanna strengthens, to move west towards Texas-Mexico border
- NHC
Tropical Storm Hanna is on track to turn west and move towards the Texas-Mexico border, making landfall along the Texas Coast on the evening of July 25, the National Hurricane Center said July 24.

Jul 25 - US refiners eye a better Q3, but keeping a close eye on COVID-19 resurgence

Even though third quarter refined product demand has rebounded as lockdown restrictions across much of the US have loosened, refiners are aware that any coronavirus-related resurgence could interrupt this recovery and further reduce gasoline and diesel demand.

Jul 25 - Singapore's residue stocks fall 10% on week to 3-month low amid uptick in bunker demand
The stocks were the lowest since April 29, when they stood at 22.204 million barrels, the data showed.

Jul 25 - Houston container port volumes drop to 16-month low in June
Houston is taking this time of weak demand and hampered trade to focus on infrastructure projects.

Pakistan's oil demand feels COVID-19 pain, set to bounce back
"We expect petroleum demand to increase due to gradual normalization of economic activity following the lockdown," Ahsan said.

Jul 25 - Pakistan's Ocean Bunkers starts VLSFO, LSMGO supply in domestic ports
Pakistan's Ocean Bunkers has commenced supply of 0.5% sulfur VLSFO and LSMGO in the Port of Karachi and Port Qasim as demand for cleaner fuels garners more interest, the company told S&P Global Platts July 23.

Jul 25 - July ULSD imports fall on year into UK, France, Germany - Kpler
Imports of ultra-low sulfur diesel into the UK, France and Germany in July will be lower on the year at 690,000 mt, 1.18 million mt and 260,000 mt respectively, Intelligence data firm Kpler estimated Friday, which represents falls of 28.7%, 8.4% and 50.4%.

Jul 25 - ARA fuel oil stocks up 11.7% on week at 1.456 mil mt - Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub rose 11.7% to 1.456 million mt in the seven days to July 22, according to data from Insights Global, with the summer lull sapping demand, sources said.

Jul 25 - Rosneft discovers new oil, gas field at Vostok Oil project
Russia's largest crude producer Rosneft said July 23 it has discovered a new field containing an estimated 20 million mt, or around 146 million barrels, of oil and 1 Bcm of gas as part of its Vostok Oil project in northern Russia.

Jul 25 - Singapore's jet, gasoil stocks jump above 14 mil barrels on lower exports
Singapore's commercial stockpiles of jet fuel and gasoil ballooned to a six-week high of 14.1 million barrels in the week ended July 22, Enterprise Singapore data released on July 23 showed, with the jump in inventories coming on the back of a pull back in export volumes.

Jul 25 - Singapore light distillate stocks inch higher asgasoline, blendstock imports rise
Singapore's commercial onshore light distillate stocks inched 1.08% higher on the week to 16.245 million barrels in the week ended July 22, amid a flurry of gasoline and blendstock inflows, latest Enterprise Singapore data released late July 23 showed.

Jul 25 - Singapore front month gasoil crack spread touches 2-month high on tight supply
The Singapore front month August 10 ppm sulfur gasoil swaps against Dubai swaps -a measure of a product's relative strength to the crude- strengthened to a two-month high at the Asian close July 23 due to regional supply tightness, Asian gasoil sources said.

Jul 24 - Suncor's refining flexibility helped to stem Q2 losses - CEO
Company was able to quickly adjust its production of oil sands-derived synthetic crude to meet changing demand, cut capital spending.

Jul 24 - Marine fuel price gap narrows across Chinese ports as supply ramps up
Previously, suppliers imported LSFO, LSMGO in bulk from South Korea, Singapore.

Jul 24 - Port of Virginia container capacity expansion fails to stall drop in H1 volumes
Total container throughput at the facilities centered on Norfolk fell to 1.27 million TEUs in January-June 2020.

Jul 24 - Clean Arctic Alliance calls for switch to distillate shipping fuels
Tackling black carbon emissions a priority to group.

Jul 24 - UK government provides GBP350 million to help businesses decarbonize
Some GBP 139 million is to be made available to 12 projects identified by the government's Industrial Decarbonization Challenge in April.

Jul 24 - Kuehne+Nagel's Q2 container traffic declines 11.7% on year

In H1 2020, a clearly negative market environment translated to reduced shipping volumes, the company said.

Jul 24 - Methanol bunkering set to jump after regulatory approval - Methanol Institute COO
Interim guidelines for methanol bunkering debated, confirmed.

Jul 24 - Chinese ports hit capacity as virus tests slow clearing - shippers
Testing of imported food for the novel coronavirus is pushing capacity at some major Chinese ports to their limit, major shippers told customers this week, warning of additional fees and possible diversions to other ports. China stepped up inspections of imported food last month after an outbreak of the coronavirus among people working at and visiting a major food market in Beijing. 

Jul 24 - Shipping's switch to cleaner fuel smooth sailing so far - ING Bank
Seven months after the United Nations' shipping agency brought in hotly anticipated new rules to curb emissions, the raft of technical issues and leap in fuel prices that were expected to result have failed to materialise, ING Bank said on Tuesday. Global shipping and oil firms had flagged major concerns over potential disruptions from International Maritime Organization (IMO) rules implemented at the start of 2020, which capped marine fuels' sulphur content at 0.5% against 3.5% previously. 

Jul 24 - Brazil's Paranaguá port resumes grain loading after fire
The Port of Paranaguá, Brazil's second busiest for soybean and sugar cargoes, is gradually resuming grain export operations after a fire that affected conveyor belts at two terminals, according to a statement from the port authority on Wednesday. Operations remain halted at the two affected terminals, connected to berths 212, 213 and 214, which form part of an export corridor comprising 11 terminals, the authority said.

Jul 24 - Brazil's 2020 soyoil exports seen rising from Paranaguá - port operator
Cattalini Terminais Marítimos, a port terminal operator which handles almost 70% of Brazil's soyoil exports at Paranaguá port, predicts shipments of that commodity will rise by around 26% this year after a drought reduced the levels of Argentina's Paraná river, a main thoroughfare. China and India are the main destinations of Brazil's soyoil, Lucas Guzen, senior commercial manager, said in an interview with Reuters.

 
Jul 24 - Ship owners struggle to bring home crews amid coronavirus chaos
Shipping companies are still struggling to get hundreds of thousands of crew members back home after many months at sea despite pledges by countries to ease transit restrictions for seafarers, industry officials say. Countries including the UK, the United States, Singapore, the United Arab Emirates and the Philippines pledged this month to boost efforts to help seafarers, many of whom have been on ships longer than the 11-month limit laid out in a maritime labour convention. 

 
Jul 24 - Rotterdam port H2 traffic falls by 9%, hit by COVID-19
The Port of Rotterdam, Europe's largest sea port, said on Thursday traffic had fallen by 9.1% in the first half of 2020 as a result of the coronavirus pandemic. In the first six months of the year throughput was 219 million tonnes, compared with 241 million tonnes in the same period of 2019.

 
Jul 24 - Saudi Ports Authority, SALIC sign deal for Yanbu grain terminal
The Saudi Ports Authority and Saudi investment firm SALIC signed an agreement to build a grain terminal in Yanbu Commercial Port, the Saudi state news agency said on Thursday. The terminal will be capable of handling 5 million tonnes of grains a year.

Jul 23 - Tropical Storm Gonzalo forms in Caribbean, could reach hurricane strength by Thu
Tropical Depression seven was upgraded to Tropical Storm Gonzalo early July 22 as the storm's wind speed picked up to 75 miles an hour, and expectations are for it to reach hurricane status by Thursday, according to the National Hurricane Center data.

Jul 23 - Crude edges lower as US stimulus hopes offset US-China tensions
Markets were balancing bearish US inventory report showing crude stockpiles, production both up week ended July 17.

Jul 23 - Bangladesh begins importing 0.005% sulfur gasoil as climate action looms
BPC will import around 4.5 million mt of 0.005% sulfur gasoil annually to meet domestic demand, Hasan said.

Jul 23 - Singapore Aug ex-wharf marine fuel term contracts settle lower on sluggish demand
"There were slightly more inquiries for [Singapore-delivered marine fuel 0.5%S] this week because crude oil price went up," a trader said.

Jul 23 - Global mobility flatlines as fears over rising COVID-19 infections escalate
Energy demand indicators in the world's biggest oil-consuming countries suggest the economic recovery from the COVID-19 pandemic is flatlining, and in some cases retreating, amid growing concern over an acceleration in infections globaly.

Jul 23 - Venezuela's diesel suppliers urge US not to block the shipments crucial to power supply
Suppliers of Venezuela's diesel imports are working to head off any attempts by the Trump administration to block their diesel-for-crude swaps, arguing the still-allowed shipments are crucial for humanitarian purposes like power generation and agriculture.

Jul 23 - Brazil's Petrobras Q2 refinery output slides 7% on year: report
Brazilian state-led oil producer and refiner Petrobras registered a 7% year-on-year decline in refinery output in the second quarter, despite signs of a gradual recovery that lifted refinery capacity utilization rates to return to pre-pandemic levels in June.

Jul 23 - RBOB climbs from morning lows; crude lower following US build

Prompt NYMEX RBOB futures climbed from early session lows midmorning July 22 after US Energy Information Administration data showed a decline in US gasoline inventories, but rising US crude inventories and flagging refined product demand held the oil complex in the red.

Jul 23 - S Korean bunker fuel suppliers ink Q3 term contracts at $15-$20/mt discount

Term contracts for the supply of marine fuel 0.5%S at the main South Korean ports of Yeosu, Busan and Ulsan for the third-quarter concluded at between $15-$20/mt discount to the Mean of Platts Singapore Gasoil 10 ppm assessments, market sources said July 22.

Jul 23 - Brazil's Petrobras Q2 refined product sales sink 14.2% on year
Brazilian state-led oil company Petrobras registered a 14.2% year-on-year tumble in refined-product sales during the second quarter, but also reported signs of a nascent recovery in Latin America's biggest market, according to the company's latest production and sales report.

Jul 23 - Singapore fuel oil narrowing contango may force traders to short stocks - sources
"VLCC rates have dropped, and storing costs are getting lower. But the current contango does not make economic sense," said a trader.

Jul 23 - Fujairah Stocks drop after Saudi prince warns of power demand pickup

Inventories stood at 25.342 million barrels, down 5.7% on the week and the lowest since April 27, according to data released July 22.

Jul 22 - Shipping's switch to cleaner fuel smooth sailing so far - ING Bank
Seven months after the United Nations' shipping agency brought in hotly anticipated new rules to curb emissions, the raft of technical issues and leap in fuel prices that were expected to result have failed to materialise, ING Bank said on Tuesday. Global shipping and oil firms had flagged major concerns over potential disruptions from International Maritime Organization (IMO) rules implemented at the start of 2020, which capped marine fuels' sulphur content at 0.5% against 3.5% previously.
 
Jul 22 - 10 ppm ARA barge premium to 0.1% diesel at 14-week high on lower arrivals, lack of heating demand
Warmer temperatures, high stocks play key role in demand fundamentals shift.

Jul 22 - Crude climbs as demand outlook firm amid slowing virus spread, EU stimulus
Oil futures ride vaccine gains to four-month highs.

Jul 22 - Portugal Fuel demand drops 24% in first half 2020
Bunker fuel demand down 21% in 1H as decline steepens from 17% drop in April.

Jul 21 - Singapore August LSFO arbitrage inflow set to fall on weak Asian prices - traders
Lower freight rates did little to help inflow to East increase.

Jul 21 - Crude climbs as promising vaccine news outweighs rising coronavirus cases
Latest AstraZeneca news follows recent promising vaccine updates from Pfizer, Moderna.

Jul 21 - GP Global says bunker operations doing 'well' as it restructures
Company says operations 'normal' at its Fujairah, Hamriyah terminals.

Jul 21 - Pilot LNG to provide Houston's first LNG bunker terminal
Terminal to be the first of its kind, located near ports of Houston, Texas City, Galveston.

Jul 20 - Chinese ports hit capacity as virus tests slow clearing - shipper
Testing of imported food for the novel coronavirus is pushing capacity at some major Chinese ports to their limit, major shippers told customers this week, warning of additional fees and possible diversions to other ports. China stepped up inspections of imported food last month after an outbreak of the coronavirus among people working at and visiting a major food market in Beijing. 

Jul 18 - Singapore front month Marine Fuel 0.5%S contango narrows as buying interest rises
The front end August/September Singapore Marine Fuel 0.5%S derivative narrowed to a four-month high of minus $2.25/mt on July 16, Platts data showed, on the back of stronger buying interest.

Jul 18 - European HSFO garners more support on OPEC+ cuts
Analysts are also warning that due to the OPEC+ production cuts dominated by Middle Eastern producers, fuel oil could become scarcer as crudes from the region typically yield a higher percentage of the product.

Jul 18 - H1 container throughput at Los Angeles, Long Beach ports drop 11% on year
Container throughput at the Ports of Los Angeles and Long Beach fell by 11% year on year in the first half of 2020, and could face a sharper decline later this year as the global coronavirus outbreak continues to hamper trade.

Jul 18 - Asia piracy incidents double in first-half 2020; Abu Sayyaf planning attacks - watchdog
The same trend was seen across the Singapore Straits, where incidents doubled on the year to 16, and now account for one third of the total incidents in Asia, inter-governmental watchdog ReCAAP said.

Jul 18 - Singapore's residue stocks slip from 3-year high amid emerging buy interests
Singapore's commercial onshore residue stocks stood at 26.11 million barrels, or 4.11 million mt, as of July 15, down 2.1% from a week earlier when stocks had hit a three-year high, Enterprise Singapore data released on July 16 showed.

Jul 18 - ARA fuel oil stocks down 12% on week to 1.304 mil mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub fell 12% to 1.304 million mt in the seven days to July 15, according to data from Insights Global, back to levels seen in late March and the beginning of April in the early stages of the coronavirus pandemic.

Jul 17 - Australia ships record volume of iron ore to China in June
Australia's shipments of iron ore to China from the world's top export hub of Port Hedland climbed to a record of 46.2 million tonnes in June, data from the port authority showed on Friday. Shipments rose by 7% from May's figure of 43.18 million tonnes, and were up by 10% from the same month last year, the data showed.

 
Jul 17 - China's June coal imports fall 6.7% y/y on port curbs 
China's coal imports dropped 6.7% in June from the same period last year, as stringent import restrictions at ports impeded purchases by traders and power plants, despite solid fuel demand. China, the world's top coal importer, brought in 25.29 million tonnes of the fuel last month, data from the General Administration of Customs showed on Tuesday. 

 
Jul 17 - Vietnam imports first U.S. coal shipment, state coal miner says 
Vietnam has imported the first shipment of coal from the United States, state-owned coal miner Vinacomin said on Wednesday, days after the two nations marked the 25th anniversary since they established diplomatic relations. The 21,700 tonnes of coal bought from IMI Fuels LLC arrived at a port in northern Vietnam, Vinacomin, formally known as Vietnam National Coal-Mineral Industries Corp, said in a statement on its website.

 
Jul 17 - China June soybean imports hit record on big Brazilian cargoes 
China's monthly imports of soybeans leapt to a record high in June, jumping 71% from a year earlier, customs data showed on Tuesday, as a flurry of cargoes arrived from top supplier Brazil. China, the world's top importer of the oilseed, shipped in 11.16 million tonnes in June from 6.51 million a year ago and up 19% from 9.38 million tonnes in May, data from the General Administration of Customs showed. 

 
Jul 17 - Egypt to re-allow agriculture inspectors to check wheat cargoes at port of origin 
Egypt will once again allow agriculture inspectors to travel to check wheat cargoes at their port of origin, the head of agricultural quarantine told Reuters on Tuesday. Inspectors will be allowed to travel to countries that are currently accepting travellers from Egypt, he said.

Jul 16 - OPEC+ lauds oil price rebound as producers prepare to boost output
OPEC and its allies will ease their record production cuts on schedule in August after they helped pushed oil prices back above $40/b from their historic lows in April, ministers said July 15, confident that recovering global demand will soak up the additional supply.

Jul 16 - HSFO Singapore/Fujairah spread narrows on strong Middle Eastern demand
"[Cargoes] are heading for the Red Sea," said a fuel oil trader based in Singapore.

Jul 16 - Algeciras shipping throughput for May falls 20% on year
Total numbers of ships passing through the port of Algeciras, Spain, in May fell 20.3% from May 2019's level to 8.091 million mt, the port authority reported on its website.

Jul 16 - Fujeira Oil product stockpiles drop for third straight week
Light distillate stockpiles fell to 6.267 million barrels, the lowest since April 20.

Jul 16 - Singapore HSFO viscosity spread falls to 8-month low on firm 380 CST grade demand
The viscosity spread was last lower on November 8, 2019, at 12 cents/mt.

Jul 15 - OPEC bullish on oil recovery as output cuts set to ramp down
The data comes as OPEC and its allies are scheduled to ease their production quotas by some 2 million b/d in August, with officials citing newfound optimism in the world economy's prospects.

Jul 15 - China 0.5%S marine fuel differential dives to 11-month low on weak demand
"Demand has been weak since February, there was some resumption in demand in May but no obvious improvement," a Zhoushan-based supplier said.

Jul 15 - Spotlight turns to maritime decarbonization in Asia after IMO 2020 transition
"A lot of things are happening in decarbonization and it's heartening to see them," a source said.

Jul 15 - Japanese May bonded bunker fuel oil sales fall 6.5% on month
Lackluster demand amid ample supply weighed on the market in May.

Jul 14 - Singapore's residue stocks rise 6% on week to 3-year high amid dearth of demand
Singapore's commercial onshore residue stocks rose 6.1% week on week to 26.666 million barrels or 4.2 million mt on July 8, marking a three-year high, Enterprise Singapore data released July 9 showed.

Jul 14 - OPEC's 2019 oil revenue shrinks on production cuts, weaker prices
OPEC's 13 members suffered an 18% contraction in their oil export revenue last year on weaker prices and output curbs, denting their economies leading into 2020's coronavirus crisis and market meltdown.

Jul 14 - Houthis claim attack on Aramco's new Jazan refinery
Iran-backed Houthi rebels in Yemen have claimed responsibility for a July 12 drone and missile attack on Saudi Aramco's recently built Jazan oil refinery, local media reported.

Jul 14 - Around 360,000 mt of USGC middle distillate heading to Europe so far in July - cFlow
Seven clean tankers have left the US Gulf Coast over the past seven days, all of them medium-range tankers, cFlow data showed.

Jul 14 - June bunker fuel sales fall 2.45% on month to 3.83 mil mt
Total low sulfur bunker fuel sales decreased 0.11% on the month to 2.711 million mt in June, MPA data showed.

Jul 13 - U.S. turns screws on maritime industry to cut off Venezuela's oil 
Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the Latin American country. U.S. sanctions have driven Venezuela's oil exports to their lowest levels in nearly 80 years, starving President Nicolas Maduro's socialist government of its main source of revenue and leaving authorities short of cash for essential imports such as food and medicine.

Jul 11 - BP's former CFO sees oil price in $45-55/b range during 2021
Global oil prices will likely strengthen over the coming 18 months to hover around $45-55/b if economies continue to reopen and OPEC+ follows through on efforts to drain oil stocks which surged during the peak of pandemic lockdowns, BP's former chief financial officer Brian Gilvary said.

Jul 11 - European VLSFO market in limbo on oversupply
Oversupply in the European 0.5%S marine fuel market is persisting despite the easing of coronavirus restrictions, with demand for the bunker fuel not yet strong enough to make a big dent in stocks built up during the peak of the pandemic.

Jul 11 - IEA sees light distillates as the most resilient part of the barrel
While demand for the full range of refined oil products has been hit by COVID-19 and was on a slow path to recovery, light ends have seen the best performance, the International Energy Agency said July 10.

Jul 11 - IEA sees 2020 global oil refinery utilization of 72%, 'lowest in 37 years'
The average utilization rate of global oil refineries is expected to fall to 72% in 2020, "the lowest in 37 years" and the partial rebound in 2021 will only "nudge" it up to 77%, below the long-term average of 80%, the International Energy Agency said July 10.

Jul 11 - Global climate goals need major energy innovation push - IEA
A global goal to reach net zero greenhouse gas emissions by 2050 will be out of reach unless governments and the private sector launch a major acceleration in clean energy innovation, the International Energy Agency said July 2.

Jul 11 - German cruise line AIDA Cruises will resume sailing from August, after the coronavirus pandemic triggered an industry-wide pause on operations for four months, parent company Carnival Corporation said.

Jul 10 - WAF gasoil market static on lack of supply and demand, cargoes slide
Liquidity in the West African gasoil market has stalled with a lack of cargoes moving due to a low supply from refinery runs cuts and COVID-19 demand destruction, sources said.

Jul 10 - USGC VLCC freight jumps 26% on week as delays trump impact of pandemic
US Gulf Coast VLCC freight jumped more than 26% over the past week as a combination of discharge delays at Chinese ports and an influx of charterer inquiries across all key global VLCC loading regions trumped the otherwise depressed freight environment due to the coronavirus pandemic.

Jul 10 - News: Scrubber economics weaken as marine fuel premiums narrow.

Jul 10 - S Korea's SK Energy to skip LSFO exports for July, Aug on low margins, run cuts
"We will not export LSFO for July and August loading because the margins are bad," a source said.

Jul 10 - BP-Sinopec bunker venture to start fuel oil deliveries to Fujairah - source
Sinopec started producing LSFO for bonded bunkering in January with a target production capacity of 10 million mt in 2020.

Jul 10 - Fujairah Q3 ex-wharf marine fuel term talks inconclusive amid ample supply
ujairah ex-wharf term 0.5% sulfur marine fuel price indications for the third quarter fell to a discount of $40-$45/mt to the Mean of Platts Arab Gulf 10 ppm gasoil assessments amid ample supply of low sulfur bunker fuel, sources said on July 9.

Jul 10 - US crude stocks race higher as exports flag, imports surge
A steep decline in US oil exports and a flood of imports pushed crude inventories higher last week, even as refinery inputs and refined product demand edged higher, US Energy Information Administration data showed July 8.

Jul 10 - Brazil's Petrobras sets bunker fuel output record at Replan in June
Brazilian state-led oil company Petrobras set a fresh monthly record in June for bunker fuel output at the Refinaria de Paulinia, or Replan, refinery in Sao Paulo state after bringing two processing units back on stream from maintenance work, the company said July 8.

Jul 10 - India's Essar Ports handles 4.41 mil mt of cargoes in June, up 2.6% on month
In April, there was a drop in cargo handling due to dwindling production, mainly at power and steel companies.

Jul 09 - Traffic at India's major ports falls 20% in June qtr due to lockdowns
Major ports in India, which handle more than half of the country's seaborne trade, had a nearly 20% fall in traffic during the quarter ended June, the Indian Ports Association (IPA) said, as coronavirus lockdowns slowed economic activity. India's twelve state-run major ports handled 141.9 million tonnes of shipments in the quarter ended June 30, compared with 176.7 million tonnes the previous year, the IPA data showed.

Jul 09 - EU lawmakers agree to include shipping emissions in EU carbon market
European lawmakers agreed on Tuesday to include international carbon emissions from the maritime sector in the EU carbon market, targeting an industry that does not yet pay for its pollution. They also called for binding targets for shipping companies to reduce the annual average CO2 emissions of all ships when in operation, by at least 40% by 2030 compared to 2018 levels, going further than an original European Commission proposal.

Jul 09 - Egypt's Suez Canal revenues in FY 19/20 fall to $5.72 bln - statement
Egypt's Suez Canal revenues fell to $5.72 billion in the 2019/20 financial year from $5.75 billion in the year prior, the canal authority said on Saturday. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.

Jul 09 - Shipper MSC joins coal plants and Ryanair in top 10 list of EU polluters
The Mediterranean Shipping Company (MSC) overtook Ryanair in the top 10 rankings of Europe's biggest carbon dioxide emitters in 2019, a list that is still dominated by big coal-fired power plants, European Union data showed. Data compiled by Brussels-based think tank Transport & Environment (T&E) showed MSC emitted an estimated 10.72 million tonnes of carbon dioxide in 2019, ranking it seventh in the EU, rising above Ryanair at No. 8, which produced an estimated 10.53 million tonnes. MSC was not immediately available for comment.

 
Jul 09 - French wheat exports to plunge in 2020/21 after record - FranceAgriMer
Farm office FranceAgriMer raised its estimate for 2019/20 French soft wheat exports outside the European Union to a new record on Wednesday but forecast shipments would fall steeply in the new season on the back of a much smaller harvest. For the 2019/20 season that ended on June 30, FranceAgriMer pegged soft wheat exports to non-EU destinations at 13.6 million tonnes, compared with 13.45 million forecast last month and 41% above the 2018/19 level.

 
Jul 09 - EU soft wheat exports total 34.6 mln T in 2019/20, up 68%
Soft wheat exports from the European Union in the 2019/20 season that ended on June 30 totalled 34.60 million tonnes, a rise of 68% compared with 2018/19, official EU data showed on Tuesday. EU 2019/20 barley exports reached 7.54 million tonnes, up 63% from 2018/19, while EU 2019/20 maize imports stood at 19.52 million tonnes, down 19%.

 
Jul 09 - Global coffee exports fall 14.6% in May -ICO
Global coffee exports fell 14.6% in May from a year earlier to 10.49 million 60 kg bags, the International Coffee Organization (ICO) said in a monthly report on Friday. The inter-governmental body said, however, that May volumes were the third highest on record for the month of May and follow unusually high shipments last year.

 
Jul 09 - France's 2019/20 wheat exports hit record high after strong June
French soft wheat shipments outside the EU finished the season at a four-year high in June, helping overall 2019/20 exports to reach a record level, Refinitiv data showed. Soft wheat exports to destinations outside the European Union totalled 1.17 million tonnes last month, an initial estimate based on Refinitiv loading data showed.

Jul 09 - EIA says total US diesel stocks increase to record high
US ULSD stocks rose 3.55 million barrels to 164.23 million barrels in the week that ended July 3, US Energy Information Administration data released July 8 showed, the highest such inventories have been since the agency began recording the data in the week that ended April 9, 2004.

Jul 09 - Rising 380 CST bunker fuel demand to support values in Japan, South Korea
A rise in demand for 380 CST high sulfur bunker fuel was expected to support the high sulfur fuel oil market in Japan and South Korea in July, market sources said.

Jul 09 - Singapore August ex-wharf marine fuel term indications fall on oversupply
Singapore's ex-wharf term price indications for August-loading 0.5% sulfur marine fuel fell to a discount of $40-45/mt to the Mean of Platts Singapore 10ppm gasoil assessments amid oversupply of low sulfur bunker fuel, sources said on July 8.

Jul 09 - China LSFO imports to fall in H2 as refiners strive to meet export quotas - sources
Chinese imports of low sulfur marine fuel for domestic bonded bunkering are expected to drop significantly in the second half of the year as refiners raise production in order to meet their export quotas, market sources said July 8.

Jul 09 - Japanese Oil product stocks nearly flat at 61.26 mil barrels July 4

Japan's total refined oil product stocks came in at 61.26 million barrels on July 4, down 0.1% from 61.30 million barrels the previous week, the Petroleum Association of Japan said July 8.

Jul 09 - Singapore Aug-Sep 10 ppm sulfur gasoil spread flips to contango as prompt demand softens
The Singapore August-September 10 ppm sulfur gasoil derivative timespread flipped to contango at the close of the Asia trade July 7 as a slowdown in prompt regional demand weakened the overall gasoil complex, market participants said.

Jul 09 - Singapore 380 CST HSFO prompt structure flips into backwardation on firmer demand

Fueled by strong demand in late June and July, the Singapore 380 CST high sulfur fuel oil balance July/August swap spread flipped into a backwardated structure of $1.55/mt on July 7 -- the first time in four months, S&P Global Platts data showed.

Jul 08 - Russia's Tuapse ULSD July exports drop 41.6% on month
The July ultra low sulfur diesel export program from the Russian Black Sea port of Tuapse is scheduled at 148,000 mt, down 41.6% month on month, according to a copy of the loading schedule seen by S&P Global Platts on July 7.

Jul 08 - Brooge Energy CEO says Fujairah has 'no competition' as Oman adds crude storage

The UAE's east coast port of Fujairah is more than able to compete when it comes to providing storage space for crude oil producers, just as Oman is planning its program, Brooge Energy CEO Nicolaas Paardenkooper said.

Jul 08 - EU Parliament panel backs inclusion of shipping in EU carbon market
The European Parliament's environment committee July 7 voted in favor of bringing CO2 emissions from the shipping sector into the EU Emissions Trading System.

Jul 08 - Clean tanker floating storage inquiries rise as appetite returns
Fresh floating storage inquiries for clean tankers in recent weeks reflect charterer appetite to take advantage of rock bottom clean tanker rates, though presumptions of potentially cheaper floating storage deals against onshore storage appear short-sighted.

Jul 08 - Maritime industry mulls over ammonia as a sweet pill for carbon emissions cut
Commercial development, widespread adoption likely to take time.

Jul 08 - Cargo cancellations drive steep drop in feedgas demand at US export terminals
In July and August, an estimated 80 LNG cargo cancellation are likely to keep pressure on the market.

Jul 08 - Sales of marine fuel 0.5% in Panama fall in May to lowest level in 2020, high sulfur bunker sales rise
Sales of marine fuel 0.5%S and marine gasoil in Panama, a key hub for bunker fuels, continued to decline month on month in May but sales of high sulfur bunkers rose, the most recent data from Panama's Maritime Authority show.

Jul 08 - Singapore HSFO viscosity spread at narrowest since mid-April on 380 CST demand
Amid a surge in demand and tighter supply of 380 CST high sulfur fuel oil, the Singapore HSFO viscosity spread, measured as the difference between the 180 CST and 380 CST grades, narrowed to a near three-month low at $2.33/mt July 7, S&P Global Platts data showed.

Jul 08 - TANKERS: Separate anti-piracy payments shelved as Asia's MR rates hit new lows
Most of the owners are currently offering their ships for voyages into East Africa from the Middle East and India, inclusive of the anti-piracy costs.

Jul 07 - Thailand's PTTGC sells IMO-compliant fuel oil for July 13-15
The company last sold 35,000 mt of IMO-compliant fuel oil with 100-380 CST for June 23-July 1 loading from its Map Ta Phut refinery, at a discount of around $40/mt to MOPS 10 ppm gasoil assessments.

Jul 07 - Fujairah fuel oil imports hit 18-month low with stocks at all-time high
- Kpler
Fuel oil imports into the UAE's east coast port of Fujairah declined to an 18-month low in June as storage space was running low with stockpiles at a record high, according to cargo-tracking data from Kpler.

Jul 07 - Singapore delivered Marine Fuel 0.5%S bunker premium narrows on weak bunker demand
The delivered Singapore Marine Fuel 0.5%S bunker premium against the Singapore Marine Fuel 0.5%S cargo values shrank to a near one-month low on July 3, S&P Global Platts data showed, on the back of strong cargo values and weak bunker demand.

Jul 07 - Asia residue fuel market - Key market indicators this week
An emergence of strong demand, especially during the Platts Market on Close assessment process, helped strengthen the Asian low sulfur marine fuel market.

Jul 07 - Europe and Africa residual fuel: Key market indicators
Market conditions for 0.5%S marine fuel continue to be defined by ample product combined with capped demand in the bunkers sector, while talk of a second wave of the coronavirus pandemic was putting pressure on forward-looking outlooks.

Jul 06 - Marine fuel market facing tougher Q3 as supply rises
Global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said. Third-quarter supply is estimated to rise by 620,000 barrels per day (bpd) from the second quarter as China and Brazil increase production, according to consultancy Energy Aspects.
 

Jul 03 - Shipping, aviation 2030 climate goals too weak, research finds
The international shipping and aviation sectors' 2030 climate targets are too weak and their emissions are on course to reach dangerous levels despite the impact of the COVID-19 pandemic, research showed on Wednesday. To limit the temperature rise to safe levels, global carbon dioxide (CO2) emissions need to be reduced to net zero by 2050. Shipping and aviation accounted for around 5% of all emissions before the COVID-19 outbreak and are expected to contribute 40% by 2050.

Jul 03 - Brazil's 2nd largest port disrupted by strong winds, authority says
The port authority of Brazil's second busiest port for grains and sugar, Paranaguá, said on Wednesday that two shiploaders at the port were displaced by strong winds on Tuesday, but added in a subsequent statement that the situation was gradually returning to normal. At 1 p.m. local time, power supplies to move conveyor belts had been restored, while public berths dedicated to vehicles, overall cargos and containers were expected to resume operations by the end of the day, the port authority said.

Jul 03 - Brazil on grain exporting spree as port activity normal amid pandemic, says Anec
Brazil is expected to export 11.9 million tonnes of soybeans in June, a 37% rise from the same month last year, as Chinese demand remains strong and ports operate normally amid the COVID-19 pandemic, industry group Anec said on Tuesday. Exports of corn from Brazil are seen at 774,850 tonnes in the month based on shipping data, Anec said in a report.

Jul 03 - Hapag-Lloyd to halt waste shipments to China
German container shipping line Hapag-Lloyd said it had notified customers it will stop accepting cargoes of solid waste, including scrap metal, bound for China that arrive from Sept. 1 onwards to comply with new legislation. China in April passed a law, taking effect in September, that holds carriers and importers responsible for the return and disposal of solid waste that fails to meet import requirements.

 
Jul 03 - Euronext says a second Rouen silo closed for December wheat delivery 
Euronext said on Thursday that one of the grain silos operated at Rouen port by logistics group Senalia would be unavailable to receive deliveries of wheat traded through Euronext's December 2020 futures contract. This follows Senalia's agreement to allow Socomac, another export logistics firm, to have exclusive use of the Val de la Haye silo during renovation work at Socomac's own silo at Rouen, Euronext said in a market notice.

 
Jul 03 - Brazil soy exporters cannot promise China coronavirus-free cargos, ANEC says
Brazilian grain exporters should not give China the guarantees it requested that their cargoes are free of the novel coronavirus, as that would require extensive testing, according to ANEC, an association representing local grain traders. The exporters' response to the Chinese request will emphasize that there is no evidence the coronavirus can be transmitted by food, Marcos Amorim, director of ANEC's contract committee, said during a webinar hosted by law firm Mattos Engelberg on Thursday.

Jul 03 - Bunker Holding Group to pursue sustainable growth amid tough markets
Company maintains 'strong creditworthiness' amid tough markets as it transitions to IMO 2020

Jul 03 - Momentum in LNG shipping will build post-pandemic, says industry head
The emphasis on environmental stewardship and reduction of GHG will certainly continue, Keller said.

Jul 03 - Fujairah Oil Terminal eyes more investment in port storage, infrastructure
"We've been operating now at Fujairah for six years and we see the growth potential," Azizeh said.

Jul 03 - Refined product stocks drop most since April to seven-week low
"Economies are picking up so the consumption is there," said Malek Azizeh, commercial director of Fujairah Oil Terminal.

Jul 02 - Brazil's 2nd largest port disrupted by strong winds, authority says
The port authority of Brazil's second busiest port for grains and sugar, Paranaguá, said on Wednesday that two shiploaders at the port were displaced by strong winds on Tuesday, but added in a subsequent statement that the situation was gradually returning to normal. At 1 p.m. local time, power supplies to move conveyor belts had been restored, while public berths dedicated to vehicles, overall cargos and containers were expected to resume operations by the end of the day, the port authority said.

Jul 02 - Sinopec's Changling Petrochemical ships its first batch of LSFO

Jul 02 - Platts FOB Singapore fuel oil June trading volume drops 23.5% on month

Jul 01 - Brazil on grain exporting spree as port activity normal amid pandemic, says Anec
Brazil is expected to export 11.9 million tonnes of soybeans in June, a 37% rise from the same month last year, as Chinese demand remains strong and ports operate normally amid the COVID-19 pandemic, industry group Anec said on Tuesday. Exports of corn from Brazil are seen at 774,850 tonnes in the month based on shipping data, Anec said in a report.

Jul 01 - Wartsila announces first full-scale test for ammonia as bunker fuel

Jul 01 - First BPC LSFO term import tender signals domestic shift toward cleaner fuel oil

Jul 01 - Russia sees oil exports falling 14% in July to around 3.2 million b/d

Jul 01 - Malaysia's Straits Inter Logistics boosts TMD's bunkering prospects

The provision of financial assistance will aid the ordinary course of TMD's business operations.

Jun 27 - Singapore 380 CST HSFO cash differential narrows to two-and-half-month discount on growing demand
The Singapore 380 CST high sulfur fuel oil cash differential over swaps values narrowed to a two-and-half-month discount on June 25 due to growing demand from the power sector, coupled with firm demand for straight-run fuel oil from refiners, S&P Global Platts data showed.

Jun 27 - US exports help rebalance Med ULSD market amid tight East Med supply
Increased exports of ultra-low sulfur diesel from the US into the Mediterranean have helped balance the supply picture in the West Med, while the East Med market remains tight on lower Black Sea volumes, the temporary shutdown of Turkey's Izmir refinery and a closed arbitrage from East of Suez markets, according to trade sources.

Jun 27 - Singapore's fuel oil exports to Bangladesh rise on demand from utilities
Singapore exported 98,900 mt of fuel oil to Bangladesh in the four weeks ended June 24, up from 18,302 mt recorded in the four weeks ended May 27, Enterprise Singapore data showed on June 25.

Jun 27 - Singapore residue stocks inch down on week amid lower fuel oil imports
Singapore's commercial onshore residue stocks inched down 0.1% week on week at 26.596 million barrels, or 4.19 million mt, on June 24, showed Enterprise Singapore data released June 25.

Jun 27 - Japan's ENEOS settles Apr-Jun fuel oil prices 46-48% lower on oil price drop
Japan's largest refiner ENEOS, previously known as JXTG Nippon Oil & Energy, has settled with domestic industrial customers its April-June quarter fuel oil prices around 46-48% lower than the previous quarter due mainly to lower oil prices, coupled with a stronger yen against the US dollar.

Jun 27 - Singapore jet fuel, gasoil stocks stay close to 14 mil-barrel mark as imports surge
Singapore's commercial stockpile of jet fuel and gasoil were largely steady in the week ended June 24, as a surge in India-origin gasoil flowing into Singapore worked to offset an export-driven drawdown in inventories, Enterprise Singapore data released June 25 showed.

Jun 27 - Fujairah refiners mull switch from LSFO to light distillates as profitability plunges - traders

Key low sulfur fuel oil refineries in Fujairah belonging to Uniper and Vitol may switch to producing more profitable light distillates or mothball their refineries altogether if demand for LSFO remains depressed and prices unprofitable, traders in Fujairah said week ending June 26.

Jun 26 - U.S. imposes sanctions on companies operating in Iran's metals sector
The United States on Thursday blacklisted four companies in Iran's metals sector, as well as one German and three Emirati subsidiaries of Iran's largest steelmaker that Washington said generate millions of dollars for Tehran's metals industry. The Treasury Department said in a statement that the sales agents together generated tens of millions of dollars annually from the foreign sale of Mobarakeh Steel Company products, contributing to billions of dollars generated overall by Iran's steel, aluminum, copper and iron sectors.

Jun 26 - Iran building pipeline to avoid disputed oil waterway
Iran on June 25 officially started building a 1,000-km (620-mile) pipeline to avoid the disputed Strait of Hormuz for its future oil exports, state television reported.

Jun 26 - Crude climbs as strong US manufacturing data soothes demand concerns
Crude prices, which had trended lower overnight, turned positive in early US trading June 25 on the heels of a stronger-than-expected US manufacturing data.

Jun 26 - Sonatrach raises July Saharan Blend crude OSP 45 cents/b from June
Algeria's Sonatrach has raised its official selling price for Saharan Blend crude for July by 45 cents/b from June.

Jun 25 - Exporters say China soy buyers want guarantee of coronavirus-free cargoes 
China's soyb
ean buyers are asking exporters to sign a letter guaranteeing their cargoes are not contaminated with the novel coronavirus, U.S., Brazilian and Canadian soy industry officials said on Tuesday. China is trying to prevent any risk of new COVID-19 infections from imported goods as it takes aggressive measures to contain a recent spike in coronavirus infections linked to a sprawling wholesale food market in Beijing. 

 
Jun 25 - Shipments from China held for extra customs checks at Indian port, say sources 
Customs officials at Chennai, one of India's biggest ports, have held shipments originating from China for extra checks, sources aware of the delays told Reuters, amid a backlash against China over a border clash in which 20 Indian soldiers died.  The increased scrutiny on shipments from China at Chennai Port, which handles various cargo including automobiles, auto components, fertilisers and petroleum products, could disrupt supply chains. 

 
Jun 25 - Private equity firm IG4 to acquire Brazil's grain terminal in Itaqui port 
Private equity fund IG4 said on Thursday it has signed a deal with Brazil's CGG Trading and its creditors to acquire CLI, which owns one of the largest grain terminals in the country, in the northern port of Itaqui. The deal includes the restructuring of $236 million in debt owed by CGG Trading and conversion of part of the debt into equity. 

 
Jun 25 - China to extend waiver on port construction fees to end of 2020 
China's Ministry of Finance said on Wednesday it would extend a waiver on port construction fees for imported and exported cargoes until the end of 2020 from June 30. The ministry will also extend a reduction in fees paid to the compensation fund for ship pollution until the end of this year. The move is part of Beijing's efforts to help business resume amid the coronavirus pandemic and to shore up its export industry.

 
Jun 25 - Maersk heads zero-carbon drive in shipping sector with $60 million research 
The world's largest container shipper, A.P. Moller-Maersk, will team up with industry majors to set up a research center in Denmark with the aim of reducing carbon emissions in the shipping industry.  Denmark's Maersk, which aims to be carbon-neutral by 2050, said on Thursday the research center would combine knowledge from industry, academia and regulators towards "decarbonizing" the industry by developing carbon-neutral fuel and technologies. 

 
Jun 25 - EU halves maize import duty to 4.65 euros per tonne 
The European Union cut an import duty on maize (corn) by 55% to 4.65 euros ($5.24) per tonne, the bloc said in its official journal on Tuesday. The reduced tariff, effective as of Tuesday, will also apply to rye and sorghum imports. The EU is one of the world's largest importers of maize, mostly used to feed its livestock herd. The bloc re-introduced an import duty on April 27 after a slump in U.S. prices to a 10-year low took the cost of imported U.S. maize below a regulatory price floor.

Jun 25 - KPI Bridge Oil bunker grows sales volume 10% in FY2019-20 despite tough markets
Bunker fuel company KPI Bridge Oil achieved a 10% year on year growth in its sales volumes in the financial year ended April 30, even as market conditions remained challenging as the industry transitioned to the International Maritime Organization's global low sulfur mandate.

Jun 25 - May gasoline exports fall 20% on year, jet fuel slumps 62% to 5-year low
China's gasoline exports fell 20% year on year to a 14-month low of 680,000 mt in May, while jet fuel exports plunged 62% over the same period to a five-year low of 560,000 mt, General Administration of Customs data showed June 24.

Jun 25 - Near-term outlook said to dim for further North American LNG export development
Demand, supply chain and capital budget shocks from the coronavirus pandemic make it unlikely any more North American LNG export projects will secure financing for construction in the next five or six years, according to an S&P Global Platts Analytics outlook issued June 23.

Jun 25 - US cruise ship pause weighs on North American bunkers market
Many bunkers markets in North America are grappling with the impact of a recent announcement that large cruise lines will extend the suspension of departures from US ports through mid-September.

Jun 25 - Front-month EFS spread narrows under pressure from incremental gasoil flows into Asia
The front-month Exchange of Futures for Swaps has come under pressure in recent trading sessions, with middle distillate traders saying that incremental gasoil volumes seen flowing from the Persian Gulf into Asia have weighed on the complex and sent values lower.

Jun 25 - Floating storage volumes start to descend, dragging down VLCC freight
The amount of crude stored on tankers is showing signs of a slight descent in response to the waning economics for storage as production cuts and a measured demand recovery aids a rebalancing of the global oil market.

Jun 25 - Global LPG export growth set to slow to 3.2% at 112 mil mt - FearnResearch
Global LPG export growth is estimated to slow to 3.2% in 2020 on the year at 112 million mt, after recording around 14% annual growth in 2019, FearnResearch said in a recent report.

Jun 25 - US sanctions five Iranian ship captains for delivering gasoline to Venezuela
The US Treasury Department on June 24 sanctioned five oil tanker captains for delivering 1.5 million barrels of Iranian gasoline and related supplies to Venezuela earlier this year.

Jun 24 - August cargo cancellations at US LNG terminals push summer total over 100
More than 40 LNG cargoes scheduled to be loaded in August at US export terminals were said to have been canceled by customers - similar to what was reported for July, market sources said.

Jun 24 - NWE diesel paper at 13-week high on limited resupply, closed arb
Northwest European 10 ppm diesel paper values have risen to a 13-week high on limited resupply due to refinery run cuts, a closed East/West arbitrage as well as a closing US arbitrage, but demand continues to lag despite the lifting of lockdowns in most European countries, sources said.

Jun 24 - Higher Brent crude prices squeezing refiners' margins - sources
Higher Brent crude prices are leading to difficulties for refiners, as margins are being squeezed despite a marginal pick-up in end-user demand for oil products, market participants said.

Jun 24 - New York jet fuel faces supply-demand mismatch as outright prices surge
East Coast jet fuel prices jumped to their highest level since early March June 23, as flights resumed operations, but a rare, lengthy premium for Colonial Pipeline barrels over Buckeye Pipeline showed a supply-demand mismatch has yet to be worked out.

Jun 24 - Global carbon emissions from energy to plateau this decade - S&P Global Platts Analytics
Global CO2 emissions from energy consumption are expected to hit a plateau this decade before starting to decline after 2035, according to S&P Global Platts Analytics Scenario Planning Service.

Jun 23 - Canada's crude-by-rail exports in April plunge to lowest level since early 2019: government data
Canadian crude-by-rail exports plunged to the lowest level since early 2019 in April as producers slashed output in the wake of the coronavirus pandemic, government statistics showed.

Jun 23 - ICE LSGO futures net speculative length rises 6,045 lots on week
Speculative net long positions in ICE low sulfur gasoil futures rose 6,045 contracts to 34,899 in the week to June 16, according to ICE data June 22.

Jun 20 - US sanctions Mexican network, two shippers linked to Venezuelan crude sales
The US Treasury Department on June 18 imposed sanctions on several Mexico-based individuals and companies linked to the resale of more than 30 million barrels of Venezuelan crude, including roughly 40% of PDVSA's April exports.

Jun 20 - Singapore July ex-wharf marine fuel term prices fall amid weak demand
Singapore's ex-wharf term price indications for July-loading 0.5% sulfur marine fuel fell to a discount of $32-34/mt to the Mean of Platts Singapore 10 ppm gasoil assessments, amid weak demand for low sulfur bunker fuel, sources said on June 19.

Jun 20 - ARA fuel oil stocks down 11% on week to 1.521 mil mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub fell 11% to 1.521 million mt in the seven days to June 17, according to data from Insights Global, although despite the decline sources said demand was still lacking from the market following the coronavirus pandemic.

Jun 20 - Container shipping evolving to face ultimate Q3 test
With tentative signs of a recovery emerging, shipping carriers may be easing their strict limits on sailings. But the crucial third quarter could be the industry's toughest test yet.

Jun 20 - Crude rises as OPEC+ compliance hopes overshadow virus risks
Crude futures settled higher June 19 as the market shrugged off concerns of a coronavirus pandemic resurgence amid tighter supply outlooks.

Jun 19 - Shipping firm Maersk says Q2 demand beats initial expectations 
A.P. Moller-Maersk, the world's top container shipping firm, said on Wednesday that market demand was developing "more favourable than originally expected" in the second quarter, sending its shares up 7%. The coronavirus crisis hit the container shipping trade as supply chains were upended and businesses and factory activity in China and later across the world was disrupted.

Jun 19 - Cargo ship calls at Singapore hub plummet to 27-year low, marine fuel sales fall 
Cargo ship arrivals in Singapore, the world's top transhipment and bunkering hub, plummeted to their lowest in nearly three decades in May, while dragging sales of marine fuels to a three-month low, official data showed. As the coronavirus pandemic hit global trade, the number of cargo ships calling at the world's top transhipment port fell in May to 3,059, the lowest since at least January 1993, the oldest available figure, data from the Maritime and Port Authority of Singapore (MPA) showed. 

Jun 19 - Weary sailors pose risk to world merchant fleet - UN shipping chief 
Hundreds of thousands of weary seafarers stuck on ships for many months and unable to go home due to the coronavirus pose a risk to the safe operation of the world's merchant fleet, the UN's shipping chief said on Tuesday. About 90% of world trade is transported by sea and continued complications with changing over ship crews due to restrictions in some jurisdictions is still affecting supply chains despite an easing of lockdown in many parts of the world.

Jun 19 - India's HPCL sells HSFO loading July 6-8 from Mumbai
HPCL is an occasional seller of high sulfur fuel on a spot tender basis, according to market sources.

Jun 19 - Japan's April bonded bunker fuel oil sales fall 8% on month to 2.72 million barrels
Japan sold 2.72 million barrels of bonded bunker fuel oil in April, down 8% from March and up 23.8% year on year, Ministry of Economy, Trade and Industry data released June 12 showed.

Jun 19 - S Korea marine fuel 0.5%S differential plunges to 10-month low on weak demand
Poor demand for delivered marine fuel 0.5%S in South Korea has pushed its differential against the FOB Singapore 10 ppm gasoil assessments to a 10-month low of minus $45.35/mt on June 17, S&P Global Platts data showed.

Jun 19 - Exxon boosts trading capabilities with Singapore LNG terminal capacity
- sources
"There's not much of a contango this year, so it's not worth renting space," a Singapore-based trader said.

Jun 19 - Mitsubishi's Petro-Diamond Singapore close to winding up operations
Most employees will leave by end June.

Jun 19 - Sweden's Lysekil upgrade awaiting government decision
An upgrade of Preem's Lysekil refinery near Brofjorden, Sweden, which has been cleared by the highest environmental court in Sweden, was awaiting government approval, the company said June 18.

Jun 19 - Hong Kong's Apr fuel oil imports fall 18% on month to 3.34 mil barrels
Hong Kong imported 3.34 million barrels of fuel oil in April, down 18.3% from March and down 18.6% year on year, latest data released by Hong Kong's Census and Statistics Department showed.

Jun 19 - Italia's May oil product demand plunges 28.5% as pandemic slams consumption
Italy's demand for refined oil products slumped in May, as the nationwide lockdown to contain the spread of the coronavirus pandemic curbed the movement of people and brought much of economic activity to a halt, data released by industry group Unione Petrolifera showed June 17.

Jun 19 - Bunker fuel trader Glander sees FY2019-20 revenues soar amid IMO 2020 transition
Glander International Bunkering reported a 19.4% rise in total revenue in its 2019-20 fiscal year amid an eventful year for the bunker industry, the marine fuel trader said in a statement June 18.

Jun 19 - UAE's Fujairah gets third oil refinery, new storage tanks in quest to build hub
Ecomar Energy Solutions has started operations of the third oil refinery in Fujairah as the emirate on UAE's east coast builds its role as an oil trading and bunkering hub.

Jun 19 - Norway's Boreal Sjo orders two zero-emissions battery powered ferries
The ships are expected to commence commercial operations in autumn 2021

Jun 19 - Minimal impact from Oita refinery shutdown on west Japan bunker supply
- sources
"The Oita refinery wasn't producing much since the market for bunkers is not good at all," a trader said.

Jun 18 - JXTG's gasoline cargo purchase from Singapore signals demand recovery
Japan's gasoline demand is showing signs of recovery following the lifting of its state of emergency, prompting the country's largest refiner, JXTG Nippon Oil & Energy, to snap up at least one MR-sized gasoline cargo from Singapore, which is believed to be the first overseas purchase in months.

Jun 18 - NWE gasoline crack spread touches 13-week high
Amid a continued recovery in the gasoline market, the Northwest European gasoline crack spread - the difference between the premium unleaded gasoline price and Dated Brent - reached $3.70/b on June 16, the highest since March 11.

Jun 18 - EIA says total US ULSD stocks draw for first time since March
Ultra low sulfur diesel stocks in the US drew for the first time since the week that ended March 27, falling 1.22 million barrels to 160.78 million barrels during the week that ended June 12, US Energy Information Administration data released June 17 showed.

Jun 18 - Bunker market can expect good supply of VLSFO through 2020 - industry expert
While pockets of tight availability of 0.5%S marine fuel have been reported recently, most notably in the Mediterranean, the general outlook will be one of good availability over the next few months, Robin Meech, managing director of Marine and Energy Consulting said during the S&P Global Platts European Bunker fuel Virtual Conference on June 16.

Jun 18 - Middle East crude steady even as Brent/Dubai EFS widens to over 3-month high
Front-month Brent/Dubai Exchange Futures for Swaps spread widened to a three-month high mid-morning of June 17, as market participants await for the outcome of Qatar's Al-Shaheen crude tender that closed June 16 evening.

Jun 18 - VLSFO flows from Europe to Asia down 86% since January
Trade flows of low sulfur fuel oil from Europe to Asia have plummeted 86% since the start of the year, following the coronavirus pandemic and difficult economics for an eastward arbitrage as the global market remains well supplied.

Jun 18 - US sanctions prompt Greek shipowners to cease Venezuela oil activity
Greek shipowners have pledged to stop commercial activity with Venezuela after four oil tankers managed by Greek companies were blacklisted under US sanctions for traveling to the Latin American country.

Jun 18 - Singapore July LSFO arbitrage volume similar to June; supply to stay sufficient -
traders
Singapore is expected to receive about 2 million mt of low sulfur fuel oil from the West in July, similar to June, traders said in the week started June 14.

Jun 17 - EIA report supports prices, but crude stays in red on virus concerns
NYMEX WTI futures clawed back some early session falls in the June 17 US midmorning following a smaller-than-expected build in US crude inventories last week, but remained in negative territory on signs of the coronavirus pandemic flaring up again.

Jun 17 - Wait to load sugar in Brazil Santos RUMO terminal hits 45 days 

The average waiting time for vessels to load sugar at Brazil's main export terminal in the Santos port rose to staggering 45 days in the week ended in June 14, according to data from shipping agency Cargonave. Waiting time for vessels at the RUMO SA terminal in Latin America's largest port was an already high 41 days in the previous week, Cargonave said. At this time last year waits were between five and seven days.

Jun 17 - Refined products output tumbles in April to 1.729 million barrels
Battered by a force majeure that halted crude deliveries to principal refineries for most of the month, Ecuador produced just 1.73 million barrels of refined products in April, according to data on the central bank's website June 16.

Jun 17 - Road fuel deliveries slump 37% in May, heating oil sales soar 130%
Road fuel deliveries in France plunged 37% year on year to 2.658 billion liters (702 million gallons) in May, with a 39.5% slump in gasoline consumption compounding a 36.2% drop in diesel demand, industry group UFIP said on its website, citing the latest data from the country's oil industry committee CPDP.

Jun 17 - April biodiesel demand down 43.5% on year; ethanol down 31.4%
Spain's biodiesel consumption dropped by 43.5% on the year to 63,415 mt in April, which was also 20.3% lower than consumption in March, according to data from the country's strategic reserves agency CORES.

Jun 17 - South Korea ULSD cash differential flips into premium, hits 19-month high
The cash differential for 10 ppm sulfur gasoil cargoes loading from South Korea flipped into positive territory and jumped to a 19-month high, on the back of rising demand and crimped supply which have worked to shore up prices, Asian middle distillate sources said.

Jun 17 - SGC HSFO cracks continue to find support from coker feed needs, Saudi power generation demand
US Gulf Coast high sulfur fuel oil prices have been boosted in recent weeks by an increase in demand for US coker feed, according to sources.

Jun 17 - Japan marine fuel 0.5% differentials slumps to 10-month low as demand destruction persists
The delivered Tokyo Bay marine fuel 0.5% differential to Singapore 10 ppm gasoil cargo assessments plunged to a 10-month low of minus $60.14/mt on June 15, S&P Global Platts data showed as demand destruction from the COVID-19 outbreak continued to take its toll on the market.

Jun 17 - Jet fuel demand to fall 62% on year in Q3: IEA
The International Energy Agency in its monthly oil market outlook released June 16 sees a bearish demand picture for jet fuel through 2021.

Jun 16 - RUSSIA July crude export duty rises by more than 350%
The export duty on Russia's Urals crude and other blends not subject to the country's more favorable tax rates has been set at $37.80/mt for July, up 355% from $8.30/mt in June, the Russian Finance Ministry said June 15.

Jun 16 - US crude stocks expected lower on storm-driven production decline
US crude inventories are expected to have fallen last week amid weather-related Gulf of Mexico production losses and a drop in imports, an S&P Global Platts analysis showed June 15.

Jun 16 - Fujairah bunker volume rises 2% on year in May, LSFO dominates
Bunker volume at the Port of Fujairah in May rose 2% from a year earlier, posting the second consecutive month of year-on-year increase, with LSFO dominating registered bunker barges, the Fujairah Oil Tanker Terminals or FOTT said in its latest monthly summary.

Jun 16 - SINGAPORE May bunker fuel sales decrease 4.59% on month to 3.93 million mt
Singapore's bunker fuel sales in May decreased 4.59% on the month to 3.93 million mt, preliminary estimates from Singapore's Maritime and Port Authority (MPA) released June 15 showed.

Jun 16 - USGC middle distillate flows to Europe at 510,000 mt so far in June: cFlow
US Gulf Coast middle distillate shipments due to arrive in Europe in June are expected to be at least 510,000 mt, with around 190,000 mt bound for Northwest Europe and 320,000 mt for the Mediterranean, data from S&P Global Platts trade flow software cFlow showed June 15.

Jun 16 - Shanghai energy exchange appoints delivery warehouses for LSFO delivery

Shanghai International Energy Exchange has appointed four delivery warehouses to activate a total 320,000 mt of storage capacity for its upcoming low sulfur fuel oil futures contract.

Jun 16 - API seeks US intervention in Mexico discrimination against US fuel companies
The American Petroleum Institute has asked the US government to urge Mexico to uphold its commitments to the United States-Mexico-Canada Agreement and to stop discrimination against US companies in Mexico's fuel market.

Jun 12 - Japan marine fuel 0.5% differentials in discounts in June; market seen bottoming
The delivered Tokyo Bay marine fuel 0.5%S differential to Singapore 10 ppm gasoil cargo assessments has remained in discounts so far in June, averaging minus 53 cents/mt over June 1-10, compared with a premium of $7.56/mt over May 20-29 and a monthly average of $21.41/mt in May, S&P Global Platts data showed, as weak demand coupled with ample supply weighed on the market this month.

Jun 12 - Price declines extend as economic storm clouds gather
Oil futures price declines extended in early morning trading June 11 as US equity markets opened sharply lower amid economic growth concerns.

Jun 12 - Hamburg Port Authority eyes growing use of LNG as bunker fuel
"LNG is playing an increasingly important role as a low-emission fuel in the cruise industry, as well as for container ships. That's also becoming increasingly tangible at the port of Hamburg," the CEO of Hamburg Port Authority, Jens Meier, said in a statement.

Jun 12 - Singapore 180/380 CST HSFO spread widens to 3-month high on strong 180 CST demand
The strong demand for 180 CST high sulfur fuel oil for power generation has widened the spread between FOB Singapore 180 CST HSFO and 380 CST HSFO, otherwise known as the viscosity spread, to a three-month high of $15.40/mt on June 10, fuel oil traders in Singapore said.

Jun 11 - Sugar shipping rush in Brazil amid COVID surge causes huge vessel logjam
More than 70 ships are lined up at Brazil's port of Santos to load sugar for export in a queue that may take a month to clear after buyers worldwide scrambled to get ahead of possible disruption caused by the ravages of the coronavirus pandemic. A large share of the global sugar trade turned to Brazil, which posted record output, and after poor harvests in India and Thailand. The South American nation now has, however, the second-most COVID-19 cases worldwide at more than 610,000.

Jun 11 - Port of Los Angeles cargo volume tumbled 30% in May 
The Port of Los Angeles' May cargo volume fell 30% from last year due to coronavirus-related business shutdowns and the ongoing U.S.-China trade war, Executive Director Gene Seroka said on Wednesday. The Port of Los Angeles is the No. 1 U.S. gateway for trade with China. Last month, the nation's busiest port registered its lowest May volume since the "Great Recession" of 2009, Seroka said.

Jun 11 - China's coal imports fall nearly 20% in May even as demand rises 
China's coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industrial users, customs data showed on Sunday. Analysts and industrial participants had expected China to tighten coal import rules in the second half of 2020 to support domestic miners, and imports starting in July may drop by as much as a quarter from the corresponding 2019 period.

Jun 11 - U.S. sanctions imposed on Iranian shipping network over proliferation take effect 
U.S. sanctions imposed on Iran's shipping network took effect on Monday, months after they were announced in December following accusations of supporting proliferation of weapons of mass destruction. U.S. Secretary of State Mike Pompeo in a statement on Monday warned commercial and maritime industries, governments and others that they risked U.S. sanctions if they did business with the Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Company.

Jun 11 - Engen acquires barge for Namibian bunkering
South Africa refiner Engen has acquired a new barge for bunkering marine gasoil in Namibian waters, the company said in a press release June 10.

Jun 11 - Singapore July ex-wharf MF 0.5%S bunker term talks inconclusive on wide bid-offer spread
Negotiations for the term supply of Singapore ex-wharf marine fuel 0.5%S bunker for July were largely inconclusive so far, as the market was still awaiting cues on near-term price direction amid a wide bid-offer spread, market sources said June 9.

Jun 11 - Monjasa to grow English Channel as bunker hub
Danish bunker fuel supplier and shipping firm Monjasa sees huge potential in the English Channel and wants to expand its services along the key waterway in what could act as a complementary bunkering hub to the dominant Amsterdam-Rotterdam-Antwerp region.

Jun 11 - Shanghai marine fuel 0.5% differential plunges to 8-month low on weak demand

The Shanghai delivered marine fuel 0.5% differential to Singapore 10 ppm gasoil cargo dropped $8.69/mt week on week to an 8-month low of minus $29.87/mt on June 9 on poor demand, S&P Global Platts data showed.

Jun 11 - High sulfur IFO 380 bunker fuel faces reduced demand at Latin American ports

As the Latin American bunker fuel market approaches six months since the rules for lower sulfur content in marine fuels took effect globally, a market for high sulfur IFO 380 fuel can now only be found at a reduced number of ports in the region, according to local data and bunker sources.

Jun 11 - Rotterdam 0.5%S fuel oil barges near three-month high as coronavirus restrictions ease
European 0.5%S fuel oil barges reached a near three-month high on June 9, as the wider oil complex finds some support from the easing of coronavirus-related lockdowns.

Jun 11 - Marine fuel 0.5%S in key Latin America ports rebounds in June to highest prices since end-April
Marine fuel 0.5%S in key Latin American ports this week reached their highest prices since end-April, when they fell to their lowest recorded values under the pressure of the low demand caused by falling oil prices and the coronavirus pandemic.

Jun 11 - South Korea to support construction of LNG bunker vessel
The South Korean government said June 10 it supported the build of an LNG bunker barge, in a bid to promote the use of LNG-powered vessels and facilitate fuel supply.

Jun 10 - Prices spike late on slow Gulf of Mexico rebound, bullish 2021 EIA report
Crude oil prices spiked late June 9, ending in positive territory after trading down for most of the day, following a bullish US government report on 2021 global oil demand and news that Gulf of Mexico production was returning slower after Tropical Storm Cristobal.

Jun 10 - BMW joins UECC, GoodShipping to advance biofuel trials in shipping
German auto manufacturuer BMW has partnered with shipowner UECC and the GoodShipping Program to advance biofuel trials on UECC's roll-on, roll-off' car carrying vessels, paving the pathway for decarbonization for car carrier ships as environmental rules loom.

Jun 10 - European LSSR strengthens on VLSFO blending despite muted bunker demand
Northwest European low sulfur straight run values rose sharply June 8, following a competitive bid in the Platts Market on Close assessment process.

Jun 10 - Repsol expands VLSFO offer to 15 Spanish ports

Jun 10 - Knutsen NYK Offshore Tankers orders ships with LNG-fueled gas supply systems
The order for two new 124,000 dwt shuttle tankers was placed with Wartsila in April.

Jun 10 - Fujairah's fuel oil exports fall to 18-month low with supplies held in storage
"Fuel oil in Fujairah storage will see seasonal pull from Saudi Arabia, which will soon ramp up HSFO imports," Wright said.

Jun 09 - Brazil's Petrobras sets fresh record for bunker fuel exports in May
Brazilian state-led oil producer and refiner Petrobras set another fresh monthly record for bunker fuel exports in May, consolidating the company's emergence as an important supplier of the fuel to global shippers amid a recovery in vessel traffic as the impact of the coronavirus pandemic fades.

Jun 09 - Equinor, Total intensify shipping emissions efforts
Norway's Equinor and France's Total have announced new steps toward reducing their shipping sector emissions as part of a broader push for net-zero emissions by the oil and gas industry.

Jun 09 - Crude retreats as market eyes rising production forecasts
The oil complex settled lower June 8 as global supply forecasts increased despite a one-month extension of the OPEC+ output cuts.

Jun 09 - GCC Bunkers expands operations to enter Gulf of Mexico offshore market
GCC bunkers will begin offering retail marine fuels for offshore delivering in the Gulf of Mexico, a company official said June 8.

Jun 09 - Libyan oil exports briefly pick up, NOC gears up for cautious return

Jun 08 - Sugar shipping rush in Brazil amid COVID surge causes huge vessel logjam
More than 70 ships are lined up at Brazil's port of Santos to load sugar for export in a queue that may take a month to clear after buyers worldwide scrambled to get ahead of possible disruption caused by the ravages of the coronavirus pandemic. A large share of the global sugar trade turned to Brazil, which posted record output, and after poor harvests in India and Thailand. The South American nation now has, however, the second-most COVID-19 cases worldwide at more than 610,000.

Jun 06 - Shenzhen Gas to construct LNG bunker hub in Southeast China
Project will use bunkering vessels with capacity of 8,000-10,000 cu m to provide LNG.

Jun 06 - Oil settles sharply higher on improved demand outlooks following US jobs report
Continued decline in US drilling activity further added to upward price momentum.

Jun 06 - ScanOcean performs first ever bunker operation at new Stockholm Norvik port
Stockholm area accounts for 50% of Swedish consumption.

Jun 06 - Northwest European HSFO crack up on storage, US feedstock demand
Post-IMO-2020 sees HSFO continue to show resiliency in finding new outlets for consumption.

Jun 05 - American Airlines's 30% cuts to management staff start in its upper ranks. The airline announced a major reshuffling of its senior executives, including departures of several longtime officers with connections to pre-merger American Airlines. Some current executives are getting promotions: David Seymour, who has been senior vice president of operations, will become chief operating officer. Vasu Raja, who has been senior vice president of network strategy, will take on the newly created role of chief revenue officer, following the retirement of longtime executive Don Casey. Alison Taylor has been named chief customer officer.

Jun 05 - Queue of 20 VLCCs at China's Qingdao wait to offload crude as ullage runs dry
"If a receiver has tanks to receive, a berth can be allocated in one to two days," an agency source added.

Jun 05 - Singapore gasoil/LSFO spread slides from 6-month high on returning marine fuel demand
The Singapore low sulfur swaps market has been gaining strength recently after a pretty quiet May when demand was muted, a trader said.

Jun 05 - ARA diesel, gasoil stocks rise 5.5% on week to fresh seven-month high as inland demand falters
Rise represents the highest level for ARA inventories since October 16, 2019.

Jun 05 - Wartsila, other players form Zero Emission Services to promote sustainable shipping

The HEINEKEN beer company becomes the first customer of the ZES enterprise.

Jun 05 - High MGO bunker prices at Colombo pushes demand to Indian ports
"We are still receiving steady interest for MGO because of the lower prices in Mumbai," said a bunker supplier in Mumbai.

Jun 04 - Brazil grains trader sees rising demand as Argentine river shipments hit snag
Global demand for Brazilian grains is growing as Argentina and Paraguay struggle with low water levels in a key river for agricultural shipments that is preventing ships from being fully loaded, a Brazilian trading company told Reuters on Thursday. Chief Executive Frederico Humberg of trading firm AgriBrasil said the company has sold three shipments of Brazilian corn where the buyer had initially sought to buy from Argentina.

 
Jun 04 - Panama will fine ships up to $10,000 if they tamper with transponders
Panama's Maritime Authority said it will impose sanctions on vessels, including fines of up to $10,000 and withdrawing its flag from the ship, if they deliberately deactivate, tamper or alter the operation of their tracking transponders. "This General Directorate of Merchant Marine will impose sanctions to all those Panamanian flagged vessels that deliberately deactivate, tamper or alter the operation of Long Range Identification and Tracking System or the Automatic Identification System," it said in a statement.

Jun 04 - EasyJet to fly most routes by August - Natalie MacDonald, Editor at LinkedIn
EasyJet has announced plans to resume flights on 75% of its route network by the end of August. The budget airline, which is commencing limited services this month, said it would operate half of its 1,022 routes in July and 75% in August, although with lower frequencies. Last month, the company unveiled plans to axe up to 4,500 jobs due to the drop in demand caused by the coronavirus pandemic. Meanwhile, the airline is also expected to lose its place on the FTSE 100 index following the collapse of its share price.

Jun 04 - Shipping line CMA CGM targets 10% alternative bunker fuel use by 2023
French shipping line CMA CGM wants alternative fuels to make up 10% of its energy supplies by 2023 and to be carbon neutral by 2050.

Jun 04 - Tropical Storm Cristobal forced ports to close in three states in Mexico's Bay of Campeche area June 3, although there has been no major impact on oil, gas or power generation infrastructure.

Jun 04 - Port of Houston facing falling crude volumes and steel pipe tonnage for wells
Crude export volumes continue to decline and imports for steel piping to drill new oil wells have plunged at the Port of Houston as the energy sector struggles to grapple with the fallout of the global demand collapse triggered by the coronavirus pandemic.

Jun 04 - Thailand bunker supply tightens on run cuts, rise in domestic demand - sources
Bunker fuel supply in Thailand has tightened since refiners are cutting run rates, while domestic bunker demand is rising amid easing lockdowns, market sources said on June 3.

Jun 04 - Ultra low sulfur diesel stocks for all of the US hit a new record high for the week that ended May 29, after setting a record during the previous week.

Jun 04 - Asia LR2 rates fall below w100 for first time in three months
East of Suez Long Range II tanker rates slumped below the key psychological mark of w100 on June 3 for the first time in three months to a 15-week low, as refineries slow their output and barrels for trading dry up in all major exporting regions from the Persian Gulf to North Asia and India.

Jun 03 - U.S. sanctions four shipping firms for transporting Venezuelan oil
The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort to oust socialist President Nicolas Maduro by cutting off the OPEC nation's crude exports. Marshall Islands-based Afranav Maritime Ltd, Adamant Maritime Ltd and Sanibel Shiptrade Ltd, as well as Greece-based Seacomber Ltd, all own tankers that lifted Venezuelan oil between February and April of this year, the Treasury Department said.

 Jun 02 - Singapore's LSFO-HSFO spread narrows to 1-month low amid tepid demand
More competitive bunker prices at other Asian ports remains key factor.

Jun 02 - Oil treads water as market eyes OPEC+ compliance, US-China relations
Markets focused on possible extension of output cuts by OPEC+, as ministers consider moving up meeting.

Jun 02 - Platts FOB Singapore fuel oil May trading volume drops 51% on month
Dip reflects slowing demand.

Jun 02 - Jiujiang Petrochemical joins Sinopec's foray into producing 0.5% sulfur fuels in China
Domestic refiners continue to ramp up supply, lower China's dependency on imported bunkers.

May 29 - Hong Kong delivered 380 CST HSFO bunker hits 12-week high on S Korea demand.

May 29 - Singapore's EPS inks time charter deal for three LPG dual-fuel gas carriers

The mid-size gas carriers, or MGCs, are slated for delivery in 2022 from Hyundai Mipo Dockyard.

May 28 - Parched Parana River likely to hit Argentine grain exports through September 
Shallow water in Argentina's Parana River will slow exports from the grains powerhouse and hurt the country's soy crushing margins at least through September, officials said, as more cargo ships are needed to carry the same amount of commodities. Drought has pushed the Parana to its lowest level in decades, complicating transportation and soymeal production. Some ships are running aground. 

May 28 - Soy loading resumes at Brazil port after COVID-19 case, ship in quarantine 
Soybean loading operations were set to resume late on Tuesday at a berth at Brazil's Paranaguá port after a ship was ordered into quarantine following a positive COVID-19 test on a crew member, authorities said. Loading at the berth was halted after the positive test, the Williams shipping agency said, adding that it was the first confirmed case of the disease at the port since the coronavirus outbreak began.

May 28 - U.S. sanctions advisory raises hurdles for global maritime industry 
Ship owners and insurers say it may be impossible for the maritime industry to fully comply with the Trump administration’s new guidelines on how to avoid sanctions penalties related to Iran, North Korea and Syria, raising the risk of disruptions in a sector already struggling with the fallout of the coronavirus outbreak. The advisory issued this month marked the first U.S. sanctions guidance for the global maritime sector, and will test Washington’s ability to clamp down on violations without disrupting an industry that handles 90% of the world’s trade.

May 28 - Shipping plan would reel international emissions into EU carbon market 
The European Union's carbon market could capture a large chunk of emissions from outside Europe if the bloc succeeds in including shipping in the scheme, according to the European Commission's first report on maritime CO2 emissions. Pollution from ships plying international waters typically escapes countries' domestic emissions-cutting targets, but the EU's executive has said the sector must contribute to its trillion-euro push to achieve a "climate neutral" economy by 2050.

 
May 28 - From bikes to blockchain: Shipping industry goes digital in lockdown 
The coronavirus lockdown has accelerated a digitalisation drive in a global shipping and logistics sector that still routinely delivers many documents by bike messenger in some countries, according to industry leaders. Ports operator DP World said on Thursday it would join shipping company Maersk and other peers in a blockchain platform aimed at limiting the sector's costly paper trail.

May 28 - COFCO to turn Santos port terminal from grains to sugar – statement
Chinese commodities trader COFCO International said on Wednesday it will use its 12A terminal in Brazil's Santos port to move sugar instead of grains beginning in July and through the end of the year. COFCO, which manages four sugar and ethanol facilities in Brazil, said the change was a result of higher sugar production in the country this year.

May 28 - Finland's Gasum partners with LNG shipping company
"I'm also happy that loading in Norway confirms our competitiveness in the North European LNG environment," Granqvist said.

May 28 - China's INE closer to launching 0.5% LSFO bunker fuel futures contract
"The contract will be launched soon after the public consultation and a short period of practice trading," a source said.

May 28 - Japan's "K" Line advances wind propulsion plans for ships to cut GHG emissions
The company has inked an option for a further 50 installations for their fleet next year, IWSA said.

May 28 - Global bunker fuel demand set to drop 5%-10% on COVID-19 pain - expert
"The quality part of the new blended fuels has been quite satisfactory," Neo said.

May 27 - Crude hits 10-week high as economic restarts prompt demand optimism
Crude futures settled higher amid signs that the continued reopening of economies in the US and Europe could bring balance to oversupplied oil markets in coming weeks.

May 27 - Asia residue fuel market - Key market indicators this week
The Asian marine fuels market was unlikely to see any significant uptick in the ensuing days, said traders. Despite initial signs of a gradual pick up in demand, a less-than-upbeat market sentiment was underpinned by a supply overhang.

May 27 - Russia bans fuel imports until October to protect domestic refiners
Russia on Monday introduced a temporary ban on imports of oil products, including gasoline, diesel, and jet fuel, until October 1 to protect the domestic market again imports of cheap fuel, mainly from Belarus.

May 27 - Europe and Africa residual fuel -- key market indicators this week
Participants in the European 0.5% sulfur marine fuel market have been eying the possible signs of firming market sentiment in the coming weeks, as national lockdown restrictions from the coronavirus pandemic begin to ease in Europe. However with refinery runs in Europe starting to increase, supply-side pressure is expected if demand does not pick up fast enough.

May 22 - Reminder : Ascension Day on Thursday, the end of Ramadan on Friday and a Bank Holiday on Monday (LDN & NY closed)

May 22 - EasyJet to resume flights in June
EasyJet has said it will resume some flights from 15 June with mask-wearing compulsory for passengers and crew. Initially, the airline will fly on domestic routes in the UK and France, with an international route from Gatwick to Nice. It said it would expand the service as “demand increases and lockdown measures are relaxed”. The airline will introduce enhanced cleaning measures, however, it does not plan to block the middle seats as previously mooted. Several airlines are starting flights in June and July, including Alitalia and Ryanair, as the sector tries to recover from the halt on flying caused by the coronavirus pandemic.

May 22 - Brazil maritime trade surplus widens as ports remain open, farm exports strong - ATP 
Brazil recorded a $19.7 billion maritime trade surplus in the first four months of the year as imports by value fell as the real currency weakened and exports of agriculture goods remained strong, a port operators group said on Monday. The surplus is 14.56% wider than in the same period of 2019 despite the crisis caused by the novel coronavirus, which has disrupted transport systems worldwide, said ATP, which represents Brazilian private-sector terminal operators including miner Vale and grain merchant Bunge.

May 22 - China to simplify customs inspections on iron ore imports 
China will streamline the imports of iron ore and skip sampling inspection of product quality to improve trade facilitation, the General Administration of Customs said on Wednesday. Importers or agents that require a quality certificate, or known as China Inspection and Quarantine (CIQ) certificate, need to submit application to customs, which will issue the it after certain inspections. 

May 22 - Ethiopia bought 600,000 tonnes wheat in tenders - trade 
An Ethiopian government agency bought an estimated 600,000 tonnes of wheat to be sourced from optional origins in two international tenders which closed in late April, European traders said on Wednesday. The purchases involved 400,000 tonnes of wheat in a tender which closed on April 29 and 200,000 tonnes which closed on April 30.

May 22 - European jet paper cracks hit 7-week high amid refinery run cuts
Northwest European jet swap cracks have hit a seven-week high as positive sentiment buoys the paper market, while refinery run cuts bite.

May 22 - Med refineries unlikely to hike runs as bad margins offset rising road fuel demand
Mediterranean refineries are unlikely to ramp up their run rates in the short term as refinery margins remain poor despite an uptick in demand for diesel and gasoline in Europe as countries ease restrictions introduced to combat the COVID-19 spread, according to traders.

May 22 - Small-scale LNG terminal in Poland takes next step
In a bid to increase the use of LNG as a fuel in both maritime and road transport, a feasibility study for a small-scale LNG terminal in Gdansk has been completed with the next step being a decision on whether to precede with the project, Lotos Group said.

May 21 - Germany agrees Eur25/mt start to CO2 tax for transport, heating
The German cabinet has agreed a new CO2 price for transport and heating to start next year at Eur25/mt, economy and energy minister Peter Altmaier and environment minister Svenja Schulze said Wednesday.

May 21 - Singapore LSFO arbitrage inflow to fall in June, supply to stay ample - traders
Singapore is expected to receive about 2 million mt of low sulfur fuel oil from the West in June, lower than the 2.5 million-3 million mt in May, traders said this week.

May 21 - EIA says Midwest ULSD stocks near 20-month high
Ultra low sulfur diesel stocks in the Midwest continued to build for the fifth consecutive week to 34.89 million barrels during the week that ended May 15, rising 1.60 million barrels, Energy Information Administration data showed Wednesday.

May 21 - NYMEX WTI ticks above $32/b as June contract expires without drama
NYMEX WTI crude oil futures climbed Tuesday to their highest values in more than two months as the front-month June contract expired, avoiding any repeat of last month's dive into negative pricing.

May 21 - Price-conscious bunker industry faces tough choices over credit
Tough financial times are bringing the issue of credit lines to the forefront of the shipping industry once again, with crumbling oil demand and tighter credit conditions forcing the industry into some hard choices -- from obtaining or providing credit to broader questions around consolidation. Tentative signs of a demand recovery as measures to combat the coronavirus pandemic are eased offer only limited encouragement.

May 21 - S Korean 0.5% marine fuel premiums move higher on short supply
A crimp in bunker fuel availability led the key 0.5% grade marine fuel delivered in Busan/Ulsan to move higher this week, rising $61/mt or 29% week on week to $271/mt Wednesday, S&P Global Platts data showed.

May 21 - Jet fuel floating storage rises in Northwest Europe
Floating storage levels in Northwest Europe have been rising on the back of weaker clean tanker freight rates, with increased storage demand also helping to buoy the jet fuel premium to front-month ICE low sulfur gasoil futures.

May 21 - Price rally slows amid unexpected dip in US refined product demand
An early morning rally in NYMEX RBOB futures faltered midmorning Wednesday on the heels of a surprise build in US gasoline stocks last week.

May 20 - Release of water from Paraguay dam to help soy barges get to Argentina 
Paraguayan soy barges stuck on the Parana River will be able to continue to journey to the crushing plants of Argentina thanks to the discharge of water from the Yacyreta dam, representatives of the agro-export sector said on Tuesday. The release is aimed at temporarily increasing the level of the Parana, the region's grains cargo superhighway, which empties out into the shipping lanes of the south Atlantic. The level of the waterway has been dramatically reduced by drought, putting global trade flows at risk.

May 20 - Shipping data suggests Brazil may break monthly sugar export record 
The line of ships waiting to load sugar in Brazil has more than doubled in the last week, suggesting Brazil may set a new monthly sugar export record, Plinio Nastari, the president of consultancy Datagro told Reuters. In the first two weeks of May, Brazil exported 1.57 million tonnes of sugar, already exceeding the volume shipped in the entire month of May 2019, according to government data.

May 20 - Saudi Aramco cancels, defers up to 9-10 LPG cargoes for June lifting - traders
Saudi Aramco has announced acceptances of June-lifting term LPG nominations, with up to 10 cargoes canceled or deferred to July, traders said Tuesday, a move that was in line with the market's expectations.

May 19 - Ryanair to cut up to 3,000 jobs
Ryanair is in talks with employees and trade unions about pay cuts, unpaid leave and up to 3,000 job cuts. The airline announced it made over €1bn in profit in the financial year ending March, but the company projects a €200m loss for this quarter. Ryanair plans to restart large numbers of flights from July, its CEO Michael O’Leary told the BBC, but the carrier expects passenger numbers to drop to 80 million in the present fiscal year, about half its original target of 154 million.

May 19 - Refineries in Europe raise runs, restart
Italy's API refinery, which closed due to weak demand in the wake of the coronavirus pandemic, has now restarted, with refineries in Europe gradually raising runs as countries lift restrictions and demand starts picking up.

May 19 - USGC middle distillate flows to Europe at 230,000 mt so far in May - cFlow
US Gulf Coast middle distillate shipments due to arrive in Europe in May amount to about 230,000 mt so far, with around 190,000 mt bound for Northwest Europe and 40,000 mt for the Mediterranean, data from S&P Global Platts trade flow software cFlow showed Monday.

May 19 - Mar fuel oil imports rise 7.2% on month to 4.08 mil barrels
Hong Kong imported 4.08 million barrels of fuel oil in March, up 7.2% from February but down 16.5% year on year, data released Monday by Hong Kong's Census and Statistics Department showed.

May 19 - European distillate swaps surge as countries emerge from lockdown
The middle distillate swaps complex saw a glimpse of blue skies ahead as prompt differential swap values soared over the last week on the back of lockdowns across Europe starting to ease.

May 19 - Global flying capacity shoots up - OAG
Global flying capacity for the week ahead has shot up 6% on the week to above the 30 million seat mark, but remains well below the around 115 million seat level at this time last year, according to air travel data provider OAG.

May 19 - Med ULSD cargoes rise to 18-month high versus NWE cargoes on reduced production
Mediterranean ultra-low sulfur diesel cargoes strengthened to a 18-month high versus Northwest European ULSD cargoes Thursday as demand picks up in the south amid strongly reduced refinery output, while in the North the impact of increasing consumption has been partly offset by the huge amount of product in floating storage.

May 18 - Asia residue fuel - Key market indicators this week
Asia's low sulfur residual fuel market is expected to trade in a narrow range with no major upside expected in the near term.

May 18 - Fujairah port's FOTT bunker volume jumps 8% in April, first gain this year
The Fujairah port on the UAE's eastern coast handled 8% more bunkers in April over the year earlier, the first increase in 2020, Fujairah Oil Tanker Terminals or FOTT said in its monthly activity report.

May 18 - European 0.1% gasoil at rare spot premium to ULSD as coronavirus skews demand - sources
Certain Mediterranean cargoes and ARA barges of 0.1% sulfur gasoil traded at a premium over 10 ppm sulfur ULSD last week, a very rare though not unprecedented trend, traders in the European cash market said Monday, citing considerably skewed demand for refined products caused by measures introduced to limit the spread of the coronavirus.

May 15 - Chevron launches USGC offshore bunkering as prices dip to new lows
Chevron Marine Fuels has begun offering an offshore bunkering option on the US Gulf Coast, with shipping traffic at a standstill amid pandemic demand destruction, the company said.

May 15 - US warns energy, metals industries of sanctions risk from 'illicit shipping'
The US government warned the global maritime, energy and metals industries Thursday to be on guard for "illicit shipping" schemes that expose them to sanctions risks, particularly with trades involving Iran, North Korea and Syria.

May 15 - Danish oil product tanker company Torm says rates rising in Q2

Danish oil-product tanker company Torm said Thursday that freight rates were continuing to power ahead into the second quarter after it cruised to its strongest Q1 results in a decade.

May 15 - Low LSFO prices in S Korea amid ample supply attract north Asia buyers
An increased month-on-month supply of marine fuels in South Korea this month has dragged down marine fuel prices, drawing demand from bargain hunters across north Asia.

May 15 - USGC high sulfur fuel oil M1 swap crack strongest in 10 months despite thin liquidity

High sulfur fuel oil markets have seen a rebound in prices and crack spreads in May, though several market participants have said that the movement seems divorced of current market fundamentals.

May 15 - Will bunker prices go into negative territory ?

Recently we saw the US WTI crude contract for May drop into negative territory. These remarkable prices were driven by low storage availability and flurry of sellers looking to close their positions ahead of expiry.

May 14 - Australia's Port Hedland iron ore shipments to China up 10.6% in April 
Australia's shipments of iron ore to China from the world's top export hub of Port Hedland jumped to 38.7 mln tonnes in April, data from the port authority showed on Friday. Shipments were up by 10.6% from a year earlier, although they shrank by 4.2% from March's figure of 40.43 million tonnes, the data showed. 

 
May 14 - Argentina clears debris from Parana River, improving grains cargo traffic 
Grains flow improved on Argentina's Parana River after debris from a landslide slowed cargo ships over the weekend, the local ports chamber said on Wednesday, while lower-than-normal water levels continued to put downward pressure on traffic rates. May is the peak corn and soy harvesting season in Argentina, one of the world's top exporters of both agricultural commodities. 

 
May 14 - Brazil's Itaqui port open despite coronavirus lockdown, grain shipments up 
Brazil's Itaqui port, from where more than 10% of the country's soybeans were exported last year, has not been affected by lockdown measures imposed this week in Maranhão state due to the novel coronavirus, an official said in an interview on Thursday. Port activity is considered exempt from the order and personnel, rail services and trucks continue to have normal access to the port area, said Ted Lago, the port's president.

May 14 - Mediterranean diesel swaps hit 6-week high on refinery run cuts
Mediterranean diesel paper values have risen to the highest level since the end of March amid refinery run cuts, particularly in the Mediterranean, and lower freight rates, market sources said Wednesday.

May 14 - Bunker price recovery unlikely to be as rapid as collapse - BIMCO
Past crises and price shocks were a reminder that any price recovery in the bunkers market was unlikely to be as rapid as the collapse, while low prices held mixed implications for the shipping industry, international trade association BIMCO said Wednesday.

May 14 - New Orleans marine gasoil hits all-time low as coronavirus hurts demand
Ex-wharf marine gasoil in New Orleans hit a record low Wednesday as bunker demand on the US Gulf Coast continues to be battered by the COVID-19 pandemic.

May 14 - Singapore's Sembcorp Marine hurt by coronavirus capex cuts by customers
Sembcorp Marine has been hard hit by spending cuts due to the coronavirus pandemic and the collapse of oil prices, the Singapore-based company said Wednesday.

May 14 - Aframaxes in North Sea weigh their options amid subdued activity
Aframax shipowners in the North Sea region are considering their options with freight rates weighed on by an absence of cargoes, market sources said.

May 14 - Shipping line Maersk foresees up to 25% drop in Q2 volumes
Danish container giant Maersk warned of a difficult period ahead, according to its first-quarter earnings report Wednesday, with a possible 20-25% decrease in freight volumes in Q2.

May 14 - Rising arbitrage volumes, limited outlets push 380 CST HSFO cash differentials to all-time lows
A supply length and increasing volumes into Singapore from Europe over May and June have sent the Singapore 380 CST high sulfur fuel oil cash differentials crashing to all-time lows in recent days, showed S&P Global Platts data.

May 13 - Singapore Marine Fuel 0.5%S Jun/Jul spread narrows to seven-week high on thinner supply
The Singapore Marine Fuel 0.5%S front-end June/July contango narrowed to a seven-week high on Monday amid tightening supply, showed S&P Global Platts data, reversing a downward trend that lasted for a few months.

May 13 - EU opens Eur112 million call for low-carbon energy research

The European Commission is making Eur112 million ($122 million) available for low-carbon energy research, including CO2 storage pilots, carbon capture and use/storage for heavy industry and converting industrial waste heat into electricity.

May 13 - Run cuts, lower product demand slash USGC clean freight
A recent drop-off in cargo supply out of the US Gulf Coast has pushed clean tanker freight down as much as 61% on week on some routes, with refineries slowing throughput and oil product demand low globally amid the coronavirus pandemic.

May 13 - Cancelled Asia-Europe fixtures to pressure freight lower - sources
Several spot tankers' freight deals to deliver around half a million mt of gasoil and jet fuel into Europe have been cancelled in the last few days as refineries in the Middle East reduce output and countries in Europe struggle to handle surplus oil products due to varying levels of coronavirus-related lockdowns, industry sources across Asia said Tuesday.

May 13 - Singapore court appoints Ernst & Young as judicial manager for Ocean Tankers
Singapore's High Court has granted the application by shipowner Ocean Tankers to be placed under judicial management at the same time partners from the accounting firm Ernst & Young were appointed interim judicial managers after a hearing on Tuesday morning, a source said.

May 13 - Scorpio Bulkers postpones 13 scrubber installations amid investment cuts

Dry bulk company Scorpio Bulkers said Monday it has delayed the installation of 13 scrubbers as part of a wider effort to cut costs.

May 12 - Crude declines as COVID-19 flare-ups prompt demand concerns
Weakened global demand outlooks overshadowed additional voluntary output cuts pledged by Saudi Arabia.

May 12 - Japan's "K" Line defers forecasts, take steps to tide over coronavirus uncertainty
"At the current time, forecasts for FY2020 and dividend payments are undecided," it said.

May 12 - S Korea high and low sulfur bunker fuel fundamentals diverge
Ample supply of the low sulfur grade amid weak demand has dragged marine fuel 0.5%S premiums deeper into negative territory.

May 12 - Japex aims for LNG bunkering at Tomakomai, Hokkaido in 2020s
Japx recently concluded a study for early realization of LNG bunkering at Tomakomai. In Full »

May 12 - Australia's AMSA detains bulk carrier on violation to IMO's HSFO carriage ban
"The non-compliant fuel oil on board had sulfur content of 1.38%," AMSA said.

May 09 - Singapore's residue stocks gain 8.7% to 24.1 mil barrels on higher imports
Singapore's commercial onshore residue stocks gained 8.7% week on week to 24.136 million barrels, or 3.8 million mt, over April 30-May 5 amid higher imports, Enterprise Singapore latest data released Wednesday showed.

May 09 - Crude rallies as market eyes tightened global supply picture
Oil futures rallied in final minutes of trading to settle up 5% on the day as the global supply picture in the wake of more producers announcing cuts Friday.

May 09 - Floating storage interest remains quiet despite weakening freight rates
"Shipowners are still holding up to high time charter rates as they believe floating storage fixing will pick up," a broker said.

May 09 - BP Midstream expects lower Q2 pipeline flows on coronavirus impact
BP Midstream reported first-quarter pipeline flow rates similar to the fourth quarter of 2019, but withdrew previous guidance and will no longer provide full-year guidance due to extreme market uncertainties arising from the coronavirus pandemic, CEO Rip Zinsmeister said Friday.

May 09 - HollyFrontier sees more normal North American crude markets by end year

US refiner HollyFrontier expects more normal North American crude price relationships to return by the end of the year as refiners ramp up runs to meet growing demand for gasoline and diesel, company executives said Thursday.

May 08 - Brazil's Itaqui port open despite coronavirus lockdown, grain shipments up 
Brazil's Itaqui port, from where more than 10% of the country's soybeans were exported last year, has not been affected by lockdown measures imposed this week in Maranhão state due to the novel coronavirus, an official said in an interview on Thursday. Port activity is considered exempt from the order and personnel, rail services and trucks continue to have normal access to the port area, said Ted Lago, the port's president.

May 08 - Crude retreat extends as rally loses steam
Crude futures settled lower Thursday as traders looked to book profits amid uncertain supply and demand outlooks.

May 08 - Gasum subsidiary conducts first ship-to-ship LNG bunkering for product tanker in Germany
Hamburg-based LNG provider Nauticor, a subsidiary of Gasum, said it has conducted the first ship-to-ship LNG bunkering operations for a product tanker in Germany.

May 08 - Bunker One expands supply fleet in West Africa, USGC, Caribbean
Physical bunker supplier, Bunker One, has announced plans to expand its fleet across the US Gulf, the Caribbean and West Africa, the company said in a statement Thursday.

May 08 - International Seaways shifts three scrubber installations on pandemic floating storage need
International Seaways is postponing three of its 10 VLCC scrubber installations to align with the next natural dry docking days for these ships in 2021, as the company expects a bullish second- and third-quarter tanker market due to excessive crude supply and the resulting need for seaborne storage of oil and products, President and CEO Lois Zabrocky said Thursday.

May 07 - Scorpio tankers postpones 19 scrubber installations amid deteriorating economics
Move comes as spread between 0.5% sulfur fuel oil and scrubber-worthy 3.5% S FO narrows.

May 07 - Oil snaps upward streak as demand outlooks dim
Overnight price rally fades ahead of the start of US trading.

May 07 - Hong Kong marine fuel premiums rebound as demand moves away from Singapore
Shipowners opt to take bunker fuel from the port given its attractive valuations instead of the bunkering hub of Singapore.

May 07 - Backwardation in ARA gasoil barge market signals healthy demand: sources
Sources attributing the trend to strong demand from consumers.

May 05 - Tanker owners see freight rates slump; charterers look to profit
Talks surrounding dirty tanker conversions to the clean tanker market have quelled in light of the sharp dropoffs experienced in the latter.

May 05 - Fujairah light distillates imports fell to record low in March
- Kpler
Traders were storing more gasoline and gasoil at sea in March as lockdowns curbed commuting and leisure driving, market analysts said.

May 05 - Singapore's fuel oil imports from the Middle East unlikely to rise in May on high freight rates, inventories
Currently, the volume of fuel oil in floating storage around Singapore stands around 4 million-4.2 million mt, traders said.

May 01 - Shipowners brace for S Korea's new emissions rules amid pandemic pain
Shipowners are starting to gear up for South Korea's stricter environmental emissions rules despite having no time to draw breath after transitioning to IMO 2020 and grappling with the coronavirus pandemic that has caused an unprecedented slowdown in global export trade.

May 01 - Singapore's Keppel offshore and marine business faces hurdles amid global pandemic
"We expect the O&M business to face very challenging conditions in the near future," Loh Chin Hua, CEO of Keppel Corp, said.

May 01 - European 0.5% marine fuel barge price above jet barges on demand fallout
The transport fuel market has seen a demand collapse caused by the coronavirus pandemic, but seaborne fuels are faring better than their air counterparts as prices invert, as prices for fuel oil surpass jet.

May 01 - Taiwan's CPC likely to recover fuel oil export availability in Jun on RFCC turnaround: source
Taiwan's CPC is likely to export at least one cargo of 40,000 mt, either low sulfur fuel oil or high sulfur fuel oil, for loading in June due to a turnaround at its residue fluid catalytic cracker, while the company plans to export no fuel oil cargoes in May, a company source said Thursday.

May 01 - Taiwan's CPC to suspend supply of 380 CST bunker fuel from May 11
Taiwan's state-owned CPC Corp. will suspend the supply of 380 CST high sulfur bunker fuel at the port of Kaohsiung from May 11 due to annual maintenance of the barge Bao Shan No.2, the company said in an email circular Thursday.

May 01 - Rhine water levels rise but barge freight may not go back down
"Barge owners are very occupied, people were scared by dry weather so they hurried to get barges...the current situation will bring some relief," a trader said.

Apr 30 - Panama Canal tweaks payment system to help ships during coronavirus 
The Panama Canal said on Wednesday it would make a temporary change to the payment system for ships booking passage through the waterway in order to offer more flexibility to customers affected by the coronavirus outbreak. "As of May 4, 2020, the interoceanic highway will implement temporary changes to the requirements for making reservations and the advance payment of reservation fees upon confirmation," the Panama Canal Authority (ACP) said in a statement.

Apr 29 - BHP looks to expand iron ore exports from Port Hedland 
Miner BHP Group said on Tuesday it plans to expand its iron ore export capacity from Port Hedland, the largest global shipping hub for the steel-making commodity, by up to 40 million tonnes a year to 330 million tonnes a year. The move comes as improvements across BHP's supply chain have opened the way to raise shipments if market conditions allow, Tim Day, BHP's Acting Asset President Western Australia Iron Ore, said in a statement.

Apr 29 - Russia will be shipping grain from its already depleted Q2 export quota 
Russia will suspend grain exports until July 1 only after the grain it has declared in its second-quarter quota has been shipped, the agriculture ministry said on Sunday. Russia previously set the quota for grain exports of 7 million tonnes for April through June following the outbreak of the new coronavirus. This online grain export quota ran out on Sunday, data from the ministry showed.

Apr 28 - Argentina's ebbing Parana River costs grains sector $244 mln - exchange 
The water level on Argentina's Parana River is at a near 50-year low, hampering export traffic on the grains superhighway and causing local industry $244 million in losses over the past four months, the Rosario Grains Exchange said on Friday. With farmers now harvesting corn and soy, Argentina's two main cash crops, problems caused by the river's decline at the key ports hub of Rosario come just as the government needs export dollars and tax revenue to stay solvent and bolster an economy ravaged by the coronavirus pandemic.

Apr 27 - China's March soybean imports from Brazil fall on cargo delay 
China's March soybean imports from top supplier Brazil fell 24.8% from a year earlier, customs data showed on Sunday, after rains delayed cargoes. China, the world's biggest soybean buyer, imported 2.1 million tonnes soybeans from Brazil, down from 2.79 million tonnes in March of last year, data from the General Administration of Customs showed. 

Apr 26 - China Moly shrugs off South Africa port disruption as DRC cobalt sales rise 
China Molybdenum Co, is sending more copper and cobalt from the Democratic Republic of Congo (DRC) to ports in Tanzania, Namibia and Mozambique, a spokesman said on Thursday, as it weathers coronavirus disruption at South African outlets. South Africa implemented a COVID-19 lockdown on March 27, under which ports handle only essential goods with reduced staff, leaving minerals mined across southern and central Africa without a key route to international markets.

Apr 25 - Singapore gasoil exports jump 148%, but middle distillate stockpiles remain near 43-month high
Industry sources said the recent fall in gasoil outright price has spurred pockets of demand in the region.

Apr 25 - Virus-fueled rout in oil market promises lower US gas supply, higher prices
"NBP is becoming the Waha of Europe; too much gas and not enough places to store it or sell it," said Ira Joseph, Platts Analytics head of gas and power.

Apr 25 - TANKERS: Americas Aframax freight spikes close to 110% on export drive, floating storage
"Lots of ships going off for storage, for about a year," a shipowner said.

Apr 25 - ChemChina to take maiden Khafji crude cargo in May - source
The 141,000-mt Khafji crude cargo is scheduled to arrive at Yantai port on around May 20, a source said.

Apr 24 - Global oil demand drop peaking now at 20-30 mil b/d: Russia's Novak
Despite plunging oil demand and prices, Russian refining throughput is still on the rise at the moment, Novak noted.

Apr 24 - Qatar Petroleum signs $3 billion deal for LNG ship construction in China
"We are confident that we are on the right track to ensuring that our future LNG fleet requirements will be met," Kaabi said.

Apr 24 - Tide turns against scrubbers as shippers hunker down for low oil prices
"The decline in marine order intake was largely due to the lack of scrubber investments, as fuel spreads have narrowed," Wartsila's Eskola said.

Apr 23 - Russia will suspend grain exports for 6 weeks if its quota runs out in mid-May 
Russia, the world's biggest wheat exporter, will suspend grain exports until July 1 once its export quota is exhausted, which is currently expected to happen in mid-May, its deputy agriculture minister Oksana Lut said on Friday. Russia last fully banned wheat exports in 2010 when drought hit its harvest, rocking global markets. Turkey, Egypt and Bangladesh are the largest buyers of Russian wheat

 
Apr 23 - Singapore adds Minerva Bunkering, TFG Marine to list of licensed bunker suppliers 
The Maritime and Port Authority of Singapore (MPA), home the world's top marine refuelling hub, said it has awarded two new bunker supplier licences to Mercuria's Minerva Bunkering and Trafigura's TFG Marine. "MPA and ESG welcome the entry of Minerva Bunkering and TFG Marine, which will consolidate Singapore's position as the global bunkering and oil trading hub," the MPA said in a joint statement with Enterprise Singapore (ESG). 

Apr 23 - Argentina says Brazil agrees to raise level of grains thoroughfare Parana River 
Brazil has agreed to release water at the giant Itaipu hydroelectric dam to raise low water levels in the Parana River, a key thoroughfare for grains shipments, Argentina's Foreign Ministry said on Friday. Decade-low water levels on the Parana are forcing Argentine exporters to load less soy and other grains on ships bound largely for China, adding a new problem to a sector already beset by bottlenecks due to the coronavirus pandemic. 

Apr 23 - Singapore police investigate Hin Leong amid claims of financial misconduct
Hin Leong Trading's liabilities exceeded its assets by $3.336 billion as of April 9.

Apr 23 - Laden MR tonnage builds up in Mexico on discharge delays, ups freight rates
"There is basically no discharge in East Coast Mexico. It's not weather related," a shipowner said.

Apr 23 - VLGC rates rebound to one-month high; set to rise further on Western activity
With the open arbitrage to Asia due to demand recovery in India, Indonesia and China, trade sources estimate some 2 million mt due for May arrival, steady to April.

Apr 23 - Americas tanker freight climbs on depressed crude price dynamics
"With TD3C (270,000 mt Persian Gulf-China route) where it is, owners can do whatever they like," a shipbroker said.

Apr 22 - TFG Marine to start HSFO, MGO, VLSFO deliveries in Singapore port from May
In time, TFG Marine's fleet in Singapore will include clean-energy dual-fuel bunker barges it said.

Apr 22 - Singapore's new bunker suppliers set to quell delivery fears after Hin Leong crisis
The new suppliers will also quench Singapore's thirst for cleaner marine fuels even though competition was set to intensify.

Apr 22 - Russia's river navigation opens gradually ahead of schedule
This year the navigation opened in southern Russia on March 24, or a week earlier than planned.

Apr 22 - Rotterdam VLSFO bunker premium narrows to 7-month low
The bunker premium at Rotterdam has fallen steadily since February.

Apr 21 - Limited HSFO demand hinders traders from storing HSFO despite steep contango
"The current contango can cover tank costs, so we can carry over fuel oil [which is already in tanks] to next month," a trader said.

Apr 21 - Singapore bunker players anxious despite sharp rise in March marine fuel sales
"I am very skeptical now, after what has happened to Hin Leong," a bunker supplier said.

Apr 18 - ARA fuel oil stocks rise to 21-month high in week to 1.540 mil mt - Insight Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub increased 4.5% to 1.540 million mt in the seven days to Wednesday, according to data from Insights Global, reaching over a 21-month high amid continued demand destruction on the back of the coronavirus pandemic.

Apr 18 - Singapore middle distillate stocks soar to 43-month high as narrowing EFS hampers outflows

Singapore middle distillate stocks soared to a 43-month high as a narrowing Exchange of Futures for Swaps spread hampered arbitrage economics to send Asian gasoil to the West, resulting in volumes building up within the city-state.

Apr 18 - Oil product tankers left on water as storage capacity runs thin
Oil product tankers carrying cargoes for discharge in the Amsterdam-Rotterdam-Antwerp hub have been left waiting for ullage availability as storage capacity in the region reaches its limit for oil products, which could lead to a renegotiation of terms between owners and charterers for floating cargoes on the water.

Apr 18 - Singapore light distillate stocks surge to 13-month high on sinking gasoline demand
Commercial onshore light distillate stocks in Singapore, the region's largest oil trading hub, ballooned to a 13-month high in the week ended Wednesday, as regional demand for gasoline ground to a halt amid the global effort to combat COVID-19.

Apr 17 - Rotterdam expects up to 20% drop in port traffic this year due to coronavirus 
Throughput at the Port of Rotterdam is set to drop by up to 20% this year as the coronavirus pandemic disrupts production and trade worldwide, Europe's largest sea port said on Thursday. Throughput of containers, coal, oil products and other bulk goods already declined 9.3% in the first quarter from a year earlier, the port authority said, as economies around the globe shut down in an attempt to contain the coronavirus outbreak.

 
Apr 17 - Egypt's East Port Said fees to be slashed and $50 million invested 
Fees at the Suez Canal's East Port Said will be aggressively cut to boost its competitiveness, while $50 million will be invested in the shipping hub, Egypt's Suez Canal Economic Zone and Suez Canal Container Terminal (SCCT) said on Tuesday. The port is located at the northern end of the canal, one of the world's busiest shipping lanes. However shipping companies have complained that its high fees have priced it out of the market, prompting them to shift business to other Mediterranean ports, especially Pireaus in Greece. 

 
Apr 17 - Operations at three ports run by India's Adani disrupted - sources 
Berthing operations and truck movement were disrupted over the weekend in at least three ports handled by India's Adani Ports and Special Economic Zone Ltd, India's largest port operator, four sources familiar with the matter told Reuters. There was no truck movement at three Adani ports in the state of Gujarat on the west coast, Mundra, Dahej and Tuna, the sources said. Additionally, berthing of container vessels was disrupted at Mundra, they said. 

 
Apr 17 - China's soybean shortage abates at southern ports 
Soybean crushers in southern China have begun to receive beans again from South America, easing a supply shortage in the world's top market, crushers and analysts said. Chinese buyers bring in soybeans to crush into soymeal for the livestock sector and cooking oil, but rains in top supplier Brazil in late February have delayed the harvest and exports, reducing soybeans and soymeal inventories in China to record lows and forcing some crushers to curb operations.

 
Apr 17 - French wheat exports outside EU seen at record high in 2019/20 
France is on course to export a record amount of soft wheat outside the EU this season as grain firms overcome logistical snags created by a coronavirus crisis to meet strong demand from countries such as China, farm office FranceAgriMer said. In monthly supply and demand forecasts on Wednesday, FranceAgriMer raised its projection of French soft wheat exports outside the European Union in the 2019/20 season to June 30 to 13.2 million tonnes from 12.7 million estimated last month. 

Apr 17 - Oil-refining states ask US EPA to waive biofuel mandate amid plunging fuel demand
The governors of five oil-refining states have asked the US Environmental Protection Agency to waive biofuel blending mandates while refiners confront plunging fuel demand as a result of the coronavirus pandemic.

Apr 17 - ARA diesel, gasoil stocks rise 2.9% on week to 6-week high amid low Rhine levels

Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub rose 2.9% week on week to 1.956 million mt as of Wednesday, Insights Global data released Thursday showed.

Apr 17 - LNG in high demand in Europe despite coronavirus' impact - GIE
LNG continues to be in high demand in Europe despite the impact of the coronavirus pandemic across the continent, industry body Gas Infrastructure Europe said Wednesday.

Apr 17 - HSFO Med/North swap hits record low as Med demand weakens
The fuel oil swap product comparing high sulfur fuel oil values in Northwest Europe against its Mediterranean counterpart, known by many as the Med/North, hit record lows Wednesday as HSFO came under pressure from falling bunker demand.

Apr 17 - Middle East butane premium faces pressure from supply glut
The Middle East butane premium to propane has been shaky over the past month and could dip to parity or lower, as the market grapples with ample supply and uncertainty over the recovery of regional demand amid the COVID-19 pandemic, traders said this week.

Apr 17 - Diesel starts competing with jet, gasoline for floating storage in Europe
Ultra-low sulfur diesel is entering into competition with jet fuel and gasoline for floating storage as onland locations across Europe reach capacity amid a sharp fall in diesel demand and a very steep contango making the economics potentially workable, according to industry sources.

Apr 16 - VLSFO cracks hover above record low in NWE amid collapsing demand
Northwest European 0.5%S marine fuel cracks have fallen to record lows as falling demand for marine fuel due to the impacts of the coronavirus pandemic has led to an oversupply of product in the region.

Apr 16 - EU CO2 emissions fell 8.9% in 2019: initial EC data
Carbon dioxide emissions under the EU Emissions Trading System fell by an indicative 8.9% in 2019 from the previous year, according to an analysis of initial figures released by the European Commission Wednesday.

Apr 16 - IEA forecasts 620,000 b/d fall in 2020 fuel oil demand
With coronavirus weighing on the global economy, the International Energy Agency has forecast a 620,000 b/d drop in residual fuel oil demand in 2020.

Apr 16 - Jet demand to crash by 26% in 2020 on coronavirus, gasoline by 11% - IEA
Demand for transport fuels such as jet fuel and gasoline in 2020 will dive by 26% and 11% respectively exacerbated by heavy containment measures caused by the coronavirus pandemic, the International Energy Agency said Wednesday.

Apr 16 - Europe gasoil cash prices, cracking margins collapse as virus catches up with market
While gasoil demand in Europe has held up better than that of other refined oil products since the outbreak of coronavirus, the European gasoil complex has come under severe pressure this week, with cracking margins in the Amsterdam-Rotterdam-Antwerp hub and cash prices in the Mediterranean hitting their lowest levels on record, a trend sources have attributed to increasingly tepid demand and full storage tanks.

Apr 15 - WTI retreats as market weighs lackluster OPEC+ cuts
NYMEX WTI futures retreated Monday, but the rest of the oil complex climbed as the market weighed the impact of a nearly 10 million b/d OPEC+ supply-cut agreement against grim global demand outlooks.

Apr 15 - Asia LSFO market draws clean fuel feedstock on flagging gasoline demand
The Asian low sulfur fuel oil market is drawing in feedstocks for blending into the marine fuel 0.5% pool that typically go into making clean fuels like gasoline, especially low sulfur vacuum gasoil, market sources said Tuesday.

Apr 15 - USGC middle distillate flows to Europe at 430,000 mt so far in April
US Gulf Coast middle distillate shipments scheduled to arrive in Europe in April as of Tuesday, are expected to be about 430,000 mt, with around 370,000 mt bound for Northwest Europe and 60,000 mt bound for the Mediterranean, data from S&P Global Platts trade flow software cFlow showed.

Apr 15 - Bunker fuel inspections expected to drop as coronavirus measures take center stage in shipping
The transition to the International Maritime Organization's global low sulfur mandate and the high sulfur fuel oil carriage ban has been relatively smooth so far but inspections are set to drop as the focus has shifted to containing the coronavirus' spread, with safe bunkering practices, crew changes and continuity of the global supply chain in shipping receiving more attention, sources say.

Apr 15 - India's IOC cuts throughput by 50% on coronavirus
Indian Oil Corp. the country's largest state-run refiner, reduced crude throughput by 50% at its nine refineries to combat a slump in demand for petroleum products due to the lockdown to combat the coronavirus pandemic, company officials said Tuesday.

Apr 15 - NYMEX WTI again tests $20/b as oversupply concerns take focus
Crude futures settled sharply lower Tuesday amid concerns that the OPEC+ producer cuts would be insufficient to prevent a near-term oil glut.

Apr 15 - ARA fuel oil stocks jump 15.8% in week to 1.473 mil mt: Insight Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub jumped 15.8% to 1.473 million mt in the seven days to Wednesday, according to data from Insights Global, a near 15-month high as the coronavirus pandemic continues to take its toll on demand.

Apr 14 - Singapore middle distillate stocks decline on higher gasoil exports
Singapore middle distillate stocks were lower for the second consecutive week as the city-state maintained its position as net exporter of gasoil in the week ended April 8 amid a rise in the outflow, Enterprise Singapore data released last Thursday showed.

Apr 14 - Middle East oil products use, once an engine for global growth, set for record drop, analysts say
The Middle East's consumption of oil products from gasoline to jet fuel will add to pressures on global oil demand for this year as countries led by the energy-dependent Gulf region face economic slowdown, extended lockdowns and an oil price crash that will slam budgets already constrained by the coronavirus pandemic.

Apr 14 - Coronavirus' spread hurts scrubbers outlook in short run - EGCSA
The coronavirus pandemic has created a grim outlook for scrubbers in the short term as some shipowners prepare to divert their capital for other uses while a few defer planned installations either due to a narrowing high/very low sulfur fuel oil spread or a shortage of manpower at shipyards, Exhaust Gas Cleaning Systems Association Director Donald Gregory said in an interview with S&P Global Platts.

Apr 14 - Singapore 380 CST HSFO cash differential plunges to four-year low on ample supply
Singapore 380 CST high sulfur fuel oil cash differentials plunged to a four-year low Thursday on ample supply coupled with slow demand, S&P Global Platts data showed.

Apr 10 - Singapore 10 ppm sulfur gasoil cash differential plunges to record low on supply glut, anemic demand
A supply glut and anemic demand has sent the FOB Singapore 10 ppm sulfur gasoil cash differential plunging to a record low, with the benchmark ULSD grade closing the Asian session Wednesday at a discount of $2.14/b to the Mean of Platts Singapore Gasoil assessment, FOB.

Apr 10 - Atlantic Supramaxes face calm as global demand evaporates
Coronavirus is set to hit the Atlantic dry bulk market in its weakest spot, demand.

Apr 10 - UAE's ADNOC to sell 0.5% sulfur LSFO regularly from Ruwais: traders
Abu Dhabi National Oil Co. plans to sell low sulfur fuel oil with maximum 0.5% sulfur regularly from its Ruwais refinery after it sold a cargo for April loading, according to traders.

Apr 10 - OPEC cuts not enough, but G20 deal could stabilize oil prices: Pioneer CEO
An OPEC+ deal to cut 10 million of oil production in May and June is not enough to counter plunging global demand, but an agreement for further cuts by G20 members could help stabilize oil prices in the mid-$20s/b, Scott Sheffield, CEO of top Permian oil driller Pioneer Natural Resources, said Thursday.
Crude prices slide as 10 million b/d OPEC+ cut fails to impress market.
Crude futures fell Thursday as an emergency OPEC+ group meeting resulted in a production cut agreement that was likely too limited in scope to compensate for the drop in global oil demand caused by the coronavirus pandemic.

Apr 10 - Floating products in tankers offshore comes into focus on USGC
Shipping sources expect floating storage interest on the US Gulf Coast to increase in coming weeks for products with contango structures, as the coronavirus pandemic and a global flood of cheap oil have destroyed spot demand.

Apr 10 - Singapore Marine Fuel 0.5% bunker premium hits record low ahead of OPEC+ meeting
Ministers from OPEC, Russia and nine other producers will log on to a high-stakes online summit Thursday.

Apr 10 - Australia's Port Hedland iron ore exports to China jump by 22 pct in March
Australia's Pilbara Port Authority said on Wednesday that iron ore exports to China jumped 21.6% to 40.43 mln tonnes in March from the month earlier. Exports from the world's biggest iron ore export hub stood at 33.26 million tonnes in February when China typically imports less due to its Lunar New Year holidays. Iron ore miners in March shipped out the third highest volumes since January 2019.

 
Apr 10 - Shipping industry urges free movement of crews to keep trade moving
Ships must be allowed to change over overworked and exhausted crews to help to keep trade flowing as coronavirus lockdowns shut many transit points across the globe, shipping industry officials said on Tuesday. About 90% of world trade is transported by sea but a deepening lockdown in many countries and suspended air travel have disrupted supply chains, especially for ship owners who rely on the free movement of crews to keep ships moving.

 
Apr 10 - Argentina's grains trade hit as decade-low river levels limit cargoes 
Decade-low water levels in Argentina's Parana River, a key thoroughfare for grains shipments, are forcing exporters to load less merchandise on ships, adding a new problem to a sector already beset by bottlenecks due to the coronavirus pandemic. The Parana is Argentina grains superhighway, carrying Pampas grains belt agricultural exports from the Rosario ports hub to the shipping lanes of the South Atlantic. Argentina is the world's top exporter of soymeal livestock feed and the No. 3 supplier of corn and raw soybeans.

 
Apr 10 - Indian white sugar exports at near standstill as lockdown bites
India's white sugar shipments have been brought to a near standstill by the coronavirus lockdown, depriving the global market of key supplies after a poor harvest in Asia's top exporter Thailand. Most of India's private ports have declared force majeure and while government ports are operating, they face labour shortages as Indians have been ordered to stay home and avoid spreading the coronavirus under a 21-day lockdown.

Apr 09 - Argentina's grains trade hit as decade-low river levels limit cargoes - Reuters
Decade-low water levels in Argentina's Parana River, a key thoroughfare for grains shipments, are forcing exporters to load less merchandise on ships, adding a new problem to a sector already beset by bottlenecks due to the coronavirus pandemic. The Parana is Argentina grains superhighway, carrying Pampas grains belt agricultural exports from the Rosario ports hub to the shipping lanes of the South Atlantic. Argentina is the world's top exporter of soymeal livestock feed and the No. 3 supplier of corn and raw soybeans.
Argentina’s trade hit as grains superhighway Parana river water draft @ 11-Year low (may get worse) with 31-ft instead of usual 34-ft (3-ft draft difference means ~7,500 tons of cargo for typical Panamax.

Apr 09 - Clean tanker market bracing for COVID-19 hit to oil product demand
Shipowners could find themselves in a perilous position as the second quarter develops, should the coronavirus pandemic continue to instill a worldwide slowdown in demand for oil products, despite continued efforts to place material on floating storage for the months ahead.

Apr 09 - HollyFrontier cuts refinery runs to 70% as coronavirus pandemic eats away at gasoline demand
HollyFrontier said it has cut rates to 70% at its refineries as it looks to manage demand destruction brought upon by the coronavirus pandemic.

Apr 09 - Wrong-footed shippers could face lengthy HSFO shortages
The marine fuel market has been flipped on its head this year, with fears there would be a lack of IMO-compliant premium bunker fuels as shippers rushed to meet the new rules on sulfur content not materializing -- instead shortages of its sulfurous cousin have emerged.

Apr 09 - Medium range tankers fixed for gasoline, jet fuel storage in Europe
Medium range tankers are providing charterers an alternative option in clean product floating storage capacity in Europe, in light of the tightened availability of long range tankers for floating storage, according to shipping sources.

Apr 09 - FUJAIRAH Fuel stocks for marine, power generation climb to all-time high
Fuel stockpiles used by shippers and for power generation jumped to a record high on Monday at the Port of Fujairah in the UAE, the strongest sign yet of dwindling storage space for oil products in the region as demand evaporates due to the coronavirus pandemic.

Apr 09 - Freight jumps on floating storage rush, uncertainty reigns amid coronavirus-related demand slump
Oil tankers have found a second life as floating storage engines to stock cheap crude until markets pick up, after March saw near record low oil prices and sinking demand.

Apr 09 - Halt on US cargoes may soon end as 4 LNG tankers point toward China - cFlow
At least four tankers that loaded at US liquefaction terminals appeared Tuesday to be heading to destinations in China, suggesting that the effective year-long freeze on deliveries there may be ending in the weeks ahead, S&P Global Platts vessel-tracking software cFlow showed.

Apr 08 - Copper belt miners turn to Tanzania as South Africa lockdown hobbles ports 
South Africa's strict coronavirus lockdown has caused miners to divert copper from the country's ports to others in Africa, with Dar es Salaam the clear winner, sources told Reuters. Authorities in South Africa initially said ports would only process essential goods during a three-week nationwide lockdown that began on March 27. On Friday, the Department of Transport said ports remain open to all types of cargo.

Apr 08 - UAE bans MSC Joanna for one year for allegedly carrying non-compliant HSFO: FTA
The UAE's Federal Transport Authority-Land & Maritime has banned the vessel MSC Joanna from its waters and ports for one year after it allegedly sailed out of Jebel Ali Port carrying more than 700 mt of high sulfur fuel oil in violation of a carriage ban imposed on March 1, according to a notice on the Fujairah port website.

Apr 08 - Global refinery runs seen down 14 million b/d this week on coronavirus pandemic
Global refiners entered the second quarter with expectations of lower runs to balance product supply with demand as many margins slip into negative territory as the coronavirus pandemic continues to spread throughout the world, an analysis from S&P Global Platts showed Monday.

Apr 08 - Persian Gulf-Japan VLGC rates fall to 1-year low, but rebound expected

As the Indian market is swooping most of the cargoes, end-April and May looks to be the same, a source said.

Apr 08 - S Korea to reduce sulfur content in bunker fuel for coastal ships by Dec 2021
"As the Korean coastline is not very long, it is efficient to use MGO [marine gasoil]," a bunker trader in South Korea said.

Apr 08 - Crude prices drop late on EIA data, impatience over OPEC+ progress
Crude futures prices dropped sharply late Tuesday after federal data projected only modest US production cuts in 2020 and impatience grew over an apparent lack of progress in a broader OPEC+ deal to scale back volumes.

Apr 08 - US high sulfur gasoil prices fall on vanishing marine fuel demand
The cash price for New York Harbor high sulfur gasoil fell Tuesday to its lowest level on record, pressured by a lack of storage and low demand in marine fuel markets.

Apr 08 - World set for long term oil demand destruction from coronavirus, Goldman's Currie says
Permanent changes to social behavior in the wake of coronavirus lockdowns are likely to hit long term oil demand forecasts and accelerate the shift to cleaner fuels but may be more modest than some forecasters predict, according to Jeff Currie, the global head of commodities research at Goldman Sachs.

Apr 08 - Gulf OPEC states turn on the taps to get head start in market share war
OPEC's core Gulf countries of Saudi Arabia, the UAE and Kuwait appear to have wasted no time in ramping up their crude production after the breakdown of talks with Russia over a new supply accord last month.

Apr 07 - Oil output cuts inevitable but tanker storage reservoir will remain.


Apr 07 - French wheat shipments hit fresh high in March 
French soft wheat shipments outside the EU last month reached their highest level for March in at least 10 years, Refinitiv data showed, as exporters continued to meet brisk demand despite logistical headaches caused by the coronavirus epidemic. Soft wheat exports to destinations outside the European Union totalled 1.63 million tonnes, the highest March volume in figures going back to the 2009/10 season, an initial estimate based on Refinitiv loading data showed.

 
 
Apr 07 - Surge in tanker rates on oil storage unlikely to continue beyond Q2
Given the magnitude of the jump in rates in Q1, market participants said the uptrend was unsustainable. See rates from page

https://www.commodity3.com/swaps/31/tanker-time-charter-in-$-day


Apr 07 - Singapore Marine Fuel 0.5% bunker premium slumps 31% in March on plunging demand
"Tankers are still seeing good demand and higher freight rates but container lines are suffering," said a shipowner.

Apr 07 - MARINE FUEL 0.5%: Sluggish demand, ample supply mar near-term outlook
The marine fuel 0.5% market is unlikely to see any significant rebound from prevailing levels due to lackluster demand coupled with abundant supply. New SWAP page available from :

https://www.commodity3.com/swaps/2/fuel-oil-marine-0.5pct-sul-in-us$-mt


Apr 07 - Asian refiners cut runs, shut down as demand destruction intensifies
Facing limited demand for oil products due to the coronavirus pandemic, refineries in Asia and across the world are increasingly cutting throughput and shutting down.

Apr 07 - CONTAINER SHIPPING QUARTERLY: Supply issues loom amid coronavirus pandemic
The container shipping market is largely braced for a tough quarter, with the global slowdown resulting from the coronavirus outbreak creating a range of logistical issues.

Apr 07 - Rapidly rising floating storage reserve could take years to clear
Oil storage is about the only thing in demand in the crude market right now, with the coronavirus pandemic obliterating consumption and forcing producers and traders to store more oil on the water as land-based facilities near tank tops.

Apr 07 - Rojgaard says wider variety is new frontier of VLSFOs
Key variables, such as viscosity and density, in new IMO 2020-compliant bunker fuels mean those handling them must be prepared, but many of the challenges are familiar, according to fuel testing agency Bureau Veritas.

Apr 07 - USGC middle distillate flows to Europe slow amid talk of Europe exports to USAC
Around 270,000 mt of US Gulf Coast middle distillate shipments was scheduled to arrive in Europe in April as of Monday, with around 210,000 mt bound for Northwest Europe and 60,000 mt bound for the Mediterranean, data from Platts cFlow, trade flow software, showed.

Apr 06 - Bunkers market bucks trend of lower ICE LSGO, follows crude up
The marine fuel bunkers price bucked the recent trend of tracking ICE LSGO downwards after it followed Brent's upwards Thursday.

Apr 06 - Crude climbs on OPEC+ meeting optimism, but US unemployment numbers create headwind
Crude oil prices jumped again Friday morning on discussions by global leaders of production cuts, but new bearish US unemployment numbers held prices down from their earlier highs.

Apr 06 - COVID-19 weighs on European fuel oil in unexpected start to year
The European marine fuel oil market has seen a turbulent year fundamentally so far, from contending with the monumental change that was IMO 2020 to facing demand destruction on the back of the coronavirus pandemic.

Apr 06 - Sinopec plant supplies first IMO-compliant fuel for bonded bunkering at Guangzhou port
Sinopec's Guangzhou Petrochemical refinery in the southern Guangdong province of China has supplied IMO-compliant marine fuel for delivery to ocean-going vessels, the company said on its website Friday.

Apr 04 - Port of Singapore to stay open for operations amid stricter steps to control coronavirus
The Port of Singapore will remain open for operations even though stricter measures have been announced in the country to combat the coronavirus pandemic, the Maritime and Port Authority of Singapore said Friday.

Apr 03 - Wartsila sees scrubber stamina despite blow to fuel oil spread
Interest in scrubbers has and will remain resilient, despite the impact of low oil prices on investment decisions with customers questioning the financial case when the spread between VLSFO and HSFO is below $50/mt, Wartsila's director of exhaust gas cleaning systems Sigurd Jenssen said in an interview with S&P Global Platts.

Apr 03 - Monjasa sees Q1 2020 bunker volumes rise 14% year on year amid global oil slump
Marine fuels trader Monjasa saw first quarter 2020 bunker volumes climb by 13.9% year on year, bucking the downward trend for global oil demand in Q1, a spokesperson from the company said in a statement Thursday.

Apr 03 - Global demand for fuel oil as bunker fuel falls 7% on year on coronavirus: Integr8
Global demand for fuel oil as a bunker fuel has fallen 7% year on year, researchers at fuel management provider and shipping specialist Integr8 said in a research note Thursday.

Apr 03 - NYMEX WTI surges 25% after Trump indicates possible production-cut agreement
Crude prices settled sharply higher Thursday amid optimism of a possible detente in the ongoing Russia-Saudi oil price war.

Apr 03 - Medium sulfur fuel oil gearing for HSFO pool as LSFO loses sheen
Medium sulfur fuel oil with sulfur content of around 1% is heading to the high sulfur fuel oil market, leaving behind the current low sulfur fuel oil pool, on strong HSFO prices, market sources said this week.

Apr 03 - Refineries to slash bunker fuel production in Argentina in April: market sources
Refineries in Argentina are reducing their bunker fuel output amid the lower demand due to the coronavirus quarantine and an economic freefall there.

Apr 03 - March fuel oil barge volumes traded in Platts London MOC surge on month
The March volumes of fuel oil traded in the Platts Market on Close assessment process in London jumped on the month, with 0.5%S leaping 392% and 3.5%S barges rising 19%.

Apr 03 - Coronavirus economic impacts difficult to forecast says Antwerp's port authority
Economic impacts from the coronavirus pandemic are becoming increasingly difficult to forecast at the port of Antwerp amid ongoing uncertainty on the return of industrial activity, the port authority said in a statement Thursday.

Apr 02 - China's ports brace for second hit as virus spread wipes out exports 
China's ports and shipping firms are bracing for a second wave of supply chain disruptions that may be deeper and more prolonged than during the country's coronavirus lockdown as the global spread of the virus chokes off international demand. With Beijing reporting only sporadic domestic transmission of the coronavirus since March, workers have been allowed to return to posts, factories are restarting and ports are rushing to clear a backlog of cargoes.

 
Apr 02 - South Africa says ports remain open despite lockdown 
South Africa's ports remain open to all types of cargo despite a nationwide 21-day lockdown though essential goods should be prioritised, the Department of Transport said in a notice. "(The) government has now decided that in the interest of ensuring a functional supply chain across all ports, that all cargoes will be accepted for loading and off-loading," said the notice, which was dated March 31.

 
Apr 02 - India asks ports to waive demurrage and other charges 
India has asked its ports to waive demurrage and other charges for any delays in arrival, berthing and other operations of ships caused by a 21-day lockdown to contain the spread of the coronavirus, a government statement said. Although ports, which come under the purview of essential services, are operating with minimal staff to ensure smooth supplies of food and other essential goods, the lockdown has slowed down the operation. 

 
Apr 02 - Coronavirus inspections of ships in Argentine contribute to soy supply woes 
Argentine shipments of soymeal, soybeans, corn and other agricultural exports were delayed as the government ramps up inspections of incoming cargo ships to ensure crew members were free of coronavirus, industry sources said on Monday. While Argentine growers were harvesting Southern Hemisphere fall crops unimpeded by health measures taken against the pandemic, supply from the world's biggest exporter of soymeal livestock feed was slowed as some municipal authorities refused to let grains trucks drive through their jurisdictions. 

 
Apr 02 - Egypt's Suez Canal shipping traffic unaffected by coronavirus - chief 
Traffic in Egypt's Suez Canal has so far been unaffected by the spread of the coronavirus, the chief of its authority said on Wednesday, citing a 4.6% increase year-on-year in the number of ships passing through. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.

 
Apr 02 - Britain suspends IMO 2020 shipping fuel checks due to coronavirus 
Britain has suspended checks on ships for compliance with low sulphur fuel regulations as part of wider measures that cut back on inspections to reduce the impact of the coronavirus outbreak on supply chains, the coastguard authority said on Friday. The coronavirus has created growing logistical problems for freight as countries try to keep goods moving despite lockdown in many parts of the world.

Apr 02 - Port of Kiel delays start of cruise season due to COVID-19
"All cruise sailings are suspended but we do carry passengers (essential travel) on most routes in and out from Scandinavia," a spokesman said.

Apr 02 - North Asian bunker demand diverts to S Korea on competitive prices
South Korea is seeing a diversion of demand to its ports on attractive Marine Fuel 0.5% prices.

Apr 02 - Vitol acquires Singapore's Sinanju Tankers Holdings to strengthen bunkering presence
Vitol Marine Fuels Pte Ltd, a subsidiary of the Vitol Group, has acquired Singapore-based bunker company specialist Sinanju Tankers Holdings, paving the way for Vitol's expansion in the world's largest bunkering port.

Apr 02 - Russia's Spimex starts publishing bunker export prices
Russia's St. Petersburg International Mercantile Exchange has started publishing exchange prices for bunker fuel at Russian ports for export delivery, it said Wednesday.

Apr 02 - Prompt Northwest European HSFO swap spread in steepest contango since Nov 2008
The prompt Northwest European high sulfur fuel oil paper swap has moved to its steepest contango in 11 years as demand vanished from markets as a result of the coronavirus pandemic.

Apr 02 - Euronav sees loss on 2019 VLSFO hedge, expects support for crude tankers
The collapse in the oil complex has been a double-edged sword for crude oil tanker giant Euronav, which purchased a significant volume of bunker fuel in 2019 but which sees a 2020 upside from a firming crude tanker market.

Apr 01 - Egypt to resume wheat inspections at port of origin after lifting of travel restrictions 
Egypt, the world's largest wheat buyer, plans to resume inspections of wheat cargoes at their port of origin once coronavirus travel restrictions are removed, the head of the country's agricultural quarantine told Reuters on Tuesday. The North African country has wheat reserves to last for three months, said Ahmed al-Attar, adding that they are expected to rise to seven months after the local crop is harvested in two weeks.

Apr 01 - Maersk offers supply slowdown as COVID-19 dampens freight demand
Danish container line Maersk is offering customers the opportunity to slow down their supply chains as demand for goods drops off due to coronavirus lockdowns and as warehouses fill up.

Apr 01 - USGC high sulfur spot bunkers drop to new four-year low on falling ICE Brent
IFO 380 bunker fuel prices edged lower Tuesday, dropping to new four-year lows as ICE Brent futures slipped once again.

Apr 01 - HSFO FOB Rotterdam barges traded below $90/mt in Platts MOC
There were multiple trades of FOB Rotterdam 3.5% fuel oil barges at $87/mt Monday in the Platts MOC.

Apr 01 - High freight rates limiting export potential for 0.5%S marine fuel in US
The US market is looking to export 0.5%S marine fuel due to a supply overhang, though sources said an arbitrage that was once open has become more difficult due to rising freight rates.

Apr 01 - The United States could face a dire crude oil storage crunch in the coming weeks and months, with more than half of the nation's commercial crude capacity currently filled and volumes rapidly rising.

Apr 01 - Malaysia's Petronas books 2 Suezmaxes likely to store oil on weak demand: sources
"If they cannot sell, they will have to float the grades," a trader said.

Apr 01 - Port of Marseille continues work amid lockdown across much of France
Port services, the harbor master's office and port operations continue to work, a spokesman said.

Apr 01 - Seven companies sign MOU on developing green hydrogen in Singapore
NRF Singapore will also work with MPA to tackle the maritime decarbonization in this area.

Apr 01 - Ship suppliers should be classed as essential workers: ISSA
That followed complaints from ship supply companies that they were being prevented from delivering to ships in some ports.

VLCC market to stay supported amid coronavirus outbreak: International Seaways

"Cargoes are still moving and the liftings are still happening," Zabrocky said. In Full »

INTERVIEW: Mercuria subsidiary Minerva Bunkering starts operations at Fujairah

"Between our bunker tankers and the storage terminal, we think we're logistically well positioned," Baron said. In Full »

TANKERS: Panama Canal to decrease maximum allowable draft to 45.5 ft

The ACP said that the change is based on the present and projected level of the Gatun Lake for the upcoming weeks. In Full »

Singapore LSFO prices have hit bottom, but sustained demand unlikely before April: traders

"We have received more inquiries in the last two trading days than when prices were low last week," a bunker supplier said. In Full »

All transport needs to be decarbonized to hit EU's Green Deal target: consultancy

If the European Commission is to achieve its 2050 net-zero ambitions then all transport needs to be fully decarbonized, including aviation, consultancy Transport and Environment said Wednesday. In Full »

Big Oil's resistance to coronavirus-led price drop set to be tested

Oil majors are likely to keep investment plans intact in the coming months but could have to reassess should oil prices drop well below $50/b for a sustained length of time, according to analysts. In Full »

EC sets out climate law to hit net zero emissions by 2050

The European Commission unveiled Wednesday its legislative proposal to enshrine in law a goal to reduce the greenhouse gas emissions to net zero by 2050. In Full »

Saudi-led coalition in Yemen says it foiled oil tanker attack in Arabian Sea

The Saudi-led coalition in Yemen fighting Iranian-aligned Houthi rebels said Wednesday it had foiled an attack on an oil tanker in the Arabian Sea by four remote-controlled boats. In Full »

Open interest for ICE March Singapore HSFO swap contracts rises 18% on month in Feb

Total open interest for the March Singapore high sulfur fuel oil swap contracts traded on the Intercontinental Exchange rose 18% month on month to 6.13 million mt as of February 28, data from the exchange showed this week. In Full »

Weak European refining margins prompt run cuts, crude values slide

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Gazprom Neft boosts IMO 2020-compliant marine fuel sales by 47% in 2019

Russian oil major Gazprom Neft sold around 350,000 mt of IMO 2020-compliant marine fuel in 2019, about 47% higher than 2018's level, the company said in a press release.