Chevron Readying IMO-Compliant Shipping Fuel Sales

By Victoria Klesty OSLO, June 5 (Reuters) - Chevron plans to bring an IMO-compliant 0.5% sulphur shipping fuel blend to the market by the end of the third quarter, a company representative said on Wednesday. Ships will be required to use fuels with a sulphur content of no more than 0.5% from the start of 2020, down from 3.5% currently, under International Maritime … [Read more...]

Price of Bunker Fuel Surges Ahead of IMO 2020

By Jack Wittels (Bloomberg) -- Demand for the shipping industry‚Äôs main fuel is widely expected to collapse like never before in 2020, so it might come as a surprise that its value is soaring. High-sulfur fuel oil at the Dutch port of Rotterdam in January is now trading at about $16 a barrel less than crude oil, close to the strongest in 18 months, according to data compiled … [Read more...]

Hellenic Petroleum Prepares for Tougher Global Marine Fuel Rules

ATHENS, Feb 28 (Reuters) - Hellenic Petroleum, Greece's biggest oil refiner, said on Thursday that two of its three refineries are already compatible with tougher global marine fuel rules. UN agency the International Maritime Organization (IMO) will prohibit ships from using fuels with sulphur content above 0.5 percent from Jan. 1, 2020, compared with 3.5 percent today, … [Read more...]

Ocean Bunkering Tops 2018 List of Singapore’s Largest Marine Fuel Suppliers

By Roslan Khasawneh SINGAPORE, Jan 25 (Reuters) - Singapore-based Ocean Bunkering Services (OBS) Pte Ltd topped the 2018 list of largest marine fuel suppliers operating in the world's biggest ship refuelling hub, data released from the Maritime and Port Authority (MPA) of Singapore showed on Friday. OBS, bunkering arm of Singapore oil trader and shipper Hin Leong Group, … [Read more...]

Singapore 2018 Bunker Volumes Dip, Outlook for this Year Uncertain

By Roslan Khasawneh SINGAPORE, Jan 15 (Reuters) - Sales of marine fuels in Singapore, the world's biggest ship fuelling port by volume, totalled 49.8 million tonnes in 2018, down 2 percent from a record the year before, the Maritime and Port Authority of Singapore (MPA) said on Monday. December sales volumes of marine fuels, also known as bunkers, reached an 11-month high of … [Read more...]