Friday, May 18, 2012
Tuesday, May 15, 2012
Friday, May 11, 2012
1,000 MT on the KPI Bridge Oil Composite Would Cost You $22,000 Less This Week!
The KPI Bridge Oil Composite declined over 3% this week as bunker prices reduced dramatically after several days of declines in the crude markets. With US Oil inventories at 22...
Friday, May 4, 2012
Could Oil Supply and Demand be Returning? WTI Under $100 BBL!
It was a wild ride in the oil markets this week as crude prices fell off of a cliff today and WTI is now lower than $100 BBL. While the...
Sunday, April 29, 2012
Friday, April 20, 2012
Friday, March 30, 2012
Bunker Prices Show Decline, Let’s Hope the Trend Continues [REPORT]
23 March -29 March 2012 We had a very strange and difficult week in the oil markets this week, but ship owners and charterers will be glad to see a...
Tuesday, February 28, 2012
Hyundai Merchant Marine Expresses Concern with Soaring Bunker Fuel Prices
SEOUL (Dow Jones)–Hyundai Merchant Marine Co. (011220.SE), South Korea’s second-largest shipping firm by sales, expects the U.S. dollar to weaken against the Korean won toward the end of the year...
Thursday, February 23, 2012
Hanjin Shipping To Maintain Oil Hedging Ratio At 30% Due to Fuel Price Volatility
SEOUL (Dow Jones)–Hanjin Shipping Co. (117930.SE) will maintain a oil hedging ratio of 30% of bunker fuel purchases this year in order to be less vulnerable to fluctuations in fuel...
Thursday, August 4, 2011
$680,000 per day in ship’s fuel costs… ouch. ***UPDATE***
Correction to this article… Ship brokers MJLF & Associates pointed out to us this morning that VLCCs burn ~100MT of fuel per day, which results in a daily fuel cost of...
Tuesday, July 26, 2011
Expensive Bunkers Hurting Shipowners – Poten & Partners
Rising bunker prices have significantly eroded shipowners’ earnings this year, “particularly owners with considerable spot market exposure,” Poten & Partners says in a note. “There is very little revenue left...
Sunday, July 17, 2011
Be the First
Join the 70,541 members that receive our newsletter.Have a news tip? Let us know.