Higher biofuel blend loads on Type I ships considered by IMO

A proposal to deliver up to 30% biofuel blends on Type I barges is being reviewed by the International Maritime Organization (IMO), which is anticipated to approve it shortly, according to a number of important maritime assessors and classification societies. Since the proposal would enable the sale of B30 utilizing the current fleet of IMO

Axiom Global wins IOC award

Axiom Global, a bunker supply and oil trading company has won the Indian Oil Corporation (IOCL) award for the Highest Bunker Volume in 2022 at the Institutional Business Customers Meet at IOCL in Haldia, India. “Since the inception of the company in 2019, we have been working very closely with IOCL and have strived hard

MPA suspends bunkering licence of Glencore

The Maritime and Port Authority of Singapore (MPA) has temporarily suspended Glencore’s bunker licence for two months after a fuel contamination probe. The MPA said the suspension will take effect on August 18, adding that it found no evidence that Glencore or PetroChina had intentionally contaminated the high-sulphur fuel oil (HSFO). MPA’s investigation found that

Bunker sales in Singapore increased in May 2022

Bunker sales in Singapore for May 2022 totalled more than 4mn t, up by 373,000t from the previous month and by 1.1pc from a year earlier. It was the first time this year since January that monthly sales have been above 1mn t this year, as well as the highest total so far in 2022.

Sri Lankan bunker suppliers rescind HSFO offers amid energy crunch

Suppliers at the port of Colombo have retracted offers for delivered 380 CST high sulfur fuel oil due to shortages of the bunker grade as local refineries direct the available product for power generation in a bid to stem Sri Lanka’s acute energy crisis, industry sources told S&P Global Platts. The country also is grappling

Pak Oil refineries shutting down production due to massive import of HSFO

The local oil refineries are shutting down their production due to massive import of High Sulphur Fuel Oil (HSFO) by the government and low demand from the power sector. Pakistan Refinery Limited has become the third one to announce its closure following Byco Petroleum Pakistan Limited (BPPL), now renamed as Cnergyico Pk Limited, and National

Europe, Africa Bunker Fuel Availability Outlook

Bunker fuel oils are tight for prompt dates with several suppliers in Rotterdam, while ships face bunkering delays from weather suspensions in Malta and Algoa Bay. Longer lead times should be considered for HSFO380 stems in Rotterdam after supply tightened last week. Prompt product is more difficult to source, especially for larger quantities. Backwardation in

Firm demand, lower output lift VLSFO market higher

Asia’s 0.5% very low-sulphur fuel oil (VLSFO) gained on Monday as firming utilities and bunkering demand for the fuel weighed on already tightening inventories, trade sources said. VLSFO output has declined recently as refiners switched to maximising production of higher value refined fuels amid soaring gasoil and gasoline refining margins. The VLSFO cash premium, front-month

Shipping’s decarbonization move set to hit HSFO demand

The demand for high sulfur bunker fuel oil is set to dwindle worldwide closer to 2030, likely causing the use of scrubbers to fall, as the shipping industry accelerates its decarbonization journey, an industry expert said recently. That is despite ports, such as Singapore, seeing robust HSFO sales in 2021. January-September sales of high sulfur