During the last month it was Petro Inspect that first reported evidence of possible attempts to manipulate the readings of Mass Flow Meters in Singapore with the use of magnets, while there has been long discussion among the industry stakeholders of whether such manipulation is possible and...
As it is broadly discussed in the industry, the IMO 2020 regulation is expected to increase prices of compliant fuels. Subsequently, it is believed that the higher prices will put more financial pressure on buyers’ shoulders. Even if they finally pass the additional cost to their charterers/cargo...
With the concerns over the quality and compatibility of the IMO 2020 compliant fuels to continue and with ‘bad bunkers’ cases still in the news, ExxonMobil has decided to transform its business model and focus on growing its direct bunker sales. With this, the company desires to...
Quality problems remain a pain for the bunker industry and in order for the operators to avoid dealing with bad bunkers, they need to agree with their counter-parties a specific testing methodology, deepen their knowledge in the various ISO specifications and source their fuel from credible suppliers....
The expansion of the Panama Canal has also positively affected the local bunker market. Since the opening of the new locks, Monjasa has reported an increase on the supply volumes of bunker fuels, as a result of the increased number of vessels transiting the Canal.
Monjasa, the Danish bunker trader, has reported a big rise in bunker fuel sales during 2018. The company said that it sold a total of 4.1m tons, which is estimated as a 17% increase on annual basis. Year 2018 was great for Monjasa, despite...
The European Commission has given its green light to a plan by the Swiss International commodity trading company Mercuria Energy Group to acquire the Greek bunker company Aegean Marine Petroleum. The Commission considered that the competition rules are not violated in this case,...
The bunkering market is rapidly changing these days. Competition is increasing, bunker prices have been very volatile, while the IMO2020 regulations are expected to introduce a new status quo in the market. Further to these developments, Manjasa’s CEO, Anders Ostergaard, believes that “the old way of doing...
During the 6th meeting of its Sub-Committee on Pollution Prevention and Response (PPR 6), IMO discussed about measures to improve the quality of fuel delivered by bunker suppliers. This was not the first time that IMO discussed on the case, but this time is special since the...
The Chinese oil conglomerate Sinopec, one of the largest refineries in the world, appears to have produced and shipped the first 0.5% sulfur fuels complying with the new IMO standards. Specifically, during January 2019 Sinopec Shanghai Petrochemical Corp shipped 6,000 tons of the...