Despite the fact that the enforcement of the 0.5% sulfur cap will commence in less than a year, the situation around the pricing of the compliant low sulfur fuel has remained foggy so far. Since physical trading still remains almost inactive, there is no market liquidity and...
Blue Fin, the tanker pool controlled by Heidmar, took legal actions of approximately $1 million against Bomin Deutschland GMBH for damages arising from allegedly off-spec bunkers, which were lifted from the M/T Ridgebury Alina L at the port of Port Luis, Mauritius on the 15th of July...
Oil giant Brightoil has recently published a profit warning, where it states that the group’s losses for the 6-month period which ended on the 31st December 2018 are provisionally estimated at USD 57.61 million. Not only that, but despite the ongoing efforts and some favorable developments, the Group has not...
The IMO’s low sulfur fuel regulation has caused a lot of debates among the players of the fuel supply chain. Most of the shipowners, ship-managers and charterers have reacted with skepticism and criticism due to the structural changes that the new regulations will bring to the -already...
According to FleetMon the SEA FRONTIER operated by Star Formula Marine Services struck a rock some in the easternmost part of Singapore Strait, on 30th January 2019, while approaching port. Tradewinds news reports that: "...all crew rescued from partially submerged vessel and no oil has been spilled. Swift action taken to beach a...