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Physical Suppliers | BunkerTrust Blog
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...
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...
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...
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...
While preparations for the forthcoming IMO 2020 regulation are moving forward, Monjasa has announced the acquisition of five tanker vessels which, according to the company, are capable to segregate between two and six different types of oil products in their tanks. Such segregation is a really attractive feature...
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...
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,...
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...
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.