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...
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...
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...
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....
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...
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...
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...
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 enforcement of the new IMO regulation has created high uncertainty among industry stakeholders on whether there will be sufficient availability of 3.5% sulfhur and 0.5% sulfur bunker fuels beyond the 1st January 2020. In the meantime, the UK-based supplier Crown Oil has highlighted a less discussed issue related with the...