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Bunkers: Where are we and do we know where are we going?


We have seen a near 70% collapse in crude prices since the start of the year.

There is a little more clarity in oil market pricing, but still huge uncertainty on where things are going. It was just a few weeks

Farce majeure… or simple frustration?


Force majeure clauses are fairly common in commercial contracts but there is no standalone concept of ‘force majeure’ under the laws of England & Wales. Accordingly, such clauses are creatures of the contracts in which they appear, and their scope

As Oil Prices Plummet, Crude Oil Tanker Time Charter Rates Skyrocket


Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the crude oil tanker spot freight rates, and time charter (TC) rates have soared.

As the

Global Natural Gas Prices For 2020 Expected Even Lower, Set To Feel Covid-19 Symptoms For Years


The world's demand for natural gas is being impacted by the Covid-19 pandemic, and although it will not be curtailed to the same extent as oil, Rystad Energy estimates international gas prices will reach lower averages than previously expected in

COVID-19 outbreak leads to a surge in tanker rates, says GlobalData


The rates for chartering very large crude carriers (VLCCs) has surged exponentially due to a spike in demand for long-term offshore storage of crude oil following the Organization of Petroleum Exporting Countries' (OPEC's) disagreement with Russia over the impact of

Vitol Group establishes foothold in Singapore bunker operations: Acquires Sinanju Tankers Holdings’ bunkering fleet and


Vitol Marine Fuels Pte Ltd, a subsidiary of the Vitol Group, has acquired 100% of Singapore-based bunkering specialist Sinanju Tankers Holdings (“Sinanju”). The Singapore Bunkering license holding entity has been renamed Vitol Bunkers (S) Pte Ltd and from 1st April

EURONAV In Strong Financial Condition To Weather a Potenial Market Crisis Due to the COVID-19


Euronav NV yesterday reported its final financial results for the full year to 31 December 2019.

Hugo De Stoop, CEO of Euronav said: “Tanker market recovery gained traction in 2019 with Q4 delivering some of the strongest freight rates in recent

Over US$50bn in capital expenditure cuts announced as oil and gas companies grapple with COVID-19 and oil price war, say


As the oil and gas sector comes to terms with decade-low oil prices and global disruptions caused by the coronavirus (COVID-19), company costs and investments are being slashed with over US$50bn pledged to date and more on the horizon, says

LNG as marine fuel video – The first step towards deep-sea shipping GHG reduction


The Society for Gas as a Marine Fuel (SGMF) has released a video explaining why Liquified Natural Gas (LNG) is currently the only viable solution available that can cut emissions from deep-sea shipping as newer, cleaner options are developed.

The video

MABUX Digest: Top Events On Global Bunker Market: Week 13


MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) continued firm downward trend in the period of Mar.23-27, however, the pace of decline slowed down:

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