With the recent rapid surge in the COVID-19 cases, coal demand in India is forecast to slow down in May and June to around 15 million tons (mt) each month, down 22% from the April 2021 level, following an 8.4% month-on-month (m/m) rise in April. In the…
Fuel availability is generally good across Europe. Some bunker suppliers have plenty of product to sell amid tepid bunker demand, and a push from refineries to supply as they ramp up refinery runs. Economic activity is on the rise in Europe as several …
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
Besides the obvious and tragic toll on human lives, when it comes to shipping, the pandemic is also having a negative impact in the demolition market. The latest outbreak, mainly in India, but in other countries as well, like Turkey, is taking a toll o…
COVID Outbreaks Taking a Toll on the Ship Recycling Market as Well Read More »
In the early hours of 22 April 2021, Vale – the Brazilian mining giant, was ordered to temporary suspend shipping activities at the country’s Guaiba Island terminal, a dedicated iron ore export terminal. Later that day, the hurdle was cleared, an…
Lead times for bunker stems are similar as last week in Singapore, while supply has tightened in Fujairah, Port Suez and in South Korean ports this week. VLSFO stems still require 6-8 days of lead time. LSMGO lead times are also unchanged on the week a…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »