Tonne mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020. The fall could however have been much worse; In volume terms, seaborne crude oil exports have fallen by 18.8%, to 20…
BIMCO: Longer sailing distances cushion fall in US crude oil exports Read More »
Brent crude oil prices are now back to the low $60s and where they were at the end of 2019, before the pandemic hit. Although VLSFO price quotes are not quite back to earlier levels, part of this will be because of the market assessments and initial in…
Bunker fuel availability is good in most major North American ports, while supply has tightened in certain ports further south such as Rio de Janeiro and Guayaquil. Fuel oil inventories are growing on the US Gulf Coast as refiners have boosted producti…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
The raging of the pandemic in India and the Southeast of Asia in general is beginning to take its toll in the demolition market as well. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the Pandemic continues to plague the Indi…
Pandemic Waves Having an Adverse Effect on the Demolition Market Read More »
VLSFO and LSMGO remain in good supply in ARA and Gibraltar Strait ports, while HSFO380 has tightened slightly in ARA this week. Lead times for HSFO380 are around a day longer in ARA than last week, with 4-5 days ahead recommended for bookings now. The …
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »