Singapore plans to apply stricter control measures to the marine fuels sector, a move that industry sources say could boost transparency in a notoriously opaque industry. Singapore was the first port to mandate the use of mass flow meters (MFMs) in 2017 for marine, or bunker, fuel oil sales from...
https://www.hellenicshippingnews.com/singapore-plans-to-tighten-controls-in-maritime-fuel-industry/
Across the U.S. Midwest, farmers are taking in their annual harvests of corn, soybeans and sorghum. This year, they have a special problem: Where to put it all? Grain storage levels already have been extraordinarily tight. For the past two years, about 73 percent of capacity was used up in the...
https://www.hellenicshippingnews.com/lack-of-grain-storage-is-bad-news-for-midwest-farmers/
Vietnam’s growing self-sufficiency in auto fuel requirements following the startup of a new refinery complex at Nghi Son raised alarm bells among South Korean gasoline suppliers. The Southeast Asian market may no longer serve as a major sales outlet, making a case for the refiners to shift focus to...
The Norlink Ports afterwork organized on 27 September 2018 at the Museum of Fine Arts in Lille took place 1 year to the day after the symposium organized at the Regional Chamber of Commerce and Industry (CCIR). The annual meeting, backed by the Prefect of Hauts-de-France and the President of the...
https://www.hellenicshippingnews.com/norlink-ports-dunkirk-annual-review-and-challenges-lying-ahead/
This week has seen the VLCC market gain 25 points, turning last week’s firming sentiment into full blown might. It is uncertain, though Source: Affinity Research LLP
https://www.hellenicshippingnews.com/affinity-tanker-weekly-05-october-2018/
China’s leading role in financing a wave of new coal plants across Asia is drawing fresh scrutiny as the world’s top climate scientists weigh calling for much deeper cuts in emissions. China, India, Japan and the Philippines rank among the biggest investors in the 1,380 coal plants under...
U.S. corn futures edged up on Friday to hit a two-month high as a forecast for rains stoked fears of harvest delays, pushing the grain towards its biggest weekly gain since July. Wheat rose, as the grain was poised to finish the week up nearly 2.5 percent, while soybeans was set to finish the week...
Japan’s bunker market is bracing itself for another storm, Typhoon Kong-rey, shortly after Typhoon Trami made landfall last Sunday. Typhoon Kong-rey is expected to move into the Sea of Japan on Saturday, bringing strong winds and heavy rains. The Japan Meteorological Agency at 0245 GMT Friday...
Kuwait Petroleum Corporation, or KPC, is expected to be ready to supply bunker fuel oil with a maximum sulfur content of 0.5% in the fourth quarter of 2019, sources close to the matter said this week. Kuwait is currently carrying out the Clean Fuels Project, which includes construction of a...
Oil prices crept back towards four-year highs on Friday as traders anticipated a tighter market due to U.S. sanctions on Iran’s crude exports. Benchmark Brent crude oil was up 10 cents a barrel at $84.68 by 0820 GMT. On Thursday, Brent fell by $1.34 a barrel or 1.6 percent. The contract is on...
https://www.hellenicshippingnews.com/oil-prices-rise-on-iran-sanctions-outlook-uncertain/