US Gulf

Higher Oil Prices Leading To Bunker Quality Problems

Brokerage NSI has responded to KPI OceanConnect’s warning of higher oil prices leading to bunker quality problems this year, saying low margins are more likely to be the culprit, reports Ship & Bunker.

KPI OceanConnect CEO Comments

On Tuesday KPI OceanConnect CEO Soren Holl said some of the VLSFO quality problems anticipated before IMO 2020 might come to pass this year with oil prices recovering from their crash last March.

“There have been fewer quality issues than many analysts predicted, but...

https://mfame.guru/higher-oil-prices-leading-to-bunker-quality-problems/

U.S. Files Forfeiture Complaint Against a VLCC

The US has alleged that a VLCC off the coast of South America is carrying a sanctioned Iranian crude cargo, says an article published in ship & bunker.

What Happened?

The US Department of Justice has filed a forfeiture complaint against the Liberian-flagged VLCC Achilleas, the department said in a statement on its website on Wednesday.

“The complaint alleges a scheme involving multiple entities affiliated with Iran’s Islamic Revolutionary Guard Corps and the IRGC-Qods Force to covertly ship...

https://mfame.guru/us-filed-complaint-against-vlcc-achilleas/