Breaking News


FEATURE Bunker Industry Faces Downturn in 2023 After 2022’s Record Margins

Image Credit: Ship & Bunker Repost: The bunker industry is facing gloomier prospects in 2023 after the windfall seen last year. 2022 brought record prices and record margins for the industry as the consequences of the war in Ukraine drove global oil-supply concerns. Shipping and bunker companies lined up shortly …

Read More »

Panama Maritime Authority denies alleged concession for exclusive sale of bunkers

Image Credit: Manifold Times Repost: The Panama Maritime Authority (AMP) on Tuesday (6 December) denied recent publications in which reference is made to an alleged concession for the exclusive sale of bunkers to vessels that use the facilities of the Panama Cruise Port. “We clarify to the country that the …

Read More »

Vietnam Coast Guard detains oil tanker with 15 tonnes of unknown origin fuel oil

Image Credit: Manifold Times Repost: The Vietnam Coast Guard on Wednesday (21 December) said it has seized an oil tanker transporting about 15 tonnes of unknown origin fuel oil. The Coast Guard Region 1 Command discovered the ship at Hai Phong-Thai Binh on 21 December at 3.05pm. The vessel displayed …

Read More »

Oil Dips With Other Markets But Kept In Check By Bullish Factors

Image Credit: Ship & Bunker Repost: With Thursday being a light trading day across the board, oil followed other markets in experiencing a modest decline, but keeping the losses in check were two factors: tightening U.S. crude supplies and China‘s potential economic recovery after alleviating its lockdown policies. Data showed …

Read More »