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News Channel for Shipping Industry Professionals and Buyers/Sellers of Bunker Oil ⚓🛢
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Bunkers in Russia&Europe
Bunker Consulting Ltd.
(as agent to Gulf Petrochem Group)
E: BunkerTrade@mail.com
Skype: aronold1
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Piracy, collisions, missiles: tankers in troubled waters
https://www.hellenicshippingnews.com/piracy-collisions-missiles-tankers-in-troubled-waters/

Tankers like those apparently attacked Thursday in the Gulf of Oman operate through increasingly treacherous waters, facing mounting dangers from piracy and collision as well as geopolitical hazards. Around 60 million barrels of petroleum product move each day on the seas globally, according to the US Energy Information Administration. And around a third of this ...
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Gulf powers urge action to secure energy supplies as tankers port-bound
https://www.hellenicshippingnews.com/gulf-powers-urge-action-to-secure-energy-supplies-as-tankers-port-bound/

Saudi Arabia and the UAE on Saturday called for decisive action to protect energy supplies amid a tense US-Iran standoff as two tankers attacked in a vital Gulf shipping channel headed to port. The United Arab Emirates’ Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan called on world powers “to secure international navigation and access ...
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Risks rise in key oil chokepoint Strait of Hormuz
https://www.hellenicshippingnews.com/risks-rise-in-key-oil-chokepoint-strait-of-hormuz/

An alleged attack Thursday on two oil tankers near the Strait of Hormuz may increase levels of risk in the Middle East’s key crude supply and shipping artery. The Front Altair and the Kokuka Courageous were carrying cargoes including naphtha when the incident occurred. Television footage later showed one of the tankers engulfed in flames. ...
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Hudson Shipping Lines Pledges Not to Use Vessels with Scrubbers Installed
https://www.hellenicshippingnews.com/hudson-shipping-lines-pledges-not-to-use-vessels-with-scrubbers-installed/

Hudson Shipping Lines (“Hudson”) today announced as part of its ongoing ‘green’ initiatives, that following the implementation of the IMO2020 sulphur cap on January 1, 2020, it will not employ vessels with scrubbers installed for the purpose of meeting the new IMO standards. Company President Avi Eilon stated, “We have thoroughly investigated the use and ...
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Frontline: Update Regarding Front Altair
https://www.hellenicshippingnews.com/frontline-update-regarding-front-altair/

Frontline Ltd. provides an update on the LR2 tanker Front Altair. On the morning of June 13, at approximately 0500 hrs gmt, an explosion occurred on the Front Altair shortly after the vessel had passed through the Strait of Hormuz in the Persian Gulf. Most importantly, the 23 crew members onboard the Front Altair are ...
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Gulf on Edge as Conflicting Accounts of Tanker Attacks Swirl
https://www.hellenicshippingnews.com/gulf-on-edge-as-conflicting-accounts-of-tanker-attacks-swirl/

The U.S. political and military standoff with Iran hardened as conflicting narratives about a pair of attacks on tankers near the Persian Gulf stoked regional tensions and raised the risk of a miscalculation. With U.S.-Iranian relations already at a low point, American officials released images they said showed that Iran was involved in a mine ...
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UAE says attacks on oil tankers are a ‘dangerous escalation’
https://www.hellenicshippingnews.com/uae-says-attacks-on-oil-tankers-are-a-dangerous-escalation/

Attacks on oil tankers in the Gulf of Oman and on a Saudi airport are a ‘major and dangerous escalation’ that requires the international community to scramble to protect regional stability and security, the United Arab Emirates’ Minister of State for Foreign Affairs said. “Wisdom and collective responsibility are needed to prevent more escalation,” Anwar ...
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World’s maritime search and rescue experts gather in Vancouver
https://www.hellenicshippingnews.com/worlds-maritime-search-and-rescue-experts-gather-in-vancouver/

Some of the world’s leading maritime search and rescue experts will be meeting in Vancouver, Canada to share knowledge and improve their skills this weekend (15-18 June). Every year around 360,000 people are believed to drown and the International Maritime Rescue Federation’s World Maritime Rescue Congress (WMRC 2019) is seeking ways to reduce this number. ...
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Aries Marine won Best Green Maritime Consultant award
https://www.hellenicshippingnews.com/aries-marine-won-best-green-maritime-consultant-award/

Kerala based industrialist Sohan Roy led Aries Marine has won the award for “Best Green Maritime consultant” at the International Green Shipping and Technology (GST) Summit held at Athens, Greece. GST 2019, (as the event is called), is organised to bring together firms and associations involved in integrating Green technology solutions in the shipping industry. ...
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U.S. allows Iraq to import Iranian energy for three more months – Iraqi officials
https://www.hellenicshippingnews.com/u-s-allows-iraq-to-import-iranian-energy-for-three-more-months-iraqi-officials/

The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to U.S. sanctions for Baghdad, two government sources said on Saturday. One of the sources, who asked not to be named, said the extension was given during a phone call between Prime Minister ...
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India’s May palm oil imports jump 65%, soyoil imports plunge – trade body
https://www.hellenicshippingnews.com/indias-may-palm-oil-imports-jump-65-soyoil-imports-plunge-trade-body/

India’s palm oil imports jumped 65% in May from a year earlier as oversees purchases of refined palm more than doubled due to lower import duty and a drop in prices, a leading trade body said. Palm oil imports totalled 818,149 tonnes last month, including 371,060 tonnes of refined palm oil, the Solvent Extractors’ Association ...
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U.S. oil imports from OPEC fall to 30-year low: EIA
https://www.hellenicshippingnews.com/u-s-oil-imports-from-opec-fall-to-30-year-low-eia/

U.S. imports of crude oil from members of the Organization of the Petroleum Exporting Countries (OPEC) in March 2019 reached the lowest level since March 1986, the U.S. Energy Information Administration (EIA) said Thursday. According to EIA’s data, the U.S. imports of crude from OPEC members totaled 1.5 million barrels per day (b/d) in March. ...
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India: Pellet manufacturers seek higher duty on iron ore exports
https://www.hellenicshippingnews.com/india-pellet-manufacturers-seek-higher-duty-on-iron-ore-exports/

The Pellet Manufacturers’ Association has written to the Prime Minister’s Office seeking an increase in export duty on iron ore from 30 per cent to 50 per cent. The request is for a higher duty on all iron ore that has more than 58 per cent iron. To realise the nation’s vision of 300 million ...
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Saudi energy minister sees ‘plenty’ of oil supply but concerned about tanker attacks
https://www.hellenicshippingnews.com/saudi-energy-minister-sees-plenty-of-oil-supply-but-concerned-about-tanker-attacks/

Saudi energy minister Khalid al-Falih said Saturday the oil market has plenty of supply, but he is concerned about acts of terrorism and supply disruptions following the attacks on two oil product tankers near the Strait of Hormuz. “There is plenty of supply. That’s for sure,” Falih said on the sidelines of the G20 energy ...
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Norway’s oil and gas sector divestment plans span global supply chain
https://www.hellenicshippingnews.com/norways-oil-and-gas-sector-divestment-plans-span-global-supply-chain/

Norway’s decision to limit its sovereign wealth fund’s exposure to the oil and gas sector ostensibly targets oil exploration and production companies for divestment, but the approximately 150 companies identified by the Norwegian Ministry of Finance span the global oil and gas supply chain. On June 12, the Norwegian Parliament voted to require the $1 ...
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US sees stable oil market with output at current levels: deputy energy secretary
https://www.hellenicshippingnews.com/us-sees-stable-oil-market-with-output-at-current-levels-deputy-energy-secretary/

The muted price reaction to Thursday’s oil tanker attacks near the Strait of Hormuz shows that the oil market is stable as long as production continues at current levels, US Deputy Secretary Dan Brouillette said Saturday on the sidelines of the G20 energy meetings in Japan. “There was a slight uptick in pricing for a ...
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State sponsor behind May tanker attacks, says UAE minister
https://www.hellenicshippingnews.com/state-sponsor-behind-may-tanker-attacks-says-uae-minister/

The UAE’s foreign minister said on Saturday a “state sponsor” was involved in a May 12 attack on oil tankers in the Gulf, but did not name any particular country. He did not mention attacks on two other tankers this week in the same area. The United States has said Iran was involved in both ...
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Japan’s MGC weighs options for methanol cargoes after blast on Kokuka Courageous tanker: sources
https://www.hellenicshippingnews.com/japans-mgc-weighs-options-for-methanol-cargoes-after-blast-on-kokuka-courageous-tanker-sources/

Mitsubishi Gas Chemical is considering various options to replace its methanol cargoes on its stricken tanker, Kokuka Courageous, among which include buying from the open spot market, shipping cargoes from its Brunei methanol plant or do a time swap with traders, market sources said. CFR Southeast Asia first-half July arrival offers were reported at $315/mt ...
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Trump trade blows fail to slow Mexican demand for U.S. wheat
https://www.hellenicshippingnews.com/trump-trade-blows-fail-to-slow-mexican-demand-for-u-s-wheat/

Mexican bread and flour tortilla makers will likely use significantly more wheat sourced from the United States this year despite growing unease with President Donald Trump, according to Mexico’s main wheat chamber. Wheat shipments to Mexico from Russia are also expected to repeat last year’s big jump in volume, while Argentine wheat is seen gaining ...
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S.Korea stops Iranian oil imports in May as sanction waivers end
https://www.hellenicshippingnews.com/s-korea-stops-iranian-oil-imports-in-may-as-sanction-waivers-end/

South Korea halted all imports of Iranian oil in May, customs data showed on Saturday, as waivers on U.S. sanctions against Iran ended at the start of last month. The world’s fifth-largest crude oil importer was among countries granted six-month waivers by the United States in November last year, and resumed Iranian oil imports from ...
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