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Singapore (Platts)--23 Mar 2017 543 am EDT/943 GMT
DHT Holdings has acquired BW Group's Very Large Crude Carrier Fleet, which consists of 11 VLCCS, including two new builds due for delivery in 2018, valued at approximately $538 million at prevailing broker valuations, BW Group and DHT Holdings said Thursday in a joint statement.
Singapore (Platts)--22 Mar 2017 414 am EDT/814 GMT
VLCC earnings are likely to come under downward pressure in the medium-term on a combination of a rise in oil stocks, cuts in crude output, a larger fleet and more efficiency in ports, according to tanker market players.
San Antonio (Platts)--21 Mar 2017 538 pm EDT/2138 GMT
US Gulf Coast refiners look well positioned to cash in on the earlier than expected 2020 deadline for ship operators to start using lower sulfur bunker fuel.
Tokyo (Platts)--21 Mar 2017 713 am EDT/1113 GMT
Astomos Energy aims to team up with other Japanese importers as early as this year to jointly explore the possibility of launching LPG bunkering by 2020, when the International Maritime Organization's new mandate for marine fuels takes effect, the president of Japan's top LPG supplier said.
London (Platts)--21 Mar 2017 711 am EDT/1111 GMT
The International Organisation for Standardisation has launched a new class of marine fuel specifications to provide standards for higher quantities of biofuels to be blended into marine distillates, and making reporting of cloud point mandatory in their updated marine gasoil grades.
Singapore (Platts)--21 Mar 2017 707 am EDT/1107 GMT
UAE-based Gulf Petrol Supplies aims to expand its physical bunker operations in Fujairah as trading activity accelerates in the world's second largest bunkering port, Gaurav Dwivedi, GPS Bunkers' senior manager told S&P Global Platts Monday.
London (Platts)--20 Mar 2017 1057 am EDT/1457 GMT
Around 1.06 million mt of distillates has set sail from the US Gulf Coast for arrival in Europe in March, according to data from cFlow, S&P Global Platts trade flow software, marking this month as something of a return to form after a period of relatively low trans-Atlantic flow.
Singapore (Platts)--20 Mar 2017 412 am EDT/812 GMT
The popularity of methanol as a bunker fuel will hinge on commercial considerations rather than environmental concerns, as the marine industry confronts an array of viable alternatives that comply with the International Maritime Organization's 2020 sulfur cap, sources said at an industry event.
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