World Kinect Marine Profits Jumped to One-Year High in Q1 as Volumes Climbed
The firm had a Q1 profit margin on its bunker sales of $6.19/mt, up from $4.51/mt in Q4 and compared to an average since 2015 of $2.64/mt.
Source: shipandbunker.com
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Global Q1 VLSFO Off-Spec Jumps to One-Year High: Verifuel
About 1.7% of the VLSFO samples analysed by Verifuel in Q1 were found to be off-specification, the company tells Ship & Bunker.
Source: shipandbunker.com
Singapore VLSFO Viscosity Jumps to One-Year High at Start of 2024
The Singapore bunker market's average VLSFO viscosity was 136.5 CST in Q1, the highest level since the same period a year earlier.
Source: shipandbunker.com
Panama Canal Expects Return to Normal Transit Capacity by 2025
The canal has seen reduced transits in recent months after Panama experienced its third-driest year since records began in 2023.
Source: shipandbunker.com
World Kinect Sees Quarterly Recovery in Marine Profits and Volumes in Q4
Taking 2023 as a whole, marine income sank by 47% to $82.3 million, while volumes dropped by 12% to 16.8 million mt.
Source: shipandbunker.com