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CMA CGM Sticks With Sharply Reduced Bunker Hedging by Ship & Bunker News Team Wednesday March 17, 2021 Container line IMO 2020 transition, has cut hedging slightly further for this year. By the end of 10% of its expected bunker requirements for 2019, but by a year later it had hedged just 0.8% of its requirements for 2020. For this year, by the end of 2020 CMA CGM had hedged just 0.5% of its expected 2021 requirements, it said in its annual report last week. The company consumed about 7.8 million mt in 2019. The firm's bunker and consumables expenses sank by 11% to

Uniper Fujairah Refinery Restarts Wednesday March 17, 2021 Energy producer Uniper has restarted its Production was ramped up at the restarted unit on Friday, price reporting agency S&P Global Platts reported on Wednesday, citing comments from a Uniper spokesman. Bunker prices at Fujairah have risen compared with other ports as a result of restricted supply at the port. The premium for VLSFO delivered at Fujairah over Singapore's levels stood at $36.50/mt on Tuesday, according to Ship & Bunker pricing, while the two prices were at the same level a week earlier. Uniper has marine fuel...

Rising crude prices and pressure on middle distillates from the cold snap in the US are delivering greater profits for scrubber-equipped tonnage.

Widening bunker price spreads are making themselves felt in the tanker markets.

VLSFO at Singapore hit the highest level since February 21, 2020 yesterday.