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 production capacity of about 3.6 million mt/year at its Fujairah plant.