Who we are
BALUCO is an International marine bunkers & lubricants consulting company serving the global shipping market
with consistency by providing leading service worldwide.
Certifications
Since our inception we have continuously invested in manpower and the extension of our worldwide suppliers’ network.
BALUCO has created a vast network of major & local suppliers throughout the world, thus can successfully support prompt unpredictable fleet needs in any main and secondary port at the most competitive price levels.
Since 2003 BALUCO LTD. has been awarded with ISO CERTIFICATION, which is presently monitored by ABS as regards BALUCO’s compliance with industry norms, terms and conditions and fulfillment of all standards of stable and continuous improvement and quality.
Products & Services
Our partners
Recent News
Ship Recycling: “Steady as She Goes” During the Final Quarter of 2021
With tonnage supply in the ship recycling market not particularly impressive, shipbroker Clarkson Platou Hellas said that “all the talk this week centred around the reports from China amid the potential collapse of the property empire Evergrande which sent the industry into overdrive with uncertain sentiments for the steel markets”.
learn more →Tanker Market Subdued During July
The tanker market remained in subpar level during the month of July. According to the latest monthly report from OPEC, events in July provided little momentum to the languishing tanker market, with dirty freight rates remaining at subdued levels. As soon as positive signs appear on the horizon, offsetting darker clouds seem to emerge as well. Demand for tankers is expected to pick up in 2H21, easing the imbalance versus tonnage availability, further helped by increased scrapping and low new deliveries.
learn more →Preferred stock in the shipping sector
There has been an increasing trend for private equity investments in the shipping sector to take the form of preferred stock in either publicly listed or private companies, rather than through a more traditional method of establishing a joint venture with an established shipowner. Broadly speaking, preferred stock is stock that has whatever features are determined by the company, although typically the stock offers its holders priority dividend and liquidation rights over common equity holders – often with additional features built-in by the parties.
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