![]() So far this month through May 15, the premium has dropped to $8.48/mt, S&P Global data show.ĭespite the lower premiums, traders said the nearby port at Sharjah's Khor Fakkan in the UAE has been pricing HSFO below Fujairah, putting demand in Fujairah at risk.Īmong other bunker products, sales of low sulfur marine gasoil slipped 18.3% year on year to 26,738 cu m for April, up 0.7% from March, the FOIZ data show. Amazon can expect antitrust scrutiny and. The Platts Fujairah-delivered marine fuel 0.5% sulfur premium over the benchmark FOB Singapore marine fuel 0.5% sulfur cargo assessments averaged $11.34/mt in April, up from $8.81/mt in March. The EU has been investigating Amazon's use of merchant data since 2019, and opened a second investigation in 2020 on the Buy Box and Prime program. The temporary shutdown of both crude distillation units at Kuwait's Al-Zour refinery, which had been supplying LSFO to the Fujairah market, did not provide much support to Fujairah sales due to "lukewarm" demand and ample inventories, UAE-based traders said. The push to tighten legislation comes as big tech companies are facing increasing scrutiny around the globe, including in the United States, where Google and Facebook are facing antitrust suits. From a report: The Competition and Markets Authority has been analyzing Amazon's business for months, according to the newspaper. Low sulfur fuel oil sales, with a maximum of 0.5% sulfur content and inclusive of both the 180 CST and 380 CST grades, totaled 442,392 cu m in April, down 13.9% on the year and 2.1% lower than in March, the FOIZ data show. antitrust scrutiny into how it uses data from smaller sellers on its site, the Financial Times reported, citing three people with knowledge of the matter. HSFO can be used by shippers by using scrubbers that reduce the sulfur quantity to no more than 0.5%, meeting 2020 International Maritime Organization rule. Rising demand from the scrubber-fitted tanker segment contributed significantly to HSFO sales, local bunker suppliers said. Traders also noted some large orders filled in the second half of April, although demand has since steadied for May so far. The premium has since widened to $35.23/mt May 2-15. HSFO sales at Fujairah jumped 56.6% on the month to 126,943 cu m in April, up 8.9% from a year earlier, the FOIZ data showed.ĭemand was buoyed by relatively lower prices, with the Platts Fujairah-delivered 380 CST HSFO bunker premium over the FO 380 CST 3.5% FOB Arab Gulf cargo assessments down to an average of $28.81/mt in April from $45.26/mt in all of March, S&P Global data show. Singapore and Rotterdam are the world's largest bunker suppliers. ![]() The total was still down 10.4% from a year earlier. The total was up for the first time in four months after hitting 563,275 cu m in March, the lowest since FOIZ began providing the data to S&P Global in January 2021. British antitrust regulators have started investigating Amazon’s purchase of robot vacuum maker iRobot, adding further scrutiny to the 1.7 billion deal. FTC and other regulatory agencies in their review of the Amazon-iRobot merger.Receive daily email alerts, subscriber notes & personalize your experience. It said Amazon had used data on third-party sellers. Consumer groups had voiced concerns after the deal was announced last year that it would further the e-commerce giant’s dominance in the smart home market.Īmazon said it’s “working cooperatively with the relevant regulators in their review of the merger.”īedford, Massachusetts-based iRobot, which makes the popular Roomba robotic vacuum cleaners, said it “continues to work cooperatively with both the U.S. The European Commission has charged Amazon with abusing its dominant position in online retail to gain an unfair advantage over competitors. by the Federal Trade Commission amid worries about Amazon’s growing market power. The acquisition is already facing a review in the U.S. Adam Satariano & Jack Nicas, Apple's App Store Draws Antitrust Scrutiny in. The Competition and Markets Authority said Thursday that it's considering whether the deal will result in a 'substantial lessening of competition' within the United Kingdom. In response to criticism that Amazon does not pay its workers a livable wage, Jeff Bezos announced beginning November 1, 2018, all US and UK Amazon employees. ![]() watchdog invited comments on the deal from “any interested party.” The concern is that Amazon has unique access to information about third-party. British antitrust regulators have started investigating Amazon's purchase of robot vacuum maker iRobot, adding further scrutiny to the 1.7 billion deal. The Competition and Markets Authority said Thursday that it’s considering whether the deal will result in a “substantial lessening of competition” within the United Kingdom. LONDON (AP) - British antitrust regulators have started investigating Amazon’s purchase of robot vacuum maker iRobot, adding further scrutiny to the $1.7 billion deal.
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