Russian marine fuel sales declined by 20% to about 2.4million mt in 1H2021, from 3.1 millon mt during 1H2020, with mixed demand at different coasts.
In the last two weeks FOBAS has tested samples from Antwerp which had TSP results exceeding the ISO 8217 specification limit of 0.10% m/m.
Bonded bunker sales for state-owned enterprises and Zhoushan enterprises were 1.47 mln mt and 155,800 mt, accounting for 90.42% and 9.58%.
Supply of HSFO380 is tight in Singapore, Fujairah, Zhoushan and parts of the Mediterranean, while VLSFO and LSMGO grades are ample across most global bunkering hubs.
Several VLSFO samples in Singapore and Malaysia found with flashpoint as low as 50°C for the period of 15th July 2021 to 05th August 2021, it...
Total number of scrubber-fitted ships reached 785 units of 6.95 million teu at end June and it since increased to 816 ships and 7.10 Mteu.
Company consumed 2,725,000 metric tonnes (mt) of marine fuel in Q2 2021, 17% higher than 2,333,000 mt of bunker fuel during Q2 2020.
Backwardation in the Asian 180cst and 380cst HSFO markets has widened to multi-month highs, driven by higher power generation and bunker fuel demand.
HSFO380 availability has improved to shorten lead times in Singapore, and plentiful supply has kept South Korean VLSFO prices at regional discounts this week.
Industry association has studied the European Commission’s “Fit for 55” package and highlights a number of potential consequences and concerns.
