Company begins refuelling ships with TMS type A eco-friendly fuel (low-viscosity marine fuel) produced by the Novokuybyshevsky Oil Refinery.
Monthly estimated demand of 30,000 mt of LSFO for coastal ships plying on India’s eastern coastal route are not met, say local bunker suppliers.
Bunker One will have the exclusive rights to purchase 100% of Vertex's Marrero, Louisiana refinery's marine fuel production until December 2029.
Bunkers sold at republic totalled 47.46 million mt from January to December 2019, 4.7% compared to similar period last year.
In particular, container throughput in 2019 hit an all-time high of 37.2 million TEUs amidst challenging global economic conditions.
Ecuadorian reliance on imports and lack of local LSFO refiners could keep Ecuador’s prices less competitive.
Initial exports of bunker fuel may be limited due to focus on developing domestic coastal bunker fuel market.
China’s fuel oil tax rebate may lower bunker prices, especially in Asian shipping hubs, says FIS’ Chris Hudson.
Services to reduce risk of excessive BAFs, better control over fuel portion of ocean freight rate.
NIMR’s bunker barge will carry an initial capacity of 5,000 mt of MGO, VLSFO and marine lube.
