Global energy and commodity price reporting agency Argus Media on Monday (27 May) said it has launched an IMO-compliant 0.5% sulphur fuel oil price assessment for bunkering at Los Angeles.
The Los Angeles price assessment is for ex-wharf deliveries ranging between 500 to 3,000 metric tonnes (mt). It will be published daily in $/t, with delivery timing 2 to 7 days ahead.
“Why Los Angeles? For the most part, containership demand drives bunker demand at Los Angeles,” it informs.
“Los Angeles and the neighboring port of Long Beach are the top US containership ports. Their containership throughout increased by 3.9% to 17.55mn twenty-foot equivalent unit (TEU) in 2018, compared with 16.89mn t in 2017.
“Los Angeles and Long Beach sold about 3.20mn t of marine fuel in 2018, of which about 80% (or 2.56mn t) was residual bunker fuel. In 2020, the bulk of the residual bunker fuel demand is expected to shift to 0.5% sulphur marine fuel.”
The price assessment is available in Argus Marine Fuels and Argus US Products.
Further details of Argus Media’s 0.5% sulphur fuel oil bunker price assessment at Los Angeles can be obtained here.
Photo credit: Courtesy of the Port of Los Angeles
Published: 27 May, 2019
Sales of low sulphur 380 cSt grade significantly increased from 700 mt to 21,500 mt in March 2019 on year.
IMO, ICS, BIMCO, INTERTANKO, among maritime organisations voice concerns over threat to ships and crews.
Product now available at Kandla and Kochi ports; deliveries at other locations to start from mid-November.
Titan LNG to monitor COVID-19 situation based on approved guidelines and situation reports in order to optimise normal working rhythms and a healthy economy.
Texas International Terminals will operate a simple distillation unit with a capacity of 50,000 barrels per day.
10%-15% of total ocean-going freight capacity will employ scrubbers in 2020; difference in freight rates will be main variable to determine optimal investment pay-off period.
The local bunkering sector has adapted to IMO 2020 requirements and LSFO is now available at more than two earlier locations, notes bunker supplier Trillion Energy.
Claiming USD 108,887.87 for the supply and delivery of 310.00 mt of low sulphur marine gas oil at the Port of Jeddah on or about 23 February 2020.
A sanitisation expert offers Manifold Times a summary of the processes involved in disinfecting a ship together with the equipment and products used in the operation.
‘As the saying goes without people buying things, manufacturing will slow, trade will also slow and shipping movements slows down. It’s a whole chain of reaction,’ says Simon Neo.
Laboratory looking to collaborate with Singapore bunker surveyors to roll out COVID 19 testing service, which has been successfully adopted by land-based industries, to the maritime sector.
Sinfeng Marine Services filed an application to the Court of Appeal to withhold information from the liquidators on October 2019; the appeal was dismissed a month later.
