Global energy and commodity price reporting agency Argus Media on Tuesday (21 July) said it has just recorded a webinar looking at the current state of the Asia Pacific bunker market.
In this on-demand webinar, it said its marine fuels specialists in Singapore, China and Japan provide an update on the dynamics driving the world’s largest bunker market.
Topics that are covered by the webinar include:
Access and watch the webinar on demand here.
Photo credit: Argus Media
Published: 22 July, 2020
Inatech built ‘ShiptechLite’ for small-to mid-size shipping companies weathering Covid-19 related disruptions but lacks the tools and resources to do so efficiently.
Monjasa sold a total of 1.23 million mt of bunker fuels in Q1, boosted by higher sales of IMO-compliant 0.5% sulphur fuel oil and 0.1% sulphur marine gasoil (MGO).
Acquisition part of EMF’s preparation for 2020 to reach further up supply chain and operate as a more robust marine fuel logistics provider, says Director.
Engine was developed by CSSC subsidiary WinGD and built by Shanghai CSSC Mitsui Shipbuilding Diesel Engine Co; it has received approval from French classification society BV.
Bunker fuel prices reached $445 per metric tonne in the third quarter, up from $311 from a year earlier.
The eight, 49,999 deadweight tonne vessels will be built in South Korea at Hyundai Mipo Dockyard and delivered to WFS between 2021 and 2023.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.
