Global energy and commodity price reporting agency Argus Media on Thursday (17 October) provided a marine fuels industry update:
Fujairah-based bunkering firm Mediterranean Eastern Enterprise (MEE) has started supplying International Maritime Organisation (IMO) compliant marine fuels.
MEE sold a first cargo of 0.5pc sulphur bunker fuel today.
The volume and date of delivery was unconfirmed. MME's product has a viscosity of around 120cst and sulphur content of just below 0.5pc.
A number of Fujairah suppliers have been offering 0.5pc sulphur bunker fuels recently. Independent bunker seller Oil Marketing Trading International (OMTI) began supplying IMO-compliant marine fuels earlier this month, and Dubai-based trading firm GP Global started deliveries of 0.5pc bunker fuels at the port in September.
Another major bunker seller, International Supply, will start offering IMO-compliant bunker fuels next week, market participants said.
Demand for IMO-compliant fuel is on the rise ahead of the 1 January imposition of rules that prohibit use of high-sulphur fuel unless a vessel has exhaust scrubber equipment fitted.
Source: Argus Media
Published: 18 October, 2019
Petrobras trading office in Singapore expected to sell the residual fuel oil to local registered suppliers.
Costank was positioned 16th out of 51 players in MPA’s list of top Singapore bunker suppliers by volume in 2018.
Pegasus allowed an unlicensed craft operator to use its bunker craft to make bunker deliveries, says MPA.
Emergency Bunker Surcharge partially offset rising unit cost of 7.7% due to market price of marine fuel.
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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.
