Global energy and commodity price reporting agency Argus Media on Wednesday (24 April) provided a marine fuels related market update:
Petrobras produced and supplied its first batch of International Maritime Organization (IMO) 2020-compliant marine fuel.
The fuel oil was produced in the 45,000 b/d Isaac Sabba refinery in Manaus, Brazil. It has 0.34pc sulphur content, viscosity of 323cst at 50°C, and density of 932.7 kg/m3 at 15°C. A batch of 618t was supplied on 21 April to a vessel chartered by Petrobras. Petrobras has not yet determined how it will price its IMO 2020-compliant fuel. It is awaiting more clarity in the market.
Other Petrobras' Brazilian refineries are testing production of IMO 2020-compliant fuel oil. The company does not plan to market high-sulphur fuel oil to vessels with scrubbers after the marine fuel regulation begins next year.
Petrobras offers residual fuel oil for bunkering with 0.8pc sulphur maximum at all Brazilian ports, with the exception of Rio de Janeiro, where it markets fuel oil with 3.5pc sulphur maximum content.
Source: Argus Media
Published: 25 April, 2019
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.