The following bunker report has been provided by freight market information provider Baltic Exchange for post on Singapore bunkering publication Manifold Times:
Commentary:
This week’s biggest losses are in the Low sulphur MGO Atlantic basin markets – with Houston and A-R-A down 9% and 10.6% respectively. Concerns about the ‘winter that never was’ in traditional heating oil demand areas have enable a slight surplus of distillates for the marine fuel sector. Indeed, with colder temperatures in Texas than the US Northeast, s&d fundamentals are upended on both ends of the pipe. Crude oil supply is substantial to say the least, and the demand picture is muddled, on a global basis.
Note:
All values are in US$/metric ton, all-in (invoice price), delivered on board
Delivery in 7-10 days
ISO 8217:2010
IFO 380 3.5% Sulphur
IFO 380 0.5% Sulphur
DMA 0.1% Sulphur
Rotterdam – Waalhaven – Maasvlakte range
Houston – Houston Harbor
Singapore – Anchorage, under SBA Scheme
Fujairah – Offshore Anchorage Area
Submitted weekly at Close of Business on Thursdays
Panellists:
Island Oil Limited, Cockett Marine Oil Pte, Monjasa A/S, KPI OceanConnect, Transparensea Fuels
Photo credit and source: Baltic Exchange
Published: 3 February, 2023
Lunday started his career in the bunker industry in 2007 when joining LQM Petroleum Services LLC and joined Dan-Bunkering in October 2021 after the company’s merger with LQM.
Three 6,060 dwt high seas bunker tankers were constructed at Zhejiang Shenzhou Sunshine Heavy Industry Co., Ltd. and joined HSDT’s 21-strong fleet.
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Prime’s Bunkers will continue its operation under the name of Sing Fuels Pte. Ltd. (Hellas); Founder Irene Notias will continue to lead the business.
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ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
