Singapore Refining Company completes first VLSFO cargo delivery

Singapore Refining Company completes first VLSFO cargo delivery


The Singapore Refining Company (SRC), a 50/50 joint venture between Chevron Singapore Pte. Ltd. and Singapore Petroleum Company Limited, a wholly-owned subsidiary of PetroChina International Co. Ltd., on Thursday (7 November) said it has supplied its first cargo of Very Low Sulphur Fuel Oil (VLSFO) in October 2019.

The development is in line with the refinery and wider industry’s readiness to supply 0.5% sulphur marine fuels from Singapore, one of the largest international bunkering ports, from 1 January 2020 when the International Maritime Organization (IMO) regulations come into effect. 

In addition to VLSFO, SRC will have the flexibility to produce marine gas oil (MGO) with the reconfiguration of its assets.

“With the IMO regulation coming into effect in January 2020, ship owners will be looking at different options to comply with the new compliance and enforcement requirements,” said Mr William L. Stone, Chief Executive Officer of SRC.   

“Our production capabilities at SRC will enable our two shareholders, Singapore Petroleum Company Limited and Chevron Singapore Pte. Ltd. to offer a variety of marine fuels for vessels with and without scrubbers.”


Photo credit: Manifold Times
Published: 7 November, 2019

 

Oil Price

Top Ports Price $/mt Change High Low Spread
Singapore 000.00 000.00 000.00 000.00 000.00
Fujairah 000.00 000.00 000.00 000.00 000.00
Rotterdam 000.00 000.00 000.00 000.00 000.00
Hong Kong 000.00 000.00 000.00 000.00 000.00
Antwerp 000.00 000.00 000.00 000.00 000.00
Top Ports Price $/mt Change High Low Spread
Singapore 000.00 000.00 000.00 000.00 000.00
Fujairah 000.00 000.00 000.00 000.00 000.00
Rotterdam 000.00 000.00 000.00 000.00 000.00
Hong Kong 000.00 000.00 000.00 000.00 000.00
Antwerp 000.00 000.00 000.00 000.00 000.00
Top Ports Price $/mt Change High Low Spread
Singapore 000.00 000.00 000.00 000.00 000.00
Fujairah 000.00 000.00 000.00 000.00 000.00
Rotterdam 000.00 000.00 000.00 000.00 000.00
Hong Kong 000.00 000.00 000.00 000.00 000.00
Antwerp 000.00 000.00 000.00 000.00 000.00

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