Stocks of fuel oil at Singapore decreased 10% to 3.392 million metric tonnes (mt) in the week ended 3 January, showed data from International Enterprise (IE) Singapore.
The week saw a 149% jump of 382,000 mt in fuel oil net imports into Singapore to a 33-week high of 1.457 million mt, while exports fell to a seven-week low, according to Reuters.
On year, onshore fuel oil stocks were 22% up.
Singapore exported 196,000 mt of fuel oil to China, 50,000 mt to Hong Kong, and 25,000 mt to Bangladesh, according to IE Singapore data.
Imports to Singapore include Venezuela at 303,000 mt, Brazil at 156,000 mt, Iraq at 149,000 mt and Russia at 142,000 mt.
Published: 5 January, 2018
Consumers will move out of high sulphur fuel oil demand and into marine gasoil or a new very low sulphur fuel oil, says forecast.
China’s demand for bonded bunker fuel in March totalled 500,000 mt, showing an increase due to seasonal demand and effective control of the COVID-19 virus, says JLC.
Using such fuels can result in highly compromised combustion leading to engine and turbocharger damage.
Infineum has been evaluating various test methods to support the industry with a view to finding a new test method to better indicate the suitability of VLSFOs.
Subsidiary Lanka Marine Services saw increased market share and profits, says Chairman of the group.
In total, 4.18 million mt of various marine fuels were sold at the world’s largest bunkering port in December, lower than 4.29 million mt in December 2020.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
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.
