Sales of marine fuel at the port of Singapore in March 2019 slightly fell by 1.8% on year, according to Maritime and Port of Singapore (MPA) data.
In total, 4.09 million metric tonnes (mt) (exact: 4,090,800 mt) of various bunkers were sold at the port in March, compared to 4.17 million mt (exact: 4,168,300 mt) in March 2018.
Deliveries of 500 centistokes (cSt), 380 cSt and 180 cSt grade in March 2019 (versus on year), was respectively 737,500 mt (-10.8% from 826,400 mt), 2.95 million mt (-4.8% from 3.10 million mt), and 24,400 mt (-11.3% from 27,500 mt).
Low sulphur 500 cSt, 380 cSt and 180 cSt grades recorded sales of zero mt (0% change from zero mt), 21,500 mt (+2,971.4% from 700 mt), and 39,000 mt (+248.2% from 11,200 mt).
Low sulphur marine gas oil (LS MGO) sales were posted at 208,500 mt (+74.9% from 119,200 mt) and MGO at 68,900 mt (12.0% from 61,500 mt).
Related: Singapore: January bunker sales volume down 8.8% on year
Related: Singapore: Bunker sales volume down 8.6% on year in February
A monthly record of Singapore’s bunker sales volume in 2018 can be found here.
Published: 16 April, 2019
Bulk carrier Transpacific, VLCC Hirado, and bulk carrier Nord Steel boarded by pirates along eastbound lane.
This move follows the assessment by WHO that COVID-19 has been characterizsd as a pandemic; IMO staff are working from home where possible.
Market participants noticed export volumes to China have decreased since March, possibly due to increased domestic LSFO bunker fuel production, it said.
There is an industry trend of focusing on debt reduction instead of fleet growth in the absence of any dominant technology to meet IMO regulations, it said.
Firm currently the leading supplier in West Africa measured on volume supported by a fleet of 10 tankers.
Maersk will procure 1.25 million mt per year of 0.5% sulphur fuel oil from PBF in the US Atlantic coast.
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.
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