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Panama marine fuel sales volume climbs by 14.52 % on year in April 2022

Total bunker sales at Panama was 477,901 metric tonnes (mt) in April, compared to sales of 417,305 mt during the similar period in 2021, according to PMA data.

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Bunker fuel sales at Panama increased by about 14.52% in April 2022, according to the latest data from La Autoridad Maritima de Panama, also known as the Panama Maritime Authority (PMA).

Total bunker sales at Panama was 477,901 metric tonnes (mt) in April, compared to sales of 417,305 mt during the similar period in 2021.

In April 2022, the Pacific side of Panama posted bunker sales of 400,363 mt; 236,468 mt of VLSFO, 119,538 mt of RMG 380, 7,128 of marine gas oil (MGO), and 37,229 mt of low sulphur marine gas oil (LSMGO) were delivered.

The similar region saw total marine sales of 345,904 mt a year on April; with VLSFO sales at 249,052 mt, RMG 380 sales at 61,739 mt, MGO sales at 11,858 mt, and 23,255 mt of LSMGO being sold.

Panama’s Atlantic side, meanwhile, recorded total bunker fuel sales of 77,538 during April 2022; the figure comprised 52,655 mt of VLSFO, 14,944 mt of RMG 380, 2,021 mt of MGO, and 7,918 mt of LSMGO.

It saw total sales of 71,401 mt in April a year before; with VLSFO sales of 54,259 mt, RMG 380 sales of 6,310 mt, 2,656 mt of MGO, and LSMGO sales of 8,176 mt.

Related: Panama bunker fuel sales volume down by 3.84 % on year in March 2022
Related: Panama bunker fuel sales volume down by 9.74% on year in February 2022
Related: Panama marine fuel sales volume climbs by 9.19% on year in January 2022

An earlier record of marine fuel sales at Panama for 2021 is as follows:

Related: Panama marine fuel sales volume climb by 17.76% on year in December 2021
Related: Panama bunker fuel sales volume falls 10% on year in November 2021
Related: Panama marine fuel sales volume marginally increase by 0.4% on year in October 2021
Related: Panama marine fuel sales volume climbs by 3.4% on year in September 2021
Related: Panama marine fuel sales volume increase by 4.5% on year in August 2021
Related: Panama marine fuel sales volume increase by 12.4% on year in July 2021
Related: Panama marine fuel sales volume increase by 19% on year in June 2021
Related: Panama bunker fuel sales volume gain 19% on year in May 2021
Related: Panama bunker sales volume decrease by 3% on year in April 2021
Related: Panama bunker sales volume dips by 2% on year in March 2021
Related: Panama bunker fuel sales volume dips by 5.5% on year in February 2021
Related: Panama bunker fuel sales volume falls by 14.1% on year in January 2021

 

Photo credit: jhernandezb05 from Pixabay
Published: 23 May, 2022

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Interview

ZeroNorth: Singapore’s pioneering e-BDN bunkering project makes waves internationally

‘This is very much commercially driven as parties in the regions are still trying to figure out how e-BDNs are relevant for their respective locations,’ Kenneth Juhls, Managing Director of ZeroNorth Bunker tells Manifold Times.

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Kenneth Juhls, Managing Director, ZeroNorth Bunker,

The Maritime and Port Authority of Singapore (MPA)’s pioneering electronic bunker delivery note (e-BDN) project for the republic’s maritime sector has been steadily gaining attention from      overseas, observes the Managing Director of digital bunkering platform solutions provider ZeroNorth Bunker.

“We currently see interest from bunker buyers, shipping firms, barge owners and operators, fuel suppliers and a few port authorities based at the ARA, Mediterranean, Middle East, and the U.S. who are all eyeing to see how the e-BDN project at Singapore turns out,” Kenneth Juhls told Manifold Times.

“This is very much commercially driven as parties in the regions are still trying to figure out how e-BDNs are relevant for their respective locations.”

According to Juhls, recent implementation of the Singapore-Rotterdam Green and Digital Shipping Corridor (GDSC) would suggest that the Amsterdam-Rotterdam-Antwerp (ARA) region would be the “next step” to expand e-BDN bunkering operations.

“I see ARA as a good next step to expand e-BDN. ZeroNorth is very keen to engage with all port authorities to share knowledge and hands on experience based on the deployment of e-BDN bunkering operations at Singapore,” he said.

“Obviously, we would love to have a full end-to-end digital solution where the e-BDN is receiving verified information from the mass flowmeter (MFM) so there is no manual intervention; much like Singapore port.

“However, in practise one does not need a MFM-equipped bunker tanker to be able to perform e-BDN bunkering operations.”

Juhls explained digital bunkering platforms are also designed to be adaptive to different situations by allowing manual entry of data in certain circumstances.

“In Singapore, we are still in the integration phase of seamlessly connecting MFM data to the e-BDN system. In the interim, manual data entry, where personnel the tablet to take a photo of the bunker metering ticket and the eBDN app using OCR technology to auto extract the data receipt and key similar information into the tablet, is still being performed,” he said.

“In my understanding, phase two of MPA’s e-BDN integration will look into eliminating this action.”

Moving forward, Juhls says that he wishes for the shipping industry to adopt e-BDN solutions at a quicker pace.

“Singapore is the biggest bunkering port, and thus is a perfect location to kickstart momentum on e-BDN. But we also need to include the whole shipping industry for      it to work well,” he said. “We hope that together we’ll be able to spur faster global adoption of e-BDN and enable widespread digital transformation.”

Related: SMW 2024: Singapore-Rotterdam Green and Digital Shipping Corridor partners to implement first-mover pilot projects

 

Photo credit: ZeroNorth
Published: 24 April 2024

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Alternative Fuels

Platts proposes to launch Singapore bio-bunker fuels market-based assessment

Proposal is on the back of growing interest for blended bio-bunkers in Singapore, the world’s largest bunkering hub, amid increasing pressure on the shipping sector to decarbonise.

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Platts, part of S&P Global Commodity Insights, on Tuesday (23 April) proposed to launch a new daily market-based delivered Singapore bio-bunker assessment, effective 1 August.

This proposal is on the back of growing interest for blended bio-bunkers in Singapore, the world's largest bunkering hub, amid increasing pressure on the shipping sector to decarbonise.

The new assessment would reflect marine fuel blend of biodiesel with low sulphur fuel oil. Platts would publish the Singapore bio-bunkers market-based assessment as a differential to Platts Marine Fuel 0.5% (AMFSA00), and as an outright value.

The assessment specifications would be as follows:

Platts proposes to launch Singapore bio-bunker fuels market-based assessment

Other delivery periods and volumes may be considered in the Platts Market on Close assessment process and normalised back to the above specifications.

Bio-bunkers stems must be incompliance with the EU's Renewable Energy Directive, or RED requirements, and meet sustainability requirements such as ISCC or RSB sustainability criterions.

Platts will not consider bio-bunkers that use palm oil as a bio-component.

International Organization for Standardization is revising the ISO 8217 standards to include additional requirements for blended bio-bunker. The assessment would reflect standards set in the document ISO 8217:2024 Petroleum products -- Fuels (class F) -- specifications of marine fuels, as well as standards set by Singapore's Maritime Port Authority on specifications of marine biofuels (WA 2:2022). Platts is seeking specific feedback on these standard requirements.

Platts is also seeking specific feedback on the reference density of blended bio-bunkers.

The assessment would be published on Platts Biofuels Alert (PBF2500), in the Bunkerwire Report, Bunkerwire Monthly, Biofuelscan report and Biomass-Based Diesel Report.

The new daily bio-bunkers assessment would be timestamped to 5.30 pm Singapore time and follow the Singapore publishing schedule.

Platts spot price assessments consider market information reported to Platts and published throughout the day, including firm bids and offers, transactions and indications of value. In the absence of observable spot market activity, Platts may consider other verifiable data reported. This information will be published as price heards.

At present, Platts publishes a daily cost-based B24 Singapore bio-bunkers assessment reflecting a ratio of 76% fuel oil based on Platts benchmark Marine Fuel 0.5% Bunker Dlvd Spore $/mt assessment (MFSPD00) and 24% used cooking oil methyl ester based on the Platts UCOME FOB Straits $/mt assessment (UCFCB00). This calculated price assessment will continue to be published alongside the proposed new assessment and will be renamed “Platts B24 calculated bio-bunker Singapore.”

Related: Platts launches new blended bio-bunkers assessment in Singapore

 

Photo credit: Justin Lim on Unsplash
Published: 25 April 2024

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Winding up

Singapore: Annual general meetings scheduled for Xihe Holdings subsidiaries

Annual general meetings will be held between 8 to 9 May for Hua Zhong Shipping, Dong Ya Tankers, Dong Sheng Tankers and Da Xin Tankers to receive an update on firms’ liquidation.

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Several notices were published on the Government Gazette on Tuesday (23 April) regarding the annual general meetings to be held between 8 to 9 May for Xihe Holdings subsidiaries Hua Zhong Shipping, Dong Ya Tankers, Dong Sheng Tankers and Da Xin Tankers. 

Annual general meetings for Hua Zhong Shipping are to be held on 8 May at the following times:

For the company: 2pm
For the creditors: 3pm

Annual general meetings for Dong Ya Tankers are to be held on 9 May at the following times:

For the company: 10am
For the creditors: 11am

Annual general meetings for Dong Sheng Tankers are to be held on 9 May at the following times:

For the company: 2pm

Annual general meetings for Da Xin Tankers are to be held on 8 May at the following times:

For the company: 10am
For the creditors: 11am

The agenda for all the meetings are:

  1. To receive an update on the liquidation.
  2. To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up

The following are the details of the liquidator:

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

Xihe Holdings Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

Related: Singapore: Da Xin Tankers, Dong Ya Tankers, Hua Zhong Shipping to be wound up
Related: Singapore: Annual general meetings scheduled for Xihe Holdings subsidiaries

 

Photo credit: Jo_Johnston from Pixabay
Published: 25 April 2024

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