The ‘Fuel Oil/ Low Sulphur Fuel Oil Futures Market Development Report 2022’ recently published by Shanghai Futures Exchange (SHFE) and subsidiary Shanghai International Energy Exchange (INE) shared highlights of Shanghai’s fuel oil futures market since its launch in 2004.
The report also included additional data on China’s bunkering industry. A list of the updated information are as follows:
Related: Shanghai Futures Exchange celebrates Fuel Oil futures milestones since 2004
Related: China officially launches Zhoushan Bonded Fuel Oil Index System with ‘Buyer’s Quotation’
Related: China: Zhoushan port digitalises bunker fuel, oil product storage availability info
Related: China: Zhejiang Oil Center launches price information service for the storage of oil products
Related: Zhoushan and Ningbo authorities update bonded bunkering procedure document for shipowners
Related: Zhoushan port launches bunkering operations at Qushan temporary anchorage
Photo credit: Manifold Times
Published: 29 June, 2022
FuelEU Maritime, if adopted, will require a gradual improvement of carbon intensity of energy used onboard KCC’s vessels from 2025 (2%) up to 2050 (75%).
Rough weather could disrupt bunkering in Zhoushan from Friday and intensify in strength over the weekend. Bunker deliveries could be suspended, sources say.
EMF Director identifies some reversible and irreversible industry trends due to Covid-19, and shares its strategy to establish trust among stakeholders.
Development positions Spanish ports at the forefront of the supply of green bunker fuels for the maritime sector, according to Cepsa.
TFG Marine unveils expansion strategy which includes welcoming Rasmus Bach Nielsen, Trafigura Global Head of Fuel Decarbonisation, to its Marine board.
The pioneering vessel shares many characteristics of Singapore bunker tankers; it features an imported digital massflow meter and can supply multiple ships in a single trip.
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.
