Connect with us

Business

Singapore: Bunker fuel sales continue upward trend, up 8.3% on year in February

3.79 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in February, an increase from 3.50 million mt recorded during February 2022.

Admin

Published

on

MT photos 13 February 2023 14

Sales of bunker fuel at Singapore port increased by 8.3% on year during February 2023, according to Maritime and Port Authority of Singapore (MPA) data.

In total, 3.79 million metric tonnes (mt) (exact 3,794,300 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in February, an increase from 3.50 million mt (3,504,000 mt) recorded during February 2022.

Deliveries of 500 centistokes (cSt), 380 cSt and 180 cSt grades in February (against on year) were respectively 3,700 (-100% from 128,100 mt), 1.10 million mt (18.3% from 795,900 million mt), and zero (-100% from 200 mt).

Low sulphur variants of 500 cSt, 380 cSt and 180 cSt products in February (against on year) recorded respectively zero (versus zero), 1.94 million mt (15% from 1.73 million mt), and 63,500 mt (-20.9% from 93,800 mt).

Low sulphur 100 cSt recorded sales of 346,400 mt (-6.7% from 461,600 mt) and ULSFO had no sales in February.

Low Sulphur marine gas oil (LSMGO) sales were posted at 297,000 mt (-6.6% from 280,500 mt) and MGO at 6,200 mt (-21.7% from 10,600 mt).

Related: Singapore’s bunker sales kickstarts well with 8.6% increase on year in January

A complete series of articles on Singapore bunker volumes by Manifold Times in 2022 can be found below:

Related: Singapore: January bunker sales volume down 10.4% on year, show MPA data
Related: Bunker fuel sales at Singapore fell 15% on year in February 2022
Related: Singapore: Marine fuel sales continue downward trend, falls 10.2% on year in March
Related: Singapore: Marine fuel sales continue downturn trend, down 12.1% on year in April
Related: Singapore: Bunker fuel sales increase by 1.1% on year in May
Related: Bunker fuel sales at Singapore fell 8.7% on year in June 2022
Related: Singapore: Bunker fuel sales increase by 1.4% on year in July, show MPA data
Related: Marine fuel sales at Singapore increase by 1.1% on year in August
Related: Singapore: Bunker fuel sales marginally up 0.8% on year in Sep
Related: Singapore: Bunker fuel sales slightly down 0.1% on year in October
Related: Singapore: Bunker fuel sales increase by 3.6% on year in November
Related: Singapore: Bunker fuel sales increase by 0.9% in December, show MPA data

 

Photo credit: Maritime and Port Authority of Singapore
Published: 14 March, 2023

Continue Reading

Bunker Fuel

China: Zhoushan to host 7th IPEC commodities, bunker conferences on 16 to 17 October

Global marine bunker development will be among main topics of discussion at the 7th International Petroleum and Natural Gas Enterprises Conference (IPEC).

Admin

Published

on

By

China: Zhoushan to host 7th IPEC commodities, bunker conferences on 16 to 17 October

The 7th International Petroleum and Natural Gas Enterprises Conference (IPEC) is taking place at Zhoushan, Zhejiang province, China between 16 to 17 October.

 The agenda, provided by the Zhoushan High-tech Zone Administrative Committee to foreign event media partner Singapore bunkering publication Manifold Times, is as follows:

16 October

  • Registration and sign-in for participating guests
  • Meetings between Zhejiang Provincial and Zhoushan Municipal leaders with VIPs

17 October

Morning

Plenary Session of the Conference (Oriental Hall, Zhoushan International Conference Center)

  • Leader’s speech, guest keynote speech, signing of major projects

China: Zhoushan to host 7th IPEC commodities, bunker conferences on 16 to 17 October

Discussion Topics [*17 October, 2pm to 5pm]

Focus Topic Meeting: Global marine bunker development*
Location: Haitian Hall, Haizhongzhou International Hotel, Zhoushan

14:00-14:05 - Opening of the Meeting

14:05-14:15 - Speech by Leaders

14:15-14:30 - Announcement of "Top Ten Global Bunkering Ports" and "Top Ten Global Bunkering Companies"

14:30-14:40 - Announcement of Construction Work of Northeast Asia Bonded Marine Fuel Bunkering Hub

14:40-14:50 – Launch ceremony of Zhoushan "White-list" Bunker Barge Mass Flow Meter System Pilot Certification Programme

14:50-15:10 - Signing Ceremony

15:10-16:10 - Keynote speech

16:10-16:35 - Coffee break

16:35-17:05 - Roundtable forum (Topic: Facing green and low-carbon transformation in global shipping, how do marine fuels change in response to the trend?)

17:05-17:35 - Roundtable forum (Topic: The road to develop high-quality offshore fuel bunkering metering under the new developments)

17:35-17:40 - Moderator’s summary

Utilising financial innovation, futures and spot cooperation to promote the construction of a hub for the allocation of bulk commodity resources*
Location: Putuo Hall, Zhoushan International Conference Center

Open development of global shipping trade*
Location: Donghai Hall, Hilton Zhoushan

International iron ore trade development*
Location: Banquet Hall 1/3, The Westin Zhujiajian Resort, Zhoushan

Development of China's new chemical materials industry during the “15th Five-Year Plan”*
Location: Banquet Hall 1/3, The Westin Zhujiajian Resort, Zhoushan

Development of non-ferrous metal mining industry*
Location: Lianhua Ocean Hall, Hilton Zhoushan

16 and 17 October
International maritime law of the free trade port (zone)
Location: Fortune Hall, Zhoushan CaiFu Hotel

 

Photo credit: Zhoushan High-tech Zone Administrative Committee
Published: 11 October, 2024

Continue Reading

Alternative Fuels

SIBCON 2024: Vitol anticipates securing LNG bunker licence in Singapore

‘It would be unthinkable not to deploy at least one of the three barges Vitol has on order in Singapore,’ says Vitol’s Head of Asia Mike Muller during a panel discussion.

Admin

Published

on

By

SIBCON 2024: Vitol anticipates securing LNG bunker licence in Singapore

Energy trader Vitol’s Head of Asia Mike Muller on Wednesday (9 October) said the company is anticipating being granted a LNG bunker licence in Singapore soon. 

“It would be unthinkable not to deploy at least one of the three barges Vitol has on order in Singapore,” he said. 

Mike Muller made the announcement during the Viewing the Energy Transition Through the Lens panel discussion at the 23rd Singapore International Bunkering Conference (SIBCON).

“We expect to see growth in LNG use as a bunker fuel for at least another decade, and probably longer,” he added. 

On the increasing uptake of biofuels, he said Vitol is seeing demand for biofuel blended bunkers in Singapore roughly doubling every year at the moment, heading for around 1 million mt this year and maybe 2 million mt next year. 

“Demand for 100% biofuel from shipping customers is also starting to pick up as of this year and we have led the way in commissioning new IMO type 2 barges to fulfil this demand - indeed an important Asian customer of ours has taken three deliveries of B100 UCOME biofuel just in recent weeks here in Singapore,” Muller explained. 

Manifold Times previously reported Vitol securing three LNG Bunkering Vessels (LNGBV) through its shipping company, Vitol International Shipping Pte Ltd (VIS).

The vessels were secured via a seven to ten year time charter agreement with Avenir LNG Limited (Avenir) and an order for two vessels at the CIMC Sinopacific Offshore & Engineering Co. Ltd shipyard in Nantong, China.

The time charter agreement with Avenir is for one newbuild 20,000m3 LNGBV. The time charter will commence at delivery from the shipyard in China in Q4 2026 and will serve a period of seven years with options to extend up to ten years in total

Vitol also ordered one 12,500 m3 and one 20,000 m3 LNGBV at the CIMC SOE shipyard in China. The vessels will be delivered in Q4 2026 and Q3 2027 respectively.

Related: Vitol secures LNG bunker vessel trio with time charter deal and newbuilding order

 

Photo credit: Vitol
Published: 11 October, 2024

Continue Reading

Bunker Fuel

SIBCON 2024: Bunker players sign SCMA pledge to drive progress within Maritime Singapore

Bunker players involved include Consort Bunkers, Equatorial Marine Fuel, Golden Island, Hong Lam Marine, Kenoil Marine Services, Marubeni International Petroleum and Sinopec Fuel Oil.

Admin

Published

on

By

SIBCON 2024: Bunker players sign SCMA pledge to drive progress within Maritime Singapore

Some 10 bunker players on Tuesday (8 October) signed a pledge with Singapore Chamber of Maritime Arbitration (SCMA) at the 23rd Singapore International Bunkering Conference and Exhibition (SIBCON).

The bunker players involved are Consort Bunkers Pte Ltd, Equatorial Marine Fuel Management Services Pte Ltd, Fratelli Cosulich Bunkers (S) Pte Ltd, Global Energy Trading Pte Ltd, Golden Island Pte Ltd, Hong Lam Marine Pte Ltd, Kenoil Marine Services Pte Ltd, Marubeni International Petroleum (S) Pte Ltd, Sinopec Fuel Oil (Singapore) Pte ltd and Victory Pte Ltd.

SCMA and the pledgees will work together to promote and enhance the capabilities  and opportunities within the Maritime Singapore community and ecosystem.

Among the aspirational goals embodied by the SCMA Pledge is that the pledgees give preferential consideration, where appropriate, for the use of the SCMA Arbitration Rules for the resolution of their maritime or international trade disputes.

The bunker players may also use its best endeavours to support the Maritime Singapore community and ecosystem, including contributing to the development and dissemination of best practices as well as providing support and opportunity to young maritime legal and dispute resolution professionals in the form of internships, mentorships, and educational seminars aimed at fostering the next generation of maritime leaders.

SCMA, a specialist arbitration institution, is the only arbitration institution in Singapore focused on maritime and international trade disputes.

It offers the maritime and international trade sectors a set of arbitration rules and guidelines which are flexible and cost effective.

Users of SCMA arbitration include maritime companies, international traders and commodity companies for the resolution of their disputes such as those involving charterparty, bunker, commercial sales, cargo, oil and gas, shipbuilding and ship repair.

 

Photo credit: Singapore Chamber of Maritime Arbitration
Published: 11 October, 2024

Continue Reading
Advertisement
  • SBF2
  • EMF banner 400x330 slogan
  • RE 05 Lighthouse GIF
  • Aderco advert 400x330 1
  • Consort advertisement v2
  • v4Helmsman Gif Banner 01

OUR INDUSTRY PARTNERS

  • Singfar advertisement final
  • SEAOIL 3+5 GIF
  • HL 2022 adv v1
  • Triton Bunkering advertisement v2
  • 102Meth Logo GIF copy


  • Synergy Asia Bunkering logo MT
  • E Marine logo
  • Auramarine 01
  • Mokara Final
  • PSP Marine logo
  • Central Star logo
  • Golden Island logo square
  • Energe Logo
  • Trillion Energy
  • pro liquid
  • Headway Manifold
  • VPS 2021 advertisement
  • 400x330 v2 copy
  • Advert Shipping Manifold resized1

Trending