Bunker sales at Singapore port rose 13.6% on year in August 2020, according to Maritime and Port Authority of Singapore (MPA) data.
A total 4.17 million metric tonnes (mt) (exact: 4,168,900 mt) of bunkers was sold at the port in August, more than 3.67 million mt (exact: 3,668,911 mt) posted during August 2019.
Deliveries of 500 centistokes (cSt), 380 cSt and 180 cSt grades in August 2020 (against on year), were respectively 55,000 mt (46.5% 89.2% from 102,900 510,000 mt), 971,700 mt (-64.1% from 2.71 million mt), while 180 cSt product recorded no sales (-100% from 26,700 mt).
Low sulphur 500 cSt, 380 cSt and 180 cSt products respectively recorded no sales, 2.23 million mt (significantly up from 35,800 mt), and 11,900 mt (-71.6% from 41,900 mt).
The latest data introduced new categories, namely low sulphur 100 cSt which recorded 599,900 mt and ULSFO had no sales in August.
Low sulphur marine gas oil (LS MGO) sales were posted at 273,200 mt (+25.0% from 230,800 mt) and MGO at 27,400 mt (-55.6% from 61,800 mt).
Related: Singapore: Bunker fuel sales increase 7.2% on year during July
Related: Singapore: Bunker sales declined 2.3% on year in June, in line with market expectations
Related: Bunker fuel sales dipped 2% at Singapore port in May, experts provide opinion and forecast
Related: Marine fuel consultants explain Singapore’s 10.8% on year bunker sales increase in April
Related: Singapore: March 2020 bunker fuel sales rise 5.7% on year
Related: Singapore: February 2020 bunker sales volume up 2.5% on year
Related: Singapore: January 2020 bunker sales volume up 7.5% on year
Photo credit: Manifold Times
Published: 14 September, 2020
Under the agreement, Petrol Ofisi will supply bunker fuel to IDO for three years; IDO carries 51 million passengers and 35 million vehicles annually with its fleet.
Facility will be re-branded as Prax Terminals Belgium, with Harvest Energy Marine managing all bunkering and commercial operations at the terminal.
Single hull tankers registered under the Malaysia Flag are not permitted to carry Heavy Grade Oil (Fuel Oil/Black Oil/Residual Oil), according to a shipping notice.
Singapore-based Jiaxiang Energy Holding Pte. Ltd purchased millions of dollars in petrochemicals from Arya Sasol through Triliance Petrochemical.
‘This is a difficult but necessary step to improve our company’s competitiveness and strengthen the foundation of our business for future success,’ said Chairman.
Torbjørn Kjus, Head of Energy Trading at Vistin Pharma, resigns from his position to pursue other interests.
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.
