Bunker sales at Singapore port rose by 5.7% on year in March 2020, according to Maritime and Port Authority of Singapore (MPA) data.
A total 4.32 million metric tonnes (mt) (exact: 4,322,300 mt) of bunkers was sold at the port in March, more than 4.09 million mt (exact: 4,090,800 mt) posted during March 2019.
Deliveries of 500 centistokes (cSt), 380 cSt and 180 cSt grades in March 2020 (against on year), were respectively 85,100 mt (-85.1% from 737,500 mt), 653,300 mt (-77.8% from 2.95 million mt), while 180 cSt product recorded no sales (-100% from 24,400 mt).
Low sulphur 500 cSt, 380 cSt and 180 cSt products respectively recorded 93.6 million mt sales (compared to zero), 1.98 mt (significantly up from 21,500 mt), and 77,700 mt (+99.2% from 39,000 mt).
The latest data introduced new categories, namely low sulphur 100 cSt, and ULSFO which respectively recorded 849,000 mt and 78,600 mt of sales in February.
Low sulphur marine gas oil (LS MGO) sales were posted at 406,800 mt (+95.1% from 208,500 mt) and MGO at 52,100 mt (-24.3% from 68,900 mt).
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 April, 2020
Contract of 10 mt is settled through physical delivery - a first in Singapore - and is expected to bring increased convenience to the fuel oil market, it says.
A total of 120 lots traded on the opening day on the December, January and February contracts, states Argus.
From RM 100,000 to RM 2.7 million on year in 2017, due to diversification into oil bunkering and trading activities.
‘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.
‘We look forward to welcoming key leaders from around the world to Singapore next October,’ says MPA.
Vermont Bunkering had dishonestly induced its customers to make excess payments totalling over US$8 million, says CPIB.
The Singapore court was planning to enforce a seizure and sale of the asset to pay a USD 705,594.45 debt owned by GP Global APAC to Equatorial Marine Fuel Management Services via a judgement.
‘We intend to expand our product portfolio to include VLSFO bunker deliveries at a later stage; after investments into the MGO bunkering segment have been complete,’ Director tells Manifold Times.
Fast Energy Sdn Bhd is currently exploring collaboration with a major Malaysian bunker supply firm operating at Port Klang; the operation will be supported by CCK Petroleum upon finalisation.
Veritas Petroleum Services records numerous contaminants such as plastic, fibres, black gum, paraffins, fatty acids, and other component found in the off-spec RMK 700 marine fuel.
Course includes topics on valid and binding transactions; quality or quantity disputes; shipping issues; contract termination; claims; insolvency and others. Registration closes 25 February 2021.
All bunker vessels that have received the necessary clearance for out of port bunkering operations may do so at the stated Tompok Utara coordinates only or risk penalty, according to the MMEA.
