Index: IFO 380: VLSFO 0.5: MGO 0.1: World [? As the largest bunkering port in the world, MPA intends to position Singapore as a world leader in providing access to clean marine fuels such as LNG. Platts, a unit of S&P Global Inc, said on Thursday it is launching price assessments on Sept. 2 for LNG bunker fuels in the top global bunkering hubs of Singapore and Rotterdam. To obtain a representative geographical spread, the ports were selected by size with reference to their geographical importance. Captain Daknash Ganasen, Senior Director (Operations & Marine Services), MPA, provides direction on what should players do when providing bunker fuel to a COVID-19 infected ship, and more. Find us at: Dubai-based Lamin Bara and Rali Bara receive promotion on the back of rapid expansion and future company direction. “Argus Bunker Index (ABI) Singapore LSFO 0.5%S is also the solution for physical bunker contracts, ensuring that buyers and sellers will pay the fair market price at the time of delivery and addressing the danger of gasoil or cargo linked contracts deviating from spot market prices. Panama Canal bunker volumes in May fell back by 5.1% year on year, and they were also down on April’s volumes, which totalled 414,137 mt. Learn more – How Shipowners are losing money by choosing the wrong bunker port Live Prices in 400 Ports Our planning tool quickly evaluates 100’s of options, whilst considering live prices, deviations, calling costs, barging, extra bunker time, vessel day rate and consumption. This is the right place to be if you are keen on the latest happenings, and more, taking place at the world’s largest bunkering hub. prices@manifoldtimes.com, Email us for our advertisement package: Hear about the latest developments in bunkering in Singapore and the rest of the world; Understand how bunker barges and tankers operate; Related: SGX to launch low sulphur fuel oil derivative contracts on 18 November 2019 ‘We recognise it is important to hold dialogues especially in this challenging time, to gain feedback and suggestions to make Labuan port more resilient and effective,’ says MD. APEX Argus Bunker Index Singapore LSFO 0.5%S futures have been launched to coincide with new IMO rules taking effect in January 2020, where ships without exhaust scrubbers are required to use fuel with a sulphur content of a maximum of 0.5%, a reduction from the current 3.5%. Bulugo explained that it can now offer buyers external unsecured finance of up to USD20m under an exclusive agreement with Whitehall Finance. Fuel oil futures prices for 380 cSt and MGO traded down in Singapore market. Follow Us On Our Preferred Social Media Platform: SGX Argus LSFO 0.5%S Singapore Bunker Index Futures now available for trading. is here to save you. However, Singapore bunker sales remain stable to slightly higher throughout 2020, despite forecasts of a 7-17% decline in bunker fuel demand. At the Port of Singapore the marine fuel market has registered a 2% dip in year-on-year sales to 3.93 million metric tones (mt), while volumes for the year to date are ahead of 2019 figures. **MFO 380 CST sales maintain momentum to hit 995,000 mt **Nov LSFO sales rise 4.5% from Oct Published: 18 November, 2019. New Bunker Jobs in Singapore available today on JobStreet - Quality Candidates, Quality Employers MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) rose slightly on Dec.18: 380 HSFO - USD/MT - 341.46 (+0.67) VLSFO - USD ... BUNKER SALES HOLD FIRM AT THE PORT OF SINGAPORE. The Singapore Exchange (SGX) has launched its new SGX Argus LSFO 0.5%S Singapore Bunker Index Futures (code LSFF) derivative contract, says Global energy and commodity price reporting agency Argus Media on Monday (18 November). Bunker Prices of IFO380, IFO180, MDO, MGO-0.1%, L.S. Level 6, Suite 604, 50 Clarence Street, Sydney NSW 2000 Phone +61 2 8270 7300 Fax +61 2 8270 7388 sydney@dan-bunkering.com. Bunker Price Index consist of range of prices for 380 HSFO, VLSFO , MGO and MDO futures prices changed irregular and insignificant across the world major ports. THE BUSINESS TIMES bunker - Find bunker News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. The bunker industry in Singapore is highly regulated and the bunker code will be revised from 1 September 2015 to further enhance the quality of bunker operations. The World Bunker Index MABUX continued firm upward evolution over a week. The newly launched Code of Best Practices – Commodity Financing guidelines will be the new ‘reference point’ taken by banks when considering to give trade finance to trading houses, believes Ian Teo. Have news to share? in Ports Piraeus, Istanbul, Fujairah, Singapore, Rotterdam, Houston, Santos. Latest Singapore bunker prices, analysis, trends, and history. The bunker price page for port Singapore in Singapore displays latest bunker price at Singapore. The Bunker Price Index consist of range of prices for HSFO, VLSFO, MDO and MGO turned down across the world major ports yesterday. Terms & Conditions; Cookies LTD. was incorporated on 28 June 2012 (Thursday) as a Exempt Private Company Limited by Shares in Singapore. While the commercial justifications for investing in LNG bunkering may be weak at the moment given the current economic conditions and low oil prices, MPA is confident of the longer term appeal that LNG as a marine fuel has. Related: SGX launch of LSFO derivative contracts to increase bunker market liquidity singapore@dan-bunkering.com. Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd. SINGAPORE DATA: Nov bunker fuel sales up nearly 3% on month to 4.26 mil mt Platts Bunkerworld . Discover how you can access our oil prices, news & analysis The Company principal activity is in OPERATORS OF BARGES, TUGBOATS AND … See your browser's documentation for specific instructions. Members and clients are recommended to ensure that crews are familiar with these regulations and procedures before bunkering in Singapore as this will help reduce the possibility of disputes. Singapore VLSFO 0.5% Price Today USD/MT, Live & Historical Price Charts Bunkering is the process of supplying fuels to ships for their own use, and Singapore is one of the largest and most important bunkering port in the world. Javascript is disabled in this browser. bunkerbunker!! The stocks were the lowest since April 29, when Modify your browser's settings to allow Javascript to execute. Click here. is here to save you. The 380 HSFO index rose from 330.49 USD/MT to 338.99 USD/ MT (+8.50 USD), VLSFO gained 13.00 USD: from 406.00 USD/MT to 419.00 USD/MT while MGO added 14.37 … “Argus Bunker Index (ABI) Singapore LSFO 0.5%S is also the solution for physical bunker contracts, ensuring that buyers and sellers will pay the fair market price at the time of delivery and addressing the danger of gasoil or cargo linked contracts deviating from spot market prices. marketing@manifoldtimes.com, ICS FUEL 2020 webinar: ISO 8217:2017 marine fuel quality standard takes center stage in panel discussions, Singapore: Trade finance for bunkering sector ‘entering a different paradigm’, says Helmsman lead lawyer, International Safety@Sea interview: MPA shares what it means to conduct bunkering operations in the ‘new norm’, Singapore: Gealubes strengthens marine bio lubes commercial operations with new Sales Director, USD $1.49 million bunker credit sleeving dispute between Goodwood and Southernpec reaches conclusion, SGX launch of LSFO derivative contracts to increase bunker market liquidity, SGX to launch low sulphur fuel oil derivative contracts on 18 November 2019, Argus ‘pleased’ on successful debut of APEX ABI Singapore LSFO Futures, OFAC updates list with shipping and petroleum firms over Iran involvement, JLC China Bunker Market Monthly Report (November, 2020), HHI and DNV GL present green tanker solutions from joint research partnership, Shell MGO bunker heist: First ex-Shell employee to plead guilty over involvement, Fratelli Cosulich Group unveils rebranding for Monaco bunkering business, West of England partners VPS to launch bunker fuel quality advisory service, Gasum LNG bunker vessel ‘Coralius’ supplies record number of tankers in 12 hours. Fuel oil 380 cSt futures prices dropped by $15.25 or 8% to $174.5 while MDO and MGO futures prices remained unchanged in Singapore market. ]: Subscribe for a year or order a 1-month trial. editor@manifoldtimes.com, For enquiries on oil & bunker prices indication: Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead. A detailed explanation of Argus Bunker Indexes can be viewed here. To check bunker prices for all the ports in Singapore click on Singapore. Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd. Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015. 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