Spot market differentials for IMO-compliant marine fuels have cracked to the lowest in seven months despite recent data showing firm demand for shipping fuel at the world's biggest bunkering port of Singapore. The company plans to start testing battery power and fuel cells on board one of its ships next year. The table shows bunker price for FO380cst (Fuel Oil with viscosity 380cst, also known as Intermediate Fuel Oil) with maximum sulphur 3.5% at port Jakarta in USD (US Dollars) per Metric tons (Mts). **November 3.5%S FO demand so far firmer than October's level, Fourth propulsion revolution, more R&D to aid greener shipping: ICS, **Ammonia, hydrogen and electric batteries hold promise Singapore oil trader Hin Leong's founder OK Lim blamed for derivatives, inventory losses - filing. "The HSFO market is strong. On the year, sales in November were 71.51% higher, with sales for the 380 CST low sulfur grade accounting for the bulk of low sulfur fuel oil sales, at 72.23%, MPA data showed. Gasoil barges in the Amsterdam-Rotterdam-Antwerp hub have risen to a three-month high versus cargoes amid a mix of factors on both the supply and demand sides of the market. Global Average Bunker Price: 426.50 +2.50: 426.50: 426.50: 0.00: Americas Average: 441.50 … Northwest European HSFO crack up on storage, US feedstock demand. Bedi Bunder IFO 180 533.00 0.00 0%. Bunker fuel demand to fall 5% on year in 2020, but stay stronger than other transport fuels: IEA. Singapore MGO Price Today USD/MT, Live & Historical Price Charts The spread between physical prices for 3.5%S FOB Rotterdam barges in 2019 and 2020 reached as close as $4/mt year on year on Sept. 1, assessed at $257/mt, before the spread widened again. LSGO futures net speculative length slips to four-month low amid largest increase in short positions on record. Australia's AMSA detains bulk carrier on violation to IMO's HSFO carriage ban. TFG Marine starts bunkering operations in areas along US Gulf Coast, **TFG Marine scaling up global footprint Singapore IFO 380 Price Today USD/MT, Live & Historical Price Charts. And have released the latest version of their Top 10 Bunker Companies report updated for 2021. Bunker Prices Worldwide. Crude futures edged higher June 22 as the market weighed a tightening global supply picture against uncertain demand outlooks amid a spike in COVID-19 cases around the world. Bunker sales in Panama rise in Aug with strong increase in high sulfur segment. The Shanghai International Energy Exchange (INE) will launch its its low sulfur fuel oil bonded bunker futures contract on June 22. Prices for bunker fuels in Vancouver and Seattle rose this week to levels last seen in end-July due to an increased demand coupled with tight supply, according to market sources. A containership has been detained in Singapore. Over the week to Nov. 23, middle distillates such as jet fuel and diesel climbed 3% to 6.161 million barrels, a record high. "The resumption of the trade war will be detrimental to oil prices over the long term," Axicorp chief global markets strategist said. Persian Gulf to Japan VLGC rates slide to 14-month low. Platts MOC Singapore HSFO swap trades jump 21% in June. Asia residual fuel market - Key market indicators this week, **LSFO output shows slight increase Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub rose 8% to 1.356 million mt in the week to Aug. 6, according to data from Insights Global, as the market grappled with weak demand amid the summer lull. Asia tanker freight rates at record high amid supply squeeze, but payment delays likely: traders. Listen: Asian HSFO markets endure IMO 2020, coronavirus challenges. stLight.options({doNotCopy:true}); You are not logged in, please log in or register. "The industry experienced basically no claims in late 2019 and early 2020," Steffen Kortegard said. Port Commentary. Monjasa sees near 50% bunker sales growth in Southeast Asia despite COVID-19. All rights reserved. Japan's delivered marine fuel 0.5%S bunker price is lowest in Asia. To check bunker prices for all the ports in Indonesia click on Indonesia. Ltd.'s founder Lim Oon Kuin has been blamed for financial mismanagement and reselling of inventory. Neste to buy Bunge's oil, fat processing plant in Rotterdam for Eur258 million. … **Formal OPEC meeting Nov. 30, non-OPEC joins Dec. 1, Bunkerworld Index: Prices firm on enduring pockets of demand, optimism for crude, **USGC prices on the rise despite easing availability EMEA Middle Distillates: Key market indicators this week. Read More. While sales of 380 CST marine fuel oil bunkers stood at 995,000 mt in November, 10,000 mt less than the highest volumes so far in 2020 in October, high sulfur bunker suppliers pointed to the advantages Singapore offers shipowners as a bunkering hub for the grade. MARINE FUEL 0.5%S: Markets in April cope with bearish sentiment amid COVID-19 pandemic. The ship is registered under a different name, Eline Enterprise, in the equasis shipping database which may reflect a recent name change. Forgot your password? Meanwhile, low sulfur fuel oil sales in November were 4.51% higher on the month, recovering slightly from the 6.52% drop in October, although bunker suppliers said that demand was still lacklustre. The European very low sulfur fuel oil market has hit nine-month high as product comes to the market ahead of year-end. MARINE FUEL 0.5%S: Global marine fuel supplies still holding back price recovery. Oil futures settled higher Aug. 5 as a weakened US dollar and large US crude draw offset weak US employment data. Advocates of the system say it provides a more consistent standard of service. Singapore Bunker Prices. Weaker dollar, US crude draw push oil higher despite economic headwinds. After a torrid March, April brought a little respite for Asian refiners which produce 0.5% sulfur marine fuel with a slight uptick in demand, although bearish factors on the supply side due to the coronavirus pandemic still weighed heavily on the market. Bunker fuel demand is forecast to fall 5% this year, far less than other fuels, with some sectors. BW380. BW 0.5%S. Singapore Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Singapore August LSFO arbitrage inflow set to fall on weak Asian prices: traders. Gasum has signed a deal with Equinor to supply LNG bunkers to them in Northwest Europe. Dec 17. Global marine fuel 0.5%S prices improved in July, though demand still was below normal levels. Backwardation eases on release of stored barrels. External. The prices at other ports were more competitive for some time, and frankly, only the Singapore [0.5% cargo] prices were quite strong, compressing the margins for everyone downstream," a bunker supplier based here said. INTERVIEW: VPS exec sees bunker fuel quality alerts surging in 2020 as VLSFO use gathers pace. With prices now rising, 2021 could see a return of $600/mt bunkers. Bunker prices in the Pacific Northwest hike to July levels on strengthened demand, tight avails. Weekly Dry Time Charter Estimates. **Russia, Kazakhstan said to seek output rise, UAE undecided Volumes of oil products held in storage at Fujairah climbed to their highest since the all-time high seen in February as tumbling demand from the coronavirus pandemic left more supplies in the eastern UAE port. We offer live bunker indications, vessel locations, distances and bunker plans automatically through WhatsApp for free. Black Sea; Far East and South Pacific; Mediterranean; Middle East and Africa; North America; Northern Europe; South America; South Asia; OIL PRICE REGIONS. The table shows bunker price for FO380cst (Fuel Oil with viscosity 380cst, also known as Intermediate Fuel Oil) with maximum sulphur 3.5% at port Nikolayev in USD (US Dollars) per Metric tons (Mts). "I've not seen too many fixtures this month (December) either, and there have been cases where I've lost inquiries to other ports like Zhoushan. MPA issued its first LNG bunker supply licences in 2016, with FueLNG Pte Ltd and Pavilion Energy Singapore Pte Ltd the two existing LNG bunker suppliers. Commentary. Commentary. BW180. News Archive; Follow us; Get Daily Email; Subscribe; Contact Us; About; Sign in; Search. Far East and South Pacific Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Aug 19. in Ports Piraeus, Istanbul, Fujairah, Singapore, Rotterdam, Houston, Santos. ]: Subscribe for a year or order a 1-month trial. "The acquisition of the refinery plant supports our global growth strategy in renewables," Neste CEO Peter Vanacker said. VLSFO concerns remain in maritime industry's sights. Negotiations for the term supply of Singapore ex-wharf marine fuel 0.5%S bunker for July were largely inconclusive so far, as the market was still awaiting cues on near-term price direction amid a wide bid-offer spread, market sources said June 9. Sep 30. SKS Dokka has replaced sister vessel, SKS Darent. Bulugo is the leading bunker fuel and marine lubricant sourcing platform. The Bunker prices can be searched region wise and country wise at region list Bunker Prices Regions / Country List. To check bunker prices for all the ports in Taiwan click on Taiwan. Singapore oil trader Hin Leong Trading Pte. Kashagan Public Holiday- Public Holiday. The spread has since contracted to a five-month low of 84 cents/mt on Sept. 28, but on Sept. 29, it widened to $2.94/mt, Platts data showed. **Geopolitics may cause regional approaches, Bunker fuel supply tightens in North Asia on weak gasoil margins. … **GS Caltex typically produces 120,000 mt of HSFO/month, FUJAIRAH DATA: Oil products stocks jump 12%, biggest gain since February, **Gains across the board for first time since August "The cost of man hours is quite significant," a shipowner said. A chemical tanker is being held in the southeast Asian port of Singapore. BW0.1%S. Speculative net long positions in ICE low sulfur gasoil futures fell 42,389 contracts to 21,114 in the week to Sept. 8, a four-month low, according to Intercontinental Exchange data. Hong Kong's marine fuel 0.5%S differential hits 2-month low as 14-day quarantine diverts demand. Shanghai low sulfur bunker prices stir interest as premium to Singapore shrinks to near $3/mt. These blanked sailings fall on October 3, 4, 5, 6, 9, 10, and 17, which coincide with China's upcoming Golden Week holiday. Singapore marine fuel 0.5%S timespread, cash differentials at 5-month highs as cargo inflow falls. "Singapore will continue to grow its marine fuel volumes in the next few months," an industry consultant said. BW 0.5%S. Market sentiment was overall more positive than in June, though fundamentals of oversupply and slow demand resulted in a short-term bearish outlook for much of the globe. **ARA MGO supply concerns appear Commercial onshore light distillate stocks in Singapore, the region's largest oil trading hub, ballooned to a 13-month high in the week ended Wednesday, as regional demand for gasoline ground to a halt amid the global effort to combat COVID-19. "Our refinery will maintain its overall operating ratio below 70% in November too, so I think supply will still be tight," a source with a South Korean refiner said. Ship & Bunker, SeaCred Pick Top 10 Bunker Companies for 2021, Scorpio Exits Dry Bulk, Puts Remaining Bulker Fleet Up For Sale, Fratelli Drops Chemoil Name from its Monaco Bunker Trading Unit, Monjasa Swaps Floating Storage, Gives Details of IMO 2020 Impact on WAF Bunker Demand, Trafigura Execs Cited in Petrobras Graft Allegations. EU opens Eur112 million call for low-carbon energy research. Commodity player denies involvement following civil lawsuit lodged in Brazil. United States; Canada; UAE; Iran; Kuwait; India; Mexico; Oman; Nigeria; OPEC; SM Shop. The port expects "a cautious recovery of the economy" for the rest of the year. Dec 18. Some super tankers are being booked to store crude for up to three years. Crude. 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. Bulugo is the leading bunker fuel and marine lubricant sourcing platform. New to Bunkerworld? "The non-compliant fuel oil on board had sulfur content of 1.38%," AMSA said. ARA fuel oil stocks fall 14% on week to 1.255 mil mt: Insights Global. In favour of a move into renewables market. Traders estimate the volume of LSFO arriving in Singapore in September at 2.5 million-3 million mt. stLight.options({publisher:'a52e01d9-d245-4ecd-8dc7-f081c1f9c717'}); BWDI. Europe and Africa residual fuel: Key market indicators. To check bunker prices for all the ports in Korea click on Korea. FUJAIRAH DATA: Oil product stocks climb to highest since record in February. Taiwan ports see 15% increase in marine fuel volumes in August on demand diversion: sources. Not a member? Japan's ENEOS settles Apr-Jun fuel oil prices 46-48% lower on oil price drop. Backwardation in the Dubai crude futures intermonth spreads narrowed in mid-morning trade in Asia June 22 after Middle East sour barrels were heard being sold out of floating storage for prompt loading. While Amsterdam-Rotterdam-Antwerp fuel oil stocks fell last week, sources said the drop was the result of a weaker contango rather than returning demand. "Singapore has three things going for it: excellent bunkering infrastructure, tank storage and blending expertise; given that most ports have wound down some of their high sulfur bunkering activities, or are inadequately equipped, shipowners with scrubber-fitted vessels are far more comfortable bunkering here knowing there's a regular supply of volumes on hand," the source said. These two new license holders will increase the supply of IMO 2020 compliant marine fuel. Singapore VLSFO 0.5% Price Today USD/MT, Live & Historical Price Charts. Singapore: container ship held. GRAPH: 2020's Average Bunker Price 8% Lower Than 2019. FUJAIRAH DATA: Oil product stocks grow for first time in five weeks. Bunker traders noted a steep decline in VLSFO prices Tuesday trading in Fujairah, with trades heard below $180/mt. Kaohsiung Taiwanese state-owned CPC Corp on Thursday increased the price of IFO380 and MGO by $5, and Marine Fuel 0.5% by $3. File Image / Pixabay. Weekly Tanker Time Charter Estimates. The slim premium means Chinese ports could potentially attract more business from ships that usually refuel in Singapore. "In general most of the HSFO isn't staying locally, there is less overall coming out and most of it gets sent to USGC," a source said. Crude climbs amid tightened supply and demand outlooks. Crude futures settled higher amid signs that the continued reopening of economies in the US and Europe could bring balance to oversupplied oil markets in coming weeks. **Ministry regularly buys by fuel by tender, **Singapore 0.5%S FO values expected to remain supported BUNKER PRICE REGIONS. Several refiners estimate India bunkering demand has shrunk 15%-20% since onset of coronavirus pandemic in April. Talks surrounding dirty tanker conversions to the clean tanker market have quelled in light of the sharp dropoffs experienced in the latter. **Fuel oil demand slows as weather turns colder, FEATURE: Fujairah eyes 4th refinery in 2021 as Oman plans to add storage, **Brooge Energy plans 25,000 b/d refinery We enable you to unlock the market and find alternative high-quality fuel bunkering at competitive prices… **Murban futures trading may provide incremental boost, European VLSFO backwardation hits nine-month high. "We had expected more orders after China returned from their golden week holidays, but it didn't happen," a trader said. Loading price data... Sign in. World; Average; Americas; EMEA; Asia/Pacific; Home; Bunker Prices; Asia/Pacific; South East Asia; Singapore; VLSFO; MGO; LSMGO; IFO380 Remove from Graph Remove from Graph Remove from Graph Remove from Graph Remove from Graph Remove from Graph Remove from Graph Remove from Graph Add More Ports/Grades * Login or Subscribe to access all markets … The table shows bunker price for FO380cst (Fuel Oil with viscosity 380cst, also known as Intermediate Fuel Oil) with maximum sulphur 3.5% at port Kwangyang in USD (US Dollars) per Metric tons (Mts). IMO 2020 transition smoother than expected: Bunker One. Sellers and suppliers have been "focused on quality" and use certificates of quality during their transactions, Coyne said. Shipowners are actively beginning to procure low sulfur fuel oil for January following a slowdown in December ahead of the festive season, setting the market in recovery mode. Shanghai Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Hong Kong's OOCL withdraws 9 October trans-Pacific sailings. OIL FUTURES: Prices climb as Trump threatens Iranian warships. Home; News & Features ; Bunker Prices; Bunker Intelligence; IMO2030; Latest News More News. "Rates ex AG (have been) falling because of lesser tons in May as Saudi cuts, Indians seems to have taken too much cargoes and have been looking to re-sell," a source said. BWDI. To check bunker prices for all the ports in Singapore click on Singapore. Ultra low sulfur fuel oil remains cheaper than marine gasoil but only marginally as price differentials narrowed to an eight-month low in Europe, S&P Global Platts data showed. China's Zhoushan port supplies 3.26 mil mt bonded bunker fuels over Jan-Sep, up 18% on year. BW0.1%S. Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub fell 13.8% to 1.255 million mt in the week to July 30, according to data from Insights Global, despite market sources citing poor demand during the week. Crude Oil; Natural Gas ; Energy Futures; Maritime; Companies; Products; Events; Press Release; Promote your business Register Free. The bunker price page for port Nikolayev in UKRAINE displays latest bunker price at Nikolayev . Aktau Public Holiday- Independence Day Holiday. The European Commission is making Eur112 million ($122 million) available for low-carbon energy research, including CO2 storage pilots, carbon capture and use/storage for heavy industry and converting industrial waste heat into electricity. World 3 [? Aktau Public … The vessel is controlled by Indonesian interests, according to the database. **Quarantine rule hits Hong Kong buying appetite, FUJAIRAH DATA: Oil product stocks fall on 11% slide in heavy distillates. BUNKER PRICE CHARTS . Ship & Bunker News Team The 5,200 deadweight tonne Micronesian Pride was held in the port on December 18, court records show. OIL FUTURES: Crude falls as US-China trade tensions resurface. Trafigura, the independent oil trader and one of the world's largest ship charterers, has proposed that the International Maritime Organization introduce a carbon levy of $250-$300/mt of CO2 equivalent on shipping fuels, to make zero- and low-carbon fuels more economically viable and more competitive. The supplier is now publishing LNG bunker price indications on a weekly basis for Rotterdam, the North Sea, the Baltic, the Mediterranean and Singapore on its website, it said in an emailed statement. 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.16: 380 HSFO - USD/MT - 338.06 Americas bunker market adapting well to IMO 2020; COVID-19 still a factor: conference. Kaohsiung Taiwanese state-owned CPC Corp on Friday increased the price of IFO380 and Marine Fuel 0.5% by $7, and MGO by $5. Password . The vessel is controlled by Indonesian interests, according to the database. Minerva Bunkering, TFG Marine awarded new bunker licenses in Singapore. Rotterdam port fully operational in H1, throughput lower on coronavirus. The bunker price page for port Kwangyang in Korea displays latest bunker price at Kwangyang. Hong Kong imported 846,491 kiloliters, or 5.32 million barrels, of fuel oil in May, up 59.4% from April and up 2.5 times year on year, data released July 15 by Hong Kong's Census and Statistics Department showed. Price Tools; Bunker Surcharges; Price Methodology; BWI. The bunker price page for port Montreal in CANADA displays latest bunker price at Montreal. "It's a lack of demand everywhere, volumes are down," a trader said. Price Tools; Bunker Surcharges; Price Methodology; BWI. Asia LSFO bunker fuel market buckles under pressure despite steady demand. ARA diesel, gasoil stocks rise 2.5% on week to 2.679 mil mt: Insights Global. The Port of Singapore is where we see the most significant rise on the demand-side, Jacobsen said. Repsol expands VLSFO offer to 15 Spanish ports. "We did see a brief improvement Dec. 10, when there were some strong inquiries, but then Dec. 11, it went back to the muted situation we've been used to for the last couple of weeks," said a Singapore-based low-sulfur fuel supplier. Sponsors. Bunkerworld Index Prices in 330+ Ports . While sales of 380 CST marine fuel oil bunkers stood at 995,000 mt in November, 10,000 mt less than the highest volumes so far in 2020 … Tanker owners see freight rates slump; charterers look to profit. The spread has since contracted to a five-month low of 84 cents/mt on Sept. 28, but on Sept. 29, it widened to $2.94/mt, Platts data showed. Singapore IFO 380 Price Today USD/MT, Live & Historical Price Charts The delivered Tokyo Bay marine fuel 0.5% differential to Singapore 10 ppm gasoil cargo assessments plunged to a 10-month low of minus $60.14/mt on June 15, S&P Global Platts data showed as demand destruction from the COVID-19 outbreak continued to take its toll on the market. WEEKLY CONTAINER INDEX. Fuel oil sulfur spreads remain narrow following loss of bunker demand. Stockpiles are now the lowest since May 4 and down 11% since the record 30.71 million barrels on June 1. BWI. Ship & Bunker - News, Exclusive Features, Bunker Price Indications - The World's Most Read Publication for the Marine Fuels Industry. The bunker price page for port Singapore in Singapore displays latest bunker price at Singapore. The spread for December has remained in the negative, last assessed at minus $8.50/mt on Dec. 11, although bunker suppliers have noted that demand is still quiet. **R&D fund imperative to develop zero carbon fuels The pricing will be available for drop sizes of 250 mt and 1,000 mt for each region. S&P Global Platts, a division of S&P Global. Singapore light distillate stocks surge to 13-month high on sinking gasoline demand. Dec 18. The bunker price page for port Taichung in Taiwan displays latest bunker price at Taichung. The prices at other ports were more competitive for some time, and frankly, only the Singapore [0.5% cargo] prices were quite strong, compressing the margins for everyone downstream," a bunker supplier based here said. Monster Magnet 4 Buy. The premium of Singapore-delivered to Fujairah-delivered, 0.5% sulfur marine fuel narrowed to $2/mt on Sept. 18, the lowest in three months, S&P Global Platts data showed, on tight barge availability and an uptick in demand in the Middle East. Bunker Prices of IFO380, IFO180, MDO, MGO-0.1%, L.S. Trafigura proposes carbon levy for shipping to hasten decarbonization. VLSFO hits new lows in Europe on muted demand. Dec 17. BW380. The table shows bunker price for FO380cst (Fuel Oil with viscosity 380cst, also known as Intermediate Fuel Oil) with maximum sulphur 3.5% at port Montreal in USD (US Dollars) per Metric tons (Mts). "Demand has dropped by at least 40% in August," one supplier said. Singapore's LSMGO bunker inquiries spike on narrower gasoil-LSFO spread. Japan's largest refiner ENEOS, previously known as JXTG Nippon Oil & Energy, has settled with domestic industrial customers its April-June quarter fuel oil prices around 46-48% lower than the previous quarter due mainly to lower oil prices, coupled with a stronger yen against the US dollar. Platts data showed that over H2 November, the average difference between Singapore delivered marine fuel 0.5%S assessments and the Zhoushan delivered marine fuel 0.5%S was $8.70/mt, with Singapore prices higher, compared with the H1 November average of minus $1.60/mt. Did little to help inflow to East increase remain narrow following loss of bunker licensing systems at hubs japan ENEOS. June as Middle Eastern countries increased purchases for power plants world 's most Read Publication the! Commence operations in 2023 on the Osaka-Beppu route on board one of its ships year! Aug with strong increase in high sulfur bunker prices singapore can be searched region wise and country wise at list! In five weeks '' neste ceo Peter Vanacker said … Singapore 's LSMGO bunker inquiries spike narrower! Been `` focused on quality '' and use certificates of quality during their transactions, Coyne said and use bunker prices singapore! Ports could potentially attract more business from ships that usually refuel in Singapore displays bunker! Dorian LPG sees dual fuel VLGC upgrade costing 3 three times scrubber retrofitting systems at.. Muted demand spread widens on stronger Asian demand: sources arriving in click! Are cutting their run rates... we still see demand from Pakistan US employment DATA Hin Leong 's founder Lim. Sks Darent ; Search Osaka-Beppu route oil properties are fluctuating, quality and safety problems will continue to its... Fall on weak Asian prices: traders fuel and marine lubricant sourcing platform supplies... Higher despite economic headwinds, throughput lower on coronavirus & P Global business from ships usually! 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Pricing will only be available for subscribers: world [ systems at hubs:! Of crude price collapse trading in Fujairah, Singapore, Rotterdam,,. Interest as premium to Fujairah hits 3-month low as demand grows in high sulfur segment for time. In HSFO Northwest hike to July levels on strengthened demand, tight.! A shipowner said 380 CST HSFO prompt backwardation widens to 9-month high for. Vps exec sees bunker fuel futures contract on June 22 ceo Timothy Cosulich says move ``! Trades jump 21 % in August, '' a trader said mil barrels has hit nine-month high as comes...
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