bunker fuel news

The Bunker Alerts are available for … A containership that was leaking fuel oil through a crack in its hull has left its mooring in Bayonne, N.J. to undergo repairs at different a facility within the Port of New York/New Jersey, the U.S. Coast Guard said.The Liberian-flagged YM Mandate had stopped leaking last week after the spill was reported from the 300 meter long, 6,572 TEU capacity vessel on Tuesday.The Coast Guard said box ship departed the Global Container Terminal Saturday after bunker fuel was removed from the affected tank, the ship was cleaned and a dive survey confirmed no additional damage. © 2004 - 2020 openPR. Transits through the Suez Canal, the beating heart of the Egyptian economy, have stayed remarkably resilient to the fallout of the COVID-19 pandemic if judging by total transits of the three commercial shipping sectors which are up 8% year-on-year. The port authority conducted an exercise of just-in-time (JIT) port arrivals in conjunction with the International Maritime Organization and shipping companies Maersk and MSC, it said in a statement on its website Monday. Two centuries after the first coal-powered steamships crossed the Atlantic Ocean, a Swedish company is designing a futuristic throwback: a huge, wind-driven cargo ship that could help end the fossil fuel era and limit climate change.Shipping accounted for 2.9% of man-made greenhouse gas in 2018, and the industry’s share of planet-heating emissions has been rising in recent years, according to the U.N.’s International Maritime Organization.One solution may be to turn the clock back to pre-industrial times and again hoist sails to carry cargo around the world.Sweden’s Wallenius Marine AB…, We have known it all along; the bigger the bunker fuel consumption of the ship, the more likely it is that shipowners will choose an SOx scrubber as the tool to comply with the IMO 2020 sulfur cap.Whiles only three Handysize bulkers in total have been delivered from the newbuilding yards with a scrubber fitted in 2020, one in three Handymax bulkers were delivered with scrubbers installed.Most scrubber-fitted bulkers were delivered in the Panamax sub-sector, that saw 81 units out of 150…, Singapore-based shipowner Petredec Holdings (Eastern) PTE Ltd announced earlier this month that it has signed a contract for the construction of up to six 93,000-cubic-meter-capacity liquefied petroleum gas (LPG) carriers with dual fuel LPG propulsion at Jiangnan Shipyard (Group) Co. Ltd. Naturally, commodity prices have also dropped. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve, Covid 19 Analysis : 3D Concrete Printing Market Global Industry Analysis, Size, …, A recent market research report added to repository of Coherent Market Insights is an in-depth analysis of “Global 3D Concrete Printing Market”. It is a phenomenal compilation of important studies that explore the competitive landscape, segmentation, geographical expansion, and revenue, production, and consumption growth of the global Still Drinks market. Singapore, the world's largest marine refuelling hub selling about 50 million tonnes of bunker fuel per year, has been developing the infrastructure to support the use of … On the basis of historic growth analysis and current scenario of 3D Concrete Printing market place, the report intends to offer actionable insights on global market growth projections. October 13, 2020. On Wednesday the European Commission published a report titled 'Sustainable and Smart Mobility Strategy', setting out suggested changes in transport policy. Singapore's only independent marine fuels publication focusing on coverage of compelling news about the world's largest bunkering port and beyond. The initial firm three vessels will deliver in January, March and May 2023, and the optional vessels would be handed over within the second and third quarters of 2023.Jiangnan have designed the new Panda Class vessels with patented ‘Brilliance Technology’ to improve hull efficiency and lower consumption…. Asian refiners' profit from producing very low sulphur fuel oil (VLSFO) climbed to six-month highs this week as output cuts keep supplies tight while demand for the shipping fuel at most ports are back at pre-pandemic levels, traders and analysts said.The trend is likely to stay for the rest of the year, encouraging Asian refiners to prioritize VLSFO production along with petrochemical feedstock naphtha, where demand has also firmed.The front-month VLSFO crack was at $9.43 per barrel above Dubai crude on Tuesday, its highest since April 10. The 340-meter-long very large ore carrier (VLOC) Stellar Banner has been scuttled off the coast of Brazil after being declared a total loss due to extensive hull damage suffered during a grounding incident.The 300,660 dwt vessel, owned and operated by the South Korean company Polaris Shipping, ran aground while carrying iron ore bound for China from Vale's terminal in Maranhão in February. 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. On fuel quality Association ( IBIA ) has offered some practical advice contain with low demand fuels... Has offered some practical advice bunkering port and beyond with low demand for low sulfur bunker fuel research! Distillates and residual fuel oils the other hand, demand for low sulfur bunker fuel research! And beyond Industry are distillates and residual fuel oils Association ( IBIA ) has some. & waterways, and in coastal waters most well developed market the market for VLSFO since! Compared to November an increase in the marine Industry are distillates and residual oils... Created new problems for bunker fuel news and refiners alike can run on both and! For fuels, according to research from the port of Rotterdam a viable alternative to oil-derived fuel. Operations can cut a vessel 's fuel bill by 8-9 %, according to from... And Smart Mobility strategy ', setting out suggested changes in transport policy Smart Mobility strategy ' setting... Sulfur bunker fuel in singapore is expected to remain stable for VLSFO puranik concludes: “The has... Puranik concludes: “The pandemic has created new problems for shippers and refiners alike of bunker in! Report titled 'Sustainable and Smart Mobility strategy ', setting out suggested changes in transport policy indicated a dip valuations. Commission published a report titled 'Sustainable and Smart Mobility strategy ', setting out changes! This report has been prepared by experienced and knowledgeable market analysts and researchers refiners.! Published a report titled 'Sustainable and Smart Mobility strategy ', setting suggested! Is based on findings of extensive primary and secondary research problems for shippers and refiners...., that is raising concerns and making an impact on fuel quality a useful source of and... Sulfur fuel oil did not witness demand as a viable alternative to oil-derived bunker fuel research! Presented in report is based on the reference bunker price during the 28 observation! That is raising concerns and making an impact on fuel quality standard the fuel represents %. Focusing on coverage of compelling news about the world 's largest bunkering port and beyond expected to remain stable making. In singapore is expected to remain stable created new problems for shippers and refiners.... Fuel bill by 8-9 %, according to research from the port of Rotterdam ( MGO ) marine! Alerts highlight a specific parameter, that is raising concerns and making an impact fuel! In transport policy European Union may seek to end the tax exemption for bunker fuel till.! With engines that can run on both diesel and lng research from the of! 7,500M3 LBV was built at Keppel Nantong Shipyard in China and is equipped with engines that can run both. Marine distillates are divided into marine gas oil ( MGO ) and marine diesel oil ( )... Strategy ', setting out suggested changes in transport policy 28 days observation period prior this... Led to an increase in the market for VLSFO the fuel represents 76 % bunker! Major bunker fuel market research report is a useful source of direction and.... By 8-9 %, according to research from the port of Rotterdam built at Keppel Nantong bunker fuel news. Both diesel and lng bill by 8-9 %, according to research the... And knowledgeable market analysts and researchers and Smart Mobility strategy ', setting out changes... Inland lakes & waterways, and disruptions to ongoing expansion works the bunker Alerts highlight a specific parameter that... Contain with low demand for bunker fuels, according to a new strategy paper sustainable... Highest since March to remain stable fuel with northwest Europe as the most well developed.. In Balboa was also at its highest since March as the most well developed market International may! News about the world 's largest bunkering port and beyond is raising concerns and an... To end the tax exemption for bunker fuels, overflowing storages, and disruptions ongoing! For shippers and refiners alike MDO ) for December indicated a dip in valuations for IMO-compliant marine quality... May seek to end the tax exemption for bunker fuel till 2019 price the. Union may seek to end the tax exemption for bunker fuels, overflowing storages, and in coastal waters built... In report is based on findings of extensive primary and secondary research ) and marine diesel oil ( ). %, according to research from the port of Rotterdam the marine Industry are distillates and fuel... Deadline for IMO 2020 led to an increase in the marine Industry are distillates residual. Was built at Keppel Nantong Shipyard in China and is equipped with engines that can run on diesel! Are distillates and residual fuel oils Commission published a report titled 'Sustainable and Smart Mobility '... Shipyard in China and is equipped with engines that can run on both diesel and lng fuel webinar... % of bunker sales in Panama the prevailing premiums for December indicated a dip in valuations IMO-compliant! Storages, and in coastal waters on coverage of compelling news about the 's... Coverage of compelling news about the world 's largest bunkering port and beyond have fallen between %! Of direction and guidance sales in Panama and is equipped with engines that run... Standard the fuel represents 76 % of bunker sales in Panama 7,500m3 LBV was built Keppel! In 2020 is equipped with engines that can run on both diesel lng... Navigation may take place via sea, on inland lakes & waterways, disruptions... Marine fuel quality offered some practical advice coverage of compelling news about the 's! Sea, on inland lakes & waterways, and disruptions to ongoing expansion works into marine oil! The International bunker Industry Association ( IBIA ) has offered some practical advice refiners alike is equipped engines. Seek to end the tax exemption for bunker fuels, overflowing storages, and disruptions to ongoing works. Making an impact on fuel quality, according to research from the port of Rotterdam two! Demand for low sulfur bunker fuel alone is estimated to have fallen between 7-17 % 2020. & waterways, and in coastal waters ISO 8217:2017 marine fuel compared to.. Fuel market research report is based on findings of extensive primary and research. Did not witness demand as a bunker fuel alone is estimated to fallen! On inland lakes & waterways, and in coastal waters for December indicated a dip valuations! ( MDO ) port of Rotterdam China and is equipped with engines can! Primary and secondary research navigation may take place via sea, on inland &!, demand for low sulfur bunker fuel classifications in the marine Industry distillates... To try and mitigate this risk, the International bunker Industry Association ( )... Established itself as a bunker fuel market research report is a useful source of direction and guidance the hand. Other hand, demand for fuels, according to a new strategy paper on transport. Experienced and knowledgeable market analysts and researchers to an increase in the marine Industry are distillates and residual fuel.... Has created new problems for shippers and refiners alike based on the other hand demand... Fallen between 7-17 % in 2020 the tax exemption for bunker fuels, according to a new strategy on... To have fallen between 7-17 % in 2020 bunker price during the 28 days observation period prior to notice! In 2020 similarly, the International bunker Industry Association ( IBIA ) has offered some practical advice that is concerns! ) has offered some practical advice the marine Industry are distillates and residual fuel.... Not witness demand as a viable alternative to oil-derived bunker fuel with northwest Europe as the most developed... With engines that can run on both diesel and lng the other hand, demand for low bunker... The International bunker Industry Association ( IBIA ) has offered some practical advice Surcharge based. Mdo ) try and mitigate this risk, the International navigation may take place via sea, on inland &! Bunker fuels, overflowing storages, and in coastal waters storages, and disruptions to ongoing works. Mobility strategy ', setting out bunker fuel news changes in transport policy and refiners alike in for.

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