The 2016-built Stellar Banner began listing heavily but did not capsize, and all 20 crew members were evacuated from the ship.The ship had been refloated and towed to deeper water after 145…, China's low-sulphur marine fuel exports rose by a third in April compared with March to the highest level yet after it waived export taxes for domestic refiners to meet shipping demand, Chinese customs data showed.Chinese refiners began exporting in January very low sulphur fuel oi (VLSFO) with a maximum sulphur content of 0.5% to comply with emission rules for ships from the International Maritime Organization.Data from China's General Administration of Customs showed April exports of the ship fuel reached nearly 1.43 million tonnes…, A 340-meter-long very large ore carrier (VLOC) that ran aground off the coast of Brazil earlier this year will be scuttled due to the extent of hull damage suffered as a result of the incident, Brazilian authorities said.The 300,660 dwt Stellar Banner, 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. The Bunker Alerts are available for … The 7,500m3 LBV was built at Keppel Nantong Shipyard in China and is equipped with engines that can run on both diesel and LNG. On the other hand, demand for low sulfur bunker fuel in Singapore is expected to remain stable. Tourism in Mauritius - a popular destination for its pristine beaches - reportedly contributed about $1.6 billion to its economy during the last year…. Authenticated data presented in report is based on findings of extensive primary and secondary research. Singapore has suspended the licenses to sell ship fuel held by a subsidiary of defunct oil trader Hin Leong Trading Pte Ltd since it could no longer meet the licensing requirements, the Maritime and Port Authority of Singapore (MPA) said on Monday.The MPA suspended the licenses for Hin Leong's subsidiary Ocean Bunkering Services Pte Ltd (OBS), an agency spokesperson said in an emailed response to questions from Reuters sent on Oct. 12.MPA typically issues licenses to supply bunker…, Sales of marine fuel from the Chinese port of Zhoushan, the country's top supplier of shipping fuel, in the first nine months of 2020 rose nearly 18% from a year earlier, a local government official said on Wednesday.Zhoushan supplied 3.26 million tonnes of bonded marine fuel from January to September, the official said, declining to be identified since he is not a spokesman.China aims to build Zhoushan, an archipelago city in east China's Zhejiang province, into a regional ship fuel hub to rival Singapore as the world's largest shipping, or bunker, fuel center.But marine fuel demand took a hi, Keppel Offshore & Marine has delivered its first liquefied natural gas (LNG) carrier, Avenir Advantage, to Avenir LNG. 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's only independent marine fuels publication focusing on coverage of compelling news about the world's largest bunkering port and beyond. 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. Renewable/Bio Jet Fuel MARKET FUTURE SCENARIO, KEY INDICATORS, GROWTH RATE, INDU …, A recent market research report added to repository of Coherent Market Insights is an in-depth analysis of “Global Renewable/Bio Jet Fuel Market”. Pricing for MGO, a bunker fuel with up to 0.1% sulfur content, averaged $398/mt in November, up $22, or 5.9%, from October. Demand for bunker fuel alone is estimated to have fallen between 7-17% in 2020. https://www.coherentmarketinsights.com/insight/buy-now/4049, https://www.coherentmarketinsights.com/insight/request-discount/4049, Ursula Koslik, Director Marketing & PR, F+W Hamburg, Advertising, Media Consulting, Marketing Research, Business, Economy, Finances, Banking & Insurance, Pressemitteilung kostenlos veröffentlichen. The two major bunker fuel classifications in the marine industry are distillates and residual fuel oils. October 13, 2020. Containerships with a collective cargo carrying capacity of 5.3 million 20-foot equivalent units (TEU) are now fitted with an exhaust gas cleaning system (scrubber) to remove sulphur oxides (SOx) from the exhaust gasses generated by the combustion processes in marine engines and thereby comply with the IMO 2020 global sulphur regulation which came into force on January 1, 2020.By the start of July, the share of the containership fleet with scrubbers installed exceeded that of the crude oil tanker fleet. LNG has established itself as a viable alternative to oil-derived bunker fuel with northwest Europe as the most well developed market. The fuel represents 76% of bunker sales in Panama. Keppel O&M’s technology arm…. DEC 4, 2020 - DUBLIN--(BUSINESS WIRE)--Dec 4, 2020--The "Europe Bunker Fuel Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.The bunker fuel market in Europe is expected to grow at CAGR of more than 10% during the forecast period of 2020-2025The increasing preference of LNG-based … The current upheaval has collapsed marine gas oil low-sulphur (MGO LS) prices at the fastest pace in recent memory, even exceeding the demise of the Great Financial Crisis and oil crash in 2014. 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 Pectin market. Subscribe to Maritime Reporter Email News. The prevailing premiums for December indicated a dip in valuations for IMO-compliant marine fuel compared to November. The vessel also functions as an LNG bunkering vessel (LBV), making it the first in South East Asia to do so, Keppel said.Avenir Advantage is the first of two such vessels that Keppel O&M is building for Avenir LNG. The international navigation may take place via sea, on inland lakes & waterways, and in coastal waters. From January 1, … This report has been prepared by experienced and knowledgeable market analysts and researchers. In March, the average value … Singapore sold a record volume of 380 CST low sulfur fuel oil (LSFO) bunkers in September, lifting its total marine fuel sales to a six-month high of 4.22 million mt in September, preliminary data from the Maritime Port Authority of Singapore (MPA) on Tuesday showed. Players can use, Bunker Oil Market Growth to 2022 Investment Analysis, Market Overview and Future …, Bunker fuel is the fuel oil/gas delivered to ships of all states that are engaged in international navigation. The Bunker Alerts highlight a specific parameter, that is raising concerns and making an impact on fuel quality. On the basis of historic growth analysis and current scenario of Renewable/Bio Jet Fuel market place, the report intends to offer actionable insights on global market growth projections. Very-low sulfur fuel oil did not witness demand as a bunker fuel till 2019. Players, Pectin Market Up-To-Date Analyses of Industry Trends, Technological Improvements …, Coherent Market Insights has recently added a research report titled, “Global Pectin Market Report, History and Forecast 2015-2026, Breakdown Data by Companies, Key Regions, Types and Application“. This market study includes data about global market statistics, market share, company performances, historical analysis 2012 to 2016, market forecast 2017 to 2023 in terms. © 2004 - 2020 openPR. Marine gas oils are used, Bunker Fuel Oil Market Report for Period 2018 till 2024 World Fuel Services, Bun …, Global Bunker Fuel Oil market report emphasizes on detailed analysis of companies and manufacturers like Bright Oil, Sinopec, Gazpromneft, GAC, China Changjiang Bunker (Sinopec), Southern Pec, Lukoil-Bunker, China Marine Bunker, Shell, Exxon Mobil, BP, World Fuel Services, Bunker Holding, Total Marine Fuel, Chemoil and Others. "The Board…. The Maritime and Port Authority of Singapore (MPA) has awarded two new bunker supplier licences to Minerva Bunkering and TFG Marine, following … Published: 11 November 2020 Dan-Bunkering, the group’s parent company Bunker Holding and a company director have been charged by Denmark’s Public Prosecutor for Special Economic and International Crime (SØIK) over selling jet fuel to Russian companies, which in … 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. Maritime news provider Tradewinds has reported that the order will include a new tank fuelling system. 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…. Ship & Bunker - News, Exclusive Features, Bunker Price Indications - The World's Most Read Publication for the Marine Fuels Industry S&B MARKET SURVEY: 'Soaring Demand' Across SE Asia, But Global Q3 Bunker Hub 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. Bunker Fuel Market (2020-2026) | What Recent Study Say About Top Companies | Agrana Group, Archer Daniels Midland Company, Bunge Ltd., Cargill Incorporated Overview for “Bunker Fuel … All rights reserved. Improved efficiency of port operations can cut a vessel's fuel bill by 8-9%, according to research from the Port of Rotterdam. 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”. 30. Singapore's jet fuel crack at 9-month high on hopes of aviation recovery The Singapore front month jet fuel/kerosene derivative crack spread against Dubai crude swaps -- a measure of the product's relative strength to crude -- reached a nine-month high at the Asian close on Dec. 18 due to renewed hopes that the aviation sector was due to see a steady, albeit slow, recovery, industry … 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. © 1996-2020 Maritime Activity Reports, Inc. Refiners have to contain with low demand for fuels, overflowing storages, and disruptions to ongoing expansion works. Pricing for MGO, a bunker fuel with up to 0.1% sulfur content, averaged $398/mt in November, up $22, or 5.9%, from October. Marine distillates are divided into marine gas oil (MGO) and marine diesel oil (MDO). Puranik concludes: “The pandemic has created new problems for shippers and refiners alike. This is despite bleak economic growth prospects world-wide following the pandemic, and highlights that shipping remains the backbone of the global economy.It is often said that a picture says more than 1,000 words, but 6,166 ship transits in the Suez Canal can certainly also tell an interesting tale. However, the deadline for IMO 2020 led to an increase in the market for VLSFO. Similarly, the average price for marine gasoil in Balboa was also at its highest since March. The simultaneous supply and demand shocks have sent bunker prices racing towards previous low levels with very low-sulphur fuel oil (VLSFO) trading at USD 246 per MT on 5 May 2020 in Singapore. On Wednesday the European Commission published a report titled 'Sustainable and Smart Mobility Strategy', setting out suggested changes in transport policy. Ship & Bunker - News, Exclusive Features, Bunker Price Indications - The … Firm low sulfur marine fuel demand lifts Sudanese crude premiums to 8-month high First-half December loading Dar Blend was heard to have last traded at parity to small premiums to Platts Dated Brent, FOB. To try and mitigate this risk, the International Bunker Industry Association (IBIA) has offered some practical advice. The European Union may seek to end the tax exemption for bunker fuels, according to a new strategy paper on sustainable transport policy. The Shanghai International Energy Exchange (INE) is considering using oil storage sites in Singapore owned by PetroChina Co as a delivery point for its low-sulphur fuel oil futures contract, according to two sources with direct knowledge of the matter.The INE’s move would be the first time a Chinese futures contract would be deliverable outside of China and could boost liquidity for the contract, as well as help to influence pricing for shipping fuel.Low-sulphur fuel oil (LSFO) is required as ship fuel to meet new maritime emissions regulations that went into effect this year. This report has been prepared by experienced and knowledgeable market analysts and researchers. Singapore's only independent marine fuels publication focusing on coverage of compelling news about the world's largest bunkering port and beyond. 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. The Surcharge is based on the reference bunker price during the 28 days observation period prior to this notice (20.10.2020–16.11.2020). According to our Bunker clause, we will adjust our Bunker Fuel Surcharge from the present -17,6 % (effective in November) to -16,7 % with effect from 1 December 2020. The six neo-Panamax box…, The number of ships fueled by liquefied natural gas (LNG) is expected to more than double by 2030, driven by the shipping industry's desire to cut emissions, a senior executive at Malaysia's Petroliam Nasional Bhd (Petronas) said on Wednesday.Currently, less than 400 out of a total of more than 80,000 registered ships, run on LNG as fuel source. Coastal waters source of direction and guidance lakes & waterways, and in waters... For fuels, overflowing storages, and in coastal waters with low demand fuels. And in coastal waters with engines that can run on both diesel lng. 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