Bunker demand

China Bunkering To Hit Rocky Roads Amid Stricter COVID-19 Restrictions

  • Operational, crew change hurdles emerge
  • China bunkering volumes to suffer on demand switch
  • Singapore offers attractive fueling alternative

Many ports in China have recently implemented a slew of additional restrictions in a bid to curb the spread of the coronavirus as cases in a few Asian countries spike, creating an element of uncertainty and sparking fears of bunkering delays for maritime participants, reports Platts.

Strict restrictions for vessel bunkering

The stricter restrictions could...

https://mfame.guru/china-bunkering-to-hit-rocky-roads-amid-stricter-covid-19-restrictions/

Singapore Bunkers Demand Likely To Be Hit

China discount may hit Singapore bunker demand, says an article on Argus Media.

Pandemic hits bunker demand

Demand for bunkers in Singapore will likely be hit by lower prices in China and recent crew change restrictions following the discovery of a Covid-19 cluster on board a bunker vessel in the city-state.

New – Covid19 cluster

A new Covid-19 cluster was reported in Singapore on 24 April after four community cases were linked to an Indonesian sea crew member who tested positive for the virus. The...

https://mfame.guru/demand-for-bunkers-in-singapore-to-be-hit/

Bunkers To Face ‘Optimistic’ 2021 Amid Boost in VLSFO Supply

  • VLSFO is likely to see increased supply in 2021.
  • Mostly firm sentiment for 3.5%S fuel oil.
  • Oil inventories to weigh on tanker demand.
  • Bullish streak in containers should last into Q1.

Very low sulfur fuel, which was a key source of support for refiners in 2020, is likely to see increased supply in 2021, as other transport fuels return to pride of place in the refining slate, reports Platts.

This may prove a boon to the shipping sector which faces choppy waters in 2021.

Oil output to soar

The...

https://mfame.guru/bunkers-to-face-optimistic-2021-amid-boost-in-vlsfo-supply/

Stricter COVID-19 Measures Deflect Bunker Demand To Nearby Ports

  • Bunkering operations at Hong Kong are affected by stricter Coronavirus Disease 2019 (COVID-19) measures.
  • The company is currently thinking of conducting bunkers-only calls at Xiamen or Hainan ports where supply conditions are still fine.
  • Some players at Zhoushan, the main bunkers-only call port in China, may have benefitted from the development at Hong Kong port.

Demand for bunker fuel at Hong Kong port has shifted to neighbouring ports since the introduction of stricter COVID-19 measures in...

https://mfame.guru/stricter-covid-19-measures-deflect-bunker-demand-to-nearby-ports/

Poor Bunker Demand Pushes Down Fuel Stocks by 13.8%

A recent news report published in Bunker World reveals about the fall in the Amsterdam-Rotterdam-Antwerp stocks fall 14% on week to 1.255 mil mt, according to the data from Insights Global, despite market sources citing poor demand during the week.

Poor demand despite easing lockdown

Following the coronavirus pandemic, demand has failed to recover in line with the easing of country lockdowns in Europe.

Bunker demand at Rotterdam has been low, sources said through the week.

Ongoing fear of second...

https://mfame.guru/poor-bunker-demand-pushes-down-fuel-stocks-by-13-8/

Depressed VLSFO Fueled by Blank Sailings Leading To Tough Q3 Market

According to a Reuters report, the global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said.

What is it?

Third-quarter supply is estimated to rise by 620,000 barrels per day (bpd) from the second quarter as China and Brazil increase production, according to consultancy Energy Aspects.

This comes as inventories across key marine refueling hubs recently...

https://mfame.guru/depressed-vlsfo-fueled-by-blank-sailings-leading-to-tough-q3-market/

Bunker Supply Ship Owners in for Harder times

Bunker suppliers and ship owners can expect harder times ahead, says Robin Meech, Managing Director at Marine and Energy Consulting Limited, who spoke at the inaugural of “State of the Industry” webinar.

The two-hour online event was held on May 26 at 11 AM CET/10 AM London/5pm Singapore time. The Webinar examined the key issues that the Marine fuel industry stakeholders face today.

Bunker demand recovers

“It may take five years before bunker demand recovers from a 7% drop back to 2019 levels with...

https://mfame.guru/bunker-supply-ship-owners-in-for-harder-times/

Top Bunkering Hubs Show Buoyancy Amid Coronavirus Pandemic!

  • Bunker demand at the top bunkering hubs appears to be holding up so far this year despite the COVID-19 pandemic.
  • For the first quarter as a whole, Panama’s demand climbed by 8.9% compared with a year earlier, while Singapore’s rose by 5.3%.
  • First-quarter results from Maersk will also give some indication of how demand from the container sector has fared.

Bunker demand at the world’s top bunkering hubs appears to be holding up so far this year despite the COVID-19 pandemic, writes Jack Jordan...

http://mfame.guru/top-bunkering-hubs-show-buoyancy-amid-coronavirus-pandemic/

IMO 2020 Planning: Economic and Geopolitical Causes at Play

An article in Supply Chain Dive briefs about the various situations which determine the compliance of maritime standards with the approaching IMO 2020.

Compliance with IMO 2020 regulations 

There are three options to meet the Jan. 1 low-sulfur deadline:

  • Burn the more expensive, very low sulfur fuel oil (VLSFO).
  • Invest in an expensive scrubber system and keep buying the existing high-sulfur bunker fuel.
  • Retrofit existing ships or purchase new builds to use liquefied natural gas (LNG).
Will low...

http://mfame.guru/imo-2020-planning-economic-and-geopolitical-causes-at-play/