Bunker fuel market

Bunker Sales Rose 3.1% Over The Previous Year In August

  • Gain in low sulfur sales on month surprised traders
  • Fuel oil bunker sales highest since May
  • HSFO outperforms LSFO

A recent news article published in the Platts news source states that the August bunker sales climb 2.9% on year to 3-month high.

UAE’s Port of Fujairah

Ship fuel sales at the UAE’s Port of Fujairah, the world’s third-biggest bunkering hub, climbed 2.9% in August on the year even after floods disrupted operations.

Total sales were 728,287 cubic meters, 8.7% higher than in July,...

https://mfame.guru/bunker-sales-rose-3-1-over-the-previous-year-in-august/

Bunker Fuel Market Report Analyses Current and Future Trends

  • The latest market research report titled “Bunker Fuel Market” methodically summarizes key elements of Bunker Fuel market research.
  • The report provides an in-depth study of the Bunker Fuel market, highlighting the latest growth trends and dynamics in the Bunker Fuel market.
  • The report is intended to assist readers in accurately assessing current and future Bunker Fuel market scenarios.

A Courier news source reports that about the latest market research report titled “Bunker Fuel Market”.

Bunker...

https://mfame.guru/bunker-fuel-market-report-analyses-current-and-future-trends/

Bunkering Hubs To Grow Market Share

The recent trend of major ports taking a rising share of the bunker fuel market at the expense of smaller ports may be set to accelerate amid the increasing diversification in offerings, reports Platts.

Key Hubs and The Quality

“For buyers, that is driven by the quality of fuels [from] these key hubs and the quality [of] the supply chains,” Peter Beekhuis, head of trading for Maersk and responsible for the group’s physical bunker supply chain, said at a recent IBIA conference on April 12.

“There...

https://mfame.guru/bunkering-hubs-to-grow-market-share/

Bunker Fuel Market Facing Crisis Even After Covid Recovery

According to an article published in S&P Global, marine fuel quality issues could likely escalate once the world starts to recover from the coronavirus pandemic while continued margin pressures may hurt bunker suppliers more, necessitating the industry to stay vigilant and adapt themselves post the International Maritime Organization’s global sulfur mandate, industry sources said.

Fuel prices

Despite volatility in some commodity markets, marine fuel prices are already rising, tracking in part...

https://mfame.guru/bunker-fuel-market-facing-crisis-even-after-covid-recovery/

European Hi-5 Bunker Spread Hits Triple Digits

The European fuel oil Hi-5 spread has risen to triple digits for the first time since the end of March 2020, reports Platts.

The widened spread

Reason behind the rise

The rise is said to be due to the low sulfur fuel oil supported by demand from the East and limited domestic production.

Highest spread

The spread between 0.5% sulfur FOB Rotterdam barges and 3.5%S FOB Rotterdam Barges — dubbed the Hi-5 — widened to $100.50/mt Feb. 4. According to S&P Global Platts data, it is the highest level since...

https://mfame.guru/european-hi-5-bunker-spread-hits-triple-digits/

Residual Fuel Sales To Stay Strong Amid Tightening Supply

Strong sales in the Singapore low sulfur bunker fuel market seen in the week ended July 30 are likely to continue into first-half August, as margins inch higher on the back of tightening supply in August, reports Platts.

Marine fuel 0.5% sulphur

– Traders expect the Singapore Marine Fuel 0.5%S cash differential to remain in positive territory this week as arbitrage cargoes in August are estimated at 1.5 million-2 million mt, down from 2 million-2.5 million mt in July, as the price spreads between...

https://mfame.guru/residual-fuel-sales-to-stay-strong-amid-tightening-supply/

SoG Commits To Trade Commodities Finance at the Global Level

Societe Generale’s regional heads of trade and commodities finance for Asia Pacific have left the Paris-based bank, raising concerns among Singapore-based shipping fuel traders that it may wind back financing services to the sector, reports Reuters.

Trade financing takes a toll

France’s third-biggest listed lender said this year it would shrink or exit some businesses to cut costs at its investment banking unit, and has been hit by losses from trade financing in the Singapore bunker fuel market.

So...

http://mfame.guru/sog-commits-to-trade-commodities-finance-at-the-global-level/

In 2025 Bunker Fuel Market Will Have a Net Worth of $273bln

According to Allied Market Research, the global bunker fuel market was valued at $137.21 billion in 2017 and is expected to reach $273.05 billion by 2025, growing at a CAGR of 9.4% during the forecast period, 2018-2025. The report provides an in-depth analysis of the key winning strategies, drivers & opportunities, market share, key segments, and competitive landscape, says an article published in Globe News Wire.

What’s driving this growth?

The MarineLink reported it as an effect of...

http://mfame.guru/in-2025-bunker-fuel-market-will-have-a-net-worth-of-273bln/

Bunker Fuel Market To Rise To a Total Volume of 460 Million Tons By 2020

  • Global bunker fuel market set to rise to a total volume of 460 mn tons by 2020, exhibiting a steady 3.1% CAGR in the last six years of the ongoing decade.
  • Bunker fuel comprises of the total expenditure of vessel operators and for up to three quarters of a ship’s total running expenses.
  • The pricing dynamics of the bunker fuel market is important for the overall marine sector, with ports offering bunker fuel at the lowest rates.
  • The rising density of marine trade around emission control areas...

http://mfame.guru/bunker-fuel-market-to-rise-to-a-total-volume-of-460-million-tons-by-2020/

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