fuel oil

HSFO Premiums Skyrocket As Russian Supplies Move In

The UAE’s Port of Fujairah is getting so crowded with Russian vessels carrying oil products that other shippers are getting crowded out, pushing up premiums for HSFO bunker fuels that have been in more demand than the low sulfur grade, port agents told S&P Global Commodity Insights.

Consequences

The congestion has pushed up HSFO prices, with the Platts Fujairah-delivered 380 CST HSFO premium against the FO 380 CST 3.5% FOB Arab Gulf cargo assessments averaging $62.78/mt over Sept. 1-14, almost...

https://mfame.guru/hsfo-premiums-skyrocket-as-russian-supplies-move-in/

Rivertrace Introduces The SMART VISCO Main Engine Sensor

Before fuel oil is injected into the primary engines of big ships, the SMART VISCO sensor is intended to measure the temperature and viscosity of the fuel oil. The monitor then transmits this data via volt-free relay contacts on both analogue and digital outputs.

Direct indication 

The SMART VISCO sensor measures all grades of HFO using ultrasonic guided wave technology. Due to the high frequency and speed of ultrasound, ambient vibration and flow speed have no impact on the measurements. The...

https://mfame.guru/rivertrace-introduces-the-smart-visco-main-engine-sensor/

BIMCO, ICS, Intercargo And Intertanko Launch New Fuel Oil Survey

fuel oil survey

The International Maritime Organisation’s 2020 global sulphur limit for marine fuel oil has been in force for more than a year. BIMCO, The International Chamber of Shipping (ICS), INTERCARGO and INTERTANKO are calling on Fleet Managers, Vessel Managers, Technical Superintendents, Masters and Chief Engineers to share their insight and experiences with marine fuels in a new survey aimed at identifying potential quality and quantity issues.

Following on from the industry survey conducted in the...

https://www.marineinsight.com/shipping-news/bimco-ics-intercargo-and-intertanko-launch-new-fuel-oil-survey/

Storage Injections Demand Uplift European Gas Price

Bullish sentiment for the European gas prices has eased, however, the demand for storage injections keeps prices at high levels, says an article published in Gasum.

European natural gas injections

The European natural gas storage inventories started the injection season with below the 5-year average levels, meaning that additional 47.3 TWh of natural gas should be injected to the storage during the season. The situation creates a demand for LNG, which will be a subject to a spread between natural...

https://mfame.guru/storage-injections-demand-uplift-european-gas-price/

Fujairah Oil Stocks Record 18-months Low Amid Demand Recovery

  • Heavy distillates inventories plunge 20%
  • Drop in light distillates seen short lived
  • OPEC+ cuts also contributing to shrinking stocks
  • Inventories were at record 30.71 mil barrels in June

Oil products stockpiles at the UAE’s Port of Fujairah slumped to an 18-month low, with fuel oil recording the biggest plunge in more than two years on signs of recovering demand from the pandemic, reports Platts.

Oil stocks tumble

The total stood at 17.966 million barrels on March 8, down 14% from a week earlier...

https://mfame.guru/fujairah-oil-stocks-record-18-months-low-amid-demand-recovery/

PRIME’S DAILY MARKET REPORT February 19, 2021

PRIME’S DAILY MARKET REPORT February 19, 2021

Irene K Notias

SOURCES: Phys. Suppliers, Reuters  

CRUDE OIL FUTURES @ 12:55 WTI $59.29/bbl ↓1.23 Brent $63.21/bbl ↓0.72 Gasoil ↓6.00
PORTS  (Del.costs)VLSFO (0.5%)RMG380RME180DMA LSComments/Earl.del.
PIRAEUS (mtw)520-525380-385n.a.540-545firm prices s.i.-avails
MALTA487-492s.i.n.a.532-537
GIBRALTAR (mtd/mtw)496-501387-392n.a.554-559
ISTANBUL (mtw)515-520s.i.n.a.560-565
NOVOROSSIYSK485-490380-385

https://allaboutshipping.co.uk/2021/02/19/primes-daily-market-report-february-19-2021/

Singapore Fuel Oil Inventories Slip Amid Rare Exports

  • Singapore’s residual fuel oil inventories slipped 0.1 per cent in the week to June 24, inching away from a more than three-year high hit the week before.

Singapore’s residual fuel oil inventories fell 1% in the week ended Jan. 13, reflecting a slight decrease in net import volumes and steady bunker fuel demand, reports Reuters.

Fuel oil stocks dip

Onshore fuel oil stocks slipped 34,000 barrels, or about 5,000 tonnes, to 26.596 million barrels, or 4.188 million tonnes, in the week ended...

https://mfame.guru/singapore-fuel-oil-inventories-slip-amid-rare-exports/

The Year of Unexpected Turnaround for Container Shipping

With the onset of the Covid-19 pandemic in the first quarter of 2020, it did not look like being a good year for container shipping, but a very different picture has emerged in the second half with sharp demand growth on major trades, a shortage of containers and soaring freight rates, reports Seatrade Maritime News.

Concern over fuel prices

The year actually started with concern over fuel prices as very low sulfur fuel oil (VLFSO) prices soared as the IMO 2020 low sulfur regulation came into...

https://mfame.guru/the-year-of-unexpected-turnaround-for-container-shipping/

Fujairah Fuel Oil Stocks Soar High

Oil stocks including those of bunker fuel at the Middle Eastern bunkering and shipping hub of Fujairah have risen to their highest level since late August, reports Ship & Bunker citing Fujairah Oil Industry Zone data.

Fuel oil stocks

Total barrels stood at 24.6 million in mid-December. There were last higher on August 31 at 25.1 million barrels, according to the report.

  • Heavy distillates including fuel for power generation and bunkers were up 11% to 11.3 million barrels in the previous week (to...

https://mfame.guru/fujairah-fuel-oil-stocks-soar-high/

How IMO 2020 Regulations Are Faring Amid COVID-19?

  • The supply of VLSFO has proven more than adequate amid COVID-19.
  • Call on marine gasoil (MGO) as an expensive alternative has been less than expected.
  • Refiners have adjusted their crude sales and changed their blend component pools.
  • The use of marine gasoil in engines has not increased as rapidly.
  • This is attributed to the fact that ship engineers think in terms of volume rather than the energy content.
  • Competition for low sulphur heavy gasoil and waxy streams has increased.
  • The price of solar...

https://mfame.guru/how-imo-2020-regulations-are-faring-amid-covid-19/

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