LSFO

HSFO Sales Recover After Pre-IMO 2020 Correction

International shipping association BIMCO on Thursday (29 April) published its observations regarding the rise in high sulphur bunker fuel sales post IMO-2020 and how it will affect the scrubber market; it was written by Peter Sand, Chief Shipping Analyst at BIMCO, reports MarineLink.

HSFO Sales

In the first quarter of 2021 high-sulpfr fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the world’s largest bunkering hub. HSFO sales are up 47.2% from Q1...

https://mfame.guru/hsfo-sales-recover-after-imo-2020-correction/

VDL AEC Installs 24 Scrubbers On Maran Vessels

VDL AEC Maritime says it has completed the Installation of 24 scrubbers on vessels of Athens based ship owner Maran Dry Management Inc, reports Ship&Bunker.

Despite the challenges

The programme has been underway for the last three years.“Despite the many challenges at the various shipyards in South East Asia the joint project Team of Maran Dry Management Inc, and VDL AEC Maritime was always able to deliver according the strict and predefined schedule and maintain an average of 20 installation...

https://mfame.guru/vdl-aec-installs-24-scrubbers-on-maran-vessels/

Western Low Sulfur Arbitrage Volumes Could Near 3mil mt In April

April arrival volume was more or less steady, or a touch higher, than around 2.8 million mt or so of product that is expected to land in Singapore for March, traders added, reports S&P Global.

Low sulfur marine fuel

“There’s a little bit of slippage from March arrival into April, not more than 200,000 mt; other than that, the rest of the volumes are entirely slated for April-arrival,” said a trader based here.

Expected Western arbitrage volumes for April, like for March, in itself, would more or...

https://mfame.guru/western-low-sulfur-arbitrage-volumes-could-near-3mil-mt-in-april/

CARB To Crack Down on Illegal Vessel Fuels From May

The California Air Resources Board (CARB) staff will begin additional analysis of fuel samples taken during the inspection of ocean-going ships to verify compliance with the local environmental regulations, starting in May 2021, reports safety4sea.

Scrubber compliance not allowed!

According to the Standard Club, the OGV Fuel Regulation requires the use of marine distillate grade fuel (marine gas oil or marine diesel oil) with a maximum sulfur level of 0.1% while operating within 24 nautical miles...

https://mfame.guru/carb-to-crack-down-on-illegal-vessel-fuels-from-may/

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/

Effect of Bunker Prices Spike on Scrubber-Fitted VLCCs

  • Non-scrubber fitted tankers in the red on key routes
  • Widening HSFO discount to LSFO may revive scrubber market
  • Rising LSFO prices to push up demand for HSFO

The rising discounts which high sulfur fuel oil is enjoying over its low sulfur cousin has resulted in a clear two-tier market for VLCCs, where tankers with scrubbers are showing daily earnings, or else running into losses, market participants said Feb. 16, reports S&P Global Platts.

About Scrubbers

Scrubbers are exhaust gas systems, which...

https://mfame.guru/effect-of-bunker-prices-spike-on-scrubber-fitted-vlccs/

Scrubber-Fitted VLCCs Make Good Revenue

  • Non-scrubber fitted tankers in the red on key routes.
  • Widening HSFO discount to LSFO may revive scrubber market.
  • Rising LSFO prices to push up demand for HSFO.

A Platts news article written by Sameer C Mohindru highlights how only scrubber-fitted VLCCs are earnings positive as bunker prices spike.

The rising discounts

The rising discounts which high sulfur fuel oil is enjoying over its low sulfur cousin has resulted in a clear two-tier market for VLCCs.

It is where tankers with scrubbers are...

https://mfame.guru/scrubber-fitted-vlccs-make-good-revenue/

Shifting Towards Green Shipping

In this decade, we’ll see more accelerated change in shipping fuels than we’ve seen in the last century. What does this heightened diversity mean for shipowners?

They must be nimbler than ever – a shift that requires work. It means “greening” supply chains, bolstering energy efficiency, nurturing more partnerships, streamlining costs, and becoming adept at green finance, says an article published in gulfnews.

All will help shipowners’ fuel portfolios adapt to the inevitable need for a greener...

https://mfame.guru/shifting-towards-green-shipping/

American Bunker Market Witness Spike in Spot Fuel Prices

Key ports throughout the Americas saw spot retail marine fuel pricing climb during the week January 4-8, with bunkers values tracking stronger US energy futures higher, reports Platts.

Latin America

Latin America bunker prices are starting the week supported by an energy complex that saw ICE Brent futures jump 9.6% from January 1 to January 8, and a 9.4% climb in wholesale marine fuel 0.5%S on the US Gulf Coast.

Advances were more moderate in the region, dictated by countries’ fundamentals.

Marine...

https://mfame.guru/american-bunker-market-witness-spike-in-spot-fuel-prices/

Shippers Embrace ‘Tough Times’ Amid Spiraling Bunker Surcharges

With the oil prices heading north again, ocean carriers are preparing to ramp up low-sulphur fuel surcharges to add to the misery of shippers struggling with sky-high freight rates, surcharges and premium fees, reports the Loadstar.

Brent crude & HSFO prices take a hike

The price of Brent crude has increased by 41% since early September, to $55 a barrel, with an 8% spike alone last week driven by Saudi Arabia’s pledge to cut output.

During the same period, heavy fuel oil (HFO), consumed by ships...

https://mfame.guru/shippers-embrace-tough-times-amid-spiraling-bunker-surcharges/

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