LSFO

LSFO Demand To Spike As Coal Plants Shuts Down

  • Korea East-West Power raises December LSFO purchases
  • Coal plants shut down will trigger LSFO demand which eventually result in higher purchase 
  • IMO 2020 transition, local ECAs spur LSFO demand
  • Refiners’ run cuts support 0.5% sulfur marine fuel prices

According to a Platts report, the planned shutdown of some coal-fired power plants in South Korea is likely to propel low sulfur fuel oil demand, which has already seen an increase due to stricter environmental rules in international shipping as...

https://mfame.guru/lsfo-demand-to-spike-as-coal-plants-shuts-down/

Sales of Bunker Strong At The Port Of Singapore

According to an article published in Asia News some 4.26 million metric tonnes (mt) of marine fuel were sold at the Port of Singapore during November – 2.7% up on the 4.15 million mt sold in October.

What States Says

The number of bunker calls at the Port of Singapore in November (vessels of 75 GT and above) was 3,359 – down by 37 from the 3,396 recorded in October.

Vessel arrivals at the port (vessels of 75 GT and above) fell 2.1% m-o-m, from 7,502 in October to 7,347 in November.

Marine Fuel

Novemb...

https://mfame.guru/sales-of-bunker-strong-at-the-port-of-singapore/

Shanghai INE Considers Singapore for LSFO Futures Overseas Delivery

The Shanghai International Energy Exchange (INE) on Thursday (26 November) signed an agreement with Petro China International Co Ltd for the overseas delivery for its low Sulphur fuel oil (LSFO) futures contract, reportes Reuters.

About the Partnership

“The partnership is a consensus on a first overseas delivery for the bunker fuel as an important foundation towards China’s futures delivery going global”, said the INE.

This would be the first time a Chinese futures contract would be deliverable...

https://mfame.guru/shanghai-ine-considers-singapore-for-lsfo-futures-overseas-delivery/

China’s INE Mulls Singapore Port for Marine Fuel Futures Delivery

  • The Shanghai INE is considering taking Singapore as a delivery point for its low sulfur marine fuel futures contract.
  • The move would be the first time a Chinese futures contract would be deliverable outside of China and could boost liquidity for the contract.

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, reports Reuters.

Delivery point for LSFO

The move...

https://mfame.guru/chinas-ine-mulls-singapore-port-for-marine-fuel-futures-delivery/

USCG Refiners Cite ‘Compatibility Issues’ With Fuel Blending

  • A dip in aviation demand has cut jet fuel prices low enough for blending into marine fuels.
  • Jet fuel is more likely being used in US Gulf coast refineries as cutterstock, a light petroleum stream blended to reduce viscosity.
  • LSFO production requires blending lower-viscosity material with high-viscosity residual fuel oil to meet the minimum viscosity specification shipowners.
  • Technical difficulties, low jet fuel prices and resurgent shipping demand have inverted the typical pricing relationship...

https://mfame.guru/uscg-refiners-cite-compatibility-issues-with-fuel-blending/

BP Sinopec Joint Venture Extends To Fujairah Bunker Market

  • The BP and Sinopec marine fuel bunkering joint venture will start deliveries of high sulfur and low sulfur fuel oils to Fujairah next month.
  • Sinopec started producing LSFO for bonded bunkering in January with a target production capacity of 10 million mt in 2020.
  • Fujairah produces its own fuel oils, with three refineries located at or near the port.

The bunkering joint venture launched by BP and Sinopec five years ago is set to join the Fujairah market, according to price reporting agency S&P...

https://mfame.guru/bp-sinopec-joint-venture-extends-to-fujairah-bunker-market/

Preparations, Flexibility, Timely Action – The Key To Smooth IMO 2020 Transition

According to Peter M. Grunwaldt, the Vice President of Hafnia Bunkers, there are three pivotal steps that could change the course of IMO 2020 regulation and make way for smooth implementation.

During late 2019, the maritime industry was gearing up to IMO 2020. The logistical complexity and financial repercussions were going to be huge. While living and working through this step change, Hafnia Bunkers found that preparation, flexibility and timing were all essential for a smooth, efficient...

https://mfame.guru/preparations-flexibility-timely-action-the-key-to-smooth-imo-2020-transition/

Can China Be Self-sustainable in the 2020 LSFO Market?

  • China could become self-sustainable in the LSFO market during 2020, producing 18.1 million metric tonnes (mt) of low sulphur bunker fuel this year.
  • China will be able to produce 22.6 million mt of the IMO-compliant fuel by 2021, increasing output to 29.6 million mt by 2022.
  • IMO 2020 and the COVID-19 economic impact forced many state-run refineries to produce LSFO to serve domestic and international demand. 
  • China’s marine fuel futures contract to attract strong interest.
  • China’s policy on...

https://mfame.guru/can-china-be-self-sustainable-in-the-2020-lsfo-market/

Demand for Global Bunker Fuel Set To Drop by 5% – 10%

  • Global bunker fuel demand is likely to fall by 5%-10% year on year in 2020.
  • Major bunkering hubs witnessed bunker fuel sales rise in the first few months in 2020.
  • Singapore’s April sales volume rose 10.82% or 401,600 mt.
  • Singapore’s GDP is expected to shrink between 4% and 7% this year.
  • Strict port state controls have also kept a lid on non-compliance to the IMO 2020 rule.
  • HSFO prices will likely remain subdued unless there is a sudden jump in demand.
  • Spread between Singapore delivered Marine...

https://mfame.guru/demand-for-global-bunker-fuel-set-to-drop-by-5-10/

Marine Cylinder Oil Approved for Use With LSFO, VLSFO and LNG Unveiled!

™
  • Mobilgard 540 X is suitable for safe and reliable use with LSFO, VLSFO and LNG.
  • It passed extensive fit-for-use testing on the most recent engine designs. 
  • It meets WinGD’s requirements for all three fuel types.
  • ExxonMobil offers Mobil Serv℠ Cylinder Condition Monitoring (CCM) for real-time actionable insights.

ExxonMobil unveils next-generation multi-fuel marine cylinder oil approved for use with LSFO, VLSFO and LNG, says a press release published on their website.

Next-generation cylinder oil

E...

https://mfame.guru/marine-cylinder-oil-approved-for-use-with-lsfo-vlsfo-and-lng-unveiled/

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