LSMGO

Singapore’s HSFO Price Steady, VLSFO & LSMGO Down

Credits: Olga-subach-unsplash

Singapore price changes on the day to 12.00 SGT (04.00 GMT):

  • VLSFO price down $6/mt to $641/mt
  • LSMGO price down $12/mt to $890/mt
  • HSFO price unchanged at $560/mt
Recent trends:
  • VLSFO up from 18-month low of $530/mt on 20 March
  • LSMGO up from 17-month low of $646/mt on 4 May
  • HSFO up from 20-month low of $355/mt on 8 December

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Source: ENGINE

The post Singapore’s HSFO Price Steady, VLSFO & LSMGO...

https://mfame.guru/singapores-hsfo-price-steady-vlsfo-lsmgo-down/

Singapore Prices Rise Across All Grades Over The Weekend

Credit: Engine

From Friday to 12:00 SGT (04:00 GMT) today, Singapore’s prices have undergone fluctuations. Over the weekend, there has been a universal increase in prices across all categories.

Today Trends:

Singapore price changes on the day from Friday, to 12.00 SGT (04.00 GMT) today:

  • VLSFO price up $12/mt to $647/mt
  • LSMGO price up $24/mt to $902/mt
  • HSFO price up $15/mt to $560/mt
Recent trends:
  • VLSFO up from 18-month low of $530/mt on 20 March
  • LSMGO up from 17-month low of $646/mt on 4 May
  • HSFO...

https://mfame.guru/singapore-prices-rise-across-all-grades-over-the-weekend/

East Of Suez Fuel Availability Outlook

Credits: Jens Rademacher/ Unsplash
  • Singapore’s fuel oil imports and exports both averaged 15% lower in December, with imports notably declining to a seven-month low.
  • Demand remains very healthy in Hong Kong, and lead times of around seven days are recommended for all grades.
  • VLSFO and LSMGO remain readily available in India’s Mumbai, with short lead times of 2-3 days.

Bunker demand for VLSFO has been average in Singapore coming off the New Year holidays, a source says. Recommended lead times...

https://mfame.guru/east-of-suez-fuel-availability-outlook/

Singapore’s Bunker Fuel Sales Drops Out In May

  • Sales of marine fuels at the port of Singapore totalled 4.07mn t in May, down by around 4pc or 185,000t from April.
  • But the May sales were 147,000t higher than a year earlier.

According to an article published in Argus Media, Sales of marine fuels at the port of Singapore totalled 4.07mn t in May, down by around 4pc or 185,000t from April, according to preliminary data from Singapore’s Maritime and Port Authority (MPA).

VLSFO Sales

Sales of very low-sulphur fuel oil (VLSFO) reached 2.78mn t in...

https://mfame.guru/singapores-bunker-fuel-sales-drops-out-in-may/

Modern Bunkering Options Transforming Panama Canal Bunker Industry

In a pioneering tanker move, Monjasa enables outer anchorage bunker supplies off Cristobal. This means significantly less idle time for larger ships taking bunkers in the Panama Canal, says a press release on their website.

Sustain the Attractiveness

Global oil and shipping group Monjasa brings MT Monjasa Supplier (8,839-dwt) from Dubai to Panama to further sustain the attractiveness of Panama as a leading global shipping hub.

Monjasa Supplier is already in full operation supplying LSMGO and...

https://mfame.guru/modern-bunkering-options-transforming-panama-canal-bunker-industry/

Addendum: Excessive Linear Wear While using VLSFOs

The Viswa group published a White Paper in April 2020 to explain the possible root cause of liner wear and scuffing issues when using Very Low Sulfur Fuels (VLSFOs). 

Below is Viswa’s Addendum to its white paper on Linear Wear. 

Possible causes of damage

Approximately 16% of the problem cases encountered by the shipowners in 2020 (as reported to us) were related to liner wear and scuffing issues. 

Viswa’ White Paper discussed the possible causes of damage to cylinder liners and piston rings. 

We...

https://mfame.guru/addendum-excessive-linear-wear-while-using-vlsfos/

Bunker Sales in Panama Fell About 19.2% in November 2020

According to Panama Maritime Authority (PMA), bunker sales in Panama fell by about 19.2% on year in November 2020, says an article published in Manifold Times.

Fall in bunker sales

Following several months of continued growth, bunker sales in Panama fell sharply in November 2020.

According to the latest data from La Autoridad Marítima de Panamá, also known as the Panama Maritime Authority (PMA), Bunker sales at Panama fell by about 19.2% in November 2020.

Total bunker sales

Total bunker sales at...

https://mfame.guru/bunker-sales-in-panama-fell-about-19-2-in-november-2020/

Singapore HSFO Sales Topped 1mn Tonne

  • HSFO sales in Singapore topped 1mn t in October and is an increase of 130,000t from September.
  • The premium of gasoil bunkers over HSFO bunkers declined significantly, to an average of $65/t so far this month.
  • HSFO bunker prices in few other ports were at an average of $7/t more than in Singapore in October.
  • Roughly 3,396 vessels called at Singapore to refuel in October, down from 3,455 vessels in September.

Singapore topped 1mn t HSFO bunker sales in October for the first time this year, says...

https://mfame.guru/singapore-hsfo-sales-topped-1mn-tonne/

Singapore Witnesses Narrow Gasoil Premium Over VLSFO

  • LSMGO premium over VLSFO has averaged $6.58/t down from as high as $55/t in Singapore.
  • Although both fuels are IMO2020 compatible, most shipowners prefer the higher viscosity of VLSFO.
  • The lower gasoil viscosity can lead to stability issues, which can be an issue especially for longer, intercontinental journeys.

The premium of low-sulphur marine gasoil (LSMGO) over very-low sulphur fuel oil (VLSFO) in Singapore has averaged $6.58/t so far this month, down from as high as $55/t in July this...

https://mfame.guru/singapore-witnesses-narrow-gasoil-premium-over-vlsfo/

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