VLSFO

ONE Orders For Ten Methanol- And Ammonia-Ready Boxships

Credits: motomoto sc/ Unsplash

Ocean Network Express (ONE) has ordered ten new container ships that will feature a bow cover and other energy-saving technologies, says an article published on Ship-technology.

Twenty-foot equivalent units

Expected to be delivered between 2025 and 2026, the new large vessels will have a carrying capacity of more than 13,700 twenty-foot equivalent units (TEUs).

The new vessels will be designed to operate on methanol and ammonia.

Medium-term strategy

To implement...

https://mfame.guru/one-orders-for-ten-methanol-and-ammonia-ready-boxships/

G20-VLSFO Index Posts Biggest Monthly Decline

Credits: David Clode/Unsplash

Bunker fuel prices declined at most ports on Tuesday, with global VLSFO prices ending February at the biggest monthly decline since November, reports Ship And Bunker.

G20-VLSFO Index

Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports lost $2/mt to $639/mt on Tuesday, taking its overall decline last month to $51/mt. The G20-HSFO Index rose by $1/mt to $452.50/mt, while the G20-MGO Index declined by $4/mt to $908.50/mt.

ICE Brent crude futures...

https://mfame.guru/g20-vlsfo-index-posts-biggest-monthly-decline/

VLSFO Premium at 3 Month-low; Kuwait’s Al Zour Closes Tender

Credits: Arvind Vallabh/Unsplash

Asia’s spot premium for 0.5% very low sulphur fuel oil eased for a seventh consecutive session to a three-month low on Friday, while Kuwait’s Al Zour closed a term tender in the previous day, reports XM.

Oil exports ramped up

Kuwait is set to ramp up refined oil product exports from its new Al Zour refinery in the second half of 2023 to plug Russian shortfalls in Europe and meet growing demand in Asia and Africa, industry sources and analysts said.

The refinery has...

https://mfame.guru/vlsfo-premium-at-3-month-low-kuwaits-al-zour-closes-tender/

K LINE Conducts Trial Use Of Marine Biofuel

Credit: Elisa Amadori/Unsplash

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) announced that has conducted the trial use of B24 marine biofuel comprising 24% fatty acid methyl ester (FAME) blended with very low sulfur fuel oil (VLSFO), says an article published on Safety4sea.

Accumulate expertise

This is the third successful trial use of marine biofuel by a “K” LINE vessel. “K” LINE would like to accumulate expertise on the operation and use of biofuels. The vessel was supplied with the biofuel in...

https://mfame.guru/k-line-conducts-trial-use-of-marine-biofuel/

HSFO Trades At Steeper Discount

Credit: Venti Views/Unsplash

The spot market for 180-cst high sulphur fuel oil (HSFO) traded at a steeper discount on Friday compared to last week, says an article published on Bunker ports news.

Reflecting near-term

Vitol bought a 20,000-tonne cargo 180-cst HSFO from PetroChina at a discount of $3 to Singapore quotes on Friday, for loading between Jan. 26 to 30.

Reflecting near-term bearishness, the 180-cst HSFO forward curve was in contango for the first half of 2023, Refinitiv data showed.

Recent...

https://mfame.guru/hsfo-trades-at-steeper-discount/

Mumbai VLSFO At Rare Price Parity With Singapore

Credits: Esmonde Yong/ Unsplash
  • Mumbai’s VLSFO is currently priced $5/mt higher in Mumbai than in Singapore.
  • The port’s VLSFO premium over Singapore peaked at about $92/mt at the beginning of November. 
  • Prompt VLSFO and LSMGO stems have been readily available with suppliers in Mumbai, as they have been in recent months.

VLSFO availability in Mumbai has been more stable in recent months compared to other regional ports such as Singapore and Fujairah, where the grade has been harder to secure for...

https://mfame.guru/mumbai-vlsfo-at-rare-price-parity-with-singapore/

Singapore Nov. Bunker Sales Hit 22-month High

Credits: Victor/Unsplash

Singapore’s total bunker sales in November reached 4.37mn t, up noticeably from 4.25mn t the previous month, reports Argus Media quoting official data from the Maritime and Port Authority (MPA).

This total is also 3.6pc higher than November last year and represents the highest monthly consumption in the city state since January 2021, when volumes reached 4.5mn t.

But Singapore is on track to see its total 2022 bunker volume slip by an estimated 2mn t from the previous year...

https://mfame.guru/singapore-nov-bunker-sales-hit-22-month-high/

Singapore’s Bunker Sales Grow For Second-Consecutive Month

Credit: Korie Jenkins Unsplash

According to preliminary figures from the Maritime and Port Authority of Singapore, Singapore’s total bunker sales reached their highest levels this year, says an article published on Engine.

Average stem size

A total of 3,299 vessels arrived for bunker calls in November, which was lower than 3,431 vessels in October. But the average stem size was about 86 mt larger than in October, at 1,324 mt.

Total VLSFO sales

VLSFO sales increased by 6% in November. But total VLSFO...

https://mfame.guru/singapores-bunker-sales-grow-for-second-consecutive-month/

Price of ship fuel falling even as Russia-Ukraine war rages on

When Russia invaded Ukraine, the price of ship fuel spiked to unprecedented highs. Prices are still high in historical terms, but they’ve now fallen back to prewar levels. Ship fuel is getting cheaper as fears of future demand weakness drag down the price of oil.

Ship & Bunker put Friday’s average price of very low sulfur fuel oil (VLSFO) — the fuel used by most commercial ships — at $685.50 per ton (based on prices at the top 20 refueling hubs). That’s down 39% from the all-time high on June 14...

https://www.freightwaves.com/news/as-russia-ukraine-war-rages-on-the-price-of-ship-fuel-is-falling

+ More