Singapore bunker sales remain stable: The markets for many commodities including bunker fuel have been affected globally by the pandemic. Bunkering is the process of supplying fuels to ships for their own use, and Singapore is one of the largest and most important bunkering port in the world. Singapore (CNN) — Inside the dimly lit underground bunker, 12 military commanders are about to trigger the largest capitulation in British military history. The stocks were the lowest since April 29, when ‘We recognise it is important to hold dialogues especially in this challenging time, to gain feedback and suggestions to make Labuan port more resilient and effective,’ says MD. At the Port of Singapore the marine fuel market has registered a 2% dip in year-on-year sales to 3.93 million metric tones (mt), while volumes for the year to date are ahead of 2019 figures. Bunkering is the process of supplying fuels to ships for their own use, and Singapore is one of the largest and most important bunkering port in the world. Bulugo explained that it can now offer buyers external unsecured finance of up to USD20m under an exclusive agreement with Whitehall Finance. BUNKER B PTE. Hear about the latest developments in bunkering in Singapore and the rest of the world; Understand how bunker barges and tankers operate; prices@manifoldtimes.com, Email us for our advertisement package: Published: 18 November, 2019. Click here. The Company current operating status is live with registered address at ZERVEX. MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) rose slightly on Dec.18: 380 HSFO - USD/MT - 341.46 (+0.67) VLSFO - USD ... BUNKER SALES HOLD FIRM AT THE PORT OF SINGAPORE. Index: IFO 380: VLSFO 0.5: MGO 0.1: World [? A detailed explanation of Argus Bunker Indexes can be viewed here. Prices for marine fuel, known as bunker, in Singapore have generally risen since 2016 ahead of stricter environmental rules being enforced from 2020. As many as sixteen 45,000 bl barges of HSFO traded at US Gulf coast last week; for buyers, purchases may be well-timed for recovery in marine fuel demand. “This contract already trades around 1,000 lots/day on APEX (code LFA), providing price transparency and electronic trading, while the SGX contract may better suit commercial traders executing through brokers,” notes Argus Media. Dubai-based Lamin Bara and Rali Bara receive promotion on the back of rapid expansion and future company direction. Correlation between the Market Bunker Price Index (MBP) vs MABUX Digital Bunker Price Index (DBP) in four major hubs on Dec.21 showed undercharging of 380 HSFO bunker grades in Singapore (-6 USD) and Rotterdam (-20 USD) and overcharging in other selected ports. Singapore is simply the epicenter of the bunkering world. Learn more – How Shipowners are losing money by choosing the wrong bunker port Live Prices in 400 Ports Our planning tool quickly evaluates 100’s of options, whilst considering live prices, deviations, calling costs, barging, extra bunker time, vessel day rate and consumption. The financial contract that settles on the monthly average of the daily assessments made by Argus, which are based on a volume-weighted average of spot fixed price LSFO bunker deals reported by 7pm each day. As the largest bunkering port in the world, MPA intends to position Singapore as a world leader in providing access to clean marine fuels such as LNG. Singapore VLSFO 0.5% Price Today USD/MT, Live & Historical Price Charts marketing@manifoldtimes.com, ICS FUEL 2020 webinar: ISO 8217:2017 marine fuel quality standard takes center stage in panel discussions, Singapore: Trade finance for bunkering sector ‘entering a different paradigm’, says Helmsman lead lawyer, International Safety@Sea interview: MPA shares what it means to conduct bunkering operations in the ‘new norm’, Singapore: Gealubes strengthens marine bio lubes commercial operations with new Sales Director, USD $1.49 million bunker credit sleeving dispute between Goodwood and Southernpec reaches conclusion, SGX launch of LSFO derivative contracts to increase bunker market liquidity, SGX to launch low sulphur fuel oil derivative contracts on 18 November 2019, Argus ‘pleased’ on successful debut of APEX ABI Singapore LSFO Futures, OFAC updates list with shipping and petroleum firms over Iran involvement, JLC China Bunker Market Monthly Report (November, 2020), HHI and DNV GL present green tanker solutions from joint research partnership, Shell MGO bunker heist: First ex-Shell employee to plead guilty over involvement, Fratelli Cosulich Group unveils rebranding for Monaco bunkering business, West of England partners VPS to launch bunker fuel quality advisory service, Gasum LNG bunker vessel ‘Coralius’ supplies record number of tankers in 12 hours. Have news to share? Fuel oil futures prices for 380 cSt and MGO traded down in Singapore market. **MFO 380 CST sales maintain momentum to hit 995,000 mt **Nov LSFO sales rise 4.5% from Oct Bunker buyers are paying more for lower specification fuel in Singapore, according to the latest analysis from ClearLynx. Platts, a unit of S&P Global Inc, said on Thursday it is launching price assessments on Sept. 2 for LNG bunker fuels in the top global bunkering hubs of Singapore and Rotterdam. Related: SGX to launch low sulphur fuel oil derivative contracts on 18 November 2019 The World Bunker Index MABUX continued firm upward evolution over a week. Discover how you can access our oil prices, news & analysis This page requires Javascript. “Argus Bunker Index (ABI) Singapore LSFO 0.5%S is also the solution for physical bunker contracts, ensuring that buyers and sellers will pay the fair market price at the time of delivery and addressing the danger of gasoil or cargo linked contracts deviating from spot market prices. While the commercial justifications for investing in LNG bunkering may be weak at the moment given the current economic conditions and low oil prices, MPA is confident of the longer term appeal that LNG as a marine fuel has. Its offers the marine industry another tool to hedge their risk associated with the future price of bunkers in Singapore. Level 6, Suite 604, 50 Clarence Street, Sydney NSW 2000 Phone +61 2 8270 7300 Fax +61 2 8270 7388 sydney@dan-bunkering.com. is here to save you. Meanwhile, Singapore’s commercial onshore residue stocks fell 10% week on week to 23.505 million barrels, or 3.7 million mt July 22, data from Enterprise Singapore showed. Bunker Prices of IFO380, IFO180, MDO, MGO-0.1%, L.S. The three-day BunkerExperience course in Singapore presents an unbeatable combination of intensive classroom teaching and real-life bunkering experience right in the heart of the world’s busiest bunkering port. Captain Daknash Ganasen, Senior Director (Operations & Marine Services), MPA, provides direction on what should players do when providing bunker fuel to a COVID-19 infected ship, and more. Members and clients are recommended to ensure that crews are familiar with these regulations and procedures before bunkering in Singapore as this will help reduce the possibility of disputes. Related: SGX launch of LSFO derivative contracts to increase bunker market liquidity SINGAPORE DATA: Nov bunker fuel sales up nearly 3% on month to 4.26 mil mt Platts Bunkerworld . World 3 [? Bunker Price Index consist of range of prices for 380 HSFO, VLSFO , MGO and MDO futures prices changed irregular and insignificant across the world major ports. Specifically, based on the platform’s transactional volume for September against the ClearLynx price index. Problem fuels do exist and can result in difficulties, but without adequate precautions even an on specification VLSFO has the potential to cause damage, it advises. Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd. Latest Singapore bunker prices, analysis, trends, and history. Panama Canal bunker volumes in May fell back by 5.1% year on year, and they were also down on April’s volumes, which totalled 414,137 mt. To check bunker prices for all the ports in Singapore click on Singapore. /web/contenthandler/!ut/p/digest!F92fJnRVwFWybKNnoClQLQ/pm/oid:--portletwindowid--@oid:Z6_O8L2IA02KOC2D0AAA7MRCG0D06, /web/contenthandler/!ut/p/digest!F92fJnRVwFWybKNnoClQLQ/um/secure/currentuser/profile?expandRefs=true, © 2020 Maritime and Port Authority of Singapore, Global Meeting Place – maritime events, conferences & exhibitions, Global Forum - Port Authorities Roundtable, Setting Up Your Maritime Business in Singapore, Programmes to Support Your Maritime Business, Maritime Innovation and Technology (MINT) Fund, Preparing Tankers for Gas Free Inspection, Applying for Anchorage Space to Conduct Hot-Work Repair, Applying for Berthing of Vessels with Bulk Liquid Cargo, Using Dispersants in Singapore Port Waters, Declaring Bulk Hazardous and Noxious Substances, Recognised Training Providers for IMDG Code, Foreshore and Marine Development Projects (COMET), Charts, Tidal Info, AtoNs and Hydrography, Voluntary Pilotage Services in the Straits of Malacca and Singapore, Approved Dockmaster Scheme for Oil and Storage Terminals, International Ship and Port Facility Security (ISPS) Code, Security Circulars / Notices / Advisories / Bulletins, Guidelines for Vessels on the Lowering or Launching of Lifeboat at the Anchorages, FAQs to Implementation of SOLAS Regulations VI/2 on Verified Gross Mass of Containers, Global Maritime Distress and Safety System, Emergency Position-Indicating Radio Beacon, Applying or Renewing the Port Limit Manning Licence, Additional requirements to carry more than 12 persons, Launching / Laying Up / Breaking Up of Vessel, Singapore Mariners' Club at Maritime House, Fees Payable by the Owner Agent or Master of a Harbour Craft, Fees Payable by the Owner Agent or Master of a Pleasure Craft, Fees Payable by Bunker Craft Operator / Supplier, Charges for Training Courses/Examinations, Attorney-General Chambers’ Singapore Statutes Online website, Maritime and Port Authority of Singapore Act, Merchant Shipping (Maritime Labour Convention) Act 2014, Merchant Shipping (Civil Liability and Compensation for Oil Pollution) Act, Merchant Shipping (Civil Liability and Compensation for Bunker Oil Pollution) Act, Merchant Shipping (Wreck Removal) Act 2017, International Safety Management (ISM) Code, International Ship and Port Facility Security Code, Manning Requirements while Operating Your Ship, Attorney-General Chambers’ Public Website, Merchant Shipping (Civil Liability and Compensation for Bunker Oil Pollution) Act 2008, Advanced Maritime Leaders Programme (AMLP), Singapore – IMO Third Country Training Programme (TCTP), Harbour Craft Licence and Dues Calculator, Annual Port Dues Scheme for Visiting Yacht, Pleasure Craft Licence and Dues Calculator, Oil Spill Response and Anti-Pollution Services, Promoting Responsible Environmental Practices. Fuel oil futures prices rose in Singapore market. The Company principal activity is in OPERATORS OF BARGES, TUGBOATS AND … is here to save you. Platts Bunker Fuel service helps to develop, connect & explain the market price of crude oil and oil products. Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead. The BW380 Index is a daily average dollar value index of 380 centistoke (cst) bunker fuel from the same 20 key bunkering ports used to calculate the BWI (Bunkerworld Index). Problems listed very much mirrored requests from ship owners, managers and operators seeking assistance to handle the situation using Aderco’s products. LTD. was incorporated on 28 June 2012 (Thursday) as a Exempt Private Company Limited by Shares in Singapore. editor@manifoldtimes.com, For enquiries on oil & bunker prices indication: Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd. Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015. New Bunker Jobs in Singapore available today on JobStreet - Quality Candidates, Quality Employers in Ports Piraeus, Istanbul, Fujairah, Singapore, Rotterdam, Houston, Santos. contact However, Singapore bunker sales remain stable to slightly higher throughout 2020, despite forecasts of a 7-17% decline in bunker fuel demand. SINGAPORE, Oct. 21, 2019 /PRNewswire/ -- The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October. This is the right place to be if you are keen on the latest happenings, and more, taking place at the world’s largest bunkering hub. Manifold Times is the only independent bunker specialist media in Asia, where we have gained much popularity in Singapore since our January 2018 launch. ]: Subscribe for a year or order a 1-month trial. To obtain a representative geographical spread, the ports were selected by size with reference to their geographical importance. Singapore 330.50 0.00 Rotterdam 303.00 2.00 Houston 306.00 1.50 Fujairah 315.50 1.00 LA / … The bunker price page for port Singapore in Singapore displays latest bunker price at Singapore. See your browser's documentation for specific instructions. We are capable of providing bunker deliveries in the South China Sea, the Indian and Pacific Oceans through multiple supply points (both in-port and out-port limit) and proficient blending capabilities. Javascript is disabled in this browser. Modify your browser's settings to allow Javascript to execute. Find us at: singapore@dan-bunkering.com. Correlation between the Market Bunker Price Index (MBP) vs MABUX Digital Bunker Price Index (DBP) in four major hubs on Dec.21 showed undercharging of 380 HSFO bunker grades in Singapore (-6 USD) and Rotterdam (-20 USD) and overcharging in other selected ports. Related: Argus ‘pleased’ on successful debut of APEX ABI Singapore LSFO Futures, Photo credit: Argus Media bunkerbunker!! We offer bunker fuel and lubricants to cater for the specific needs of our various customers. Follow Us On Our Preferred Social Media Platform: SGX Argus LSFO 0.5%S Singapore Bunker Index Futures now available for trading. The 380 HSFO index rose from 330.49 USD/MT to 338.99 USD/ MT (+8.50 USD), VLSFO gained 13.00 USD: from 406.00 USD/MT to 419.00 USD/MT while MGO added 14.37 … APEX Argus Bunker Index Singapore LSFO 0.5%S futures have been launched to coincide with new IMO rules taking effect in January 2020, where ships without exhaust scrubbers are required to use fuel with a sulphur content of a maximum of 0.5%, a reduction from the current 3.5%. that same block of dates,” said a Singapore-based bunker fuel trader. The bunker industry in Singapore is highly regulated and the bunker code will be revised from 1 September 2015 to further enhance the quality of bunker operations. “Argus Bunker Index (ABI) Singapore LSFO 0.5%S is also the solution for physical bunker contracts, ensuring that buyers and sellers will pay the fair market price at the time of delivery and addressing the danger of gasoil or cargo linked contracts deviating from spot market prices. The Bunker Price Index consist of range of prices for HSFO, VLSFO, MDO and MGO turned down across the world major ports yesterday. Fuel oil 380 cSt futures prices dropped by $15.25 or 8% to $174.5 while MDO and MGO futures prices remained unchanged in Singapore market. ]: Subscribe for a year or order a 1-month trial. Singapore Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts This section contains information concerning different aspects of bunkering, including the service providers, standards, accreditation schemes, licence application guidelines, bunkering statistics as well as mass flow meter for bunkering in Singapore. The newly launched Code of Best Practices – Commodity Financing guidelines will be the new ‘reference point’ taken by banks when considering to give trade finance to trading houses, believes Ian Teo. Terms & Conditions; Cookies THE BUSINESS TIMES bunker - Find bunker News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. The table shows bunker price for FO380cst (Fuel Oil with viscosity 380cst, also known as Intermediate Fuel Oil) with maximum sulphur 3.5% at port Singapore in USD (US Dollars) per Metric tons (Mts). The Singapore Exchange (SGX) has launched its new SGX Argus LSFO 0.5%S Singapore Bunker Index Futures (code LSFF) derivative contract, says Global energy and commodity price reporting agency Argus Media on Monday (18 November). Allow Javascript to execute for 380 cSt and MGO traded down in Singapore fuel sales up nearly %! Your browser 's settings to allow Javascript to execute to check bunker prices, analysis, trends, and.. 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