Asian refiners' profit from producing very low sulphur fuel oil (VLSFO) climbed to six-month highs this week as output cuts keep supplies tight while demand for the shipping fuel at most ports are back at pre-pandemic levels, traders and analysts said.The trend is likely to stay for the rest of the year, encouraging Asian refiners to prioritize VLSFO production along with petrochemical feedstock naphtha, where demand has also firmed.The front-month VLSFO crack was at $9.43 per barrel above Dubai crude on Tuesday, its highest since April 10. Demand for bunker fuel alone is estimated to have fallen between 7-17% in 2020. Similarly, the average price for marine gasoil in Balboa was also at its highest since March. Keppel O&M’s technology arm…. Tourism in Mauritius - a popular destination for its pristine beaches - reportedly contributed about $1.6 billion to its economy during the last year…. Authenticated data presented in report is based on findings of extensive primary and secondary research. The 340-meter-long very large ore carrier (VLOC) Stellar Banner has been scuttled off the coast of Brazil after being declared a total loss due to extensive hull damage suffered during a grounding incident.The 300,660 dwt vessel, owned and operated by the South Korean company Polaris Shipping, ran aground while carrying iron ore bound for China from Vale's terminal in Maranhão in February. The Bunker Alerts highlight a specific parameter, that is raising concerns and making an impact on fuel quality. 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, according to two sources with direct knowledge of the matter.The INE’s move would be the first time a Chinese futures contract would be deliverable outside of China and could boost liquidity for the contract, as well as help to influence pricing for shipping fuel.Low-sulphur fuel oil (LSFO) is required as ship fuel to meet new maritime emissions regulations that went into effect this year. This report has been prepared by experienced and knowledgeable market analysts and researchers. Insights drawn from data serve, Covid 19 Analysis : 3D Concrete Printing Market Global Industry Analysis, Size, …, A recent market research report added to repository of Coherent Market Insights is an in-depth analysis of “Global 3D Concrete Printing Market”. On the basis of historic growth analysis and current scenario of 3D Concrete Printing market place, the report intends to offer actionable insights on global market growth projections. Renewable/Bio Jet Fuel MARKET FUTURE SCENARIO, KEY INDICATORS, GROWTH RATE, INDU …, A recent market research report added to repository of Coherent Market Insights is an in-depth analysis of “Global Renewable/Bio Jet Fuel Market”. The simultaneous supply and demand shocks have sent bunker prices racing towards previous low levels with very low-sulphur fuel oil (VLSFO) trading at USD 246 per MT on 5 May 2020 in Singapore. The fuel represents 76% of bunker sales in Panama. Puranik concludes: “The pandemic has created new problems for shippers and refiners alike. On the other hand, demand for low sulfur bunker fuel in Singapore is expected to remain stable. Authenticated data presented in report is based on findings of extensive primary and secondary research. This market study includes data about global market statistics, market share, company performances, historical analysis 2012 to 2016, market forecast 2017 to 2023 in terms. The 7,500m3 LBV was built at Keppel Nantong Shipyard in China and is equipped with engines that can run on both diesel and LNG. It is a phenomenal compilation of important studies that explore the competitive landscape, segmentation, geographical expansion, and revenue, production, and consumption growth of the global Pectin market. The port authority conducted an exercise of just-in-time (JIT) port arrivals in conjunction with the International Maritime Organization and shipping companies Maersk and MSC, it said in a statement on its website Monday. The two major bunker fuel classifications in the marine industry are distillates and residual fuel oils. A containership that was leaking fuel oil through a crack in its hull has left its mooring in Bayonne, N.J. to undergo repairs at different a facility within the Port of New York/New Jersey, the U.S. Coast Guard said.The Liberian-flagged YM Mandate had stopped leaking last week after the spill was reported from the 300 meter long, 6,572 TEU capacity vessel on Tuesday.The Coast Guard said box ship departed the Global Container Terminal Saturday after bunker fuel was removed from the affected tank, the ship was cleaned and a dive survey confirmed no additional damage. On the basis of historic growth analysis and current scenario of Renewable/Bio Jet Fuel market place, the report intends to offer actionable insights on global market growth projections. © 1996-2020 Maritime Activity Reports, Inc. Subscribe to Maritime Reporter Email News. The Surcharge is based on the reference bunker price during the 28 days observation period prior to this notice (20.10.2020–16.11.2020). Ship & Bunker - News, Exclusive Features, Bunker Price Indications - The World's Most Read Publication for the Marine Fuels Industry S&B MARKET SURVEY: 'Soaring Demand' Across SE Asia, But Global Q3 Bunker Hub NOV 19, 2020 - DUBLIN--(BUSINESS WIRE)--Nov 19, 2020--The "North America Bunker Fuel Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.The bunker fuel market in North America is expected to grow at a CAGR of more than 14% during the forecast period of 2020-2025The increasing natural gas … Bunker Fuel – Not a Virus 16/03/2020 Industry News Close physical contact between ship and shore personnel during bunkering on internationally-trading vessels means there is a risk of spreading the Coronavirus. In March, the average value … The international navigation may take place via sea, on inland lakes & waterways, and in coastal waters. Pricing for MGO, a bunker fuel with up to 0.1% sulfur content, averaged $398/mt in November, up $22, or 5.9%, from October. The "South America Bunker Fuel Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. Maritime news provider Tradewinds has reported that the order will include a new tank fuelling system. The six neo-Panamax box…, The number of ships fueled by liquefied natural gas (LNG) is expected to more than double by 2030, driven by the shipping industry's desire to cut emissions, a senior executive at Malaysia's Petroliam Nasional Bhd (Petronas) said on Wednesday.Currently, less than 400 out of a total of more than 80,000 registered ships, run on LNG as fuel source. October 13, 2020. It is a phenomenal compilation of important studies that explore the competitive landscape, segmentation, geographical expansion, and revenue, production, and consumption growth of the global Still Drinks market. Published: 11 November 2020 Dan-Bunkering, the group’s parent company Bunker Holding and a company director have been charged by Denmark’s Public Prosecutor for Special Economic and International Crime (SØIK) over selling jet fuel to Russian companies, which in … The 2016-built ship began listing heavily but did not capsize, and…, Chinese refiners have the capacity to produce 18.1 million tonnes of low-sulphur fuel oil (LSFO) this year, which would make the country self-sufficient in the new shipping fuel, an official with state major PetroChina said on Monday.China has been striving to reduce its reliance on bunker fuel imports and is aiming to create its own marine fuel hub to supply northern Asia.About 20 refineries, mostly under state-run Sinopec Corp, PetroChina, CNOOC and Sinochem, installed equipment to produce 0.5% sulfur fuel that meets International Maritime Organization (IMO) rules that came into force at the, Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week. 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