This report has been prepared by experienced and knowledgeable market analysts and researchers. Ship & Bunker - News, Exclusive Features, Bunker Price Indications - The … To try and mitigate this risk, the International Bunker Industry Association (IBIA) has offered some practical advice. 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). 23rd November 2020 08:57 GMT The Asian fuel oil market in the week of Nov. 23 is expected to see a pick-up in demand in Singapore for high sulfur bunker fuel, as shipowners look to stock up on December inventory, bunker suppliers said. 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. Players can use, Bunker Oil Market Growth to 2022 Investment Analysis, Market Overview and Future …, Bunker fuel is the fuel oil/gas delivered to ships of all states that are engaged in international navigation. The international navigation may take place via sea, on inland lakes & waterways, and in coastal waters. The Bunker Fuel Market research report is a useful source of direction and guidance. While sales of 380 CST marine fuel oil bunkers stood at 995,000 mt in November, 10,000 mt less than the highest volumes so far in 2020 in October, high sulfur bunker suppliers pointed to the advantages Singapore offers shipowners as a bunkering hub for the grade. Authenticated data presented in report is based on findings of extensive primary and secondary research. 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. 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 Board…. ICS FUEL 2020 webinar: ISO 8217:2017 marine fuel quality standard 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. 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. The Bunker Alerts are available for … This report has been prepared by experienced and knowledgeable market analysts and researchers. Seven months after the United Nations' shipping agency brought in hotly anticipated new rules to curb emissions, the raft of technical issues and leap in fuel prices that were expected to result have failed to materialize, ING Bank said on Tuesday.Global shipping and oil firms had flagged major concerns over potential disruptions from International Maritime Organization (IMO) rules implemented at the start of 2020, which capped marine fuels' sulphur content at 0.5% against 3.5% previously.However, shipping and marine fuel suppliers say expected technical issues, such as damage to engines from, Global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said.Third-quarter supply is estimated to rise by 620,000 barrels per day (bpd) from the second quarter as China and Brazil increase production, according to consultancy Energy Aspects.This comes as inventories across key marine refueling hubs recently reached all-time highs, depressing bunker fuel prices and refiners' margins and dashing hopes for a profitable year for sellers of low sulfur fuel that, The new chief executive of Trafigura's marine fuels joint venture TFG Marine will leave the business at the end of September, the company said on Monday without disclosing the reason for his departure.Anders Gronborg was appointed CEO in April after ending a 27-year career at World Fuel Services in 2018.The company and Gronborg have agreed to part in a "mutually agreed exit", a company spokeswoman said in an emailed statement, adding that his last day will be Sept. 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