Praxis Market Update

Fri 11 Jan 2013, 15:01 GMT

Oil traded near the highest level in almost four months, extending the longest weekly winning streak since August, as Saudi Arabia cut its oil output and investors speculated an economic recovery will boost fuel demand.

Singapore: Supplier reported that it is fully committed until the 20th of January.

Takehara: LS MGO is available for prompt deliveries.

Kandla: Good stocks of products with earliest possible delivery on 14th January due to public holidays.

MGO


		Gulf tensions expose shipping’s continued reliance on fossil fuels, says Fuelre4m Dubai-based firm warns alternative fuel infrastructure remains fragile compared to established oil and gas systems.

		CMA CGM adds 23,000-teu containership to Asia-Europe service CMA CGM Grand Palais will operate on the FAL3 route between Asia and Europe.

		WinGD to host webinar on methanol- and ethanol-flexible fuel engine technology Engine manufacturer will discuss market outlook, regulations and operational experience with alcohol-based marine fuels.

		Peninsula opens applications for 2026 graduate programmes in marine fuels trading Two-year scheme offers positions across six global locations starting in September, combining hands-on experience with structured development.

		Oilmar DMCC promotes Collin She to key account manager role She will lead strategic customer relationships and drive growth opportunities in Singapore and the wider region.

		Dorian LPG takes delivery of dual-fuel VLGC capable of carrying ammonia The 93,000-cbm Areion can run on LPG or fuel oil and transport ammonia cargoes.

		RINA awards ISCC EU certification to OLT Offshore LNG Toscana for bio-LNG supply Certification enables bio-LNG use in the EU as a renewable fuel under RED II and RED III directives.

		WSC calls for safe maritime corridor as 20,000 seafarers remain trapped in the Persian Gulf Industry body urges IMO member states to establish safe passage and supply access.

		Auramarine to host webinar on ammonia as marine fuel in April Finnish firm will explore ammonia’s role in maritime decarbonisation at its third spring webinar.

		Green ammonia could reach cost parity with VLSFO and LNG by 2050, study finds WinGD and Envision Energy study projects green ammonia operational costs competitive with conventional marine fuels.