Praxis Market Update

Thu 21 Mar 2013, 13:33 GMT

Brent crude continued a downward trend today while WTI held over $93, narrowing the gap to the smallest margin in 8 months.

Singapore: Demand was average with very good availability, deliveries as early as 22nd March.

Innoshima: Very tight to no availability for 380cst that will last through to the end of the month. 180cst and MGO are available from 23rd March onwards.

Fujairah: Low demand today but still limited availability with delivery dates from 24th March onwards.

MGO


		World Kinect marine segment posts record quarterly gross profit amid bunker price volatility Marine division delivers its best-ever quarterly result as the conflict in the Middle East drives bunker price swings.

		Explora Journeys takes delivery of first LNG-powered ship in its fleet Explora III, delivered by Fincantieri in Genoa, marks the brand’s first LNG-fuelled vessel.

		ABS grants approval in principle for nuclear-powered 15,000-teu containership concept The concept design, developed with two Korean research institutes, features a marine molten salt reactor.

		T-SOL delivers first Japan-built methanol fuel supply system The system, which received ClassNK approval in principle in 2024, will be installed on a Kamsarmax bulk carrier.

		Rotterdam records 0.4% rise in total throughput for H1 2026 LNG throughput up 1.7% to 6.4m tonnes, with exports increase attributed partly to greater use of LNG as a marine fuel.

		Construction begins on LNG bunkering vessel for Shell Ceremony held for first of two 18,900-cbm vessels being built for Purus Marine.

		Monjasa seeks supply trader in Singapore Role focused on developing and maintaining supplier relationships for the firm's back-to-back operations.

		Monjasa hiring trader for Panama physical trading team Bunker firm looking for candidates with at least two years' experience in sales, trading, shipping, logistics, or similar commercial role.

		CIMC SOE and Sinopec Clean Energy sign contract for 12,000-cbm LNG bunkering vessel Vessel is scheduled for delivery in 2028 and will serve China’s coastal LNG bunkering network.

		S-Oil begins supplying B30 VLSFO from Ulsan South Korean refiner S-Oil enters the bio-bunkering market with a vertically integrated Ulsan supply chain.