Praxis Market Update

Wed 12 Feb 2014, 13:11 GMT

Brent crude oil edged above $109 a barrel on Wednesday on data showing Chinese oil imports hit a record high last month. Crude oil imports rose 11.9 percent in January from a year earlier to reach 28.16 million tonnes, or 6.63 million barrels per day (bpd), Chinese customs data showed.

Singapore: Demand was good today and avails fine overall. Earliest deliveries from 14th-16th Feb.

Busan: Above average demand with good avails. Earliest deliveries from 15th Feb.

Fujairah: Average demand with avails fine. Deliveries possible from as early as 14th-15th Feb depending on quantity.


		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.

		Hong Kong completes first green methanol bunkering with CCS support China Classification Society provides technical oversight for methanol-fuelled vessel's inaugural Hong Kong refuelling operation.

		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.

		Bureau Veritas verifies methane emissions on Brittany Ferries’ LNG vessels Verification enables ferry operator to report measured methane slip instead of regulatory default values.