Praxis Market Update

Tue 23 Mar 2010, 16:02 GMT

Crude met a quick recovery after its last loss, edging back to USD 82/bbl range, supported by stronger US dollar and speculations on an imminent european bailout plan for the Greek economy.

In Singapore, delivery schedules are generally looking towards the 27th, though there were some suppliers reporting the possibility to accommodate even on prompt dates.

In Novorossiysk, one player is currently facing tight stocks on both 180cst and gasoil, until further notice of replenishment.

In Piraeus, schedules are reported good to serve on prompt dates since demand is still considered below average according to local suppliers. In Kali Limenes, low sulphur MGO replenishment is expected by the 25th as per latest info.

In Hong Kong, both product and barge avails are reported presently good.

In Busan, earliest supply date is given for the 26th according to local updates.

MGO


		Everllence’s ammonia-fuelled engine passes factory acceptance test ahead of October delivery Engine built by HHI-EMD will power Eastern Pacific Shipping’s very large ammonia carriers.

		LPC and Gram Marine launch marine lubricants hub in Cameroon Partnership will supply Cyclon and Avin Oil marine lubricants to vessels at West African ports.

		Bunker One expands ULSFO 0.10% supply across northern Germany Supplier adds Weser River ports to network, including Bremerhaven, Bremen, Brake, and Nordenham.

		NYK Line, Golden Island and Yara Clean Ammonia sign term sheet for Singapore ammonia bunkering venture Three companies agree to explore marketing and supply of low-carbon ammonia fuel in Singapore.

		IMO committee to discuss Net-Zero Framework and North-East Atlantic NOx ECA MEPC 84 to consider 57 documents submitted for consideration on the reduction of greenhouse gas emissions.

		Capetanakis: Bunker Buyers Working Group not a pricing forum Past Chair says aim of working group is to ensure the perspective of buyers is reflected in policy work.

		Petronor and H2SITE to deploy membrane technology for hydrogen separation at Spanish refinery Partnership aims to integrate membrane reactor into steam methane reforming process to enhance efficiency.

		Peninsula marks 30 years of marine fuel supply operations Bunker supplier's network now covers more than 50 physical supply ports and 21 commercial offices.

		MOL completes world’s first retrofit installation of Wind Challenger sail system on operating coal carrier Hard-sail propulsion system installed on Kurotakisan Maru III during service for J-Power coal transport operations.

		Singapore, LA and Long Beach ports renew green shipping corridor MoU Three-year extension focuses on alternative fuels, digitalisation and supply chain resilience on Trans-Pacific route.