Praxis Market Update

Tue 29 Nov 2011, 15:05 GMT

Marine bunker fuel prices generally had a rising trend in most of the major bunkering hubs across the world.

In Singapore, prices increased for fuel oil while marine gasoil saw a decline in prices compared to yesterday. Demand was generally average at port followed by sufficient supply. Earliest delivery dates ranged from December 3rd - 6th onwards.

In Fujairah, there were sufficient enquries with adequate marine bunker stocks and with suppliers offering from December 4th onwards.

In Hong Kong, there was low demand at the port due to the rise in marine fuel prices. Supplies were adequate at the port with earliest delivery dates from 1st December onwards.

MGO


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		Sing Fuels hiring junior supply trader for Singapore operations Role aimed at candidates with one to two years of experience in marine fuels or the wider maritime industry.

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		Svitzer signs contract with India’s SDHI for four biofuel-ready TRAnsverse tugs Four 32-metre TRAnsverse 3200 tugs ordered from Gujarat-based shipbuilder.

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		Hagland Shipping takes B100-capable Damen CF 3850 on time charter from Reederei Gerdes Norwegian dry bulk operator adds short-sea vessel with the ability to operate on B100 biodiesel.

		Chinese shipyard delivers LNG dual-fuel container ship to MSC 301 days ahead of schedule Zhoushan Changhong sets new early-delivery record for its series of LNG dual-fuel boxships.

		Portsmouth International Port makes first commercial shore power connection with cruise ship Virgin Voyages’ Valiant Lady plugs into Portsmouth International Port’s shore power system, with two ships connected simultaneously.

		EmissionLink calls for fairer EU ETS expansion and greater reinvestment in maritime decarbonisation Emissions compliance specialist warns that broader coverage alone will not deliver practical decarbonisation.

		Peninsula and Evos sign MoU to develop biofuel storage at Algeciras terminal Partnership aims to develop up to 60,000 cbm of dedicated biofuel storage capacity at the Strait of Gibraltar.