Praxis Market Update

Fri 16 Dec 2011, 13:44 GMT

In Singapore, demand was moderate while avails for MGO were very tight and earliest delivery dates were possible from 23 December onwards.

In Jeddah, one supplier reported tight avails for prompt dates especially for gasoil, while replenishment is expected to be from 20 December onwards.

In Mundra port, a physical reported that he was fully booked and could not offer for enquiries for prompt dates.

In Hong Kong, demand was at good levels while there was tightness with fuel oil 380-cst supplies at the port.

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.