Wed 25 Apr 2012 13:13

Indian refiner sells 380-cst cargo


380-centistoke parcel is scheduled for lifting from northwest Indian port in May.

Indian refiner Essar Oil has sold a 380-centistoke (cst) fuel oil cargo for lifting next month.

The parcel, which is due to be lifted from Essar Oil's Vadinar terminal, is reported to have been sold to leading energy trading company Vitol S.A. at a premium of $5.00-$7.00 per tonne above Middle East spot quotes on free-on-board (FOB) basis.

The latest deal price is higher than a previous lot due for lifting in late April, which it sold to Middle East fuel oil trader Bakri at a premium of $3.00-$5.00 per tonne.

Essar's refinery in Vadinar is able to produce 10.5 million tonnes per annum and is ideally located on India's West Coast in close proximity to the crude rich Gulf States. The company sells around 120,000-180,000 tonnes of fuel oil a month via spot tenders.

Vadinar is an all-weather deep-draft natural port and over 60 percent of India's crude imports land in and around this region.
Chart showing percentage of off-spec and on-spec samples by fuel type, according to VPS. Is your vessel fully protected from the dangers of poor-quality fuel? | Steve Bee, VPS  

Commercial Director highlights issues linked to purchasing fuel and testing quality against old marine fuel standards.
Ships at the Tecon container terminal at the Port of Suape, Brazil. GDE Marine targets Suape LSMGO by year-end  

Expansion plan revealed following '100% incident-free' first month of VLSFO deliveries.
Hercules Tanker Management and Hyundai Mipo Dockyard sign bunker vessel agreement Peninsula CEO seals deal to build LNG bunker vessel  

Agreement signed through shipping company Hercules Tanker Management.
Illustration of Kotug tugboat and the logos of Auramarine and Sanmar Shipyards. Auramarine supply system chosen for landmark methanol-fuelled tugs  

Vessels to enter into service in mid-2025.
A Maersk vessel, pictured from above. Rise in bunker costs hurts Maersk profit  

Shipper blames reroutings via Cape of Good Hope and fuel price increase.
Claus Bulch Klausen, CEO of Dan-Bunkering. Dan-Bunkering posts profit rise in 2023-24  

EBT climbs to $46.8m, whilst revenue dips from previous year's all-time high.
Chart showing percentage of fuel samples by ISO 8217 version, according to VPS. ISO 8217:2024 'a major step forward' | Steve Bee, VPS  

Revision of international marine fuel standard has addressed a number of the requirements associated with newer fuels, says Group Commercial Director.
Carsten Ladekjær, CEO of Glander International Bunkering. EBT down 45.8% for Glander International Bunkering  

CFO lauds 'resilience' as firm highlights decarbonization achievements over past year.
Anders Grønborg, CEO of KPI OceanConnect. KPI OceanConnect posts 59% drop in pre-tax profit  

Diminished earnings and revenue as sales volume rises by 1m tonnes.
Verde Marine Homepage Delta Energy's ARA team shifts to newly launched Verde Marine  

Physical supplier offering delivery of marine gasoil in the ARA region.

↑  Back to Top


 Related Links