2014 prices are the spot prices at the beginning of the month. Ship & Bunker News Team Axpo to open new LNG branch in Singapore Tuesday, 06 October 2020 09:30 Axpo has announced that it will be opening an office in Singapore at the end of 2020 to strengthen its presence in Asia’s fast-growing LNG market. ** The Singapore LNG bunker fuel price was assessed at $8.732/MMBtu, maintaining a $1.975/MMBtu spread to the JKM. The ship's operator is Sinanju while its owner is Japanese shipping company Mitsui OSK Lines (MOL). K Line has joined the Japan Hydrogen Association. The Singapore LNG bunker fuel price was assessed at $8.732/MMBtu, maintaining a $1.975/MMBtu spread to the JKM. Ship & Bunker, SeaCred Pick Top 10 Bunker Companies for 2021, Scorpio Exits Dry Bulk, Puts Remaining Bulker Fleet Up For Sale, Fratelli Drops Chemoil Name from its Monaco Bunker Trading Unit. SINGAPORE DATA: Nov bunker fuel sales up nearly 3% on month to 4.26 mil mt Platts Bunkerworld . The world’s biggest bunkering port Singapore has recorded a major fall in prices of heavy fuel oil closing in on ten-year lows from 2015. Under a Maritime and Port Authority of Singapore financing scheme, a $S3 million ($2.2m) grant will go towards the cost of building the dual-fuel ship which is expected to be ready by 2021. The ship claimed to be Singapore’s first LNG bunkering vessel was moved from land to water on 28 May. Singapore Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts ]: Subscribe for a year or order a 1-month trial. We provide global news, analysis and prices for the natural gas and LNG markets. The submission request for an LNG bunkering license for the port of Singapore is aligned with the business plan of the company.Over the last two … Singapore is actively encouraging vessels which call at its port to use cleaner fuels such as LNG, by providing them with port dues concessions, and co-funding building of LNG-fueled bunker tankers. Interested parties should request for a copy of the RFP document by emailing LNG_bunkering_RFP@mpa.gov.sg. The additional licences are to support growing demand for LNG bunker in the Port of Singapore, the Maritime and Port Authority of Singapore said FueLNG has virtually named Singapore’s first LNG bunker tanker which will initially provide fuel for vessels from Shell and Hapag-Lloyd. The JKM for December was assessed at $6.757/ MMBtu. Supply to the ship must be added to fuel costs. We provide global news, analysis and prices for the natural gas and LNG markets. Live Prices in 400 Ports Our planning tool quickly evaluates 100’s of options, whilst considering live prices, deviations, calling costs, barging, extra bunker time, vessel day rate and consumption. The LNG bunker barge, with 7,500 cubic meters of LNG capacity, will be owned and operated by FueLNG, a joint venture between Shell and Keppel Offshore & Marine. Singapore is a significant port of call and we are pleased that there will be the necessary infrastructure provided by FueLNG for us to bunker our LNG-powered vessels.” Latest Singapore bunker prices, analysis, trends, and history. As informed, MPA will issue up to two additional LNG bunker supplier licences to support growing demand for LNG bunker in the Port of Singapore. On 28 October 2020, MPA launched a request for proposal (RFP) for companies seeking to supply LNG bunker in the Port of Singapore. The ship is the fifth of eight ordered from Samsung in 2018, and the sixth is due to be delivered in December. CEO Timothy Cosulich says move was "in response to the growth of our activities in the bunker trading sector. The market backwardation over the December-January period widened on a softer January derivatives market while December remained tight, with physical offers going past the $7/MMBtu mark on lingering supply … Singapore: LNG bunker Tanker Operating in Port by 2021, Ship & Bunker, SeaCred Pick Top 10 Bunker Companies for 2021, Scorpio Exits Dry Bulk, Puts Remaining Bulker Fleet Up For Sale, Fratelli Drops Chemoil Name from its Monaco Bunker Trading Unit, Monjasa Swaps Floating Storage, Gives Details of IMO 2020 Impact on WAF Bunker Demand, Trafigura Execs Cited in Petrobras Graft Allegations. 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