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.” It will be built at Singapore shipyard Sembcorp Marine. SKS Dokka has replaced sister vessel, SKS Darent. Supply to the ship must be added to fuel costs. The vessel was moved from land to water on May 28, 2020. Click here. Probunkers has officially registered its intent to enter the Singapore LNG Bunker market, the firm said today, and has submitted a request for a supplier's licence to the Maritime and Port Authority of Singapore (MPA).. Price-reporting agency Platts, which is part of S&P Global, is to assess liquefied natural gas (LNG) bunkers.. The minister said this at an LNG bunkering demonstration held at Jurong Port on … The closing date for submission of proposals to MPA is 15 December 2020. In favour of a move into renewables market. Singapore to offer two more LNG bunker licences With the first two LNG bunker tankers set to begin operations by the first quarter of 2021, Singapore is putting another two licences up for grabs. Singapore Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts probunkers responded to the Request for Proposal (RFP) of The Maritime and Port Authority of Singapore (MPA) for new licensees for supply of LNG as a marine fuel in the port of Singapore. Singapore LNG bunkering thrust . Latest Singapore bunker prices, analysis, trends, and history. Learn how you can access our natural gas and LNG prices and market reports. 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. And have released the latest version of their Top 10 Bunker Companies report updated for 2021. Platts currently assesses the Japan-Korea-Marker price, which is gaining more acceptance as an Asian benchmark for spot LNG cargoes, the report said. The ship is the fifth of eight ordered from Samsung in 2018, and the sixth is due to be delivered in December. The nosedive in marine fuel prices follows suit of dwindling oil prices that stand at below $40 per barrel. Singapore — The LNG spot price for delivery into North Asia is headed for a historic low in the coming months with the possibility of dropping below the $3/MMBtu level, as rising supply outpaces weak winter demand, S&P Global Platts Analytics said in its JKM weekly price forecast on Thursday. The price assessments will start next week for Singapore and Rotterdam.. ]: Subscribe for a year or order a 1-month trial. ]: Subscribe for a year or order a 1-month trial. LNG dual-fuel bunker tanker. In a wider context, LNG bunker fuel is seen as a viable alternative to oil-derived fuels although the infrastructure required to deliver the fuel to the global fleet has been lacking in most ports. LNG bunker demand appears to be picking up in Sweden, with gas supplier Gasum reporting a busy schedule for its bunker barge.. Gasum's barge the Coralius carried out a record four LNG bunker deliveries in a single 12-hour period at the end of November, the company said in a statement on its website Monday. The ship, scheduled to be operational by end-2020, will enable FueLNG to be the first to provide ship-to-ship LNG bunkering services within the world's largest bunkering port. ]: Subscribe for a year or order a 1-month trial. World 3 [? Singapore LNG bunkering thrust. 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. Learn how you can access our natural gas and LNG prices and market reports. Singapore, the world's largest marine refuelling hub selling about 50 million tonnes of bunker fuel per year, has been developing the infrastructure to support the use of LNG. 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. Pavillion Energy, which is the vessel's charterer, said the 12,000 cubic meter (cu m) tanker will be the largest natural gas bunker vessel to date to operate in Singapore. SINGAPORE DATA: Nov bunker fuel sales up nearly 3% on month to 4.26 mil mt Platts Bunkerworld . The ship claimed to be Singapore’s first LNG bunkering vessel was moved from land to water on 28 May. The ship claimed to be Singapore’s first LNG bunkering vessel was moved from land to water on 28 May. LNG is currently leading the pack of potential alternatives to traditional oil-based bunkers, both in terms of adoption and media attention, but with Society for Gas as a Marine Fuel (SGMF) data indicating a total of 187 LNG-fulled vessels currently in operation and a further 247 on order, its use still represents a tiny fraction of the 60,000 vessel-strong merchant fleet. FueLNG has virtually named Singapore’s first LNG bunker tanker which will initially provide fuel for vessels from Shell and Hapag-Lloyd. Singapore's First Dedicated LNG Bunkering Facility. Major bunker ports such as Singapore are embracing LNG as a maritime fuel, an industry source said Oct. 2. Companies Collaborate To Explore Hydrogen As A Low-Carbon Alternative For Singapore The JKM for December was assessed at $6.757/ MMBtu. Singapore is looking to add liquefied natural gas (LNG) bunker suppliers amid increasing demand for the cleaner burning marine fuel in the world's top shipping hub. According to FueLNG, the construction of the 7,500-cbm LNG bunkering vessel is “progressing smoothly” and is … Read more. 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. 2014 prices are the spot prices at the beginning of the month. Melaka Gateway project loses local state backing. 2014 prices are the spot prices at the beginning of the month. The vessel will be based in the Port of Singapore and will supply necessary LNG fuel to large ocean-going LNG-fueled vessels throughout the region. “We plan to be LNG bunker-ready as early as 2020, and today is an important milestone in this journey,” he said. The JKM for December was assessed at $6.757/ The JKM for December was assessed at $6.757/ We provide global news, analysis and prices for the natural gas and LNG markets. SINGAPORE and LONDON, Aug. 29, 2019 /PRNewswire/ -- S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, today announced that it will launch the first price assessments for LNG bunkering on September 2, 2019.The Singapore assessments will be published daily in both $/MMBtu and $/mt, while the … 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. Kaohsiung Taiwanese state-owned CPC Corp on Friday increased the price of IFO380 and Marine Fuel 0.5% by $7, and MGO by $5. The JKM for December was assessed at $6.757/ MMBtu. Image courtesy of FueLNG. The price assessments will start next week for Singapore and Rotterdam. 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 concerns at the … SINGAPORE and LONDON, Aug. 29, 2019 /PRNewswire/ -- S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, today announced that it will launch the first price assessments for LNG bunkering on September 2, 2019.The Singapore assessments will be published daily in both $/MMBtu and $/mt, while the … K Line has joined the Japan Hydrogen Association. Moreover, Heng highlighted the opportunity of lower shipbuilding costs and LNG prices that the LNG bunker market could take to "reposition for the future." CEO Timothy Cosulich says move was "in response to the growth of our activities in the bunker trading sector. World 3 [? Namely, Singapore 380 cst bunker … To encourage the uptake of LNG bunkers by local harbour craft, MPA will waive 5 years of craft dues for new LNG-fuelled harbour craft that register with MPA between 1 Oct 2017 and 31 Dec 2019. Index: IFO 380: VLSFO 0.5: MGO 0.1: World [? Singapore is looking to add liquefied natural gas (LNG) bunker suppliers amid increasing demand for the cleaner burning marine fuel in the world's top shipping hub. "The strategic partnerships with Total and MOL reinforce our commitment to develop robust LNG bunker supply solutions in Singapore as our home base," said Pavilion Energy chief executive Frédéric Barnaud. **MFO 380 CST sales maintain momentum to hit 995,000 mt **Nov LSFO sales rise 4.5% from Oct 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. The deliveries were to four oil or chemical tankers at Gothenburg on … Singapore LNG Corporation Pte Ltd (SLNG) and Total Solar Distributed Generation (DG) have signed an agreement for solar power to be implemented at the Singapore LNG Terminal on Jurong Island. Local production Bunkerworld Index: Bunker prices rise, shaking off bearish fundamentals **Tepid demand at Singapore expected to last through December **Supply of 0.5%S FO in Europe set to ease **USGC markets likely to see subdued demand through December FueLNG is a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum and has completed 200 truck – ship LNG bunker operations in Singapore. The premium has been declining throughout the year. MPA added it will issue up to two (2) additional LNG bunker supplier licenses to support growing demand for LNG bunkers at the Port of Singapore. Gas supplier Titan LNG has developed a tool to allow the shipping industry to compare LNG prices to conventional bunker fuels, the company said Tuesday.. Prices in the figures are yearly average prices until 2014. While the commercial justifications for investing in LNG bunkering may be weak at the moment given the current economic conditions and low oil prices, MPA is confident of the longer term appeal that LNG as a marine fuel has. Click here. Probunkers aims to become the world's first independent global LNG bunker supplier. Singapore-based licensed LNG bunker supplier FueLNG held a virtual ceremony for naming Singapore’s first LNG bunkering vessel, or LBV, paving the way for further development of LNG … The closing date for submission of proposals to MPA is 15 December 2020. Image courtesy of FueLNG. Ship & Bunker News Team The additional licences are to support growing demand for LNG bunker in the Port of Singapore, the Maritime and Port Authority of Singapore said Singapore aims to be liquefied natural gas (LNG)-bunker ready in the next three years, according to the country’s Senior Minister of state for Trade and Industry, Koh Poh Koon. The Singapore LNG bunker fuel price was assessed at $8.732/MMBtu, maintaining a $1.975/MMBtu spread to the JKM. Probunkers Applies for Singapore LNG Bunker Licence Greece-based Probunkers has applied for an LNG bunkering licence in Singapore, it said on December 16 in a statement. The company says it is responding to increased queries from the industry to find the prevailing cost of LNG as bunker fuel and is looking to extend transparency on pricing in the sector, according to Reuters. Used sources Commodity player denies involvement following civil lawsuit lodged in Brazil. 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. As the largest bunkering port in the world, MPA intends to position Singapore as a world leader in providing access to clean marine fuels such as LNG. We provide global news, analysis and prices for the natural gas and LNG markets. Singapore MPA has launched a request for proposal for new LNG bunker supplier licence, says a press release published on their website. Interested parties should request for a copy of the RFP document by emailing LNG_bunkering_RFP@mpa.gov.sg. Keppel, Shell and FueLNG will further expand the LNG bunkering infrastructure in Singapore with the country's first dedicated LNG bunkering facility. 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. LNG in Europe competes with pipeline gas therefore only costs of distribution to the ship have to be added to gas price. And have released the latest version of their Top 10 Bunker Companies report updated for 2021. ]: Subscribe for a year or order a 1-month trial. Singapore aims to be LNG bunker-ready by 2020 MPA to run 3-year pilot to gain experience, beef up capabilities. Dec 18 Kashagan Public Holiday- Public Holiday. Waiver of Craft Dues for LNG-fuelled Harbour Craft and Port Dues Incentives for Ocean-going Vessels using LNG-fuelled Harbour Craft in the Port of Singapore. Request for proposal (RFP) The Maritime and Port Authority of Singapore (MPA) has launched a request for proposal (RFP) for parties seeking to supply liquefied natural gas (LNG) bunker in the Port of Singapore. LNG in Europe competes with pipeline gas therefore only costs of distribution to the ship have to be added to gas price. “Most vessels prefer to bunker in Singapore due to greater quality assurance and competitive pricing,” Geng adds. A newbuilding liquified natural gas (LNG) bunker barge has been chartered by a Singaporean company for deployment in the southeast Asian bunkering hub. The news was shared earlier this week by the vessel-owner FueLNG, a joint venture between Keppel Offshore & … Singapore, the world’s largest marine refuelling hub selling about 50 million tonnes of bunker fuel per year, has been developing the infrastructure to support the use of LNG. The Singapore LNG bunker fuel price was assessed at $8.732/MMBtu, maintaining a $1.975/MMBtu spread to the JKM. Supply to the ship must be added to fuel costs. 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