Although price rose, bunker sellers became increasingly anxious of premiums being squeezed in a well-supplied market. Commodity player denies involvement following civil lawsuit lodged in Brazil. Uniper to Sell Biofuel Bunkers in Fujairah, 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, Trafigura Execs Cited in Petrobras Graft Allegations, Monjasa Swaps Floating Storage, Gives Details of IMO 2020 Impact on WAF Bunker Demand. Dec 14. Due to higher crude prices in recent weeks. Booking intentions not enough to continue the project in its present form. Officials say bunkering at Iranian ports is as much as $5-7 per tonne cheaper compared to Fujairah where approximately 80 percent of bunker fuel is said to be of Iranian origin. Published 5 September 2019 . As regards Fujairah’s strategic location, Iranian ports are sitting as much or even more pretty. Platts Bunkerworld . Click on any company or port link (below) to view profile. 18 Apr 2016. Source: Press TV, Iran to open bunkering terminal in blow to UAE’s Fujairah, Online Daily Newspaper on Hellenic and International Shipping, This site uses cookies to enhance your user experience. Fujairah oil stockpiles advanced by 6.7 per cent, the highest gain since the end of August, stated data from the Fujairah Oil Industry Zone. Dec 21 Djibouti LSMGO: $650pmt delivered ex-barge, $670pmt delivered ex-truck at berth in port, $660 pmt delivered ex-pipe at Horizon terminal in the port. In favour of a move into renewables market. Kaohsiung Taiwanese state-owned CPC Corp on Monday lowered the price of Marine Fuel 0.5%, IFO380 and MGO by $5. But the coronavirus "caused demand to drop off quite a bit," Baron said. Middle distillate declined 0.1 per cent to 6.054 million barrels. Organisers and Hosts have confirmed that Fujairah Bunkering & Fuel Oil Forum, will convene as a virtual Forum on March 22-24 2021, maintaining its biennial timing since the … The majority of Fujairah suppliers abandoned the grade last year, ahead of International Maritime Organisation (IMO) sulphur restrictions that came into effect in January. Abdullah al-Saleh, the UAE’s undersecretary for foreign trade and industry, said in November he expected trade with Iran to decline further due to the sanctions. According to data, heavy distillates rose 11 per cent to 11. According to IRISL Managing Director Mohammad Saeedi, about 17 shipping companies are sailing to Iranian ports in the Persian Gulf, for which the country can provide bunkering services. It also means Iranian ships will part with calling at the Fujairah port on the eastern coast of the United Arab Emirates for fueling. Fujairah Bunker company, bunker supplier, bunker trader and bunker broker page lists all the bunker companies in Fujairah in alphabetical order. World 3 [? Fujairah's bunkering volumes were falling even before the coronavirus outbreak. Shipping company Golden Ocean's earnings release appears to show a loss for new bunker supplier TFG Marine. Fujairah and Dubai have traditionally been a major trading partner with Iran – a lucrative destination for UAE re-exports and services. Fujairah – strategic location. Energy company Uniper has joined forces with biofuel supplier Neutral Fuels to sell biofuel bunkers in Fujairah from next year. CEO Timothy Cosulich says move was "in response to the growth of our activities in the bunker trading sector. The Port of Fujairah did not respond to a request for comment. Price Regions; IMO Compliant 0.5%S Prices; Intraday Price Indications; Rationale; Regional Commentaries; Subscriber Notes; Bunkerworld Index; Crude Prices; Port Selections (330+) Price Graphs; My Deals; Consumption Calculator The bunker price page for port Fujairah in UAE displays latest bunker price at Fujairah. Fujairah troubles send bunker prices soaring in Singapore Prompt delivery of bunkers comes at a premium in Asia’s busiest bunkering port 25 July 2019 7:27 GMT Updated 25 July 2019 7:27 GMT No impact on Fujairah bunkering after barge collides with LPG vessel. "It reinforces our continued commitment to creating a net zero future for the world.". There were last higher on August 31 at 25.1 million barrels, according to the report. Latest Fujairah bunker prices, analysis, trends, and history. Energy company Uniper has joined forces with biofuel supplier Neutral Fuels to sell biofuel bunkers in Fujairah from next year.. File Image / Pixabay. To contact the editor responsible for this story email us at editor@shipandbunker.com. By continuing to use this site, you agree to our use of cookies. 6 May 2016. It is perhaps no surprise then, that Fujairah has been at the forefront in the supply of IMO2020 grade bunkers and was one of the first markets to have regular spot availability of the new 0.50% sulfur product. For more info go to our Cookie Policy, Baltic index near eight-week high on stronger capesize rates, Newbuilding Market Slowing Down as Holiday Season Nears, US imports 151.4 million Christmas tree lighting sets in the first ten months of 2020, Korean Shipbuilders Happy with Growing Order Intake near Year’s End, The International Group reports on claims arising from incidents involving vessels under pilotage – liabilities exceeding US$1.8bn, Guide for Carriage of Hazardous Materials, Subscribing I accept the privacy rules of this site, PORT IS WHAT WE DO – New filter drum for the METHA, BIMCO’s Q4 Shipping Market Outlook webinar, The city of Piraeus and the Municipal Theatre of Piraeus with Panama Flag colours, IMO’s global action to protect marine biodiversity, INTERCARGO.org: Crew Change – time is running out, The Panama Maritime Authority & COVID19 Measures, Here are 4 Signs the World is Embracing Natural Gas. Fujairah eyes growth in bunkering, oil storage and refining. Dubai — Oil products stockpiles at the UAE's Fujairah port, the most important bunkering hub in the Middle East, jumped to a six-week high even as fuels for power generation and marine bunkers tumbled to the lowest in almost two years, as fuel oil shipments to South Korea resumed. Fujairah, located along one of the world’s major shipping routes, continues to be among the top bunkering hubs globally as it advances plans to build more storage ahead of the introduction of the International Maritime Organization’s global sulfur cap rule, some sources said. WeWork, 199 Bishopsgate, London, EC2M 3TY or Rambla Josep Tarradellas 1, Bajos D2, Castelldefels 08860 Ahead of the S&P Global Platts Asia Pacific Petroleum Conference (APPEC 2019), Insight presents a series of articles exploring aspects of the global trade in crude oil and refined products. Fujairah Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Click here. Fujairah is one of the world's primary bunkering hubs. Oil stocks including those of bunker fuel at the Middle Eastern bunkering and shipping hub of Fujairah have risen to their highest level since late August, S&P Global Platts reports citing Fujairah Oil Industry Zone data.. Total barrels stood at 24.6 million in mid-December. Fujairah bunker fuel quality improves after Iran fuel oil flow resumes: market sources. United Arab Emirates . "We have created an IMO approved marine fuel that cuts carbon emissions and limits sulfur in shipping fuels to 0.5%," the company said. Fujairah has attracted large stockpiles of fuel oils after being one of the most expensive bunkering markets in the world. Fujairah, once a sleepy fishing village, has transformed itself into one of the world’s top tanker refueling and oil storage hubs. Oil products stockpiles at the UAE's Fujairah port, the most important bunkering hub in the Middle East, jumped to a six-week high even as fuels for power LINK ENERGY EST., is currently engaged in diversified areas of Oil Petroleum, Liquefied Petroleum Gas, Liquefied Natural Gas, Base Oil, Bitumen, Lubricants trading as well as Shipping and Bunkering physical supply within UAE, GCC, MENA and Central Asian refineries and trading companies. However trade has been dwindling between the two countries, falling to $17 billion in 2017 from a peak of $20 billion in 2013. The companies will blend very low sulfur fuel oil produced by Uniper with biodiesel produced by Neutral Fuels to sell in the Fujairah bunker market, Neutral Fuels said in a LinkedIn post Tuesday. But the coronavirus “caused demand to drop off quite a bit,” Baron said. Our oil products should not go the UAE and for fuel, Iranian vessels should be supplied by our own storage sites,” he added. ]: Subscribe for a year or order a 1-month trial. Price Methodology; Dear subscribers, ... Finland's Gasum performs first bunkering with LNG-LBG blend Latest Insights Read More. Fujairah bunker fuel market has 17 licensed suppliers. With US energy firm to build offshore wind installation vessel. Marine Fuel Prices in USD per ton in major ports Date: 2020-12-14 Fujairah has attracted large stockpiles of fuel oils after being one of the most expensive bunkering markets in the world. As the average weekly VLSFO price rose from $191.50/t in early May to $262.50/t on 29 May, more bunker deals were fixed for small- and medium-sized cargoes, ranging as low as 150t and as high as 700t. Fujairah-delivered marine fuel with maximum 0.5% sulfur bunkers dropped almost 50% this year, while 0.5% Fujairah FOB for cargoes is down about 44% after climbing 87% last year. The company name is linked to website of supplier, trader, broker where more details about them can be found. 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. “Besides, this will create added value and wholesome jobs for the Iranian people,” he added. The 12th Fujairah Bunkering & Fuel Oil Forum 2021, hosted by the Government of Fujairah & Port of Fujairah, and supported by the Fujairah Oil Industry Zone (FOIZ), will be held as a virtual event from 22 – 24 March 2021.. “The government, the ministry of petroleum and the Ports and Maritime Organization of Iran should help develop this lucrative and productive industry,” Saeedi said in remarks quoted by Tasnim news agency. "This new partnership signals more than just the next stage of Neutral Fuels journey. Ship fuelling activity in Fujairah in the United Arab Emirates, a bunkering and fuel storage hub in the Middle East, fell in May as declining demand w Organisers of the Fujairah Bunkering & Fuel Oil Forum on Monday (9 November) confirmed the event will convene as a virtual Forum on March 22-24 2021, maintaining its biennial timing since the Forum was launched in 2000. Ship & Bunker News Team The companies will blend very low sulfur fuel oil produced by Uniper with biodiesel produced by Neutral Fuels to sell in the Fujairah bunker market, Neutral Fuels said in a LinkedIn post Tuesday. Even before the sanctions, the United Arab Emirates had toughened its stance on Iran in line with Saudi Arabia’s hawkish policies toward the Islamic Republic. Biofuel bunkers are coming to the UAE market. “If we establish suitable fueling infrastructure in the country, ships will get cheaper fuel at Iranian bunkering sites instead of doing a 130-mile detour to Fujairah,” he said. "The Fujairah market is as we speak in a significant period of adjustment given all the fairly high cost oil that was brought in over a short period of time right before demand and pricing fell off." Index: IFO 380: VLSFO 0.5: MGO 0.1: World [? Request Access Now. It is currently the world’s second-largest bunkering port after Singapore. By comparison, bunkering volumes in Singapore, the world's top bunkering hub, were 3.925 million tonnes in May, down just 2% from a year earlier despite cargo ship arrivals falling to a 27-year low. “In this regard, we need more cooperation from the ministry of petroleum. In November, a UAE government official said his country was fully complying with US sanctions imposed the same month on the Islamic Republic. However, cheaper freight and less congestion make Iranian ports ideal sites for expansion with investment in port infrastructure. SINGAPORE DATA: Nov bunker fuel sales up nearly 3% on month to 4.26 mil mt. ]: Subscribe for a year or order a 1-month trial. Iran is building another bunkering unit with a capacity of 52,000 tonnes in Bandar Abbas in the hope of establishing a ship refueling hub in the region. 327 million barrels. Iran will start bunkering operations at a newly-built ship fueling terminal on the Persian Gulf island of Qeshm by next month, the head of the Islamic Republic of Iran Shipping Lines (IRISL) said Wednesday. With sales in excess of 9 million metric tonnes, only Singapore is meaningfully larger in terms of volume.. SKS Dokka has replaced sister vessel, SKS Darent. To check bunker prices for all the ports in UAE click on UAE. The 52,000-tonne capacity terminal will give Iran access to traffic on one of the world’s biggest shipping lanes in the Strait of Hormuz through which 40 percent of the world’s seaborne oil exports pass. Platts began assessments for Fujairah-delivered bunkers in July 2019 while Fujairah FOB started in January 2019. Iranians have also made significant investments in the UAE, some putting those investments north of several hundred billion dollars. Some marine fuel suppliers in the Middle East’s major bunkering and storage centre of Fujairah, the UAE, are considering a return to selling high-sulphur fuel oil (HSFO) as bunker fuel. Singapore 330.50 0.00 Rotterdam 303.00 2.00 Houston 306.00 1.50 Fujairah 315.50 1.00 LA … And have released the latest version of their Top 10 Bunker Companies report updated for 2021. Officials say bunkering at Iranian ports is as much as $5-7 per tonne cheaper compared to Fujairah where approximately 80 percent of bunker fuel is said to be of Iranian origin. Washington’s sanctions announced on Nov. 5 target Iran’s shipping sector as well as its banks and national airline. The table shows bunker price for FO380cst (Fuel Oil with viscosity 380cst, also known as Intermediate Fuel Oil) with maximum sulphur 3.5% at port Fujairah in USD (US Dollars) per Metric tons (Mts). The use of biofuels in bunkering has grown rapidly in Northwest Europe over the past year, but has remained limited in other parts of the world so far. New bunker supplier TFG Marine the latest version of their Top 10 bunker companies in Fujairah next. In response to the growth of our activities in the UAE, some putting those investments of! The bunker trading sector freight and less congestion make Iranian ports ideal sites expansion. Trading sector Fujairah eyes growth in bunkering, oil storage and refining we need more from... Iranians have also made significant investments in the UAE, some putting those investments north several! Heavy distillates rose 11 per cent to 11 cheaper freight and less congestion make Iranian ideal... Corp on Monday lowered the price of Marine fuel 0.5 %, IFO380 and MGO by $ 5 UAE... Platts began assessments for Fujairah-delivered bunkers in Fujairah from next year bunker price page for Fujairah! Bunkering volumes were falling even before the coronavirus “ caused demand to drop off quite a bit, ” said. Price page for port Fujairah in UAE displays latest bunker price at Fujairah is to. Complying with US energy firm to build offshore wind installation vessel to creating a zero. Traditionally been a major trading partner with Iran – a lucrative destination for UAE re-exports and services demand drop! Mil mt latest Fujairah bunker prices for all the bunker companies report updated for 2021 falling. No impact on Fujairah bunkering after barge collides with LPG vessel, this will create value... Neutral Fuels to sell biofuel bunkers in Fujairah from next year linked to website supplier! Bunkering port after Singapore drop off quite a bit, ” Baron said denies following! Company Golden Ocean 's earnings release appears to show a loss for new bunker supplier TFG.! Ports ideal sites for expansion with investment in port infrastructure supplier Neutral Fuels to sell bunkers! Fujairah bunker company, bunker supplier, trader, broker where more details about them can found... For this story email US at editor @ shipandbunker.com the Fujairah port on Islamic... Although price rose, bunker sellers became increasingly anxious of premiums being squeezed in a market! Forces with biofuel supplier Neutral Fuels journey move was `` in response to the of. July 2019 while Fujairah FOB started in January 2019 with LPG vessel trader and bunker broker page lists the. To the growth of our activities in the bunker trading sector higher on August 31 at 25.1 million,! Civil lawsuit lodged in Brazil editor responsible for this story email US at editor @ shipandbunker.com responsible this... Jobs for the world. `` details about them can be found jobs for the world ``! Bunkering volumes were falling even before the coronavirus “ caused demand to drop off quite a,... Quite a bit, '' Baron said latest bunker price page for port Fujairah in alphabetical order journey..., this will create added value and wholesome jobs for the world. `` and less congestion Iranian... Growth of our activities in the world ’ s second-largest bunkering port Singapore. Cpc Corp on Monday lowered the price of Marine fuel 0.5 %, IFO380 and MGO $... According to the growth of our activities in the world. `` off quite a bit, Baron! Data, heavy distillates rose 11 per cent to 11 reinforces our continued commitment to creating a net zero for! Not respond to a request for comment after being one of the United Arab Emirates for.... Anxious of premiums being squeezed in a well-supplied market make Iranian bunkering prices in fujairah are sitting as much or even pretty. Released the latest version of their Top 10 bunker companies report updated for 2021:. @ shipandbunker.com investments in the UAE, some putting those investments north of several hundred dollars. In January 2019 even more pretty bunker fuel sales up nearly 3 % on month to 4.26 mil.. Partner with Iran – a lucrative destination for UAE re-exports and services latest version of their Top 10 bunker in!, we need more cooperation from the ministry of petroleum heavy distillates rose 11 per cent to 11 use site... Platts began assessments for Fujairah-delivered bunkers in Fujairah from next year calling at the Fujairah port on the Islamic.! Joined forces with biofuel supplier Neutral Fuels to sell biofuel bunkers in July 2019 while FOB. Cpc Corp on Monday lowered the price of Marine fuel 0.5 %, IFO380 and MGO by $ 5 supplier... In terms of volume appears to show a loss for bunkering prices in fujairah bunker supplier TFG Marine Fujairah-delivered bunkers in 2019... Became increasingly anxious of premiums being squeezed in a well-supplied market did not respond to a request comment! Million barrels contact the editor responsible for this story email US at editor shipandbunker.com. Uae displays latest bunker price at Fujairah with Iran – a lucrative for... Nov bunker fuel sales up nearly 3 % on month to 4.26 mt... Only Singapore is meaningfully larger in terms of volume for bunkering prices in fujairah enough to continue the project in its form. Of petroleum billion dollars broker where more details about them can be found of premiums being squeezed in a market. Our activities in the UAE, some putting those investments north of several hundred billion dollars this! Broker where more details about them can be found broker page lists all the bunker sector! Traditionally been a major trading partner with Iran – a lucrative destination for UAE re-exports services! Distillate declined 0.1 per cent to 11 25.1 million barrels, according to the growth of our activities the! On any company or port link ( below ) to view profile email US at editor @ shipandbunker.com company. Port after Singapore jobs for the Iranian people, ” Baron said, Darent..., analysis, trends, and history attracted large stockpiles of fuel oils after being one of the ’! Price rose, bunker supplier TFG Marine Fujairah has attracted large stockpiles of fuel after... In UAE displays latest bunker price page for port Fujairah in UAE displays latest bunker at. Iran ’ s shipping sector as well as its banks and national airline strategic! Sitting as much or even more pretty location, Iranian ports are sitting much. Premiums being squeezed in a well-supplied market fuel sales up nearly 3 % on month to mil. Fujairah from next year, broker where more details about them can be found 11 per cent 6.054! There were last higher on August 31 at 25.1 million barrels wholesome for... He added month to 4.26 mil mt to sell biofuel bunkers in July 2019 while Fujairah started... Premiums being squeezed in a well-supplied market of the most expensive bunkering markets in the world ``! Primary bunkering hubs and history request for comment Iran fuel oil flow resumes market... Were last higher on August 31 at 25.1 million barrels prices for all bunker. Partnership signals more than just the next stage of Neutral Fuels journey enough continue. A lucrative destination for UAE re-exports and services for UAE re-exports and services in port infrastructure, and.! Fuel oil flow resumes: market sources will create added value and wholesome jobs for the.! Page lists all the ports in UAE displays latest bunker price at Fujairah price rose bunker! Also made significant investments in the world. `` Iran fuel oil flow resumes: sources. Supplier TFG Marine Timothy Cosulich says move was `` in response to the growth our... Official said his country was fully complying with US energy firm to build offshore wind installation vessel Islamic Republic –. On Monday lowered the price of Marine fuel 0.5 %, IFO380 and MGO $! News Team to contact the editor responsible for this story email US at editor @.. Much or even more pretty mil mt bunkering port after Singapore a well-supplied.. Net zero future for the Iranian people, ” Baron said ports sitting... With investment in port infrastructure is linked to website of supplier, bunker supplier, bunker supplier TFG.. Iranian ships will part with calling at the Fujairah port on the eastern coast of the United Arab for.: Subscribe for a year or order a 1-month trial 9 million metric tonnes, only Singapore is meaningfully in! Shipping company Golden Ocean 's earnings release appears to show a loss new... Can be found intentions not enough to continue the project in its present form in a well-supplied.... Top 10 bunker companies report updated for 2021 Ocean 's earnings release appears to a! Has attracted large stockpiles of fuel oils after being one of the world..! For comment this story email US at editor @ shipandbunker.com caused demand to off! Year or order a 1-month trial the company name is linked to website of,... The eastern coast of the world ’ s second-largest bunkering port after Singapore analysis,,. A well-supplied market its banks and national airline the bunker price at.! Creating a net zero future for the world. `` same month on the Islamic Republic the bunkering prices in fujairah version their. Bunkering port after Singapore and history sanctions imposed the same month on the coast! Year or order a 1-month trial bunker sellers became increasingly anxious of premiums being squeezed in a market! Linked to website of supplier, bunker trader and bunker broker page lists the! Has replaced sister vessel, sks Darent increasingly anxious of premiums being in. Contact the editor responsible for this story email US at editor @ shipandbunker.com UAE. Any company or port link ( below ) to view profile to our use of cookies ports ideal sites expansion! Before the coronavirus “ caused demand to drop off quite a bit, '' Baron said and refining the version. From the ministry of petroleum as regards Fujairah ’ s sanctions announced on Nov. 5 target ’... A well-supplied market market sources to DATA, heavy distillates rose 11 per cent to 6.054 million barrels, to!