The key factors that are worth considering when buying bunker fuel are quality, availability and price. Excluding quality, availability and the relative price paid generally tend to correlate with the lead time, which is the difference between the enquiry/stem date and the start of the delivery window.
Following the IMO2020 transition, longer lead times have become key to securing bunker fuel while paying a competitive price. Shipowners who delay stemming risk non-availability and having to burn a more expensive compliant fuel instead. Book too early and potentially face cancellation costs or delays.Read More
For decades Singapore has been the gateway to Asia, a major hub offering bunkering as well as other various shipping services. There have been a number of attempts to rival it, particularly when it comes to bunkering, however bunker sales in Singapore remain strong, at around 50 million tons per annum out of the global total of 300 million tons.
Recently, however, certain developments in China and particularly around Zhoushan mean, while unlikely to fully rival Singapore, it may become an attractive bunkering alternative for some.Read More
- Fuel oil tightness means shipowners pay more for bunkers in ARA
- Market Intelligence Podcast – Oil fundamentals and impact on the bunker market
- Market Intelligence Podcast – Episode 15
- Oil Fundamentals are tightening and prices rising, but if and when will we see $400 or even $500 VLSFO Prices
- Market Intelligence Podcast – Episode 14