Dec 18 Kashagan Public Holiday- Public Holiday. 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. 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.” Major bunker ports such as Singapore are embracing LNG as a maritime fuel, an industry source said Oct. 2. And have released the latest version of their Top 10 Bunker Companies report updated for 2021. Local production Latest Singapore bunker prices, analysis, trends, and history. The ship claimed to be Singapore’s first LNG bunkering vessel was moved from land to water on 28 May. Ship & Bunker News Team The vessel is the largest LNG bunker vessel set for use in the Port of Singapore to date and will be owned by Japanese shipping line Mitsui O.S.K. ** The Singapore LNG bunker fuel price was assessed at $8.732/MMBtu, maintaining a $1.975/MMBtu spread to the JKM. SINGAPORE DATA: Nov bunker fuel sales up nearly 3% on month to 4.26 mil mt Platts Bunkerworld . Kaohsiung Taiwanese state-owned CPC Corp on Friday increased the price of IFO380 and Marine Fuel 0.5% by $7, and MGO by $5. Melaka Gateway project loses local state backing. Lines (MOL). 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. The minister said this at an LNG bunkering demonstration held at Jurong Port on … The supplier is now publishing LNG bunker price indications on a weekly basis for Rotterdam, the North Sea, the Baltic, the Mediterranean and Singapore on its website, it said in an emailed statement. 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. Major bunker ports such as Singapore are embracing LNG as a maritime fuel, an industry source said Oct. 2. 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. On 28 October 2020, MPA launched a request for proposal (RFP) for companies seeking to supply LNG bunker in the Port of Singapore. SINGAPORE DATA: Nov bunker fuel sales up nearly 3% on month to 4.26 mil mt Platts Bunkerworld . The JKM for December was assessed at $6.757/ MMBtu. Ship & Bunker News Team 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. According to FueLNG, the construction of the 7,500-cbm LNG bunkering vessel is “progressing smoothly” and is … 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. SKS Dokka has replaced sister vessel, SKS Darent. Singapore’s first LNG bunkering vessel has hit the water in Keppel Nantong Shipyard in China. 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. Used sources 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 … LNG in Europe competes with pipeline gas therefore only costs of distribution to the ship have to be added to gas price. 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. Companies Collaborate To Explore Hydrogen As A Low-Carbon Alternative For Singapore Dutch LNG supplier Titan LNG has launched a free online tool providing an overview of LNG prices delivered onboard in ... FlexFueler barge, and sea-going bunker ... Hong Kong and Singapore. The JKM for December was assessed at $6.757/ MMBtu. On 28 October 2020, MPA launched a request for proposal (RFP) for companies seeking to supply LNG bunker in the Port of Singapore. 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. Singapore is gearing up to refuel the growing number of ships powered by cleaner liquefied natural gas (LNG) instead of dirty fuel oil. Prices in the figures are yearly average prices until 2014. The price assessments will start next week for Singapore and Rotterdam.. ** The Singapore LNG bunker fuel price was assessed at $8.732/MMBtu, maintaining a $1.975/MMBtu spread to the JKM. 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).. The vessel was moved from land to water on May 28, 2020. 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, the world's largest marine refuelling hub and the only port globally that implements a licensing regime for bunkering suppliers and craft operators, currently has two LNG bunker … The JKM for December was assessed at $6.757/ 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. Prices in the figures are yearly average prices until 2014. 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. 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. Singapore LNG bunkering thrust. Even if China manages to offer VLSFO at more competitive prices after the tax rebate, FGE expects minimal volume shift from Singapore. 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. 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 … World 3 [? The move follows MPA last month issuing a Request for Proposals from prospective new suppliers, and saying it wants to add two more LNG suppliers to its market. Singapore state-owned developer Pavilion Energy has chartered its first LNG bunker vessel for the supply of LNG in the Port of Singapore. To contact the editor responsible for this story email us at editor@shipandbunker.com. 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. ]: Subscribe for a year or order a 1-month trial. Singapore LNG bunkering thrust . We provide global news, analysis and prices for the natural gas and LNG markets. Image courtesy of FueLNG. The closing date for submission of proposals to MPA is Tuesday, 15 December 2020. Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts The price assessments will start next week for Singapore and Rotterdam. A newbuilding liquified natural gas (LNG) bunker barge has been chartered by a Singaporean company for deployment in the southeast Asian bunkering hub. FueLNG has virtually named Singapore’s first LNG bunker tanker which will initially provide fuel for vessels from Shell and Hapag-Lloyd. Click here. CEO Timothy Cosulich says move was "in response to the growth of our activities in the bunker trading sector. The closing date for submission of proposals to MPA is 15 December 2020. The nosedive in marine fuel prices follows suit of dwindling oil prices that stand at below $40 per barrel. “Most vessels prefer to bunker in Singapore due to greater quality assurance and competitive pricing,” Geng adds. 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. The truck-to-ship LNG bunkering in progress at Jurong Port yesterday. Interested parties should request for a copy of the RFP document by emailing LNG_bunkering_RFP@mpa.gov.sg. 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. FueLNG is a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum and has completed 200 truck – ship LNG bunker operations in Singapore. FGE does not see China’s bunkering demand growing significantly in 2020-21. Used sources ]: Subscribe for a year or order a 1-month trial. 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. The ship claimed to be Singapore’s first LNG bunkering vessel was moved from land to water on 28 May. ]: Subscribe for a year or order a 1-month trial. Read more. The premium has been declining throughout the year. 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 MPA has launched a request for proposal for new LNG bunker supplier licence, says a press release published on their website. To contact the editor responsible for this story email us at editor@shipandbunker.com. On Oct. 1, Singapore-based licensed LNG bunker supplier FueLNG held a virtual naming ceremony for Singapore's first LNG bunker vessel -- FueLNG Bellina. 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. 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. Image credit: Sembcorp Marine. 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 … 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. 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. 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