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 In favour of a move into renewables market. 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. 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 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. But the coronavirus “caused demand to drop off quite a bit,” Baron said. However trade has been dwindling between the two countries, falling to $17 billion in 2017 from a peak of $20 billion in 2013. Platts Bunkerworld . The bunker price page for port Fujairah in UAE displays latest bunker price at Fujairah. 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. 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. WeWork, 199 Bishopsgate, London, EC2M 3TY or Rambla Josep Tarradellas 1, Bajos D2, Castelldefels 08860 The company name is linked to website of supplier, trader, broker where more details about them can be found. 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 Energy company Uniper has joined forces with biofuel supplier Neutral Fuels to sell biofuel bunkers in Fujairah from next year.. Fujairah – strategic location. 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. 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. Platts began assessments for Fujairah-delivered bunkers in July 2019 while Fujairah FOB started in January 2019. Our oil products should not go the UAE and for fuel, Iranian vessels should be supplied by our own storage sites,” he added. Ship & Bunker News Team No impact on Fujairah bunkering after barge collides with LPG vessel. Published 5 September 2019 . “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. Iranians have also made significant investments in the UAE, some putting those investments north of several hundred billion dollars. 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. 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And have released the latest version of their Top 10 Bunker Companies report updated for 2021. Fujairah bunker fuel quality improves after Iran fuel oil flow resumes: market sources. Fujairah Bunker company, bunker supplier, bunker trader and bunker broker page lists all the bunker companies in Fujairah in alphabetical order. Fujairah and Dubai have traditionally been a major trading partner with Iran – a lucrative destination for UAE re-exports and services. 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. Although price rose, bunker sellers became increasingly anxious of premiums being squeezed in a well-supplied market. 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 To check bunker prices for all the ports in UAE click on UAE. By continuing to use this site, you agree to our use of cookies. “In this regard, we need more cooperation from the ministry of petroleum. Middle distillate declined 0.1 per cent to 6.054 million barrels. 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. It is currently the world’s second-largest bunkering port after Singapore. 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.. 0.1 per cent to 6.054 million barrels ships will part with calling at the Fujairah on! Anxious of premiums being squeezed in a well-supplied market supplier TFG Marine site... 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