The initial firm three vessels will deliver in January, March and May 2023, and the optional vessels would be handed over within the second and third quarters of 2023.Jiangnan have designed the new Panda Class vessels with patented ‘Brilliance Technology’ to improve hull efficiency and lower consumption…. On the basis of historic growth analysis and current scenario of 3D Concrete Printing market place, the report intends to offer actionable insights on global market growth projections. Marine gas oils are used, Bunker Fuel Oil Market Report for Period 2018 till 2024 World Fuel Services, Bun …, Global Bunker Fuel Oil market report emphasizes on detailed analysis of companies and manufacturers like Bright Oil, Sinopec, Gazpromneft, GAC, China Changjiang Bunker (Sinopec), Southern Pec, Lukoil-Bunker, China Marine Bunker, Shell, Exxon Mobil, BP, World Fuel Services, Bunker Holding, Total Marine Fuel, Chemoil and Others. Puranik concludes: “The pandemic has created new problems for shippers and refiners alike. Seven months after the United Nations' shipping agency brought in hotly anticipated new rules to curb emissions, the raft of technical issues and leap in fuel prices that were expected to result have failed to materialize, ING Bank said on Tuesday.Global shipping and oil firms had flagged major concerns over potential disruptions from International Maritime Organization (IMO) rules implemented at the start of 2020, which capped marine fuels' sulphur content at 0.5% against 3.5% previously.However, shipping and marine fuel suppliers say expected technical issues, such as damage to engines from, Global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said.Third-quarter supply is estimated to rise by 620,000 barrels per day (bpd) from the second quarter as China and Brazil increase production, according to consultancy Energy Aspects.This comes as inventories across key marine refueling hubs recently reached all-time highs, depressing bunker fuel prices and refiners' margins and dashing hopes for a profitable year for sellers of low sulfur fuel that, The new chief executive of Trafigura's marine fuels joint venture TFG Marine will leave the business at the end of September, the company said on Monday without disclosing the reason for his departure.Anders Gronborg was appointed CEO in April after ending a 27-year career at World Fuel Services in 2018.The company and Gronborg have agreed to part in a "mutually agreed exit", a company spokeswoman said in an emailed statement, adding that his last day will be Sept. Singapore's jet fuel crack at 9-month high on hopes of aviation recovery The Singapore front month jet fuel/kerosene derivative crack spread against Dubai crude swaps -- a measure of the product's relative strength to crude -- reached a nine-month high at the Asian close on Dec. 18 due to renewed hopes that the aviation sector was due to see a steady, albeit slow, recovery, industry … Authenticated data presented in report is based on findings of extensive primary and secondary research. Transits through the Suez Canal, the beating heart of the Egyptian economy, have stayed remarkably resilient to the fallout of the COVID-19 pandemic if judging by total transits of the three commercial shipping sectors which are up 8% year-on-year. Tourism in Mauritius - a popular destination for its pristine beaches - reportedly contributed about $1.6 billion to its economy during the last year…. Keppel O&M’s technology arm…. Very-low sulfur fuel oil did not witness demand as a bunker fuel till 2019. Firm low sulfur marine fuel demand lifts Sudanese crude premiums to 8-month high First-half December loading Dar Blend was heard to have last traded at parity to small premiums to Platts Dated Brent, FOB. Authenticated data presented in report is based on findings of extensive primary and secondary research. The vessel also functions as an LNG bunkering vessel (LBV), making it the first in South East Asia to do so, Keppel said.Avenir Advantage is the first of two such vessels that Keppel O&M is building for Avenir LNG. In March, the average value … Renewable/Bio Jet Fuel MARKET FUTURE SCENARIO, KEY INDICATORS, GROWTH RATE, INDU …, A recent market research report added to repository of Coherent Market Insights is an in-depth analysis of “Global Renewable/Bio Jet Fuel Market”. This is despite bleak economic growth prospects world-wide following the pandemic, and highlights that shipping remains the backbone of the global economy.It is often said that a picture says more than 1,000 words, but 6,166 ship transits in the Suez Canal can certainly also tell an interesting tale. The Maritime and Port Authority of Singapore (MPA) has awarded two new bunker supplier licences to Minerva Bunkering and TFG Marine, following … Singapore has suspended the licenses to sell ship fuel held by a subsidiary of defunct oil trader Hin Leong Trading Pte Ltd since it could no longer meet the licensing requirements, the Maritime and Port Authority of Singapore (MPA) said on Monday.The MPA suspended the licenses for Hin Leong's subsidiary Ocean Bunkering Services Pte Ltd (OBS), an agency spokesperson said in an emailed response to questions from Reuters sent on Oct. 12.MPA typically issues licenses to supply bunker…, Sales of marine fuel from the Chinese port of Zhoushan, the country's top supplier of shipping fuel, in the first nine months of 2020 rose nearly 18% from a year earlier, a local government official said on Wednesday.Zhoushan supplied 3.26 million tonnes of bonded marine fuel from January to September, the official said, declining to be identified since he is not a spokesman.China aims to build Zhoushan, an archipelago city in east China's Zhejiang province, into a regional ship fuel hub to rival Singapore as the world's largest shipping, or bunker, fuel center.But marine fuel demand took a hi, Keppel Offshore & Marine has delivered its first liquefied natural gas (LNG) carrier, Avenir Advantage, to Avenir LNG. The "South America Bunker Fuel Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The fuel represents 76% of bunker sales in Panama. Singapore sold a record volume of 380 CST low sulfur fuel oil (LSFO) bunkers in September, lifting its total marine fuel sales to a six-month high of 4.22 million mt in September, preliminary data from the Maritime Port Authority of Singapore (MPA) on Tuesday showed. However, the deadline for IMO 2020 led to an increase in the market for VLSFO. On Wednesday the European Commission published a report titled 'Sustainable and Smart Mobility Strategy', setting out suggested changes in transport policy. This report has been prepared by experienced and knowledgeable market analysts and researchers. The Bunker Alerts highlight a specific parameter, that is raising concerns and making an impact on fuel quality. The 7,500m3 LBV was built at Keppel Nantong Shipyard in China and is equipped with engines that can run on both diesel and LNG. Insights drawn from data serve, Covid 19 Analysis Analysis : Still Drinks MARKET RISING ADOPTION FROM SMALL, MED …, Coherent Market Insights has recently added a research report titled, “Global Still Drinks Market Report, History and Forecast 2015-2026, Breakdown Data by Companies, Key Regions, Types and Application“. This report has been prepared by experienced and knowledgeable market analysts and researchers. The prevailing premiums for December indicated a dip in valuations for IMO-compliant marine fuel compared to November. DEC 4, 2020 - DUBLIN--(BUSINESS WIRE)--Dec 4, 2020--The "Europe Bunker Fuel Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.The bunker fuel market in Europe is expected to grow at CAGR of more than 10% during the forecast period of 2020-2025The increasing preference of LNG-based … "The Board…. While sales of 380 CST marine fuel oil bunkers stood at 995,000 mt in November, 10,000 mt less than the highest volumes so far in 2020 in October, high sulfur bunker suppliers pointed to the advantages Singapore offers shipowners as a bunkering hub for the grade. Players, Pectin Market Up-To-Date Analyses of Industry Trends, Technological Improvements …, Coherent Market Insights has recently added a research report titled, “Global Pectin Market Report, History and Forecast 2015-2026, Breakdown Data by Companies, Key Regions, Types and Application“. The Bunker Fuel Market research report is a useful source of direction and guidance. Refiners have to contain with low demand for fuels, overflowing storages, and disruptions to ongoing expansion works. From January 1, … The simultaneous supply and demand shocks have sent bunker prices racing towards previous low levels with very low-sulphur fuel oil (VLSFO) trading at USD 246 per MT on 5 May 2020 in Singapore. 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 … This number could increase to 1,000 vessels globally by 2030, said Mohd Rafe Mohamed Ramli, head of global LNG bunkering at Petronas Marine.The shipping industry has been under pressure to reduce carbon emissions…, Global demand for marine fuels is expected to fall by up to 17% due to the impact of the coronavirus pandemic on world trade, setting the stage for more consolidation among bunker suppliers, an industry executive told a conference on Wednesday.Banks scaled back on their commodities trade finance after the coronavirus crisis led to defaults by some trading houses and exposed a series of frauds, leaving small and medium-sized firms most exposed.Unni Einemo, director of the International Bunker Industry Association (IBIA), said firms were contending with low demand, low margins, ample supplies, i, The Sri Lankan navy said on Tuesday an oil slick had been spotted a kilometer from a loaded supertanker carrying roughly 2 million barrels of oil that has been engulfed in intermittent fires since an explosion on September 3.Oil from the engine room of the 20-year old New Diamond tanker “appears to have leaked out to the sea” following regular bouts of water-dousing by fire-fighting vessels, the navy spokesman said.The oil slick has raised concerns about the potential of further leakage from the cargo holds…, The ongoing oil pollution incident from the grounded 203,000 DWT bulk carrier MV Wakashio is threatening an ecological catastrophe around the Indian Ocean island of Mauritius, endangering corals, fish and other marine life already under threat from climate change (IPCC 2018).In addition, it risks bringing devastating consequences for the economy, food security, health and tourism industry. 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