As Australia-Asia Trade Grows, So Too Does Bunker Use

Tuesday, February 21, 2012

OW Bunker confirmed an increase in demand for bunkers across the Pacific Islands, resulting from a further strengthening in trade between Australia, China, Indonesia and India and further growth in the domestic cruise industry.

OW Bunker Australia, which acts as the OW Bunker Group's purchasing centre for the region, has reported that the Pacific Islands are experiencing an increase in demand for marine fuel as Australia's commodities markets and marine tourism industries continue on a positive growth trajectory. OW Bunker has confirmed that availability of both 0.1% MGO and 3.5% fuel oil across the region is sufficient to meet demand, with a strong supply infrastructure throughout the Pacific Islands.
“Australia's economy in particular remains robust, with an influx of international investment in commodities such as iron ore and LNG significantly boosting trade from and across the region," said
Stefan Poulus, Branch Manager, OW Bunker Australia. "We have seen growth in several key bunker ports, with Port Moresby in Papua New Guinea providing a good alternative for bunkers on the Australia and New Zealand to Asia route. Increased cruise traffic has also fuelled demand across the Pacific Islands, particularly in New Caledonia, Fiji and French Polynesia. Projections for the cruise industry, particularly between Australia and New Zealand are strong, with a predicted 20% increase in traffic in the next few years, so we can anticipate that demand for bunkers will increase in line with this.” 
The recent announcement of a US$2.9 billion investment from Rio Tinto in Western Australia's Port of Cape Lambert is expected to enhance the port's capacity for the export of iron ore to 203 million tonnes annually by 2015. The Great Lakes Dredge and Dock Corporation (GLDD) has also announced a US$180m contract tied to Chevron's Wheatstone LNG Project, which is expected to further strengthen Australia's output and trade with Asia in particular, as the biggest consumers of Australian LNG. 

People & Company News

MN100: MarineCFO

The Company: Founded in 1992, UA Business Solutions was a pioneer in the field of Enterprise Resource Planning (ERP) and an early Microsoft Partner. The ERP evolution

MN100: All American Marine, Inc.

The Company: All American Marine Inc. was founded in 1987 and specializes in the construction of custom tailored aluminum boats from 30 to 150 feet LOA. Today,

Five Minutes with Paul Switzer

Five minutes with Paul Switzer - Manager, Shipbuilding & Offshore, Viega   For readers not familiar with Viega, please give a ‘birds eye’ view, putting the company

Fuels & Lubes

US Navy Ships Conduct Astern Replenishment-at-sea

“While replenishments-at-sea are routine, astern refueling is unique and requires precise navigation and coordination,” said Lt. Cmdr. Jason Ileto, fleet replenishment scheduler for Commander,

Lucas Marine, Harbor Breeze Cruises Partner to Cut Fuel Costs

Lucas Marine is partnering with Harbor Breeze Corporation to help reduce the yacht charter and cruise company's fuel costs, maintenance and environmental impact in Los Angeles and Long Beach Harbors.

MN100: Klüber Lubrication NA LP

The Company: Klüber Lubrication is one of the world’s leading manufacturers of specialty lubricants, offering high-end tribological solutions to virtually all industries and markets worldwide.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0947 sec (11 req/sec)