Monjasa Begins Bunkering Operations in Singapore
Marine fuels trader and supplier Monjasa announced it has commenced supply operations in the Port of Singapore, the world’s largest bunkering hub.The Danish-based company said its Singapore operation now has one tanker in full service and that it expects to add two more tankers later this year.Morten Østergaard Jacobsen, Managing Director Asia, said, “Coming from 15 years as a trading company in Singapore, Monjasa is all set to embrace this new opportunity of controlling tonnage as well.
Bunkering at UAE's Fujairah Plummets in May
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 was made worse by slowing global trade because of the coronavirus pandemic, four trade sources said.Fujairah's ship refueling, or bunkering, volumes shrank to about 200,000-300,000 tonnes in May, down from average volumes of about 700,000-800,000 tonnes, said the sources with knowledge of the regional trade who declined to be identified."It's all things COVID…
War Risk Costs Impact UAE Bunkers, Singapore benefits
Shippers trying to minimise time in the Middle East after oil tanker attacks pushed up insurance costs are scaling back purchases of marine fuels from the United Arab Emirates' (UAE) Fujairah oil hub, trade sources said.Instead, they are turning primarily to Singapore, the world's top refuelling hub, to buy marine fuels, also known as bunkers, with some diverting to smaller bunkering ports, including in India and Sri Lanka, the sources said.A tonne of 380-centistoke (cst) high…
Exxonmobil Signs Agreement
EXXONMOBIL Marine Fuels (EMMF), the world's largest supplier of marine fuels, has signed a supply agreement with NT Marine of Estonia, the biggest marine fuels trader in the region extending from Tallin in Estonia to St. Petersburg in Russia. The agreement initially covers St Petersburg and all the main ports in Estonia, including Tallin, Muuga, and Paldiski. to cover other ports, depending on industry developments in the region. EMMF will be supplying a full range of marine fuels products. And existing EMMF customers will be given priority in terms of fuel purchases in the region transacted through NT Marine, which is able to offer an in-line blending barge service to fuel purchasers.
