Singapore’s financial and support infrastructure for the bunkering industry is relatively more developed than its competitors’ but subtle shifts in trade patterns or arbitrage trading opportunities could change things

Shipowners can start hedging their bunker bets against a new futures contract that will be priced against a weighted average of actual bunker trades as guided by pricing agency, Argus Media 

Some shipowners are keen on methanol-fuelling systems but they are waiting until there is official confirmation, possibly next year, that there will be a new set of safety guidelines devised to support the widesread uptake of this new marine fuel

Indonesia’s national oil company Pertamina will now produce 380,000 kilolitres of 0.5% sulphur fuel oil and set up bunkering points in Tanjung Priok and Balikpapan

The first of two 7,500 cu m LNG bunkering capable tankers ordered from Keppel Singmarine was launched at Keppel Nantong in late July and both units were previously scheduled for delivery in the second and third quarters of this year