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Residual Markets
Sharmilpal Kaur, Associate Editorial Director
June 12, 2013
Source: MPA
SINGAPORE FEB VESSEL ARRIVALS FOR BUNKER FUEL AT 2-YEAR LOW OF 2,898
SINGAPORE FEB BUNKER FUEL SALES VOLUME AT 3-YEAR LOW OF 3.08 MIL MT
Singapore (Platts)--13Mar2013/431 am EDT/831 GMT
Singapore's bunker fuel sales volume in February fell to three-year low of 3.08 million mt, down
18.8% from January and down 0.5% year on year, according to data released Wednesday by the
Maritime and Port Authority of Singapore.
Last month's volume was the lowest since February 2010 -- when bunker fuel sales stood at 3.02
million mt -- and follows sales of 3.79 million mt in January this year -- an eight-month high.
--Goh Shu Hui, shu_hui_goh@platts.com
--Edited by Deepa Vijiyasingam, deepa_vijiyasingam@platts.com
Source: IE Singapore
Source: IE Singapore
5
0
-5
-10
-15
-20
-25
9
-5
-10
-15
-20
-25
-30
10
Source: Platts
11
12
Source: IE Singapore
13
Several changes including reduction in the aluminum and silicon content in residual
marine fuels.
In the RMG 380 and RMK 380 specification a maximum metals content of 60 ppm
has been introduced from the current 80 ppm.
The new standard, among other revisions, reduces the maximum permissible level of
aluminum and silicon in bunker fuel. The new limits range from 25 mg/kg for 10 CST
residual fuel grade to 60 mg/kg for the highest 700 CST grade. The current maximum
limits range from 25 mg/kg to 80 mg/kg for 30 CST to 700 CST.
The new standard also specifies that marine fuel can contain only a maximum 2
mg/kg of hydrogen sulfide. There is no standard for hydrogen sulfide in the current
8217:2005 standard. Sources in the Asia fuel oil market have generally said that they
expect the new specifications to cost between $0.50/mt and $6/mt more than fuel oil
currently being sold in the market.
Some ship-owners strongly prefer the new ISO specification, which they believe will
be easier on engines, while others still take bunker fuel that doesn't follow the new
standards -- preferring instead to get a cheaper value.
Unit
Limit
Platts
180
Platts
380
Density at 15 C
kg/m
Max
0.991
0.991
0.991
0.991
Viscosity at 50C
mm/s
Max
180
380
180
380
Water
% V/V
Max
0.5
0.5
0.5
0.5
% m/m
Max
18
18
% m/m
Max
16
18
Sulfur
% m/m
Max
3.5
statutory requirements
statutory requirements
Ash
% m/m
Max
0.1
0.1
0.1
0.1
Vanadium
mg/kg
Max
200
300
350
350
100
100
Sodium
Flash point
Min
66
66
60
60
Max
24
24
30
30
Max
30
30
Aluminium + Silicon
mg/kg
Max
80
80
60
60
Total Sediment,Potential
% m/m
Max
0.1
0.1
0.1
0.1
Zinc
mg/kg
Max
15
15
Phosphorus
mg/kg
Max
15
15
Calcium
mg/kg
Max
30
30
Source: Platts
17
Source: Platts
20
Source: FEPC
21
Source: Platts
22
Properties
Specific Gravity at 60/60 deg F
Kinematic Viscosity at 140 deg F
Viscosity Redwood at l/140 deg F
Sulphur Content
Carbon Conradson Residue
Water Content
Ash Content
Flash Point PMCC
Pour Point
24
25
Laffan Refinery 2,
146 kbd, 2016
Rabigh, phase 2,
upgrade work,
2016
26
27
A third of total
global oil output
Major suppliers to
east and west of oil
products
Gateway port to
the Arabian Gulf /
Hub for the Indian
Ocean
28
29
30
Vopak Horizon terminal, which has close to 50% of the emirates total
storage capacity, has seen its throughput rise 20-25% since 2010 to around
25 million mt in 2012.
32
= closed
= for sale/
sold
33
MARPOL Annex VI
Date
Sulfur Cap
Reach
Before Jan 1,
2012
4.5%
Globally
Jan 1, 2012
3.5%
Globally
Jan 1, 2020
0.5%
Globally (subject to
review in 2018)
Jan 1, 2025
0.5%
Globally if not
implemented in
2020
Date
1.5%
1.00%
0.1%
Over 30
28-30
15-22
New build - 14
Questions/comments?
Sharmilpal.kaur@platts.com