SINGAPORE, Oct. 21, 2019 /PRNewswire/ -- The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October. Problems listed very much mirrored requests from ship owners, managers and operators seeking assistance to handle the situation using Aderco’s products. The financial contract that settles on the monthly average of the daily assessments made by Argus, which are based on a volume-weighted average of spot fixed price LSFO bunker deals reported by 7pm each day. “Argus Bunker Index (ABI) Singapore LSFO 0.5%S is also the solution for physical bunker contracts, ensuring that buyers and sellers will pay the fair market price at the time of delivery and addressing the danger of gasoil or cargo linked contracts deviating from spot market prices. editor@manifoldtimes.com, For enquiries on oil & bunker prices indication: The bunker industry in Singapore is highly regulated and the bunker code will be revised from 1 September 2015 to further enhance the quality of bunker operations. APEX Argus Bunker Index Singapore LSFO 0.5%S futures have been launched to coincide with new IMO rules taking effect in January 2020, where ships without exhaust scrubbers are required to use fuel with a sulphur content of a maximum of 0.5%, a reduction from the current 3.5%. Correlation between the Market Bunker Price Index (MBP) vs MABUX Digital Bunker Price Index (DBP) in four major hubs on Dec.21 showed undercharging of 380 HSFO bunker grades in Singapore (-6 USD) and Rotterdam (-20 USD) and overcharging in other selected ports. The newly launched Code of Best Practices – Commodity Financing guidelines will be the new ‘reference point’ taken by banks when considering to give trade finance to trading houses, believes Ian Teo. The stocks were the lowest since April 29, when Hear about the latest developments in bunkering in Singapore and the rest of the world; Understand how bunker barges and tankers operate; Have news to share? ‘We recognise it is important to hold dialogues especially in this challenging time, to gain feedback and suggestions to make Labuan port more resilient and effective,’ says MD. Index: IFO 380: VLSFO 0.5: MGO 0.1: World [? Published: 18 November, 2019. See your browser's documentation for specific instructions. The Bunker Price Index consist of range of prices for HSFO, VLSFO, MDO and MGO turned down across the world major ports yesterday. Related: Argus ‘pleased’ on successful debut of APEX ABI Singapore LSFO Futures, Photo credit: Argus Media marketing@manifoldtimes.com, ICS FUEL 2020 webinar: ISO 8217:2017 marine fuel quality standard takes center stage in panel discussions, Singapore: Trade finance for bunkering sector ‘entering a different paradigm’, says Helmsman lead lawyer, International Safety@Sea interview: MPA shares what it means to conduct bunkering operations in the ‘new norm’, Singapore: Gealubes strengthens marine bio lubes commercial operations with new Sales Director, USD $1.49 million bunker credit sleeving dispute between Goodwood and Southernpec reaches conclusion, SGX launch of LSFO derivative contracts to increase bunker market liquidity, SGX to launch low sulphur fuel oil derivative contracts on 18 November 2019, Argus ‘pleased’ on successful debut of APEX ABI Singapore LSFO Futures, OFAC updates list with shipping and petroleum firms over Iran involvement, JLC China Bunker Market Monthly Report (November, 2020), HHI and DNV GL present green tanker solutions from joint research partnership, Shell MGO bunker heist: First ex-Shell employee to plead guilty over involvement, Fratelli Cosulich Group unveils rebranding for Monaco bunkering business, West of England partners VPS to launch bunker fuel quality advisory service, Gasum LNG bunker vessel ‘Coralius’ supplies record number of tankers in 12 hours. Bunker Prices of IFO380, IFO180, MDO, MGO-0.1%, L.S. in Ports Piraeus, Istanbul, Fujairah, Singapore, Rotterdam, Houston, Santos. BUNKER B PTE. Bulugo explained that it can now offer buyers external unsecured finance of up to USD20m under an exclusive agreement with Whitehall Finance. “This contract already trades around 1,000 lots/day on APEX (code LFA), providing price transparency and electronic trading, while the SGX contract may better suit commercial traders executing through brokers,” notes Argus Media. Discover how you can access our oil prices, news & analysis To check bunker prices for all the ports in Singapore click on Singapore. MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) rose slightly on Dec.18: 380 HSFO - USD/MT - 341.46 (+0.67) VLSFO - USD ... BUNKER SALES HOLD FIRM AT THE PORT OF SINGAPORE. Prices for marine fuel, known as bunker, in Singapore have generally risen since 2016 ahead of stricter environmental rules being enforced from 2020. contact The Company principal activity is in OPERATORS OF BARGES, TUGBOATS AND … Fuel oil 380 cSt futures prices dropped by $15.25 or 8% to $174.5 while MDO and MGO futures prices remained unchanged in Singapore market. ]: Subscribe for a year or order a 1-month trial. Click here. Find us at: Level 6, Suite 604, 50 Clarence Street, Sydney NSW 2000 Phone +61 2 8270 7300 Fax +61 2 8270 7388 sydney@dan-bunkering.com. Related: SGX launch of LSFO derivative contracts to increase bunker market liquidity World 3 [? is here to save you. The BW380 Index is a daily average dollar value index of 380 centistoke (cst) bunker fuel from the same 20 key bunkering ports used to calculate the BWI (Bunkerworld Index). Problem fuels do exist and can result in difficulties, but without adequate precautions even an on specification VLSFO has the potential to cause damage, it advises. Singapore VLSFO 0.5% Price Today USD/MT, Live & Historical Price Charts The table shows bunker price for FO380cst (Fuel Oil with viscosity 380cst, also known as Intermediate Fuel Oil) with maximum sulphur 3.5% at port Singapore in USD (US Dollars) per Metric tons (Mts). As the largest bunkering port in the world, MPA intends to position Singapore as a world leader in providing access to clean marine fuels such as LNG. Latest Singapore bunker prices, analysis, trends, and history. Follow Us On Our Preferred Social Media Platform: SGX Argus LSFO 0.5%S Singapore Bunker Index Futures now available for trading. 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