World News
Neste, AS Tallink Grupp Renew Low Sulfur Bunker Supply Deal
Neste and AS Tallink Grupp announced Wednesday they have agreed to continue their partnership agreement to supply low-sulfur marine fuel to Tallink Grupp's Finland-domiciled ferry services.
"The environmental and technical qualities of the product and the reliability of Neste as a supplier have been convincing. We also appreciate Neste's expertise in logistics...Fuel deliveries with the bunkering vessel Lotus have been fast, safe and on time," says Captain Tarvi-Carlos Tuulik, Head of Ship Management at AS Tallink Grupp.
"We are happy to say that Neste's marine fuel solution meets our needs."
Tallink says it operates 18 vessels and provides services to 9 million passengers annually under the brands "Tallink" and "Silja Line" in the northern Baltic Sea.
Neste says it provides low-sulfur marine fuels in all major ports in Finland with deliveries by truck, bunkering vessel or ex-pipe.
"We are very pleased to continue our cooperation with Tallink Grupp...Our high-quality, low-sulfur marine fuels fulfill the new requirements and deliver clear environmental benefits", says Antti Tiitola, Executive Vice President for Oil Retail at Neste.
In December 2014 Ship & Bunker reported the original deal to provide low-sulphur fuel to Tallink.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 567.50 | 3.50 | 700.00 | 14.50 |
| Rotterdam | 512.50 | 4.00 | 695.00 | 17.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 562.50 | 2.50 | 755.00 | 0.00 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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