World News
Policy Shift Could Signal "New Age" for Russian Far East Bunker Market
A policy shift resulting from order number 68 issued by Russia's Ministry of Transport could signal a "new age" for the Russian Far East bunker market, Tranzit-DV Group has noted.
"Since October 16 and onwards, the harbour master of port Nakhodka officially informed suppliers and agents about ban of any cargo operations at inner port anchorage points," said Tranzit-DV Group.
"It is stated, that any cargo operations at anchorage in Russian ports can be done only in special harbor transshipment centers/hubs (special point in harbor, which has supporting and agreed technical, ecological and other documents confirmed by authorities).
"Therefore, bunker supply without cargo operations is a subject of export taxation."
Tranzit-DV Group says Slavyanka, where earlier this year it launched a new floating transhipment centre, is at present the only Russian Far East port that is properly equipped with official transshipment hub facilities.
"At the moment all bunker and cargo operations are going smoothly without changes or interruptions (any type of cargo is allowed)," it said of operations at the facility.
Earlier this year Aleksander Saenko, Deputy Director of the group's Singapore subsidiary Tranzit DV Singapore Pte Ltd, told Ship & Bunker that its new floating transhipment centre at Slavyanka could help double bunker volumes at the port.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 6.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 618.00 | 11.50 | 802.50 | 6.50 |
| Fujairah | 642.00 | 5.50 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
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