World News
SGMF to Release Guidelines for LNG Bunkering
The Society for Gas as a Marine Fuel (SGMF) is this month expected to release guidelines on the principles of Liquefied Natural Gas (LNG) bunkering, Tradewinds reports.
The London based industry body has put together the document focussing on the bunkering supply operation between the delivery unit (whether truck or ship) and the receiving vessel, or as described by the body's General Manager Mark Bell, "from flange to flange."
The new document will follow SGMF's introductory guide to gas as a marine fuel, published this week, but will only be available to members, so far numbering 75 according to Tradewinds.
Bell described the new guidelines document as "reasonably prescriptive" but said it would be up to member companies to decide how these were implemented.
"The work we are doing will change the way the industry works," said John Saunders, SGMF's Brand, Marketing and Membership Manager, recently of the society's ambitions.
SGMF was initially set up last year but will hold a global launch at this month's SIBCON 2014 conference in Singapore.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 641.00 | 4.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 629.50 | 2.00 | 802.50 | 6.50 |
| Fujairah | 647.50 | 2.00 | 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 |
Popular Now More
-
Apr 22The 46,000 DWT MR2 chemical tanker Green Land was arrested at about 3:30 PM on April 17. -
Apr 22Iranian fuel oil has been widely reported to have been resold in the bunker markets of ports in the region for years, as well as being exported further afield. -
Apr 23The ship had come to Singapore from St Petersburg.