World News
Rotterdam to Visit Singapore as Port Mulls Mass Flow Meter Use for Bunkering
The Port of Rotterdam this year plans to visit Singapore as part of its investigations into the use of Mass Flow Meter (MFM) technology for bunkering, a spokesperson for the Port of Rotterdam has told Ship & Bunker.
"Our plans regarding MFM's are still very preliminary," the spokesperson noted, adding that a timeline for the visit had not yet been decided.
It was also too early to comment on what the Port saw as the various merits or potential drawbacks of MFMs, they said.
However, Ship & Bunker understands that in addition to looking at a system of mandatory MFM use, introducing a system of incentives to promote the use of MFMs is another option up for consideration.
On January 1, 2017 Singapore became the first port in the world to mandate the use of MFMs for MFO bunkering, and remains the only port in the world to have done do.
While MFMs are generally considered to make the bunkering process faster and more accurate compared to traditional methods, some worry that by passing on the cost of using the technology on to bunker buyers, it could put "MFM ports" at a commercial disadvantage to nearby competing ports.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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