World News
Singapore Bunker Player Sentek Buys Second VLCC
Tuesday January 31, 2017
Singapore bunker supplier Sentek Marine & Trading Pte Ltd (Sentek) has purchased a very large crude carrier (VLCC), Splash 24/7 reports.
Shipbrokers say Sentek purchased the 301,300 DWT OS Concord at $16.5 million.
According to VesselsValue, Sentek has a second VLCC already in its fleet, as well as 17 smaller tankers.
As Ship & Bunker reported earlier this month, the Maritime and Port Authority of Singapore's (MPA's) list of Singapore's biggest suppliers by volume for 2016, Sentek moved up one place this year to replace BP in the number two spot
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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