Asia/Pacific News
Malaysia's PSP Energy Subsidiary to Acquire Bunker Vessel
Malaysia’s PSP Energy subsidiary PSP Marine (M) Sdn is set to acquire a bunker vessel for RM 5.5 million ($1.4 million).
The vessel, Ryokyo Maru No. 2, is being purchased from Japan’s Kyokai Kaiun Co through Eastern Marine Corporation, as per an exchange filing on Wednesday.
The 2003-built vessel has a gross tonnage of 1,552 dwt and a cargo capacity of about 2.5 megalitres.
PSP Energy said the acquisition will expand its bunker fleet from three to four vessels, increasing total carrying capacity from about 2.4 megalitres to 4.9 megalitres and supporting the company’s bunkering business expansion.
Delivery of the vessel is expected to take place in June 2026 in Onomichi, Japan, and the vessel will be registered in Malaysia after acquisition.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 1120.50 | 35.00 | 1920.00 | 140.50 |
| Rotterdam | 751.00 | 24.50 | 1140.50 | 7.50 |
| Houston | 743.00 | 26.50 | 1128.50 | 3.50 |
| Fujairah | 1088.50 | 36.00 | 1630.00 | 116.50 |
| APAC Average | 1137.00 | 21.00 | 1671.50 | 87.50 |
| Global 20 Ports Average | 1022.50 | 17.50 | 1477.50 | 37.50 |
| Global 4 Ports Average | 925.50 | 18.00 | 1455.00 | 65.50 |
| Global Average Bunker Price | 1012.00 | 33.00 | 1450.00 | 44.00 |
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