Asia/Pacific News
Gulf Marine Expands Marine Lubricants Supply in China's Fujian Province
Marine lubricant supplier Gulf Marine has expanded its bonded marine lubricant supply in China’s Fujian province, adding new service points at terminals in Putian, Ningde and Fuqing.
This extends coverage across 14 additional operational terminals, alongside four chemical product terminals and two container and bulk cargo facilities in the region, the company said in a LinkedIn post on Thursday.
The company aims to improve supply resilience and ensure more responsive deliveries for vessels operating along China’s southeast coast.
Earlier this year, Gulf Marine inducted its first-owned lubricant supply barge, Reliable I, in Singapore.
The vessel has a cargo capacity of 1,058 kilolitres and features an IMO tier III-compliant Mitsubishi high-speed engine.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 795.50 | 70.00 | 1670.50 | 203.50 |
| Rotterdam | 671.00 | 73.50 | 1277.00 | 223.00 |
| Houston | 899.00 | 20.00 | 1304.50 | 155.50 |
| Fujairah | 779.50 | 66.50 | 1684.50 | 54.00 |
| APAC Average | 1063.00 | 33.00 | 2057.00 | 125.00 |
| Global 20 Ports Average | 919.00 | 53.00 | 1670.00 | 173.50 |
| Global 4 Ports Average | 786.00 | 58.00 | 1484.00 | 159.00 |
| Global Average Bunker Price | 1017.00 | 40.00 | 1757.50 | 102.50 |
Popular Now More
-
Apr 08A tanker, a dry bulk carrier and a chemical tanker were arrested on behalf of different law firms from March 31 to April 3. -
Apr 06A container ship reported multiple splashes from unknown projectiles near the ship on Sunday. -
Apr 08A pumping station on the pipeline was hit by a drone at about 1 PM local time on Wednesday.