World News
Vladivostok Sees Bunker Sales Grow 57% YoY, but They're Still a Fraction of 2015 Volumes
The Administration of Seaports of Primorsky Territory and Eastern Arctic says total bunker sales at the port of Vladivostok and its offshore terminals was 211,900 tonnes in the January-April 2017 period - a 57 percent year on year increase from 135,300 tonnes during the same period of 2016, IAA PortNews reports.
Overall, the number of bunkering operations is reported to have increased from 972 to 1001 during the period.
Meanwhile, 38,800 tonnes of the volume sold is said to have been sold at the port's offshore terminals, with the rest sold at the port itself.
Sales of heavy fuel oil totalled approximately 171,400 tonnes of the total volumes sold during the January - April period.
While the increase will certainly be welcome, volumes are still a fraction of what they were as recently as 2015, when bunker sales for the five month January to May period totalled 460,000 tonnes.
As Ship & Bunker reported last year, the sharp decline in Russia's Far East market as a whole was said to be due to changes in to the way Russian authorities applied tax to bunker sales.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| 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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