World News
SIBCON 2024: IBIA Welcomes Singapore's Mandatory e-BDN Plans
Bunker industry body IBIA has welcomed Singapore's plans to mandate the use of electronic bunker delivery notes for deliveries in its waters.
Singapore's authorities announced during the Sibcon industry event last week that the use of e-BDNs would be mandatory from April 2025, following their introduction on a voluntary basis since November 2023.
IBIA supports Singapore's decision, Executive Director Alexander Prokopakis told Ship & Bunker on the sidelines of Sibcon last week.
"We welcome anything that can bring more transparency to the industry," Prokopakis said.
"Our members will back this."
IBIA has also been a strong supporter of the use of mass flow meters since Singapore started mandating their use from 2017. The organisation has been campaigning for other authorities around the world to follow Singapore's example.
Prokopakis will deliver an opening speech and moderate a panel session at the IBIA Annual Convention 2024 in Athens next month. The event and a set of training courses beforehand are being held at the Marriott Hotel from November 4-11.
For more information and to register for the event, click here.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 548.00 | 0.50 | 677.50 | 2.00 |
| Rotterdam | 513.00 | 0.50 | 649.00 | 3.00 |
| Houston | 544.50 | 2.50 | 675.00 | 4.00 |
| Fujairah | 541.50 | 2.50 | 744.00 | 3.50 |
| Global 20 Ports Average | 572.00 | 2.50 | 758.00 | 2.50 |
| Global 4 Ports Average | 536.50 | 1.50 | 686.50 | 3.00 |
| Global Average Bunker Price | 624.00 | 2.50 | 801.00 | 3.50 |
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