World News
UK P&I Links Jet Fuel Blending Into Bunkers to Flash Point Problems
The practice of using jet and automotive fuels as blend stocks for bunkers may be leading to flash point problems, according to insurance association the UK P&I Club.
It is now 'widely acknowledged' that jet and automotive fuels are being blended into bunkers, the firm said in a statement on its website Wednesday.
"In VLSFO, the prime indication of this new practice is a general reduction in viscosity and density," the association said.
In the note the company linked this with reports of 'a significant uptick' in fuels found to be off-specification because of a flash point lower than the minimum in Singapore and the Middle East.
But in Europe at least, market sources told Ship & Bunker earlier this week that media reports of jet fuel ending up in bunkers are likely to have been overstated, with the practice being not particularly widespread.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 565.50 | 4.50 | 678.50 | 4.50 |
| Rotterdam | 512.00 | 3.50 | 676.00 | 9.00 |
| Houston | 552.00 | 3.00 | 682.00 | 4.00 |
| Fujairah | 555.50 | 7.50 | 753.00 | 1.50 |
| Global 20 Ports Average | 583.50 | 4.00 | 762.50 | 2.50 |
| Global 4 Ports Average | 546.50 | 4.50 | 697.50 | 2.50 |
| Global Average Bunker Price | 632.50 | 2.00 | 811.00 | 1.50 |
Popular Now More
-
Nov 27The company is looking for candidates with shipping industry experience and strong negotiation skills. -
Nov 27Nick Papanikolopoulos has joined the company as head of credit and compliance in Piraeus. -
Nov 26The company has hired Mike Parrent, formerly marketing manager for Bomin before its acquisition by Minerva Bunkering earlier this year, as its new physical desk manager in Houston.