World News
Vitol to Jointly Market Physical Bunker Locations as V-Marine Fuels
Effective Monday June 3, 2013, Vitol Group say it's physical bunker supply locations are being marketed as part of the V-Marine Fuels portfolio.
Under the terms of the agreement, Vitol's physical bunker supply operations in the ports of Singapore, Tanjung Pelapas (Malaysia), Fujairah and Khor Fakkan (UAE), all German ports with hubs in Hamburg and Bremerhaven (Germany) and Canaveral, Miami (USA) will be added to V-Marine Fuel's existing physical supply locations in the Thames, English Channel and Northern France (UK & Northern France), Amsterdam, Rotterdam, Antwerp & Zeebrugge (Netherlands & Belgium) and Houston (USA).
V-Marine Fuels was launched by Cockett Group in March 2013, and formed from the separation of its trading and physical supply activities.
Half of Cockett Group was purchased by Vitol last year as part of their merger with Grindrod.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 509.00 | 4.50 | 623.00 | 3.00 |
| Rotterdam | 463.00 | 7.00 | 623.50 | 2.00 |
| Houston | 471.50 | 4.50 | 627.50 | 3.50 |
| Fujairah | 501.00 | 4.50 | 714.00 | 1.00 |
| Global 20 Ports Average | 529.00 | 2.50 | 714.50 | 2.50 |
| Global 4 Ports Average | 486.00 | 3.00 | 647.00 | 2.50 |
| Global Average Bunker Price | 572.50 | 2.00 | 753.00 | 2.00 |
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