World News
Island Petroleum Adds Bunker Delivery Vessel to Limassol Operation
Marine fuel supplier Island Petroleum has added a new bunker delivery vessel to its physical supply operation at Limassol.
The company has acquired the 6,544 DWT tanker M/T Astraia to add to its fleet for operations at Limassol, it said in an emailed statement on Wednesday.
The vessel is larger than the other ships in its fleet in the area.
"This significant addition to our fleet marks an important milestone in our commitment to delivering efficient, reliable, and sustainable solutions to the global shipping community," Elena Christodoulidou, trading manager at Island Petroleum, said in the statement.
"The vessel's size and equipment will facilitate even more efficient bunkering operations, in our bid to ensure swift and reliable delivery of marine fuel oils."
Island Petroleum is a subsidiary of Island Oil (Holdings) Ltd.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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Oct 02The new hire was previously managing director of bunker trading firm Sing Fuels from March 2018 to this month. -
Oct 03The new hire was previously managing partner of Island Gulf Energy in Dubai from July 2016 to last month. -
Oct 02The new hire was previously a bunker trader for marine fuel trading firm Pacific Bunkers in Singapore from July 2012 to last month.