World News
Bunker Salvage Down 14 Percent in 2012
Members of the International Salvage Union (ISU) recovered 105,058 tonnes of bunker fuel in 2012, down 14 percent from the previous year, according to results of the group's annual Pollution Prevention Survey.
Despite the drop, bunkers still represented more than half of salvaged commodities in the oil sectors as the amount of oil cargo recovered dropped 59 percent to 104,665 tonnes.
The organisation said that oil recovery is highly variable since so much can be carried on one ship, noting that all the oil salvaged in 2012 came from one cargo.
"This annual survey shows that our members have salved a huge quantity of potentially polluting products - more than 800,000 tonnes," said ISU President, Andreas Tsavliris.
"This year we have made sure that all potentially polluting cargo is recorded - including bulk coal and ore.
"Not all of the potential pollutants which were salvaged were at imminent risk of spilling into the sea but there can be no doubt that our services have been of great benefit in helping to protect the marine environment from potential damage."
Overall, the quantity of products salvaged rose 63 percent to 810,068 tonnes, which ISU said was largely due to the recovery of "a small number of substantial coal cargoes."
One of the more notable salvage operations of 2012 was the recovery of cargoes from the MV Rena, which sank near the port of Tauranga, New Zealand in October 2011.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 7.00 | 617.00 | 6.00 |
| Rotterdam | 455.00 | 8.00 | 619.50 | 4.00 |
| Houston | 467.00 | 4.50 | 625.00 | 2.50 |
| Fujairah | 495.00 | 6.00 | 712.50 | 1.50 |
| Global 20 Ports Average | 524.50 | 4.50 | 710.50 | 4.00 |
| Global 4 Ports Average | 479.50 | 6.50 | 643.50 | 3.50 |
| Global Average Bunker Price | 570.50 | 2.00 | 747.50 | 5.50 |
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