World News
Sonan Bunkers Reports Significant Funding Increase
Friday April 8, 2022
Marine fuels firm Sonan Bunkers has reported an increase in funding from one of its lenders.
HSBC has awarded the firm a significant increase in funding, the company said in an emailed statement on Friday. The company declined to comment on how much more funding it had received.
"The vouch of confidence HSBC has provided to Sonan Bunkers by increasing significantly the facility, illustrates our commitment to continue our high value, customer centric business model while at the same time focusing on enhancing our credibility in the market as we take the business to the next level," the company said in the statement.
Last month the firm announced a new physical supply operation in Nigeria in partnership with a local supplier.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 567.50 | 3.50 | 700.00 | 14.50 |
| Rotterdam | 512.50 | 4.00 | 695.00 | 17.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 562.50 | 2.50 | 755.00 | 0.00 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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