Record-High LNG Prices Are Warning for Gas-Powered Shipping Advocates
A regular winter spike in bunker prices may be something owners of gas-powered tonnage have to plan for in future.
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A regular winter spike in bunker prices may be something owners of gas-powered tonnage have to plan for in future.
Record-High LNG Prices Sound Warning for Gas-Powered Shipping Advocates by Ship & Bunker News Team Friday January 15, 2021 A cold snap in Asia has hiked LNG demand, driving prices up to the highest level on record. Image Credit: Ship & Bunker / Data Credit: S&P Global Platts Shipowners considering a switch to gas power should take note of record-high LNG prices at the start of this year. A cold snap in S&P Global Platts assessed Asian spot LNG at $32.494/MMBtu on Tuesday, the highest level since the quote was launched in 2009. The price assessment gained 2019. $1500 of LNG to get the en...
Last year's winner, Petrochina International (S) Pte Ltd, dropped down to fourth place.
The city-state posted just short of 50 million mt in sales despite fewer ships seeking to refuel there, and in a year when global demand was down overall.
S&B ANALYSIS: Singapore's 2020 Bunker Sales Make Biggest Gain in 4 Years by Jack Jordan, Managing Editor, Ship & Bunker Wednesday January 13, 2021 • December decline held 2020 total just below 50 million mt • Bunker hubs gaining at expense of smaller ports • Container traffic declined while tankers and dry bulk increased Annual bunker sales at the world's largest marine fuels hub came in just short of 50 million mt in December pared the city-state's biggest gain in four years. 4.3 million mt in December, according to preliminary data from the Maritime and Port ...