Praxis Market Update

Fri 11 Jan 2013, 15:01 GMT

Oil traded near the highest level in almost four months, extending the longest weekly winning streak since August, as Saudi Arabia cut its oil output and investors speculated an economic recovery will boost fuel demand.

Singapore: Supplier reported that it is fully committed until the 20th of January.

Takehara: LS MGO is available for prompt deliveries.

Kandla: Good stocks of products with earliest possible delivery on 14th January due to public holidays.

MGO


		NYK names eighth dual-fuel LPG carrier at Kawasaki Heavy Industries yard Lyla Pathfinder is capable of operating on both heavy fuel oil and LPG.

		Verde Marine Energy and Eleven Energy formalise strategic collaboration Alliance combines physical supply capabilities with an expanding international trading business.

		US Federal Maritime Commission chair to keynote IBIA Convention 2026 in New York Laura DiBella to address marine fuel industry leaders on regulation and market direction.

		Longer drains, lower cost: The role of oil analysis of synthetic engine oils \| Joe Star, VPS VPS recommends robust oil analysis programme for the safe extension of drain intervals.

		Sing Fuels seeks supply trader for Asia role Bunker firm looking to hire trader in role focused on marine fuel procurement and supplier relations.

		Dan-Bunkering posts $36.4m pre-tax earnings as alternative fuel orders surge 50% Danish firm reports 5% bunker volume rise amid supply disruptions, price volatility and geopolitical uncertainty.

		Shipping contributes up to €9bn annually to EU ETS budgets, ECSA study finds New analysis calls for ETS revenues to be reinvested in shipping’s energy transition.

		Wärtsilä propulsion solutions selected for nine Grimaldi Group newbuilds Fuel-flexible engines, scrubbers and hybrid systems ordered for ferries across three Grimaldi fleets.

		Burando Energies appoints senior bunker trader to lead Latin America expansion Paola Prieto joins Burando Energies’ trading team with a focus on Latin American growth.

		Port of Québec secures C$5.1m from provincial government for shore power electrification Funding will support shore power infrastructure at two wharves, targeting availability by autumn 2028.