Sign up
Log in Sign up
Tue 18 Nov 2008 08:19

Indian refiner sells 380-cst cargo


80,000-tonne fuel oil parcel is scheduled for loading in December.

India's Mangalore Refinery and Petrochemicals Ltd (MRPL) has sold a cargo of 80,000 metric tonnes of fuel oil for loading in December, Reuters reports.

The parcel of 3.5 percent sulphur 380-centistoke (cst) fuel oil is said to be scheduled for lifting between December 3rd and 5th from New Mangalore.

The sale was reportedly made to Japan's Petrosummit at a discount of $13.00 a tonne to Singapore spot 380-cst quotes, on a free-on-board (FOB) basis, according to industry sources.

MRPL's latest fuel oil deal follows tenders issued by the company in September for the sale of 130,000 tonnes of fuel oil and gas oil oil for lifting in October and November.

The tenders comprised of an 80,000-tonne cargo of 380-cst fuel oil for loading from New Mangalore on November 1st-3rd and a second tender for 50,000 tonnes of gas oil for lifting between October 10th and 12th.

MRPL is reported to have sold the 380-cst parcel at a discount of $2.25 a tonne to Singapore spot quotes.

Also in September, MRPL issued another tender for the sale of 80,000 tonnes of 380-cst fuel oil for loading on October 4th-6th from New Mangalore. It followed the sale in August of another 80,000-tonne cargo of 380-cst at a premium of approximately $1 to $1.50 a tonne to Singapore spot quotes.

This was the first time the Indian refiner had obtained a premium, rather than a discount, on the sale of a spot fuel oil cargo. Oil trading company B.B. Energy was reported to have been awarded the 380-cst cargo.

Lease agreement between Inter Terminals Sweden and the Port of Gothenburg, signed on July 1st. Pictured: Göran Eriksson, CEO of the Port of Gothenburg (left) and Johan Zettergren, Managing Director of Inter Terminals Sweden (right). New Gothenburg lease an opportunity to expand green portfolio: Inter Terminals  

Bunker terminal operator eyes tank conversion and construction projects for renewable products.
Map of US Gulf. Peninsula extends US Gulf operation offshore  

Supplier to focus on Galveston Offshore Lightering Area (GOLA) in strategy to serve growing client base.
The M/T Jutlandia Swan, operated by Uni-Tankers. Uni-Tankers vessel gets wind-assisted propulsion  

Fourth tanker sails with VentoFoil units as manufacturer says suction wing technology is gaining traction.
Port of Gothenburg Energy Port. Swedish biomethane bunkered in Gothenburg  

Test delivery performed by St1 and St1 Biokraft, who aim to become large-scale suppliers.
Image from Cockett Marine Oil presentation. Cockett to be closed down after 45 years  

End of an era as shareholders make decision based on 'non-core nature' of Cockett's business.
Petrobras logo. Petrobras confirms prompt availability of VLS B24 at Rio Grande  

Lead time for barge deliveries currently five days.
Opening of the IMO Marine Environment Protection Committee (MEPC), 83rd Session, April 7, 2025. IMO approves pricing mechanism based on GHG intensity thresholds  

Charges to be levied on ships that do not meet yearly GHG fuel intensity reduction targets.
Preemraff Göteborg, Preem's wholly owned refinery in Gothenburg, Sweden. VARO Energy expands renewable portfolio with Preem acquisition  

All-cash transaction expected to complete in the latter half of 2025.
Pictured: Biofuel is supplied to NYK Line's Noshiro Maru. The vessel tested biofuel for Tohoku Electric Power in a landmark first for Japan. NYK trials biofuel in milestone coal carrier test  

Vessel is used to test biofuel for domestic utility company.
Pictured (from left): H-Line Shipping CEO Seo Myungdeuk and HJSC CEO Yoo Sang-cheol at the contract signing ceremony for the construction of an 18,000-cbm LNG bunkering vessel. H-Line Shipping orders LNG bunkering vessel  

Vessel with 18,000-cbm capacity to run on both LNG and MDO.

↑  Back to Top


 Recommended