Top 5 Bunkering Ports by Volume - AspectReference for Bunker Mass Flow Metering (TR48: 2015)...
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Bunker Trading Around the World The shipping industry became energy and capital focused with the development and usage of container ships. The high cost of alternative fuels, together with price volatility and the need to maintain product quality, stability and availability all pose challenges on profitability. Shipping companies are seeking ways to improve their bunker fuel procurement strategies through sophisticated purchasing programs, while bunker traders offer risk management and hedging support strategies. This infographic dives into the bunkering business, taking a look at important bunker trading ports, marine fuel types and refinery operations and explains how AspectCTRM’s solution is the leading choice for bunker traders and bunker trading businesses. Bunker Fuel Origins Bunker fuel started being used in the 1950s as the primary power source for vessel engines in the shipping industry. = The supply of fuel for use by ships in a seaport. Bunker Fuel is a derivative of crude oil, though there is no direct correlation between crude oil prices and bunker fuel prices. 1. Singapore (42 million metric tons mt) 5. Antwerp (6.5 million mt) 4. Hong Kong (7.4 million mt) 3. Rotterdam (10.5 million mt) - Largest Port in Europe 2. Fujairah (24 million mt) – Strategic location, between East and West shipping lines major bunkering ports in the world. Bunkering 70% of the cost of operating a vessel. There are approximately 400 6 countries were responsible for almost 60% of global bunker sales in 2012: Singapore, China, the US, the UAE, Netherlands and South Korea Top 5 Bunkering Ports by Volume Other important ports include: • Busan (South Korea) • Gibraltar • Panama • Algeciras (Spain) Future Predictions • Los Angeles/ Long Beach (USA) • Shanghai (China) Maritime and Port Authority of Singapore released the world’s first National Technical Reference for Bunker Mass Flow Metering (TR48: 2015) starting January 1, 2017. This provides both the bunker buyers and suppliers with better assurance of the quantity of bunker delivered. Marine Fuel Types Bunker fuel prices account for over Marine Gas Oil (MGO) and Marine Distillate Oil (MDO) MGO is the result of blending LCO with distillate oil to produce one of the highest marine fuel grades. MDO is manufactured by combining kerosene, light and heavy gas oil fractions. It is more expensive than the more common intermediate fuel types. Distillate Fuel Marine Fuel Oil (RMA-RML), Residual Fuel Oil (RFO) and Heavy Fuel Oil (HFO) A general classification for heavier oils, known as No.5 and No. 6 fuel oils. Residual marine fuel grade G is one of the most common residual fuels used in transoceanic ships. Residual Fuel Marine Diesel Fuel or Intermediate Fuel Oil (IFO180 and IFO380) A blend of gas oil and heavy fuel oil with less gas oil than MDO. Intermediate Fuel Oil (IFO) 3 Types: Refinery Operations 1. Distillation: Crude oil is fed into an atmospheric distillation column that separates the feed into the subsequent distillation fractions. 2. Desulfurization: Under heat and pressure, a reaction takes place and sulphur is separated from the product. Sulphur must be removed in order for the product to meet specifications. 3. Refining: Crude oil is processed and refined into more useful products such as gasoline, diesel fuel. Kerosene and more. 4. Blending: Crude oil blending is used to increase the sale price of a lower grade crude oil by blending it with a higher grade, higher price crude Industry News Between 2006 and 2020, total consumption will grow at an average annual rate of This fuel consumption related to U.S. trade is forecasted to grow 3.4% from 2006 to 2020. Global bunker fuel market stood at 372.3 million tons in 2013 and is expected to reach million tons in 2020. 47 million tons of bunker fuel were used in 2001 to transport international cargo flows into and out of the United States 2006 2020 2.6% 460 AspectCTRM for Bunker Trading AspectCTRM provides bunker trading businesses with a solution underpinning the entire trading lifecycle - Trade Management, Risk Management, Financial Operations & Physical Operations. AspectCTRM delivers the visibility and specialized tools for bunker traders throughout the trade process. • Manage bunker sales • Monitor consolidated risk management • Capture and report profitability on multi-product spot and term bunker deals • Allocate cargo purchases, sales, internal movements and outturn adjustments by location • Report credit risks associated with new and existing customers • Report key performance indicators and metrics Request a free trial today! aspectenterprise.com Bunker Trading is ready out-of-the-box with front, middle and back office functionality to: RESOURCES: 3plwire.com, aspectenterprise.com, morethanshipping.com, www3.epa.gov, shipandbunker.com, kittiwake.com, steamfeed.com, wisegeek.com Copyright © 2016, Aspect Enterprise Solutions Inc. All Rights Reserved. Infographic designed by Mad Fish Digital
Transcript of Top 5 Bunkering Ports by Volume - AspectReference for Bunker Mass Flow Metering (TR48: 2015)...
Bunker Trading Around the World
The shipping industry became energy and capital focused with the development and usage of container ships. The high cost of
alternative fuels, together with price volatility and the need to maintain product quality, stability and availability all pose
challenges on profitability. Shipping companies are seeking ways to improve their bunker fuel procurement strategies through
sophisticated purchasing programs, while bunker traders offer risk management and hedging support strategies.
This infographic dives into the bunkering business, taking a look at important bunker trading ports, marine fuel types and refinery operations and explains how AspectCTRM’s solution is the leading choice
for bunker traders and bunker trading businesses.
Bunker Fuel OriginsBunker fuel started being used in the 1950s as the primary power source for vessel engines in the shipping industry.
= The supply of fuel for use by ships in a seaport.
Bunker Fuel is a derivative of crude oil, though there is no direct correlation between crude oil prices and bunker fuel prices.
1. Singapore (42 million metric tons mt)
5. Antwerp (6.5 million mt)
4. Hong Kong (7.4 million mt)
3. Rotterdam (10.5 million mt) - Largest Port in Europe
2. Fujairah (24 million mt) – Strategic location, between East and West shipping lines
major bunkering ports in the world.
Bunkering
70% of the cost of operating a vessel.
There are approximately
4006 countries were responsible for almost 60% of global bunker sales in 2012:
Singapore, China, the US, the UAE, Netherlands and South Korea
Top 5 Bunkering Ports by Volume
Other important ports include:
• Busan (South Korea)• Gibraltar• Panama• Algeciras (Spain)
Future Predictions
• Los Angeles/ Long Beach (USA) • Shanghai (China)
Maritime and Port Authority of Singapore released the world’s �rst National Technical Reference for Bunker Mass Flow Metering (TR48: 2015) starting January 1, 2017.
This provides both the bunker buyers and suppliers with better assurance of the quantity of bunker delivered.
Marine Fuel Types
Bunker fuel prices account for over
Marine Gas Oil (MGO) and Marine Distillate Oil
(MDO)
MGO is the result of blending LCO with distillate
oil to produce one of the highest marine fuel grades.
MDO is manufactured by combining kerosene, light
and heavy gas oil fractions. It is more expensive than
the more common intermediate fuel types.
Distillate Fuel
Marine Fuel Oil (RMA-RML), Residual Fuel Oil (RFO) and
Heavy Fuel Oil (HFO)
A general classi�cation for heavier oils, known as No.5
and No. 6 fuel oils.
Residual marine fuel grade G is one of the most
common residual fuels used in transoceanic ships.
Residual Fuel
Marine Diesel Fuel or Intermediate Fuel Oil (IFO180 and IFO380)
A blend of gas oil and heavy fuel oil with less gas
oil than MDO.
Intermediate Fuel Oil (IFO)
3 Types:
Refinery Operations
1. Distillation:Crude oil is fed into an atmospheric distillation column that separates the feed into the subsequent distillation fractions.
2. Desulfurization:Under heat and pressure, a reaction takes place and sulphur is separated from the product. Sulphur must be removed in order for the product to meet speci�cations.
3. Re�ning:Crude oil is processed and re�ned into more useful products such as gasoline, diesel fuel. Kerosene and more.
4. Blending:Crude oil blending is used to increase the sale price of a lower grade crude oil by blending it with a higher grade, higher price crude
Industry News
Between 2006 and 2020, total consumption will grow at an average annual rate of
This fuel consumption related to U.S. trade is
forecasted to grow
3.4%from 2006 to 2020.
Global bunker fuel market stood at
372.3 million tons in 2013 and is
expected to reach
million tons
in 2020.
47 million tons of bunker fuel were used in 2001 to
transport international cargo �ows into and out of the United States
2006
20202.6%460
AspectCTRM for Bunker Trading
AspectCTRM provides bunker trading businesses with a solution underpinning the entire trading lifecycle - Trade Management, Risk Management, Financial Operations & Physical Operations.
AspectCTRM delivers the visibility and specialized tools for bunker traders throughout the trade process.
• Manage bunker sales• Monitor consolidated risk management• Capture and report pro�tability on multi-product spot and term bunker deals• Allocate cargo purchases, sales, internal movements and outturn adjustments by location• Report credit risks associated with new and existing customers• Report key performance indicators and metrics
Request a free trial today!
aspectenterprise.com
Bunker Trading is ready out-of-the-box with front, middle and back o�ce functionality to:
RESOURCES: 3plwire.com, aspectenterprise.com, morethanshipping.com, www3.epa.gov, shipandbunker.com, kittiwake.com, steamfeed.com, wisegeek.com
Copyright © 2016, Aspect Enterprise Solutions Inc. All Rights Reserved. Infographic designed by Mad Fish Digital
