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Being one of the busiest seaports in the world, Singapore caters to a large number of vessels on a daily basis. In Singapore, oil bunkering is a massive industry and there are a couple well-established hubs in this region. Jurong Island and Singapore Harbor are the primary locations for shipping vessels visiting this country. The […]

The oil industry is a complex sector. There are many factors that ultimately influence the fuel prices in this industry. From weather to government policy and international politics, every factor has its own impact on these prices. The price fluctuations are somewhat controlled due to the availability of alternative fuels. However, in the longer run,

Singapore is one of the busiest bunkering ports in the world. It has two main ports, namely Jurong Island and Singapore Harbor that cater to hundreds of vessels daily. Oil bunkering in Singapore is a highly regulated industry with many well-established oil hubs. Bunkering operations setup by reputable oil suppliers provide fuel to the ocean

The Bering Sea is one of the northernmost seas in the Pacific Ocean, bordered by the Alaska and the Kamchatka Peninsulas. At its north lies the Bering Strait which connects the Bering Sea to the Arctic Ocean. Bunkering in the Bering Sea is done either close to port or at sea. At all times, a

Fuel is one of the most widely-used sources of energy in the world today. Most fuels are natural substances such as petro fuel, diesel, and natural gas, which are either extracted straight from the earth or produced by refining substances such as petroleum. The energy produced by burning fuel has many applications, such as powering

Due to a number of factors such as natural resource endowment, the refining process/refining infrastructure, and transportation costs, average fuel prices may be much more affordable in one country than another. That being said, it can be cheaper to import fuel rather than purchase it from local suppliers. As many industries in several different countries

Marine diesel fuel, also known as Marine Diesel Oil (MDO), is a blend of heavy fuel oil and gasoil. It contains less gasoil than the intermediate fuels used in the marine industry. MDO is used to power medium and high-speed diesel engines, as well as medium-speed propulsion engines. As a residual, marine fuel is essentially

While crude oil prices are sharply declining throughout the US, diesel prices in California remain surprisingly higher than the national average. There are several reasons driving rising diesel prices in California. These reasons are explored below: Higher Fuel Taxes: High relative diesel costs in California are partially due to higher fuel taxes. In fact, Californians

Known commonly as fuel oil, bunker fuel is a liquid fuel that is fractionally distilled from crude oil and used in ships. Your fuel cost is the largest expense of a ship’s voyage. Global marine fuel use in the open seas is in the range of millions of barrels per day and is only expected