PHYSICAL
“BUNKERS” refers to the fuel oil used by ocean going ships. Majority of the bunker fuels used by the world’s merchant fleet are residual fuel oils. This is true for the vast majority of large diesel engines operated on land. By definition, residual fuel oils are the products remaining from the refinery processes after all the distillate or lighter fractions have been removed. The fuel oil are sold in different grades according to their viscosity measured in centistokes. The most common are the 180cst (centistoke) and 380cst. In Singapore both grades of fuel oil are used. The latter bunker fuel is used heavily in the marine fuel industry for propelling ships and tankers.
EX-WHALF BUNKERS
Ex-wharf bunkers are meant for bunker operators with barges of their own or have barges chartered from barge owners. In ex-wharf market, bunker operators buy from refineries or independent traders supplying from their terminals based on quantity and grade of bunker fuel required. An ex-wharf trade is where the seller is responsible for bringing the goods from the storage terminal to the terminal shore tank/pump at the berth via the pipeline connected to the terminal.
McQuilling Energy now offers broking services in ex-wharf bunkers. We have a working team trained to handle terms and conditions and we have successfully closed some trades recently. We are ready to service customers who will benefit from our large customer base of ex-wharf bunker suppliers, traders and customers. We are familiar with all the terminals in Singapore and we work closely with major suppliers of ex-wharf bunkers in Singapore.