Far East Russia region accounts for 47% of Russia’s 2014 bunker fuel sales

2015-03-19

Around 47% of bunker fuel sales in 2014 in Russia are from the Far East Russia region, said Port News district observer Evgeniy Pankratyev Wednesday.

Speaking at the Russian Far East Bunker Supermarket conference in Petropavlovsk-Kamchatsky in Russia, Pankratyev said that in 2014, the Far East Russian bunker market saw around 8.145 million mt of bunker fuel sold, compared with 17.13 million mt seen in all of Russia.

This compared with the 4.55 million mt of bunker fuel sold in the Far East region in 2013, and 11.73 million mt sold in all of Russia, he added.

In terms of market share, RN-Bunker leads the Far East market with 33%, followed closely by NNK-Bunker (NK Alliance) with 22%, he also said.

Gazpromneft Marine Bunker has around 14% share, Transbunker and Tranzit DV tie with 8% each, and SK Pavino at 6%. Other smaller companies were grouped together at 9% market share.

The biggest seaport in the Far East region is Nakhodka with 3.51 million mt sold in 2014, more than doubling from 1.125 million mt in 2013 and outperforming ports like St Petersburg and Novorossiysk.

Other ports in the Far East region include Vostochny at 2.1 million in 2014, Vladivostok with 1.065 million mt, Storvyankor with 540,000 mt, Posyet with 80,000 mt, Zarubino with 160,000 mt, Kozmino with 275,000 mt, Vanino with 315,000 mt and other ports including Kamchatka and Kurilsk with 100,000 mt.

Outside the Far East region, the Black Sea Basin saw about 3.5 million mt of bunker fuel sold in 2014, which works out to be around 19% of the entire Russian market, Pankratyev said.

Major bunker fuel suppliers in the region are Gazpromneft Marine Bunker, with 15.5% share in 2014, Transbunker Novo (12%), RN-Bunker (12%), Transneft-Service (10%) and Flot NM TP (9%).

In the Northwest region, there were about 5 million mt of bunker fuel sold in 2014, he added. Major suppliers there are Gazpromneft Marine Bunker with 27.55% market share in 2014, Lukoil-Bunker (23.5%), and the Baltic Oil Company (8.5%).

The Russian bunker market makes up around 3% of the world’s bunker market, he also said.

Global bunker demand is around 200 million-220 million mt per year, with Singapore holding around 20% market share, according to BP at SIBCON last year. Singapore is number one globally with around 42.4 million mt in 2014, according to Maritime and Port Authority of Singapore figures.

The average price of 180 CST high sulfur fuel oil bunker fuel in December last year was around $250/mt on average, Pankratyev said.

Separately, Kovalev Vitaly, president of the Russian Association of Marine and River Bunker Suppliers, also said at the conference that the Far East Russian bunker market has grown threefold in the last 10 years.

Source from : Platts

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