• About Us
  • Contact Us
  • Privacy & Policy
Monday, October 20, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

New Trade Route Established: Dangote Refinery Ships Fuel Oil to Asia

Vincent Amadi by Vincent Amadi
June 19, 2024
in Economy, News
Reading Time: 2 mins read
A A
0
New Trade Route Established: Dangote Refinery Ships Fuel Oil to Asia
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram

Dangote refinery is set to send a cargo of low-sulfur straight-run fuel oil (LSSR) from Nigeria to Singapore this week, tapping into the Asian market for the first time, according to ship tracking data and market sources.The cargo opens up a new trade route from the recently opened refinery to Asia, where there is a persistent shortage of low-sulfur fuel oil needed to fuel ships in Singapore, the world’s largest bunkering hub.The Dangote refinery began operations in January after a $20 billion investment and can process up to 650,000 barrels of product per day. Once it reaches full capacity, it will be the largest refinery in Africa and Europe.Dangote refinery has increased exports of LSSR since March, sending cargoes mainly to the US and Europe, according to ship tracking data from Kpler and Vortexa.The first delivery to Asia is due to arrive on Wednesday. The Glencore-chartered ship Front Braj will deliver about 124,000 tonnes (787,400 barrels) of LSSR to Singapore.Market players said cargoes were redirected to Asia due to weak demand in Europe. The front-month East-West spread for 0.5% LSFO, which reflects the price difference between these regions, remained above $40 a tonne this week, according to LSEG data.Dangote’s LSSR cargo is priced free on board at the Rotterdam 0.5% LSFO rate, but market sources did not disclose the exact price spread for this cargo. Another LSSR shipment of about 157,000 tonnes from Dangote Refinery is due to arrive in Singapore in July on the Stena Suede vessel, according to ship tracking data.LSSR is typically blended with other fuels to produce low-sulfur fuel oil (LSFO) for bunkering or as a feedstock for various refining processes. Dangote began exporting petroleum products in February and December 2023, mainly buying crude oil from the Nigerian National Petroleum Corporation (NNPC).

Tags: business
Vincent Amadi

Vincent Amadi

Related Posts

Dangote Refinery Boosts Fuel Supply as Petrol Price in Nigeria Rises to ₦955 Per Litre
Economy

Dangote Refinery Boosts Fuel Supply as Petrol Price in Nigeria Rises to ₦955 Per Litre

6 days ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

We never imported bad fuel – Dangote Refinery

1 week ago
Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn
Economy

Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn

2 weeks ago
BREAKING NEWS: PENGASSAN Declares Nationwide Strike.
Economy

BREAKING NEWS: PENGASSAN calls off strike

3 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

Soludo’s failure as governor makes him unfit for re-election – YPP
National

Anambra election: Soludo wants to use LGs for vote-buying – ADC candidate, Nwosu alleges

16 hours ago
Osinbajo to lead ECOWAS team to monitor Côte d’Ivoire election
International

Osinbajo to lead ECOWAS team to monitor Côte d’Ivoire election

16 hours ago
Reps demand explanation over rescue truck accident in Abuja
National

Reps seeks N350m to revive moribund industries, support SMEs

16 hours ago
FG sacks contractor, terminates P’Harcourt-Aba highway contract
National

FG sacks contractor, terminates P’Harcourt-Aba highway contract

16 hours ago
At my level, I can’t secretly defect to APC — Suswam
National

At my level, I can’t secretly defect to APC — Suswam

16 hours ago
Arewa group lambast PDP Spokesperson over disrespectful comments on Ugwuanyi
National

Arewa group lambast PDP Spokesperson over disrespectful comments on Ugwuanyi

3 days ago

POLITICS

At my level, I can’t secretly defect to APC — Suswam

At my level, I can’t secretly defect to APC — Suswam

16 hours ago
Arewa group lambast PDP Spokesperson over disrespectful comments on Ugwuanyi

Arewa group lambast PDP Spokesperson over disrespectful comments on Ugwuanyi

3 days ago
2027: Murray-Bruce defection to APC not surprising – Dele Momodu

2027: Murray-Bruce defection to APC not surprising – Dele Momodu

3 days ago
Breaking News: Former vice president Atiku Abubakar resigns from PDP

Atiku’s greed cause of PDP’s gradual demise

4 days ago
Avoid PDP, it’s torn to pieces – Akpabio tell politicians

Avoid PDP, it’s torn to pieces – Akpabio tell politicians

4 days ago
2027: Defections to APC not guarantee of victory — CUPP

2027: Defections to APC not guarantee of victory — CUPP

4 days ago

YOUR ECONOMY

Dangote Refinery Boosts Fuel Supply as Petrol Price in Nigeria Rises to ₦955 Per Litre
Economy

Dangote Refinery Boosts Fuel Supply as Petrol Price in Nigeria Rises to ₦955 Per Litre

6 days ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

We never imported bad fuel – Dangote Refinery

1 week ago
Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn
Economy

Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn

2 weeks ago
BREAKING NEWS: PENGASSAN Declares Nationwide Strike.
Economy

BREAKING NEWS: PENGASSAN calls off strike

3 weeks ago
You’re scaring off investors – Senator Karimi warns PENGASSAN over feud with Dangote Refinery
Economy

You’re scaring off investors – Senator Karimi warns PENGASSAN over feud with Dangote Refinery

3 weeks ago
BUA Chairman: Naira Will Settle at N1,300/$ by December 2025
Economy

BUA Chairman: Naira Will Settle at N1,300/$ by December 2025

4 weeks ago

E & P

2026 World Cup qualifying play-offs: We are ready for Nigeria – Gabon coach
Sports

2026 World Cup qualifying play-offs: We are ready for Nigeria – Gabon coach

by Steven Atogi
4 days ago
0

The national team coach of Gabon, Thierry Mouyouma, has said that his team is ready to tackle Nigeria in the...

2026 World Cup playoffs: Super Eagles likely to play Gabon

2026 World Cup playoffs: Super Eagles likely to play Gabon

6 days ago
EPL: They’ll be beaten – Paul Scholes predicts winner in Liverpool vs Man Utd

EPL: They’ll be beaten – Paul Scholes predicts winner in Liverpool vs Man Utd

2 weeks ago
EPL: Amorim should use Mbeumo as striker over Sesko — Owen

EPL: Amorim should use Mbeumo as striker over Sesko — Owen

3 weeks ago
Xavi Hernandez hinted to replace Ruben Amorim at Old Trafford

Xavi Hernandez hinted to replace Ruben Amorim at Old Trafford

3 weeks ago
Dembele wins 2025 Ballon d’Or ahead of Yamal [Full list]

Dembele wins 2025 Ballon d’Or ahead of Yamal [Full list]

4 weeks ago

YOUR THOUGHT & HISTORY

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’
National

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’

by Steven Atogi
2 weeks ago
The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour
Opinion

The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour

by Odini Brains
3 weeks ago
HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE
Opinion

HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE

by Odini Brains
1 month ago
Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents
National

Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents

by Odini Brains
1 month ago
The Rise And Fall Of Sports Institute, Isaka
Columns

The Rise And Fall Of Sports Institute, Isaka

by Tammy Opoki
2 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Soludo’s failure as governor makes him unfit for re-election – YPP

Anambra election: Soludo wants to use LGs for vote-buying – ADC candidate, Nwosu alleges

October 20, 2025
Osinbajo to lead ECOWAS team to monitor Côte d’Ivoire election

Osinbajo to lead ECOWAS team to monitor Côte d’Ivoire election

October 20, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address