Europe, Africa Bunker Fuel Availability Outlook

Bunker fuel oils are tight for prompt dates with several suppliers in Rotterdam, while ships face bunkering delays from weather suspensions in Malta and Algoa Bay. Longer lead times should be considered for HSFO380 stems in Rotterdam after supply tightened last week. Prompt product is more difficult to source, especially for larger quantities. Backwardation in

Bunker deliveries resume at UAE Fujairah port

Cargo loading and bunker delivery operations have restarted in the UAE port of Fujairah, the Middle East’s main storage and bunkering center. They have suspended on 2 October ahead of tropical storm Shaheen. “Some barges resumed deliveries of bunker fuel to vessels earlier in the afternoon,” a bunker supplier said. “It was initially done on

August bunker sales rise 2.5% on month, miss estimates

Bunker sales in August at the UAE’s Port of Fujairah, the world’s third largest bunkering hub, rose 2.5% on the month to over 700,000 cu m for the first time in 2021, according to Sept. 15 data from the Fujairah Oil Industry Zone provided exclusively to S&P Global Platts. But the sales still missed estimates,

Russian H1 2021 bunker sales drop 20%

Russian marine fuel sales declined by 20 per cent to about 2.4mn t in the first half of the year, from 3.1mn t during the same period last year, but demand was mixed at the different coasts. Overall Russian demand fell amid strong price competition from other international ports, tighter product availabilities and adverse weather

Bunker Fuel Market Predicted To Grow Robust at CAGR of 3.1% by 2027

Global bunker fuel market size was valued at $120.1 billion in 2019, and is projected to reach $130.1 billion by 2027, growing at a CAGR of 3.1% from 2020 to 2027. Bunker fuel is a type of fuel oil that is used abroad vessels. It is poured into ship’s bunkers to power its engines. Bunker

Is shipping heading in the right direction?

Climate change is high on the agenda for most countries as they look to reduce greenhouse gas emissions significantly over the coming years. The shipping industry is currently one of the biggest polluters but it is responding to the need for lower carbon emissions and, ultimately, green fleets. We speak to experts leading the quest

Hyundai Motor Signs MOU to Commercialize Hydrogen Fuel Cell Propulsion Systems

Hyundai Motor Signs MOU to Commercialize Hydrogen Fuel Cell Propulsion Systems for Marine Vessels Hyundai Motor Company announced that it has signed a Memorandum of Understanding (MOU) with Hyundai Global Service, a South Korean manufacturer specializing in ship electric propulsion systems and a subsidiary of Hyundai Heavy Industries Group, and Korean Register (KR), South Korea’s

Future Fuels in the Maritime Sector – Building the Bridge to Hydrogen

International seaborne transportation is a primary driver of international trade and the global economy, with approximately 80 percent of global trade by volume carried by ships at sea. The shipping sector has experienced steady growth for decades, although carbon dioxide (CO2) is the primary greenhouse gas (GHG) emitted from marine shipping. In 2012, CO2 and

TotalEnergies boosts R&D on ammonia as a marine fuel

TotalEnergies, formerly known as Total, is further developing research into the viability of ammonia as an alternative marine fuel through its participation in a series of leading industry initiatives. In its latest joint effort, TotalEnergies entered into a memorandum of understanding (MoU) with 22 leading companies across diverse industries to initiate a joint study on