European Energy to fuel Maersk ships with green methanol

European Energy is collaborating with Maersk on a green methanol project in Denmark that will use solar generated electricity to produce the fuel stock. European Energy subsidiary Reintegrate is working with shipping group Maersk, which will use the e-methanol to operate one of its vessels. REintegrate and European Energy will establish a new Danish facility

LNG shipments to Europe might not cover strong winter demand

Europe’s vast network of liquefied natural gas terminals can’t save it from a winter supply crunch. LNG supplies entering European grids in July fell to the lowest for that month in three years and the outlook for this month is even grimmer. Just one cargo is scheduled to arrive in the UK in August and

Asian HSFO markets firm on higher power, bunker demand

The backwardation in the Asian 180cst and 380cst high-sulphur fuel oil (HSFO) markets has widened to multi-month highs, driven by higher power generation and bunker fuel demand. The backwardation in 180cst HSFO markets, or the premium of prompt prices to forward values, widened from $5.75/t on 3 August to over a nine-month high of $6/t

Monjasa Acquires Tanker to Serve Burgeoning West African VLSFO Market

DWT tanker, acquired from Neste in Finland and now renamed as Monjasa Trader, left the Port of Rotterdam on 15 August and is now heading for Lomé in West Africa. Announcing the acquisition of the tanker, Monjasa highlighted the increasing local availability of very low sulphur oil in West Africa. The ‘high quality’ product is

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

Biden’s clean cars plan doesn’t mention biofuels

President Joe Biden outlined a new national target for the adoption of electric vehicles in an announcement Thursday, calling for them to represent half of all new vehicle sales by 2030. However, biofuels groups continued to remind the administration the role that low carbon fuels such as ethanol can play in the remaining transportation fleet.

Natgasoline methanol facility in Beaumont, Texas goes offline

The Natgasoline methanol production facility in Beaumont, Texas, is currently offline, several market sources said. The facility, which is a joint venture of Proman and OCI, has a total production capacity of 1.75 million mt/year. The Beaumont facility was heard to have experienced an operational issue related to the gas feed, one of the sources

Ennore – Ramanathapuram LNG pipeline to be ready by Feb 2022

The Ennore – Ramanathapuram liquefied natural gas (LNG) pipeline is expected to be completed by February 2022, P. Jayadevan, Executive Director, Indian Oil Corporation Ltd. (IOCL) said here on Saturday. Addressing presspersons at the company’s LNG terminal, which was commissioned in March 2019, he said that around 85% of the work to lay the ₹6,000

Mammoet completes first project using HVO fuel

Mammoet, the global market leader in engineered heavy lifting and transport, has executed its first operation using low-carbon HVO fuel. The operation, to transport two topsides, is another step towards more sustainable operations for the world’s leading heavy lifting and transportation company.  In the past, Mammoet’s worldwide fleet has run on conventional diesel. With new

HSFO cash premiums surge to 9-month highs, VLSFO firms

Cash premiums for cargoes of Asia’s high-sulphur fuel oil (HSFO) extended gains on Friday, ending the week at multi-month highs amid limited supply and firm demand from utilities and refiners. Cash premiums 180-cst HSFO hit a more than nine-month high of $5.30 a tonne to Singapore quotes, while premiums for cargoes of 380-cst HSFO climbed