Five years after launching a bunker information and news platform, ENGINE has diversified into bunker trading and launched a new worldwide marine fuel trading service.
ENGINE said that the decision to expand into trading with the newly formed bunker company ENGINE X came after witnessing the difficulties clients frequently face when executing trades, in a market that has become increasingly fraught and fragmented.
According to ENGINE X, what used to be two main fuel grades has now become a handful of fuel types and grades with new renewable options to explore. Fossil bunker fuels have been joined by biofuels, green methanol, bio-LNG, and hydrogen.
Bunker demand for these alternative fuels is set to grow rapidly from a small base as global and regional environmental regulations will make it progressively more expensive to stick with fossil fuels.
ENGINE X noted that these fuels had wide variations in calorific contents and combustion performances and knowing them well can be make or break for clients, who are grappling with controlling costs whilst also trying to remain compliant with increasingly stringent regulations.
Tags: Engine, Fuel Trading, Marine Fuel, Service
Recent Posts
Zero-carbon ammonia for shipping faces challenges
Wärtsilä signs lifecycle agreement for 7 Capital Gas LNG carriers
ABS releases report on nuclear LNG carrier design
NTPC develops indigenous catalyst for methanol production
Huangpu Wenchong receives AIP from CCS for ships using methanol and ammonia
Climate change will cause India’s GDP to decline by 24.7% by 2070: ADB
Masdar and EMSTEEL complete project using green hydrogen to produce steel
DNV Grants HHI AiP for ammonia DF large container vessel