CMA CGM launches global biofuel bunkering trial in Singapore

The CMA CGM Group, a world leader in shipping and logistics, with the support of the Maritime and Port Authority of Singapore (MPA), started biofuel bunkering in Singapore as part of its global trial to scale-up the wider adoption of the clean energy. Its 10,640-TEU vessel, APL PARIS, was the first of the Group’s vessels

Bunker prices hit all-time highs

With Russian tanks entering eastern Ukraine, bunker prices have hit an all-time high. Back in the summer of 2008, a couple of months ahead of the collapse of Lehman Brothers and the global financial crisis, the average price for IFO 380 fuel, then the dominant shipping fuel, at the world’s top four bunkering hubs averaged

Container ships begin biofuel trials in Singapore

CMA CGM along with Maritime and Port Authority of Singapore (MPA) has started biofuel bunkering in Singapore as part of its global trial to scale-up the wider adoption of the clean energy. Its 10,640 teu vessel, APL Paris, was the first of the group’s vessels on trial to be bunkered with biofuel in the city-state.

Gazprom increases refueling of ships with environmentally friendly fuel

Russian oil major Gazprom Neft on Monday said it will increase supply of environmentally friendly marine fuel to Russian mining company Norilsk Nickel’s Arctic fleet by 30% to 80,000 tons per year. Throughout 2022, Gazpromneft Marine Bunker, operator of the Gazprom Neft’s bunkering business, will provide refueling for container ships, tankers and icebreakers of the

Historic first bunker fueling for LNG-Fueled Newcastlemax

The first LNG-fueledNewcastlemax bulk carrier in an order of 13 ABS-Classed vessels for Eastern Pacific Shipping (EPS) has taken on its first load of LNG bunker fuel at Singapore. The 209,936 DWT dual-fuel vessel, Mount Tourmaline, was built by Shanghai Waigaoqiao Shipbuilding Co., Ltd., China and delivered to EPS on January 28, 2022. “ABS is

Sri Lankan bunker suppliers rescind HSFO offers amid energy crunch

Suppliers at the port of Colombo have retracted offers for delivered 380 CST high sulfur fuel oil due to shortages of the bunker grade as local refineries direct the available product for power generation in a bid to stem Sri Lanka’s acute energy crisis, industry sources told S&P Global Platts. The country also is grappling

Singapore bunkers supported by cargo, barge tightness

Singapore bunker prices have risen strongly in recent weeks on the back of firm crude benchmark prices, and are further buoyed by strong spot demand and tighter availabilities of cargoes and barges. The premium of delivered very-low sulphur fuel oil (VLSFO) bunkers over the cargo market has averaged $23.26/t so far this year, triple more

Oil and gas bankers confront their own energy transition

Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy giants on fossil fuel deals since joining Goldman Sachs as an associate in 1985. “I cover Big Oil. I’m a supermajor guy,” the 63-year-old said.

Ammonia as a storage solution for future decarbonised energy systems

Storing large volumes of energy for prolonged periods of time in a transportable form can significantly assist decarbonized energy and power systems. Specifically, apart from offering the possibility for connecting energy sources with consumers, periodic and seasonal transportable storage can balance the energy system at times when climatic conditions are unfavourable. This could allow for

Trafigura sets out to build green ammonia bunker production facility

Swiss commodities trading giant Trafigura has partnered with Germany-based startup Hy2gen and Danish fund management company Copenhagen Infrastructure Partners (CIP) to produce green ammonia as marine fuel in the municipality of Sauda, on the southwestern coast of Norway. The consortium plans to invest in the production, storage and shipping facility, which Trafigura said is expected