FuelEU Pooling could accelerate biofuel adoption

The FuelEU pooling mechanism introduces a new economic incentive to accelerate adoption of biofuels, according to OceanScore. The company has identified tangible savings on the cost of compliance with FuelEU Maritime that can be made through burning biofuels to generate surpluses for vessel pooling. This enables companies to capture financial gains from overcompliance with carbon

Himalaya’s two dual fuel newbuilds bunkered with LNG

Bulker operator Himalaya Shipping said two of its ships, Mount Norefjell and Mount Matterhorn, have bunkered with LNG in Singapore over the last few days. Mount Matterhorn is the fifth of the twelve 210,000 dwt Newcastlemax dual fuel newbuildings that the company has on order at New Times Shipbuilding in China. A Newcastlemax running on

MAN Energy Solutions discloses new dual-fuel engine

MAN Energy Solutions has introduced the latest addition to its four-stroke engine portfolio, the dual-fuel engine capable of running on LNG, diesel and HFO as well as a number of more sustainable fuels including biofuel blends and synthetic natural gas. The engine was unveiled at SMM, the world’s largest shipping exhibition, where the company’s executive

LNG retrofit will rate higher under CII, says SEA-LNG analysis

LNG is the best fuel option for owners considering how to extend vessel life and secure CII compliance through retrofit, according to SEA-LNG, the multi-sector industry coalition established to demonstrate the benefits of the LNG fuel pathway for shipping decarbonisation. In a piece of analysis released, the coalition finds significant benefits to a business choosing

Marine fuel sales at Singapore take a dip amid high refuelling prices

Sales of marine fuel in Singapore plunged in June in the wake of soaring oil prices that reduced the number of ships calling at the port to refuel. Vessels calling specifically for refuelling in Singapore, the world’s largest bunkering hub, fell to 2,940 – 7.2 per cent lower than in May and down from 3,242

Bunker sales take a dip in Singapore

Bunker sales in Singapore in February totalled 3.5mn t, down sharply by 532,000t from the previous month and down by 15pc from a year earlier. This was the lowest monthly total in at least 14 months, according to data from the city state’s Maritime and Port Authority (MPA). The MPA has only provided monthly data

MGO sales in Panama down by 9.7%

Some 377,649 metric tonnes (mt) of marine fuel were sold in Panama last month – 9.7% down on the 418,415 mt registered in February 2021. Last month’s total also represented a 16.4% drop on the 451,664 mt of marine fuel sales recorded in January. A total of 229,359 mt of very low sulphur fuel oil

Pricing economics lifts scrubbers’ prospects amid thrust for cleaner fuels

Scrubbers will likely continue to play a significant role in the marine fuel mix over the near-to-medium term despite the global push for cleaner fuels, with the latest results from Dorian LPG’s scrubber operations showing a 48% capital expenditure payback. “Fuel spreads during Q4 2022 [October-December] widened between LSFO [low sulfur fuel oil] and HSFO

Getting to Zero Coalition calls for a CO2 price of $200 per tonne

The Getting to Zero Coalition, a group of leading maritime companies and environmental NGOs dedicated to reducing carbon emissions from shipping, has released a new report calling for carbon pricing of about $200 per tonne of CO2. To make green future fuels more cost-competitive with conventional HFO and VLSFO, the coalition says that a combination

Spliethoff group vessels trialling biofuels

Spliethoff Group has announced it is trialling the use of biofuels for its vessels. The first trial took place between June and November last year on BigLift Shipping’s heavy transport vessel (HTV) BigLift Baffin. The vessel was supplied with a blend of 50 per cent FAME-based biofuel – a second generation biofuel, made from waste