Surge in demand for LNG bunkering: Drewry

Drewry projects more than 1,000 LNG-fuelled vessels to be in service by 2027. However, development of the bunkering infrastructure appears to be lagging in comparison to the growth in fleet as well as the potential demand, which could take a leap of 30 million tonnes by 2028 under our high-case scenario. The latest key investments,

Fujairah faces more bunkering competition

The UAE’s Port of Fujairah, the world’s third-biggest bunkering hub, is facing increased competition to supply marine fuels in the region, with new entrants ranging from Saudi Arabia to Qatar and Egypt. Qatar has started supplying marine fuels for its own LNG fleet and is now probably the second-largest bunkering hub in the Middle East

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

More carriers eye scrubber installation as price gap between fuels gets wider

As the price gap between low-sulphur fuel oil (LSFO) and heavy fuel oil (HFO) widens, almost 30% of the global containership fleet capacity is now equipped with scrubber technology, according to an Alphaliner survey. The consultant said the number of container vessels fitted with scrubbers increased by 150 last year, to 850 ships for 7.52m