Low Sulphur Fuel Oil News

Ongoing concerns around fuel quality continue to be a critical factor and significant expense for the maritime industry, according to the Lloyd’s Register (LR) Fuel Quality Report 2024.The report, produced by LR’s Fuel Oil Bunker Analysis and Advisory Service (FOBAS), reveals the overall state of fuel quality in 2024 remains much like that of the past few years, particularly since the transition to predominantly very low sulphur fuel oil (VLSFO) in 2020. Persistent issues such as cat-fines…

German ocean carrier Hapag-Lloyd announced it has taken delivery of a new ultra-large container vessel from South Korean shipbuilder Hanwha Ocean.The 399-meter-long, 23,660 TEU Hamburg Express is the seventh newbuild in a series of 12 "Hamburg Express" class containerships—the largest to ever sail under the German flag. The series' first vessel, Berlin Express, was delivered in 2023, and the remaining ships will be delivered through the end of 2025.Each ship features MAN B&W11G95ME-C10.5-GI dual fuel main engines…

Sentosa Development Corporation (SDC) has announced that Siloso, Palawan and Tanjong Beach will reopen for swimming and all sea activities in August, with Siloso Beach being the first to reopen, with immediate effect after an extensive oil spill cleanup operation.The milestone comes one and a half months after the oil spill on June 14, 2024, when the Netherlands-flagged dredger Vox Maxima struck a stationary Singapore-flagged bunker vessel Marine Honour, causing a rupture of one…

The authorities in Singapore have started the next phase of an oil spill clean-up operation, caused by the allision of a dredger and a bunker vessel, with the additional deployment of various booms and oil recovery systems.The Maritime and Port Authority of Singapore (MPA) said that 1500 meters of booms have been deployed, and an additional 1600 meters will be deployed over the next few days in designated sites to support the containment of accumulated oil to facilitate the clean…

The authorities in Singapore have launched an oil spill clean-up operation after the Netherlands-flagged dredger Vox Maxima struck a stationary Singapore-flagged bunker vessel Marine Honour, causing a rupture of one its oil cargo tanks which released the low-sulphur fuel oil to the sea.Dredger Vox Maxima had reported a sudden loss in engine and steering control before its allision with bunker vessel Marine Honour on June 14, 2024.Investigations by the Maritime and Port Authority of Singapore (MPA) are ongoing…

An oil spill off southern Singapore has spread to other areas of the island's coast and is threatening a marine reserve, government agencies said, adding that authorities were intensifying efforts to mop up the fuel.The oil spilled into Singaporean waters after a Netherlands-flagged dredger struck a stationary Singapore-flagged bunker vessel on Friday afternoon in the southern port of Pasir Panjang. The dredger Vox Mariner had reported a sudden loss in engine and steering control before its allision with bunker vessel Marine Honour.

Proman Stena Bulk, the joint venture between Stena Bulk and Proman, christened Stena Prosperous today during a ceremony at the Marina Bay Cruise Center in Singapore. After the ceremony, the 49,900 DWT IMOIIMeMAX vessel will be bunkered with a 20/80 green/conventional methanol blend, which delivers CO2e savings of 31% compared to the same voyage operated on Very Low Sulphur Fuel Oil (VLSFO), while making additional particulate matter (PM), sulphur oxides (SOx), and nitrogen oxides (NOx) savings.

Demand for liquefied natural gas (LNG) to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet. Prices of LNG delivered as marine fuel at the world's largest bunker hub Singapore are at steep discounts of nearly $100 per metric ton compared with conventional 0.5% very low sulphur fuel oil (VLSFO), industry sources report.That is a far cry from record premiums of more than $1,000 a ton seen in September 2023, based on data from S&P Global Platts published on industry coalition SEA-LNG's website…

Ocean Network Express (ONE) has launched a reduced emissions shipping service ONE LEAF+ which offers customers the opportunity to proactively manage their own emissions and minimize environmental impact across the value chain.ONE LEAF+ offers:• Reduced Carbon Footprint: ONE will deploy regulation-compliant alternative fuels on designated vessels, allowing customers to reduce Scope 3 GHG emissions on their shipments with ONE.• Added Transparency: With ONE LEAF+, customers will…

Spot marine biofuel premiums have weakened further at the world's largest bunker hub Singapore, weighed by slow demand, market sources said this week.Premiums for the flagship B24 marine biofuel blend recently traded between $120 to $130 a metric ton over 0.5% low sulphur fuel oil quotes, on a delivered Singapore basis, according to sources from bunker suppliers, trading firms and shipowners.The premiums extended declines from early first quarter when the product traded down to about $140 a ton…

The shipping industry is under increasing pressure to decarbonize, but unclear regulatory guidelines, including around what sorts of cleaner fuels large vessels should run, is complicating that path to net zero, according to executives.Global shipping firms are looking for ways to lower their carbon footprints, particularly as the International Maritime Organization (IMO), which regulates the global shipping industry, is being pushed to implement a charge on the sector's greenhouse gas emissions.The IMO's Maritime Environment Protection Committee concluded its 81st meeting last week…

"So far this year, container volumes have fallen nearly 2% year-on-year while average freight rates have declined, reaching 2019 levels in September. Since then, they have continued to fall. However, the cost to charter a ship remains 25% higher than in 2019,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has year-to-date grown 5% and 19% compared with 2022 and 2019 respectively.

Chevron Marine Products’ Taro Ultra Advanced 40 oil has successfully passed NOL (No Objection Letter) requirements by engine manufacturer WinGD. This follows the earlier NOL award for Taro Ultra Advanced 40 from MAN Energy Solutions. This latest test validates the suitability of the oil for use in WinGD engines operating with liquid fuels containing sulphur in the range 0.00<1.50 % m/m, which includes very low sulphur fuel oil (VLSFO). The test also approved the general usage…

Pakistan National Refinery Limited (NRL) has started producing very low sulphur fuel oil (VLSFO) for ships and is planning to expand its monthly output by at least five-fold in six months, the company said late Tuesday.The company is producing about 2,000 metric tons of VLSFO per month, with the monthly volume likely to increase to 10,000 tons to 12,000 tons over the next six months, NRL told Reuters in an email.NRL announced the production of VLSFO in a notice to the Pakistan Stock Exchange earlier this week, stating that this comes after a "necessary change in crude mix and adjustments in pr

The Global Centre for Maritime Decarbonisation (GCMD) found carbon emissions fell 83% using a vegetable oil biofuel blend compared with marine gasoil in a trial for a dual-fuel liquefied petroleum gas (LPG) carrier, the center said on Tuesday.This was the third of five supply chain bunkering trials that the GCMD has undertaken as part of an $18 million project to test different biofuel blends to reduce carbon emissions. The trials are key to helping the fuel and shipping industries…

Singapore's marine fuel sales, also known as bunker sales, rebounded in July after a sharp decline in June, while monthly container throughput hit a year-to-date high, official data on Monday showed.Bunker sales at Singapore are a key indicator of sentiment at the world's largest refuelling hub for ships, which is also one of the busiest shipping lanes globally.The volume totalled 4.52 million metric tons in July, up 14.9% month-on-month and 9.7% higher year-on-year, Singapore's…

-Monthly sales of marine fuel, also known as bunker fuel, hit over five-year highs at the world's largest refuelling hub Singapore in May as vessel arrivals spiked amid firm container throughput, official data showed on Wednesday.Singapore's bunker sales are an indicator of sentiment at one of the world's major ports and demand also affects fuel oil refining margins in Asia. Sales extended gains for a third consecutive month to 4.52 million tonnes, up 6.2% month-on-month, Singapore's Maritime and Port Authority data showed.

Premiums of marine fuel, also known as bunkers, are set for a bumpy recovery in March in Singapore, the world's largest bunkering port, as refuelling demand from the shipping sector has recently waned, multiple trade sources said.A weaker Singapore bunker market reflects slowing activity at one of the world's most major ports that sits on a crucial shipping lane, while lower demand will also weigh on Asia's fuel oil refining margins.Bunker premiums for the most actively traded very low sulphur fuel oil (VLSFO) grade…

The Global Center for Maritime Decarbonization (GCMD) has completed trials on two supply chains of biofuel blends for vessel bunkering, the center said on Tuesday.The maritime industry has been trying to source for green fuels to reduce carbon emissions ahead of the International Maritime Organization's 2030 and 2050 decarbonization targets. Biofuel bunkering is gaining traction in Singapore, with more than 90 biofuel bunkering operations completed last year, according to Singapore's Maritime and Port Authority.The trials were part of a $18 million global biofuels bunkering project launched by the GCMD in July last year, which is expected to span 12 to 18 months.The two trials took place from Oct. 31 to Feb.

Marine fuel sales at Singapore jumped to a 22-month high in November, latest official data showed on Tueday, as lower prices lifted buying interest at the world's largest bunkering hub.November bunker sales totalled 4.37 million tonnes, climbing 3% month-on-month and up 4% year-on-year, data from Singapore's Maritime and Port Authority showed.The higher sales came despite lower vessel arrivals for bunkering at Singapore, which dipped dipped by 4% month-on-month at 3,299 vessel calls, although edged higher by 3% year-on-year.

Marine fuel sales at the United Arab Emirates' Fujairah, the world's third-largest bunkering hub, slid 2% month-on-month in October as demand slowed.Total sales volumes at Fujairah, excluding lubricants, were at 655,126 cubic metres (about 627,000 tonnes) in October, showed latest data from the Fujairah Oil Industry Zone published by industry information service S&P Global Commodity Insights.The decline was led by a fall in low-sulphur bunker fuel sales, including low-sulphur fuel oil and marine gasoil.

Shipping giant Maersk plans to produce up to two million tonnes of e-methanol a year in Spain by 2030 to supply its fleet of cargo ships and reduce its carbon footprint, the Spanish government said on Thursday.The project will require an investment of about 10 billion euros ($9.75 billion), according to Spanish government calculations, and Spain may enter as a strategic investor. An agreement on the project, which will be partly financed by EU recovery funds, was signed on Thursday in Madrid by Maersk CEO Søren Skou and Prime Minister Pedro Sanchez.

Marine fuel sales at the world's largest bunkering hub Singapore held steady at 4.12 million tonnes in August, with the number of vessel arrivals for bunkering little changed, official data showed Tuesday.Sales for low-sulphur marine fuels were steady to higher from the previous month, though total monthly sales were weighed down by a slight decline in high-sulphur fuel oil (HSFO). "HSFO bunker volumes were lower, potentially due to the two-month suspension of Glencore's bunkering license in Singapore…