Cargill’s Ocean Transportation business and tanker leader Hafnia announced today the formation of Seascale Energy—a joint venture combining their bunker operations to transform marine fuel procurement. The new entity, which…
https://gcaptain.com/cargill-and-hafnia-form-marine-fuel-powerhouse-seascale-energy/
Marine fuel sales reached fresh highs at the world’s largest bunker hub of Singapore in 2024, official data showed on Wednesday, driven by record container throughput and higher deliveries of alternative marine fuels.
https://gcaptain.com/fuel-sales-at-singapore-bunker-hub-hit-record-highs-in-2024/
SINGAPORE, July 15 (Reuters) – Sales of marine bunker fuel at Singapore climbed 8.5% in the first half of 2024, official data showed on Monday, as shipping disruptions in the…
https://gcaptain.com/singapores-bunker-sales-rise-in-first-half-of-2024/
As Houthi terrorist targeting of ships continues and vessels avoid Red Sea transits, sales of bunker fuel in Singapore, the world’s largest bunkering fuel port, have increased to all-time highs. This indicates increased global consumption as cargo ships, tankers, and other vessels take longer routes to avoid the Red Sea, reports the U.S. Energy Information Administration.
Many of the new routes involve rounding Africa’s Cape of Good Hope, which can add several thousand miles and two to three...
https://www.marinelog.com/news/red-sea-diversions-send-singapore-bunker-sales-soaring/
By Mike Wackett (The Loadstar) – As global freight rates continue to fall, container shipping lines are being hit by a huge spike in fuel costs. This will inflict further damage…
https://gcaptain.com/shipping-lines-hit-by-rising-fuel-costs-as-opec-cuts-supply/
Operations at the Port of Gibraltar are on hold after a bunker fuel spill from a ship anchored in the Bay of Gibraltar. The spill occurred at approximately 8:22 a.m….
https://gcaptain.com/bunker-fuel-spill-closes-port-of-gibraltar/
The price of ship fuel is now down to around half the post-Ukraine-invasion peak. Second-quarter fuel surcharges for containerized cargo shippers promise more savings ahead.
That’s the good news. The bad news is that if shipping ultimately switches from fuel oil to LNG or methanol as part of the energy transition, future fuel costs will likely skyrocket back to levels seen after the invasion — or higher.
The common refrain from vessel owners and operators is that cargo shippers will ultimately...
https://www.freightwaves.com/news/ship-fuel-cost-down-from-war-peak-but-green-fallout-looms
By Jeslyn Lerh SINGAPORE, March 1 (Reuters) – 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...
https://gcaptain.com/falling-bunker-fuel-premiums-in-singapore-reflect-slow-shipping-market/
By Jeslyn Lerh (Reuters) Equatorial Marine Fuel Management Services rose one spot to become the top marine fuel supplier at world’s largest bunkering hub Singapore in 2022, official data showed…
By Jeslyn Lerh SINGAPORE, Dec 13 (Reuters) – Marine fuel sales at Singapore jumped to a 22-month high in November, latest official data showed on Tueday, as lower prices lifted…
https://gcaptain.com/singapore-bunker-fuel-sales-hit-22-month-high-in-november/