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/
By Jeslyn Lerh (Reuters) Marine fuel sales in Singapore surged to a one-year high in October, latest official data showed on Monday, as more competitive prices attracted ships to refuel…
Vopak Singapore explores expanding its ammonia infrastructure for low carbon power generation and bunker fuel, says an article published on their website.
Export capabilitiesIn response to the growing demand for sustainable energy, Vopak Singapore is exploring the expansion of its ammonia storage infrastructure with full import and export capabilities for low carbon power generation and bunker fuels at its Banyan terminal.
Hybrid storage terminalWith a storage capacity of close to 1.5 million...
https://mfame.guru/vopak-singapore-explores-expanding-its-ammonia-infrastructure/
Vopak Singapore, a joint venture between Royal Vopak and the Port of Singapore Authority […]
The post Vopak Singapore wants to expand ammonia infrastructure for low-carbon power and bunker fuel appeared first on Offshore Energy.
It was yet another warning sign on inflation: The price of fuel for commercial ships spiked after Russia invaded Ukraine and hit all-time highs in May and June. But that trend has now reversed. The price of ship fuel plunged in July and August and is now back to roughly prewar levels.
According to Ship & Banker, the average price for fuel known as very low sulfur fuel oil (VLSFO, sulfur content: 0.5%) at the world’s top 20 refueling hubs was $800 per ton as of Friday. That’s down 29% from the...