Fuel News

Wartsila: No Alternative Fuels Clear Winner In Global Shipping

  • The lack of infrastructure and insufficient supplies have hampered the adoption of sustainable fuels.
  • Hydrogen supply, particularly blue and green versions, are expected to be ramped up only around 2026-2030 as projects in the Middle East, Australia and America commence operations, said Verma.
  • Both green methanol and green ammonia require renewable hydrogen for production.

The shipping industry has been hedging its bet on ammonia, methanol and hydrogen as alternative marine fuels, however, a...

https://mfame.guru/wartsila-no-alternative-fuels-clear-winner-in-global-shipping/

Diesel benchmark up for second straight week

For the first time since March, the benchmark price used for most fuel surcharges has risen two straight weeks.

The price published by the Department of Energy/Energy Information Administration for Monday is $3.769 a gallon, an increase of 3.4 cents. It marks the first time since the weeks of March 18 and 25 that the price went up in consecutive weeks.

There has been no obvious reason for the increase, as demand remains subdued and there are no significant disruptions to supply...

https://www.freightwaves.com/news/diesel-benchmark-up-for-second-straight-week

Singapore Biofuel Bunker Prices Up For 3rd Consecutive Week

  • Singapore’s B24-VLSFO discount to Rotterdam’s B30 shrinks
  • Low demand in Mediterranean ports
  • Bio-premiums over conventional remain wide in Rotterdam

Singapore prices up for third consecutive week, reports Engine.

Singapore

Singapore’s B24-VLSFO UCOME and B24-LSMGO UCOME prices have gained by $12-17/mt in the past week. The bio-bunker prices have gone up despite a $5/mt drop in the UCOME FOB China benchmark, according to PRIMA Markets.

PRIMA says, “lower offers last week of $960-980/t [$960-980/mt]...

https://mfame.guru/singapore-biofuel-bunker-prices-up-for-3rd-consecutive-week/

Fuel Switch Snapshot: Bunkering Gets Pricier In Singapore

Singapore’s bunker fuel prices have increased across the board over the past week. Conventional fuel prices have climbed $17-20/mt higher, while bio-bunker blends have gained slightly less, at $12-17/mt. LNG has increased by $14/mt in the port.

Price gap

The price gap between Rotterdam’s LNG and VLSFO grades has narrowed in the past week. LNG is now only $2/mt cheaper than VLSFO in Rotterdam with estimated EU Allowance (EUA) costs for voyages between two EU ports added, down from $15/mt a week...

https://mfame.guru/fuel-switch-snapshot-bunkering-gets-pricier-in-singapore/

Fuel For Thought: Evaluating LPG As A Sustainable Shipping Fuel

In the third report in our “Fuel for thought” alternative fuels series we evaluate Liquefied Petroleum Gas (LPG).

Current state of LPG

We will explore the current state of LPG as a fuel for shipping. LPG is already a widely available fossil fuel that offers emissions benefits compared to other fossil options. LPG could offer further benefits in conjunction with onboard carbon capture and if the emerging production of renewable, potentially zero-or near-zero emissions variants is scaled up.

The...

https://mfame.guru/fuel-for-thought-evaluating-lpg-as-a-sustainable-shipping-fuel/

For first time since early April, key diesel benchmark price increases

On the back of significant gains in the futures market for ultra low sulfur diesel (ULSD), the benchmark used for most fuel surcharges rose Monday for the first time in 10 weeks.

The weekly Department of Energy/Energy Information Administration average weekly retail diesel price climbed 7.7 cents a gallon to $3.735. That follows nine weeks of declines from a price of $4.061 a gallon on April 6, with the low having been recorded last week at $3.658.

The increase is the largest since a whopping...

https://www.freightwaves.com/news/for-first-time-since-early-april-key-diesel-benchmark-price-increases

Singapore Conventional Bunker Sales Rise 14% In May

Singapore’s MGO, VLSFO and HSFO sales grew by 20%, 17% and 9%, respectively, in May, reports Engine.

In May, 3,532 vessels were bunkered in the Southeast Asian bunker hub, a significant increase of 143 from 3,389 in April, according to preliminary figures from the Maritime and Port Authority of Singapore. The average stem size also rose substantially by 115 mt to 1,337 mt in May.

Meanwhile, total bunker sales across the first five months of the year were 5% higher compared to the same period last...

https://mfame.guru/singapore-conventional-bunker-sales-rise-14-in-may/

Fuel Switch Snapshot: Bio-Bunker Premiums Grow Even Bigger

Despite rising VLSFO prices over the past week, VLSFO still remains the most affordable bunkering alternative for dual-fuel ships without scrubbers in both Rotterdam and Singapore, even when you factor in estimated EU Allowances (EUAs) costs.

Rotterdam’s B24-VLSFO premium over pure VLSFO has widened by $13/mt in the past week and reached $175/mt. It has also climbed $138-148/mt above the price of fossil LNG in the port.

VLSFO

Rotterdam’s VLSFO benchmark increased by $12/mt in the past week, which...

https://mfame.guru/fuel-switch-snapshot-bio-bunker-premiums-grow-even-bigger/

Key retail diesel price drops again, but is the bear market turning?

Retail diesel prices continue their downward trend, declining for the ninth week in a row as measured by the number used as the basis for most fuel surcharges.

The Department of Energy/Energy Information Administration weekly average retail price fell to $3.658 a gallon, a decline of 6.8 cents. The scorecard on the price is that the one-week decline is the largest since Dec. 18. The price has declined in 10 of the past 11 weeks and since the high level of the current cycle is down 88.7 cents a...

https://www.freightwaves.com/news/key-retail-diesel-price-drops-again-but-is-the-bear-market-turning

Fuel Switch Snapshot: VLSFO Retains Cost Advantage

VLSFO remains the cheapest bunkering alternative for dual-fuel ships in Rotterdam and Singapore, even with estimated EU Allowance (EUA) costs included in their bunker fuel costs. HSFO is the cheapest option for scrubber-fitted ships.

Prices dropped

LNG prices dropped over the past week, but they still remain $9-22/mt higher than VLSFO in Rotterdam and $34-40/mt higher in Singapore.

Rotterdam’s bio-bunker premium over LNG has remained steady, while Singapore’s bio-premium over LNG has climbed...

https://mfame.guru/fuel-switch-snapshot-vlsfo-retains-cost-advantage/

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