Changes in weekly bio-bunker prices (ENGINE-PRIMA Markets):
Singapore’s B24-VLSFO UCOME price has remained steady over the past week, while its B24-LSMGO UCOME price has...
Changes in weekly bio-bunker prices (ENGINE-PRIMA Markets):
Singapore’s B24-VLSFO UCOME price has remained steady over the past week, while its B24-LSMGO UCOME price has...
The benchmark diesel price used for most fuel surcharges is back below $4 a gallon.
A decline of 2.3 cents a gallon from the prior week’s number put the Department of Energy/Energy Information Agency price at $3.992. It’s only the second time in the past 11 weeks that the price has been below $4. It also now has given back more than half the 21-cents-per-gallon gain recorded Feb. 12, which boosted the price to $4.109 a gallon as Middle East tensions were ramping up.
The decline comes as the fear...
https://www.freightwaves.com/news/benchmark-diesel-price-below-4-again-as-war-led-rally-fizzles
Increasing numbers of shipping firms and fuel suppliers are embracing a mass balancing approach to deploy low-emission fuels on vessels...
https://mfame.guru/mass-balancing-transition-to-deploy-low-emission-fuels/
CSX unveiled its first hydrogen-powered locomotive on Tuesday following a partnership with CPKC designed to foster innovation and a clean environment.
According to a press release from CSX, the hydrogen locomotive was converted from an existing diesel locomotive using a conversion kit developed by CPKC. This allowed the locomotive’s frame, cab, trucks and additional parts to be reused. Corey Davis, CSX alternative fuels and energy management director, noted that reusing these parts avoided...
https://www.freightwaves.com/news/csx-to-field-test-hydrogen-powered-locomotive
The adoption of alternative fuels in the maritime industry has seen significant progress in recent years. Advances in technology, financial support, and shifting perceptions have made the rollout of sustainable propulsion and power generation across various vessel types increasingly feasible. The focus on alternative fuels is driving the industry toward a more sustainable future.
Transitioning to Sustainable FuelsMany vessel owners and operators are prioritizing sustainable fuels when planning...
https://mfame.guru/sustainable-fuels-gather-momentum-in-maritime-industry/
This week, Seaspan Energy launched the second of its three 7600m3 LNG bunkering vessels, the Seaspan Lions, named after the twin peaks of the North Shore, or known as Ch’ich’iyúy Elxwíkn (“Twin Sisters” or “Two Sisters”) to the Squamish Nation.
LNG BunkeringThis series of vessels is named after iconic West Coast mountains and the first two vessels, the Seaspan Garibaldi (“Nch’ḵay̓”) and the Seaspan Lions (Ch’ich’iyúy Elxwíkn), will be delivered in 2024 with the third vessel arriving in...
https://mfame.guru/low-carbon-solutions-seaspan-launches-second-lng-bunkering-vessel/
Less VLSFO sales contributed to drag the port’s total bunker sales 3% lower in March than across February, reports Engine.
VLSFO sales fallSingapore’s VLSFO sales fell by 3% in March. In the same time frame, HSFO sales in the port remained steady with February levels, while LSMGO sales inched up 1%, according to preliminary...
https://mfame.guru/singapore-conventional-bunker-sales-dips-3-in-march/
Traditional bunkering hubs...
https://mfame.guru/hydrogen-based-fuels-reshape-global-shipping-routes/
Diesel prices relative to crude have held fairly steady in recent weeks, but a report by the International Energy Agency has a wary — though not apocalyptic — recap for diesel consumers on how Ukraine’s attacks on Russian refineries might end that stability.
Crude and products markets are up overall in the past month. Brent, the world’s crude benchmark, settled on March 12 at $81.92 a barrel. It has crossed the $90 mark in recent days, primarily fueled by concerns that growing tensions between...