Liquefied natural gas (LNG) has become cheaper maritime fuel than Very Low Sulphur Fuel Oil […]
The post LNG is cheaper than VLSFO, Sea Intelligence says appeared first on Offshore Energy.
https://www.offshore-energy.biz/lng-is-cheaper-than-vlsfo-sea-intelligence-says/
In the past two weeks, 14% (6 out of 42) of VLSFO samples tested in Panama’s Balboa have exceeded the International Maritime Organisation’s (IMO) 0.50% sulphur cap, indicating higher sulphur levels than permitted, as published on Engine Online.
Sulphur Level Non-Compliance in FuelsOut of the fuel samples tested, four had sulphur levels ranging between 0.51% and 0.53%, while the other two samples had 0.54% sulphur content, putting them clearly outside the...
Asia’s cash differential for very-low sulphur fuel oil (VLSFO) closed the trading week in a discount to Singapore quotes on Friday as bearish fundamentals weighed, says an article published on Hellenicshippingnew.
Product’s front-month crackSpot 0.5% VLSFO MFO05-SIN-DIF was pegged at a discount of 45 cents per metric ton, though the product’s front-month crack LFO05SGDUBCMc1 rebounded slightly day-on-day at a premium of $8.41 a barrel.
Meanwhile, cash differential for 380-cst...
https://mfame.guru/vlsfo-cash-differential-ends-week-in-discount/
On Tuesday, data revealed that the premium of very-low sulphur fuel oil (VLSFO) over high-sulphur fuel oil (HSFO) has reached its lowest level since October 2021, as reported by XMZA.
Fuel at its lowestAsia’s VLSFO-HSFO premium, known as the Hi-5 spread, reached its lowest level since October 2021, standing at $102.50 per metric ton for August. The narrowing spread is attributed to increasing selling interest and multiple offers for VLSFO cargoes in July and early August....
Hapag-Lloyd, a container line, has reported a decline in overall bunker consumption but an increase in the use of high-sulfur fuel oil (HSFO) in the first quarter of 2023, as reported by Ship & Bunker.
Bunker consumptionThe company’s total bunker consumption was 1.03 million metric tons, down 2.8% compared to the previous year. The share of very low sulfur fuel oil (VLSFO), ultra-low sulfur fuel oil (ULSFO), marine diesel oil (MDO), and liquefied natural gas (LNG) in its...
https://mfame.guru/hapag-lloyd-turns-to-hsfo-as-bunker-consumption-declines/
Shipping fuel availability in Rotterdam and the wider ARA hub is challenging due to product tightness at refineries, leading to recommended lead times of 6-7 days for VLSFO and HSFO. However, LSMGO availability is comparatively better with shorter lead times of 3-5 days. Shell’s Pernis refinery is undergoing scheduled maintenance but is expected to be completed by the end of the month. Independently held gasoil stocks in the ARA are...
https://mfame.guru/bunker-fuel-availability-holds-strong-in-europe-africa/
FuelTrust has announced that Ridgebury Tankers...
https://mfame.guru/to-demonstrate-roi-on-scrubbers-ridgebury-tankers-uses-fueltrust/
In order to comply with sulphur emission limitations, ships must now utilise ultra- or low-sulfur fuel (such as ULSFO or VLSFO). Ships can still utilise heavy fuel oil (HFO), which is less expensive if they install a scrubber. However, it has shown that the price premium for VLSFO is not as great as first thought, as reported by BIMCO.
VLSFO price premiumThe price premium for VLSFO on December 31, 2019, the day before the new IMO regulation went into...
https://mfame.guru/despite-a-24-drop-in-2022-share-of-scrubber-ships-is-likely-to-increase/
Ocean Network Express (ONE) has ordered ten new container ships that will feature a bow cover and other energy-saving technologies, says an article published on Ship-technology.
Twenty-foot equivalent unitsExpected to be delivered between 2025 and 2026, the new large vessels will have a carrying capacity of more than 13,700 twenty-foot equivalent units (TEUs).
The new vessels will be designed to operate on methanol and ammonia.
Medium-term strategy
To implement...
https://mfame.guru/one-orders-for-ten-methanol-and-ammonia-ready-boxships/
Bunker fuel prices declined at most ports on Tuesday, with global VLSFO prices ending February at the biggest monthly decline since November, reports Ship And Bunker.
G20-VLSFO IndexShip & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports lost $2/mt to $639/mt on Tuesday, taking its overall decline last month to $51/mt. The G20-HSFO Index rose by $1/mt to $452.50/mt, while the G20-MGO Index declined by $4/mt to $908.50/mt.
ICE Brent crude futures...
https://mfame.guru/g20-vlsfo-index-posts-biggest-monthly-decline/