Nearly a quarter of total bunker sales in Singapore refuelled scrubber-fitted ships with high-sulphur fuel oil (HSFO) in July, thereby reaching the highest level of HSFO sales so far in 2020 with 24% of total bunker sales – or 988,000 tonnes. Despite o…
Shipping number of the week: High-sulphur fuel oil sales reach 24% of total in Singapore Read More »
Bunkers are a relatively small part of the overall oil market, accounting for just over 6%. It is what is happening elsewhere in the industry that sets the underlying price in our market, but of course with a number of factors that determine if VLSFO, …
To see where bunker prices are going, we have to look at the bigger oil picture Read More »
The maritime industry’s transition to the sulphur regulation from the International Maritime Organization (IMO) which came into force on 1 January 2020 has not been without problems. Since fuel oil properties are fluctuating, it is expected that qualit…
Industry survey shows switch to low-sulphur fuel has not been without problems Read More »
With commercial shipping estimated to account for between 2-3% of annual global CO2 emissions, there is a strong impetus on the industry to address its impact on the global climate crisis. But the availability of viable and scalable fuel alternatives r…
Can financial incentives help reduce shipping emissions? Read More »
In the past couple of months, it has been a somewhat quieter period in the bunker industry, particularly with regard to VLSFO and LSMGO, with relatively low prices and abundant supply generally. There is clearly a lot of uncertainty about whether oil d…
Monitoring bunker price changes and buying on weighted average price can save you money Read More »