Jack Jordan

1 week ago | shipandbunker.com | Jack Jordan

Vernon Jayanathan is the director of Maritime Recruitment Company Ltd. Image Credit: Maritime Recruitment Company Ltd Dealing with the job market for bunker traders while the overall bunker market is down is likely to be a challenge both for trading staff and employers this year.

3 weeks ago | shipandbunker.com | Jack Jordan

Biofuel requirements to avoid penalties will rise rapidly in the years to 2035. Image Credit: Ship & Bunker The IMO 2028 GHG policy framework initially approved earlier this month looks set to deliver a considerable boost to biofuel bunker demand in the short term as shipping firms seek to avoid penalties for excess emissions.

4 weeks ago | shipandbunker.com | Jack Jordan

The value of a surplus unit increases over time as the targets get tougher each year. Image Credit: Ship & Bunker The generation of tradeable 'surplus units' for overcompliance with bunker carbon intensity targets is one of the many complicating factors in the new IMO 2028 deal.

4 weeks ago | shipandbunker.com | Jack Jordan

VLSFO saw the largest monthly gain in March. Image Credit: Ship & Bunker / Data Credit: MPA Q1 marine fuel sales in Singapore, the world's largest bunkering hub, sank to the lowest quarterly level in more than a year despite a rally in March. The city-state's total conventional and biofuel demand reached 4.43 million mt in March, up by 0.5% on the year and by 7.7% from February's level, according to the latest data from the Maritime and Port Authority.

1 month ago | shipandbunker.com | Jack Jordan

The IMO 2028 deal approved last week makes shipping the first international industry to have a framework for how to charge it for its GHG emissions. Initial estimates compiled by Ship & Bunker indicate the shipping industry can expect to pay about $76/mt extra in IMO 2028 compliance costs for every tonne of VLSFO consumed in 2028, moving up to $653/mt by 2035. The framework is more complex than previous regulations covering ships' emissions, and less ambitious than some had hoped.