Jack Jordan

Peckham

Managing Editor at Ship & Bunker

Financial journalist covering oil and shipping.

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Articles

Most Major Hubs Saw Bunker Volumes Decline in Q1

2 weeks ago | shipandbunker.com | Jack Jordan

Bunker hub demand dropped by 3.1% on the year on average in Q1.
Legal Fight Over GP Global Fujairah Terminal Sale to Return to Court

1 month ago | shipandbunker.com | Jack Jordan

The Fujairah terminal has 412,000 m3 of storage capacity, with 17 product tanks and two utility tanks. Image Credit: GP Global The legal fight over the disputed sale of GP Global's Fujairah terminal is set to return to court in the UAE. As Ship & Bunker has reported previously, FTI Consulting -- running GP Global during its restructuring process -- sold the Fujairah terminal to Mount Row Partners for $124 million in May 2022.
ANALYSIS: Singapore April Bunker Sales Gain 3.9% on Year Despite Tariff Turmoil

1 month ago | shipandbunker.com | Jack Jordan

Singapore's bunker sales look unfazed by the tariff crisis thus far. Image Credit: Ship & Bunker / Data Credit: MPA Marine fuel sales in Singapore, the world's largest bunkering hub, jumped on an annual basis last month despite the shipping-industry turmoil raised by volatile trade policy in the US.
INTERVIEW: How to Navigate the Bunker Job Market in a Downturn

1 month 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.
IMO 2028: How Much Biofuel Will Be Needed to Avoid Penalties?

2 months 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.
IMO 2028: How Much Will 'Surplus Units' Cost?

2 months 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.
ANALYSIS: Singapore Quarterly Bunker Sales Drop to Lowest Since Q3 2023

2 months 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.
IMO 2028: How Much Is it Going to Cost?

2 months 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.
INTERVIEW: Monjasa Expects Resilient Profits in 2025 Despite Market Drop

2 months ago | shipandbunker.com | Jack Jordan

Rasmus Knudsen is CFO of Monjasa. Image Credit: Monjasa Global marine fuel supplier and trading firm Monjasa is sticking to a relatively bullish profit outlook for this year despite the current turmoil in the markets. This week the company reported net profit of $65 million in 2024, down from $109 million in 2023 but still the third-best result in the company's history.
INTERVIEW: KPI OceanConnect Sees Global Biofuel Bunker Demand Doubling in 2025

2 months ago | shipandbunker.com | Jack Jordan

Jesper Sørensen is global head of alternative fuels and carbon markets at KPI OceanConnect European regulations and the wider energy transition agenda can be expected to drive growth of 100% or more in biofuel bunker demand in 2025, according to global marine fuels firm KPI OceanConnect.