Ship & Bunker

1 week 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 week ago | shipandbunker.com | Maria Lopez |María Lopez |María López

Maria Angeles Lopez is decarbonisation manager at Peninsula. Image Credit: Peninsula It has long been argued that alternative marine fuels, such as LNG and biofuel, are too expensive to be commercially viable, despite their clear benefits when it comes to emissions reduction. But today the tide is turning, and for some, these cleaner fuels are actually becoming a financially astute choice.

1 week 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.

1 week 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.

3 weeks 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.