The $300 billion bunkering market is at a critical juncture due to the double whammy of the geopolitical crisis and the uncertainty surrounding the regulatory framework pertaining to the decarbonization of the shipping industry.“Bunkering has been hit from the trickledown effect of the sanctions against Russia, and this of course has had a serious impact on prices.
Contaminated fuel supplied to some 200 ships in Singapore came from a tanker that loaded the oil from Khor Fakkan port in the United Arab Emirates, the Maritime and Port Authority of Singapore (MPA) said.MPA began investigations after it was notified on March 14 that a number of ships had been supplied with high-sulphur fuel oil (HSFO) containing high concentration levels of chlorinated organic
The Maritime and Port Authority of Singapore, which oversees the world's biggest marine refuelling hub, said it is investigating the suspected contamination of bunker fuel supplied to several ships in the port and had ordered supply of the batch to be halted.At least 14 ships that received tainted high-sulphur fuel oil (HSFO) from Singapore suffered loss of power and engine problems
Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow's exports, five industry sources with knowledge of the matter told Reuters.Losing access to refueling points in the Mediterranean Sea poses major logistical problems for Russian oil tankers going from Baltic ports to Asia and also creates safety
Norway's Yara and Azane Fuel Solutions have signed a deal to create a Scandinavian network of bunker terminals to supply ships with zero-carbon ammonia as marine fuel, the companies said on Friday.They said the network will make "green" ammonia - produced from renewable electricity - available for the shipping industry in the region by 2024
A major bunker fuel contamination has affected at least 14 shipping vessels that received high sulfur fuel oil (HSFO) from Singapore, fuel, and oil testing firm Veritas Petroleum Services (VPS) said.The company said an increasing number of ships were getting affected by the tainted bunker fuel after 34 vessels were identified to have received HSFO deliveries from two unnamed Singapore suppliers
Eastern Pacific Shipping's first LNG-fueled Newcastlemax bulk carrier in an order of 13 ABS-Classed vessels, has recently taken on its first load of LNG bunker fuel at Singapore.The 209,936 DWT dual-fuel vessel, Mount Tourmaline, was built by Shanghai Waigaoqiao Shipbuilding Co., Ltd., China, and delivered to EPS on January 28, 2022.
The Global Center for Maritime Decarbonization (GCMD) has awarded its ammonia bunkering safety study in Singapore to a DNV-led consortium aimed at accelerating the shipping industry's decarbonization efforts, the Center said in a statement on Wednesday."A precursor to the demonstration of ammonia bunkering in Singapore
Fincantieri Bay Shipbuilding announced it has started construction on the largest liquefied natural gas (LNG) bunkering barge ever built in the U.S.The newbuild, expected to be completed in late 2023, is being built for Crowley, the largest independent operator of tank vessels in the U.S., who will operate the vessel under a long-term charter with Shell NA LNG, LLC.
China more than halved the volume of export quotas for refined fuel, predominantly gasoline, diesel and aviation fuel, under the first allotment for 2022, while raising the allowances for low-sulphur fuel oil by 30%, industry sources said on Tuesday.The deep cuts to refined fuel, largely expected by the market
Sturgeon Bay, Wis. shipyard Fincantieri Bay Shipbuilding said it has delivered the 340-ft. liquefied natural gas (LNG) bunkering barge, Clean Canaveral, to Polaris New Energy on Friday, December 3.Built as part of an articulated tug and barge unit (ATB), the 5,500 cubic meter capacity barge is the largest of its kind ever built in the U.S.
The first LNG bunker vessel to be based in France has successfully completed sea and gas trials, marking another step towards the delivery and operational start-up.The new vessel, named Marseille, is TotalEnergies Marine Fuels’ second collaboration with shipowner Mitsui O.S.K. Lines, Ltd. (MOL) and shipbuilder, Hudong-Zhonghua Shipbuilding.