Low Sulphur Fuel Oil News

Ocean Network Express (ONE) has launched a reduced emissions shipping service ONE LEAF+ which offers customers the opportunity to proactively manage their own emissions and minimize environmental impact across the value chain.ONE LEAF+ offers:• Reduced Carbon Footprint: ONE will deploy regulation-compliant alternative fuels on designated vessels, allowing customers to reduce Scope 3 GHG emissions on their shipments with ONE.• Added Transparency: With ONE LEAF+, customers will…

Spot marine biofuel premiums have weakened further at the world's largest bunker hub Singapore, weighed by slow demand, market sources said this week.Premiums for the flagship B24 marine biofuel blend recently traded between $120 to $130 a metric ton over 0.5% low sulphur fuel oil quotes, on a delivered Singapore basis, according to sources from bunker suppliers, trading firms and shipowners.The premiums extended declines from early first quarter when the product traded down to about $140 a ton…

The shipping industry is under increasing pressure to decarbonize, but unclear regulatory guidelines, including around what sorts of cleaner fuels large vessels should run, is complicating that path to net zero, according to executives.Global shipping firms are looking for ways to lower their carbon footprints, particularly as the International Maritime Organization (IMO), which regulates the global shipping industry, is being pushed to implement a charge on the sector's greenhouse gas emissions.The IMO's Maritime Environment Protection Committee concluded its 81st meeting last week…

"So far this year, container volumes have fallen nearly 2% year-on-year while average freight rates have declined, reaching 2019 levels in September. Since then, they have continued to fall. However, the cost to charter a ship remains 25% higher than in 2019,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has year-to-date grown 5% and 19% compared with 2022 and 2019 respectively.

Chevron Marine Products’ Taro Ultra Advanced 40 oil has successfully passed NOL (No Objection Letter) requirements by engine manufacturer WinGD. This follows the earlier NOL award for Taro Ultra Advanced 40 from MAN Energy Solutions. This latest test validates the suitability of the oil for use in WinGD engines operating with liquid fuels containing sulphur in the range 0.00<1.50 % m/m, which includes very low sulphur fuel oil (VLSFO). The test also approved the general usage…

Pakistan National Refinery Limited (NRL) has started producing very low sulphur fuel oil (VLSFO) for ships and is planning to expand its monthly output by at least five-fold in six months, the company said late Tuesday.The company is producing about 2,000 metric tons of VLSFO per month, with the monthly volume likely to increase to 10,000 tons to 12,000 tons over the next six months, NRL told Reuters in an email.NRL announced the production of VLSFO in a notice to the Pakistan Stock Exchange earlier this week, stating that this comes after a "necessary change in crude mix and adjustments in pr

The Global Centre for Maritime Decarbonisation (GCMD) found carbon emissions fell 83% using a vegetable oil biofuel blend compared with marine gasoil in a trial for a dual-fuel liquefied petroleum gas (LPG) carrier, the center said on Tuesday.This was the third of five supply chain bunkering trials that the GCMD has undertaken as part of an $18 million project to test different biofuel blends to reduce carbon emissions. The trials are key to helping the fuel and shipping industries…

Singapore's marine fuel sales, also known as bunker sales, rebounded in July after a sharp decline in June, while monthly container throughput hit a year-to-date high, official data on Monday showed.Bunker sales at Singapore are a key indicator of sentiment at the world's largest refuelling hub for ships, which is also one of the busiest shipping lanes globally.The volume totalled 4.52 million metric tons in July, up 14.9% month-on-month and 9.7% higher year-on-year, Singapore's…

-Monthly sales of marine fuel, also known as bunker fuel, hit over five-year highs at the world's largest refuelling hub Singapore in May as vessel arrivals spiked amid firm container throughput, official data showed on Wednesday.Singapore's bunker sales are an indicator of sentiment at one of the world's major ports and demand also affects fuel oil refining margins in Asia. Sales extended gains for a third consecutive month to 4.52 million tonnes, up 6.2% month-on-month, Singapore's Maritime and Port Authority data showed.

Premiums of marine fuel, also known as bunkers, are set for a bumpy recovery in March in Singapore, the world's largest bunkering port, as refuelling demand from the shipping sector has recently waned, multiple trade sources said.A weaker Singapore bunker market reflects slowing activity at one of the world's most major ports that sits on a crucial shipping lane, while lower demand will also weigh on Asia's fuel oil refining margins.Bunker premiums for the most actively traded very low sulphur fuel oil (VLSFO) grade…

The Global Center for Maritime Decarbonization (GCMD) has completed trials on two supply chains of biofuel blends for vessel bunkering, the center said on Tuesday.The maritime industry has been trying to source for green fuels to reduce carbon emissions ahead of the International Maritime Organization's 2030 and 2050 decarbonization targets. Biofuel bunkering is gaining traction in Singapore, with more than 90 biofuel bunkering operations completed last year, according to Singapore's Maritime and Port Authority.The trials were part of a $18 million global biofuels bunkering project launched by the GCMD in July last year, which is expected to span 12 to 18 months.The two trials took place from Oct. 31 to Feb.

Marine fuel sales at Singapore jumped to a 22-month high in November, latest official data showed on Tueday, as lower prices lifted buying interest at the world's largest bunkering hub.November bunker sales totalled 4.37 million tonnes, climbing 3% month-on-month and up 4% year-on-year, data from Singapore's Maritime and Port Authority showed.The higher sales came despite lower vessel arrivals for bunkering at Singapore, which dipped dipped by 4% month-on-month at 3,299 vessel calls, although edged higher by 3% year-on-year.

Marine fuel sales at the United Arab Emirates' Fujairah, the world's third-largest bunkering hub, slid 2% month-on-month in October as demand slowed.Total sales volumes at Fujairah, excluding lubricants, were at 655,126 cubic metres (about 627,000 tonnes) in October, showed latest data from the Fujairah Oil Industry Zone published by industry information service S&P Global Commodity Insights.The decline was led by a fall in low-sulphur bunker fuel sales, including low-sulphur fuel oil and marine gasoil.

Shipping giant Maersk plans to produce up to two million tonnes of e-methanol a year in Spain by 2030 to supply its fleet of cargo ships and reduce its carbon footprint, the Spanish government said on Thursday.The project will require an investment of about 10 billion euros ($9.75 billion), according to Spanish government calculations, and Spain may enter as a strategic investor. An agreement on the project, which will be partly financed by EU recovery funds, was signed on Thursday in Madrid by Maersk CEO Søren Skou and Prime Minister Pedro Sanchez.

Marine fuel sales at the world's largest bunkering hub Singapore held steady at 4.12 million tonnes in August, with the number of vessel arrivals for bunkering little changed, official data showed Tuesday.Sales for low-sulphur marine fuels were steady to higher from the previous month, though total monthly sales were weighed down by a slight decline in high-sulphur fuel oil (HSFO). "HSFO bunker volumes were lower, potentially due to the two-month suspension of Glencore's bunkering license in Singapore…

Peer-reviewed research by Thordon Bearings into the hydrodynamic lubrication efficiency of a ship’s propeller shaft bearing has found that the use of seawater-lubricated elastomeric polymer bearings reduces fuel consumption.The environmental and financial benefits of adopting a seawater-lubricated propeller shaft system are well documented, but this is the first indication that the arrangement reduces hydrodynamic resistance enough to improve fuel consumption, compared to a conventional…

Divers sealed two tank vents that leaked fuel from a bulk carrier that was damaged and beached after a collision off the British enclave of Gibraltar on the southern tip of Spain, local authorities said on Thursday.The hull of the bulk carrier OS 35 broke after the collision with an LNG tanker and started leaking fuel oil on Wednesday, but the vessel has not broken into two parts."The Captain of the Port confirmed that the leak of low sulphur fuel oil from the tank vents is fully under control," the Gibraltar government said in a statement.The LNG tanker was not significantly affected by the c

The Maritime and Port Authority of Singapore (MPA) and the Port of Rotterdam Authority have signed a memorandum of understanding (MoU) to establish the world’s longest Green and Digital Corridor to enable low and zero carbon shipping.Signed by Quah Ley Hoon, Chief Executive of MPA, and Allard Castelein, CEO of the Port of Rotterdam Authority at the Marina Bay Sands Convention Centre on the sidelines of the biennial World Cities Summit, the MoU will bring together stakeholders across the supply chain to realize the first sustainable vessels sailing on the route by 2027.

Mitsui O.S.K. Lines, Ltd. (MOL) and TotalEnergies Marine Fuels have completed the first refuelling of a ship with biofuels in Singapore, the shipping company said on Wednesday.The ship, a car and truck carrier named Heroic Ace, was refueled using biofuel supplied by TotalEnergies via a ship-to-ship transfer on June 11, MOL said in a statement.The biofuel blend that was used in the trial comprised of very low sulphur fuel oil (VLSFO) blended with 20% second-generation, waste-based and ISCC-certified used cooking oil methyl ester (UCOME), MOL said.

The war in the Ukraine is stifling trade and logistics of the country and the Black Sea region, increasing global vessel demand and the cost of shipping around the world, the UN Conference on Trade and Development (UNCTAD) said. Container shipping and global value chains have been disrupted and many countries have had to look further afield for suppliers of oil, gas and grain.In a report entitled “Maritime trade disrupted: The war in Ukraine and its effects on maritime trade logistics” published on 28 June 28…

Sinopec Fuel Oil (Singapore) Pte Ltd aims to raise its monthly bunker sales volumes by more than 50% after it received a license from the Singapore government this month, the company’s general manager said on Monday.Chinese refiners are expanding their foothold in the global marine fuels sector by increasing sales and output of 0.5% low sulphur fuel oil at key ports in Zhoushan, in China, and Singapore in recent years.The Maritime and Port Authority of Singapore (MPA) awarded the bunker license to Sinopec's Singapore fuel oil unit on June 1, the MPA said on its website, allowing the company to

Chevron Marine Lubricants’ new Taro Ultra Advanced 40 has passed the Main NOL (No Objection Letter) Service and Confirmation field tests by MAN Energy Solutions, which allows the oil’s uninterrupted use in its Mk 9 and later engines.Since the International Maritime organization (IMO) 0.5% sulphur cap came into effect on 1 January 2020, the engine designer has defined two performance standards for lube oils intended for use in their two-stroke engines. To deal with changing fuel variants and engine designs…

Shell Marine received a full No Objection Letter (NOL) from MAN Energy Solutions (MAN ES) for Shell Alexia 40 XC, its Category II (CAT II) 40BN cylinder oil, confirming the successful completion of the full approval process.Alexia 40 XC uses a proprietary and unique formulation, developed by Shell Marine’s in-house Research & Development team. The NOL was received following the conclusion of the Main NOL Service Test and Confirmation Test for Alexia 40XC. The successful approval…