| Year | $bn | +/-($bn) | +/-(%) |
| 2021 | 5.369 | +1.534 | +40.0 |
| 2020 | 3.835 | -0.731 | -16.0 |
| 2019 | 4.566 | -0.476 | -9.4 |
| 2018 | 5.042 | +1.670 | +49.5 |
| 2017 | 3.372 | +1.349 | +66.7 |
| Year | Price($/mt) | +/-($) | +/-(%) |
| 2021 | 484 | +112 | +30.1 |
| 2020 | 372 | -40 | -9.7 |
| 2019 | 412 | -12 | -2.8 |
| 2018 | 424 | +103 | +32.1 |
| 2017 | 321 | +98 | +43.9 |
| Year | MMT | +/- MMT | +/-(%) |
| 2021 | 11.090 | +0.768 | +7.4 |
| 2020 | 10.322 | -0.770 | -6.9 |
| 2019 | 11.092 | -0.802 | -6.7 |
| 2018 | 11.894 | +1.499 | +14.4 |
| 2017 | 10.395 |
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Seaspan and Technolog unveil LNG feeder design with four-week ammonia conversion pathway
Lloyd’s Register grants approval for a 3,370 TEU vessel concept designed for swift transition to zero-carbon fuel. |
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Singapore’s MPA backs LNG as part of multi-fuel strategy for shipping decarbonisation
Authority emphasises regulatory frameworks and workforce development as sector navigates geopolitical uncertainty and energy transition. |
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ABS and PIL partner on book-and-claim emissions verification
Classification society to verify fuel consumption and emissions data for shipping line’s alternative fuel claims. |
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Vast completes first biofuel bunkering of tugboat at Brazil’s Port of Açu
Be8’s BeVant biofuel claims up to 99% CO₂ reduction versus conventional marine diesel. |
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Ningbo-Zhoushan Port completes first ship-to-ship green methanol bunkering
Zhejiang province port facility delivered 503 tonnes of methanol to a container ship in one hour. |
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KPI OceanConnect launches podcast series on bunker markets and geopolitical risk
Marine fuel supplier debuts audio series examining commodity markets, trade route disruptions and Middle East tensions. |
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Auramarine to host webinar on biofuels as a marine decarbonisation solution
Finnish firm's May event will explore current biofuel options and integration strategies for vessels. |
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Malik adds bunker trader, technology head and canteen worker
Danish marine fuels group expands team with three appointments across commercial, technical and operational functions. |
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AET outlines multi-fuel decarbonisation strategy at Marine Money 2026
Tanker operator highlights innovative commercial arrangements with charterers to share decarbonisation risks and rewards. |
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Titan Clean Fuels completes first FuelEU Maritime pooling exercise with DNV verification
Pool included several hundred vessels, with LNG and biomethane helping balance compliance deficits. |
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| PetroChina regains top supplier spot in Singapore [News & Insights] |
| BP and Maersk Tankers complete B30 biofuel trials [News & Insights] |
| Maersk orders eight large methanol-fuelled boxships [News & Insights] |
| Bound4blue establishes China production base for wind propulsion systems [News & Insights] |
| DHL and CMA CGM partner on 8,990-tonne biofuel purchase for ocean freight decarbonisation [News & Insights] |
| IMO seminar examines biofuels’ role in maritime decarbonisation [News & Insights] |
| Dual-fuel container ship and vehicle carrier fleet reaches 400 vessels [News & Insights] |
| Maersk retrofits 200 time-chartered vessels to cut fuel costs and emissions [News & Insights] |