| 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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Shale oil components detected in Singapore marine fuel | VPS
VPS testing identifies 90,000 mt of delivered VLSFO containing Estonian shale oil compounds. |
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IBIA chair completes two-year term, citing expansion in regulatory engagement and membership
Outgoing chair to remain on Global Board and lead Future Fuels and Bunker Buyers’ working groups. |
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LNG and methanol investments risk becoming 'dead ends' for shipping decarbonisation, UCL study finds
Research warns transitional marine fuels may lock in fossil infrastructure rather than enabling an ammonia pathway. |
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Protasov: Renewable fuel supply could meet shipping demand, but offtake agreements remain a barrier
GENA Solutions CEO highlights project pipeline growth but warns regulatory uncertainty hampers investment decisions. |
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Wah Kwong takes delivery of first LNG-ready LR2 tanker with Bureau Veritas SMART notation
Frontier Venture is first in newbuild series to achieve Group 3 'augmented ship' capabilities. |
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IMO calls for expert nominations for methane fuels technical seminar in May
Event to cover LNG, biomethane and e-methane production, safe use and blending. |
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Emvolon to present stranded methane conversion technology at Industry Growth Forum
Company selected from over 270 entrepreneurs to showcase modular fuel production system in Denver. |
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Tsuneishi Shipbuilding delivers world’s first LNG dual-fuel Kamsarmax bulk carrier
Japanese shipbuilder manufactures LNG fuel tank in-house, achieving over 50% EEDI reduction. |
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Incat Crowther designs 80-metre high-speed ro-pax ferry for South Korean Yellow Sea routes
Vessel will transport 572 passengers and 60 cars between Incheon and Ongjin County islands. |
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Grieg Maritime Group orders GT Wings jet sails for Star Kirkenes retrofit
Norwegian shipowner signs contract for two AirWing 20 units with option for three more vessels. |
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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] |
| Moody's downgrades shipping sector outlook [News & Insights] |
| Containerships targets improved profitability via bunker-saving initiatives [News & Insights] |
| Maersk Line introduces Emergency Bunker Surcharge [News & Insights] |
| MOL's annual bunker price jumps 65% [News & Insights] |
| Wah Kwong adds China’s first dual-fuel methanol bunkering vessel to managed fleet [News & Insights] |