Insights & News

Med ECA approved; zero 2050 target gains traction

SOx ECA set for adoption at MEPC 79; NGOs demand stricter measures despite growing support for zero GHGs by 2050.

Gasum commits to making biogas from ship wastewater

Finnish firm to work with ports and treatment plants to process wastewater and biowaste.

Sing Fuels acquires Prime's Bunkersplus Services

'First step' in plan to create global alliance of independent brokerage and trading partners.

GoodFuels and Itochu sign APAC biofuel accord

Tie-up to focus initially on Singapore, then scale up supply to the wider Asia-Pacific region.

Bunker Holding launches five-year plan

Company to focus on advisory role and building 'center of expertise', plus new ESG strategy, departments, staff hires and products.

Delta Energy launches carbon credit desk for bunkers and cargoes

New trading desk aims to support growing ESG demands of owners and cargo charterers.

MOL's annual bunker price jumps 65%

Average price rose by $230 in the fiscal year to March 31.

Gasum secures LNG licence for Belgium

Licence, obtained in March, includes the key port of Zeebrugge.

Glencore, PetroChina named as contaminated fuel suppliers

Singapore fuel said to have contained 15,000 ppm of chlorinated organic compounds.

Monjasa posts reduced profit amid tighter margins

Sales volume and revenue reach record levels, but margins are squeezed.

Hapag sees $270m rise in bunker costs

Fuel consumption up 2.1% due to rise in ship capacity and longer waiting times.

Norden's bunker costs up $101m in 2021

Shipper spent $659m on marine fuel last year — an 18.1% rise.

Maersk spent $1.5bn more on bunkers in 2021

Average fuel price jumped 30.1% to $484 per tonne.

PetroChina regains top supplier spot in Singapore

Equatorial and Shell make top three; Hong Lam, Sirius and TFG rise the most.

Singapore posts second-highest yearly bunker sales

Marine fuel volume climbed 0.3 percent to 49.989m tonnes in 2021.