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SIBCON 2024: Equatorial Marine Fuel to Receive First Methanol Barge by End of 2024

SIBCON 2024: Equatorial Marine Fuel to Receive First Methanol Barge by End of 2024

The firm has a total of four bunker delivery vessels capable of handling methanol on the way by the end of 2025, COO Choong Sheen Mao tells Ship & Bunker.
  1. 15Oct
    The partnership is aimed at advancing industry standards and ensuring the efficiency and integrity of bunker supply operations globally. Read in Full
  2. 15Oct
    The company has won both ISCC Plus and ISCC EU certifications, demonstrating its sustainability credentials and its reliability as a biofuel supplier. Read in Full
  3. 15Oct
    The firm's new service, using its barge Winner, will be available at Albanian ports and also at anchorage in Durres Bay or Offshore Porto Romano. Read in Full
  4. 15Oct
    The new hire had previously worked as a marine fuels trader for South African Bunkering and Trading since February 2015. Read in Full
  5. 15Oct
    The firm has signed a deal to charter Avenir LNG's 7,500 m3 Avenir Aspiration for multiple years upon its delivery in Europe in 2025. Read in Full
  6. 15Oct
    The two chartered barges will be deployed at Mumbai and deliver VLSFO, HSFO and MGO, a company representative tells Ship & Bunker. Read in Full
  7. 15Oct
    The company is looking for candidates with previous experience as a bunker trader and an established portfolio. Read in Full
  8. 15Oct
    Mustafa El Zein, new fuels advisor at Glander International Bunkering, discusses recent developments in the LNG bunker market. Read in Full
  9. 15Oct
    Ship & Bunker's G20-VLSFO Index lost $1.50/mt to $622.50/mt on Monday, having reached the highest level since October 3 in the previous session. Read in Full

Methanol Bunker Prices

Gray Methanol MEOH-VLSFOe MEOH-MGOe
$/mt    +/- $/mte    +/- $/mte    +/-
Singapore 373.00 5.50 767.50 5.00 796.00 5.50
Rotterdam 409.00 0.50 841.00 11.50 872.00 12.00
Houston 377.50 1.50 776.50 24.50 805.00 25.50
Fujairah 260.00 1.50 534.50 16.00 554.00 16.50

Insights & Analysis More

  1. INSIGHT: LNG and Bio-LNG Infrastructure, Demand and Price Drivers
    Oct 15
    Mustafa El Zein, new fuels advisor at Glander International Bunkering, discusses recent developments in the LNG bunker market.
  2. INTERVIEW: World Fuel Services Promotes Benefits of Bunker Additives
    Oct 07
    Based on a rough straw poll of its larger customers, World Fuel estimates about half of them are using additives in their fuel at least some of the time, the company tells Ship & Bunker.
  3. MARKET SURVEY: Q2 Bunker Hub Demand Jumped by 1.9% on Year With Red Sea Diversions
    Oct 03
    Global bunker hub demand continued to climb on a yearly basis in Q2, with Red Sea diversions the largest factor setting the market's direction.
  4. INTERVIEW: Fratelli Cosulich Sees Strong Prospects for Methanol Bunkers in Asia
    Oct 01
    New methanol production coming online in Asia will provide opportunities for its use as a bunker fuel there, Fratelli Cosulich's Guido Cardullo tells Ship & Bunker.
  5. VPS: Is Your Vessel Fully Protected From the Dangers of Poor-Quality Fuel?
    Oct 01
    Steve Bee, group commercial director of VPS, discusses how to avoid fuel quality problems affecting your ship.
  6. INSIGHT: Engine Performance is Key to Emissions Abatement
    Sep 25
    Matthias Winkler of fuel analysis firm CMT discusses ways shipowners can improve efficiency by paying closer attention to engine performance.
  7. VPS: What Offshore Vessel Owners Need to Know About the New EU Regulations
    Sep 25
    VPS sets out its guidance on upcoming changes to EU regulations for the offshore segment.
  8. IMO MEPC Meeting Must Bring Regulation Clarity to Drive Green Fuel Production: IBIA
    Sep 18
    Investors in decarbonisation projects will be waiting for more clarity on regulations before committing to new activity, IBIA's Edmund Hughes tells Ship & Bunker.
  9. ANALYSIS: Singapore August Bunker Sales Gain 6.5% on Year
    Sep 16
    Singapore's 2024 sales are heading for a gain of 4.6% from 2023's record high.

Demand at the 17 hubs overall at 138.1 million mt in 2023, up by 1.8% on the year and the most since 2021.

Click to Read in Full

Yemen & Red Sea Attacks

  1. UK Reports New Ship Attack in Red Sea
    Oct 10
    The ship came under attack about 70 nautical miles south-west of Al Hudaydah at 00:10 AM UTC on Thursday.
  2. Rise in Shipping Traffic Prompts Mauritius to Protect Part of Coastline
    Oct 01
    Change of status should come into force next year
  3. Second Ship Attack Reported in Red Sea
    Oct 01
    The ship came under attack about 97 nautical miles north-west of Al Hudaydah at 4:15 AM UTC on Tuesday, following a separate incident earlier in the morning.
  4. UK Reports New Ship Attack in Red Sea
    Oct 01
    The ship came under attack about 64 nautical miles north-west of Al Hudaydah at 1:40 AM UTC on Tuesday.
  5. Israeli Targets Yemeni Ports for Airstrikes
    Sep 30
    Israeli aircraft attacked the ports of Ras Isa and Hodeidah on Sunday.

Top Stories More

  1. SIBCON 2024: Equatorial Marine Fuel to Receive First Methanol Barge by End of 2024
    Oct 15
    The firm has a total of four bunker delivery vessels capable of handling methanol on the way by the end of 2025, COO Choong Sheen Mao tells Ship & Bunker.
  2. SIBCON 2024: Minerva Bunkering Acquires Bomin Group
    Oct 09
    The acquisition will add to Minerva's supply footprint in the Americas, Minerva CEO Tyler Baron tells Ship & Bunker.
  3. Bunker One to Launch LNG Bunker Physical Supply From January
    Oct 09
    The firm will add physical LNG and mass balanced LBM to its supply portfolio in Northwest Europe from January 2025.
  4. INTERVIEW: World Fuel Services Promotes Benefits of Bunker Additives
    Oct 07
    Based on a rough straw poll of its larger customers, World Fuel estimates about half of them are using additives in their fuel at least some of the time, the company tells Ship & Bunker.
  5. Peninsula to Charter Three New Methanol Tankers From HTM
    Oct 04
    The ships will be able to deliver both biofuel blends -- up to 100% in biofuel content -- and methanol.

Decarbonisation and Alternative Marine Fuels & Power More

  1. SIBCON 2024: EMSA to Look Into Nuclear Propulsion
    Oct 14
    EMSA is is planning to publish a report on nuclear propulsion next year, Executive Director Maja Markovčić Kostelac tells Ship & Bunker.
  2. SIBCON 2024: Maersk Keeps an Open Mind on Nuclear Propulsion
    Oct 14
    Nuclear is one of the long-term options under consideration at Maersk, Maersk Oil Trading CEO Emma Mazhari tells Ship & Bunker.
  3. SIBCON 2024: Former IMO SG Sees 2040 GHG Target as Biggest Concern
    Oct 14
    The 2040 indicative checkpoint for GHGs goal will require much more work for the shipping industry to achieve, the IMO's secretary general emeritus tells Ship & Bunker.
  4. SIBCON 2024: Shipping Executive Casts Doubt on Usefulness of Carbon Capture
    Oct 11
    The technology's downsides may prove insurmountable in many cases, according to one shipping executive.
  5. SIBCON 2024: Carbon Capture Providers Waiting for IMO Regulatory Support
    Oct 09
    The industry is waiting for a revision of the IMO's CII regulation to take into account carbon capture systems' savings in GHG emissions, a carbon capture provider tells Ship & Bunker.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 586.00 2.50 710.50 4.50 491.50 3.50
Global 20 Ports Average 622.50 1.50 765.50 0.50 517.50 1.50
Global Average Bunker Price 660.00 0.00 836.00 1.00 559.00 1.00
Singapore 614.50 5.50 689.00 7.00 493.50 1.00
Rotterdam 562.50 0.50 683.50 1.50 519.00 10.00
Fujairah 603.00 1.50 769.00 6.50 469.50 1.50
Houston 564.00 1.50 701.50 2.50 483.00 2.00
Busan - login to view prices or
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Durban - login to view prices or
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Gibraltar 593.00 7.50 - 563.00 1.50
Hong Kong 620.00 2.00 686.50 3.50 488.00 6.00
Istanbul 643.50 0.50 767.00 3.00 577.00 11.50
LA / LB 635.50 14.50 769.00 3.50 516.50 0.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 594.00 2.00 729.00 2.00 554.50 1.00
Cristobal, Panama - login to view prices or
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Piraeus 650.50 5.50 756.00 2.00 524.00 1.00
Santos 611.50 15.00 835.50 3.00 -
Shanghai - login to view prices or
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St Petersburg 570.00 0.00 727.50 0.00 400.00 0.00
Tokyo - login to view prices or
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