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'Backward Step' of Scrubbers Bans Creates Uncertainty for Shipping Decarbonization Investments: CSA

'Backward Step' of Scrubbers Bans Creates Uncertainty for Shipping Decarbonization Investments: CSA

Scrubbers have been promoted and subsidized by IMO member states for years; withrdawing that support understandably raises concerns over new investments in decarbonization technologies.
  1. 22Oct
    Our message to other countries and ports: do your own risk assessment in your own waters. Read in Full
  2. 21Oct
    Meanwhile, bullish sentiment is expressed for ailing China. Read in Full
  3. 21Oct
    Citing uncertain regulatory environment. Read in Full
  4. 21Oct
    Move would be next logical step from limiting sulphur emissions from ships from 2025. Read in Full
  5. 21Oct
    Ship at anchor and crew safe. Read in Full
  6. 21Oct
    Ship & Bunker's G20-VLSFO Index lost $2.50/mt to the lowest level since October 1 on Friday. Read in Full
  7. 21Oct
    The arrest was made on behalf of law firm Helmsman LLC, and the ship is being held at Singapore's Eastern Anchorage. Read in Full
  8. 21Oct
    The leakage occurred from a Shell land-based pipeline between Bukom Island and Bukom Kecil. Read in Full
  9. 21Oct
    The new hire had previously worked for Termoil as a bunker trader in Greece. Read in Full

Methanol Bunker Prices

Gray Methanol MEOH-VLSFOe MEOH-MGOe
$/mt    +/- $/mte    +/- $/mte    +/-
Singapore 363.50 3.50 747.50 20.00 775.00 21.00
Rotterdam 416.00 0.00 855.50 14.50 886.50 14.50
Houston 385.50 0.50 793.00 16.50 822.00 17.00
Fujairah 249.50 4.00 513.00 21.50 532.00 22.00

Insights & Analysis More

  1. ANALYSIS: Singapore September Sales Climb as Bunker Calls Hit 19-Month Low
    Oct 17
    If the total from the first nine months of the year were to be replicated over the rest of 2024, this year's total for Singapore would reach 53.96 million mt, up by 4.1% from 2023's record high.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.

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. ANALYSIS: Singapore September Sales Climb as Bunker Calls Hit 19-Month Low
    Oct 17
    If the total from the first nine months of the year were to be replicated over the rest of 2024, this year's total for Singapore would reach 53.96 million mt, up by 4.1% from 2023's record high.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

Decarbonisation and Alternative Marine Fuels & Power More

  1. Spain: Repsol Puts Green Hydrogen Projects on Hold
    Oct 21
    Citing uncertain regulatory environment.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 561.50 2.00 678.50 1.50 472.00 3.00
Global 20 Ports Average 602.00 0.50 744.50 2.50 509.00 9.00
Global Average Bunker Price 645.00 2.50 807.50 1.50 545.00 1.50
Singapore 589.00 3.50 656.50 1.50 479.50 3.50
Rotterdam 547.50 0.00 647.00 1.00 488.50 8.00
Fujairah 576.00 4.00 755.50 4.50 453.50 1.50
Houston 534.00 0.50 655.00 2.00 467.00 0.50
Busan - login to view prices or
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Colombo - login to view prices or
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Durban - login to view prices or
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Gibraltar 576.00 1.00 - 544.50 2.00
Hong Kong 599.50 5.00 652.50 4.50 484.00 0.00
Istanbul 615.00 5.50 729.50 3.00 565.50 12.00
LA / LB 587.50 3.50 713.50 0.50 489.50 1.50
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 563.50 0.50 681.00 4.50 545.00 5.50
Cristobal, Panama - login to view prices or
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Piraeus 634.50 3.00 727.50 5.50 519.00 2.00
Santos 584.00 3.00 825.00 4.00 -
Shanghai - login to view prices or
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St Petersburg 576.00 1.00 727.00 5.50 420.00 12.00
Tokyo - login to view prices or
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