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INTERVIEW: Singapore Maritime Institute Sets Out Uncertain Alternative Fuels Future
"Singapore cannot hope to be everything to everyone."
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16AprMeanwhile, Russia says it's ready to support export curbs. Read in Full
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16AprThe total does not include the likely higher cost of zero-carbon fuels compared to conventional bunkers. Read in Full
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16AprThe Shell-chartered 170,000 m3 LNG carrier Methane Patricia Camila tested the system at various speeds during normal operations after its retrofit in October 2020. Read in Full
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16AprThe bank's report, titled 'The Potential of Zero-Carbon Bunker Fuels in Developing Countries', analyses the prospects of biofuels, hydrogen, ammonia and synthetic carbon-based fuels in the future of the marine fuels industry. Read in Full
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16AprThe well-to-tank carbon emissions associated with the cargo have been offset using carbon credits from Natural Climate Solutions projects. Read in Full
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16AprThe latest study reports well-to-wake GHG emissions reduction compared to VLSFO-fuelled equivalent ships of 14-23% for two-stroke slow-speed engines, and 6-14% for four-stroke medium-speed engines. Read in Full
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15AprBut Wood Mackenzie warns that oil could plunge to $10 by 2050. Read in Full
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15AprHave you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 8 – April 14, 2021. Read in Full
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15AprThe company has installed and calibrated one of the meters on its barge the MTS Sydney, chartered from UniBarge, at Rotterdam. Read in Full
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15AprInstallations had been expected to slow significantly after the crude collapse a year ago delivered a much narrower price spread between HSFO and VLSFO, a key measure of the savings to be made by investing in the technology. Read in Full
With the ongoing Coronavirus pandemic restricting opportunities for traditional training, Ship & Bunker has partnered with Refinery Automation Institute (RAI) to launch its first online bunker training course. Learn More →
Top Stories
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Apr 16"Singapore cannot hope to be everything to everyone." -
Apr 14Panelists at IBIA's Shipping & Bunkering in Transition conference said as much as 10% of traditional financing for the bunker industry has disappeared, and new lending is only available at a much higher cost. -
Apr 13Monjasa's bunker sales volumes jumped to 4.9 million mt last year, while profits gained 13.2% to $30 million. -
Apr 13Singapore's first-quarter total has reached 12.72 million mt, down by 0.8% from the same period of 2.020 -
Apr 12Several port authorities across the world have now banned open-loop scrubber washwater discharge in their territory on the grounds of marine environment protection. -
Apr 09Corrosive washwater from scrubbers can damage the pipes if inappropriate materials are used for them, risking water ingress. -
Apr 06About 3% of the samples VPS received last year were found to be non-compliant on sulfur levels, and this rate has risen to about 7% so far in 2021. -
Apr 06The company traded a total of 7.1 million barrels/day of crude and refined products in 2020, down from 8 million b/d the previous year. -
Mar 29USTC plans to use BunkerEx to drive digitalisation across the group; co-founder Hemnani will continue as CEO. -
Mar 25IMO has now published the official bunker consumption data for 2019.
Insights & Analysis More
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Apr 16"Singapore cannot hope to be everything to everyone."
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Apr 14Panelists at IBIA's Shipping & Bunkering in Transition conference said as much as 10% of traditional financing for the bunker industry has disappeared, and new lending is only available at a much higher cost.
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Apr 13Monjasa's bunker sales volumes jumped to 4.9 million mt last year, while profits gained 13.2% to $30 million.
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Apr 13Singapore's first-quarter total has reached 12.72 million mt, down by 0.8% from the same period of 2.020
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Mar 15Bunker demand in Q4 lost 8.1%. "What comes immediately to mind is that it could all have been a lot worse," says BLUE Insight's Tolson.
Latest Bunker Prices See All Bunker Prices
| VLSFO | MGO | IFO380 | ||||
|---|---|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | $/mt | +/- | |
| Global 4 Ports Average | 502.50 | 4.00 | 565.00 | 11.50 | 391.50 | 3.00 |
| Global 20 Ports Average | 514.50 | 3.50 | 575.00 | 11.50 | 397.50 | 3.50 |
| Global Average Bunker Price | 525.00 | 3.50 | 612.50 | 10.00 | 425.00 | 3.50 |
| Singapore | 512.50 | 8.50 | 545.00 | 20.00 | 399.00 | 7.50 |
| Rotterdam | 491.50 | 3.00 | 535.00 | 10.00 | 387.50 | 3.00 |
| Fujairah | 512.00 | 3.00 | 605.00 | 3.00 | 402.00 | 5.00 |
| Houston | 494.00 | 1.00 | 575.50 | 13.50 | 378.00 | 7.00 |
| Busan |
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| Colombo |
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| Durban |
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| Gibraltar | 508.50 | 8.50 | - | 407.50 | 6.50 | |
| Hong Kong | 502.00 | 1.50 | 518.50 | 6.00 | 405.50 | 4.50 |
| Istanbul | 521.50 | 3.00 | 584.00 | 25.00 | 417.00 | 9.50 |
| LA / LB | 516.00 | 2.50 | 598.00 | 0.00 | 405.50 | 0.00 |
| Las Palmas |
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| Mumbai |
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| New York | 504.50 | 0.00 | 581.00 | 25.00 | 393.50 | 3.00 |
| Cristobal, Panama |
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| Piraeus | 530.50 | 10.00 | 562.00 | 14.00 | 407.50 | 12.00 |
| Santos | 510.00 | 6.00 | 645.00 | 28.00 | - | |
| Shanghai |
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| St Petersburg |
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| Tokyo |
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Top Bunker Prices All Prices
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Global 20 Ports Average | 514.50 | 3.50 | 575.00 | 11.50 |
| Global 4 Ports Average | 502.50 | 4.00 | 565.00 | 11.50 |
| Global Average Bunker Price | 525.00 | 3.50 | 612.50 | 10.00 |
| Singapore | 512.50 | 8.50 | 545.00 | 20.00 |
| Fujairah | 512.00 | 3.00 | 605.00 | 3.00 |
| Rotterdam | 491.50 | 3.00 | 535.00 | 10.00 |
| Houston | 494.00 | 1.00 | 575.50 | 13.50 |
Bunker Jobs
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Apr 08The company is looking for candidates with one to three years of experience. -
Apr 02Very high basic salaries and very flexible working conditions await. -
Mar 26The firm is looking for candidates with at least three years of experience in the shipping or bunker industry. -
Mar 25The company is looking for candidates with experience working with physical products and derivatives. -
Mar 23The firm is looking for candidates with at least two years of experience of sales or trading and a degree in business, economics, finance, accounting, entrepreneurship, marketing or a related field. -
Mar 22The company is looking for candidates with four or five years of experience and a formal degree in electrification, automation or cybernetics. -
Mar 19The new hire will "drive the UK government's work for the maritime sector both domestically and internationally." -
Mar 19The new hire could be a recent graduate with a relevant education and a commercial focus. -
Mar 18The firm is looking for candidates with three to five years' experience in the bunker industry. -
Mar 18The company is looking for candidates with experience analysing macro and micro economic data.
Popular Now More
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Apr 14Panelists at IBIA's Shipping & Bunkering in Transition conference said as much as 10% of traditional financing for the bunker industry has disappeared, and new lending is only available at a much higher cost.
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Apr 14Singapore has long been the world's largest hub for conventional bunker fuels, with annual sales close to 50 million mt in 2020, but has been slower than some ports in Europe to build up LNG bunker demand. -
Apr 15The firm has announced it will be seeking carbon neutrality in its 'full value chain' by 2040, as well as a 30% cut in emissions from 2018's levels by 2030. -
Apr 15Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 8 – April 14, 2021. -
Apr 15The Kira Oldendorrf was bunkered in Singapore with biofuel supplied by Goodfuels. -
Apr 13Monjasa's bunker sales volumes jumped to 4.9 million mt last year, while profits gained 13.2% to $30 million.
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Apr 16"Singapore cannot hope to be everything to everyone."