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Europe's Emissions Trading Revolution for Shipping is One Month Away

Europe's Emissions Trading Revolution for Shipping is One Month Away

One of the largest regulatory changes for shipping and bunkering of recent years is just a month away.
  1. 01Dec
    Three companies have been added to OFAC's list over links to Russia. Read in Full
  2. 01Dec
    The CEOs of AP Moller-Maersk, CMA CGM, Hapag Lloyd, MSC and Wallenius Wilhelmsen issued the document at COP28 on Friday. Read in Full
  3. 01Dec
    The company is working with MAN Energy Solutions and Hyundai Heavy Industries on the possibility of making the vessels capable of running on ammonia. Read in Full
  4. 01Dec
    The IMO Assembly this week confirmed Dominguez as the next secretary general, meaning he will take up the role from January 1. Read in Full
  5. 01Dec
    The event, being held at the Grosvenor House Hotel in London on February 26, is almost fully booked. Read in Full
  6. 01Dec
    The new hire previously served as a senior bunker trader and consultant for IBT Bunkering & Trading from May 2019 to last month. Read in Full
  7. 01Dec
    Ship & Bunker's G20-VLSFO Index reached the highest level since November 24 on Thursday. Read in Full
  8. 01Dec
    The firm has opened the account to allow it to trade in EU allowances. Read in Full
  9. 01Dec
    A 'well-known reputable trading house' is seeking to hire a trader in London, Maritime Recruitment Company Ltd tells Ship & Bunker. Read in Full
  10. 01Dec
    The company carried out its first ISCC-certified delivery on Wednesday, delivering a biofuel blend to a cruise ship in Singapore. Read in Full

IBIA Annual Convention 2023 Dubai Read More

  1. IBIA CONVENTION: Viking Marine Sees Little Cause for Quantity Disputes in Fujairah
    Nov 15
    Viking Marine Services data show bunker quantity disputes at Fujairah are a relatively small problem compared with other locations.
  2. IBIA CONVENTION: Investment for New Bunker Fuels Seen Driving Consolidation
    Nov 14
    The costs involved in getting into alternative fuel supply could drive a consolidation of the bunker industry, according to DNV's Martin Wold.
  3. IBIA CONVENTION: Shipping Firms Need Long-Term Supply Deals to Secure Biofuels - Neutral Fuels
    Nov 14
    Karl Feilder of Neutral Fuels suggests shipping is struggling to compete with aviation to secure biofuel supply.
  4. IBIA CONVENTION: MPA's Next Digitalisation Step is Automating MFM Data Flow
    Nov 14
    The MPA's Thomas Ting addressed the IBIA Annual Convention 2023 in Dubai last week via a pre-recorded video.
  5. IBIA CONVENTION: Cockett CEO Sees CII Regulation Raising Bunker Use for Some Ships
    Nov 13
    "It creates a lot of complexity on the operational side, but it also has a real-life impact," Cockett's Cem Saral said at the IBIA convention last week.
  6. IBIA CONVENTION: Singapore Mandatory MFMs Increased Surveyor Demand - Viking Marine
    Nov 13
    "There's a lot of checks that have to be done ," Viking Marine Services tells conference delegates in Dubai.
  7. IBIA CONVENTION: Lack of Willingness for Transparency Seen as Key Barrier to Bunker Industry Digitalisation
    Nov 13
    IBIA presented the results of its digitalisation survey at its annual convention last week.
  8. IBIA CONVENTION: Bunker Holding Seeks More Focus on '2nd and 3rd Movers' in Decarbonisation
    Nov 10
    Bunker Holding's Maria Skipper Schwenn discusses the need to keep slower movers on board with the green transition.
  9. IBIA CONVENTION: Glander Notes Drop in Average Fujairah Bunker Stem Size
    Nov 10
    Larger stems several thousand tonnes in size are now seen less often in Fujairah, according to Glander International Bunkering's Sean Burgin.
  10. IBIA CONVENTION: Cockett Sees Bunker Hub Locations Changing as Alternative Fuels Emerge
    Nov 10
    Cockett CEO Cem Saral argues the future production hubs for alternative fuels do not necessarily match up with current bunkering hubs.

Demand at key marine fuel hubs advanced on a yearly basis but slipped on the quarter in the second quarter of 2023, according to the latest market survey of bunker sales volumes in 17 leading global locations.

Click to Read in Full

Top Stories More

  1. Maersk Tankers Orders Up to 10 Very Large Ammonia Carriers
    Dec 01
    The company is working with MAN Energy Solutions and Hyundai Heavy Industries on the possibility of making the vessels capable of running on ammonia.
  2. INTERVIEW: Shipergy's Daniel Rose on Plans for Expansion
    Nov 28
    Shipergy CEO Daniel Rose discusses the firm's expansion plans and the outlook for the marine fuels market in an interview with Ship & Bunker.
  3. Seven EU Countries Call for Pause to Shipping's EU-ETS Inclusion
    Nov 27
    Seven EU countries have written to the European Commission calling for a pause because of the risk of driving business away from European ports.
  4. Wärtsilä Launches First 4-Stroke Ammonia-Fuelled Engine
    Nov 15
    Viridis Bulk Carriers is planned to be the first shipowner taking on the new system, targeting the signing of a contract early next year.
  5. Bunker Holding Seeks to Join Methanol Market
    Nov 15
    The company recently participated -- as yet unsuccessfully -- in two tenders launched by shipping companies seeking green methanol deals, Bunker Holding's Carlos Torres tells Ship & Bunker.

Insights & Analysis More

  1. Europe's Emissions Trading Revolution for Shipping is One Month Away
    Dec 01
    One of the largest regulatory changes for shipping and bunkering of recent years is just a month away.
  2. INTERVIEW: Shipergy's Daniel Rose on Plans for Expansion
    Nov 28
    Shipergy CEO Daniel Rose discusses the firm's expansion plans and the outlook for the marine fuels market in an interview with Ship & Bunker.
  3. VPS: Using Data to Improve Fuel Procurement and Fuel Efficiency
    Nov 21
    John Oosthoek and Ruben Hofsli of testing and decarbonisation advisory firm VPS discuss ways of cutting emissions through fuel efficiency.
  4. VIEWPOINT: Winds of Change in the Bunker Industry
    Nov 17
    Chris Morgan, the new head of credit and compliance at marine fuel procurement company Shipergy, discusses the bunker industry's now rapid pace of change.
  5. ANALYSIS: Singapore Monthly Bunker Sales Climb to Highest Level Since July
    Nov 15
    October's was up by 3.2% from the same month a year earlier and by 3% from September's level.
  6. INTERVIEW: ZeroNorth Bunker Now Covers a Fifth of All Marine Fuel Sales
    Nov 14
    ZeroNorth Bunker's Kenneth Juhls tells Ship & Bunker the firm is aiming to break even next year after a period of rapid growth through acquisitions.
  7. IBIA CONVENTION: IBIA Chairman Puts MFM Cost at $0.02/MT Over Barge Lifetime
    Nov 09
    Fratelli Cosulich saw an immediate advantage when Singapore made the use of MFMs mandatory in 2017, Tim Cosulich said at the IBIA Annual Convention.
  8. FEATURE: 12 Years of an Alleged Scam Targeting the Bunker Industry
    Nov 07
    A single individual is alleged to have been scamming bunker industry participants for at least 12 years, a Ship & Bunker investigation reveals.
  9. Maersk Heads for Seven-Year Low in Bunker Consumption as Fuel Efficiency Improves
    Nov 06
    Maersk is heading for total bunker consumption this year of 9.767 million mt, down by 7.7% from 2022 and the lowest annual total since 2016.

Decarbonisation and Alternative Marine Fuels & Power More

  1. Leading Shipping CEOs Call for End to Conventionally-Fuelled Vessel Orders
    Dec 01
    The CEOs of AP Moller-Maersk, CMA CGM, Hapag Lloyd, MSC and Wallenius Wilhelmsen issued the document at COP28 on Friday.
  2. Europe's Emissions Trading Revolution for Shipping is One Month Away
    Dec 01
    One of the largest regulatory changes for shipping and bunkering of recent years is just a month away.
  3. Maersk Tankers Orders Up to 10 Very Large Ammonia Carriers
    Dec 01
    The company is working with MAN Energy Solutions and Hyundai Heavy Industries on the possibility of making the vessels capable of running on ammonia.
  4. Fratelli Cosulich Opens EU ETS Trading Account
    Dec 01
    The firm has opened the account to allow it to trade in EU allowances.
  5. Bunker Supplier ScanOcean Opens New Office in Gothenburg
    Nov 30
    The new office will have a particular focus on solutions for compliance with the European Union's emissions trading system for shipping.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 622.00 8.50 840.50 7.50 482.00 10.00
Global 20 Ports Average 660.50 6.50 885.00 0.00 528.00 4.50
Global Average Bunker Price 708.50 4.50 944.00 7.50 557.00 3.00
Singapore 666.50 8.50 804.50 6.50 488.00 10.50
Rotterdam 586.50 10.00 816.00 5.50 494.50 9.50
Fujairah 646.50 8.50 921.50 1.50 454.00 10.50
Houston 589.50 8.50 820.00 15.50 491.50 9.50
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 621.50 1.00 - 540.50 6.00
Hong Kong 667.50 1.00 780.00 20.00 500.00 7.50
Istanbul 709.00 1.00 903.50 10.00 655.00 7.00
LA / LB 709.50 0.50 976.50 1.00 488.50 3.50
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 620.00 18.00 921.50 1.00 540.50 4.00
Cristobal, Panama - login to view prices or
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Piraeus 661.50 0.00 867.50 8.50 487.50 4.50
Santos 637.50 12.50 1075.00 1.00 -
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