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CMA CGM May Double Methanol-Fuelled Boxship Order

CMA CGM May Double Methanol-Fuelled Boxship Order

The company announced an order of six 15,000 TEU dual-fuel ships with methanol propulsion in July.
  1. 07Dec
    While the organisation is supportive of the measure in the short term, its members believe it would not deliver equitable emissions reductions if used as a framework for future regulations. Read in Full
  2. 07Dec
    Oliver Foster has joined the company as credit manager in the UK as of this month. Read in Full
  3. 07Dec
    Kerolos Labib joined the Dubai office as bunker trader in October, while Muriuam Saeed joined as senior base oils trader the same month. Read in Full
  4. 07Dec
    In 2022 over previous year. Read in Full
  5. 07Dec
    With a combination of physical and comparable ship type data. Read in Full
  6. 07Dec
    The status allows the EDF and ZESTAs to attend IMO meetings and provide input into the organisation's work developing regulations. Read in Full
  7. 07Dec
    The firm is looking for candidates with at least three years of experience in Singapore's bunker industry. Read in Full
  8. 07Dec
    Move in line with growing demand for methanol as marine fuel. Read in Full
  9. 07Dec
    Shift is working with Japan's Terasaki Electric Co on the project. Read in Full
  10. 07Dec
    But the Middle East is thriving in an inflationary world. Read in Full

IBIA Annual Convention 2022

  1. IBIA CONVENTION: 'Great Time for Collaboration' in Bunker Industry
    Nov 28
    Bunker market participants should to more to reach out to each other across the world to find solutions to each other's problems, according to consultant Eric Evans.
  2. IBIA CONVENTION: Maersk Sees 'Get on and Do Something' Attitude Needed for Decarbonisation
    Nov 28
    Shipping companies need to step up and take action in the short term rather than talking more, according to Mikkel Kannegaard of Maersk Oil Trading.
  3. IBIA CONVENTION: Maersk Sees Carbon Capture as Potential Short-Term Decarbonisation Option
    Nov 25
    "It's not something that we see as a major step on the way, but it can solve a few things along the way," Maersk Oil Trading's Mikkel Kannegaard said at the IBIA convention.
  4. IBIA CONVENTION: Market Downturn Not Yet Slowing Shipping's Green Transition
    Nov 23
    Almost every discussion at last week's convention ended up turning to the theme of decarbonisation before long, and speakers said the current downturn was not yet sharp enough to postpone the green transition.
  5. IBIA CONVENTION: Americas Markets Sceptical Over Need for Licensing and MFMs
    Nov 23
    Panelists at the Houston-based conference said the need for these regulatory developments was less urgent in the Americas.
  6. IBIA CONVENTION: Bunker One USA Sees 30-40% Increase in Barge Renewal Costs
    Nov 23
    Georgia Kounalakis, managing director of Bunker One USA, mentioned the rising costs in a panel session at the IBIA Annual Convention 2022 in Houston last week.
  7. IBIA CONVENTION: Access to Credit Will Require Improved Compliance and Transparency in 2023
    Nov 22
    "I think the elephant in the room is fraud," Point Bonita Capital's Ross Berger told a panel session at the IBIA convention last week.
  8. IBIA CONVENTION: Gloomy Forecasts for Bunker Industry's Prospects in 2023
    Nov 22
    The inflation that came alongside this year's advance in energy markets is now raising concerns over the central-bank response bringing a global recession.
  9. IBIA CONVENTION: Boxship Bunker Demand 'Down 20% on Year'
    Nov 22
    Hartree's Marc Holm sees inflation as the main driver for weaker boxship demand.
  10. IBIA CONVENTION: Uncertainty Over How to Implement Bunker Industry Code of Conduct
    Nov 22
    IBIA is in the process of revising its code of ethics into an enforceable code of conduct.

Top Stories More

  1. EU to Implement Emissions Trading for Shipping From 2024
    Nov 30
    The system will be phased in over three years, with the system starting in 2024 with 40% of the costs due, 70% in 2025 and 100% from 2026 onwards.
  2. S&B ANALYSIS: HSFO Surge Sends Singapore Bunker Sales to 11-Month High
    Nov 14
    October's total was down by less than 0.1% from the same month a year earlier, but up by 7.1% from September's level.
  3. Bunker Holding Plans Biofuels Expansion
    Nov 14
    The company has not set out whether its expansion will involve a new brand within Bunker Holding.
  4. Enagas Unit to Build LNG Bunker Barge for Canary Islands Market
    Nov 11
    Enagas-owned Scale Gas has been awarded EUR 15 million of funding from the Spanish Ministry of Transport, Mobility and Urban Agenda to support the vessel's construction.
  5. Global Energy Trading Orders Singapore's First Methanol Bunker Delivery Vessel
    Nov 03
    Global Energy Trading soon plans to add biofuel blends to the range of marine fuels it offers, and will start offering methanol from 2024.

Insights & Analysis More

  1. VIEWPOINT: The Myth of Cheap Bunkers
    Nov 28
    Bunker buyers need to consider other factors beyond finding the cheapest fuel, according to Maaz Ahmed of Oilmar Shipping and Chartering.
  2. S&B ANALYSIS: HSFO Surge Sends Singapore Bunker Sales to 11-Month High
    Nov 14
    October's total was down by less than 0.1% from the same month a year earlier, but up by 7.1% from September's level.
  3. VPS: The Importance of Bunker Fuel Chemical Screening
    Nov 03
    Steve Bee of global testing firm VPS sets out how bunker fuel screening can be deployed to avoid fuel-quality problems.

Decarbonisation and Alternative Marine Fuels & Power More

  1. Don't Use CII Framework as Benchmark for IMO Decarbonisation Measures: INTERCARGO
    Dec 07
    While the organisation is supportive of the measure in the short term, its members believe it would not deliver equitable emissions reductions if used as a framework for future regulations.
  2. CMA CGM May Double Methanol-Fuelled Boxship Order
    Dec 07
    The company announced an order of six 15,000 TEU dual-fuel ships with methanol propulsion in July.
  3. Trafigura Charters Methanol Dual-fuel Product Tanker
    Dec 07
    Move in line with growing demand for methanol as marine fuel.
  4. Shift Clean Energy to Fit Battery System to Fast Offshore Vessel
    Dec 07
    Shift is working with Japan's Terasaki Electric Co on the project.
  5. EU-ETS For Shipping Ahead of Trucks 'Challenges Competitiveness': Danish Shipping
    Dec 06
    Under current plans road haulage will enter the ETS several years after shipping.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 610.00 15.00 947.00 23.50 375.00 10.00
Global 20 Ports Average 669.50 15.00 1012.50 16.50 447.00 9.50
Global Average Bunker Price 734.50 9.50 1098.00 8.00 495.00 8.00
Singapore 649.50 17.00 921.50 47.00 375.50 15.50
Rotterdam 556.50 28.50 853.50 42.00 363.50 17.50
Fujairah 633.50 20.50 1138.50 4.50 352.00 5.50
Houston 600.00 5.00 875.50 0.00 410.00 0.00
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Gibraltar 605.50 19.50 - 484.50 6.00
Hong Kong 660.00 8.00 942.50 2.50 422.00 26.50
Istanbul 728.00 9.00 1086.50 0.00 623.00 19.50
LA / LB 808.00 0.00 1031.50 0.00 454.50 0.00
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