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Hapag-Lloyd Sees Small Gain in First-Half Bunker Consumption as Fuel Price Gains 67%

Hapag-Lloyd Sees Small Gain in First-Half Bunker Consumption as Fuel Price Gains 67%

The firm consumed a total of 2.12 million mt of bunker fuel in the first six months of the year, up by 0.7% from the 2.11 million mt used in the same period a year earlier.
  1. 12Aug
    Meanwhile, Iran's return to the world stage is predicted for early next year. Read in Full
  2. 12Aug
    Capital Ship Management has taken delivery of Amore Mio from Hyundai Samho Heavy Industries in South Korea. Read in Full
  3. 12Aug
    The firm is looking for candidates with at least six years of experience as a bunker trader and with eligibility to live and work in Singapore. Read in Full
  4. 12Aug
    The 50,000 b/d Sapugaskanda plant is set to restart on August 15 after receiving a crude shipment on August 13. Read in Full
  5. 12Aug
    The company is looking for candidates with experience in a similar position and good communication skills in written and spoken English. Read in Full
  6. 12Aug
    The firm has signed a memorandum of understanding with Oxelösunds Hamn AB to develop and build the terminal at the Port of Oxelösund. Read in Full
  7. 12Aug
    The IJmond Environmental Service has granted a licence to Windcat Workboats to bunker its Hydrocat 48 crew transfer vessel with hydrogen at the Port of IJmuiden. Read in Full
  8. 12Aug
    The two companies have signed a three-year contract for biofuels to be used on Svitzer tugboats performing towage operations for UECC vessels at Scandinavian ports. Read in Full
  9. 11Aug
    Also, Lipow says the daily decline in prices at the pump are over. Read in Full
  10. 11Aug
    The company is paying an average of $3.13 million per VLCC scrubber installation. Read in Full

Top Stories More

  1. IBIA Chairman: 'What We See is a Market That is in Flux'
    Aug 08
    "At IBIA, the overarching goals for the next 12 months mostly revolve around increased focus on ethics and transparency," chairman Tim Cosulich tells Ship & Bunker.
  2. INTERVIEW: Scorpio Tankers to Continue Testing Emulsion Fuel Bunkers Following Successful Trial With FOWE
    Aug 08
    "What is unique about FOWE's technology is that we can produce strong emulsions without the use of additives," said Dean Mihalic, Chief Executive Officer at FOWE, tell's Ship & Bunker.
  3. MPA Suspends Glencore Bunkering Licence for Two Months After HSFO Contamination
    Aug 03
    Glencore continued to supply contaminated HSFO for a week after discovering it contained abnormally high levels of chlorinated hydrocarbons, according to the MPA.
  4. INTERVIEW: Shell Sees Range of Hydrogen-Based Fuels Emerging But Fossil Bunker Demand Persisting to 2040s
    Aug 02
    Shell's Dr Alexandra Ebbinghaus discusses the future marine fuels mix in an interview with Ship & Bunker.
  5. S&B ANALYSIS: WFS Q2 Bunker Margins Surge to Eight-Year High, 56% Over IMO 2020 Levels
    Jul 29
    The firm's net marine profit was up almost tenfold from a year earlier, while volumes jumped by 6.3%.

Russia / Ukraine

  1. Platts to Shut Out Russian Product From European VLSFO Price Assessments
    Aug 02
    The company, formerly known as Platts, will exclude Russian-origin material from the cargo and barge assessments in Northwest Europe and the Mediterranean as of September 1.
  2. First Grain Shipment Since Russian Invasion Departs Ukraine
    Aug 01
    The Sierra Leone-flagged bulker Razoni departed Odessa on Monday with a corn cargo to be taken to Lebanon.
  3. Protesters in Norway Target Cruise Ship Emissions
    Jul 26
    CruiseNOTWelcome group active in a number of Norwegian ports.
  4. Rotterdam Cargo Throughput Continues to Rise Despite Russia Crisis
    Jul 22
    Total cargo throughput at the Dutch port rose by 0.8% on the year in the first half of 2022 to 235.5 million mt.
  5. Challenging Market Conditions Continue for Bunker Buyers, Suppliers
    Jul 19
    Suppliers' stock levels and hedging positions, and buyers' delivery dates continue to drive a wide spread of prices.

Insights & Analysis More

  1. IBIA Chairman: 'What We See is a Market That is in Flux'
    Aug 08
    "At IBIA, the overarching goals for the next 12 months mostly revolve around increased focus on ethics and transparency," chairman Tim Cosulich tells Ship & Bunker.
  2. INTERVIEW: Scorpio Tankers to Continue Testing Emulsion Fuel Bunkers Following Successful Trial With FOWE
    Aug 08
    "What is unique about FOWE's technology is that we can produce strong emulsions without the use of additives," said Dean Mihalic, Chief Executive Officer at FOWE, tell's Ship & Bunker.
  3. INTERVIEW: Shell Sees Range of Hydrogen-Based Fuels Emerging But Fossil Bunker Demand Persisting to 2040s
    Aug 02
    Shell's Dr Alexandra Ebbinghaus discusses the future marine fuels mix in an interview with Ship & Bunker.
  4. S&B ANALYSIS: WFS Q2 Bunker Margins Surge to Eight-Year High, 56% Over IMO 2020 Levels
    Jul 29
    The firm's net marine profit was up almost tenfold from a year earlier, while volumes jumped by 6.3%.
  5. INTERVIEW: Silverstream Sees Up to 7% Fuel Savings From Air Lubrication
    Jul 21
    Silverstream CEO Noah Silberschmidt discusses strong sales for the company's air lubrication systems in an interview with Ship & Bunker.
  6. INSIGHT: Bunker Fuel GHG Carbon Footprint Reduction by Blending
    Jul 19
    Dilution of CI is done by blending two or more fuel blend components with different CI's.
  7. S&B ANALYSIS: Singapore Sees Lowest Half-Year Bunker Sales Total Since 2015
    Jul 13
    Singapore's bunker sales slumped last month as dwindling supplies left prices rising more quickly than competing hubs.
  8. S&B ANALYSIS: Quarter of Global Tonnage Now Using HSFO at Record Discount to VLSFO
    Jul 11
    The Russia crisis has left HSFO prices significantly underperforming VLSFO, meaning record numbers of scrubber-equipped ships are enjoying record fuel discounts.
  9. INTERVIEW: Signal Group's Shipergy Seeks to Apply Tech Expertise to Bunker Procurement
    Jul 05
    Shipergy CEO Daniel Rose sets out the new bunker procurement company's strategy in an interview with Ship & Bunker.
  10. S&B MARKET SURVEY: Global 2022 Q1 Bunker Demand Loses 2.6% on Year
    Jul 05
    Ship & Bunker and BLUE Insight's latest bunker volumes survey shows the initial impact of the Russia crisis on the global market.

Decarbonisation and Alternative Marine Fuels & Power More

  1. Scrubber-Equipped, Ammonia- and LNG-Ready VLCC Delivered
    Aug 12
    Capital Ship Management has taken delivery of Amore Mio from Hyundai Samho Heavy Industries in South Korea.
  2. Netherlands Sees First Hydrogen Bunkering Licence Issued
    Aug 12
    The IJmond Environmental Service has granted a licence to Windcat Workboats to bunker its Hydrocat 48 crew transfer vessel with hydrogen at the Port of IJmuiden.
  3. UECC Takes on Biofuel-Powered Towage Service From Svitzer
    Aug 12
    The two companies have signed a three-year contract for biofuels to be used on Svitzer tugboats performing towage operations for UECC vessels at Scandinavian ports.
  4. MAN Energy Solutions Studies Duel-Fuel Methanol Engine Retrofits
    Aug 11
    The firm has signed a memorandum of understanding with Stena subsidiary Stena Teknik and methanol producer Proman to cooperate on a project to retrofit MAN 48/60 engines.
  5. Drydocks World-Dubai to Support Silverstream Air Lubrication System Sales
    Aug 10
    The two companies have signed a deal making Drydocks World-Dubai an approved installation provider of the systems.

Singapore Bunker Contamination More Articles

  1. Fuel Contamination Issue – a VPS Update on Challenges & Solutions
    Aug 08
    Steve Bee of VPS sets out the testing firm's role in detecting recent bunker contamination issues.
  2. MPA Suspends Glencore Bunkering Licence for Two Months After HSFO Contamination
    Aug 03
    Glencore continued to supply contaminated HSFO for a week after discovering it contained abnormally high levels of chlorinated hydrocarbons, according to the MPA.
  3. S&B ANALYSIS: Quarter of Global Tonnage Now Using HSFO at Record Discount to VLSFO
    Jul 11
    The Russia crisis has left HSFO prices significantly underperforming VLSFO, meaning record numbers of scrubber-equipped ships are enjoying record fuel discounts.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 788.50 6.50 1118.00 8.50 551.00 10.00
Global 20 Ports Average 829.50 7.50 1137.00 8.50 589.00 6.00
Global Average Bunker Price 889.00 7.50 1196.00 1.00 623.00 10.00
Singapore 797.00 26.00 1017.00 18.00 535.50 20.00
Rotterdam 754.50 5.00 1044.50 4.00 537.50 12.00
Fujairah 844.50 14.00 1365.00 42.00 521.00 5.00
Houston 758.00 8.50 1045.50 30.00 610.50 3.00
Busan - login to view prices or
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Gibraltar 800.00 12.50 - 630.50 20.00
Hong Kong 800.00 15.00 1002.00 6.50 551.50 32.00
Istanbul 877.50 5.50 1185.50 27.00 707.00 10.00
LA / LB 861.50 7.50 1025.50 65.00 542.00 5.00
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New York 859.50 4.50 1118.50 5.00 629.00 6.00
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Piraeus 904.50 33.50 1070.50 11.00 538.50 20.00
Santos 796.50 7.00 1258.00 35.50 -
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