World News
Biofuels Took Up 0.1% of Bunker Holding's Sales in 2023/24
Global marine fuels group Bunker Holding saw biofuels take up 0.1% of its total sales volumes in the last year.
Very low-carbon fuels -- of which thus far Bunker Holding has only sold biofuels -- took up 0.1% of the energy content of the company's sales in the 2023/24 financial year, Bunker Holding said in its most recent ESG report.
The figure was up from 0% the previous year. Bunker Holding has a target of these fuels taking up 5% of its sales by energy content by 2030.
The firm sold a total of around 25 million mt of marine fuels in the 2023 calendar year, according to Ship & Bunker's 'Top Ten Bunker Companies for 2024' report.
"The share of our very low-carbon fuels has reached 0.1% of our product portfolio, measured in MJ," the company said in the report.
"Although these volumes and percentages remain modest compared to conventional fuels, it is a step forward in our journey."
Rotterdam has seen about 83,000 mt/month of biofuel blend sales this year, while Singapore has seen about 48,000 mt/month.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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