World News
Engine X Adds ISSC Biofuel Certification to Business Offer
Bunker trading platform Engine X has added certified sustainable biofuel to its suite of products.
Biofuel that has International Sustainability and Carbon Certification verification is able to show its status via proof of sustainability, or PoS. A PoS can only come from ISCC-certified entities for the whole supply chain to retain its sustainability integrity.
"ENGINE X is now all set to offer sustainable biofuels with PoS that our customers can show to verifiers to prove their emission reductions," said Engine X supply manager Sid Mishra.
"We have mapped out dozens of bunker suppliers selling sustainable biofuels in ports around the world, to help clients identify trustworthy and legitimate sources for biofuel bunkering," Mishra added.
Engine X is the bunker procurement arm of Singapore-based Engine Technologies. In addition to Singapore, it has a base in Dubai. The company is active across major ports and offers standard bunker fuel grades as well as alternative fuels such as biofuels and liquified natural gas.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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Oct 02The new hire was previously managing director of bunker trading firm Sing Fuels from March 2018 to this month. -
Oct 03The new hire was previously managing partner of Island Gulf Energy in Dubai from July 2016 to last month. -
Oct 02The new hire was previously a bunker trader for marine fuel trading firm Pacific Bunkers in Singapore from July 2012 to last month.