World News
Scrubber-Equipped Ships Now Take Up 36.4% of Global Boxship Capacity
Ships equipped with scrubber systems now take up more than a third of the container industry's global capacity.
Scrubber-fitted boxship capacity totalled 10.3 million TEU by the end of January, up by 1.8 million TEU from the same time a year earlier, container shipping intelligence firm Alphaliner said in its weekly newsletter.
That represented 36.4% of global boxship capacity, up from 32.4% a year earlier.
MSC, the world's largest shipping company, has been a key driver of the trend, adding more than 890,000 TEU of scrubber-equipped capacity last year. 54% of its fleet now has scrubbers equipped, up from 46% a year earlier.
The steady growth in scrubber installations has seen HSFO return to prominence as a bunker fuel grade.
HSFO represented 32.3% of Singapore's total demand last year – up from 29.2% in 2022, 25.8% in 2021 and 21.3% in 2020.
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.