World News
Asahi Tanker Completes Biofuel Trial
Shipping firm Asahi Tanker has completed its first trial of a biofuel bunker blend.
The firm tried out 237 mt of a B24-VLSFO blend on its tanker the Sunny Orion for two weeks and encountered no problems with its engine, it said in a statement on its website. Marubeni Corporation supplied the fuel.
The fuel delivered about 15-20% savings in CO2 emissions versus conventional VLSFO.
"Through these initiatives, we will continue to work on various issues such as low-carbonization and decarbonization of the shipping industry and realize a sustainable shipping industry," the company said in the statement.
Demand for biofuel bunker blends is increasing as shipowners take them on as a drop-in replacement for conventional fuels with a lower carbon footprint, allowing them to reduce GHG emissions without investing in new ships capable of running on other alternative fuels.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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