Sales of marine bunker fuel at Singapore eased for a second consecutive month in September, though marine biofuel sales surged to a fresh record high, data from the Maritime and Port Authority of Singapore showed. Bunker sales at the world’s largest vessel refuelling hub totalled 4.39 million metric tons in September, sliding 4% from August though climbing 3% from the same period last year, the data showed. The monthly decline was led by lower volumes for the mainstay low-sulphur fuel grade, which totalled 2.25 million tons, as spot demand slowed ...

In 2025, significant legislative changes will impact shipping companies calling at European Union ports (in EU/EEA countries). The implementation of the FuelEU Maritime Regulation and the continued phase-in of the European Union Emissions Trading System (EU ETS) will increase regulatory requirements for shipping companies. This update aims to explain these changes. European Union Emissions Trading System (EU ETS) EU ETS cost to comply with regulation will rise due to two key factors: Firstly, shipping companies will need to surrender allowances for 70% of their emissions reported in 2025, up from ...

The UP World LNG Shipping Index saw a slight dip last week, declining by 0.89% as spot charter rates remain stagnant despite seasonal expectations for increases. While geopolitical risks persist, impacts have been localized. Despite the index’s decline, more than half of the companies led by Excelerate Energy showed gains. Notable losses included New Fortress Energy and Korea Line Corporation. The week ahead remains cautiously optimistic with historical trends hinting at a potential rebound. UPI & SPX Last week, UPI, which tracks listed LNG shipping companies, lost 1.49 points, or ...

Authorities in China have started to ask some overseas shipowners to report on their carbon emissions, highlighting greater scrutiny of the industry as the regulatory framework shifts. The requests for figures on voyages that service local ports affect some tanker and container-ship owners, according to people familiar with the matter, who asked not to be identified. The move follows the EU’s recent adoption of a carbon levy on vessels, and could help in China’s expansion of its emissions-trading system to cover shipping. It’s unclear how many ports are involved. Ocean-going ...

Alewijnse has secured a prestigious new contract from Damen Shipyards for the complete electrical installation of an ultra-modern, multifunctional vessel for the Portuguese Navy. This ground-breaking ship will be the first in the world to combine oceanographic research with drone deployment capabilities. This is the third vessel Alewijnse is building for the Portuguese Navy under contract with Damen. Previously, Alewijnse participated in the mid-life upgrade of the Portuguese Multipurpose (M) frigates N.R.P. Bartolomeu Dias (F333) and N.R.P. D. Francisco de Almeida (F334). However, this marks the first new-build ship that ...

APM Terminals Maasvlakte II (MVII) will equip its terminal with shore power from 2028, providing sea-going vessels with clean energy while in port. This is a significant step in making the port of Rotterdam – and the industry – more sustainable. To make this possible, the APM Terminals has signed an agreement with Rotterdam Shore Power, a partnership between the Port of Rotterdam Authority and Eneco. Connecting the vessels to the power grid at APM Terminals MVII, will reduce CO2 emissions by almost 7,000 tonnes each year. It will also ...

A press report has concluded that the intensification of conflict and tensions in the Middle East could lead to a significant increase in oil prices, potentially pushing the price of a barrel to $200, especially if critical Iranian and oil facilities come under Israeli military attack. According to a report from the German network “Deutsche Welle,” oil prices have surged sharply since the recent Iranian strikes on Israel, with Brent crude increasing by 17% within a week to reach $81.16. However, prices have since fallen again after Lebanese Hezbollah announced ...

Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook andafter a media report said Israel is willing to not strike Iranian oil targets, easing fears of asupply disruption. Brent crude futures LCOc1 fell $3.51, or 4.5%,to $73.95 abarrel at 0911GMT, their lowest since Oct. 2.West Texas Intermediate futures CLc1 lost $3.48, or 4.7%, hitting$70.35 a barrel. Both benchmarks had settled about 2% lower on Monday. They are down about$5 so far this week, nearly wiping out cumulative gains made afterinvestors ...

Russia cut crude oil output in September by 28,000 barrels per day (bpd) to about 9 million bpd,the Organization of the Petroleum Exporting Countries (OPEC) said on Monday, citing data from secondary sources such as consultancies. This was slightly above the quota agreed by the OPEC+ group of leading oil producers. Under OPEC+ deals and voluntary cuts, Russia’s monthly quota stands at 8.98 million bpd. Production in August was revised down to 9.029 million bpd from 9.059 million bpd initially reported in September. The OPEC+ group of producers, comprising OPEC ...

To the uninitiated, the concept of carbon capture and storage (CCS) can be hard to understand, complex, and remote even though it has been used effectively in the US energy business since the 1970s and in Norway since 1996 at the Sleipner field. According to the Global CCS Institute, there are 41 CCS facilities in operation globally today at sites including gas power plants and chemical refineries manufacturing products such as ethanol and ammonia. And there are more than 350 new CCS facilities under development across the world, many of ...

From time to time Members and clients contact Gard and ask for advice when a ship has been fined for burning non-compliant fuel in a port or waters where special sulphur emission regulations apply. In some cases, ships may have unknowingly burned fuel with a sulphur content exceeding the permissible limit, e.g. because the bunker delivery note (BDN) was inaccurate. However, most instances seem to happen because ship operators and crews are not fully familiar with the local air pollution regulations in force. Actions for compliance Some regions, states and ...

Asia’s very low sulphur fuel oil (VLSFO) market extended gains on Monday, with cash premiums for November loading cargoes rising above $10 a metric ton, while a few tenders for regional supplies were underway. However, the recent strength is unlikely to sustain due to a recovery in supplies, including finished grades and blendstocks, market sources said. Arbitrage supplies are expected to pick up this month, LSEG ship-tracking data showed. Refining margins for VLSFO softened, with November cracks closing lower versus last week, at premiums of about $13.50 a barrel. Indonesia’s ...

China’s oil imports fell in September by 0.6% from a year earlier, data showed on Monday, as plants curbed purchases because of weak domestic fuel demand and narrowing export margins. The world’s largest crude oil importer brought in 45.49 million metric tons in September, or about 11.07 million barrels per day (bpd), data from the General Administration of Customs showed. This was the fifth straight month that shipments were less than the year before, with imports in September 2023 at 11.13 million bpd. They also declined from 11.56 million bpd ...

Global logistics giant DP World has today announced a £1bn expansion of London Gateway to make it Britain’s largest container port within five years in a boost to the volume and resilience of international trade. DP World will increase capacity of London Gateway’s port by building two new shipping berths, taking the total to six berths able to receive the world’s largest container ships. The site will also see a second rail terminal added to handle the expected increase in containerised trade. By the end of the decade, the full ...

Port of Newcastle’s Clean Energy Precinct (CEP) has reached a major milestone, signing agreements for Front End Engineering Designs (FEED) and Environmental Impact Statements (EIS) covering electrical infrastructure, water services, general infrastructure, storage, berth infrastructure, and pipelines to berth. The agreements are funded as part of the Commonwealth Government’s $100 million grant for the CEP for hydrogen readiness, and CEO, Craig Carmody, was joined on site today by Federal Member for Newcastle, Sharon Claydon MP. “Today is a significant step forward for the Hunter Region. The Clean Energy Precinct is ...