Weekly Market Update January 01 – 05 2024
January 5, 2024
US and 12 other nations call on Houthis to end attacks African bunker demand up as vessels avoid the Red Sea Few oil tanker diverted despite Red Sea attacks – Vortexa Zhoushan VLSFO squeeze to ease with export quota EU ETS for shipping emissions takes effect Alternative fuels set to take on a bigger role in 2024 Dutch biofuel bunker prices soar after policy change Plus, weekly Brent developments Read More
View this update as a PDF (recommended for mobile) »
A summary of the most important developments in the bunker market, published every Friday.
This week’s Top 3 headlines:
- US and 12 other nations call on Houthis to end attacks
- African bunker demand up as vessels avoid the Red Sea
- Few oil tanker diverted despite Red Sea attacks – Vortexa
Weekly Market Update December 18 – 22 2023
December 22, 2023
Red Sea attacks force ships to Cape of Good HopeMost vessels defy attacks to sail Red Sea route KplerUS-led offensive aims to quell Houthi threat in Red SeaRising bunker demand in African ports – sourcesZero emission fuel target insufficient for IMO 2030 ambitionEU to investigate allegations of unfair Chinese biofuel tradeUS fuel oil demand at highest since FebruaryPlus, weekly Brent developments Read More
View this update as a PDF (recommended for mobile) »
A summary of the most important developments in the bunker market, published every Friday.
This week’s Top 3 headlines:
- Red Sea attacks force ships to Cape of Good Hope
- Most vessels defy attacks to sail Red Sea route Kpler
- US-led offensive aims to quell Houthi threat in Red Sea
Weekly Market Update December 11 – 15 2023
December 14, 2023
COP28 vows to ditch fossil fuels, but faces criticismUS bill could boost biofuel bunkering demandMPA calls for methanol bunker suppliers in SingaporeRED II limits biofuels supply, but builds trust - DNVOPEC keeps global oil demand growth forecast at 2.5 million b/dAlgoa Bay offshore bunkering could resume from FebruaryARA fuel oil stocks rise in DecemberPlus, weekly Brent developments Read More
View this update as a PDF (recommended for mobile) »
A summary of the most important developments in the bunker market, published every Friday.
This week’s Top 3 headlines:
- COP28 vows to ditch fossil fuels, but faces criticism
- US bill could boost biofuel bunkering demand
- MPA calls for methanol bunker suppliers in Singapore
Weekly Market Update December 4 – 8 2023
December 7, 2023
Höegh explores US and Singapore ammonia bunkeringLNG bunkering facility planned in Port HedlandScatec to explore green methanol bunkering in EgyptTemperature-sensitive biofuels need Goldilocks zoneWärtsilä develops four more methanol ship enginesUS to explore Global South green corridor opportunitiesImplied US fuel oil demand grew 8% in NovemberPlus, weekly Brent developments Read More
View this update as a PDF (recommended for mobile) »
A summary of the most important developments in the bunker market, published every Friday.
This week’s Top 3 headlines:
- Höegh explores US and Singapore ammonia bunkering
- LNG bunkering facility planned in Port Hedland
- Scatec to explore green methanol bunkering in Egypt
Weekly Market Update November 27 – December 1 2023
December 1, 2023
Kenoil Marine supplies bio-LSMGO stem in SingaporeFrench port targets green hydrogen shipping demandPanama Canal Authority launches special auction slotDutch government cuts marine biofuel rebate multiplierMAN ES to launch new dual-fuel methanol engine in 2026Azane and Amogy to develop ammonia bunkerFujairah's fuel oil inventories drop 2% in NovemberPlus, weekly Brent developments Read More
View this update as a PDF (recommended for mobile) »
A summary of the most important developments in the bunker market, published every Friday.
This week’s Top 3 headlines:
- Kenoil Marine supplies bio-LSMGO stem in Singapore
- French port targets green hydrogen shipping demand
- Panama Canal Authority launches special auction slot
Weekly Market Update 20 – 24 November
November 24, 2023
China’s bonded bunker fuel sales drop in Jan-Oct – JLCChimbusco Pan Nation delivers biofuel in Hong KongTitan delivers LNG stem in HamburgE-methanol plant to be developed in BrazilMMMCZCS, Chile zero in on Magallanes for new green corridorMaersk secures green methanol supply from China’s GoldwindUS fuel oil production rises to highest level since AprilPlus, weekly Brent developments Read More
View this update as a PDF (recommended for mobile) »
A summary of the most important developments in the bunker market, published every Friday.
This week’s Top 3 headlines:
- China’s bonded bunker fuel sales drop in Jan-Oct – JLC
- Chimbusco Pan Nation delivers biofuel in Hong Kong
- Titan delivers LNG stem in Hamburg
Weekly Market Update 13 – 17 November
November 17, 2023
Shipping navigates towards transparency amid rise in alternative fuels – Chris TurnerUS probes ship managers over Russia sanctions breachesWärtsilä pioneers first ammonia-fuelled ship engine‘Implementation’ must be the key word at COP28 – DNVViasea gets government funds to
build hydrogen-powered shipsSingapore records massive surge in biofuel salesPlus, weekly Brent developments Read More
View this update as a PDF (recommended for mobile) »
A summary of the most important developments in the bunker market, published every Friday.
This week’s Top 3 headlines:
- Shipping navigates towards transparency amid rise in alternative fuels – Chris Turner
- US probes ship managers over Russia sanctions breaches
- Wärtsilä pioneers first ammonia-fuelled ship engine
Weekly Market Update 6-10 November
November 10, 2023
Drought puts Panama Canal transits in jeopardyPeninsula delivers first LNG stem in GibraltarWallenius Wilhelmsen trials B30 stem in South KoreaCruise ships prefer diesel over shore power in UK portsDAI, Siemens Energy to set up green ammonia plant in EgyptAmmonia vessel orderbook sees a ‘breakthrough’ – DNVFujairah’s fuel oil stocks rise coming into NovemberPlus, weekly Brent developments Read More
View this update as a PDF (recommended for mobile) »
A summary of the most important developments in the bunker market, published every Friday.
This week’s Top 3 headlines:
- Drought puts Panama Canal transits in jeopardy
- Peninsula delivers first LNG stem in Gibraltar
- Wallenius Wilhelmsen trials B30 stem in South Korea
Weekly Market Update 30 October – 3 November
October 27, 2023
China’s bonded bunker imports surged in SeptemberStena Oil delivers first biofuel stem off GothenburgPanama Canal to reduce daily transits due to droughtScotland plans to tax cruise ship emissionsJapanese firms to study hydrogen and ammonia supply chainStamford Shipping, Green Marine to build methanol dual-fuel vesselsUS fuel oil supply surged in OctoberPlus, weekly Brent developments Read More
View this update as a PDF (recommended for mobile) »
A summary of the most important developments in the bunker market, published every Friday.
This week’s Top 3 headlines:
- China’s bonded bunker imports surged in September
- Stena Oil delivers first biofuel stem off Gothenburg
- Panama Canal to reduce daily transits due to drought
Weekly Market Update 16-20 October
October 20, 2023
MPA tightens biofuel regulations in SingaporeBB Energy launches bunker supply in ARA regionFincoEnergies expands operations to the AmericasBIMCO adopts new CII clause for voyage charterersWärtsilä and Raizen will test ethanol as a marine fuelMore use of zero-emission fuels needed to meet IMO's 2030 goalSingapore biofuel bunker sales declined in SeptemberPlus, weekly Brent developments Read More
View this update as a PDF (recommended for mobile) »
A summary of the most important developments in the bunker market, published every Friday.
This week’s Top 3 headlines:
- MPA tightens biofuel regulations in Singapore
- BB Energy launches bunker supply in ARA region
- FincoEnergies expands operations to the Americas
