- Rotterdam’s LNG bunker sales rose by 13% in Q2 2024, reaching 98,000 mt.
- Bio-blended bunker sales dropped by 11%, totaling 234,000 mt.
- Rotterdam’s bio-blended bunker sales were 38% higher than Singapore’s while LNG sales were 28% lower compared to Singapore.
In the second quarter of 2024, Rotterdam’s bunker fuel market experienced notable shifts, with a significant increase in LNG sales and a decline in bio-blended fuel sales, reports Engine.
LNG Sales Surge
Rotterdam’s LNG bunker sales soared to 98,000 metric tons (mt) in Q2 2024, marking a 13% increase from the previous quarter and a substantial 35% rise compared to the 73,000 mt sold in Q2 2023. This increase represents the second consecutive quarter of growth for LNG sales, highlighting a growing trend in the adoption of liquefied natural gas as a marine fuel.
In contrast, bio-blended bunker sales experienced a decline. Total sales fell by 11% to 234,000 mt, down by 28,000 mt from the previous quarter. Despite this decrease, bio-VLSFO (Very Low Sulfur Fuel Oil) remained the most popular bio-blend, making up 68% of the total biofuel volumes sold in Q2 2024. Bio-ULSFO (Ultra Low Sulfur Fuel Oil) followed with 15%, and bio-HSFO (High Sulfur Fuel Oil) accounted for 14%. Bio-MGO (Marine Gas Oil) and bio-MDO (Marine Diesel Oil) had minimal shares, with 2% and 1%, respectively.
During Q2 2024, Rotterdam also saw the introduction of new bio-fuel products. Bio-methanol sales began with 950 mt sold in the second quarter. Additionally, bio-LNG was sold for the first time since 2021, with the Hapag-Lloyd vessel Brussels Express receiving 890 mt of bio-LNG in April.
Comparing Rotterdam to other major bunkering ports, Rotterdam’s bio-blended bunker sales were approximately 38% higher than those in Singapore during Q2 2024. However, Rotterdam’s LNG bunker sales were 28% lower than the 136,000 mt sold in Singapore for the same period.
These trends underscore Rotterdam’s growing role in the LNG bunker market and highlight the fluctuating demand for bio-blended fuels amid evolving industry preferences and regulatory landscapes.
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Source: Engine
