Tag: MGO
Green Ammonia To Power 30% Global Fleet by 2050
Renewable ammonia could eventually power 30% of the global maritime fleet.
Green ammonia would have a cost similar to today’s compliant oil-based bunkers.
...
World Oil and Bunker Market Witnesses An Upward Trend
OPEC and key ally Russia moved a conference call to discuss future output cuts.
Brent for August settlement increased by $1.25 to $39.57...
Seanergy Maritime Has 50% of Its Fleet Scrubbers Fitted
Seanergy Maritime Holdings Corp has completed its IMO 2020 compliance plan by installing scrubbers.
The costs of the scrubber program were borne by...
Container Feeder Vessel Pockets $3000/Day for LNG
The container feeder vessel MV Wes Amelie saved its operators an average of €2,750/day ($3,059/day) by burning liquefied natural gas (LNG) rather than marine...
Compliant Bunker Fuel Prices Narrow Down Amid Conflicts
0.5% sulfur fuel oil and marine gasoil prices shrink amid high demand for VLSFO.
It is further fueled by slack market conditions for...
VLSFO-MGO Prices Surge As Discount Vanishes
According to a Seatrade Maritime News report, with the coming into force of IMO 2020 very low sulphur fuel oil (VLFSO) prices have surged...
Singapore Higher Bunkering Premiums & Delays Making Shipowners Look Elsewhere
According to an Argus Media report, low spot availability of high-sulphur marine fuel oil (HSFO) and 0.5pc sulphur marine fuel oil in Singapore has...
Scrubber Orders Swell Yet Alternative Fuels Seems Preferred
Scrubber orders till date this year have dwarfed all previous years combined, according to data on DNV GL’s online Alternative Fuels Insight (AFI) database,...
Freight Rates Bound To Increase As MGO Use Increases Ahead of...
According to Shipping analyst Poten & Partners the impending 2020 sulphur cap is driving tanker charter rates as owners are forced to use MGO,...
2020 Fuel Transition Underway As Most Ports Compliant Fuel Ready, Says...
The International Bunker Industry Association (IBIA) said that the market transition to low-sulphur bunker fuels is under way with an increasing number of ports...