Marine fuel global weekly market update
A weekly Argus news digest of interest to the conventional and alternative marine fuel markets. To speak to our team about accessing the stories below, please contact: oil-products@argusmedia.com.
Alternative marine fuels
14 Apr Adnoc adds five newbuild VLGCs to fleet Abu Dhabi's state-owned Adnoc announced...
14 Apr Senators urge US not to invest in fossil H2 Four US senators urged the US Department of Energy (DOE) to...
14 Apr Capacity expansions to raise Asian methanol supplies Methanol supply to Asia-Pacific markets is expected to rise in the medium-to-long term...
14 Apr Brazilian refiners tighten renewable diesel focus Brazil's leading refiners Petrobras and Acelen are focusing investments on...
14 Apr Japanese firms eye low-carbon ammonia import hub A consortium of Japanese companies intends to transform...
14 Apr Cepsal to build Spanish HVO plant with Apical Abu Dhabi-owned Cepsa said it plans to build a...
13 Apr Hapag-Lloyd ups biofuel for marine fuel German cargo ship operator Hapag-Lloyd has significantly increased its reliance...
13 Apr Icelandic utility recruits Linde for e-fuels projects Iceland's state-owned power company Landsvirkjun and industrial gas company Linde have signed...
13 Apr Germany plans intervention on wrongly labelled biofuels The German federal environment ministry (BMUV) has told Argus that...
13 Apr LNG vessels divert from well-supplied South Korea Limited incentives for power-sector gas burn and mild weather have left high South Korean LNG inventories...
13 Apr GCMD, Lloyd's Register to study vessel CO2 offloading The Singapore-based Global Centre for Maritime Decarbonisation (GCMD) announced...
12 Apr Titan delivers LNG on barge to NYK vessel Dutch LNG bunker supplier Titan completed its first ship-to-ship...
12 Apr Honeywell launches H2 carrier US engineering firm Honeywell launched a liquid organic hydrogen carrier...
12 Apr Trio team up to create marine CO2 credits Green technology firm Njord is teaming up with European alternative asset management firm...
11 Apr Gothenburg to develop methanol bunkering storage Port of Gothenburg and Inter Terminals Sweden (ITS) will develop a methanol...
11 Apr CMA CGM in $3bn methanol, LNG ship deal French shipping firm CMA CGM has signed a $3bn agreement with Chinese shipbuilder...
11 Apr Lula to expand Petrobras' fleet, focus on renewables Brazil's president Luiz Inacio Lula da Silva vowed to expand the marine fleet of state-controlled...
11 Apr Exempt H2 from EU emissions directive: Industry body Industry body Hydrogen Europe has urged EU institutions to exempt all...
11 Apr Study backs potential for Angolan green ammonia project Australia-listed Minbos Resources is looking to move ahead with a planned project in...
11 Apr South Korea's DSME receives order for LNG carrier South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has received an order...
10 Apr Cruise ship refuels with LNG in Barbados Barbados' three national energy companies collaborated to ...
10 Apr Osaka Gas, IHI, PGTS plan biomethane output in Malaysia Japanese gas utility Osaka Gas and engineering firm IHI have partnered with...
10 Apr China's Baofeng Energy starts 2.4mn t/yr methanol unit Chinese private-sector petrochemical giant Baofeng Energy achieved on-specification methanol...
10 Apr Firms tie up to supply green methanol at Chinese ports China-based shipping company Cosco Shipping, France-based shipper CMA-CGM and...
9 Apr Tsuneishi builds methanol-fuelled ships for J Lauritzen Japanese shipbuilder Tsuneishi Shipbuilding has received an order to build two dual fuel...
Conventional marine fuels
14 Apr Panama March bunker sales up from 2022 Panama bunker fuel sales in March…
14 Apr France imports diesel again after strikes French ports have mostly reopened after strike action, allowing large...
14 Apr Europe refiners restarting in south, shutting in north) The early part of Europe's refinery maintenance season cut especially into throughputs in...
14 Apr S Korea's SK Energy plans Ulsan refinery maintenance South Korean refiner SK Energy will conduct heavy maintenance at its...
14 Apr Refinery start-ups push Chinese fuel overseas Chinese product exports remain far higher than expected...
14 Apr Vietnam's Dung Quat postpones turnaround to early 2024 Vietnam's 145,000 b/d Dung Quat refinery has postponed its turnaround originally planned for...
14 Apr NWE scrubber spread narrows to below $100/t The scrubber, or Hi-5, spread in northwest Europe has narrowed to...
14 Apr Singapore bunker sales rise on year in March Total bunker sales in Singapore reached 4.18mn t in March, 11pc higher than...
13 Apr Coker halt prompts residue export from Greece's Elefsis Greek refiner Hellenic Petroleum is exporting ...
13 Apr Inland oil products demand picks up in ARA on the week Independently-held oil product stocks at the Amsterdam-Rotterdam-Antwerp ...
13 Apr Volatile arbitrage redirects Asian gasoil Volatile arbitrage economics have forced Mideast Gulf and Indian gasoil supplies to...
12 Apr Carnival cuts particulate matter emissions by 50pc US cruise company Carnival Cruise Line says it has achieved one goal related to...
11 Apr Baltic port Ust Luga cancels ice restrictions Ust Luga port has cancelled its ice restrictions from ...
10 Apr Brazil's diesel imports reach six-month high Brazil's diesel imports reached a six-month high in...
Related news posts
Cepsa supplies HVO bunker fuel in Algeciras
Cepsa supplies HVO bunker fuel in Algeciras
London, 24 April (Argus) — Spanish refiner and bunker fuel supplier Cepsa has recently delivered 150t of 100pc hydrotreated vegetable oil (HVO) by truck to the Ramform Hyperion at the port of Algeciras. The supply follows market participants reporting firmer buying interest for HVO as a marine fuel from ferry lines in the Mediterranean in recent sessions. The supplied HVO is said to be of class II, with used cooking oil (UCO) as the feedstock. Cepsa added that the supply was completed in cooperation with Bunker Holding subsidiary Glander International Bunkering, and could bring about a greenhouse gas (GHG) emissions reduction of up to 90pc compared with conventional fuel oil. Cepsa will also look to obtain capability to supply marine biodiesel blends exceeding 25pc biodiesel content by the end of the year, delegates heard at the International Bunker Conference (IBC) 2024 in Norway. This also follows plans by Cepsa to build a 500,000 t/yr HVO plant in Huelva , set to start production in the first half of 2026. Argus assessed the price of class II HVO on a fob Amsterdam-Rotterdam-Antwerp (ARA) basis at an average of $1,765.54/t in April so far, a premium of $906.41/t to marine gasoil (MGO) dob Algeciras prices in the same month. By Hussein Al-Khalisy Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
New ISO 8217 eyes wider scope for alternative fuels
New ISO 8217 eyes wider scope for alternative fuels
London, 24 April (Argus) — The 7th edition of ISO 8217, to be published in the second quarter of this year, will outline a broader integration of marine biodiesel blending, delegates heard at the International Bunker Conference (IBC) 2024 in Norway. Tim Wilson, principal specialist fuels of Lloyds Register's fuel oil bunkering analysis and advisory service (FOBAS), presented on the upcoming iteration of the ISO 8217 marine fuel specification standard, which will be released at IBC 2024. The new edition will incorporate specification standards for a wide range of fatty acid methyl ester (Fame)-based marine biodiesel blends up to B100, 100pc hydrotreated vegetable oil (HVO), as well as synthetic and renewable marine fuels. This will also include additional clauses to cover a wider scope, and briefly touch on biodiesel specifications that do not entirely align with road biodiesel EN-14214 specifications. This follows the emergence of widening price spreads for marine biodiesel blends because of specification differences and the lack of a marine-specific standard for the blends. The new edition of ISO 8217 is also expected to remove the limit of 7pc Fame when blended with distillate marine fuels such as marine gasoil (MGO) which was in place in the previous ISO 8217:2017. Other changes to distillate marine biodiesel blends include changes to the minimum Cetane Index, oxidation stability alignment to be connected to either ISO 15751 for blends comprising 2pc or more of Fame biodiesel and ISO 12205 for blends comprising a Fame component of under 2pc. Cold-filter plugging point (CFPP) properties will be determined by the vessel's fuel storage tanks' heating capabilities and requirements will be set in place to report the CFPP for distillate marine biodiesel grades, according to the new edition of the marine fuel specification standard. Wilson said that a minimum kinematic viscosity at 50°C will be in place for various forms of residual bunker fuel oil along with a viscosity control alerting suppliers to inform buyers of the exact viscosity in the supplied fuel. He said they have seen delivered fuel viscosity come in at much lower levels than ordered by the buyers, which was the reasoning behind the viscosity control monitoring requirement. By Hussein Al-Khalisy Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Peninsula eyes B100 marine fuel supply in Barcelona
Peninsula eyes B100 marine fuel supply in Barcelona
London, 24 April (Argus) — Marine fuel supplier and trader Peninsula has added a chemical tanker to its fleet in Barcelona, with a view to supply the port with B100 marine biodiesel. Aalborg meets chemical tanker regulations under the International Maritime Organisation (IMO)'s International Convention for the Prevention of Pollution from Ships (MARPOL) Annex II. This means the tanker can supply marine biodiesel blends containing up to 100pc fatty acid methyl ester (Fame), which conventional oil tankers are unable to do . Oil tankers and barges are limited to up to 25pc Fame. Peninsula added that the Aalborg is also used to supply conventional fossil bunker fuels such as very-low sulphur fuel oil (VLSFO) and marine gasoil (MGO). It is yet to complete a B100 delivery in Barcelona. Market participants pointed to limited demand for B100 in the Mediterranean, but regulatory changes such as the introduction of FuelEU maritime next year may help to support demand for marine biodiesel blends. By Hussein Al-Khalisy Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Norway-German H2 pipeline hinges on demand: Equinor
Norway-German H2 pipeline hinges on demand: Equinor
London, 24 April (Argus) — Norway and Germany have renewed a commitment to the idea of a hydrogen pipeline, but Norwegian state-owned Equinor expects the link will come in a secondary stage of development as it is focused on hydrogen production in mainland Europe as a first step. Equinor plans to take a final investment decision in late 2025 on its 210,000 t/yr Eemshaven low-carbon hydrogen plant in the Netherlands, the company's director of H2 northwest Europe Henrik Solgaard Andersen said at the Hydrogen and Fuel Cells conference in Hanover. Equinor hopes the project will supply German buyers that participate in the country's carbon contracts for difference (CfD) auctions, which are designed to help large industry decarbonise, Andersen said. Equinor has entered the final phase of studies for the plant. The facility would reform natural gas from the Norwegian offshore to hydrogen with carbon capture and storage (CCS). Undertaking this in the Netherlands means existing pipelines can be used to carry the gas from Norway rather than having to build new links. Equinor sees this as its most mature hydrogen project, followed by one near the German port of Rostock , and one near Ghent in Belgium , according to Andersen. These "local European projects" are designed for early market development and "will be the first step," he said. Equinor expects to start large-scale production of hydrogen in Norway with pipeline exports to the continent only when there is a big enough market, he said. "You don't invest in a pipeline €4bn-6bn just for [transporting] a few molecules," he said. "You need to believe in the market." Equinor in early 2023 announced a plan to supply hydrogen from Norway to German utility RWE for use in power plants. But Berlin has shifted its plans for hydrogen power a couple of times since then. It also has ambitions to use hydrogen in sectors like steel, but companies have not yet taken firm investment decisions, meaning there is uncertainty about how much hydrogen demand will materialise and when. A joint government task force working on a Norwegian-German pipeline has identified the first regulatory barriers that need to be addressed, and private infrastructure companies will continue to study the logistics, according to an announcement from Oslo and Berlin. This will build on the positive feasibility study from last year. German gas system operator operator Gascade, which is developing the AquaDuctus North Sea pipeline connection to Germany, and Norwegian state-owned operator Gassco that is developing the Norwegian side, are aiming for a 2030 start date, the companies reaffirmed this week. Gascade has proposed an open access pipeline that would be able to aggregate hydrogen exports from England, Scotland, Norway, Denmark, and North Sea wind farms. By Aidan Lea Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
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