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新規制の導入により、船舶用燃料市場が根本的に変化してきています。市場動向を反映する信頼できるインサイトとデータへのアクセスがこれまで以上に重要となっています。
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Shipping companies urge IMO to adopt NZF
Shipping companies urge IMO to adopt NZF
Singapore, 4 March (Argus) — A group of shipping, energy and technology companies has called on International Maritime Organization (IMO) members to adopt the UN agency's net-zero Framework (NZF) this year, urging governments to move forward with the sector's decarbonisation agenda. Nearly 90 companies signed an open letter on 4 March expressing support for implementing the NZF, describing it as "a hard-fought compromise that can provide a clear and credible pathway for the decarbonisation of international shipping" and one that has gained broad industry backing. The letter highlighted the IMO's "tireless" efforts in developing the framework in collaboration with governments, the private sector and civil society. The NZF incorporates several key initiatives, including the IMO's revised greenhouse-gas (GHG) strategy, lifecycle assessment (LCA) guidelines and a potential carbon-pricing mechanism aimed at addressing key barriers to shipping decarbonisation. Signatories also stressed the importance of a global regulatory framework, noting that fragmented policies risk slowing the adoption of alternative fuels and technologies. "Global regulation for the sector creates a shared system that covers emissions from all international shipping: one set of rules that brings clarity for the industry and a stronger signal to invest in new fuels and technologies," the letter said. The appeal follows the postponement of the NZF decision during the IMO's Extraordinary Session in October, after opposition from several member states. The delay has weighed on the marine industry sector that has already begun investing in alternative-fuel vessels, bunkering infrastructure and emerging supply chains to support decarbonisation. The group warned that swift action is needed to sustain momentum in the sector's energy transition. "Action now will create the market for these new vessels and technologies, accompanied by new jobs and economic growth, enabling shipping's full transition and the achievement of the IMO's strategy to deliver net zero shipping by or around 2050." The call echoes the efforts by hydrogen-based fuels (e-fuels) producers when they called on the IMO 's Marine Environment Protection Committee (MEPC) to include steps towards the adoption of e-fuels such as ammonia and e-methanol in the NZF. The companies cited then that e-fuels offer higher emissions reductions and project developers need regulatory certainty to move projects forward. The signatories of today's open letter span the maritime value chain, including shipowners, fuel technology providers, energy producers and logistics stakeholders. Companies backing the call include Singaporean container shipping group X-Press Feeders , German engine manufacturer Everllence, Australian firm CWP Global, Spanish energy firm Moeve, Australian metals producer Fortescue, Netherlands-based shipowner Future Proof Shipping and ship vetting firm RightShip, among others. By Mahua Mitra and Pamela Machado Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
UAE's Fujairah bunker suppliers declare force majeure
UAE's Fujairah bunker suppliers declare force majeure
Dubai, 4 March (Argus) — Bunker suppliers in Fujairah, UAE, the Middle East's largest marine fuels hub, have started declaring force majeure following Iran's retaliation strikes after the US and Israel launched attacks against the country at the weekend. Mediterranean Eastern Enterprise (MEE) served a force majeure notice, saying Iranian "drone attacks have resulted in a significant escalation of hostilities in the wider Gulf region". Bunker supplier Pearl Marine suspended contractual obligations regarding fuel supply because of "the recent missile strikes on commercial shipping, closure of key transit routes and further geopolitical tensions", according to the force majeure notice seen by Argus . Other bunker sellers may have declared force majeure too, but this could not be confirmed. Almost all have stopped offering marine fuels for this month, traders and bunker buyers said. Storage facilities in Fujairah sustained damage on 3 March, with fire breaking out at the port, which was brought under control and extinguished, Fujairah authorities said. Storage operators suspended operations and restricted staff access because of the regional security situation. The port remains open but there is very little activity, according to traders and satellite images. "Some deliveries are carried out in the anchorage area, using existing supplies on the barges," one supplier said. "Once those run out, and if loading from terminals still suspended, then bunkering will stop." The port is a key supplier of bunker fuel for ships transiting the strait of Hormuz and is the world's third-largest crude and products storage hub. By Elshan Aliyev Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Americas MGO prices soar on US-Iran war
Americas MGO prices soar on US-Iran war
Sao Paulo, 3 March (Argus) — Marine gasoil (MGO) prices in the Americas rose again on Tuesday, approaching $1,000/metric tonne (t) at North American ports, as the market continues to absorb the impacts of the US-Iran war. Prices rose for the second consecutive trading day since the US and Israel's weekend attacks on Iran. Continued conflict could reduce the supply of middle distillates — including MGO — in the international market, market participants expect. This has driven the increase in MGO prices to outpace the rise in very-low sulfur fuel oil (VLSFO). Bunker prices in the Americas spiked on Monday because of sharp gains in Brent and Nymex heating oil. Panama VLSFO was assessed at $588/t, the highest since 4 February 2025. Panama MGO was at $923/t, the highest since 30 October 2023. In North America, New Orleans VLSFO ex-wharf rose to $558/t, its highest since 2 April 2025 and MGO ex-wharf to $803/t, the highest since 16 April 2024. VLSFO in New York was at $578/t, the highest since 17 January 2025. The Middle East is the main producing region of middle distillates and the ongoing conflict is preventing the flow of these products through the strait of Hormuz, the only sea outlet for those distillates. Amid the uncertainties about the next steps in the war, some buyers in the Americas have closed spot bunker deals for deliveries at the end of March, anticipating further increases in marine fuel prices. A shipowner bought 150t of MGO at $942/t in New Orleans on Tuesday and the price is already 17pc higher than on Friday, the last trading session before the war began. Even so, most buyers have avoided taking positions because of the wide market volatility. Many suppliers are not providing price indications this week and prices are subject to inquiry. By Gabriel Tassi Lara and Luis Gronda Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
UAE Fujairah bunker market braced for impact
UAE Fujairah bunker market braced for impact
Dubai, 1 March (Argus) — Bunker market participants in the UAE's Fujairah, the Middle East's largest marine fuels port, are braced for a dramatic fall in demand and trading activity following the most significant escalation in years in the Mideast Gulf and disruption to vessel traffic. Fujairah, a key supplier of bunker fuels for ships travelling through the Strait of Hormuz and also the third largest oil and products storage centre in the world, has not been targeted by the Iranian military as of today, 1 March, unlike the UAE port of Jebel Ali and other regional hubs. Shipping activity in the Mideast Gulf has been slowing down, in particular after unverified warnings about the closure of vessel traffic through the Strait of Hormuz . "More and more customers are cancelling and avoiding the area," a Dubai-based bunker trader said. "We have been mostly dealing with cancellations this weekend." Earlier today, Palau-flagged bunker barge Skylight was hit 67 miles to the north of Fujairah, and debris from a missile fell near another vessel in Jebel Ali. Some war risk underwriters put vessel insurance policies on hold, shipping sources told Argus , with the possibility of policies being cancelled altogether. "The cost of war risk premiums will surge, making travel here too costly for shipping firms," a Fujairah bunker supplier said. Iranian strikes on the UAE also pose a question about future supply of bunker-grade high-sulphur fuel oil (HSFO) from Iran, which has been a key supplier to Fujairah despite US-led sanctions. "Future trading ties with Iran will depend on how and/or on what terms the conflict ends," one trader said. By Elshan Aliyev Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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