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

31 Mar Yara and Enbridge plan 1.4mn t blue ammonia plant in US Norwegian fertilizer producer Yara has signed a letter of intent with Canadian midstream company Enbridge to…

31 Mar Spanish biodiesel exports boom in January Biodiesel exports from Spain, including re-exported cargoes, reached almost…

31 Mar Shell scraps Singapore SAF/HVO, base oil plant plans Shell has cancelled plans to set up a biofuel unit and a Group 2 base oil plant in Singapore.

31 Mar Pupuk Indonesia eyes green ammonia output by 2045-60 State-controlled fertilizer producer Pupuk Indonesia aims to achieve large-scale green ammonia production...

31 Mar Pavilion bunkers tug with LNG at Singapore's Jurong Singapore-based Pavilion Energy bunkered a hybrid-fuel tug boat owned…

31 Mar Spanish biodiesel exports boom in January Biodiesel exports from Spain, including re-exported cargoes, reached almost…

30 Mar China eyes green ammonia exports by late 2024 While new clean ammonia projects are being regularly confirmed in Australia, Europe, the Americas, India and the Middle East, news on green ammonia projects in China…

30 Mar European ports to be key hydrogen demand centres: study Hydrogen demand in EU port areas could reach…

30 Mar Singapore B24 bunker prices decline on Ucome oversupply B24 biofuel bunker prices in Singapore have weakened since…

30 Mar Biodiesel blend hike raises prices in Brazil Differentials for biodiesel supply contracts to Brazilian distributors in April…

29 Mar Canada budget proposal thin on biofuels Canada's new federal budget commits tax incentives to keep pace with massive US clean energy spending but leaves biofuel…

29 Mar Caribbean shipping sector to push decarbonization The Caribbean shipping sector has signed an agreement with the…

29 Mar Titan receives first of two small-scale LNG vessels Dutch firm Titan LNG has received the 12,000m³ Titan Unikum LNG small-scale carrier, which will undergo…

29 Mar Jiangnan, Hyundai Samho receive orders for LNG carriers China's Jiangnan Shipyard and South Korea's Hyundai Samho Heavy Industries (HSHI) have each received orders to build two…

29 March Import data shows shake-up of Russian methanol flows Latest import data from Global Trade Tracker (GTT) shows changing Russian methanol flows in…

28 Mar Spain's Ence, Sener to develop 6 new biomethane plants Spanish bioenergy company Ence's subsidiary Ence Biogas has signed an agreement with…

28 Mar Shell, Zim complete first 10-year LNG bunkering deal Shell and Israeli shipping firm Zim have completed the first LNG bunkering operation…

28 Mar IMO GHG meeting still reflects profound divisions The draft revised strategy on the reduction of emissions in shipping agreed at the…

27 Mar Q&A: Methanex says future of biomethanol is in shipping Canadian firm Methanex, one of the largest methanol producers, told Argus…

27 Mar Japan's KHI to build LPG-fuelled LPG, ammonia carrier Japan's shipbuilder Kawasaki Heavy Industries (KHI) plans to build an 86,700m³ LPG and ammonia carrier that is…

Conventional marine fuels

31 Mar Australia's Ampol offers rare residual fuel spot supply Australian refiner Ampol has offered rare residual fuel spot cargoes, after it…

30 Mar China on course for shock diesel export increase Chinese oil firms have revised up their export plans for…

29 Mar Argentina's VLSFO sales fall to lowest since 2019 Argentina's sales of very low-sulphur fuel oil (VLSFO) fell in…

29 Mar Ohio River lock chambers closed after vessel crash A vessel crash yesterday morning on the Ohio River has closed three…

29 Mar Exmar shipping profit rose in 2022 Belgium-based LPG shipowner Exmar's shipping arm increased its profit to…

29 Mar EU diesel imports slump EU diesel imports dropped to just 375,000t last week, the lowest for any week since…

28 Mar Russian fuel oil exports rising Seaborne Russian fuel oil exports were 6.2pc higher than the…

28 Mar Pirates board products tanker in Gulf of Guinea Pirates have boarded a tanker in the Gulf of Guinea…

27 Mar Russian 1Q bunker sales up, 2Q outlook mixed Russian first quarter bunker sales were around…

27 Mar Kenya-Mideast Gulf oil tender lift MR rates to Africa Freight rates for clean Medium Range (MR) clean tankers from the Mideast Gulf to Africa will potentially…

28 Mar Carnival Cruise narrows losses in 1Q Carnival Cruise Line pared its loss in the first quarter…

27 Mar Australia's Ampol shuts FCC unit at Lytton refinery Australian refiner Ampol has shut a fluid catalytic cracking unit (FCC) at its…