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 and access to Argus Marine Fuels, please contact: oil-products@argusmedia.com.
Alternative marine fuels
5 May Odfjell surpasses IMO requirements Norway-listed chemical storage and tanker owner Odfjell surpassed the ...
5 May Rotterdam's large-scale ammonia cracker feasible: Study The Dutch port of Rotterdam could host a centralised ammonia cracking facility capable of delivering...
5 May PBF renewable diesel JV targets May start US independent refiner PBF Energy's renewable diesel joint venture in Louisiana will begin processing ...
5 May Indonesian palm waste exports remain steady in March Indonesian palm waste exports for March remain steady, on the back of continued high shipments to China, and despite ...
4 May Hapag-Lloyd passes CO2 costs to customers German cargo ship operator Hapag-Lloyd is offering 100pc emissions avoidance freight rates to its customers at more than ...
4 May Fratelli supplies marine biofuel at Genoa Italian bunker supplier and shipowner Fratelli Cosulich has successfully supplied marine biofuel for ...
4 May NH3 bunkering in Singapore unlikely by end 2023: MPA The Singapore port is unlikely to be ready for ammonia bunkering by ...
4 May Royal Caribbean 1Q loss gets smaller US-based cruise ship operator Royal Caribbean narrowed its first quarter losses by 96pc over a year ago, from …
4 May Repsol begins supply of renewable biofuels at pump Spain's integrated Repsol has started supplying renewable biofuel at three service stations in ...
4 May Infrastructure hurdles could keep LNG market tighter Limited floating storage and regasification (FSRU) shipbuilding availability and rising costs for ...
4 May Forward LNG prices signal scope for floating storage A steep contango in northwest Europe forward delivered LNG prices later this year has suggested a high ...
3 May Panama sets green H2 targets for transport sector Panama has launched a green hydrogen strategy that sets consumption targets for its maritime...
3 May Rotterdam bunker sales down on quarter in 1Q Bunker fuel sales at the port of Rotterdam — Europe's largest marine refuelling hub — fell on the quarter in ...
3 May EU carbon removal plans risk greenwashing: NGOs A draft report on the EU's planned carbon removal certification framework makes minor enhancements, but fails to shore up ...
3 May Norway's Scatec pulls out of Oman green ammonia project Norwegian renewables developer Scatec has pulled out of a $5bn-6bn project to jointly develop ...
3 May Belgian port eyes 10mn t/yr ammonia import capacity The Belgian port of Antwerp-Bruges is targeting 10mn t/yr of ammonia import capacity by 2030, as it hopes to ...
2 May Share of biodiesel in German fuel mix down in February The share of biodiesel and ethanol in Germany's transport fuel mix fell in ...
2 May Hyundai Heavy wins orders to build six LNG carriers South Korean shipbuilder Hyundai Heavy Industries has received two orders to build ...
2 May Indonesia, Malaysia palm oil export duties flat in May Indonesia will leave export duties and levies on palm oil products unchanged during 1-15 May, as the new crude palm oil (CPO) reference price ...
2 May Purus Marine orders four dual-fuelled gas carriers UK-based shipping company Purus Marine has placed an order for four dual-fuelled mid-size gas carriers (MGC) from ...
1 May Japan's Jera eyes 2mn t/yr ammonia imports in 2030 Japan's largest power producer by capacity Jera is looking to import around …
1 May Adnoc, TotalEnergies in 3-year LNG supply deal Abu Dhabi's state-owned Adnoc has signed a three-year agreement to supply TotalEnergies with LNG.
Conventional marine fuels
5 May Dry bulk ton-miles to rise in 2023: Eagle Bulk Demand for iron ore and coal is expected to push higher in 2023, boosting …
5 May Tanker rates holding firm in 2Q: Int Seaways Crude and refined product tanker owner International Seaway's strong first quarter has continued into the second, as average ...
5 May Russian diesel 56pc of Brazil's April imports Russia became Brazil's top diesel supplier in April, surpassing ...
5 May China independent refiners face feedstock import limits Shandong independent refiners have been processing more fuel oil because of ...
5 May HSFO assessed at premium to VLSFO in Malta The delivered fuel oil sulphur spread has inverted at the port of Malta, a key Mediterranean bunkering location, as ...
4 May Moller-Maersk bunker demand drops in 1Q Danish shipping firm AP Moller-Maersk spent less on marine fuel in the first three months of this year ...
4 May Russian diesel entrenched among Brazil importers Imports of Russian diesel by large Brazilian companies suggests that companies are finding ways to buy...
4 May ARA fuel oil stocks reach 22-month high Independently-held oil product stocks at the Amsterdam-Rotterdam-Antwerp (ARA) trading hub gained 5pc in the week to 3 May, reaching ...
4 May Lower bunker prices weigh on Pacific Panamax rates Freight rates for Pacific dry bulk Panamax vessels fell on lower bunker prices, as ...
3 May VLSFO-HSFO premium narrows on distillates stockpiles Very low-sulphur fuel oil (VLSFO)-high-sulphur fuel oil (HSFO) bunker premiums in northwest Europe and Singapore narrowed to their lowest levels in April since ...
3 May Shipowner Norden's profit up in 1Q Danish shipowner Norden's profits stepped higher in the first quarter on the back of a strong tanker market, which the company expects to ...
2 May Asian LSFO to get short-lived support from lean inflows Asian low-sulphur fuel oil (LSFO) margins will likely only receive slight support from lean inflows into Singapore in the ...
2 May Scorpio Tankers 'continued strength' in 1Q Scorpio Tankers' fleet of refined product tankers earned more than $35,000/d in the first quarter, the fourth straight quarter ...
1 May Kuwait's al-Zour refinery resumes exports after outage Kuwait's state-owned KPC has resumed exports from its 615,000 b/d al-Zour refinery following the restart of one of two crude distillation units (CDU) that were shut ...
1 May Norwegian Cruise losses narrow US-based Norwegian Cruise Line (NCL) narrowed its losses by 84pc in the first quarter, as ...
1 May US biofuel feedstocks usage up in Feb: EIA Biofuel feedstock consumption in the US in February increased across all categories from last year, aided by the growth in renewable diesel capacity year-on-year.
