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 and access to Argus Marine Fuels, please contact: marinefuels@argusmedia.com.

Alternative marine fuels

19 May Spain's Solatio plans green ammonia projects in Brazil Spanish solar energy company Solatio is planning to develop two renewable ammonia production plants in …

19 May Danish plant could produce e-methanol by year end Denmark-based renewables developer European Energy has started construction of a …

19 May Japan's Mol to charter methanol-fuelled methanol ship Japanese shipping company Mitsui OSK Line (Mol) plans to charter a new methanol-fuelled methanol carrier, which …

18 May Share of biofuel in Sweden's road fuel mix up in March The share of biofuels in Sweden's road fuel mix rose for the second consecutive month in March, tracking …

17 May EU biodiesel imports at six-month low: Eurostat EU biodiesel imports fell to a six-month low in March because of …

17 May White House starts review of 2023-25 biofuel rule President Joe Biden's administration has started a final review of biofuel blending requirements from …

17 May Japan's NYK adds fourth LNG-fuelled car carrier Japanese shipowner Nippon Yusen Kaisha (NYK Line) has launched its fourth LNG-fuelled car carrier, as part of …

17 May Infrastructure issues to keep market tight Limited floating storage and regasification (FSRU) shipbuilding availability and rising costs for new liquefaction terminals could …

17 May Ammonia accident would be huge setback: Vopak An increasingly broad swath of industrial sectors have turned their attention to clean ammonia …

17 May Portugal biofuels imports and blending rose in March Portuguese biofuel blending increased in March as …

16 May Envitec to start up four biomethane plants in the US Germany's Envitec Biogas said it plans to start operations "in due course" at four of the …

16 May Corsica Linea signs LNG ferry maintenance agreement French Mediterranean ferry operator Corsica Linea has signed an agreement with Finnish engineering firm Wartsila to …

16 May Japan's K Line to charter LNG-fuelled LNG carrier Japanese shipping firm Kawasaki Kisen Kaisha (K Line) has agreed with domestic trading house Mitsubishi to charter …

16 May Trinidad's March ammonia, methanol output slip Trinidad and Tobago's March ammonia and methanol production both declined in March from a year earlier, reflecting reduced …

16 May EnBW, NYK sign charter agreement for four LNG carriers German utility EnBW has signed long-term charter contracts with Japanese shipping firm NYK Line for …

15 May Egypt signs deal for 40,000 t/yr e-methanol plant Egypt's state-owned Alexandria National Refining and Petrochemicals (ANRPC) and the Egyptian Company for Bioethanol have …

15 May Dutch Stamicarbon to design US green ammonia plant Dutch fertiliser plant technology firm Stamicarbon is to design a US plant for …

15 May Ammonia-run ships for W. Australia exports by 2028: GMF Vessels running on clean ammonia could be deployed on the iron ore route from Western Australia to …

15 May Portuguese LNG sendout ticks up Sendout from Portugal's 6.9mn t/yr Sines import terminal so far this month is on track to rise to …

15 May Spanish biodiesel demand rises, 2022 data revised up Spanish biodiesel demand rose slightly in March …

Conventional marine fuels

19 May PetroEcuador's fuel oil exports rise in 1Q State-owned PetroEcuador said it exported 2.6mn bl (29,210 b/d) of fuel oil in the first quarter of this year, up by …

19 May Fuel oil stock draw pressures ARA product inventories Independently-held oil product stocks at the Amsterdam-Rotterdam-Antwerp (ARA) trading hub shrunk by …

19 May Petrobras suits up for market share battle Changes to Petrobras' pricing policy for diesel and gasoline give the state-controlled company more …

19 May China halves April diesel exports from month ago China's April diesel exports halved from March to hit a …

19 May Higher Chinese coal stocks dampen Pacific Panamax rates Freight rates for Pacific dry bulk Panamax have fallen to a …

19 May Mediterranean refiners voice Russia sanctions ire Refiners in the Mediterranean are becoming increasingly vocal over what they see as …

19 May Diesel dominates Australia's March product imports Australia's refined oil product imports for March were stable against …

18 May Fire reported at Mexico's largest refinery A fire broke out this morning around 10:00am ET at Pemex's …

18 May Tame diesel prices reflect European demand malaise An industrial slowdown impacting European diesel demand appears to be the key driver of the …

18 May Bahrain Sitra refinery upgrade 90pc complete: Source Bahrain's Sitra refinery modernisation and expansion project is more than 90pc complete and will be ready by the end of …

18 May South Korea's GS Caltex seeks rare June-delivery VLSFO South Korean refiner GS Caltex has sought very-low sulphur fuel oil (VLSFO) for June delivery, in a departure from …

18 May Oman readies Duqm secondary units ahead of start-up Oman has begun commissioning secondary units at its new 230,000 b/d Duqm refinery, in preparation for …

18 May Taiwan's CPC to not offer June gasoil on maintenance Taiwanese state-owned refiner CPC is likely to skip its spot offers for June-loading cargoes of ultra-low sulphur diesel while its …

18 May IMO states call for tighter measures on STS transfers Member states of the International Maritime Organisation (IMO) have called for more action to be taken to prevent ‘dark shipping' ship-to-ship (STS) …

17 May Imports from Kuwait weigh on Fujairah bunker market Muted demand and ample supplies of 0.5pc marine fuel in the UAE's Fujairah — the world's third largest bunkering port — have pushed …

17 May Singapore's MPA will not renew New Maritime's licence The Maritime and Port Authority of Singapore (MPA) will not renew Singapore-based New Maritime's bunker craft operator licence, which will expire …

16 May Jamaica to lift asphalt output as HFO demand wanes Jamaica's state-owned oil refiner Petrojam's asphalt production will increase almost five-fold …

16 May Exmar shipping 1Q23 profits jump Belgian LPG shipowner Exmar's profits from its shipping division increased …

16 May Petrobras alters fuel pricing policy Brazil's state-controlled Petrobras is changing its pricing policy for oil products, ditching …

15 May Lowest Ice gasoil volume for delivery since January A total of just 123,200t of Ice May gasoil futures were held at the expiry of the contract on 11 May, which means …

15 May Singapore bunker sales rebound in April Singapore's bunker sales in April totalled 4.25mn t, which was …

15 May China releases second batch of VLSFO export quotas China has released a combined …

15 May Indonesia implements VLSFO price reduction Indonesia's state-owned Pertamina has reduced its Indonesian very low-sulphur fuel oil (VLSFO) bunker prices by about …

15 May Heydar Aliyev refinery to produce ULSD by summer Azeri state-owned Socar's 240,000 b/d Heydar Aliyev refinery is to start producing Euro-5 specification diesel by …