Methanol in Asia and hydrogen in Russia: “Bunker Market. Prices” digest
- Alternative types of fuel are getting increasingly popular worldwide with Asia joining the trend: the Port of Singapore held its first methanol bunkering operation while the port’s sales of liquefied natural gas surged 7-fold, blended biofuel LSFO — 5.5 times.
Meanwhile, Pavilion Energy and CNOOC Gas and Power Group have successfully concluded their inaugural Ship-to-Ship (STS) LNG bunkering operation to Maran Dione, Maran Tankers Management (MTM)’s new-built dual-fuel (DF) very large crude carrier (VLCC), in China.
As for Russia, the Government and Sistema PJSFC signed an agreement of intent to develop hydrogen energetics. According to Andrey Gurlenov, General Director of Sitronics Electro, a pilot run of a hydrogen-powered passenger ship is to be held in September 2023 in the water area of the shipyard in the Leningrad Region.
It should also be noted that throughput of Russian seaports continues growing: in January-July 2023, they handled 526.8 million tonnes of cargo, up 9.3%, year-on-year. The growth was mainl driven by dry bulk cargo.
Read more about all this in our digest “Bunker Market. Prices”.
IAA PortNews publishes a specialized electronic publication dedicated to the bunkering services market twice a week. The Bunker Market / Prices Digest has a clear structure and contains up-to-date information on all significant industry events for the reporting period, statistical data and analytical calculations. Most of the information contained in the digest is exclusive and is not published on the websited and in the agency's printed publications.
The digest includes:
- Bunkers indicative prices, broken down by fuel type, high-sulphur and low-sulphur fuel oil, (in USD and RUB);
- The main factors that influenced the change in the cost of marine fuel
- World prices for bunker fuel
- Overview of wholesale prices for petroleum products
- Information about ship calls
- Bunkering News
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