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Bunker Fuel

Argus Media: Argentina bunker sales dip, but sellers eye rebound

With refinery maintenance wrapped up and bunker barges back online, local suppliers are optimistic about a rebound in the second half.

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A drop in fuel oil output, tight barge availability, and cheaper alternatives at rival ports dragged Argentina’s bunker sales down in early 2025. But with refinery maintenance wrapped up and bunker barges back online, local suppliers are optimistic about a rebound in the second half.

Very low-sulphur fuel oil (VLSFO) sales in January-May fell by 23pc compared to the same period a year earlier to 437,917t, according to Argentina’s Petroleum and Gas Institute (IAPG). The slide mirrored a 19pc drop in residual fuel oil production, which fell to 868,464t driven largely by refinery maintenance. Nearly half of the country’s residual fuel oil came from Raizen’s Dock Sud refinery (47pc), followed by Trafigura’s Ricardo Elicabe (18pc) refinery, YPF’s La Plata (17pc), and Pan American Energy’s Campana plant (14pc). Argentina’s total petroleum product output was also down by 7pc to 12.3mn t.

Operational issues added pressure with two bunker barges offline in the first quarter, slowing loadings in Buenos Aires. At the same time, Buenos Aires’s VLSFO premium to the competing ports of Santos, Brazil, and Cristobal, Panama widened (see chart). “[But we are] looking at a healthy demand this July for Zona Comun and Buenos Aires”, a bunker seller told Argus, pointing to signs of recovery.

Trafigura led VLSFO bunker sales volumes with 29pc, followed by Shell with 28pc, YPF and Pan American Energy with 19pc each, and Fox Petrol with 5pc. Marine gasoil MGO volumes held steady at 251,647m³ (209,770t), with YPF capturing 58pc of the market. Argetina’s MGO sales were nearly unchanged in the first five months of the year from a year earlier, according to IAPG.

Meanwhile, Argentina’s government this week made permanent the temporary cuts implemented at the end of January to export taxes on agricultural products like soybeans, corn, and sunflower oil. The tax relief could boost bulk carrier traffic. But the main export windows for these products are concentrated from January-July, thus the policy itself is unlikely to drive an uptick in second-half bunker demand, noted one bunker supplier.

By Flavia Alemi and Stefka Wechsler

Selected Latin American ports VLSFO $/t

Selected Latin American ports VLSFO $/t

 

Photo credit and source: Argus Media
Published: 31 July, 2025

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LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

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PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions. 

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post. 

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024. 

 

Photo credit: Pacific International Lines
Published: 21 July, 2026

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LNG Bunkering

CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s alternative fuel bunkering infrastructure.

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CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

China’s Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. (CIMC SOE) recently signed a contract with Sinopec (Beijing) Clean Energy Co., Ltd. to build a 12,000-cubic metre (m3) LNG bunkering vessel, according to Chinese maritime media.

The vessel is scheduled for delivery in 2028 and will support Sinopec’s efforts to expand its presence in the marine clean energy sector.

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s LNG bunkering infrastructure.

With this signing , CIMC Pacific Offshore Engineering’s LNG bunkering vessel orderbook is further strengthened, maintaining its leading position in the global market for small and medium-sized LNG bunkering vessels.

The contract also marked another milestone for CIMC SOE, which has seen a sharp increase in orders and business performance this year amid a surge in domestic LNG vessel demand.

 

Photo credit: Nantong CIMC Sinopacific Offshore & Engineering
Published: 21 July, 2026

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Nuclear

ABS awards AiP to Korean institute for SMR-powered container ship concept design

KRISO says AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

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ABS awards AiP to Korean institute for SMR-powered container ship concept design

Korea Research Institute of Ships & Ocean Engineering (KRISO) on Thursday (16 July) received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its concept design of a 15,000 TEU Small Modular Reactor (SMR)-powered container ship utilising Molten Salt Reactor (MSR) technology.

KRISO said the AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

“This achievement demonstrates international recognition of KRISO’s technological capabilities in the rapidly evolving field of nuclear-powered shipping, supporting the transition toward low-carbon maritime transport,” it said. 

Building on this milestone, KRISO will continue advancing basic and detailed ship design, paving the way for future demonstration and commercialisation of SMR-powered vessels. 

Through continued R&D and international collaboration, KRISO remains committed to strengthening next-generation maritime technologies and contributing to the safe deployment of nuclear propulsion in the maritime industry.

 

Photo credit: Korea Research Institute of Ships & Ocean Engineering
Published: 21 July, 2026

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