Monthly estimated demand of 30,000 mt of LSFO for coastal ships plying on India’s eastern coastal route are not met, say local bunker suppliers.
Bunker One will have the exclusive rights to purchase 100% of Vertex's Marrero, Louisiana refinery's marine fuel production until December 2029.
Reduction of air pollutants will be addressed differently in the future as shipping industry continues decarbonisation.
Initial exports of bunker fuel may be limited due to focus on developing domestic coastal bunker fuel market.
China’s fuel oil tax rebate may lower bunker prices, especially in Asian shipping hubs, says FIS’ Chris Hudson.
Delayed exhaust gas scrubber installations will further boost demand for IMO-compliant products.
CEO Yukikazu Myochin addresses the need for the company to continue studies on new technologies such as Kite energy.
‘We need to pay close attention and maintain our focus on compliance as we move toward a stable path.’
Sulphur content issues, redelivery, and charterparty disputes among the most common problems encountered.
Shippers need to make sure they understand exactly what they are being asked to pay extra for by carriers.
