Methanol

Methanol Institute publishes first comprehensive guide to methanol as bunker fuel

Report provides an analysis into use of methanol as a marine fuel considering compliance with emissions reduction legislation, track-record, cost, and performance compared to other alternative bunker fuels.

Published

1 year ago

November 17, 2023

Admin

The Methanol Institute (MI) on Wednesday (15 November) published the first comprehensive guide to methanol as a marine fuel.

The report provides an analysis into the use of methanol as a marine fuel considering four key factors: compliance with emissions reduction legislation, track-record, cost, and performance compared to other alternative bunker fuels.

As the shipping industry continues its transition towards net carbon-neutral operations, MI said owners are increasingly choosing methanol as a fuel that can help them progressively reduce emissions in line with regulatory targets.

“MARINE METHANOL Future-Proof Shipping Fuel has been produced to help stakeholders across the industry access the information they need to support decision-making on which alternative fuel is right for their fleet,” it said.

Sections of the report address regulatory drivers, environmental performance, engines and fuel systems, bunkering, handling and safety characteristics, costs and pricing, availability, and feedstocks for conventional and renewable products.

Also included in the guide are case studies on first movers, including AP Moller-Maersk, Waterfront Shipping, Proman Stena Bulk, and the conversion of ropax ferry Stena Germanica.

In the report’s closing statement, MI said shipping operators would have no problem sourcing methanol, as it is a globally traded commodity found in over 120 ports and produced in over 90 facilities with an aggregate production capacity of ~120 million tonnes.

By 2050, production capacity is expected to grow to 500 million tonnes, out of which 80 percent will be ultra-low carbon e-methanol or bio-methanol, according to IRENA.

As for cost-effectiveness, MI said a recent study has estimated that e-methanol and bio-methanol are the most cost-effective low carbon fuels by total cost of ownership.

“However, low carbon fuels are two to eight times more expensive than their fossil counterparts. This highlights the need for regulatory measures to encourage the widespread uptake of low carbon marine fuels, including e-methanol and bio-methanol.”

Note: The full ‘MARINE METHANOL Future-Proof Shipping Fuel’ report can be viewed here.

Photo credit: Methanol Institute
Published: 17 November, 2023

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Bunker Fuel

Singapore: GCMD develops calculator to explore IMO GFI-linked pricing system

Free cost and compliance calculator has been developed by its team based on the newly approved GHG emissions pricing framework by IMO’s MPEC 83 recently.

Published

2 days ago

April 16, 2025

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Singapore: GCMD develops calculator to explore IMO GFI-linked pricing system

The Global Centre for Maritime Decarbonisation (GCMD) on Tuesday (15 April) introduced a free cost and compliance calculator that has been developed by its team based on the newly approved greenhouse gas (GHG) emissions pricing framework by the Marine Environment Protection Committee during its 83rd session (MPEC 83).

The calculator will help maritime stakeholders explore how the two-tiered, GHG Fuel Intensity (GFI)-linked pricing system could impact operational costs.

GCMD said the buzz around International Maritime Organization's MEPC 83 and the newly approved GHG emissions pricing framework has been intense — and understandably so.

“To help make sense of it, our CEO Prof. Lynn Loo started with handwritten trajectory calculations to break down the core workings,” it said in a social media post.

“Building on that, our team has developed a simple, accessible cost and compliance calculator to help you explore how the two-tiered, GFI-linked pricing system could impact operational costs.”

The calculator is just one input—its results should be considered alongside other economic and operational factors to inform commercial decisions.

The tool covers covers heavy fuel oil (HFO), liquified natural gas (LNG), B24 biofuel, e-ammonia and bio-methanol.

“Whether you're assessing fuel options, planning newbuilds, or just trying to get a feel for what this might mean for your operations — this tool offers a useful first-cut view. For added clarity, we’ve included the workings on the side so you can trace the calculation process,” GCMD added.

Note: GCMD’s cost and compliance calculator can be found here.

Photo credit: Global Centre for Maritime Decarbonisation
Published: 16 April, 2025

Bunker Fuel

Singapore: Bunker fuel sales increase by 0.5% on year in March 2025

4.47 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in March, up from 4.45 million mt recorded during the similar month in 2024, according to MPA data.

Published

3 days ago

April 15, 2025

Admin

Singapore: Bunker fuel sales increase by 0.5% on year in March 2025

Sales of marine fuel at Singapore port increased by 0.5% on year in March 2025, according to Maritime and Port Authority of Singapore (MPA) data.

In total, 4.47 million metric tonnes (mt) (exact 4,469,170 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in March, up from 4.45 million mt (4,445,070 mt) recorded during the similar month in 2024.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in March (against on year) recorded respectively 1.62 million mt (+0.6% from 1.61 million mt), 2.33 million mt (-3.7% from 2.42 million mt), 500 mt (+100% from zero), 100 mt (-98% from 5,100 mt) and zero (from zero).

Singapore: Bunker fuel sales increase by 0.5% on year in March 2025

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in March (against on year) recorded respectively 51,900 mt (+100% from zero), 93,700 mt (+42% from 66,000 mt), zero (from zero), zero (from zero) and zero (from zero). A new addition of biofuel blend, introduced in February this year, B100, recorded no sales in March.

LNG and methanol sales were posted respectively at 39,000 mt (+1% from 38,600) and zero (from zero).

A complete series of articles on Singapore bunker volumes by Manifold Times in 2024 can be found below:

Photo credit: Maritime and Port Authority of Singapore
Published: 15 March, 2025

Events

Maritime Week Americas to assess how US policy changes will impact bunkering

Event, taking place in May, will try to assess how US policy changes will impact the day-to-day business of shipping and bunkering, as well as the maritime industry’s shift towards a zero carbon future.

Published

7 days ago

April 11, 2025

Admin

Maritime Week Americas to assess how US policy changes will impact bunkering

Maritime Week Americas is coming to the United States amid the trade mayhem and turmoil and will try to assess how US policy changes will impact the day-to-day business of shipping and bunkering, as well as the maritime industry’s shift towards a zero carbon future.

President Donald Trump has wasted no time in overturning the status quo and injecting massive uncertainty into every aspect of world trade, said ship.energy.

With the dust still nowhere near settling, there is no telling when the chaos will end or what the energy, shipping and bunker markets will look like in a month or year from now.

Llewellyn Bankes-Hughes, CEO of ship.energy, founder and organiser of Maritime Week Americas, said: “There is no doubt that the conversations at MWA25 will be livelier that ever as delegates battle to come to terms with a completely new world order. What all this turmoil means to shipping and bunkering, let alone to global, regional, and national economies, will be the question that everyone joining us in Tampa will be asking. Hopefully by the end of the event we will have some answers.”

Maritime Week Americas is always where the key questions are raised and answers are sought. With vigorous debate and frank discussion, well over 250 bunker buyers, suppliers and traders will gather in Tampa for an intense week that includes training, the MWA25 Flagship Conference, and – as always – some unmissable networking.

MWA25 will look at shipping and bunker markets throughout North, Central and South America and the Caribbean, examining traditional bunker markets and the ‘new’ fuels whose take-up is rapidly picking up pace. But can the same be said now for the United States?

Traditional marine fuels are still the mainstay throughout the Americas. The conference will examine fuel quality and quantity issues and take a close look at what is happening in some of the continent’s more active markets, such as Peru and Panama.

There LNG is now a mainstream marine fuel as its availability grows throughout the Americas, with Panama among the newest supply hubs. But is there potential for a backlash over LNG’s green credentials?

Biofuels are also on a fast upward trajectory, with Brazil and other countries now leading the way. But while LNG and biofuels look set to play a key role in fuelling ships for the foreseeable future, other fuels, such as methanol, ammonia and hydrogen may not be too far behind. These, and the full range of alternative fuels will be examined in depth during the MWA Conference.

More ports are now beginning to appreciate the environmental benefits of making shore power available to visiting vessels, with some – such as Miami – currently assessing the benefits of installing electric power facilities and others – such as Seattle – already planning to mandate cold ironing for cruise ships visiting the port. At the same time, more electric-powered vessels are beginning to appear, with Canada’s Montreal and Vancouver currently leading the way with new electric ferries. Meanwhile, the world’s biggest electric-powered ferry is expected to start operating between Buenos Aires in Argentina and Colonia in Uruguay by mid-2025.

For the first time, Maritime week Americas will include an entire session focused on Jamaica, an island determined to revitalise and boost its shipping, maritime and bunkering activities.

As always, MWA25 will feature some exciting networking events, designed to highlight the new venue and to ensure that the delegates take every opportunity to network.

Note: More information on Maritime Week Americas can be found here.

Photo credit: Petrospot
Published: 11 April, 2025