Market News

Recent Developments

In January 2022, Titan LNG, a leading, independent and physical LBM and LNG supplier gained the tender for the delivery of LNG in the Port of Marseille for Corsica Linea's new Ro-Pax LNG fueled ferry. This partnership indicates the expansion of Titan LNG's operation into the Mediterranean will enhance the availability of LNG, bioLNG, and in the longer run, hydrogen-derived LNG in the region.
In December 2021, at the Red Sea ports of Yanbu and Jeddah in Saudi Arabia, Minerva Bunkering an manufacture began selling marine fuels. The business is partnered with Aramco Trading and the Saudi Arabian Energy Ministry and is owned by Mercuria Energy Group.
In May 2021, According to the Ministry of Transport of the People’s Republic of China, in 2021, Shanghai port topped in the container throughput, reaching over 47.03 million TEU witnessing an increase of 8.1% compared to 2020 levels.
In March 2022, the first marine bio-VLSFO (very low sulfur fuel oil) bunker delivery was carried out by TotalEnergies Marine Fuels at Singapore port’s waters. The delivery was part of NYK Line and Anglo American’s recently completed biofuel trial. The delivery was supplied to the MT Friendship via a ship-to-ship transfer and consisted of a B10 biofuel blend made up of VLSFO blended with 10% second-generation, waste-based and ISCC-certified UCOME (used cooking oil methyl ester). The biofuel was used during the vessel’s two-way trip between Singapore and Saldanha Bay in South Africa.

Bunker Fuel Market Report Snapshots