Marine fuel global weekly market update

A weekly Argus news digest of interest to the conventional and alternative marine fuel markets. To speak to our team about accessing the stories below and access to Argus Marine Fuels, please contact: [email protected].

Alternative marine fuels

12 May First biofuel bunker supply announced in Middle East Japan's Inpex Corporation and the Astomos Energy Corporation have signed a deal to supply ...

12 May Biomethane supplier ReFuels lists in Oslo Dutch energy supplier ReFuels listed today on the Oslo Stock Exchange (...

12 May European ammonia production remains uncompetitive Domestic ammonia production remains uncompetitive with imports into Europe, even as ...

11 May Hoegh Autoliners agree to green ammonia deal Norwegian-based shipping company Hoegh Autoliners and alternative fuels supplier North Ammonia have ...

11 May South Korea launches first LNG bunkering vessel South Korean shipbuilding firm Hyundai Heavy Industries has completed the construction of the country's ...

11 May Vopak opens new biofuel feedstock storage facility Dutch infrastructure provider Vopak has opened 16 new tanks to store renewable feedstocks for biofuels ...

11 May Japan's Astomos to receive biofuel for VLGC Japanese LPG importer Astomos has agreed with domestic upstream firm Inpex to receive mixed biofuel for its ...

11 May Toyota Tsusho starts commercial bunker biofuel supplies Japanese trading house Toyota Tsusho in April started commercial deliveries of marine biofuel to ...

10 May H2 plans firm up in Central America and the Caribbean Countries in Central America and the Caribbean are advancing plans to move towards renewable, and in some cases low-carbon...

10 May Marubeni to sell Chinese low-carbon methanol in Japan Japanese trading house Marubeni plans to start selling low-carbon methanol produced in China in ...

10 May Asian UCO to US trade continues despite customs dispute Biofuel feedstock used cooking oil (UCO) is set to continue flowing from Asia ...

10 May Cepsa looks into biofuels from microalgae Spanish oil and gas company Cepsa and the Canary Islands governmental research body Instituto Tecnologico de Canarias (ITC) are looking into ...

10 May Darling renewable diesel sales volumes up in 1Q Darling Ingredients boosted its sales of renewable diesel by nearly ...

9 May Algeria eyes H2 to green 4mn-5mnt/yr ammonia exports Algeria plans to substitute renewable hydrogen into its existing 4-5mnt/yr of ammonia production based on ...

Conventional marine fuels

12 May Panama bunker sales at 5-year low for April Panama's April bunker sales dipped below 400,000t for the first time in five years, probably because of strong ...

12 May Europe diesel demand down 4pc on year in Feb Diesel deliveries fell by 4pc year on year in February in 23 European countries that have reported data to Eurostat for that month, and it appears stocks are building in the re-export hub of Amsterdam-Rotterdam-Antwerp (ARA).Safe Bulkers' dry cargo profits lower

12 May Chinese product exports to rise in May Chinese exports of gasoline, diesel and jet fuel are on course to rise this month following the…

12 May Oman's O Bunkering signs supply deal in Duqm Oman-based bunker trading firm O Bunkering signed a deal with Marsa Al Duqm Investments (Marsa), a subsidiary of ...

12 May Japan's bonded bunker fuel demand strengthens in March Japan's March bonded marine fuel sales hit 80,000 b/d for the first time ...

12 May Weaker coal fundamentals pressure Pacific Panamax rates Freight rates for Pacific dry bulk Panamax have fallen to an 11-week low on reduced coal demand ...

12 May Exmar shipping profits jump with rates in 1Q Belgium-based LPG shipowner Exmar's shipping arm increased its profits in the first quarter ...

12 May Petrobras to review fuel pricing policy next week Brazil's state-controlled Petrobras will review its fuel pricing policy next ...

11 May Singapore's fuel oil inventories exceed six-month lows Singapore's onshore fuel oil stocks fell to over six-month lows with a drop in imports and rise ...

New York, 11 May Higher runs, sanctions to buoy clean tankers: d'Amico](https://direct.argusmedia.com/newsandanalysis/Article/2448219) Rising refinery throughput and higher tonne-mile demand caused by the EU ban on seaborne Russian refined product imports are two main factors that will provide support to clean tanker freight rates into the third quarter of this year, shipowner d'Amico said.

11 May Panocean dry bulk profits fall further South Korea-based operator Panocean's profits fell in the first quarter …

11 May Tonne mile growth firms Torm tankers profits in 1Q Product tanker owner Torm benefited from firmer freight rates in the first quarter 2023 as the total tonne miles (tmi) for clean products rose because of the EU ban on Russian oil product, the firm said in its quarterly results.

11 May Euronav crude tanker profits surge in 1Q Shipowner Euronav's profits were buoyed in the first quarter of …

11 May Hapag-Lloyd installs more scrubbers in fleet Container shipping firm Hapag-Lloyd said its demand for low-sulphur bunker fuel grades diminished in the first quarter ...

11 May German heating oil attracts premium over diesel at ARA The price of German heating oil barges at the Amsterdam-Rotterdam-Antwerp (ARA) hub has been higher than diesel barges ...

11 May Brazil diesel demand, Russian imports up in April Modest growth in Brazilian domestic diesel consumption in April led to lower-than-expected sales, particularly among ...

10 May Lack of Pakistan purchases pressures Asian HSFO markets Singapore high-sulphur fuel oil (HSFO) margins have remained under pressure as Pakistan continues to ...

10 May Increased vessel orders firm KHI's FY22 revenues Japanese shipbuilder Kawasaki Heavy Industries (KHI) posted an increase in revenues from its ...

10 May Asian UCO to US trade continues despite customs dispute Biofuel feedstock used cooking oil (UCO) is set to continue flowing from Asia to ...

9 May Spain diesel demand drop leads fuel deliveries lower Spanish road fuel deliveries by storage and pipeline operator Exolum fell in April when a dip in ...

9 May TFG Marine expands US Gulf operations The bunker fuel supply joint venture TFG Marine will expand ...

9 May EU refinery runs at post-pandemic high European traders narrowly built their stockpiles of every major product in April, especially ...

8 May Open arbitrage prompts China to import diesel Chinese refiners are importing diesel to take advantage of an open arbitrage window and granted import quotas...

8 May Jones Act owner OSG swings to profit in 1Q US-based Jones Act tanker owner Overseas Shipholding Group (OSG) swung to profit in the first quarter on fewer layup days for its ...

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