Post on LinkedIn by Pablo Rodas-Martini Author and speaker, bewitched by ships and ports, passionate for the decarbonization of the maritime industry, always trusting in science, and with a firm grasp of maritime and port economics.

A thought on climate change: ships won’t be able to hide their emissions anymore. Their emissions of SOx, NOx, PM, and CO2 will be tracked at all times in the near future. Between sniffer drones, planes equipped with sniffers, stationary sensors, and, on the deep-sea, satellites, shipping companies will be forced to reveal the full extent of their emissions—no more greenwashing by many of them on their sustainability reports! Read here an article from Yale Environment 360 about the critical role of satellites.

“Tracing emissions to their source is no easy task, however. Releases are often intermittent and easy to miss. Ground-based sensors can detect leaks in local areas, but their coverage is limited. Airplane and drone surveys are time-intensive and costly, and air access is restricted over much of the world. That’s where a crop of recently launched and upcoming satellites with increasingly sophisticated tools comes in.”

“A cluster of satellites launched by national space agencies and private companies over the last five years have greatly sharpened our view of what methane is being leaked from where. In the next couple of years, new satellite projects are headed for launch — including Carbon Mapper, a public-private partnership in California, and MethaneSAT, a subsidiary of the Environmental Defense Fund — that will help fill in the picture with unprecedented range and detail. These efforts, experts say, will be crucial not just for spotting leaks but also developing regulations and guiding enforcement — both of which are sorely lacking.”



UK calls for global 2050 net-zero shipping emissions target

The UK backs a world-leading absolute zero target for international shipping emissions by 2050, which would need to be agreed by the International Maritime Organization, the UK government said in a statement Sept. 13.

This could be a tall order. “It’s an extremely ambitious target and not dependent solely on [the] shipping industry to deliver it,” Tony Foster, CEO and CIO of marine asset manager Marine Capital said on the sidelines of a panel discussion during London International Shipping Week 2021. “Policy and regulation have to play a major role, including, almost certainly, carbon taxes.”

PUBLISHED SEP 13, 2021 14:01 UTC BY S & P Global

 UK calls for global 2050 net-zero shipping emissions target | S&P Global Platts (

Can The Global Shipping Industry Really Go Green?

As environmental concerns become increasingly pressing for governments and businesses alike, the shipping industry is taking steps to reduce its carbon footprint. In late August Danish shipping company Maersk, the world’s largest container shipping line, announced that it had invested $1.4bn in eight new vessels that will be powered by methanol rather than oil-based fuels.

The ships, set to be delivered in 2024, represent 3% of the company’s total container capacity. They will replace older ships in the fleet and are expected to save up to 1m tonnes of carbon dioxide per year.


 Can The Global Shipping Industry Really Go Green? |

Asia fuel oil: Cash premiums higher as cargo demand intensifies

SINGAPORE Cash premiums for cargoes of Asian fuel oil were mostly higher on Monday, lifted by higher bids and deal values in the Singapore trading window.

Sentiment in the 0.5% very low-sulphur fuel oil (VLSFO) market has firmed recently on expectations of tightening supplies, particularly for cutter stocks, over the near term, trade sources said. Sluggish bunker demand in the Singapore hub, however, may cap gains. In the high-sulphur fuel oil (HSFO) market, prices have been bolstered by tight supplies that are shared among few suppliers. But the surge in prices may soon crest as peak seasonal power generation demand in the summer begins to fade, the trade sources said.

Published 24th August 2021 by Business Recorder

Asia fuel oil: Cash premiums higher as cargo demand intensifies – Markets – Business Recorder (


Asia Fuel Oil-380-cst HSFO cash premium at over 1-yr high

SINGAPORE: Cash premiums for cargoes of Asia’s 380-cst high-sulphur fuel oil (HSFO) climbed to their highest since January 2020 on Monday at $16.25 a tonne to Singapore quotes, lifted by sustained demand and tight high-sulphur fuel supplies.

In the 0.5% very low-sulphur fuel oil (VLSFO) market, cash differentials were also slightly higher as deal values strengthened.

However, sluggish bunkering demand and more adequate low-sulphur fuel supplies are expected to keep a lid on sentiment in the VLSFO market, trade sources said.

Published 14th September 2021 by Business Recorder

Asia Fuel Oil-380-cst HSFO cash premium at over 1-yr high – Markets – Business Recorder (



Amazon Invests in Cleaner Fuel for Shipping

 Amazon’s climate pledge fund has joined Mitsubishi Heavy Industries and three venture-capital partners in a funding round for Infinium Holdings, a startup focused on making synthetic hydrocarbon fuels from industrial CO2 sources and green hydrogen. 

Like other electrofuel ventures, Infinium seeks to produce high-energy-density products that are compatible with existing diesel engines and jet turbines. Its process takes a captured stream of CO2 from an industrial source – which today would be emitted directly into the atmosphere – and recombines it with green hydrogen in a chemical reaction to produce a liquid hydrocarbon fuel. This product could be burned in the same way as any standard refined petroleum product, like bunker fuel or over-the-road diesel, generating energy and releasing the captured CO2.


Amazon Invests in Cleaner Fuel for Shipping (

Exploring Producing Hydrogen from Natural Gas with Carbon Capture

ENGIE and Equinor announce the launch of a partnership to develop joint low-carbon hydrogen activities. The French and Norwegian energy companies said they will investigate the production and market potential for hydrogen from natural gas whereby the CO2 will be captured and stored permanently offshore.

Under the terms of the memorandum of understanding between the two companies, they will investigate the development of low-carbon hydrogen value chains in Belgium, the Netherlands, and France. In the coming months, ENGIE and Equinor will also start discussions with potential customers to assess the project, as well as with stakeholders and relevant authorities.


Exploring Producing Hydrogen from Natural Gas with Carbon Capture (


The findings of the International Energy Agency’s (IEA) new report on the energy sector’s roadmap to net zero make it clear ‘that governments will need to take action to stop expanding oil, gas and coal projects and plan for a wind down,’ said Tzeporah Berman, International Program Director for environmental group and Chair of the Fossil Fuel Non-proliferation Treaty Initiative.

Published: 19 May 2021 By Bunkersport

GLOBAL: IEA 2050 report spells the end of the line for fossil fuel projects – Bunkerspot – Independent Intelligence for the Global Bunker Industry 

Second wave of scrubber installations to support HSFO sales despite cleaner fuels shift

A second wave of scrubber installations will likely sweep the marine industry as the price differential between high sulfur fuel oil and very low sulfur fuel oil, or the Hi-5 spread, stabilizes to normal levels at major bunkering hubs, supporting HSFO demand at a time when there is a growing impetus towards greener fuels to meet shipping’s environmental goals, market sources said.

“After the quick adjustment to the global sulfur cap, the decline in HSFO’s share of total bunker sales has stopped,” BIMCO’s chief shipping analyst Peter Sand said in a report April 29.

Published 5th May 2021 08:09 GMT by Bunkerworld

Bunkerworld Blogs – Second wave of scrubber installations to support HSFO sales despite cleaner fuels shift


VLSFO Claim Numbers ‘Not Significantly Higher’ Than in
HSFO Era: Skuld

The number of fuel quality claims seen for VLSFO over the past year have not been significantly higher than in the pre-IMO 2020 era for HSFO, according to insurance association Skuld.

The company published a note on its website on Thursday detailing its experience of the IMO
2020 transition.

Published May 21 2021 by Ship & Bunker News

VLSFO Claim Numbers ‘Not Significantly Higher’ Than in HSFO Era: Skuld – Ship & Bunker (

14 September – news round up including can Blockchain help?

14 September – news round up including can Blockchain help?

14 stories this week in our news round-up on sulphur 2020 and related stories, including can Blockchain help?

BIMCO September News Bulletin

Operators transitioning to low-sulphur fuels to meet the IMO Global Sulphur Cap have faced a sharp learning curve to overcome numerous technical issues. A recent Fuel Oil Quality and Safety Survey, conducted by BIMCO is featured in their September bulletin

Gibraltar Hi-5 bunkers spread at fresh low amid tightness in HSFO

The premium of very low sulfur fuel oil to its high sulfur counterpart at Gibraltar has fallen to its lowest level since at least July 2019 — when S&P Global Platts began assessing VLSFO — amid contrasting supply and demand fundamentals, sources said.

“[There are] heavy issues with HSFO avails in the Gibraltar straits,” one bunker buyer said, adding that, in some cases, HSFO prices were above those for VLSFO.

VLSFO supply has been ample, meanwhile, amid the demand destruction caused by COVID-19.

Gard reflects on IMO 2020 fuel switchover

Predictions over potential engine damage and litigation between owners and charterers relating to the use of very low sulphur fuel oils have not materialised – but challenges remain, says the P&I Club.

This week Gard published a report on the IMO 2020 transition based on the claims and inquiries from its members and clients, as well questions posed during a series of webinars hosted by the Club which focused on upon technical, contractual, insurance and enforcement issues related to IMO 2020.

Trafigura invests in improving Berbera Oil Terminal, to make it a ‘regional supply hub’

Trafigura Group has delivered a first shipment of low sulphur gasoil to the Port of Berbera, following the signing of a milestone storage agreement earlier this year with the Government of Somaliland’s Ministry of Trade, Industry and Tourism.

This is the first step in a commitment by Trafigura to invest in Berbera Oil Terminal (BOT) facilities to position it as a gateway to serve customers within the country, and integrate oil logistics across the Horn of Africa.

ExxonMobil completes successful sea trial of its first marine bio fuel oil

ExxonMobil has safely completed a successful sea trial using the company’s first marine bio fuel oil with shipping company Stena Bulk, bunkered in the port of Rotterdam.

The marine bio fuel oil is a 0.50% sulphur residual-based fuel (VLSFO) processed with a second generation waste-based FAME component (ISCC certified). The product will be available later this year, initially in Rotterdam before a wider launch across the ExxonMobil port network.

Japan marine fuel 0.5%S flips to premium as typhoon delays bunkering

A temporary tightness in Japan’s marine fuel market due to the impact of Typhoon Haishen has pushed the marine fuel 0.5%S differential into positive territory for the first time in four months.

Sediment levels in off-spec fuels cause concerns

The Fuel Oil Bunker Analysis Service is reporting a smaller share of off-specification fuels. It is also noting the increasing prevalence of sediments. Off-spec fuel shares in 0.5% fuels have declined in recent months. At the same time, cases of severe impact, such as vessel paralysis, have not been seen in the past couple of months, Lloyd’s Register testing agency the Fuel Oil Bunker Analysis Service reports. (subcription)

BIFA urges all box lines to drop low-sulphur fuel fee

The British International Freight Association (BIFA) has said recent announcements by some container shipping lines that they will suspend or discontinue low-sulphur fuel surcharges “will be welcome news” for its members, urging all box lines to drop low-sulphur fuel fees and criticising the creeping number of other surcharges and fees.

Vessels with scrubbers look like the biggest sulfur cap losers

Alphatanker says that tankers with a scrubber on board are the biggest losers in the wake of the new sulfur regulations. The analyst firm assesses that the payback period for a scrubber is now up to five years for a supertanker.

US Refining Firms Take to Court Over Bunker Desulfurisation Patent

The technology involves using a hydroprocessing unit at a refinery to remove the sulfur from HSFO while preserving its other qualities.

Mitsubishi 2020 Scrubber Installations Reach 22 Ships

The company has installed the systems on board five 20,000 TEU container ships, eight 14,000 TEU container ships, five container ships of 10,000 TEU or less, two oil tankers and two LPG carriers.

US Refining Firms Take to Court Over Bunker Desulfurisation Patent

The technology involves using a hydroprocessing unit at a refinery to remove the sulfur from HSFO while preserving its other qualities.

Patent-pending low sulphur fuel technology was copied, claim inventors

Rigby Refining executives are seeking a jury trial to determine if Phillips 66 and WRB Refining ‘copied’ their Magēmā low sulphur fuel technology.

A complaint has been filed in a Texas district court over the alleged use of the Magēmā technology which was developed by Rigby Refining CEO Michael Moor and Chief Technologist Bertrand Klussman.


And this is why we created BunkerTrace. Developed in 2019, with input from a broad consortium via BLOC, BunkerTrace is a turn-key solution for tracking marine fuels. Its combination of blockchain and synthetic DNA provides shipping with the assurance of accurate reporting and authenticity of fuels for actionable insights and compliance.

After the first pilot with Cooperative Bebeka in 2019, and scaling with first mover clients, BunkerTrace successfully proved that this technology can transform marine fuel compliance and that the data can be used to make the bunkering supply chain safer.

Maritime shippers focus on ‘clean’ vessels amid pandemic

Industry aims to reduce pollution, improve efficiency, strengthen asset class

“Finally, we project that average vessel speeds will slow to reduce fuel consumption. Such decreases in vessel speeds lead to supply contraction as vessels take longer to complete voyages, thereby supporting market rates.”

Sulphur2020 New Round Up 7 September

Sulphur2020 New Round Up 7 September

Sulphur2020 News Round-Up 7 September 2020

10 featured news updates on Sulphur2020 including a Podcast and the fact that Containerships overtake tankers for the most fitted scrubbers details

Mitsubishi Shipbuilding’s marine sulphur oxides (SOx) scrubbers have been successfully installed on 22 ships across three ship types during the last 8 months.

The DIA-SOx scrubbers have been installed as scheduled despite COVID-19 restrictions. Remote commissioning conducted via close communication and cooperation with the engineers of its local partners in China and Singapore respectively enabled Mitsubishi Shipbuilding to continue with the planned installations. Read more

Rotterdam Hi-5 bunker spread hits all-time low

The premium of very low sulfur fuel oil over its high sulfur equivalent at Rotterdam port fell to a record low on Aug. 21, as the latter stays resilient to bearish fundamentals in the global oil complex.

Read blog post here

Shipper relief as ocean carriers finally scrap low-sulphur surcharges

Ocean carriers are officially scrapping the low-sulphur fuel surcharges introduced last year to mitigate the impact of the 1 January IMO 0.5% sulphur cap regulations on marine fuel.

Maintaining low-sulphur surcharges as fuel prices plunged has been a bone of contention for shippers, who have criticised carriers for being slow to ditch the additional fee. Read in full

Demand for HSFO at Singapore rising as more scrubbers fitted

Singapore has seen a rise in demand for high sulfur bunker fuel of late from the growing number of ships that have completed scrubber installations, given the limited availability of the grade at smaller ports, market sources said. More

MARINE FUEL 0.5%S: Ample supply weighs on global marine fuel markets in September

Global marine fuel 0.5% prices are expected to be capped by increasing supply and depressed demand from the retail sector in September as refiners continue to grapple with weak low sulfur fuel oil margins.

Inventory levels in Asia in particular are expected to rise as an arbitrage window from the West that opened in early-August has market participants expecting at least a 500,000 mt increase in volumes landing in Singapore in September from the month before. Read the blog here

South Korea tightens sulphur cap By Hwee Hwee Tan
The six ports affected by the new regulatory cap are Incheon, Pyeongtaek-Dangjin, Yeosu, Gwangyang, Busan and Ulsan. Vessels are required to switch to 0.1% sulphur fuel within an hour of anchoring or docking and do so until an hour before leaving. From January 1, 2022 ships must switch over on entering the emissions control areas Read here (subscription)

Pricing for marine fuel 0.5%S in Balboa, Houston jumps on tight supply, wholesale values

Bullish crude complex also plays role in recent bunkers price increases. Read here

Listen: Asian HSFO markets endure IMO 2020, coronavirus challenges

Featuring    Mriganka Jaipuriyar     Surabhi Sahu     Oceana Zhou Commodity Oil,  Shipping Length 12:12
Topic COVID 19: Coronavirus Outbreak,  Environment and Sustainability,  IMO 2020

Light sulfur fuel oil has been the main marine fuel of choice worldwide, but high sulfur fuel oil has held its stead in Asia. S&P Global Platts senior oil experts Surabhi Sahu and Oceana Zhou join Platts Asia Head of News Mriganka Jaipuriyar in examining the demand for HSFO particularly in Singapore, which is the world’s largest bunkering port. They also discuss China’s fuel demand and outlook, as well as the impact of the coronavirus pandemic on the Asian fuel oil markets. Link to listen

Singapore LSFO-HSFO spread falls to 3-month low on rising LSFO supply

Bunker suppliers in Singapore reported fewer inquiries for low sulfur bunker fuel in the week ended Aug. 28. More here 

Containerships overtake crude oil tankers as most scrubber-fitted sector

Containerships with a collective cargo carrying capacity of 5.3m TEU are now fitted with an exhaust gas cleaning system (scrubber) to remove sulphur oxides (SOx) from the exhaust gasses generated by the combustion processes in marine engines and thereby comply with the IMO 2020 global sulphur regulation which came into force on 1 January 2020.

By the start of July, the share of the containership fleet with scrubbers installed exceeded that of the crude oil tanker fleet. At that time, the container shipping sector became the most scrubber-fitted amongst the main cargo carrying ship types. “In order to cut the sulphur oxides emission, shipowners who can afford to buy a scrubber have done so to a substantial extent, with investments predominantly directed towards high consumption ship types,” says Peter Sand, BIMCO’s Chief Shipping Analyst and continues – read more:





News Round Up: 31 August 2020

News Round Up: 31 August 2020

News Update 31 August 2020

Here are 13 news stories that have appeared over the past week including the impact of the slowdown on the trade and prices.

Bangladesh’s LSFO demand to double in H2 as imports commence – Bunkerworld

The South Asian country started importing 0.005% sulfur gas oil in July. Read here

Singapore high-sulfur bunker demand endures as sales increase – Bunkerworld

Spot market volatility props up HSFO demand. Read here

Transition to low sulphur fuel not without problems, survey shows – Ship Management International

A survey has shown that the transition to IMO 2020 compliant fuel oil has not been without problems.Between February and May 2020 BIMCO, The International Chamber of Shipping (ICS), INTERCARGO and INTERTANKO conducted The Fuel Oil Quality and Safety Survey with the aim to get a greater understanding of the quality of the new0.5% sulphur fuel oils and possible safety implications of the IMO 2020 sulphur regulation. Read article here

East Indian Refiner to Produce 0.5% Sulfur Marine Fuel – Bunkerworld

CPCL says initial runs will be 5,000 mt a month. Read here

Alphatanker Sees 2021 Worldscale Flat Rates Drop by 20-25% on VLSFO Collapse – Ship and Bunker

Worldscale flat rates are set annually and are used as the basis of some freight markets with trades being made at a differential to them. Read here

Durban VLSFO bunker prices jump $61/mt in two days – Bunkerworld

Delivered-Durban 0.5% sulfur fuel oil bunker prices reached $435/mt on Aug. 25, up from $374/mt on Aug. 21 in just two consecutive trading sessions, S&P Global Platts data shows. Read here

High-Sulfur Fuel Oil Prices Return to Pre-Crude Collapse Levels – Ship and Bunker

While HSFO has rallied strongly, VLSFO prices remain significantly lower than their levels before the OPEC+ row hammered markets. Read here

Upcoming S Korea ECA low sulfur norms at ports to have a minimal impact: sources – Bunkerworld

South Korea’s new Emission Control Area, requiring ships to use fuel with maximum 0.1% sulfur content while berthing from Sept. 1, is expected to have a minimal impact, market sources said in the week started Aug. 23. Read here

MGO-ULSFO bunker spread hits 8-month low in Europe – Bunkerworld

Ultra low sulfur fuel oil remains cheaper than marine gasoil but only marginally as price differentials narrowed to an eight-month low in Europe, S&P Global Platts data showed. Read here

HSFO still a force in bunker fuel market post-IMO 2020 – Bunkerworld

Once a staple of the bunkers market, demand for high sulfur (3.5%) fuel oil was expected to drop off a cliff after IMO 2020 — — the lower, 0.5% sulfur cap on marine fuel globally since Jan. 1. Read here

Singapore 380 CST HSFO differential slips to discount on declining demand – Bunkerworld

The Singapore 380 CST high sulfur fuel oil cash differential over the grade’s swaps values slipped into negative territory on Aug. 27 due to declining demand from Saudi Arabia. Read here

Straits Inter Logistics Sees 63% Drop in Oil Trading and Bunkering Profit – Ship and Bunker

The company mostly cited this year’s slowdown in shipping as being behind its worsening performance. Read here