IMO alters competing fuels’ price dynamics
Buyers of marine fuels may need to think harder about their decision-making when considering what to put in their vessels
Marine fuel economics fails to look at fuel values critically in terms of their respective energy values. And the pricing methodologies used in bunker fuel purchasing are underestimating these criteria. These were key conclusions in our previous look at the subject, and thus it is worth analysing these statements and looking at the mathematics involved. Such a study should widen the debate as to where fuel prices might go in the future. As a starting point, let us look at the essential difference in energy density of each of the fuels used in marine internal combustion engines (ICEs). Most modern vessels run on slow speed diesel engines, except for LNG carriers, which use boil-off gas to fu
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
