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
4 March 2025
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
4 March 2025
EU net-zero polices have shifted refining investment among member states, while across the region countries and companies continue to adjust to changes in trade flows caused by the war in Ukraine
4 March 2025
Gas auctions underperform, signalling a slow start to 2025 after bumper 2024
3 March 2025
The Middle East is focusing on modernisation and expansion projects, while Africa is seeking to reduce its imports of refined products
