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
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