The cost of marine fuels is down sharply from the wartime peak, except for ‘clean’ LNG, which is getting even more expensive.
Exhaust gas scrubbers are allowing tankers, bulkers and container ships to keep burning dirtier — and much cheaper — marine fuel.
It took longer than expected, but the IMO 2020 investment pitch — save on ship fuel by installing scrubbers — is paying off big time.
Price of low-sulfur fuel is rising faster than high-sulfur fuel. Ships with scrubbers stand to gain.
Cost of fuel consumed by container ships, bulkers and tankers is effectively at a seven-year high.
Rising fuel costs are yet another woe for containerized cargo shippers, while widening spreads should benefit ships with scrubbers.
California will boost testing procedures to enforce distillate fuel regulations.
Higher fuel prices are bad news for box shippers. Higher fuel spreads are good news for owners with scrubber-fitted fleets.
Hapag-Lloyd and ONE have ordered 12 ultra large container ships, all of which will be able to carry more than 23,500 TEUs.
In an interview with FreightWaves, SSI Executive Director Andrew Stephens talks about zero-emission shipping fuel and sustainability challenges.
