Trio designs methanol-powered bulker as climate targets for bunkers draw nearerAs of 2021, 37 construction contracts for the Panamax series had been signed and the tripartite project takes the concept further, incorporating new energy solutions by SDARI.
FUJAIRAH DATA: Oil product inventories rebound from near-record lowsHeavy distillates stocks, including fuel for power generation and for shipping, rose by 772,000 barrels, or 8.4%, week on week to 9.950 million barrels, amid what traders said was a generally buoyant outlook for bunker fuels in the Fujairah market.
AMERICAS BUNKERS: Key market indicators Jan 17-21According to data from the Panama Maritime Authority, sales of 0.5%S in Panama rose in December to their highest level in the IMO-2020 era, to 351,658 mt, for a total in 2021 of 3.531 million mt, a 2.8% decline from 2020.
MPC Capital orders methanol-ready container ships to tackle carbon footprintPlatts Analytics expects that between the 2030 and 2050 milestones, the fleet orderbook will shift rapidly to alternative fuels and toward the end of that period ammonia will account for 20% of the order book, hydrogen for 5%, methanol for 25%, biofuel for 10% and LNG for 40%.
Petrochina is Singapore's No.1 bunker fuel supplier for 2021: MPAShell Eastern had grabbed the top spot from PetroChina in 2020, but slipped to rank third in 2021, while Equatorial Marine Fuels took second spot yet again.