• Home
  • Our Comment
  • Ammonia in Europe and LNG in Russia: “Bunker Market. Prices” digest

  • 2023 July 19

    From Whom: Vitaliy Chernov


    About: Ammonia in Europe and LNG in Russia: “Bunker Market. Prices” digest

    Ammonia in Europe and LNG in Russia: “Bunker Market. Prices” digest

    - In January-June 2023, Port of Singapore bunker sales rose by 9.8%, year-on-year. The Maritime and Port Authority of Singapore started reporting statistics on sales of LNG bunker and biofuel blends that confirms the growth of the demand for alternative fuels even in Asia.

    It should be also noted that OCI Global successfully bunkered the world’s first green methanol fueled container ship with OCI HyFuels ISCC certified green methanol. The bunkering of ship owned by Maersk was successfully held in the Port of Ulsan, South Korea.

    In Europe, MAN Energy Solutions has announced the successful first running of a test engine on ammonia at its Research Centre Copenhagen (RCC). The company reports that the successful combustion was performed on a MAN B&W two-stroke 4T50ME-X type and produced positive results with particularly promising data regarding pilot-oil amount and combustion stability. Meanwhile, Norwegian RoRo shipping company Höegh Autoliners has exercised the option to build an additional four new multi-fuel and net zero carbon ready Aurora class vessels. Hеegh Autoliners will have the option to convert one or more of these vessels to ammonia propulsion as soon as the technology is available.

    In Russia, LNG-powered shipping continues development. Passenger ship Chaika running on liquefied natural gas (built by Zelenodolsk Shipyard named after Maxim Gorky in 2021) has been put into regular operation in Saint-Petersburg under the Astra Marine brand. From 20 July 2023, it will operate on a regular line between Saint-Petersburg and Peterhoff.

    Read more in the “Bunker Market. Prices” digest.

    IAA PortNews’ bunker market digest issued twice a week offers operational information about the key industry events, statistics and analytics. It is mostly exclusive information not published on the portal or print outlets.

    The digest includes:

    • Indicative prices for bunker fuel are divided into three categories: fuel, high-sulfur and low-sulfur fuel oil, in USD and RUB
    • The main factors that influenced the change in the cost of marine fuel
    • Global bunker fuel prices
    • Review of wholesale prices for petroleum products
    • Information about ship calls
    • Bunkering market news

    Subscribe for IAA PortNews’ Bunker Market Digest or order an absolutely new product by telephone (812) 570-78-03 or by email snitko@portnews.ru