Singapore risks ship fuel shortage

The world's largest trading port for ship fuel is at risk of having depleted inventories. Factors such as the upcoming global sulfur cap and sanctions against Iran are prompting companies to sell their fuel.

by DANIEL LOGAN

Singapore may end up with a shortage of ship fuel, called bunker in the shipping industry – and that is a problem for the port, which is world's largest center for bunker trading.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

US oil company receives billion-dollar settlement from Venezuela
For subscribers
China uses Iranian tankers to avoid US sanctions
For subscribers
Total is completely out of Iran
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Oil & Gas

Oil prices a few dollars away from year-high record following turbulent week

Despite the standstill, there are several signs of a tightening oil market, according to Bloomberg.

For subscribers

European Energy CEO Knud Erik Andersen is pleased with a successful sale to Japanese Mitsui. | Foto: Gregers Tycho

Cleantech

European Energy and Mitsui finalize transaction of Danish solar farm and PtX plant

For subscribers

From left: Elizabeth Press, moderator and Director of Planning and Program Support, Ingrid Reumert, SVP and Head of Global Stakeholder Relations at Ørsted, Morten Dyrholm, Group SVP for Marketing, Communications & Public Affair at Vestas, Shamini Selvaratnam, Associate Director at Ocean Conservancy, and Ben Backwell, CEO at GWEC. | Foto: Consulate General of Denmark in New York

Renewables

Offshore wind players: Crucial to speed up the pace of project permitting

For subscribers

Tommy Larsen is the CEO and founder of Weptos. | Foto: Weptos

Renewables

Wave energy developer warns: China could take the helm if Europe doesn't wake up

For subscribers

Wind turbine manufacturer Nordex's CEO, José Luis Blanco, will have some extra on his plate for the next 18 months. | Foto: Nordex

Renewables

Nordex CEO becomes chairman of Wind Europe

Patrick Pouyann, CEO of Totalenergies. | Foto: Jason Leysner/AFP/Ritzau Scanpix

Oil & Gas

TotalEnergies CEO: Unreasonable to ban Russian LNG sooner than 2025

For subscribers

CMA CGM and Maersk will need help in new green lobbying alliance
Two of the world’s largest container shipping companies have joined forces to ”accelerate decarbonization” in the shipping industry - but it will take more effort to succeed, analysts say.
For subscribers
European Energy: TotalEnergies partnership is stepping stone towards more markets
European Energy envisions its entry into several markets after entering into a partnership with one of the world’s largest oil and gas companies.
For subscribers
FLSmidth: The mining sector's reputation blocks the green transition
Problems attracting talent to the industry, which extracts critical minerals such as lithium and cobalt, could make it difficult to meet green energy targets, according to the equipment manufacturer.
For subscribers
Ørsted selects Semco Maritime and KK Wind Solutions for German OSW farms
The two Danish companies have joined forces on a service contract for Borkum Riffgrund 1 & 2 and Gode Wind 1 & 2.
For subscribers
Havfram dismisses offshore wind crisis: Not worried about Ørsted contract
”If projects disappear, we manage to pick up other projects on the market,” Havfram CEO Ingrid Due-Gundersen tells EnergyWatch.
For subscribers
Alm. Brand Group CEO: The offshore wind sector needs to get profitability in place
Alm. Brand Group will continue to insure offshore wind farms, says the CEO, who explains, however, that projects will now be sorted to a greater extent.
For subscribers

All hydrogen stations in Denmark will close

”We can’t justify throwing more money at subsidizing hydrogen alone,” states Everfuel’s CEO, who doesn’t want to kill off hydrogen’s future in passenger cars.

For subscribers

Cleantech

European Energy and Mitsui finalize transaction of Danish solar farm and PtX plant

The sale to the Japanese trading company received the stamp of approval from the EU Commission in August, and the deal has now been finalized.

For subscribers

Utilities

European Energy: TotalEnergies partnership is stepping stone towards more markets

European Energy envisions its entry into several markets after entering into a partnership with one of the world’s largest oil and gas companies.

For subscribers

OCEAN WIND OPTIMISTIC: Havfram CEO Ingrid Due-Gundersen dismisses the notion that the offshore wind industry is experiencing its first crisis. | Foto: Harald Amdal

Renewables

Havfram dismisses offshore wind crisis: Not worried about Ørsted contract

”If projects disappear, we manage to pick up other projects on the market,” Havfram CEO Ingrid Due-Gundersen tells EnergyWatch.

For subscribers

Semco Maritime has once again teamed up with KK Wind Solutions. | Foto: Ørsted

Renewables

Ørsted selects Semco Maritime and KK Wind Solutions for German OSW farms

The two Danish companies have joined forces on a service contract for Borkum Riffgrund 1 & 2 and Gode Wind 1 & 2.

For subscribers

US-based Tidewater operates the largest fleet of offshore vessels in the North Sea after acquiring Solstad Offshore's fleet. | Foto: Pr/tidewater

Renewables

Analysts: Not enough offshore vessels to serve record number of projects

2024 could be the biggest investment year ever for the North Sea oil and gas market, but shipping companies do not have enough service vessels to handle the demand, says Intermodal.

For subscribers