Martyn Lasek

The 8 months prior to the start of 2026 also added 1.2 million MToE of LNG demand and 0.4 million MToE of methanol bunker demand.

If nothing else, the current Orderbook indicates the industry does not expect widespread availability of alternative fuels in the foreseeable future.

Klean Industries' Mark VandeVoorde believes Tyre Pyrolysis Oil is one such product thanks to the way it is classified under the EU's RED III rules.

A single individual is alleged to have been scamming bunker industry participants for at least 12 years, a Ship & Bunker investigation reveals.

Bunker prices have favoured owners of scrubber equipped tonnage, with the high/low sulfur spread during the first nine months of 2022 averaging $243.13/mt.

Bunker prices at record highs having risen 679% over the last 7½ years. This year's price jump is bigger than during any previous event over the last decade.

S&B ANALYSIS: The Widening HSFO / VLSFO Spread and Potential for a Second Wave of Scrubber Uptake  Ship & Bunker

IMO 2020 and the unique market dynamics of 2020 has seen it take some time to pin down what a useful crude / VLSFO model will be going forwards.

Last year the industry was preparing for a $4 billion jump in annual bunker costs. What it got was a 2020 with marine fuel prices at their lowest for several years.