When residual supply exceeds the demand from the shipping sector, prices for bunker fuel can plummet. The Energy Efficiency Existing Ship Index (EEXI) and the Carbon Intensity Indicator (CII) ratings are pushing operators to improve the efficiency of their vessels and reconsider the lifecycle environmental impact of the heavy bunker oil they consume.
Heavy Bunker Oil Alternative Fuel Comparison: Cleaner Options and Shifting Industry Dynamics
Its low cost per unit of energy has historically made it the fuel of choice for the international shipping industry, underpinning the complex supply chains that move consumer goods across continents. As a residual product, its combustion releases significant quantities of carbon dioxide (CO2), contributing to greenhouse gas emissions.
Refiners earn differentials based on how much heavy fuel they can convert into more valuable products like gasoline or diesel. The high temperature and viscosity of the fuel pose risks of burns and fires during transfer and storage.
Heavy Bunker Oil Alternative Fuel Comparison: Cleaner Options
5%, in stark contrast to the low-sulfur diesel used in road vehicles. Handling this substance involves complex systems including heated storage tanks, centrifuges for purification, and meticulous procedures to manage water and sediment contamination, which can damage engine components if not addressed properly.
More About Heavy bunker oil
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