UK” Course charted for carbon free shipping by 2050

Fuels of the future and shipping charge points in harbors are at the center of a major new strategy to make Britain’s shipping fleet net zero by 2050 and drive growth in coastal communities.

The Maritime Minister has today (25 March 2025) revealed the government’s new goals for all vessels that operate in UK waters and dock at UK ports to be carbon free and help vessel owners, operators and scientists make emission-free voyages a reality.

Part of the government’s Plan for Change to propel the UK towards becoming a green energy superpower and drive growth, the new Maritime decarbonisation strategy sets out goals to reduce greenhouse gas emissions by 30% by 2030, 80% by 2040 and to zero by 2050. This will see the UK match the highest level of the ambitious goals agreed at the International Maritime Organization (IMO) in their 2023 strategy on reduction of greenhouse gas emission from ships.

Investment in green technologies and fuels will cement the UK as a clean energy superpower and encourage a green economic revival at the local level, helping to build high-skilled jobs in coastal communities and delivering a local boon to cities and towns.

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HSFO cash premiums down for eighth straight session

Asia’s high sulphur fuel oil cash differentials remained week on Monday as oversupply concerns persisted.

Singapore’s 380-cst HSFO cash premium dropped for an eighth straight session to $14.92 a metric ton. The very low sulphur fuel oil (VLSFO) fell by 22 cents to about $14 per ton.

Trading activity at the deals window remained tepid for a third consecutive session. Market participants said Asian players are expecting more supplies from the Middle East and Africa.

WINDOW TRADES

– 180-cst HSFO: No trade

– 380-cst HSFO: No trade

– 0.5% VLSFO: No trade

Source: Reuters

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India to explore green shipping and digital business with Singapore

India’s green fuel and digital initiatives are set to enter the global trade through Singapore’s marine and shipping industry, where over 55 million tonnes a year of bunker fuel is supplied to internationally operating vessels, making it one of the largest hubs.

Trade sources said both India and Singapore are exploring the “Green Digital Shipping Corridor” that would link other international ports and marine industries, said observers on Wednesday.

They said India’s long-term preparation to export green fuel, green hydrogen and ammonia sits well with Singapore’s strategic position to market the fuels to ships operating globally.

India’s Minister of Port, Shipping and Waterways Sarbananda Sonowal along with industry heavyweights is expected to visit the city state next week to set up a working programme with Singapore counterpart industries, according to the observers.

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Dan-Bunkering completes Union Bulk’s first biofuel operation in Singapore

Dan-Bunkering has completed Union Bulk’s first ever bunkering of biofuel in Singapore. The delivery was coordinated by Dan-Bunkering and executed via an STS operation delivering 300 MT of bio residual marine fuel (B24 VLSFO).

Leading global bunker supplier Dan-Bunkering has successfully completed a bunkering of biofuel for their client, the Danish dry cargo owner and operator Union Bulk. This marks Union Bulk’s first biofuel bunkering, carried out for their vessel Blue Union Alpha on March 9.

In continuing the coverage of international shipping routes with in-demand fuel types, the operation was coordinated by Dan-Bunkering. The company was on short notice able to assist with the necessary expertise and biofuel sourcing capabilities, ensuring an on-time delivery at the Port of Singapore ahead of Blue Union Alpha’s EU-bound voyage.

“Dan-Bunkering’s strength, in a case like this, comes from having spent a great amount time and resources in putting the necessary framework and biofuel supply team together, to support a first-time buyer like, in this case, Union Bulk. When we were called upon by Union Bulk for this task, we could jump into action immediately, schedule the delivery, and completed the ordering process with just a day’s notice,” says Michel Dominique Thomsen, Commercial Director at Dan-Bunkering.

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Economic Fears, Trade War Will Hit European Diversified Industrials’ Orders

Concerns over global economic growth and tariffs, as well as continuing weakness in some end-markets, including automotive and construction, will lead to lower order intakes for European non-investment-grade diversified industrial manufacturers in 1H25, Fitch Ratings says. However, good liquidity and solid financial metrics among most high-yield issuers should sustain ratings in our portfolio.

Book-to-bill ratios are likely to decline below 1.0x in 1H25 before gradually recovering in 2H25, according to our EMEA High-Yield Diversified Industrials and Capital Goods — Relative Credit Analysis. Weaker order flows will translate into slow revenue growth for the full year 2025.

Accelerated economic decoupling between the US and China is prompting companies to reconsider global supply chains, shifting towards ‘friend-shoring’ and ‘near-shoring’ strategies. This involves relocating production closer to home or to politically aligned countries to enhance supply chain resilience.

Relocating production capacity from Europe to the US to counteract tariffs is not a quick solution as it requires substantial investment in plant and personnel. Many European companies are exposed to new US tariffs under the Trump administration. Although a significant proportion of US sales by European industrial companies comes from local facilities, considerable exports still flow from Europe to the US.

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Fed may need to stay patient on rates until summer, Bostic signals

New policies under the Trump administration are placing the U.S. economy in “incredible flux,” Atlanta Federal Reserve Bank President Raphael Bostic said on Thursday, and he suggested it is unlikely that the Fed will have enough clarity to move on interest rates before late spring or summer.

“There’s a lot of transition that’s happening, and in the midst of this transition it’s hard to know exactly where things are going to land,” Bostic said at an event hosted by the Birmingham Business Journal. He ticked off a list that included tariffs, trade policy, unpredictable bounces in inflation, consumer sentiment that is turning negative, immigration policy and its impact on the labor force, energy policy, tax policy, federal spending and geopolitics.

“I’d be surprised if we got a lot of clarity before the late spring or into the summer,” he said. “We’ll have to just sort of really be patient.”

The Federal Reserve will hold its next policy-setting meeting on March 18-19. Policymakers are expected to keep short-term borrowing costs in their current 4.25%-4.50% range.

President Donald Trump, since his January inauguration, has introduced a series of tariff actions followed by partial rollbacks or reprieves that have whipsawed industry and financial markets and contributed to financial market bets on earlier and additional Fed rate cuts.

Interest-rate futures contracts are now pricing in a better-than-even chance that the Fed will resume cutting U.S. short-term borrowing costs in May, with two more reductions to follow over the course of the year. Fed officials at the end of last year had projected just two rate cuts this year.

Bostic said tariffs will mean higher prices at some point for American households, which are already struggling with elevated costs, though whether that translates to higher inflation “is an open question.”

Other policies under the new administration, like deregulation and energy production, are fueling business optimism, he said.

After the Fed cut rates by a full percentage point last year, Bostic said he began this year thinking that he would need some time to assess the state of the economy before supporting any further action.

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