INTERVIEW: KPI OceanConnect Sees Bunker Buyers Missing the Boat on Narrow Biofuel Premiums
KPI OceanConnect reports that the shipping industry is failing to capitalize on narrowing price spreads between conventional bunker fuels and biofuels. In some regions, biofuels have become cheaper than traditional options, yet adoption remains lower than expected.
Why it matters
Increased adoption of biofuels could accelerate the maritime industry's decarbonization efforts while potentially lowering operational costs for shipping firms.
Jesper Sørensen is global head of alternative fuels and carbon markets at KPI OceanConnect. Image Credit: KPI OceanConnect
The article provides industry-specific market analysis without political or ideological framing.
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