Industry Panel Discusses Future of Conventional and Biofuels in Shipping
1 report, 1 independent
Updated Oct 1
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What happened
At SIBCON 2026 in Singapore, a panel discussed the future market for conventional fuel oil and biofuels through 2030. Participants noted that while biofuels are expected to be the winning alternative fuel over the next five years, they will not replace conventional fuel oil entirely. The panel concluded that the final fuel mix will depend on availability, regulatory clarity, and economics.
From shipandbunker.com
Why it matters
The discussion addresses the long-term composition of the global shipping fuel market. Experts noted that LNG and conventional fuels are expected to remain large components of the mix, while biofuels and other alternatives contribute to the total fuel demand.
From shipandbunker.com
Who's involved
- BPParticipated in the industry panel discussion on fuel market trends
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The entities involved
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BP
British multinational oil and gas company