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Independent study confirms LNG reduces shipping GHG emissions by up to 23%

17/04/2021

An independent study has reconfirmed that greenhouse gas (GHG) reductions of up to 23% are achievable now from using LNG as a marine fuel, depending on the marine technology employed. This is compared with the emissions of current oil-based marine

Action to achieve Paris climate goals will upend oil and gas prices

17/04/2021

If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry.

Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand

MABUX: VLSFO Prices Higher This Week

16/04/2021

MABUX World Bunker Index decreased during the week. The 380 HSFO index has decreased from 407.92 USD/MT to 420.77 USD/ MT (+12.85 USD), VLSFO has added 15.16 USD: from 497.76 USD/MT up to 512.92 USD/MT. MGO LS increased by 12.34

ENGINE: Americas Bunker Fuel Availability Outlook

16/04/2021
Bunker fuel availability is good in most major North American ports, while supply has tightened in certain ports further south such as Rio de Janeiro and Guayaquil.

Fuel oil inventories are growing on the US Gulf Coast as refiners have

Suez Canal closure highlights Asia’s growing dependence on Eastward oil flows

15/04/2021

Earlier this week, a 400 meter-long container ship halted transit in both directions on one of the world’s major seaborne trade chokepoints after running aground across a single-lane stretch of the canal. Getting the vessel out of the way may

IEA Revises Upwards Oil Demand Growth in 2021

15/04/2021

The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining

ENGINE: East of Suez Bunker Fuel Availability Outlook

14/04/2021
Lead times for low sulphur bunker stems are shorter in Singapore, Japan and South Korea this week, while supply has tightened slightly in Fujairah.

Singapore’s total fuel oil stocks grew by another 2% last week, reaching a four-month high of

OPEC Revises Oil Demand Upwards

14/04/2021

Crude Oil Price Movements
Spot crude prices rose for the fifth-consecutive month in March on the back of continuing supportive oil market fundamentals. The OPEC Reference Basket (ORB) increased $3.51 or 5.7% m-o-m to average $64.56/b, the highest on monthly

Europe’s shipowners call for fair and ambitious carbon pricing proposal in ‘crunch time’ for the EU

13/04/2021

An alliance of Greek and Swedish shipowners, along with Transport & Environment (T&E), has called on the European Commission to put the ‘polluter pays principle’ at the core of its emissions trading system (ETS) proposal. In a letter to the

Indian Register of Shipping (IRClass) undertakes successful sea trials for pioneer batch of vessels in India to use biof

13/04/2021

Indian Register of Shipping (IRClass) has undertaken successful sea trials for two vessels towards use of biofuels in concurrence with the Indian flag administration. The two vessels – Ambuja Mukund and Ambuja Vaibhav, are owned by Ambuja Cements Ltd., which

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