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MABUX: Bunker Prices Keep Growing

24/09/2021

On a Week 38, the MABUX World Bunker Index continued moderate growth. The 380 HSFO Index rose by 2.72 USD: from 468.76 USD / MT to 471.48 USD / MT, the VLSFO Index increased by 2.47 USD: from 566.38 USD

Maersk invests in electrofuels startup company

24/09/2021

The minority investment in Prometheus Fuels will support A.P. Moller – Maersk’s work to execute on the strategy to decarbonise marine operations.

Maersk expects several fuels to exist alongside in the future fuel mix and has identified 4 potential fuel pathways

China Certifies First Shipment of Full Life Cycle Carbon-neutral Petroleum

24/09/2021

Shanghai Environment and Energy Exchange (SEEE) has issued the first carbon neutral petroleum certificate to Sinopec (HKG: 0386, “Sinopec”), Cosco Shipping and China Eastern Airlines at the certification ceremony for China’s first shipment of full life cycle carbon-neutral petroleum held

LR, HHI and KSOE sign MoU to develop digital twin technology for an LNG carrier

23/09/2021

LR, Korea Shipbuilding & Offshore Engineering (KSOE) and Hyundai Heavy Industries (HHI) have signed a Memorandum of Understanding (MoU) at Gastech 2021, Dubai to develop digital twin technology to support the digitalisation of the maritime industry and the growing demand

U.S. energy trade lowers the overall 2020 U.S. trade deficit for the first time on record

23/09/2021

In 2020, the U.S. net merchandise trade value of energy products—the value of petroleum, natural gas, coal, and electricity exports less the value of their imports—was a surplus of $27 billion. This amount marks the first time the value of

ENGINE: East of Suez Bunker Fuel Availability Outlook

22/09/2021
Bunkering has resumed in Zhoushan and Shanghai post Typhoon Chanthu, HSFO380 supply has tightened in Fujairah, and lead times are steady on the week in Singapore.

Bunker operations resumed with calmer weather in Zhoushan last Friday, after five days of

ABS Publishes Industry-Leading Guide to Ammonia-Fueled Vessels

22/09/2021

As the potential of ammonia to contribute to shipping’s decarbonization objectives is increasingly recognized, ABS has moved to support its adoption with publication of industry-leading guidance for the design and construction of ammonia-fueled vessels.

The ABS Guide for Ammonia-Fueled Vessels sets

Another shipping emissions cost system on the drawing board

21/09/2021

On 6 September, the International Chamber of Shipping (ICS) proposed a global carbon levy to finance decarbonization of the international maritime fleet. It also used the opportunity to criticize the EU Commission’s proposal to place shipping under the EU Emission

ABS Study Suggests Dual-Fuel Newbuilds Have the Decarbonization Advantage Over Conversion

21/09/2021

A new-build, dual-fuel gas carrier vessel generates lower CO2 emissions over the course of its operational life than an existing gas carrier converted to dual-fuel operations. That’s the finding of a unique study by ABS using data based on vessels

Tankers: VLCC Market Had Yet Another Busy Week

20/09/2021

VLCC

Another busy week in the Middle East with COA and spot fixing activity, but also in the Atlantic region – although rates remained flat. In the Middle East Gulf 280,000mt to US Gulf (via the Cape/Cape routing) remains steady around

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