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Tankers: VLCC Market Softer This Week, While Volatility is the Norm in the Product Tanker Markets



The BCTI finished the week at 1,191, up from 1,077 the previous week.

Rates for MRs in the US have continued their recent roller-coaster ride. Starting off at WS109.17 for TC14 38,000 US Gulf / UK-Continent, they reached a peak around

Maersk signs MOU with Shanghai International Port Group on green methanol bunkering


A.P. Moller-Maersk (Maersk) announced today that the company has signed a Memorandum of Understanding (MOU) with Shanghai International Port Group (SIPG) on strategic cooperation for Shanghai Port methanol marine fuel project. The two parties will join hands to explore green

Americas Fuel Availability Outlook


North America

Prompt availability remains tight for all grades in Houston and a lead time of 6-7 days is generally recommended to ensure full coverage from all suppliers in the area. The Houston Ship Channel is expected to face fog-related disruptions

Drewry: Port Throughput Index Down 4.5% Year-on-Year


The Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of over 340 ports worldwide, representing over 80% of global volumes. The base point for the indices

Europe & Africa Fuel Availability Outlook


Northwest Europe

Securing prompt supply of VLSFO and LSMGO can be difficult in Rotterdam as delivery capacity is still under pressure with several suppliers there, a source says. Delivery dates are subject to enquiries, a source says.

Recommended lead times for LSMGO

Shipping can profitably reduce CO2 with VentoFoil wind support


Making shipping more sustainable is high on the agenda of shipping companies, shippers and policymakers. The IMO is developing international regulations and standards with a view to achieving a 40% CO2 reduction by 2030. eConowind contributes to this with its

East of Suez Fuel Availability Outlook



Bunker demand has been average in Singapore in the past two weeks, sources say. VLSFO and HSFO availability remains tight for prompt stems in the port, with lead times of 7-9 days recommended – almost the same as last week.


NAPA calls for a proactive approach to CII as it launches CII Simulator tool


Global maritime software and data services provider NAPA has urged the shipping industry to take a proactive approach to the IMO’s Carbon Intensity Indicator (CII), making the most of digital platforms that enable charterers and owners to work collaboratively towards

Will lower gas prices spark switching in Europe and Asia?


Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evaluate the economics of using natural gas for their operations. So, what sectors could switch? At what

Yara Marine’s FuelOpt demonstrates significant fuel savings


Rederiet Stenersen AS and Ektank AB have confirmed that vessels with Yara Marine Technologies’ propulsion optimization system FuelOpt have achieved fuel savings of 10% and above. This has been independently analyzed and confirmed by the software and data services company

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