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April 2022 Continues Record Import Volumes with No Impact from China’s Lockdowns

19/05/2022

The global shipping crisis continued through April 2022 with another year-over-year record in container import volume versus 2021. COVID-related shutdowns in China continue to spread, but do not appear to be having an impact on overall U.S. container import volumes.

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

19/05/2022

Supply of LSMGO has improved further this week in ARA ports, with more suppliers now offering prompt delivery, particularly in Rotterdam, sources say. Availability of VLSFO is also looking better.

Recommended lead times for deliveries of LSMGO and VLSFO in ARA

Making ships eco-friendlier and more fuel efficient with a layer of air

18/05/2022

Maritime transport is the backbone of global trade. However, it harms the environment by releasing around 940 million tonnes of CO2 into the atmosphere each year. A factor that contributes to the maritime transport sector’s greenhouse gas emissions is biofouling

ENGINE: East of Suez Bunker Fuel Availability Outlook

18/05/2022

Singapore
HSFO remains “super tight” in Singapore. Recommended lead times are up to two weeks. However, a supplier can offer limited deliveries with a shorter lead time of 4-5 days, a trader says.

Recommended lead times for VLSFO are around 10-13

Mitsubishi Shipbuilding and NYK Line Obtain Approval in Principle (AiP) from Classification Society ClassNK for Large LC

17/05/2022

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Yusen Kabushiki Kaisha (NYK Line) have been granted Approval in Principle (AiP)(Note) from the Japanese classification society ClassNK for joint development of CO2 transport technology for liquefied CO2

EU’s Proposed Embargo on Russian Oil to Keep Prices Elevated

17/05/2022

A proposed EU embargo on imports of Russia crude oil and refined products would keep prices at elevated levels in the short term as it would require redirecting trade flows from other regions and utilising spare capacity, Fitch Ratings says.

Tankers: Clear Market Rise Hits the Brakes

16/05/2022

Clean

In the Middle East Gulf the LR dynamics look to still be favouring voyages west at the moment. TC1 75k Middle East Gulf / Japan, after plateauing at a shade over WS300, then dropped incrementally into the high WS290s at

Supply chain pressure to persist through 2022, leading to permanent changes in trade

16/05/2022

Improvement in supply chains unlikely to last with the war and zero Covid-policy

Global merchandise trade faces many headwinds this year. Although global schedule reliability, tracked by Sea-Intelligence, continues to improve slowly, reaching 35.9% in March, compared to 34.4% the month

ENGINE: Americas Bunker Fuel Availability Outlook

14/05/2022

LSMGO is particularly tight in New York and other East Coast ports amid dwindling stock levels and relentless pressure on the middle distillate pool. East Coast distillate inventories have slumped to 14-year lows, according to official EIA data. New York’s

New Conceptual Designs for LNG-fueled and Battery-Powered Energy-Saving Bulk Carriers~Approvals in Principle (AIP) Obtai

14/05/2022

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) jointly developed two conceptual designs for LNG- fueled and battery-powered energy-saving bulk carriers and obtained Approvals in Principle (AIP) (Note 1) from Japan’s ship classification society Nippon Kaiji Kyokai (ClassNK). “K” LINE developed a

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