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The hunt for advantaged oil

06/04/2021

The energy transition is gathering pace. But however fast it moves, oil and gas will play a significant role in meeting energy demand for decades to come. However, as the industry has significantly more barrels available than needed, only the

U.S. energy consumption fell by a record 7% in 2020

06/04/2021

In 2020, total U.S. energy consumption fell to 93 quadrillion British thermal units (quads), down 7% from 2019, according to EIA’s Monthly Energy Review. Last year marked the largest annual decrease in U.S. energy consumption in both percentage and absolute

MABUX: Bunker Prices In Mixed Mode During the Past Week

02/04/2021

MABUX World Bunker Index has shown irregular changes during the week. The 380 HSFO index has increased from 408.36 USD/MT to 414.48 USD/ MT (+6.12 USD), VLSFO has lost 5.08 USD: from 505.14 USD/MT to 500.06 USD/MT. MGO LS decreased

ENGINE: Americas Bunker Fuel Availability Outlook

02/04/2021
Suppliers in Houston generally have stems of all grades available on short notice. Certain suppliers have tight schedules for dates at the start of the new month.

Sea fog and poor visibility shut the Houston Ship Channel temporarily this week,

Euronav Laments Tanker Market’s Unbalance as “Too Many Ships are Chasing Too Few Cargoes”

01/04/2021

Euronav NV reported its final financial results today for the full year to 31 December 2020.

Hugo De Stoop, CEO of Euronav said: “2020 will be recorded as one of the most tumultuous in tanker market history. Euronav’s positioning ensured shareholders

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

01/04/2021
European bunker hubs continue to have readily available supplies of low sulphur fuels. High sulphur fuels can also be procured at short notice in many of the larger ports, while the Canary Islands and South Africa have tighter availability.

There

IMO publishes short list of actions for quick carbon footprint reduction in shipping

01/04/2021

To support the Low Carbon Shipping effort, the IMO Global Industry Alliance (GIA) published a guide with eight practical measures seaports can take to reduce greenhouse gas emissions from shipping. The Port of Rotterdam was actively involved in bringing about

New Joint Venture “Viridis Bulk Carriers” Aims To Play Leading Role In The Green Shift In Shipping

31/03/2021

Navigare Logistics, Amon Maritime and Mosvolds Rederi join forces to create a pure zero emission shipping company, offering short sea bulk transportation without emissions of CO2. This partnership demonstrates the ambition to be a leading player in the green shift

ENGINE: East of Suez Bunker Fuel Availability Outlook

31/03/2021
Prompt supply remains tight in several key East of Suez bunker ports this week.

While Fujairah’s bunker market has mostly recovered from production issues two weeks ago, supply is now tighter as blending components have been held up in delayed

FuelOpt™: A smart way to derate engine power output and meet EEXI requirements

30/03/2021

Lean Marine’s automated propulsion optimization technology, FuelOpt™ is able to assist ship operators comply with the current IMO EEXI framework by safely limiting shaft power output.

GOTHENBURG, SWEDEN: MARCH 29, 2021: Swedish propulsion optimization experts, Lean Marine is proud to announce

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