World economic growth in 2025 is forecast at 2.8%, which points to an improving trend compared to this year’s expected level of 2.6%. Supporting this is an anticipated recovery in OECD economies from low growth in 2024. Non-OECD economies –

Clean

LR2

LR’s in the MEG have rocketed this week. The 75kt MEG/Japan TC1 index rose almost 115 points to WS353.89 ($101,134 per day TCE round-trip). The 90kt MEG/UK-Continent TC20 run saw rates significantly improve while Red Sea transits have been met

North America

Bunker demand has been sluggish in Houston and several other ports along the US Gulf Coast this week due to weather-related disruptions. While a few suppliers in Houston have prompt VLSFO and LSMGO supply available, deliveries of these grades

Thetius, the marine technology research consultancy, has launched its Maritime Alternative Fuels Barometer, measuring the gaps between the shipping industry’s perception of alternative marine fuels and the reality in terms of availability, supply, technological readiness and impact on emissions. The

Over the Week 04, the MABUX global bunker indices continued irregular changes with no clear trend. The 380 HSFO index fell by 2.01 USD: from 504.50 USD/MT last week to 502.04 USD/MT, edging closer to the 500 USD threshold. Conversely,

Northwest Europe

LSMGO availability is good in Rotterdam and in the wider ARA hub. Lead times of 2-4 days are generally recommended in the ARA hub, a trader said. For HSFO and VLSFO grades, lead times of 5-7 days are recommended

U.S. dry natural gas production in the Lower 48 states reached an all-time monthly high of 105.5 billion cubic feet per day (Bcf/d) in December 2023, according to data from S&P Global Commodity Insights. In 2023, Lower 48 dry natural

Singapore

VLSFO availability remains very tight in Singapore despite average demand so far this week. At least seven suppliers are struggling to meet delivery schedules, adding to supply pressure there. Lead times of up to two weeks are recommended for the

Crude oil production in the United States reached a record high in August 2023, led primarily by more production in Texas. In 2023, most of the crude oil produced in Texas was relatively dense for the state.

API gravity measures the

Carbon capture and storage (CCS) is a long-established technology but its profile has grown as a potentially significant solution to achieve rapid decarbonisation. What are the associated risks and opportunities for the shipping industry?

Traditionally, CCS has most often been used