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MABUX: Bunker Price Volatility to Persist Next Week

20/06/2025

At the close of the 25th week, the global bunker indices published by MABUX recorded a sharp increase, driven by the escalating conflict in the Middle East. The 380 HSFO index surged by USD 47.17, rising from USD 467.07/MT to

KR Teams Up with Leading Shipbuilders and Korea Testing & Research Institute to Develop International Standards for Ammo

20/06/2025

KR (Korean Register) has officially launched a joint working group to establish international standards for the safe discharge of toxic ammonia effluent generated from ammonia-fueled ships. The initiative brings together Korean major shipbuilders—HD Hyundai Heavy Industries (HD HHI), HD Korea

Rapid WAPS uptake driven by stricter emission regulations and industry innovation, DNV says

19/06/2025

DNV’s whitepaper explores the design and operational factors influencing WAPS fuel savings and provides steps for evaluating the technical feasibility of new systems, from concept to implementation. The paper includes two case studies in EU waters modeling how different WAPS

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

19/06/2025

Northwest Europe

Prompt delivery remains tight in the ARA hub for all grades, a trader told ENGINE. Recommended lead times for VLSFO and LSMGO have narrowed to 7-8 days, while HSFO’s remain consistent with last week, at 8-9 days.

The ARA's independently

MOL, MISC and PETRONAS Announce Landmark Joint Venture to Advance Cross-Border CO2 Transportation

18/06/2025

Mitsui O.S.K. Lines, Ltd. (MOL), PETRONAS CCS Ventures Sdn. Bhd. (PCCSV) and MISC BERHAD (MISC) today announced the incorporation of a strategic joint venture (JV), Jules Nautica Sdn. Bhd., This JV will lead the development and act as the ultimate

ENGINE: East of Suez Bunker Fuel Availability Outlook

18/06/2025

Singapore and Malaysia

In Singapore, VLSFO lead times remain steady at 6–10 days, showing little change from last week. LSMGO is widely available, with most suppliers quoting lead times of 2–5 days—also virtually unchanged. HSFO continues to require 6–10 days of

Amid regional conflict, the Strait of Hormuz remains critical oil chokepoint

17/06/2025

The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The strait is deep enough and wide enough to handle the world’s largest crude oil tankers, and it

OPEC expects solid second-half of 2025 for world economy, trims 2026 supply

17/06/2025

Crude Oil Price Movements

In May, the OPEC Reference Basket (ORB) value declined by $5.36, or 7.8%, month-on-month (m-o-m), to average $63.62/b. The ICE Brent front-month contract declined by $2.45, or 3.7%, m-o-m, to average $64.01/b, while the NYMEX WTI front-month

VLCC Tanker Market Weakens as the Week Ended

16/06/2025

Clean

LR2

LR2’s in the MEG were eventually retested back down this week. The TC1 75kt MEG/Japan index lost 14.44 points to WS113.89. A TC20 90kt MEG/UK-Continent run also went from $3.63m to $3.37m.

West of Suez, Mediterranean/East LR2’s held steadfast this week

Successful ammonia transfers in the Pilbara yield key safety and operational insights for future ammonia bunkering opera

16/06/2025

The Global Centre for Maritime Decarbonisation (GCMD) today released a comprehensive report detailing the learnings of a pioneering pilot successfully completed on 14 September 2024. The pilot involved the ship-to-ship transfer of liquid ammonia between two gas carriers, the Green

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