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USTC acquires tech platform BunkerEx

30/03/2021

USTC announced today that the Group has acquired BunkerEx with the objective to step up and streamline digitalisation activities across USTC companies. USTC remains committed to its ambition of intensifying and advancing the USTC companies’ digitalisation activities, which is an

Tankers: VLCC Market Firms up on Suez Blockade

29/03/2021

VLCC

Rates have firmed in all sectors. In the Middle East the market for 280,000mt Middle East to US Gulf trip (routing via the Cape/Cape) is assessed almost a point higher at WS19, while rates for 270,000mt to China have improved

ICIS Analysis: LNG market impact of Suez Canal disruption

29/03/2021

Containership Ever Given remains grounded and blocking the Suez Canal, according to Leth Agencies, a company specialising in canal transits.

Tugboats and dredgers continue to try to refloat the vessel, but to no avail as of Thursday afternoon London time.

Traffic remains

How innovation and carbon are shaping future LNG supply

29/03/2021

LNG might be the last great growth opportunity in oil and gas. But the difficult investment environment and buyers’ appetite for low-carbon LNG are among the challenges facing developers. Giles Farrer, Director of LNG, talked me through his latest thinking.

Why

TECO 2030 Says Marine Fuel Cell Development Progressing With Remarkable Results So Far

27/03/2021

TECO 2030 ASA has successfully completed the feasibility and concept study for Marine Fuel Cells together with its partner AVL List GmbH. The company is now moving over to the next phase of Maritime Fuel Cell development, all according to

Flexfueler 002 Makes Lng Bunkering Available Throughout Port Of Antwerp

27/03/2021

Port of Antwerp, Fluxys, and Titan LNG have celebrated the christening of a new LNG bunker barge; the FlexFueler 002. Owned by gas infrastructure group, Fluxys and leading physical supplier of LNG, Titan LNG, the FlexFueler 002 makes LNG as

MABUX: Bunker Prices On the Rise

26/03/2021

In the first quarter 2021, global bunker prices demonstrated firm upward evolution: the growth of MABUX HSFO 380 Global Index averaged plus 59.94 USD/MT, MABUX VLSFO Global Index – plus 67.80 USD/MT and MABUX MGO Global Index – plus 84.50

ENGINE: Americas Bunker Fuel Availability Outlook

26/03/2021
There is generally good availability of prompt bunker products across major US ports, while some suppliers have tight barge schedules for prompt dates in Argentina this week.

Some suppliers have had tight barge schedules in New Orleans and at the

ENGINE: East of Suez Bunker Fuel Availability Outlook

24/03/2021
Availability for low sulphur stems has improved in Fujairah, Zhoushan and Busan this week, while supplies remain tight in Singapore, Japanese and Far East Russian ports.
Lead times for VLSFO stems have tightened by one day this week in

IMO and Singapore to offer pilot Single Window for Facilitation of Trade (SWiFT) Project to medium-sized port

24/03/2021

The International Maritime Organization (IMO) has issued a call for expressions of interest from countries with a medium-sized port to take part in a pilot project to establish an efficient digitalized system for electronic exchange of information in ports for

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