The Caravel Group (“Caravel”) and Celsius Tankers (“Celsius”) announce the formation of a strategic joint venture to co-own and operate a new fleet of high-specification LNG bunkering vessels. This initiative marks a significant milestone in The Caravel Group's long-standing partnership

Clean
LR2
LR2 freight in the MEG was steady with modest improvement this week. The TC1 75kt MEG/Japan index climbed from WS140 to WS147.5. A TC20 90kt MEG/UK-Continent trip also ticked up $12,500 of value to $3.93 million. West of

Pressure is mounting on the global shipping industry to improve its ships’ energy efficiency in the face of new greenhouse gas regulations. In April 2025, the International Maritime Organization (IMO) introduced a new landmark decarbonization framework, slated for adoption in

The FuelEU Maritime regulation opens new pathways for the shipping industry to dramatically cut greenhouse gas emissions. The Swedish tanker shipping company Furetank is now taking the lead, reducing its own emissions to a fraction through biogas operations and launching

North America
Bunker fuel demand in the Americas has remained steady, with no sharp spikes in growth or slump. The US East Coast has seen a small influx in demand over the past week, a bunker trader told ENGINE.

Bunker fuel

At the close of the 35th week, the global bunker indices MABUX showed a moderate upward trend. The 380 HSFO index rose by USD 8.97, moving from USD 452.43/MT the previous week to USD 461.40/MT, surpassing the USD 460 mark.

In a stable market environment, oil and gas operators with strategic procurement and supply chain capabilities typically achieve a cost advantage of 4% to 8% over their peers. But in today's volatile environment, the advantages are amplified. We estimate that

India’s crude imports are projected to fall by 0.3mbd m-o-m to 4.3mbd in August. Based on 9-year seasonal trends, arrivals of crude into India are typically the lowest in August. Domestic demand for gasoline and diesel used in road transport

Northwest Europe
VLSFO, HSFO and LSMGO fuel grades are readily available in ARA, with buyers advised to enquire 5-7 days ahead of delivery to get good coverage from suppliers, a trader told ENGINE.
ARA's independently held fuel oil stocks have

The Global Centre for Maritime Decarbonisation (GCMD) today released a landmark report on the world's first field validation of tracer technologies in marine biofuel supply chains. Conducted in Singapore, Rotterdam, and other major bunkering hubs, the trials demonstrated that tracers