The Port of Thessaloniki hosted this year's ESPO Conference. We thought it would be interesting to talk to Ioannis Tsaras, CEO of the Port of Thessaloniki (ThPA S.A). In the following sections, you will learn more about innovation, sustainability, and

Amid geopolitical tensions and heightened uncertainty over global economic prospects, oil markets are undergoing significant changes as the key drivers of supply and demand growth of the past 15 years start to ease, according to the latest edition of our

According to our latest annual Refinery Capacity Report, U.S. operable atmospheric distillation capacity, the primary measure of refinery capacity, totaled 18.4 million barrels per calendar day (b/cd) on January 1, 2025—essentially flat compared with last year.

We publish two measures of

Clean

LR2

Steam came pouring out of the LR2 freight in the MEG this week. The TC1 75kt MEG/Japan index dropped 43.89 points to WS168.33. A TC20 90kt MEG/UK-Continent trip also went from $5.3mill to $4.29mill.

West of Suez, Mediterranean/East LR2’s also dropped

Over the next decade, Wood Mackenzie forecasts global carbon capture capacity to increase from 70 Mtpa to almost 450 Mtpa, supporting efforts to cut hard-to-abate emissions. But with captured emissions then needing to be permanently stored, how can countries without

The Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of over 340 ports worldwide, representing over 80% of global volumes. The base point for the indices

North America

Bunker fuel demand has picked up in Houston over the last week. Recommended lead times for VLSFO and LSMGO are between 4–6 days, while HSFO will require at least 7 days for delivery.

There is some operational tightness and barge

The International Chamber of Shipping (ICS) and European Shipowners | ECSA welcome the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention) entering into force globally today.

The International Maritime Organization (IMO) adopted the Hong

Global bunker indices tracked by MABUX fell sharply in Week 26, driven by expectations that a ceasefire between Israel and Iran will ease concerns over potential oil supply disruptions in the Middle East. The 380 HSFO index dropped by USD

In 2024, about 20% of global liquefied natural gas (LNG) trade transited the Strait of Hormuz, primarily from Qatar. The strait is a critical route for oil and petroleum products as well.

Qatar exported about 9.3 billion cubic feet per day