MAN Cryo has announced that its design for an ammonia fuel-supply system to safely provide ammonia to marine-engine applications has been awarded an Approval in Principle from classification societies, DNV and Bureau Veritas.

Part of MAN Energy Solutions and a leading

Clean

LR2

LR’s in the MEG have strengthened this week. The 75kt MEG/Japan TC1 index rose about 48 points to WS200.56 ($49,522 / day TCE round-trip). The 90kt MEG/UK-Continent TC20 run significantly improved, not least of all by the well reported problems

The idea of oil supply peaking, or so-called peak oil, surfaced as early as the 1880s, with some predicting a looming exhaustion in the US due to the demise of the Pennsylvania oil fields. US and global oil production, however,

On 11 December 2023, five US agencies (the Department of Justice, Commerce Department’s Bureau of Industry and Security, Department of Homeland Security’s Homeland Security Investigations, State Department’s Directorate of Defense Trade Controls, and Treasury Department’s Office of Foreign Assets Control)

North America

Bunker demand has slowed in Houston and in several other ports along the US Gulf Coast this week amid ongoing weather-related disruptions. Prompt VLSFO and LSMGO supply is available with a few suppliers in Houston. However, bunker deliveries there

The Sustainable Marine Fuel Confidence Index (SMF Confidence Index), launched today (18 January), captures a ‘moment in time’ view of how confident shipping and marine fuel industry stakeholders are that the key components required for maritime’s energy transition, such as

During Week 03, the MABUX global bunker indices displayed an inconsistent trend, fluctuating in various directions. The 380 HSFO index fell by 7.37 USD: from 511.60 USD/MT last week to 504.23 USD/MT. The VLSFO index, in turn, lost 2.30 USD

Northwest Europe

Prompt LSMGO availability is good in Rotterdam and in the wider ARA hub. Lead times of 2-4 days are recommended for the grade, sources say.

Lead times of 5-7 days are recommended for VLSFO and HSFO.

The ARA’s independently held fuel

Crude Oil Price Movements

The OPEC Reference Basket (ORB) value fell by $5.92, or 7.0%, m-o-m in December, to average $79/b. The ICE Brent front-month contract dropped by $4.71, or 5.7%, m-o-m, to $77.32/b, and the NYMEX WTI frontmonth contract fell

Singapore

Prompt VLSFO availability remains tight in Singapore amid strong demand for the grade. At least eight suppliers are grappling with tight delivery schedules, which has added to the supply pressure. Lead times for VLSFO have increased from 9-13 days last