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

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

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

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

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

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

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

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

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

Changes on the day to 09.00 GMT today:

• VLSFO prices up in Durban ($47/mt), Rotterdam ($37/mt) and Gibraltar ($36/mt)
• LSMGO prices up in Gibraltar ($49/mt) and Rotterdam ($47/mt)
• HSFO prices up in Durban ($44/mt), Gibraltar ($36/mt) and Rotterdam ($34/mt)
• Rotterdam B30-VLSFO premium over VLSFO