ClassNK has verified the measurement reports of GHG emissions and environmental data of Tsuneishi Holdings Corporation and 28 group companies and issued verification statements.

To address social issues including climate change, accurate measurement of environmental information such as GHG emissions and

The following outlines Mr. Heimbeck’s position on why shippers and stakeholders throughout the supply chain should be looking for solutions to address the challenge of entering what he calls the “congestion zone” again.

According to Mr. Heimbeck, the White House’s announcement

The Organization of the Petroleum Exporting Countries, also known as OPEC, was formed in 1960 by Iraq, Iran, Kuwait, Saudi Arabia, and Venezuela. The organization has since expanded to 13 members. OPEC regularly meets to set oil production targets and

Clean

LR2

LR’s in the MEG saw freight climb for the second week with plenty of activity working the balance of 2023 cargoes this week. The 75Kt MEG/Japan TC1 index gained another 18.61 points to end up at WS149.44. The 90kt MEG/UK-Continent

DNV’s updated Shore Power class notation for tankers provides crucial guidance for shipowners who wish to take advantage of shore power while lying at berth. The rules were developed in close cooperation with industry organizations to ensure practicability.

Ports and coastal

Missile and drone attacks by Houthi militia on merchant ships passing through the Red Sea and Gulf of Aden could trigger a global supply chain crisis, according to industry analysts.

The latest attack came yesterday, Thursday, when a missile was fired

North America

Houston’s demand for bunker fuel has been good this week. Availability of both VLSFO and LSMGO has gotten tighter, and some suppliers can only deliver them with a lead time of seven days. Prompt HSFO supply is also tight

As of Week 50, the MABUX global bunker indices continued steady downward trend. Index 380 HSFO dropped by 13.64 USD: from 524.52 USD/MT last week to 510.88 USD/MT, nearing the 500 USD mark. Index VLSFO lost 26.96 USD (624.35 USD/MT

Bernhard Schulte expands its fleet portfolio and announces today the order of its first CO2 tanker. The newbuilding will be constructed at Dalian Shipbuilding Offshore (DSOC) and will feature innovative technologies significantly reducing its carbon footprint. It is planned for

Northwest Europe

Bunker fuel availability is said to be normal in the ARA ports. Lead times of 5-7 days are recommended for HSFO and VLSFO, and shorter lead times of 4-5 days for LSMGO, a trader said.

LSMGO supply tightness towards the