The Panama Canal’s budget for fiscal year 2024 begins next Sunday, as the authority will continue to manage its operations to maximize water availability in the extreme drought conditions experienced by the country, maintaining the draft at 44 feet and the number

U.S. petroleum product exports totaled nearly 6.0 million barrels per day (b/d) in the first half of 2023, 2% more than during the same period in 2022. The first half of 2023 saw the most U.S. petroleum product exports during

Clean
LR2

LR2 freight levels have appeared to have been somewhat unsettled this week with no clear direction. TC1 has bubbled around the WS130-135 level with Baltic TCE hovering around the $24,000/day round trip. Meanwhile a run to the UK-Continent on TC20

There’s an undeniable demand for transformative solutions in the shipping sector. Shipping is a major emitter of greenhouse gases due to its reliance on cheap heavy fuel, making the industry’s cleanup efforts challenging. Under pressure from investors and the environmental

European seaport operators face a dual challenge of rising costs and lower revenues following macroeconomic headwinds, which will squeeze their margins in the short and medium term, Fitch Ratings says. We expect profitability to gradually recover, supported by the longer-term

North America

All grades remain in normal availability in Houston. Some suppliers replenished stocks recently and are able to supply for prompt delivery dates, a source says.

VLSFO and LSMGO availability is good in Beaumont. A supplier can deliver both grades for

As hydrogen gains prominence amid the global pursuit of decarbonization and energy security, many major infrastructure projects are considering transportation in the form of ammonia, a safer and more cost-effective method for exporting hydrogen supplies in large volumes. Rystad Energy’s

Seapath, a maritime subsidiary of Libra Group, and Pilot LNG, LLC (Pilot), a Houston-based clean energy solutions company, today announced that they have formed a joint venture (JV) to develop, construct, and operate the first dedicated liquefied natural gas (LNG)

Over the Week 39, the MABUX global bunker indices turned into a moderate decline for the first time in the last four weeks. The 380 HSFO index fell by 3.07 USD: from 586.14 USD/MT last week to 583.07 USD/MT. The

Northwest Europe

HSFO availability is said to be normal in Rotterdam and the rest of the ARA, a source says. Availability of the high-sulphur grade has improved now, but securing stems on very prompt dates (0-2 days) can still be difficult,