Clean

LRs in the Middle East Gulf began the week with soft sentiment. However, good activity levels look to have slowed the downturn for the moment. TC1 75,000 Middle East Gulf / Japan, despite losing 20.71 points to WS269.29, is still

The Intersessional Working Group (ISWG) on Greenhouse Gases (GHG) ISWG-GHG 12 marks the third substantive discussion on mid-term measures (MTM), and the shift from phase 1 to phase 2 of the workplan adopted at MEPC76. The meeting concluded that there

North America
Prompt supply of all grades is back on offer in New York. A supplier can deliver in 5-7 days. Several others can deliver VLSFO and LSMGO grades with 2-3 days of lead time.

New York’s LSMGO price has come

H2-Industries and TECHNOLOG Services, a naval architecture company, have joined forces to develop 3D designs for an innovative concept ship that will collect plastic waste that currently blights the world’s oceans and then converts it into clean hydrogen, allowing surplus

Over the Week 20, the world bunker indices did not have a firm trend and changed irregular. The 380 HSFO index rose by 18.88 USD: from 718.62 USD/MT to 737.50 USD/MT. The VLSFO index went up more significantly: by 36.82

A ‘double urgency’
The European Commission has responded to the global energy crisis caused by Russia’s war on Ukraine. It says there’s a ‘double urgency’ to transform Europe’s energy system and its reliance on the bloc’s dependence on Russian fossil

The global shipping crisis continued through April 2022 with another year-over-year record in container import volume versus 2021. COVID-related shutdowns in China continue to spread, but do not appear to be having an impact on overall U.S. container import volumes.

Supply of LSMGO has improved further this week in ARA ports, with more suppliers now offering prompt delivery, particularly in Rotterdam, sources say. Availability of VLSFO is also looking better.

Recommended lead times for deliveries of LSMGO and VLSFO in ARA

Maritime transport is the backbone of global trade. However, it harms the environment by releasing around 940 million tonnes of CO2 into the atmosphere each year. A factor that contributes to the maritime transport sector’s greenhouse gas emissions is biofouling

Singapore
HSFO remains “super tight” in Singapore. Recommended lead times are up to two weeks. However, a supplier can offer limited deliveries with a shorter lead time of 4-5 days, a trader says.

Recommended lead times for VLSFO are around 10-13