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Tankers: VLCC Market Still Lackluster




MEG LR2’s saw a welcome rebound this week. A widely reported fixture for a TC20 voyage at $4,100,000 has led the index to just under that level at the moment. TC1 has also climbed 20.62 points to WS138.75. These improvements

Maritime and Port Authority of Singapore hosts Workshop on Developing Emergency Responses for Ammonia Bunkering with Par


The Maritime and Port Authority of Singapore (MPA), the Embassy of France in Singapore, and Innovation Norway, with the support of the European Union-funded project “Enhancing Security Cooperation In and With Asia”, concluded a three-day workshop on “Managing accidents involving

ERS™ drift prediction service growing in popularity among tanker owners


DNV’s drift prediction service has grown in popularity since its launch in June 2022. More than 2,000 ships from 288 companies have now subscribed to the service, the majority of which belong to the tanker market. The feedback from users

Americas Fuel Availability Outlook


North America

Prompt availability of LSMGO and VLSFO is tight in Houston. Most suppliers in Houston can supply fuel grades for delivery dates in the first and second week of June.

HSFO availability is also tight in Houston, partly due to fewer

Charter Parties Holding Back Industry Decarbonization Efforts: White Paper Launched by Nautilus Labs and BIMCO


Nautilus Labs, the technology partner pioneering the decarbonization of the ocean supply chain, and BIMCO, the world’s largest international shipping association, today released a white paper imploring the maritime industry to rethink prevailing charter party frameworks.

The white paper explores how

MABUX: Bunker Prices Could Keep Retreating Next Week


Over the Week 21, the global MABUX bunker indices turned into an upward trend. The 380 HSFO index experienced a rise of 9.27 USD, climbing from 477.06 USD/MT in the previous week to 486.33 USD/MT. However, it still remained below

Future Proof Shipping launches first hydrogen-powered inland container ship


On 25 May, Dutch shipping company Future Proof Shipping (FPS) officially launched the first hydrogen-powered zero-emissions inland container ship, H2 Barge 1, in Rotterdam, the Netherlands.

Earlier in the week, Nike introduced the H2 Barge 1 at its European Logistics Campus

Ship operators 14 times more likely to experience VLSFO Sulphur levels exceeding 0.50% with certain suppliers in ARA tha


With the marine fuels landscape growing ever more complex amidst a backdrop of tightening regulations and a fragmented supply chain, there are many factors that must be considered when buying bunkers. Focus has again fallen on quality since the high-profile

ENGINE: Europe & Africa Bunker Fuel Availability Outlook


Northwest Europe

Bunker supply is said to be normal in Rotterdam, but securing prompt delivery of VLSFO can be slightly difficult as some suppliers are running low on stocks, a source says. Availability of HSFO and LSMGO has improved in the

Bureau Veritas Solutions Marine & Offshore and ENGIE announce low-carbon advisory and risk management partnership for th


Bureau Veritas Solutions Marine & Offshore, a technical advisory, asset management and assurance solutions organization, and ENGIE, a global industry leader in low-carbon energy supply and related services, have announced a partnership to provide advisory & hedging services to support

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