NatPower H and HyNaval have officially signed a Memorandum of Understanding (MoU) with the goal of collaborating on the development of innovative solutions for decarbonizing the maritime sector through the use of hydrogen as a clean energy source, with a

Baseblue has completed its first liquefied natural gas (LNG) ship-to-ship (STS) bunkering operation in Portland Jamaica, marking a significant milestone in the company's ongoing efforts to expand the availability of LNG as a marine fuel.

The operation involved the seamless transfer

Singapore and Malaysia

Bunker availability in Singapore is a bit tight, with VLSFO lead times of around 9-17 days now. HSFO lead times have increased and are at around 7-13 days. LSMGO remains readily available, with recommended lead times reduced from

OPEC+ supply increase

Nearly five years ago, the Saudi Energy Minister said speculators need to “watch out” and threatened to leave them “ouching like hell”. Well, the target appears to have shifted from speculators to the OPEC+ alliance. The Saudis are

“Sometimes it pays to be a little wild.” That advice from President Donald Trump, given in his 1987 book ‘The Art of the Deal', gives an insight into his decisions on tariffs over the past two weeks.

The announcement on 2

Clean
LR2
MEG LR2’s rates have been slightly reduced this week. The TC1 75kt MEG/Japan index slipped 2 points to WS124.44 and TC20 90kt MEG/UK-Continent has fallen about $85,000 to just below the $3.5m level.
West of Suez, Mediterranean/East LR2’s

As the maritime industry moves towards zero-emission operations, ammonia and hydrogen are gradually emerging as suitable ship fuels due to their carbon-free emissions. These new fuels require a change of mindset in terms of design, operations and crew competence, all

On Friday 11th April 2025, the International Maritime Organization (IMO) achieved another important step towards establishing a legally binding framework to reduce greenhouse gas (GHG) emissions from ships globally, aiming for net-zero emissions by or around 2050.

The IMO Net-zero Framework

During the first quarter of 2025 (1Q25), crude oil prices generally decreased while U.S. refinery margins initially increased before decreasing in the final month of the quarter. In this quarterly update, we review petroleum markets price developments in 1Q25, covering

A full transition to greener refrigerated containers (“reefers”) could reduce greenhouse gas emissions by up to 3.74 million tons of CO₂-equivalent per year, according to a new White Paper developed by the Kuehne Climate Center and GIZ, equivalent to the