During Week 49, the MABUX global bunker indices continued moderate downward trend. The 380 HSFO index saw a nominal decrease of 0.95 USD, moving from 527.74 USD/MT to 526.79 USD/MT. Despite this decline, it remained above the 500 USD threshold.

IAPH publishes special whitepaper on the Environmental Ship Index (ESI), citing testimonials from world ports on how to use the index to facilitate vessel emissions reductions.

The whitepaper, subtitled ‘Setting the standard for maritime environmental performance’ is aimed at providing a

Northwest Europe

VLSFO availability is said to be normal in the ARA bunkering hub. Lead times of 5-7 days are generally recommended for VLSFO deliveries there to ensure full coverage from suppliers, a source says. However, some suppliers can offer deliveries

The International Windship Association (IWSA) has issued an open letter to the Heads of State and delegates attending the 28th Conference of the Parties of the UNFCCC (COP 28) calling for them to recognise the vital role of direct wind

Prompt VLSFO availability remains super tight in Singapore. Recommended lead times for the grade range up to 12-16 days. Several suppliers need more than seven days to deliver VLSFO stems in Singapore, a trader says.

At least seven bunker suppliers in

Kongsberg Maritime has won a contract to supply design, engineering, and equipment for two MGO/Biofuel and methanol-ready chemical tankers for Swedish tanker operator Sirius Rederi AB. These highly advanced, low emission 15,000dwt tanker vessels will feature a range of Kongsberg

For the very first time, on 28 August 2023, the United States met more than of half of its electricity demand from natural gas. It encapsulated a summer during which gas-fired electricity generation grew dramatically. In just the past two

Clean

LR2

LR’s in the MEG have been on a downward trajectory this week. The 75Kt MEG/Japan TC1 index lost 16.11 points to WS113.33 with reports of WS107.5 currently on subjects in the market. The 90kt MEG/UK-Continent TC20 run to the UK-Continent

A new report from the Global Maritime Forum, prepared on behalf of the Getting to Zero Coalition, reveals a doubling of green corridor initiatives, increased maturity of existing projects, and a significant increase in the number of stakeholders involved.

The second

The transition to electrofuels1 is likely to change the fuel market landscape, creating new opportunities for developing countries. [1]

As global policies to advance the decarbonisation of shipping are to be implemented in the coming years, ports will play a critically