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MABUX: Bunker Price Volatility Will Remain the Main Trend Next Week

10/11/2023

During Week 45, the MABUX global bunker indices, following a brief period of moderate growth, once again shifted towards a downward trajectory. The 380 HSFO index fell by 6.01 USD: from 538.33 USD/MT last week to 532.32 USD/MT. The VLSFO

Vale to install Anemoi Rotor Sails on world’s largest ore carrier, making it the largest wind propulsion installation ev

09/11/2023

Brazilian mining giant Vale S.A. has announced that it is to install five Rotor Sails from Anemoi Marine Technologies Ltd (“Anemoi”), one of the world’s leading suppliers of wind-assisted propulsion technology for commercial vessels, onboard a 400,000 dwt Valemax, the

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

09/11/2023

Northwest Europe

HSFO has become more widely available for bunkering in Rotterdam and the rest of the ARA hub, a source says. Lead times of 5-7 days are recommended for the grade.

VLSFO and LSMGO availability is normal in the ARA. Lead

Wallem picks up on Asian project cargo opportunity

08/11/2023

Six months after establishing a new project cargo team, Hong Kong-based ship management group Wallem estimates that it – and its clients – have accessed over 800,000 tonnes of business that would otherwise have gone elsewhere.

Part of the group’s Ship

ENGINE: East of Suez Bunker Fuel Availability Outlook

08/11/2023

Singapore

A source says Singapore has been witnessing “average” demand so far this week. Product loading delays at oil terminals have kept the availability of VLSFO tight in Singapore, with most suppliers advising lead times of 10-12 days – almost unchanged

Q2’23 Carbon emission Wrap Up | the scores are in… and we have a new number ONE

07/11/2023

2023 has seen further chaos in ocean freight rates as carriers battle to balance capacity and demand – but have these choppy financial waters brought unintended environmental benefits?

It’s time to take another deep dive into Xeneta and Marine Benchmark’s Carbon

Study reveals Pilbara potential for ammonia as a clean shipping fuel

07/11/2023

A groundbreaking feasibility study has highlighted the potential for using clean ammonia to refuel ships, particularly iron ore carriers, visiting the Pilbara region of Western Australia.

The study, commissioned by Yara Clean Ammonia (Yara) and Pilbara Ports, was undertaken by Lloyds

How to be smarter about methane slip – right now

06/11/2023

When it comes to cutting the shipping industry’s emissions, sustainable fuels are key. To reach the IMO’s 2050 greenhouse gas emissions targets, LNG offers great potential as a natural bridge between traditional fuel oil and sustainable clean fuels. There are

Tanker Market: The VLCC Market Keeps on Rising

06/11/2023

Clean

LR2

LR’s in the MEG have taken a heavy re-correction down this week in terms of freight. The 75Kt MEG/Japan TC1 index lost 25.78 points to WS146.11. Similarly on a 90kt MEG/UK-Continent TC20 run nearly 10% of the value was lost

Drewry Port Equity Index Down 8.7%

04/11/2023

For the YTD ending on 31 October 2023, the Drewry Port Equity Index dropped 8.7% compared to the significant run-up of 9.2% recorded by the S&P. Over the time, Global Trade Organisations (GTOs) and Regional Trade Organisations (RTOs) declined 9.4%

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