FEPORT is supportive of the EU Commission’s UCC revision proposal. This reform is crucial to harmonize the current Customs framework. It should allow for the simplification of customs rules and procedures and further harmonize risk management thanks to the introduction

North America

Demand for all fuel grades has been normal in Houston this week. VLSFO and LSMGO grades are generally in good supply with suppliers in the Houston area. Most suppliers can deliver stems with lead times of 5-7 days. HSFO

Reduced shipping via the Red Sea and re-routing around Africa following attacks on commercial ships has led to volumes being redistributed from ports in the affected area to terminals in the UAE and Africa, Fitch Ratings says. Larger operators with

The International Chamber of Shipping (ICS) has submitted a detailed, fit-for-purpose proposal to shipping’s global regulator, the UN International Maritime Organization (IMO), for a Zero Emission Shipping Fund (ZESF).

In recognition of the urgency to move forward with workable solutions to

Following the results of the 05th week, the MABUX global bunker indices demonstrated moderate growth. The 380 HSFO index rose by 13.81 USD: from 502.49 USD/MT last week to 516.30 USD/MT, firmly exceeding the 500 USD mark. The VLSFO index,

Northwest Europe

In the ARA hub, securing very prompt delivery dates for HSFO and VLSFO bunker fuel grades may be difficult. A trader recommends lead times of 5-7 days for both grades.
LSMGO availability is much better with some suppliers able to

The global gas market is facing a range of major unknowns. From the current market volatility to the long-term uncertainty of gas demand longevity and the impact of the energy transition.

Wood Mackenzie’s base case assumes that gas demand will be

Seanergy Maritime Holdings Corp., through its wholly-owned subsidiary Seanergy Shipmanagement Corp., is the first Greek-based shipping company to accomplish a strategic partnership in the European Union Funded SAFeCRAFT Project Consortium (“Safecraft”), a breakthrough initiative concerning the utilization of alternative fuels.

Safecraft

Oil to edge higher but gains to be modest

The bullish outlook for the oil market has softened in recent months, given stronger-than-expected supply growth from non-OPEC producers in 2023. This was predominantly driven by the US. However, growth was also

Real-world performance data compiled from ships applied with International® brand Intersleek® 1100SR over the past 10 years shows the coating has slashed ship fuel bills by $8 billion and reduced 41 million tonnes of CO2 emissions.

The world-leading biocide-free, foul release