European shipping emissions reached an all time high last year, new Transport & Environment (T&E) analysis shows. With the UN’s global shipping body failing to agree on binding emissions measures at its landmark summit back in July, Europe must move

A.P. Moller – Maersk A/S and CMA CGM have decided to join forces on several areas relating to decarbonization, in full compliance with all laws and regulations.

As frontrunners of the energy transition in shipping, both companies are convinced that joint

Record volumes of crude oil were imported into China during the first half of 2023 because of refinery expansions in the country and initiatives to reopen the economy after the government eased COVID-19 mobility restrictions. China imported an average of

This year will see a boom in regas capacity in China. Since May 2023, four regas terminals have been commissioned: Hong Kong Offshore LNG, Caofeidian (Suntien) LNG, Wenzhou LNG and Guangzhou LNG. This brings the number of operational terminals to

Clean

LR2

LR2 freight levels in the MEG rose optimistically early on this week only to then come to a halt. TC1 topped out at WS145 up from WS136 to then resettle at WS142.78 at time of writing. At the WS145 mark

The oil market has come to life, with prices finally delivering on our expectations for 2023. With Brent moving above US$90/bbl earlier this month, the highest for a decade outside the immediate aftermath of Russia’s invasion of Ukraine last year,

North America

Availability of VLSFO and LSMGO grades in Houston has been good so far this week. Several suppliers are able to deliver the grades with 2-3 days of lead time, down from last week’s 4-5 days. However, demand in Houston

DNV has awarded an Approval in Principle (AIP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and its subsidiaries, HD Hyundai Heavy Industry (HD HHI) and Hyundai Mipo Dockyard (HMD) for their new hydrogen system. HD KSOE aims to

Over the Week 37, the MABUX global bunker indices continued upward trend. The 380 HSFO index rose by 8.95 USD, climbing from 576.29 USD/MT last week to 585.24 USD/MT. The VLSFO index, in turn, increased by 9.12 USD (688.17 USD/MT

Fitch Ratings has marginally increased its 2023 gas price assumptions for European TTF, reflecting year-to-date (YTD) prices. We have reduced our 2023-2024 Henry Hub assumptions due to increasing gas production, above-average storage levels and a likely mild winter in the