Although global oil demand is expected to grow, the long-term outlook for many refineries is uncertain. In Wood Mackenzie's latest global refinery closure threat analysis we assess 420 sites and highlight which ones are most at risk of closure by
PSA Singapore (PSA) and Cargo Community Network (CCN) announced today the launch of OptEModal, a next-generation digital platform that enables faster, smarter and more coordinated sea-air intermodal transhipment. OptEModal is an intermodal shipment management platform that enables the logistics community
ClassNK announced that a consortium it formed with IHI Corporation, JFE Steel Corporation, Tohoku University, and Institute of Science Tokyo was selected by New Energy and Industrial Technology Development Organization (NEDO) to participate in the Feasibility Study Program on Energy
President Donald Trump has said he doesn’t like the slogan “Drill, baby, drill”, because it has become too much of a cliché. But it is still a commonly used message from his administration.
First coined in 2008 by Republican politician Michael
Clean LR2 LR2 freight in the MEG moved upwards optimistically this week. The TC1 75kt MEG/Japan index climbed 18.34 points to WS147.78. A TC20 90kt MEG/UK-Continent trip also went from $3.78mill to $3.93mill. West of Suez, Mediterranean/East LR2’s continued along
A major trend in the global energy landscape today is the ongoing recalibration of supply chains, driven by shifting geopolitical dynamics. Nations are increasingly recognizing that energy security extends beyond basic supply and demand; it is intrinsically linked to political
North America
Bunker fuel availability remains steady in Houston, with market demand largely unchanged from last week. Both HSFO and VLSFO can be delivered within 6-7 days.
LSMGO availability is better at the port this week, and suppliers can make deliveries in
The EU Commission’s proposal for the next Multiannual Financial Framework, for 2028 to 2034 unveiled on July 16th, 2025, shows the ambition. For the transport sector, Commissioner Tzitzikostas announced that the package includes a strong proposal for a Connecting Europe
At the end of Week 31, the global MABUX bunker indices continued to move in different directions. The 380 HSFO index rose by 7.71 USD, increasing from 465.21 USD/MT the previous week to 472.92 USD/MT, gradually approaching the 500.00 USD
As the global shipping industry moves rapidly toward decarbonisation, Bernhard Schulte Shipmanagement (BSM) has launched its first methanol bunkering simulator at its Maritime Training Centre in Kochi, India, in partnership with maritime technology leader Wärtsilä. This state-of-the-art training platform equips