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ENGINE: Americas Bunker Fuel Availability Outlook

21/05/2022

North America
Prompt supply of all grades is back on offer in New York. A supplier can deliver in 5-7 days. Several others can deliver VLSFO and LSMGO grades with 2-3 days of lead time.

New York’s LSMGO price has come

H2-Industries set to clear the oceans of plastic waste and produce clean fuel from innovative ship design

21/05/2022

H2-Industries and TECHNOLOG Services, a naval architecture company, have joined forces to develop 3D designs for an innovative concept ship that will collect plastic waste that currently blights the world’s oceans and then converts it into clean hydrogen, allowing surplus

MABUX: Bunker Prices Expected to Move Upwards Next Week

20/05/2022

Over the Week 20, the world bunker indices did not have a firm trend and changed irregular. The 380 HSFO index rose by 18.88 USD: from 718.62 USD/MT to 737.50 USD/MT. The VLSFO index went up more significantly: by 36.82

A reality check on Europe’s latest energy proposals

20/05/2022

A ‘double urgency’
The European Commission has responded to the global energy crisis caused by Russia’s war on Ukraine. It says there’s a ‘double urgency’ to transform Europe’s energy system and its reliance on the bloc’s dependence on Russian fossil

April 2022 Continues Record Import Volumes with No Impact from China’s Lockdowns

19/05/2022

The global shipping crisis continued through April 2022 with another year-over-year record in container import volume versus 2021. COVID-related shutdowns in China continue to spread, but do not appear to be having an impact on overall U.S. container import volumes.

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

19/05/2022

Supply of LSMGO has improved further this week in ARA ports, with more suppliers now offering prompt delivery, particularly in Rotterdam, sources say. Availability of VLSFO is also looking better.

Recommended lead times for deliveries of LSMGO and VLSFO in ARA

Making ships eco-friendlier and more fuel efficient with a layer of air

18/05/2022

Maritime transport is the backbone of global trade. However, it harms the environment by releasing around 940 million tonnes of CO2 into the atmosphere each year. A factor that contributes to the maritime transport sector’s greenhouse gas emissions is biofouling

ENGINE: East of Suez Bunker Fuel Availability Outlook

18/05/2022

Singapore
HSFO remains “super tight” in Singapore. Recommended lead times are up to two weeks. However, a supplier can offer limited deliveries with a shorter lead time of 4-5 days, a trader says.

Recommended lead times for VLSFO are around 10-13

Mitsubishi Shipbuilding and NYK Line Obtain Approval in Principle (AiP) from Classification Society ClassNK for Large LC

17/05/2022

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Yusen Kabushiki Kaisha (NYK Line) have been granted Approval in Principle (AiP)(Note) from the Japanese classification society ClassNK for joint development of CO2 transport technology for liquefied CO2

EU’s Proposed Embargo on Russian Oil to Keep Prices Elevated

17/05/2022

A proposed EU embargo on imports of Russia crude oil and refined products would keep prices at elevated levels in the short term as it would require redirecting trade flows from other regions and utilising spare capacity, Fitch Ratings says.

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