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Make clean fuels available: European Shipowners and Transport & Environment call to prioritise energy transition of ship

02/11/2024

In a joint statement released today, European Shipowners and European green transport group Transport & Environment (T&E) call upon EU leaders to prioritise clean fuel production as part of the upcoming Clean Industrial Deal.

The Draghi Report estimates that €40 billion

Americas Fuel Availability Outlook

02/11/2024

North America

In Houston, bunker fuel availability is tight until next week, as many suppliers are fully booked. Both VLSFO and LSMGO are in high demand, and lead times have now extended beyond the usual window. Buyers are advised to plan

MABUX: Bunker Prices to Reverse Downward Trend Next Week and Head Higher

01/11/2024

In Week 44, the MABUX global bunker indices exhibited a general decline. The 380 HSFO index fell by USD 10.90: from USD 539.39/MT last week to USD 528.49/MT. The VLSFO index decreased by USD 18.90 (USD 596.21/MT versus USD 615.11/MT

European Space Agency launches the DECARDIS project with Awake.AI, ABB and Wallenius Marine to optimize ship-port operat

01/11/2024

By optimizing arrival times, vessels can avoid the “hurry-and-wait” pattern, reducing both fuel use and environmental impact

The European Space Agency (ESA) has initiated a new flagship project, Decarbonization through the Digitalization in Shipping (DECARDIS), together with optimization platform company Awake.AI,

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

31/10/2024

Northwest Europe

LSMGO availability in Rotterdam and across the wider ARA hub is very tight for prompt delivery dates, a trader told ENGINE. LSMGO tightness is likely to continue till mid-November, another source said, adding that this tightness is mainly due

Challenge begins to deliver $3bn Clean Ports Program

31/10/2024

The green technology market is set to become more competitive and expensive now nearly $3billion of federal Clean Ports Program funding has been awarded, according to leading sustainability consultancy Tunley Environmental.

It is predicting there will be a ‘sharp pinch point'

ENGINE: East of Suez Bunker Fuel Availability Outlook

30/10/2024

Singapore and Malaysia

Bunker demand has risen in Singapore this week, according to a source. VLSFO availability remains tight, with recommended lead times of around 11 days. Some suppliers can fulfil orders with shorter lead times of around five days, though

U.S. energy production has increased faster than energy consumption over the past 50 years

30/10/2024

In October 1974, in the wake of the 1973 Oil Embargo, the Federal Energy Administration—the predecessor of the U.S. Department of Energy—published the first issue of the Monthly Energy Review (MER), an overview of the energy produced and consumed in

Carbon emissions in ocean container shipping hits record high

28/10/2024

The ongoing impact of conflict in the Red Sea, spiraling freight rates and congestion across global ocean container supply chains resulted in record high carbon emissions in Q3.

The Xeneta and Marine Benchmark Carbon Emissions Index (CEI), which measures carbon emissions

VLCC Market Steady Last Week

28/10/2024

Clean
LR2
LR2’s in the MEG came back under downward pressure this week, with several reports of demand easing up. TC1 dropped 13.05 points to WS120.28 mark (A Baltic TCE of around $22,000 / day). Meanwhile, a run to the

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