Clean

LR2

LR2’s in the MEG were eventually retested back down this week. The TC1 75kt MEG/Japan index lost 14.44 points to WS113.89. A TC20 90kt MEG/UK-Continent run also went from $3.63m to $3.37m.

West of Suez, Mediterranean/East LR2’s held steadfast this week

The Global Centre for Maritime Decarbonisation (GCMD) today released a comprehensive report detailing the learnings of a pioneering pilot successfully completed on 14 September 2024. The pilot involved the ship-to-ship transfer of liquid ammonia between two gas carriers, the Green

Changes on the day to 09.00 GMT today:

• VLSFO prices up in Durban ($47/mt), Rotterdam ($37/mt) and Gibraltar ($36/mt)
• LSMGO prices up in Gibraltar ($49/mt) and Rotterdam ($47/mt)
• HSFO prices up in Durban ($44/mt), Gibraltar ($36/mt) and Rotterdam ($34/mt)
• Rotterdam B30-VLSFO premium over VLSFO

China recorded another month of strong crude stock builds in May, even as seaborne imports softened. This trend raises a key question for markets: what are the latest figures telling us about China's underlying demand?

China's seaborne crude imports fell 8%

At the end of Week 24, the global bunker indices published by MABUX continued their moderate upward trend. The 380 HSFO index rose by USD 1.80, from USD 466.01/MT the previous week to USD 467.81/MT. The VLSFO index increased by

The biofuel blending approval offers scalable solution for lower-carbon fuel supply.

In what is believed to be an industry first, UK-based bunker operator John H. Whitaker (Tankers) Limited has secured chemical certification from Lloyd's Register (LR) on behalf of the Isle

Despite global economic and geopolitical headwinds, the maritime industry’s ambition to decarbonise remains resilient.

This sentiment is evident in the second edition of the Global Maritime Decarbonisation Survey, jointly conducted by GCMD and BCG between October 2024 and February 2025. The

Proactive measures supporting marine biodiversity create operational efficiencies and attract commercial incentives, according to a new Lloyd's Register (LR) report, launched today at the UN Ocean Conference 2025 in Nice, France.

The Shipping Biodiversity Report offers practical, science-based guidance and potential

Singapore and Malaysia

In Singapore, VLSFO lead times have shortened to 5-10 days amid “quiet” demand, down from 7-14 days last week. LSMGO availability has also improved, with several suppliers now advising lead times of 2–6 days, compared to 3–10 days

In 2024, the United States produced a record amount of energy, according to data in our Monthly Energy Review. U.S. total energy production was more than 103 quadrillion British thermal units in 2024, a 1% increase from the previous record