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ENGINE: East of Suez Bunker Fuel Availability Outlook

23/04/2025

Singapore and Malaysia

In Singapore, VLSFO lead times currently vary significantly, ranging from 6-18 days. This is a notable shift from last week, when most suppliers recommended lead times of 8-12 days. HSFO lead times have also widened, now at 7-11

IMO: Outcomes of the Marine Environment Protection Committee (MEPC 83)

18/04/2025

The Marine Environment Protection Committee (MEPC) met for its 83rd session in person at IMO Headquarters in London (with remote participation enabled) from 7 to 11 April 2025. The meeting was chaired by Dr. Harry Conway (Liberia), with Mr. Hanqiang

Record-breaking carbon emissions in ocean container shipping: here’s what shippers need to know

18/04/2025

Latest data reveals global ocean container shipping emitted all-time high carbon emissions in 2024, driven largely by the impact of conflict in the Red Sea.

The data, released by Xeneta and Marine Benchmark this week, is a timely reminder that, while

Fitch Ratings Cuts Short-Term Oil Price Assumptions, Maintains Gas Prices

18/04/2025

Fitch Ratings has reduced its Brent and WTI oil price assumptions for 2025, reflecting lower economic growth due to the trade war and higher-than-expected production increases by OPEC+ planned for May. Medium-term and mid-cycle oil and all gas price assumptions

ENGINE: Europe & Africa Fuel Availability Outlook

17/04/2025

Northwestern Europe

HSFO and LSMGO supplies in the ARA are normal, while VLSFO supply remains tight, a trader told ENGINE. However, securing very prompt delivery of HSFO can be difficult in the hub, with recommended lead times of 8-10 days. Lead

U.S. crude oil production rose by 2% in 2024

17/04/2025

U.S. crude oil production grew by 270,000 barrels per day (b/d) in 2024 to average 13.2 million b/d, according to our Petroleum Supply Monthly. Almost all the production growth came from the Permian region.

Our Short-Term Energy Outlook (STEO) breaks out

The IMO Confirms The Methane Pathway’s Role In Shipping’s Decarbonisation

16/04/2025

SEA-LNG congratulates the IMO and its delegates on reaching the agreement on a regulatory framework for GHG emissions reductions last Friday. We are pleased to see that the IMO has held firm to its principles of goal-based, technology neutral regulation.

Global oil demand growth is expected to slow in 2025 as economic headwinds intensify

16/04/2025

The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining

Vessel Engine Damage: Prevention or Cure, It’s Your choice?

15/04/2025

Statistically, data indicates that a vessel will suffer between one and two incidences of main engine damage over the course of its operational lifetime. The average damage costs have been estimated at around $650,000 per incident, with even more damaging

Port of Rotterdam Takes Important Step In Making Shipping More Sustainable: Pilot Prepares Port For Safe Bunkering Of Am

15/04/2025

Trammo, OCI and James Fisher Fendercare successfully conducted an ammonia bunkering pilot between two vessels at a terminal in the port of Rotterdam on 12 April, 2025. This marks an important step in preparing the port for vessels bunkering clean

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