In November 2023 IBIA submitted a document to IMO on the carriage of biofuels for supply to a ship for use as fuel oil on board that ship. This highlighted that as conventional bunker vessels were limited in carrying fuel
US oil tariffs on Canada and Mexico would initiate a significant shift in crude flows in North America as higher prices would push a portion of US imports into overseas markets, according to a recent report from Wood Mackenzie.
According to
Clean LR2 MEG LR2’s continued downward this week. TC1 75kt MEG/Japan was marked 22.5 points less at WS102.22 and a voyage west on TC20 90kt MEG/UK-Continent went from $3.43m to 3.25m. West of Suez, Mediterranean/East LR2’s of TC15 also dipped
The strong US dollar (USD) over recent years has weighed on energy and commodity prices. This should not be surprising considering that commodities are quoted in USD but mostly consumed and produced in non-USD based economies.
Another factor connecting commodities and
When the first shipment of LNG left Gladstone in 2015, a golden age of gas beckoned, promising billions in investment, revenue and royalties. Ten years on, few have benefited from this boom, with some, such as domestic gas consumers and
The chairpersons of the world’s biggest shipping industry organisations gathered on 6 February in Athens to discuss topics including greenhouse gas (GHG) reduction and the impact of geopolitics on shipping. By far the most important topic on the agenda was
North America
Bunker fuel demand is good in Houston, and availability across all fuel grades is currently tight for prompt delivery dates. Several suppliers can offer VLSFO and LSMGO stems with a lead time of at least seven days.
There is plenty
During the 06th week, the MABUX global bunker indices continued their moderate decline. The 380 HSFO index fell by 4.26 USD: from 533.61 USD/MT last week to 529.35 USD/MT. The VLSFO index decreased by 2.79 USD (619.14 USD/MT versus 621.93
Our port pro of the month is Ansis Zeltiņš, elected as Chair of ESPO on 6 November 2024 and CEO of the Port of Riga (Latvia). In this interview you will learn more about the Port of Riga, Ansis role
Maritime freight plays a key role in global trade. According to the IMO (International Maritime Organization), about 80-90% of global trade is carried out by this service. Maritime shipping not only connects markets from different continents but also plays an