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Tankers: VLCC Market Eased Last Week

31/03/2025

Clean

LR2
MEG LR2’s reached an impasse this week with freight levels ultimately dropping, but only modestly. The TC1 75Kt MEG/Japan index went from WS163.61 to WS153.33. A TC20 90kt MEG/UK-Continent assessment dropped by $243,000 to $3.956m.
West of Suez, Mediterranean/East

IMO policy measures: Ensuring certainty for shipping’s energy transition

31/03/2025

Early adoption of e-fuels is key to avoiding an inefficient energy transition towards zero-emission shipping with costly technology lock-in. E-fuels will likely be the best bet in the long run due to their high emissions reduction potential and scalability. Because

IMO policy progress in April 2025 to influence vessel strategic fuel choices

29/03/2025

The maritime industry is at a critical juncture with clarity expected from the international regulator that will influence long-term energy transition decision-making. Ricardo's total cost of ownership modelling can assist vessel owners with their strategic fuel choices.

Within the EU, there

Impending IMO Summit Must Slash Shipping’s Contribution to Climate Crisis

28/03/2025

Ahead of a hectic two weeks at the International Maritime Organization (IMO), the Clean Shipping Coalition is calling for action from governments on three key fronts to ensure the sector slashes its climate heating impacts:

ISWG-GHG-19 (Intersessional Working Group on Reduction

MABUX: Bunker Prices To Edge Moderately Higher Next Week

28/03/2025

Over the 13th week, the global bunker indices MABUX experienced a moderate upward trend. The 380 HSFO index saw a slight increase of 9.36 USD, rising from 493.49 USD/MT last week to 502.85 USD/MT, surpassing the 500 USD mark. The

Maritime industry needs regulatory action to meet decarbonisation and digitalisation goals

27/03/2025

Lloyd’s Register’s Global Maritime Trends 2025 Barometer warns that fragmented regulation is undermining progress in decarbonisation and limiting investment.

The global shipping industry risks falling short of its net-zero and digital transformation ambitions without sufficient regulatory support enacted at a global

Wind propulsion key to cut costs and carbon in shipping, shows new report

27/03/2025

As the International Maritime Organization (IMO) prepares to meet in London from 31 March to 11 April to finalise measures for its greenhouse gas (GHG) strategy, a new report by marine NGO Seas At Risk shows the significant economic and

MEPC 83: “The Only Way To Drive Innovation In The Shipping Industry Is A Global Framework”

25/03/2025

With the historical decision to be made at the upcoming 83rd meeting of the Marine Environment Protection Committee (MEPC 83) of the International Maritime Organization, the Royal Belgian Shipowners’ Association (KBRV) is featuring videos from its maritime thought leaders.

This week,

Value Maritime and MOL Complete Carbon Capture First

25/03/2025

Value Maritime (VM), a pioneer in emissions-reducing maritime technology, has successfully installed its unique Exhaust Gas Cleaning System (EGCS) and Carbon Capture unit aboard Nexus Victoria, an LR1 product tanker owned by Mitsui O.S.K. Lines, Ltd. (MOL). The completion of

Tankers: VLCC Seesawed Last Week

24/03/2025

Clean

LR2
MEG LR2’s looked to have reached the top for their current freight spike for the moment. The TC1 75kt MEG/Japan index reached WS166.94 where is paused and is now at WS164.17. A TC20 90kt MEG/UK-Continent assessment climbed to

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