During the 03rd week, the MABUX global bunker indices demonstrated a consistent upward trend. The 380 HSFO index rose by 16.79 USD, climbing from 521.15 USD/MT last week to 537.94 USD/MT. The VLSFO index increased by 17.19 USD, reaching 621.98
Trafigura, a market leader in the global commodities industry, in collaboration with CF Industries, the world's largest producer of ammonia, today announced the completion of the first co-loaded ammonia and propane shipment operation of its kind. In early January, the
Northwest Europe
The ARA's HSFO supplies have remained unchanged since last week, with slight tightness for very prompt deliveries. Suppliers are able to provide the grade with a lead time of 5-7 days, a trader said.
VLSFO and LSMGO grades are well-stocked
Crude Oil Price Movements
In December, the OPEC Reference Basket (ORB) rose by 9¢, or 0.1%, m-o-m, to average $73.07/b. The ICE Brent front-month contract fell by 27¢, or 0.4%, to average $73.13/b, while the NYMEX WTI front-month contract rose by
Ship managers must navigate tricky commercial terrain to mitigate their financial exposure as DOC holder with responsibility for compliance under FuelEU Maritime. An effective compliance strategy requires an understanding of the various operational scenarios to formulate sound ship management agreements
Singapore and Malaysia
VLSFO availability remains tight in Singapore, with standard lead times of about 10 days, similar to last week. Expedited deliveries within five days are available but at higher prices. HSFO lead times remain steady at 5-9 days, while
Conflicts and geopolitical uncertainty impacted oil markets in 2024, making for an unpredictable year. The price of Brent crude oil averaged roughly $80 per barrel throughout 2024, but it fell to the low $70s at times.
This year, Goldman Sachs Research
Clean LR2 MEG LR2 freight strengthened this week off the back of significantly improved demand generating firming sentiments. TC1 75Kt MEG/Japan jumped 14.33 points to WS132.22. A run to the West on TC20 90kt MEG/UK-Continent went from $3,330,000 to $3,750,000. Continue reading
Americas crude exports started to stagnate during the second half of 2024 with the US, the largest exporter, showing signs of slowdown. Similarly in Canada, exports out of Vancouver via the new Trans Mountain Expansion (TMX) pipeline also declined for
The FuelEU Maritime regulation, enforced January 1, 2025, aims to reduce greenhouse gas (GHG) emissions on a well-to-wake basis within EU and EEA waters.
The regulation mandates compliance with GHG intensity limits and promotes the use of alternative fuels and technologies.