Clean

LR2

Following a second week of climbing freight on LR2’s in the MEG seemingly a plateau has been reached for the moment. The TC1 75kt MEG/Japan index climbed from WS145 to WS154 mid-week where it has then rested since. A TC20

On 11 April 2025 the IMO announced that agreement had been reached by the member states at MEPC 83 on interim measures as part of the IMO's 2023 greenhouse gas (GHG) strategy to achieve net-zero by or around 2050.

The proposed

Growing demand for low to zero carbon fuels across transport sectors to meet environmental regulations has increased interest in alternative sources. Fatty Acid Methyl Esters (FAME) are popular for biofuels, but high demand across various transport sectors exceeds supply. Cashew

North America

Bunker demand in Houston has improved this week compared to early May. VLSFO and LSMGO are currently available for prompt delivery, with recommended lead times of 5-7 days for both fuel grades.

HSFO availability remains tight at the port and

16% of the global mainstream-trading VLCC fleet is aged 18 years and above, and the utilisation of ageing vessels in the mainstream market has been steadily rising. This tonnage has been crucial in servicing crude flows, particularly in the Pacific

At the end of the 21st week, the global bunker indices from MABUX showed a moderate decline. The 380 HSFO index dropped by 2.32 USD, falling from 468.47 USD/MT the previous week to 466.15 USD/MT. The VLSFO index decreased by

Northwest Europe

Prompt bunker availability is currently tight in Rotterdam and in the wider ARA hub, a source said. Lead times of 7-8 days are advised for all grades in the region.

The ARA's independently held fuel oil stocks have averaged 3%

ClassNK has released the latest version of its report ‘ClassNK Alternative Fuels Insight (Version 3.0)'. This provides updated information on cost simulations reflecting the IMO's mid-term GHG reduction measures approved at the 83rd session of the Marine Environment Protection Committee

Singapore and Malaysia

In Singapore, VLSFO lead times have increased from 6–13 days last week to 9–14 days now. LSMGO lead times have also risen from 3–7 days to 5–9 days, while HSFO lead times remain steady at around 5–9 days.

According

In an order delivered on the 28th of April 2025 following FEPORT’s action regarding a State Aid scheme granted by Greece to the maritime sector concerning tonnage tax and related aid measures, the General Court of Justice has recognised that