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ENGINE: East of Suez Bunker Fuel Availability Outlook

12/06/2024

Singapore and Malaysia

Bunker demand has been relatively quiet in Singapore this week. Lead times for VLSFO have fluctuated lately, with most suppliers now indicating up to 11 days. However, some suppliers can accommodate stems in as little as two days.

OPEC Keeps Oil Demand Growth Forecast for 2024 Unchanged

12/06/2024

Crude Oil Price Movements

In May, the OPEC Reference Basket (ORB) declined by $5.53, or 6.2%, m-o-m, to average $83.59/b. Oil futures prices declined, with the ICE Brent front-month contract falling by $6.00, or 6.7%, m-o-m, to average $83.00/b, and the

Ammonia cuts shipping GHG emissions by up to 61%

11/06/2024

The study is part of a series on greenhouse gas (GHG) emission studies in the maritime sector to reflect ongoing discussions about alternative fuel developments throughout the marine fuels value chain. This “1st Life Cycle GHG Emission Study on the

First Demonstration In Korea Of Marine Ammonia Engine Combustion Technology: Reduces Carbon Dioxide Emissions By 50%, A

11/06/2024

MW-class marine engine combustion technology that uses ammonia, a future renewable energy source, as fuel will be applied on-site for the first time in Korea. The ship engine fueled by ammonia is expected to accelerate its competitiveness in the global

What will define LNG’s three phases of market growth?

11/06/2024

Our recently released Global gas strategic planning outlook (SPO) identifies three distinct phases of LNG market growth through the coming decade. First, continued market volatility over the next couple of years as limited supply growth amplifies risk. This is followed

Tankers: VLCC Segment Down Again Last Week

10/06/2024

Clean

LR2

MEG LR2’s saw freight take another tumble this week. Much of the industry has been in Posidonia enjoying the festivities. The TC1 rate for 75kt MEG/Japan dropped another 10% to WS203.61 and the 90kt MEG/UK-Continent TC20 voyage is went from

The energy transition in the upstream oil & gas sector: a reality check?

10/06/2024

Last year was a pivotal one for climate disclosures. The International Sustainability Standards Board’s (ISSB) new standards and the EU’s Corporate Sustainability Reporting Directive (CSRD) climate disclosures have been adopted across dozens of jurisdictions around the world. While the mandatory

Americas Fuel Availability Outlook

08/06/2024

North America

Bunker demand has been strong this week in Houston and several other ports along the US Gulf Coast. Availability of all fuel grades has been normal for prompt supply in Houston. VLSFO and LSMGO grades are generally in good

The electrical connection of the ships means ‘a five-fold increase the installed power in the ports’

08/06/2024

‘Green behaviour has become a tool for competitiveness, a zero carbon footprint is increasingly demanded in port activity’. This is how Manuel Arana, Director of Planning and Development of Puertos del Estado, introduced the conference on decarbonisation promoted by Valenciaport

WinGD, Alfa Laval, ABS and K Shipbuilding join forces for ammonia-fuelled tanker design

07/06/2024

Swiss marine power company WinGD, Swedish marine technology leader Alfa Laval and the American Bureau of Shipping (ABS) will work with Korean shipbuilder K Shipbuilding (KSB) on the development of an ammonia-fuelled MR tanker design, under a memorandum of understanding

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