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The Role of Methanol in Shipping’s Energy Transition Explored at First London Methanol Summit

24/11/2022

Leading players in the maritime industry joined ABS and the Methanol Institute (MI) for a deep dive into the potential of methanol as marine fuel to contribute to shipping’s decarbonization objectives.

ABS and MI hosted the London Methanol Summit, bringing together

New ICS guide launched to help owners and operators navigate the new EEXI and CII emission reduction regulations

23/11/2022

The International Chamber of Shipping (ICS) has published the industry’s first definitive guide to the IMO GHG regulations, helping decision makers to chart their way through the major technical and operational changes they face in achieving the CO2 reduction targets

ENGINE: East of Suez Bunker Fuel Availability Outlook

23/11/2022

Singapore

Availability across all fuel grades remains tight in Singapore. Recommended lead times for VLSFO in the port are 9-11 days, while 7-10 days are required for HSFO.

The port’s residual fuel oil inventories have averaged 4% lower so far in November

Environmental Defense Fund, LR, and Ricardo launch report examining ecological impact of ammonia as a shipping fuel acro

22/11/2022

A joint study released by Environmental Defense Fund (EDF), Lloyd’s Register (LR) and Ricardo PLC, examines the potential marine environmental impacts of ammonia spills during its use as a shipping fuel.

Ammonia generated from renewable energy is considered a sustainable alternative

MOL Teams up with JERA to Study Transport of Ammonia Fuel

22/11/2022

Mitsui O.S.K. Lines, Ltd. announced that MOL and JERA Co., Ltd. (JERA; President: Satoshi Onoda) have signed a memorandum of understanding (MoU) to launch a study of transporting ammonia for use as fuel, including shipments to JERA’s Hekinan Power Station

European Ports: Only A Well-Designed Maritime Eu Ets With Dedicated Funding Will Accelerate The Greening Of The Shipping

22/11/2022

Europe’s ports continue to support the extension of the EU Emission Trading System (EU ETS) to the maritime sector. The European Sea Ports Organisation (ESPO) recognises that the maritime EU ETS can be a powerful mechanism to accelerate the green

Tankers: VLCC Market on “Rally” Mode

21/11/2022

Clean

The Middle East Gulf has been relatively static this week on the LRs. The TC1 index has held in the mid WS170’s all week, but with Bahri week ending we are now hearing WS190 reported on subjects for this run.

Private Seaport Operators and Terminals reiterate their call for a continuous monitoring of the future impacts of FuelEU

21/11/2022

FEPORT supports the Fit for 55 proposals as key building blocks to allow the decarbonization of the EU economy towards climate neutrality by 2050, including those proposals aimed at the greening of maritime shipping such as FuelEU Maritime and the

MABUX: Bunker Prices Looking for Direction Moving Forward

19/11/2022

Over the Week 46, MABUX global bunker indices demonstrated irregular changes. The 380 HSFO index rose by 10.88 USD: from 507.77 USD/MT last week to 518.65 USD/MT, being still above the 500 USD mark. The VLSFO index, in turn, fell

Decarbonising crude

19/11/2022

Crude oil’s centrality to the global economy has been reinforced in the energy crisis of 2022. Oil demand has recovered strongly from the Covid-induced dip and, despite an economic slowdown, could reach record highs next year. But COP27, underway in

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