Demand fears weigh on oil

Oil prices saw a fair amount of volatility in August. In fact, implied volatility in ICE Brent hit a year-to-date high during the month. Several supply risks have arisen, providing a short-term boost to prices. However,

Clean

LR2

MEG LR2s seem to have found a base, with rates holding on the TC1 (75Kt MEG/Japan) at the WS115-116 level, while rates for the 90kt MEG/UK-Continent TC20 voyage hovered

around the $4,000,000 mark. West of Suez, the Mediterranean/East LR2s were somewhat

The big picture

In this final FuelEU newsletter, we look ahead at the expected impact of the regulation on the industry. Our analysis finds that in order to meet the 2025 FuelEU targets, the industry will need to reduce 2.4 million

Lloyd’s Register’s (LR) business advisory team is partnering with energy companies ROTOBOOST and Amogy on a fuel cell and pre-combustion Carbon Capture Storage System (CCS) study to assess opportunities for emissions reduction. The joint development project (JDP) will evaluate the

North Americas

Bunker demand was slow in the early part of this week in Houston and several other locations along the US Gulf Coast, but picked up slightly as the week progressed, a source said.

Availability of all fuel grades has been

DNV has unveiled an upgrade to its emissions data verification and data management platform, Emissions Connect, which will enable the maritime sector to handle the commercial challenges and risks that come with the implementation of FuelEU Maritime. The update comes

Over the Week 36, the MABUX global bunker indices experienced a consistent downward trend. The 380 HSFO index fell by USD 13.20: from USD 526.20/MT last week to USD 513.00/MT, nearing the USD 500 threshold. Similarly, the VLSFO index dropped

ABB’s power and propulsion solution was chosen by SeaFjord Energy, a Swedish innovator in marine energy solutions, for a pioneering e-bunker vessel concept that offers a new way of supplying energy to ships at sea, in fjords or in ports.

Northwest Europe
Availability of HSFO continues to remain tight for very prompt delivery dates (0-2 days) in Rotterdam and in the wider ARA hub. Supply of VLSFO and LSMGO grades is comparatively better there. Lead times of 3–5 days are advised

Drop-in replacements for fossil fuels may be a cost-effective way of meeting environmental regulations and could extend the life of older vessels, if barriers to adoption can be overcome, according to a new LR report.

As a low-emission alternative fuel with