Mitsui O.S.K. Lines, Ltd. (MOL), PETRONAS CCS Ventures Sdn. Bhd. (PCCSV) and MISC BERHAD (MISC) today announced the incorporation of a strategic joint venture (JV), Jules Nautica Sdn. Bhd., This JV will lead the development and act as the ultimate

Singapore and Malaysia

In Singapore, VLSFO lead times remain steady at 6–10 days, showing little change from last week. LSMGO is widely available, with most suppliers quoting lead times of 2–5 days—also virtually unchanged. HSFO continues to require 6–10 days of

The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The strait is deep enough and wide enough to handle the world’s largest crude oil tankers, and it

Crude Oil Price Movements

In May, the OPEC Reference Basket (ORB) value declined by $5.36, or 7.8%, month-on-month (m-o-m), to average $63.62/b. The ICE Brent front-month contract declined by $2.45, or 3.7%, m-o-m, to average $64.01/b, while the NYMEX WTI front-month

Clean

LR2

LR2’s in the MEG were eventually retested back down this week. The TC1 75kt MEG/Japan index lost 14.44 points to WS113.89. A TC20 90kt MEG/UK-Continent run also went from $3.63m to $3.37m.

West of Suez, Mediterranean/East LR2’s held steadfast this week

The Global Centre for Maritime Decarbonisation (GCMD) today released a comprehensive report detailing the learnings of a pioneering pilot successfully completed on 14 September 2024. The pilot involved the ship-to-ship transfer of liquid ammonia between two gas carriers, the Green

Changes on the day to 09.00 GMT today:

• VLSFO prices up in Durban ($47/mt), Rotterdam ($37/mt) and Gibraltar ($36/mt)
• LSMGO prices up in Gibraltar ($49/mt) and Rotterdam ($47/mt)
• HSFO prices up in Durban ($44/mt), Gibraltar ($36/mt) and Rotterdam ($34/mt)
• Rotterdam B30-VLSFO premium over VLSFO

China recorded another month of strong crude stock builds in May, even as seaborne imports softened. This trend raises a key question for markets: what are the latest figures telling us about China's underlying demand?

China's seaborne crude imports fell 8%

At the end of Week 24, the global bunker indices published by MABUX continued their moderate upward trend. The 380 HSFO index rose by USD 1.80, from USD 466.01/MT the previous week to USD 467.81/MT. The VLSFO index increased by

The biofuel blending approval offers scalable solution for lower-carbon fuel supply.

In what is believed to be an industry first, UK-based bunker operator John H. Whitaker (Tankers) Limited has secured chemical certification from Lloyd's Register (LR) on behalf of the Isle