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Auramarine Wins Methanol Fuel Supply System Order For Pioneering Mein Schiff 7 Cruise Vessel

07/06/2024

Auramarine Ltd, the leading fuel supply systems pioneer for the marine, process and power industries, has announced that it has won an order from Meyer Turku shipyard for a methanol fuel supply system and associated equipment for the luxury Mein

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

06/06/2024

Northwest Europe

Bunker fuel availability is normal in Rotterdam and in the wider ARA hub. Lead times of 3-5 days are recommended to ensure full coverage from suppliers, a trader said. These lead times are roughly unchanged from the previous week.

The

Growing Demand to Increase Upstream Oil & Gas Investment Needs 22% by 2030

06/06/2024

Annual upstream oil and gas capital expenditures will need to rise by 22 percent by 2030 to ensure adequate supplies due to growing demand and cost inflation, according to a new report by the International Energy Forum and S&P Global

Drewry Port Equity Index declines 2.3%

05/06/2024

For the week ending on 31 May 2024, the Drewry Port Equity Index (DPEI) saw a decrease of 2.3% compared to the previous week, underperforming the S&P 500, which experienced a smaller decline of 0.5%. During the same period, Global

Posidonia 2024: DNV and Artemis Technologies sign MOU on electric foiling ferries

05/06/2024

At the Posidonia trade fair, classification society DNV and Artemis Technologies Ltd sign a new memorandum of understanding (MOU) on the development, certification, and operation of electric foiling vessels.

As the decarbonization challenge intensifies, providing a way to shift commuters and

Data-driven maintenance offers clear path for improving fleet reliability and efficiency

04/06/2024

Joint research from Lloyd’s Register (LR), Nippon Yusen Kabushiki Kaisha (NYK Line) and MTI Co., Ltd. (MTI) has identified that the adoption of data-driven Condition-Based Maintenance (DCBM) can have a significant impact on vessel efficiency and reliability.

The white paper shows

ABS 2024 Outlook Highlights Active Shift in Fleet Composition Toward More Sustainable Fuel Alternatives

04/06/2024

According to the latest ABS research, geopolitical instability, scalability of fuel production and retrofits to existing vessels are key factors impacting the shipping industry’s journey to net zero by 2050.

The sixth in an annual series, the 2024 Outlook, Beyond the

Tankers: Market Correction Still Evident

03/06/2024

Clean

LR2

MEG LR2’s saw freight levels fall off again this week. The TC1 rate for 75kt MEG/Japan sunk 30 points to WS240.56 and the 90kt MEG/UK-Continent TC20 voyage went from $7.79 million to $6.8 million.

West of Suez, Mediterranean/East LR2’s improved for

Electric-Vehicles-Affect-Global-Oil-Demand

03/06/2024

Main Navigation

How do electric vehicles affect global oil demand?
With the penetration of electric vehicles in new car sales skyrocketing in several countries, peak oil demand – the point in time when the highest level of global crude demand is reached

ENGINE: Americas Fuel Availability Outlook

01/06/2024

North America

Bunker demand has been normal in Houston this week. Availability is currently stable in Houston, with 5-7 days of lead time generally recommended for all grades. However, some suppliers are expressing concerns about potential bunkering delays due to rough

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