As an industry the world’s shipping fleet consumes over 230 million metric tons of fuel per year, which in turn produces 716 million metric tons of CO2-equivalent emissions. However, shipping is in the midst of a major transition to reduce

A quick guide to why 2025 is such an important year for shipping decarbonisation.

International shipping is the lifeblood of the global economy, transporting more than 80 percent of all goods. However, the same system that the world depends on for

As a global shipping hub and major supplier of traditional maritime fuels, the European Union risks being left behind if it doesn’t put serious investment and political commitment behind the Clean Industrial Deal announced today, says the World Shipping Council

Wood Mackenzie projects that Brent crude oil prices will average $73.00 per barrel (bbl) in 2025, according to its latest market outlook. The forecast considers various geopolitical and economic factors, including potential peace talks between Russia and the US regarding

Global energy and commodity price reporting agency Argus has launched two calculated prices that value the cost of compliance generated under the FuelEU Maritime regulation.

The calculated prices represent the cost of abating one tonne of CO2 equivalent by burning used

Singapore and Malaysia

Most suppliers in Singapore are advising lead times of 2–10 days for VLSFO deliveries, compared to 2–5 days last week. HSFO lead times remain steady at 2–10 days, while LSMGO lead times have improved slightly, reducing from 3–5

Strict emissions regulations are reshaping the maritime industry. Accurate data is crucial for compliance, avoiding penalties, and maintaining reputation. Bernhard Schulte Shipmanagement was seeking for a verified data solution to support clients with regulatory compliance.

The maritime industry is steering through

The Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of over 340 ports worldwide, representing over 80% of global volumes. The base point for the indices

The 18th Intersessional Working Group on GHGs has concluded with the GHG levy in combination with a Global Fuel Standard as the most favoured candidate mid-term measure for reducing GHG emissions from shipping, with majority support across the African participants,

Clean

LR2

Following on from the notable improvements MEG LR2’s stagnated this week. The TC1 75Kt MEG/Japan index subsequently floated around the WS125 level and TC20 90kt MEG/UK-Continent assessments paused around $3.4 million.

West of Suez, Mediterranean/East LR2’s of TC15 continued to hold