Clean
LR2
LR’s in the MEG were back to being subjected to downward pressure this week, taking them back to around the same level as a fortnight ago. TC1 sunk 26.39 points, taking the index to WS120.28 and, for a run west

Oil prices firm amid growing supply risks
ICE Brent is trading more than 8% higher than it was before Iran’s missile attack on Israel. However, the bulk of this move occurred on Thursday after President Biden, when asked if he would

Introduction to FuelEU Maritime Regulation

The FuelEU Maritime Regulation is a cornerstone of the European Union’s “Fit for 55” package, a bold policy initiative designed to reduce greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels. This

North America

Dockworkers across the US East and Gulf Coasts ports launched their first major strike in nearly 50 years on Tuesday, raising concerns about potential supply chain disruptions.

While the strike action directly affects container and cargo operations, sources warned that

The architecture of global gas supply security needs to be carefully reassessed

Russia’s full-scale invasion of Ukraine in 2022 triggered the first truly global gas crisis, with natural gas and LNG markets contending with supply disruptions and unprecedented price volatility.

The gas

The North Sea semisubmersible (semisub) market hit 100% utilisation at the height of summer this year, however the reality is that shrinking supply has accentuated this, rather than soaring demand. Drilling contractors have and are continuing to recycle units that

Northwest Europe

Prompt availability of LSMGO remains very tight in Rotterdam and in the wider ARA hub, a trader told ENGINE. Some suppliers in Rotterdam are experiencing barge loading delays. This has stretched lead times for the grade from 3–5 days

The WoodMac team were out in force at last week’s Gastech 2024 in Houston, the gas and LNG industry’s leading conference. Wood Mackenzie is Knowledge Partner for the event, giving us unrivalled exposure to industry leaders, the discussions and debates.

The International Longshoremen’s Association (ILA) has today, Tuesday, gone ahead with strike action at US ports from Maine to Texas and accused ocean container carriers of ‘gouging customers’.

The ILA confirmed the strike in an announcement yesterday, Monday, while at the

Singapore and Malaysia

Despite normal bunker demand, prompt VLSFO availability in Singapore remains tight as some suppliers struggle with low stock levels and terminal loading delays. Several suppliers now recommend lead times of nearly two weeks for the grade. Some can