As discussions on a mid-term market-based measure continue at this week’s intersessional meeting of the IMO Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 17), a document has been submitted by IAPH to the IMO presenting the findings

Singapore and Malaysia

VLSFO availability in Singapore remains limited, with lead times stretching up to 13 days. While some suppliers can still accommodate stems within as little as four days, this usually comes at a higher price compared to stems with

The oil and gas industry has pursued energy transition avenues to decarbonize its operations. However, heightened energy security fears amid the Ukraine war have brought back the focus on fossil fuels, which has led companies to scale down their energy

Clean
LR2
LR’s in the MEG showed the optimistic beginnings of freight improvement this week after a somewhat lengthy lull. TC1 added 10.84 to its value points leaving the index currently at WS140.28 with the Baltic TCE for the run crept up

Energy giant BP’s maritime arm BP Shipping, shipping company CMA CGM, and LNG containment technology expert GTT have joined the Methane Abatement in Maritime Innovation Initiative (MAMII).

The three new members bring MAMII’s membership to 23, which includes Lloyd’s Register, JP

In a panel discussion called by the World Economic Forum in Gothenburg, Sweden on Monday, APM Terminals Chief Executive Officer, Keith Svendsen, addressed the need to ‘kick-start’ the eco-system in ports to enable the greater use of renewable energy sources.

As the maritime industry accelerates efforts to decarbonise, the Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC) is set to play a key role in reducing emissions from large container vessels. The potential demand for sustainable variants of methane and methanol

North America

Demand for HSFO has seen a slight increase in Houston this week, with suppliers able to deliver stems within a lead time of 5-6 days.

In contrast, demand for VLSFO and LSMGO has been relatively lower. Most suppliers can meet

The International Maritime Organization’s Marine Environment Protection Committee (MEPC) meets in-person for its 82nd session at IMO Headquarters in London (with hybrid participation) from 30 September to 4 October, 2024.

MEPC 82 will discuss a range of environmental matters, including proposed

Technology group Wärtsilä, in partnership with Chevron Shipping Company LLC plans to convert one engine on six of Chevron Transport Corporation Ltd.’s LNG Carriers from dual-fuel (DF) to spark gas (SG) operation. The conversions are intended to reduce greenhouse gas