The LNG industry is on a roll. The ‘club’ continues to grow as new buyers swell the ranks. LNG commoditisation is increasing market liquidity, supported by a growing number of traders, hedge funds and NOCs. What’s more, capital remains available

Access to clean maritime fuels is a top priority for the decarbonisation of the shipping sector. The recently published Draghi report on the Future of European Competitiveness identifies shipping as one of the most difficult sectors to decarbonise, requiring around

In Week 37, the MABUX global bunker indices continued their downward trend for the second consecutive week. The 380 HSFO index fell by USD 15.81, from USD 507.08/MT last week to USD 491.27/MT, breaking through the USD 500 mark. The

As APPEC kicks off there have been various reports and thought pieces expressing a doubtful tomorrow for the world’s oil markets as crude prices continue to falter. A similar picture is reflected on crude tanker freight rates, which continue to

Northwest Europe

HSFO availability has improved in Rotterdam, a trader told ENGINE. HSFO supply was tight for very prompt delivery dates (0–2 days) last week, but supply has improved now. Some suppliers in the port experienced HSFO loading delays at oil

Greek shipping companies are set to face a total bill of over €175m in penalties incurred under FuelEU Maritime after it takes effect next year but can also capitalise on the use of alternative fuels both to curb their financial

Singapore and Malaysia

VLSFO availability in Singapore has tightened, with lead times now extending up to 11 days. While prompt deliveries are still possible, they generally come at a higher price compared to those for dates further out.

Some suppliers are facing

Ammonia is fast becoming a potential alternative fuel for the future of green shipping but new fuels consultancy Stream Marine Technical (SMT) says there is still a long way to go in the development of the fuel as it takes

Demand fears weigh on oil

Oil prices saw a fair amount of volatility in August. In fact, implied volatility in ICE Brent hit a year-to-date high during the month. Several supply risks have arisen, providing a short-term boost to prices. However,

Clean

LR2

MEG LR2s seem to have found a base, with rates holding on the TC1 (75Kt MEG/Japan) at the WS115-116 level, while rates for the 90kt MEG/UK-Continent TC20 voyage hovered

around the $4,000,000 mark. West of Suez, the Mediterranean/East LR2s were somewhat