BAR Technologies is expanding its WindWings® portfolio with the launch of new 20m and 24m models, designed to save 0.7 tonnes of fuel per day per WindWing® on average, on worldwide routes. Building on the global success of the 37.5m

From January to July of 2024, the container throughput of Chinese ports was 190.9 million TEU, a year-on-year increase of 8.3%. In July, the container throughput of Shanghai Port was 4.84 million TEU, a year-on-year increase of 15.1%; the container

Clean

LR2

MEG LR2’s once again were subject to downward pressure this week. The TC1 rate for 75Kt MEG/Japan dropped another 14.17 points to WS115.83 while the 90kt MEG/UK-Continent TC20 voyage also dipped by $100,000 to $3,984,560.

West of Suez, the Mediterranean/East LR2’s

VLSFO prices have rebounded though they are still close to recent lows.

Since February, Singapore VLSFO prices have traded within the range $570-650/mt, and now are closer to the low of this range. Rotterdam prices have followed a very similar trend,

Geopolitical downside risk to oil production can have sizeable effects on oil price uncertainty and the global economy. This column argues, however, that it is not a major driver of macroeconomic fluctuations because large shifts in such risk are rare.

On 23 August, one day before Ukrainian Independence Day, the United States’ Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced new measures to degrade Russia’s wartime economy. With this latest action, the US sanctioned almost 400 entities

North America

Bunker fuel demand has picked up in Houston this week and availability of all fuel grades has been good for prompt dates. Most suppliers can offer VLSFO and LSMGO stems with a lead time of 5-7 days in Houston.

VLSFO

During Week 35, the MABUX global bunker indices resumed a moderate upward movement. The 380 HSFO index rose by USD 5.83, moving from USD 523.35/MT last week to USD 529.18/MT. The VLSFO index increased by USD 16.99 (USD 635.76/MT versus

Northwest Europe

HSFO continues to be tight for very prompt delivery (0-2 days) in Rotterdam and the wider ARA hub, according to a trader. Availability is normal for VLSFO and LSMGO, with some suppliers offering both grades for prompt dates. Lead

Over the past few years, the Namibian Orange Basin has emerged as an exciting new oil province and subsequently a provider of significant new demand and future demand potential for deepwater drilling rigs.

According to Westwood’s Wildcat, “the Upper and Lower