India aims to increase the share of natural gas in its energy mix. Keeping this in mind, the government has set a target of 500 Million Metric Standard Cubic Metres per Day (MMSCMD) of gas consumption by 2030. This requires

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) and Vale International SA (VALE; CEO: Eduardo Bartolomeo Headquarters: Rio de Janeiro, Brazil) announced that a 200,000-ton class bulk carrier, currently employed under a mid–term contract for transportation of iron

Artificial Intelligence is the next big thing in energy, dominating discussions at all levels in companies, banks, investment funds and governments. Just as the internet and mobile communications led to higher global economic growth by boosting trade and productivity, AI

The world’s first accreditation* for “Machinery Room Safety for Ammonia” (MRS) will be granted by ClassNK for the ammonia-fueled medium gas carrier (AFMGC) currently being developed by a consortium that includes Nippon Yusen Kabushiki Kaisha (NYK) and Nihon Shipyard Co.,

TecPlata S.A. (TecPlata), International Container Terminal Services, Inc.’s (ICTSI) Argentinian subsidiary, has become the first port in the country to obtain carbon neutral certification.

The certification underscores TecPlata’s commitment to reduce its carbon footprint, promoting responsible resource use, and offsetting unavoidable

North America

Hurricane Ernesto, which formed earlier this week, intensified into a Category 1 storm on Wednesday, with wind speeds reaching 80 miles/hour by nightfall, according to the National Weather Service (NWS). The storm is projected to strengthen further by Friday.

In

Clean
LR2

LR2 freight in the MEG continued to shuffle along at the current floor reached last week. The 75Kt MEG/Japan TC1 index remained in the mid WS130’s while the 90kt MEG/UK-Continent of TC20 comparably held at the $4.2m mark. West of

During Week 33, the MABUX global bunker indices resumed a moderate upward trend, marking the first increase in four weeks. The 380 HSFO index rose by USD 13.13: from USD 516.68/MT last week to USD 529.81/MT, once again surpassing the

Northwest Europe

Availability across all three grades is normal in Rotterdam and in the wider ARA hub. Most suppliers can offer prompt delivery dates in these ports, a trader told ENGINE. Lead times of 3–5 days are generally recommended in the

It is very likely that conflict in the Middle East will escalate in the coming weeks/months. Although impossible to foresee, military engagement is likely to be focused in Southern Lebanon and Northern Israel.

Notably, the U.S. is moving military forces to