North America

Bunker fuel demand has increased in Houston this week as many buyers rushed to book supplies ahead of the US Independence Day holiday on Thursday. Additionally, Hurricane Beryl is expected to make landfall on the US Gulf Coast over

This year’s Concentrated Inspection Campaign (CIC), running from 1 September until 30 November 2024, prioritizes seafarers’ basic rights on board ships, and will be carried out on the topic of crew wages and Seafarer Employment Agreements (SEAs) under MLC. Read

New partnership on digital integration will help reduce emissions and support compliance for an initial 55 bulk carriers.

NAPA’s Voyage Optimization and CII Simulator digital systems will be deployed on an initial 55 bulk carriers in the fleet managed by Union

Large scale route diversions as a consequence of the Red Sea/Suez Canal crisis have seen deadweight demand for crude and product tankers increase by 5.5% and 4.5% respectively in 2024.

In its Q2 2024 report, MSI finds that the market is

Northwest Europe

LSMGO demand has been muted in Rotterdam and in the wider ARA hub, according to a trader. Availability of all bunker fuel grades is said to be normal in the ARA hub, with lead times of 3-5 days generally

Singapore and Southeast Asia

Bunker demand in Singapore has been “quiet” so far this week. Lead times for VLSFO have seen significant fluctuations recently, with most suppliers now advising up to 14 days. However, some can accommodate stems within four days.

Consort Bunkers Pte. Ltd., ClassNK, Yanmar Asia (Singapore) Corporation Pte Ltd, and Taiko Asia Pacific Pte. Ltd. have signed a Memorandum of Understanding (MOU) to accelerate towards introduction of more bunkering ships capable of handling alternative fuels.

Singapore-based Consort Bunkers placed

Daphne Technology’s innovative SlipPure™ system has been awarded Approval in Principle (AiP) from Lloyd’s Register (“LR”) for its Plasma-Catalytic technology, with LR witnessed results confirming its performance. This recognition marks a significant milestone in the fight against methane slip in

With emissions regulations getting ever stricter, many ship owners are turning to alternative fuels to power their vessels. Liquified natural gas (LNG) is proving a popular choice – and for good reason. Want to know more about LNG as fuel?

Clean

LR2

MEG LR2’s were subject to downward pressure this week. The TC1 rate for 75Kt MEG/Japan dropped 17.5 points to WS180.56 and the 90kt MEG/UK-Continent TC20 voyage is went from $6.08m to $5.89m. West of Suez, Mediterranean/East LR2’s continued to be