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MABUX: Bunker Prices Could See More Sideways Action Next Week

15/11/2024

In Week 46, the MABUX global bunker indices shifted back to a moderate downward trend. The 380 HSFO index fell by 7.39 USD: from 529.79 USD/MT last week to 522.40 USD/MT. The VLSFO index decreased by 8.09 USD (601.05 USD/MT

Shipping industry’s decarbonization enhanced by dedicated book and claim registry

15/11/2024

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) and RMI (formerly Rocky Mountain Institute) are launching Katalist, a not-for-profit ‘book and claim’ registry designed to accelerate the shipping industry’s decarbonization journey.

Regulations to reduce the carbon intensity of the

KR, HD KSOE, HD HHI, KSS Line, and Liberian Registry Partner to Develop Safety Guidelines for Ship-to-Ship Ammonia Bunke

14/11/2024

A landmark partnership to develop the safety guidelines for ship-to-ship ammonia bunkering has been established through a Memorandum of Understanding (MOU) between KR (Korean Register), HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai Heavy Industries (HD HHI), KSS

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

14/11/2024

Northwest Europe

Bunker availability is still tight in Rotterdam and the wider ARA hub, a trader said. Lead times for HSFO continue to remain at 7-10 days. VLSFO and LSMGO availability is relatively better, with short lead times of 5-7 days.

The

Lloyd’s Register Maritime Decarbonisation Hub joins call to accelerate adoption of zero-emission fuels by 2030 for a sus

13/11/2024

Global industry leaders build on momentum from previous COPs to strengthen targets and commit to increasing the uptake of zero or near-zero GHG emission shipping fuels to at least 5%, striving for 10%, by 2030.

Lloyd’s Register Maritime Decarbonisation Hub has

ENGINE: East of Suez Bunker Fuel Availability Outlook

13/11/2024

Singapore and Malaysia

Bunker demand has risen in Singapore this week, according to a source. VLSFO availability remains tight, with recommended lead times of around 11 days. Some suppliers can fulfil orders with shorter lead times of around five days, though

Descartes Releases November Global Shipping Report: October Monthly Container Import Volumes Remain Above 2.4M TEUs, Str

12/11/2024

Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released its November Global Shipping Report for logistics and supply chain professionals. The report shows that October U.S. container imports were 2,494,635 twenty-foot equivalent units (TEU), marking the

e1Marine and STAX Engineering Partner on Innovative Barge-Based Emission Capture and Control Project

12/11/2024

e1Marine, pioneers of methanol to hydrogen power for the maritime industry and mobile emissions capture and control leaders, STAX Engineering have announced a collaborative partnership to advance emissions capture and control technology for ocean-going vessels.

This collaboration aims to accelerate the

Tanker: VLCCs Losing More Ground

11/11/2024

Clean
LR2
Tonnage has remained plentiful for MEG LR2’s this week. As a result, we have seen TC1 75kt MEG/Japan drop to less the WS100 for the first time since July 2023, with index dropping 8.61 points WS95.83. The TC20

Wind-assisted propulsion: Charterparty considerations

11/11/2024

While the industry continues its search for fuels that have less GHG emissions, the age-old method of utilising wind to propel ships is starting to come back into use with newer designs and technology. This is certainly a welcome development,

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