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No cover for old methanol

24/08/2024

In the insurance dispute MOK Petro Energy FZC -v- Argo (No. 604) Ltd & others (F1) [2024] EWHC 1935 (Comm), the Court has carefully examined the cause and timing of alleged cargo contamination and provided helpful analysis of Sections 10

Strikes at U.S. Ports and Canadian Railways Threaten North American Supply Chains

24/08/2024

The looming labor strikes at Canadian railways and U.S. East and Gulf Coast ports are set to cause significant disruptions to North American supply chains. The strikes are expected to create severe operational challenges for the container logistics industry, leading

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

23/08/2024

· HSFO is tight in the ARA
· Supply is tight in Las Palmas
· Low LSMGO demand in Nacala

Northwest Europe

VLSFO and LSMGO availability is normal in Rotterdam and in the wider ARA hub. HSFO availability is slightly tight, a trader said.

MABUX: Bunker Outlook, Week 34, 2024

23/08/2024

Over the Week 34, the MABUX global bunker indices resumed a moderate downward trend.

The 380 HSFO index fell by 6.69 USD: from 529.90 USD/MT last week to 523.21 USD/MT.

The VLSFO index decreased by 13.16 USD (618.36 USD/MT versus 631.52 USD/MT

ENGINE: East of Suez Bunker Fuel Availability Outlook

22/08/2024

· VLSFO and HSFO availability remains tight in Singapore
· Several South Korean ports could face weather disruptions
· Bunker demand is low in Fujairah

Singapore and Malaysia

VLSFO availability in Singapore remains tight, with several suppliers advising lead times of 7-13 days, consistent

Is India’s 2030 gas consumption target feasible?

22/08/2024

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

World’s 1st Installation of Rotor Sail on a Capesize Bulk Carrier for VALE

21/08/2024

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 and the future of energy

21/08/2024

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

World’s First Machine Room Safety Accreditation for Ammonia Fueled Ammonia Gas Carrier to Be Granted by ClassNK

20/08/2024

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 is carbon neutral – ICTSI’s 5th carbon neutral terminal, Argentina’s 1st

20/08/2024

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

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