SRC Group and GREEN MARINE have signed a collaborative agreement which brings two of the strongest advocates of methanol as a marine fuel together to develop and deliver Methanol Superstorage to market.

The cooperation aims to realise benefits available to SRC’s

Fitch Ratings has maintained most of its oil and gas price assumptions, reflecting broadly unchanged market fundamentals.

Our base-case oil price assumptions have not changed. While Brent crude oil prices reached USD90 a barrel in April due to increased tensions in

Using SMART port technologies to facilitate ‘just in time’ ship arrivals has the potential to reduce greenhouse and pollutant gas emissions significantly at global container ports. Drewry’s latest research shows that targeting investment at ports with a disproportionate amount of

Vessel owners know that they need to decarbonise their operations, but how can they choose the right decarbonisation strategy for their operational profile and business case? Three simple steps with a trusted expert is all it takes.

The International Maritime Organization’s

Clean

LR2

MEG LR2’s saw a mixed reaction on freight levels this week. The TC1 rate for 75kt MEG/Japan recovered four points to WS200.56 while the 90kt MEG/UK-Continent TC20 voyage fell by $168,750 to $5,925,000.

West of Suez, the Mediterranean/East LR2’s did not

Despite some economic activities’ weakness in few key economies in 1Q24, (i.e. US and Japan), the steady global economic growth has continued in 1H24. Growth in non-OECD economies has held up quite well, and even better-than-expected in the BRIC economies.

European gas storage is forecast to reach 100% by the end of September and remain full until the end of October, with an additional 4 million tonnes per annum (mmtpa) of floating storage also accumulated according to a new report

North America

Bunker demand has remained good in Houston and several other locations along the US Gulf Coast this week. Availability of all fuel grades has been normal for prompt supply in Houston. Several suppliers in Houston have ample VLSFO and

TECO 2030 together with BLOM Maritime and Samskip receive a grant for a pre-project aiming to retrofit Samskip’s vessel Kvitnos with TECO 2030 fuel cells and hydrogen fuel. This innovative project aims to significantly reduce emissions from this LNG-fueled vessel,

Kongsberg Maritime has unveiled its radical new ‘Super-Efficient Bulker’ vessel design concept. The new design is set to redefine industry standards, offering ship owners the means to meet stringent future compliance targets without abandoning conventional fuels.

In response to the growing