According to the latest ABS research, geopolitical instability, scalability of fuel production and retrofits to existing vessels are key factors impacting the shipping industry’s journey to net zero by 2050.

The sixth in an annual series, the 2024 Outlook, Beyond the

Clean

LR2

MEG LR2’s saw freight levels fall off again this week. The TC1 rate for 75kt MEG/Japan sunk 30 points to WS240.56 and the 90kt MEG/UK-Continent TC20 voyage went from $7.79 million to $6.8 million.

West of Suez, Mediterranean/East LR2’s improved for

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How do electric vehicles affect global oil demand?
With the penetration of electric vehicles in new car sales skyrocketing in several countries, peak oil demand – the point in time when the highest level of global crude demand is reached

North America

Bunker demand has been normal in Houston this week. Availability is currently stable in Houston, with 5-7 days of lead time generally recommended for all grades. However, some suppliers are expressing concerns about potential bunkering delays due to rough

Shale gas has revolutionised the US gas industry over the last 15 years. Huge volumes of low-cost upstream gas have helped push coal out of the power generation mix and underpinned the burgeoning global trade in US LNG exports. The

Over Week 22, the MABUX global bunker indices still did not have a clear trend and changed sideways. The 380 HSFO index rose by 7.38 USD: from 543.89 USD/MT last week to 551.27 USD/MT. The VLSFO index, on the contrary,

The complex decarbonised systems of the future will require autonomous management systems for viable exploitation. These were among some of the key insights shared with delegates at a one-day Automation Summit, part of Singapore Maritime Week earlier this year, which

Total throughput at China’s ports continued to increase in 1Q24, likely because recovering demand in the US and EU boosted container throughput, Fitch Ratings says.

China’s total cargo throughput rose by 6.1% yoy in 1Q24, supported by foreign trade volume, while

Northwest Europe

Availability of HSFO and VLSFO is normal in Rotterdam and in the wider ARA hub, with a trader recommending lead times of 3-5 days for both grades. LSMGO prompt supply has been relatively tighter in the ARA hub.

The ARA’s

Gasum and Norway-based global energy company Equinor have signed a long-term contract whereby Gasum continues to supply LNG to Equinor’s dual-fuel chartered fleet of vessels. This agreement builds on the success of the previous contract Gasum has had with Equinor.