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ENGINE: East of Suez Bunker Fuel Availability Outlook

07/02/2024

Singapore and Southeast Asia

Five suppliers out of the large pool of suppliers in Singapore are struggling to meet delivery schedules. This has resulted in constrained availability and delays in deliveries. Currently, it’s taking nearly two weeks for VLSFO delivery, compared

Ammonia attracts the shipping industry, but researchers warn of its risks

06/02/2024

Switching to ammonia as a marine fuel, with the goal of decarbonisation, can instead create entirely new problems. This is shown in a study from Chalmers University of Technology in Sweden, where researchers carried out life cycle analyses for batteries

New e-fuels project to make international shipping climate-neutral

06/02/2024

Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where companies and researchers from Europe will develop and convert a bulk carrier to sail on

Supporting precision navigation in Milford Haven

06/02/2024

As the UK’s leading energy port, Milford Haven serves as a busy gateway for ships, crew and cargo. The UK Hydrographic Office (UKHO) has been working closely with the Port of Milford Haven to develop more precise digital chart coverage

Tankers: VLCC Market Steady Throughout the Week

05/02/2024

Clean

LR2

LR’s in the MEG lost some steam this week and freight rates took a downturn. The 75kt MEG/Japan TC1 index dropped 31.66 points to WS322.78. The 90kt MEG/UK-Continent TC20 run to the UK-Continent also came down $212,500 to $8.475 million.

West

UCC reform: FEPORT welcomes IMCO’s understanding of the challenges relating to temporary storage of goods

05/02/2024

FEPORT is supportive of the EU Commission’s UCC revision proposal. This reform is crucial to harmonize the current Customs framework. It should allow for the simplification of customs rules and procedures and further harmonize risk management thanks to the introduction

ENGINE: Americas Fuel Availability Outlook

03/02/2024

North America

Demand for all fuel grades has been normal in Houston this week. VLSFO and LSMGO grades are generally in good supply with suppliers in the Houston area. Most suppliers can deliver stems with lead times of 5-7 days. HSFO

EMEA Ports’ Freight Volumes Redistributed Following Red Sea Attacks

03/02/2024

Reduced shipping via the Red Sea and re-routing around Africa following attacks on commercial ships has led to volumes being redistributed from ports in the affected area to terminals in the UAE and Africa, Fitch Ratings says. Larger operators with

Zero Emission Shipping Fund proposal submitted to UN to deliver on shipping’s net zero targets

02/02/2024

The International Chamber of Shipping (ICS) has submitted a detailed, fit-for-purpose proposal to shipping’s global regulator, the UN International Maritime Organization (IMO), for a Zero Emission Shipping Fund (ZESF).

In recognition of the urgency to move forward with workable solutions to

MABUX: Bunker Prices to Keep Moving Higher Next Week

02/02/2024

Following the results of the 05th week, the MABUX global bunker indices demonstrated moderate growth. The 380 HSFO index rose by 13.81 USD: from 502.49 USD/MT last week to 516.30 USD/MT, firmly exceeding the 500 USD mark. The VLSFO index,

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