Clean LR2 LR2 freight in the MEG was steady with modest improvement this week. The TC1 75kt MEG/Japan index climbed from WS140 to WS147.5. A TC20 90kt MEG/UK-Continent trip also ticked up $12,500 of value to $3.93 million. West of
Pressure is mounting on the global shipping industry to improve its ships’ energy efficiency in the face of new greenhouse gas regulations. In April 2025, the International Maritime Organization (IMO) introduced a new landmark decarbonization framework, slated for adoption in
Furetank is now taking a crucial step towards fossil freedom, operating its EU-based fleet on biogas. A large-scale agreement for
The FuelEU Maritime regulation opens new pathways for the shipping industry to dramatically cut greenhouse gas emissions. The Swedish tanker shipping company Furetank is now taking the lead, reducing its own emissions to a fraction through biogas operations and launching
Asia’s spot differential for very low sulphur fuel oil (VLSFO) was steady on Friday, after posting four consecutive sessions of
North America Bunker fuel demand in the Americas has remained steady, with no sharp spikes in growth or slump. The US East Coast has seen a small influx in demand over the past week, a bunker trader told ENGINE.
Bunker fuel
Frontline plc, yesterday reported unaudited results for the six months ended June 30, 2025:
Highlights
• Profit of $77.5 million, or $0.35
Atlantic Towing Limited has achieved a major milestone in its decarbonization journey with the successful retrofit of the Atlantic Shrike.
A tanker carrying liquefied natural gas from Russia’s sanctioned Arctic LNG 2 plant has moored at an import terminal in
Foreign Minister Abbas Araghchi has stressed that closing the Strait of Hormuz is not Iran’s official position, underlining that Tehran’s