At the end of the 14th week, the global bunker indices (MABUX) maintained a moderate upward trend. The 380 HSFO index increased by 5.94 USD, rising from 503.31 USD/MT last week to 508.53 USD/MT, staying above the 500 USD mark.
Spot differentials for fuel oil were little changed on Thursday, while onshore inventories at Singapore climbed to their highest in
U.S. crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million barrels per day (b/d). Despite this new record, crude oil export year-over-year growth slowed to 1% in 2024, compared with
ClassNK has issued an approval in principle (AiP) for an Onboard Carbon Capture and Storage system (OCCS) developed by Mitsubishi
At a recent ceremony in China, MAN Energy Solutions signed a framework agreement with COSCO Shipping Heavy Industry Co., Ltd.
A car carrier with a capacity of 7,000 vehicles has been delivered to Kawasaki Kisen Kaisha, Ltd. (“K” LINE) on
Reacting to the news that the U.S. has withdrawn from International Maritime Organization talks in London looking at advancing decarbonisation
The United Nations shipping agency is on the cusp of introducing binding regulations to phase out fossil fuel use in
The Royal Niestern Sander shipyard in the Netherlands has ordered 2 × MAN 16V175D MEM engines (2,400 kWm/1,800 rpm) in