ABS has completed an industry-leading safety evaluation of ammonia dispersion on board an ammonia-fueled gas turbine LNG carrier design from Hanwha Ocean.
ABS, in collaboration with Hanwha Ocean, conducted computational fluid dynamics simulations that modeled different ammonia release scenarios due to
In launching its World Energy Outlook 2024 (WEO), the IEA stated that “the future of the global energy system is electric.” This follows its assertion that demand for coal, oil and gas will peak by the end of the decade.
Clean LR2 LR’s in the MEG began showing signs of recovery after some time paused at WS115. TC1 ticked up 10.28 points at the end of the week to WS125.28 and for a trip west on TC20 the index climbed $56,646 to
The global refinery intake has witnessed a gradual rising trend so far in 2024 and reached a year-to-date (y-t-d) high of 82 mb/d in August, albeit this was 600 tb/d lower, y-o-y. In September, however, this trend reversed, with the
North America
VLSFO and LSMGO availability is normal in Houston. Lead times of five days are recommended for both grades in the port. Prompt HSFO availability is tight, with lead times of up to 7-8 days recommended for the grade, a
Key takeaways
Since the outbreak of the conflict in Gaza last October, spikes in oil prices have been short-lived as oil production has largely been undisrupted — but this could change if Iranian energy infrastructure is damaged.
In addition, global oil inventories
In Week 42, the MABUX global bunker indices experienced a general decline. The 380 HSFO index fell by USD 7.63, moving from USD 536.99/MT last week to USD 529.36/MT. The VLSFO index decreased by USD 15.69 (USD 607.98/MT versus USD
NS United Kaiun Kaisha, Ltd. (NSU) and Vale International SA (Vale:) have reached an agreement to install rotor sails (H:35m x D:5m x 5 unites) manufactured by Anemoi Marine Technologies Ltd. (Anemoi) on 400,000dwt-type VLOC, NSU TUBARAO(the Ship), which has
Northwest Europe
Bunker fuel availability has improved slightly compared to the past few weeks in Rotterdam and in the wider ARA hub, a trader told ENGINE. But securing prompt stems remains a challenge with lead times unchanged at 5–7 days for
Regional conflicts and geopolitical strains are highlighting significant fragilities in today’s global energy system, making clear the need for stronger policies and greater investments to accelerate and expand the transition to cleaner and more secure technologies, according to the IEA’s