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MABUX: Bunker Prices Expected to Remain Steady

09/02/2024

Over the 6th week, the MABUX global bunker indices showed a moderate decline. The 380 HSFO index fell by 8.74 USD: from 516.18 USD/MT last week to 507.44 USD/MT, approaching the 500 USD mark. The VLSFO index, also decreased by

Can a single maritime AI research project cut 1% of total global emissions? NAVTOR thinks so

09/02/2024

Pick your jaw up off the floor, as NAVTOR’s Bjørn Åge Hjøllo explains how the Green AI for Sustainable Shipping (GASS) initiative promises to transform the ability of shipowners and operators to slash fuel consumption, emissions and OPEX, ushering in

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

08/02/2024

Northwest Europe

LSMGO availability is good for prompt delivery dates of 2-4 days in the ARA, according to a trader. Longer lead times of 5-7 days are recommended for HSFO and VLSFO grades.
The ARA’s independently held fuel oil stocks averaged 14%

US Federal LNG Permit Halt May Limit Capacity, No Effect on Existing LNG Project Ratings

08/02/2024

The ratings of US liquefied natural gas (LNG) projects, which are all fully operational and/or have secured permits, are not affected by the Biden administration’s recently announced pause in new LNG export project permitting, Fitch Ratings says. However, a longer-term

Suez Canal toll earnings set to continue falling, as vessels re-route around the Cape of Good Hope

07/02/2024

As we enter in to the third month of escalating conflict in Yemen this has prompted significant rerouting of vessels with far-reaching consequences for global trade and transport and the latest trade data from Veson Nautical indicates a notable shift

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

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