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The United States exported record amounts of petroleum products in the first half of 2022


In the first half of 2022 (January–June), U.S. exports of petroleum products averaged nearly 6 million barrels per day (b/d), the most first-half-of-year exports in Petroleum Supply Monthly data, going back to 1973. U.S. petroleum product exports increased in the

Tankers: VLCC Rates Climb Higher, While Products on the Retreat



Freight levels in the Middle East Gulf continued to tumble this week. TC1 shed 30 points to end up at WS240 however the round trip TCE has held over the $50,000 per day. Likewise for voyage west on an LR2,

Oil in a decarbonising world


Oil demand is poised to reach a record high in the next year as it continues to recover from the lows induced by Covid-19 in 2020. But once past the current recession risk, what is the trajectory of demand in

SEA-LNG response to UCL report Exploring methods for understanding stranded value: case study on LNG capable ships


The recent study from UCL; Exploring methods for understanding stranded value: case study on LNG capable ships, is a flawed academic exercise, detached from reality.

ENGINE: Americas Bunker Fuel Availability Outlook


North America
Prompt VLSFO and LSMGO grades are readily available in the Houston area and off the US Gulf Coast. LSMGO can be tight for very prompt (0-3 days) delivery in New Orleans. A supplier has a tight schedule and

MAN Energy Solutions Aims to Halve Own CO2 Emissions by 2030


MAN Energy Solutions has published its Corporate Responsibility (CR) Report 2021 that provides information on its decarbonisation targets. Among these, the company aims to reduce emissions from its own production facilities by 50% by 2030, and specifies its commitment to

Leading shipping banks and marine insurers pave the way for 1.5-aligned emissions benchmarking


The Poseidon Principles have committed to adopting an emissions reduction trajectory in line with net-zero commitments, as soon as such a trajectory or trajectories become available. The Poseidon Principles provide a framework for financial institutions and marine insurers to measure

MABUX: Bunker Prices Could Trend Higher Next Week


Over the Week 38, MABUX global bunker indices continued moderate sliding downward. The 380 HSFO index fell by another 15.93 USD: from 532.70USD/MT last week to 516.77 USD/MT. The VLSFO index, in turn, fell by 11.55 USD: from 794.96 USD/MT

ENGINE: Europe & Africa Bunker Fuel Availability Outlook


• Bunkering suspended in Gibraltar
• ARA fuel oil, gasoil inventories add weight
• Bunker supply normal in Algoa Bay and Durban

Northwest Europe
LSMGO is readily available in the ARA hub with several suppliers now offering prompt deliveries, sources say.

TotalEnergies Marine Fuels Successfully Bunkers CMA CGM Containership with Sustainable Marine Biofuel in Singapore


TotalEnergies Marine Fuels has successfully completed the refuelling of a CMA CGM containership in Singapore with sustainable marine biofuel. This operation marks another milestone in TotalEnergies Marine Fuels’ ambition to become a key biofuel bunker supplier across strategic bunker hubs

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