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U.S. wholesale natural gas spot prices fell to record lows in first half 2024


The average monthly wholesale spot natural gas price at the U.S. benchmark Henry Hub fell by 20% to $2.56 per million British thermal units (MMBtu) between January and June of this year, according to data from Refinitiv Eikon. In January,

Supply shift: End of Ukraine gas transit sets the stage for LNG and pipeline diversions


The European Union (EU) targets a ban on Russian fuel imports by 2027. However, nearly half of Russia’s pipeline gas supplies to Europe and Moldova are still passing through Ukraine, totaling 13.7 billion cubic meters (Bcm) in 2023. As the

Tankers: VLCC Tanker Market Steady Last Week


LR’s in the MEG we subject to downward pressure this week. The 75Kt MEG/Japan TC1 index dropped 12.78 points to WS160.28. Similarly, for a 90kt MEG/UK-Continent TC20 run freight has come down half a million dollars to $5,230,000.
West of Suez,

ESP Code updated – New survey requirements for bulk carriers and oil tankers


To align with the latest revision of the ESP Code (as amended by IMO Res. MSC.525(106)) and IACS Unified Requirements (UR Z10.1/.2/.4/.5), DNV has updated the periodical survey requirements. These new requirements will be in force for surveys commenced on

Americas Fuel Availability Outlook


North America
Earlier this week, Houston and other US Gulf Coast ports removed all port restrictions, allowing barge traffic to move both ways, according to a source. Since many loaded tankers and bunker barges were unable to leave oil terminals last

Russia’s crude exports navigate demand shifts and sanctions


Russian seaborne crude exports have sharply declined in the first two weeks of July, reaching 2.7mbd, the lowest since December 2022. As Russia’s domestic refineries ramp up to meet summer seasonal demand, a decline in exports during this time of

Dual Fuel fleet additions continue to rise: Increase of c.72% year-on-year comparing 2018 vs 2023


Owners are shifting to dual fuel systems in order to achieve net-zero emissions and comply with current environmental standards in the maritime sector and utilising the Fleet Database feature of the VesselsValue platform, we examine the annual deliveries of Dual

MABUX: Bunker Prices Expected to Return to Higher Ground Next Week


Over Week 29, the MABUX global bunker indices continued moderate downward movement. The 380 HSFO index fell by 2.58 USD, from 557.31 USD/MT last week to 554.73 USD/MT, remaining in the range of 550-560 USD. The VLSFO index decreased by

Caspian trial powers SulNOx to COP29


SulNOx, the green fueltech group active in shipping, mining and road transport, has concluded a successful extended trial with Caspian Marine Services B.V.

The UK-listed company, which helps industry reduce emissions, lower fuel costs and meet sustainability targets, supplied two CMS

ENGINE: Europe & Africa Bunker Fuel Availability Outlook


Northwest Europe
Prompt supply of HSFO has been tight in Rotterdam since last week, according to a trader. The availability of the high-sulphur grade is tight because of delays in the arrival of replenishment cargoes. Lead times of 5–7 days are

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