Clean

LR2

LR’s in the MEG have regained some strength this week. The 75kt MEG/Japan TC1 index rose almost 10 points to WS133.61 (about $25,000/day TCE). The 90kt MEG/UK-Continent TC20 run to the UK-Continent also recovered, rising almost $200,000 to over $3.6m.

West

As risks of cargo diversion to the detriment of EU ports are becoming more and more real with the upcoming entry into force beginning of 2024 of EU ETS for shipping, FEPORT members who gathered in Antwerp for the General

Following a partnership between Dealfeng New Energy Technology and Haiyue in October 2022, the installation of a one set of 4m x 16m Dealfeng Rotor Sails on a 5,000-ton class product oil tanker has been completed. The vessel will be

TECO 2030 has successfully injected its fuel cell system with hydrogen and created emission free hydrogen-electric power. The 400kW module represents the most compact and energy dense system available for marine vessels and other heavy-duty equipment.

By 2030, the target is

North America

Houston’s demand for bunker fuel has decreased this week after a spike in demand last week. Availability of both VLSFO and LSMGO has been good, and some suppliers can deliver both grades within 3-5 days. Prompt HSFO supply is

Oil and gas producers face pivotal choices about their role in the global energy system amid a worsening climate crisis fuelled in large part by their core products, according to a major new special report from the IEA that shows

The Parliament has listened to reason and in a vote on CO2-regulation of heavy-duty vehicles decided to reject the Carbon Correction Factor (CCF). The CCF would have accelerated the use of much in-demand green fuels in land transport. A sector

Northwest Europe

Prompt supply of HSFO is said to be tight in the ARA bunkering hub, requiring lead times of around 7-9 days. Suppliers’ barges are encountering loading delays there, a trader says.

The ARA’s independently held fuel oil stocks have averaged

Marfin Management S.A.M., the Monaco based Dry-Bulk ship manager, has successfully concluded an initial three month trial of SulNOxEco Fuel Conditioner, developed by the UK’s SulNOx Group PLC. Earlier this year Constantine Logothetis, co-founder of Lomar Shipping owner Libra Group,

The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The Strait of Hormuz is the world’s most important oil chokepoint because large volumes of oil flow through