SEA-LNG and its members welcome the ongoing discussions at IMO to establish technical and economic measures to achieve the 2023 IMO Strategy on Reduction of GHG Emissions from Ships. Despite the limited time remaining before MEPC83, we remain confident that

At the end of the 11th week, the global bunker indices MABUX did not have a stable trend and changed in different directions. The 380 HSFO index rose by 6.23 USD: from 495.53 USD/MT last week to 501.76 USD/MT, once

Northwest Europe

Securing very prompt availability of HSFO and VLSFO remains a challenge in Rotterdam and the wider ARA hub. Lead times of 5-7 days are advised for both grades in the port, a trader said. Prompt LSMGO availability is comparatively

China's era of rapid oil fuels growth appears to be at an end

As the Chinese economy and domestic transport sector undergo significant transformations, demand for the most widely consumed oil-based fuels – including gasoline, jet fuel and diesel – declined

The Approvals in Principle granted by American Bureau of Shipping (ABS) and DNV on an independent evaluation basis, come with no show-stopper conditions, affirming the viability and safety of the Pherousa Ammonia Cracking technology onboard ships with PEM Fuel Cells

VLSFO lead times in Singapore vary widely between 3–12 days, compared to last week's recommendation of 5–12 days. Meanwhile, LSMGO lead times have shortened from 5–9 days last week, to 2–4 days now. HSFO supply remains stable, with lead times

The development of Vaca Muerta oil reserves,1 one of the largest shale gas and oil deposits in the world, combined with production incentives, tax exemptions, labor concessions, and other supportive government policies, is adding significant value to the country's trade

The Eastern Mediterranean (East Med) is a global gas hotspot, with Egypt, Israel and Cyprus at the heart of the action. Wood Mackenzie estimates the region holds some 80 tcf of advantaged remaining gas resources close to energy-hungry markets.

Despite having

Clean
LR2
MEG LR2s showed positive signs of recovery this week with increased activity. The TC1 75kt MEG/Japan index ticked up 6.11 points to WS130 and TC20 90kt MEG/UK-Continent assessments remained around the $3.3m level.
West of Suez, Mediterranean/East LR2s

Could we see dramatically higher implied volatility in crude oil options in the coming months? In Q2 2025, OPEC+ will have to revisit its production cuts, which have taken 3.5 million barrels of oil per day off the market, costing