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MABUX: Bunker Prices to Keep Moving Higher Next Week

02/02/2024

Following the results of the 05th week, the MABUX global bunker indices demonstrated moderate growth. The 380 HSFO index rose by 13.81 USD: from 502.49 USD/MT last week to 516.30 USD/MT, firmly exceeding the 500 USD mark. The VLSFO index,

ENGINE: Europe & Africa Fuel Availability Outlook

01/02/2024

Northwest Europe

In the ARA hub, securing very prompt delivery dates for HSFO and VLSFO bunker fuel grades may be difficult. A trader recommends lead times of 5-7 days for both grades.
LSMGO availability is much better with some suppliers able to

Global gas industry in the 2050 net zero world

01/02/2024

The global gas market is facing a range of major unknowns. From the current market volatility to the long-term uncertainty of gas demand longevity and the impact of the energy transition.

Wood Mackenzie’s base case assumes that gas demand will be

Seanergy Maritime Achieves Key Partnership with European Union Funding and Major Industry Stakeholders Under SAFeCRAFT t

31/01/2024

Seanergy Maritime Holdings Corp., through its wholly-owned subsidiary Seanergy Shipmanagement Corp., is the first Greek-based shipping company to accomplish a strategic partnership in the European Union Funded SAFeCRAFT Project Consortium (“Safecraft”), a breakthrough initiative concerning the utilization of alternative fuels.

Safecraft

Energy markets are better supplied

31/01/2024

Oil to edge higher but gains to be modest

The bullish outlook for the oil market has softened in recent months, given stronger-than-expected supply growth from non-OPEC producers in 2023. This was predominantly driven by the US. However, growth was also

Ship owners save $8 billion and 41 million tonnes of CO2 with Intersleek® 1100SR, AkzoNobel performance data reveals

30/01/2024

Real-world performance data compiled from ships applied with International® brand Intersleek® 1100SR over the past 10 years shows the coating has slashed ship fuel bills by $8 billion and reduced 41 million tonnes of CO2 emissions.

The world-leading biocide-free, foul release

OPEC: Oil market outlook for 2025

30/01/2024

World economic growth in 2025 is forecast at 2.8%, which points to an improving trend compared to this year’s expected level of 2.6%. Supporting this is an anticipated recovery in OECD economies from low growth in 2024. Non-OECD economies –

Tankers: VLCC Market Maintains Weakness Pattern

29/01/2024

Clean

LR2

LR’s in the MEG have rocketed this week. The 75kt MEG/Japan TC1 index rose almost 115 points to WS353.89 ($101,134 per day TCE round-trip). The 90kt MEG/UK-Continent TC20 run saw rates significantly improve while Red Sea transits have been met

ENGINE: Americas Bunker Fuel Availability Outlook

27/01/2024

North America

Bunker demand has been sluggish in Houston and several other ports along the US Gulf Coast this week due to weather-related disruptions. While a few suppliers in Houston have prompt VLSFO and LSMGO supply available, deliveries of these grades

Thetius Perception Study Unpicks Complexity Of Maritime Pathway To Net-Zero

26/01/2024

Thetius, the marine technology research consultancy, has launched its Maritime Alternative Fuels Barometer, measuring the gaps between the shipping industry’s perception of alternative marine fuels and the reality in terms of availability, supply, technological readiness and impact on emissions. The

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