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ENGINE: Americas Bunker Fuel Availability Outlook

20/01/2024

North America

Bunker demand has slowed in Houston and in several other ports along the US Gulf Coast this week amid ongoing weather-related disruptions. Prompt VLSFO and LSMGO supply is available with a few suppliers in Houston. However, bunker deliveries there

Industry-first Sustainable Marine Fuel Confidence Index identifies ‘here and now’ gaps and challenges in evolution of ne

19/01/2024

The Sustainable Marine Fuel Confidence Index (SMF Confidence Index), launched today (18 January), captures a ‘moment in time’ view of how confident shipping and marine fuel industry stakeholders are that the key components required for maritime’s energy transition, such as

MABUX: Bunker Prices Could Increase Next Week

19/01/2024

During Week 03, the MABUX global bunker indices displayed an inconsistent trend, fluctuating in various directions. The 380 HSFO index fell by 7.37 USD: from 511.60 USD/MT last week to 504.23 USD/MT. The VLSFO index, in turn, lost 2.30 USD

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

18/01/2024

Northwest Europe

Prompt LSMGO availability is good in Rotterdam and in the wider ARA hub. Lead times of 2-4 days are recommended for the grade, sources say.

Lead times of 5-7 days are recommended for VLSFO and HSFO.

The ARA’s independently held fuel

OPEC Bullish on Oil Demand Growth in 2024

18/01/2024

Crude Oil Price Movements

The OPEC Reference Basket (ORB) value fell by $5.92, or 7.0%, m-o-m in December, to average $79/b. The ICE Brent front-month contract dropped by $4.71, or 5.7%, m-o-m, to $77.32/b, and the NYMEX WTI frontmonth contract fell

ENGINE: East of Suez Bunker Fuel Availability Outlook

17/01/2024

Singapore

Prompt VLSFO availability remains tight in Singapore amid strong demand for the grade. At least eight suppliers are grappling with tight delivery schedules, which has added to the supply pressure. Lead times for VLSFO have increased from 9-13 days last

2024 Business Forecast: Tech-Driven Optimism Meets Rising Geopolitical Challenges

17/01/2024

Despite the challenges of 2023 and escalating geopolitical tensions, business leaders remain surprisingly optimistic for 2024, according new research from Economist Impact and DP World, unveiled today at the World Economic Forum.

The primary driver is a growing belief that technology

Sea launches Carbon Exposure solution for pre-fixture decision-making

16/01/2024

Sea, the intelligent marketplace for fixing freight, is launching a Carbon Exposure solution that will enable customers to effectively measure and integrate their carbon exposure calculations with emissions targets. This addition to Sea’s all-in-one platform for pre-fixture workflows will enable

What a second Trump term could mean for US oil and gas

16/01/2024

“Nothing is more uncertain than the general public,” the Roman orator Cicero said, and it is as true now as it was in 62 BCE. The next US presidential election is still almost 10 months away, on 5 November, and

Tankers: VLCCs on the Rise

15/01/2024

Clean

LR2

LR’s in the MEG continued their downward track this week. The 75Kt MEG/Japan TC1 index dropped another 15.78 points to WS153.61. The 90kt MEG/UK-Continent TC20 run to the UK-Continent also came down $393,000 to $4.525 million.

West of Suez, Mediterranean/East LR2’s

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