Northwest Europe

LSMGO availability is good for prompt delivery in the wider ARA hub. Recommended lead times are 2-4 days for the bunker fuel grade, according to a trader.

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

The Maritime and Port Authority of Singapore (MPA) has selected the Pyxis Energy Pte Ltd, Pyxis Maritime Pte Ltd and SP Mobility Pte Ltd partnership, Seatrium O&G (International) Pte Ltd, and Yinson Electric Pte Ltd, for their vessel charging concepts

A study published today in IOP Publishing’s journal Environmental Research: Infrastructure and Sustainability has found that green ammonia could be used to fulfil the fuel demands of over 60% of global shipping by targeting just the top 10 regional fuel

Singapore
Despite average bunker demand in Singapore this week, the availability of VLSFO remains constrained, leading to extended lead times of 9-13 days. Several suppliers are facing challenges in meeting delivery schedules, contributing to longer delivery lead times.

In contrast, HSFO availability

Denmark has announced its Green Fuels Alliance India (GFAI) initiative in a bid to boost collaborative efforts between the two countries in the sustainable energy solutions sector and advance their joint global goal towards carbon neutrality.

Led by the Danish Embassy

A significant development is now under way in the European Union (EU), which could potentially impact businesses involved in the import, export, transport or distribution of natural gas and LNG globally. The EU is proposing a set of new regulations

Clean

LR2

LR’s in the MEG had a sharp downturn this, albeit short, week for Baltic Rate publications. The 75Kt MEG/Japan TC1 index lost 23 points to WS169.44. The 90kt MEG/UK-Continent TC20 run to the UK-Continent also shed $275,000 to $4,940,000.

West of

Tighter oil market in the second half of next year
Going into 2024, the market has been concerned about a looming surplus in the first quarter of next year, driven by seasonally weaker demand. However, at their last meeting, OPEC+ took

North America

Bunker demand has picked up this week in Houston and several other ports along the US Gulf Coast after a period of subdued demand during the holidays last week.

Availability of both VLSFO and LSMGO has gotten tighter in Houston,

European storage at record levels

The European gas market couldn’t have entered the 2023/24 heating season in better shape. The heating season started with storage essentially 100% full. And while storage has started to draw, it is doing so at a