Global shipping supply chains are facing significant disruptions due to the ongoing conflict in Gaza, attacks on ships by Houthi militias, and Russia’s invasion of Ukraine.
North America
Bunker demand has remained low in Houston this week. Availability of all fuel grades has been normal for prompt supply in Houston. Several suppliers can deliver stems with lead times of 5-7 days. HSFO needs a longer lead time
EU storage building at slower pace
EU gas storage remains comfortable at 75% full, which is well ahead of the five-year average of 65%. The pace of net injections over May and so far in June are below levels seen during
The Panama Canal celebrated the eighth anniversary of its expansion program today by announcing an increase to its draft and daily transits, all while continuing to manage the impact of climate variability and the challenge of securing water for the
Over the Week 26, the MABUX global bunker indices continued moderate upward movement. The 380 HSFO index rose by 3.87 USD: from 550.62 USD/MT last week to 554.49 USD/MT. The VLSFO index increased by 8.97 USD (647.49 USD/MT versus 638.52
In 2023, energy production in the United States rose 4% to nearly 103 quadrillion British thermal units (quads), a record. Energy consumption in the United States fell 1% to 94 quads during the same period. Production exceeded consumption by 9
The integration of the shipping sector into the European Union Emissions Trading System (EU-ETS) marks a pivotal step towards a more sustainable and decarbonised maritime industry. However, this new regulation brings substantial costs and compliance challenges for ship owners. Oceanly,
Northwest Europe
Availability is normal in Rotterdam and in the wider ARA hub. Lead times of 3-5 days are recommended for all three grades, consistent for last week, a trader said.
The ARA’s independently held fuel oil stocks have averaged 1% lower
After months of preparation, Blue World Technologies is proud to announce the successful testing of the world’s first 200 kW high-temperature PEM fuel cell module. The test was completed at the newly established test facilities in connection to the Blue
Singapore and Malaysia
In Singapore, most suppliers now indicate lead times of up to nine days for VLSFO, although some can manage deliveries within as little as four days. This represents a significant improvement compared to the previous week, when traders