“Sometimes it pays to be a little wild.” That advice from President Donald Trump, given in his 1987 book ‘The Art of the Deal', gives an insight into his decisions on tariffs over the past two weeks.

The announcement on 2

Clean
LR2
MEG LR2’s rates have been slightly reduced this week. The TC1 75kt MEG/Japan index slipped 2 points to WS124.44 and TC20 90kt MEG/UK-Continent has fallen about $85,000 to just below the $3.5m level.
West of Suez, Mediterranean/East LR2’s

As the maritime industry moves towards zero-emission operations, ammonia and hydrogen are gradually emerging as suitable ship fuels due to their carbon-free emissions. These new fuels require a change of mindset in terms of design, operations and crew competence, all

On Friday 11th April 2025, the International Maritime Organization (IMO) achieved another important step towards establishing a legally binding framework to reduce greenhouse gas (GHG) emissions from ships globally, aiming for net-zero emissions by or around 2050.

The IMO Net-zero Framework

During the first quarter of 2025 (1Q25), crude oil prices generally decreased while U.S. refinery margins initially increased before decreasing in the final month of the quarter. In this quarterly update, we review petroleum markets price developments in 1Q25, covering

A full transition to greener refrigerated containers (“reefers”) could reduce greenhouse gas emissions by up to 3.74 million tons of CO₂-equivalent per year, according to a new White Paper developed by the Kuehne Climate Center and GIZ, equivalent to the

As the maritime industry moves towards zero-emission operations, ammonia and hydrogen are gradually emerging as suitable ship fuels due to their carbon-free emissions. These new fuels require a change of mindset in terms of design, operations and crew competence, all

Singapore and Malaysia

Bunker availability in Singapore has improved. VLSFO lead times have shortened from 6–18 days last week to 7–10 days now, while HSFO lead times have decreased from 7–11 days to 6–9 days. LSMGO remains readily available, with recommended

U.S. imports of petroleum products decreased by 210,000 barrels per day (b/d) in 2024 to average 1.8 million b/d. Imports of all major transportation fuels, such as motor gasoline, diesel, and jet fuel, as well as other products, such as

From May, the Mediterranean Sea is becoming the fifth Emission Control Area (ECA) globally, following the Baltic, North Sea, North America and the US Caribbean Sea. New requirements for bunker usage in the area will disrupt fuel oil demand in