Drewry’s World Container Index increased 1% to $2,725 per 40ft container this week. Our detailed assessment for Thursday, 02 May 2024 The composite index increased 1% to $2,725 per 40ft container this week and has increased by 55% when compared with the same week last year. The latest Drewry WCI composite index of $2,725 per …
During the 18th week, the MABUX global bunker indices showed sideways movement without a sustained trend. The 380 HSFO index rose by 7.20 USD, climbing from 550.35 USD/MT last week to 557.55 USD/MT. Conversely, the VLSFO index continued to decline: minus 6.51 USD (681.25 USD/MT versus 687.76 USD/MT last week). The MGO index fell by …
MABUX: Bunker Price Volatility Will Remain Next Week Read More »
Sunil Krishnakumar, Senior Technical Manager at the International Chamber of Shipping, provides his key insights on the newly released Engine Room Procedures Guide, Second Edition, by ICS. The shipping industry has embarked on a transformative journey, actively working towards a sustainable future and a safer environment. With a strong commitment to reducing greenhouse gas emissions, …
Shaping a safer and sustainable future for shipping Read More »
Commodity trading house Trafigura has ordered four medium gas carrier ships that can be powered by ammonia to cut shipping emissions, with the first vessel to be delivered in 2027, the company said in a statement. By 2030, Trafigura aims to cut the carbon intensity of its shipping fleet by 25%. The newbuild vessels will …
Trafigura orders four ammonia-powered ships, first one to come in 2027 Read More »
As climate change intensifies, I’ve noticed a notable increase in extreme weather events hampering critical shipping routes and waterways from the Rhine to the Mississippi. From prolonged droughts to unprecedented floods, these incidents are no longer a rare occurrence, but part of a longer-term and more severe pattern that will undoubtedly impact the maritime industry …
In what could prove to be bad news for Indian exporters, Yemen’s Iranian-backed Houthis are extending their attacks on merchant shipping hundreds of miles out into the wider Indian Ocean, with international maritime experts reportedly warning of a new round of threats from Yemen after the Houthis conducted a drone strike against a container vessel …
Houthis may strike more ships beyond Red Sea: Bad news for exports? Read More »
Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, provides an update on its Joint Development Agreement (“JDA”) with biofuel specialists, Vertoro BV (“Vertoro”). Quadrise has been collaborating with Vertoro since September 2022 to incorporate their novel and cost-effective sustainable biofuels in bioMSAR™. Following the successful production and testing of …
Quadrise And Vertoro Commit To Accelerating Sea-Trials Of Sustainable Marine Fuels Read More »
As Mexico continues to see HSFO output surge and exports hit record highs, the US Gulf Coast is poised to remain the primary recipient of cargoes for the foreseeable future, sources said. The most recent company data from Pemex – the Mexican state-owned energy producer – shows fuel oil production continues to rise sharply as …
USGC expected to see steady HSFO imports from Mexico amid rise in production Read More »
Optimarin is expanding its position in the market for ballast water treatment systems with a deal to acquire peer player Hyde Marine from De Nora Marine Technologies that will significantly boost its installed base of BWTSs and give Hyde customers access to its global aftersales network. The Norwegian ballast water treatment specialist has entered into …
Singapore’s onshore fuel oil stockpiles fell to more than five-month lows in the week to May 1, sliding for a second consecutive week, data showed on Thursday. Inventories STKRS-SIN stood at 17.83 million barrels (2.81 million metric tons), down 5.9% from the previous week, Enterprise Singapore data showed. Fuel oil supply arrivals into East Asia …
Singapore fuel oil stockpiles hit more than five-month lows Read More »
