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ICS gives backing to IMO Net-Zero Framework to provide clarity, simplicity, and detail on rewards

In April, the International Maritime Organization’s (IMO) member states took a historic step by agreeing to the Net-Zero Framework (NZF) – the world’s first global emissions price for an entire industry. This was a landmark step towards decarbonising international shipping and one that the International Chamber of Shipping (ICS) has been advocating for and fully …

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HSFO spot market discounts widen

Asia’s high sulphur fuel oil (HSFO) spot market widened on Thursday and the market structure deepened in contango even as fuel oil stocks decreased at the Singapore trading hub. Singapore 380-cst HSFO cash differential was pegged at a discount wider than $6 a metric ton, and the 180-CST cash differential traded at a discount of …

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