Global Bunker Fuel and LNG Market Update – Week 37

HSFO and VLSFO declined, while MGO saw a modest gain; indices showed signs of moderate growth. Shipments reached 9.33 million tons in August,...

Davie Defense Launches $1 Billion “American Icebreaker Factory” In Texas

Davie Defense plans a $1 billion overhaul of the Gulf Copper shipyard in Galveston to create the “American Icebreaker Factory” for U.S. Coast...

Mitsui O.S.K. Lines Shifts Routes as Inflation and Policy Risks Mount

Shipping companies are adapting to geopolitical disruptions by exploring new trade routes and markets. Mitsui O.S.K. Lines has scaled back operations through the...

Lessons Learned: Fatal Accident During Vessel Cargo Hold Maintenance

According to the Hong Kong Marine Department, a fatal accident occurred on board a bulk carrier during cargo hold cleaning operations. The incident highlights...

Liquid Wind Highlights CCU’s Role in Building a Circular Carbon Economy

CCU can cut reliance on fossil carbon and contribute up to 15% of global emissions reductions by 2070. Liquid Wind applies CCU to...

China Shipping & Sinopec Mark Methanol Fuel Milestone in Yangtze River...

China Shipping & Sinopec Suppliers completed China’s first ship-to-ship methanol bunkering operation along the Yangtze River. Over 2,000 metric tonnes of methanol were...

Lloyd’s Register Approves KNCC’s Elevated Pressure CO₂ Transport Solution

Lloyd’s Register granted AiP to KNCC for its Elevated Pressure LCO₂ containment system. The system reduces reliance on ultra-low temperatures, simplifying vessel design. ...

Fujairah Stockpiles Reverse Trend, Led by Significant Rise in Heavy Distillates

Oil product inventories at the UAE's Port of Fujairah have seen a significant rebound, increasing by 10% in the week that ended on September...

Capesize and Panamax Markets See Rate Increases Amid Tight Tonnage

Both the Atlantic and Pacific basins are showing robust demand and tightening tonnage, which is driving up rates and giving owners the advantage in...

VLCC Rates Fall, Suezmax and Aframax Maintain Ground

After having roared into the WS 80’s MEG/East rates have dropped back into the low WS 70’s, by and large led by oilco-trader relets...