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News
East of Suez Market Update 21 July
7+ hour, 59+ min ago (544+ words) Regional bunker benchmarks have moved in mixed directions, and availability across all grades is tight in Singapore. IMAGE: Container ship with working crane bridge in shipyard in Singapore. Getty Images Changes on the day to 17.00 SGT (09.00 GMT) today: Singapore's VLSFO…...
Americas Market Update 21 July
9+ hour, 18+ min ago (448+ words) Fuel prices have moved upwards, and potential delays are expected along the US Gulf Coast due to Tropical Storm Bertha. IMAGE: Heavy industrial rigs at a shipyard near Houston, Texas. Getty Images Changes on the day to 08.00 CDT (13.00 GMT) today:…...
Europe & Africa Market Update 21 July
13+ hour, 30+ min ago (452+ words) European and African bunker benchmarks have mostly moved higher, and fuel availability is tight for prompt deliveries off Malta. IMAGE: Tankers during a bunker operation off Malta. Getty Images Changes on the day to 09.00 GMT today: Conventional bunker fuel prices…...
Strait of Hormuz: The unrelenting crisis in the Persian Gulf continues
15+ hour, 48+ min ago (255+ words) The front-month ICE Brent contract continues to trade near the $90/bbl mark as ongoing tensions in the Middle East show no signs of de-escalation. Merchant vessels continue to come under attack while attempting to pass through the Strait of Hormuz,…...
Brent edges higher after Houthis declare maritime embargo on Saudi Arabia
15+ hour, 2+ min ago (283+ words) The front-month ICE Brent contract has gained by $0.56/bbl on the day, to trade at $88.78/bbl at 09.00 GMT. IMAGE: Oil pumpjack. Getty Images Yemen’s Iran-backed Houthi militant group has declared a naval blockade on Saudi Arabia, escalating the US-Iran conflict…...
New front in US-Iran conflict as Houthis impose naval blockade
18+ hour, 18+ min ago (214+ words) Yemen’s Iran-aligned Houthi militants have announced a naval blockade on Saudi Arabia, dragging the US-Iran conflict directly to the Red Sea gateway. IMAGE: Bab al-Mandeb Strait. Getty Images The Houthis have described the maritime blockade as retaliation for the “unjust…...
Singapore’s B30-VLSFO price inches up, VLSFO, LSMGO and HSFO down
19+ hour, 33+ min ago (80+ words) engine.online Singapore’s B30-VLSFO price inches up, VLSFO, LSMGO and HSFO down Singapore price changes on the day to 12.00 SGT (04.00 GMT) today: Please get in touch with comments or additional info to [email protected] Avenir LNG launches first bunker vessel in…...
ABS approves KRISO's nuclear-powered container ship design
17+ hour, 18+ min ago (122+ words) engine.online The American Bureau of Shipping (ABS) has granted an approval in principle (AiP) to the Korea Research Institute of Ships & Ocean Engineering's (KRISO) design for a small modular reactor (SMR)-powered container ship. An SMR is a compact,…...
Avenir LNG launches first bunker vessel in newbuild pair
17+ hour, 47+ min ago (159+ words) UK-based bunker supplier Avenir LNG has launched the first of two new LNG bunker vessels. IMAGE: Avenir LNG's bunker vessel, Avenir Achievement. Avenir LNG Avenir LNG ordered the two 20,000-cbm vessels from Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering last…...
Sea-LNG gets consultative role at IMO
18+ hour, 48+ min ago (164+ words) LNG-focused trade body Sea-LNG has been granted official non-governmental consultative status by the IMO. IMAGE: MSC Cruises' LNG-capable cruise ship MSC World Europa. MSC Cruises The status will allow Sea-LNG to participate in IMO committees, sub-committees and working groups, where…...