Bunker fuels are more readily available in Singapore, Zhoushan and Busan this week. Lead times for stems in Singapore have come down, as the pressure bunker delivery schedules has eased after the Lunar New Year holiday. Singapore’s bunker demand has fu…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
In February 2020, BP announced that it aims to be “net zero across its operations on an absolute basis by 2050 or sooner”. In April 2020, Shell announced “we aim to be a net-zero emissions energy business by 2050 or sooner”. These ambitions relate to t…
Scope 3 emissions: how the freight industry will transition to net zero Read More »
China’s increasing production of paraxylene will reduce imports from South Korea and Japan, putting pressure on freight rates on intra-Asia routes in 2021. Paraxylene is the second-largest organic chemical carried by chemical tankers. In 2020, paraxyle…
China’s self-sufficiency in paraxylene to impact chemical shipping market in 2021 Read More »
With the softening of peak LNG winter demand in Asia, we believe the spotlight is back on supply and demand fundamentals of LNG shipping. LNG spot prices have nosedived after surging in December and early January as winter demand is receding. LNG spot …
Why are LNG shipping stocks retreating after a brief surge? Read More »
Initiative to support South European shipowners and operators in navigating compliance around impending EEXI requirements. Lloyd’s Register (LR) has opened a decarbonsation advisory centre in Athens, Greece, to assist its clients in meeting current and…
LR launches decarbonisation advisory centre in Greece Read More »