VLSFO, HSFO supply is tight in Zhoushan; bunker demand picks up across South Korean ports; availability good across several Sri Lankan ports.
Companies will work together to expand Shell Marine’s lubricants and services business in the Netherlands, serving shipowners, operators and other local customers.
Appointment comes as the company seeks to strengthen its marine fuels trading presence in the Middle East and other markets.
LBM swings to $43-48/mt premiums over LNG in Rotterdam; potential pooling value of LBM’s surplus drops $53-62/mt; LSMGO undercuts LNG and LBM in Rotterdam.
MPA is investigating the source of the oil after its aerial surveillance confirmed several patches of oil off Pulau Sebarok, Pulau Semakau and Selat Pauh.
Sharp rise primarily driven by higher profit contribution from the firm’s core resale business and certain physical locations, which continue to benefit from increased bunker fuel prices and global supply dynamics.
Ports of Long Beach and Los Angeles have released a joint study identifying LNG and methanol as the two most viable clean marine fuels for the near and medium term.
Powered by electric batteries and recharged with certified renewable electricity, the barge is expected to avoid approximately 778 tonnes of CO₂ emissions annually.
The 8,585 DWT vessel is the third of four sister methanol-ready IMO II bunker tankers developed under Fratelli Cosulich Marine Energy's fleet expansion programme.