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A recent survey by Reed Smith reveals that transport professionals believe it will take over 15 years to achieve 100% sustainable fuels, with fossil LNG expected to serve as a transitional fuel for the next three to five years. The survey, involving up to 50 respondents, highlighted cost, sustainable energy, and inadequate infrastructure as major

The price spread between high and low sulphur fuel oil (HSFO and VLSFO) is at its lowest since the global sulphur cap began in early 2020. Currently, the Hi5 spread is about $67, reducing the premium earnings for scrubber-fitted ships. Research from Braemar indicates that earning premiums for eco scrubber-fitted VLCCs have dropped to under

The shipping sector is increasingly embracing alternative fuels, with a notable uptick in orders for cleaner ships at the start of 2024. DNV’s Alternative Fuels Insight (AFI) platform reported five new orders in March, including two for methanol and ammonia-fueled vessels each, and one for an LNG-fueled ship. Despite a quieter month in March, the

Wärtsilä predicts that sustainable marine fuels might become more cost-effective than traditional oil-based bunkers by 2035, considering emission regulations such as carbon pricing mechanisms. Despite fluctuations, EUA prices are expected to rise over the long term, with the EU aiming for climate neutrality by 2050. Brussels plans to introduce FuelEU Maritime regulations next year, tightening

Lloyd’s Register Fuel Oil Bunkering Analysis and Advisory Service (FOBAS) issued a bulletin on Wednesday (6 March) underscoring the necessity for Bunker Delivery Notes (BDNs) to specify the flashpoint value of fuel if it falls below 70°C starting from 1 May 2024. This directive follows an approved amendment to MARPOL Annex VI. Over the years,

The Red Sea crisis has caused ocean freight rates to surge at a faster pace than the initial months of the Covid-19 pandemic, with numerous shippers being informed that certain contract terms will not be honored. Xeneta, a prominent ocean freight intelligence platform, released evidence demonstrating that shipping costs on key routes from the Far

The US-led naval coalition operating in the Red Sea has issued a warning to all ships, urging them to steer clear of the Bab el-Mandeb strait, as reported by the shipping association Intertanko. This advisory comes amid escalating attacks by Yemen’s Houthi militants on commercial vessels in the region and retaliatory actions by the US

The Panama Canal’s governing authority has announced under Advisory to Shipping No. A-54-2023 they will be raising the number of daily transits through the Canal from 22 to 24 beginning in January given the improved weather conditions. This adjustment is a reaction to the Gatun Lake’s current conditions, i.e. the water level was abnormally low

Although scrubbers are a contentious topic in the maritime business, those who have invested in them have unquestionably reaped significant financial benefits. Scrubbers have saved $12 billion in the container industry alone, according to Danish liner consultancy Sea-Intelligence. This computation was predicated on the idea that a specific proportion of vessels equipped with scrubbers would