The announcement on 4 March 2025 that CK Hutchison would be selling its 80% stake in Hutchison Ports Holding to a Blackrock-TiL consortium is set to rocket MSC to the top of Drewry’s Global Terminal Operator (GTO) league table. Hutchison Ports, which is currently owned 80% CK Hutchison and 20% PSA...
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MABUX: Bunker Prices To Continue Their Moderate Correction Path Next Week
At the end of the 10th week, the MABUX Global bunker indices showed a steady downward trend. The 380 HSFO index declined by 12.33 USD, dropping from 513.25 USD/MT last week to 500.92 USD/MT, reaching the 500 USD mark. The VLSFO index fell by 16.57 USD, from 602.42 USD/MT to 585.85 USD/MT, staying...
Canada increases crude tanker exports 59% year-on-year
“Year-to-date, Canadian crude tanker exports have reached 618 thousand barrels per day (kbpd) up from 388 kbpd during the same period last year, an increase of 59%,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. When the Trans Mountain Pipeline extension opened on 1 May 2024 its capacity...
https://www.hellenicshippingnews.com/canada-increases-crude-tanker-exports-59-year-on-year/
Tanker shipping keeps the balance in restless waters
Tanker demand keeps up and diversifies We’re expecting to see another solid year for the tanker shipping segment. General global oil demand continues a mild growth trajectory of 1% year-on-year, with the mix of refined products – shipped in product tankers – gradually changing, with less gasoline,...
https://www.hellenicshippingnews.com/tanker-shipping-keeps-the-balance-in-restless-waters/
VLCC Tanker Market Retreated Last Week
Clean LR2 MEG LR2 freight was resolute this week with much of the industry in London attending International Energy Week. The TC1 75kt MEG/Japan index continued at around the WS120 mark and TC20 90kt MEG/UK-Continent assessments remained around the $3.35m – $3.4m level. West of Suez,...
https://www.hellenicshippingnews.com/vlcc-tanker-market-retreated-last-week/
How the IMO can construct a bridge to a zero-emission future
As negotiators gather at the intercessional working group of the IMO’s Marine Environment Protection Committee next week in London, they should remember that a bridge is only as strong as its pillars. A global fuel standard to reduce carbon intensity, a fixed levy on greenhouse gases, targeted...
https://www.hellenicshippingnews.com/how-the-imo-can-construct-a-bridge-to-a-zero-emission-future/
MABUX: Bunker Prices Should Continue Trending Lower Next Week
At the end of the 9th week, the MABUX Global bunker indices continued their moderate downward trend. The 380 HSFO index dropped by 6.07 USD, declining from 520.49 USD/MT last week to 514.42 USD/MT, steadily approaching the 500 USD mark. The VLSFO index fell by 7.22 USD, reaching 606.07 USD/MT from...
https://www.hellenicshippingnews.com/mabux-bunker-prices-should-continue-trending-lower-next-week/
EU plans to boost green aviation and shipping fuels, but sends worrying signal on 2040 climate goal
T&E reaction to EU Clean Industrial Deal, Action Plan for Affordable Energy, and Omnibus proposal. EU unveils action plan to double down on renewables and electrification; But delay to 2040 target proposal is ominous for climate ambition; Clean Industrial Deal is a boost for green fuels in planes...
Methane Slip – Shipping’s Growing Decarbonisation Threat
As an industry the world’s shipping fleet consumes over 230 million metric tons of fuel per year, which in turn produces 716 million metric tons of CO2-equivalent emissions. However, shipping is in the midst of a major transition to reduce its emissions and become a far more sustainable industry....
https://www.hellenicshippingnews.com/methane-slip-shippings-growing-decarbonisation-threat/
Why 2025 is such an important year for shipping decarbonisation
A quick guide to why 2025 is such an important year for shipping decarbonisation. International shipping is the lifeblood of the global economy, transporting more than 80 percent of all goods. However, the same system that the world depends on for efficient transport comes with an environmental...