Spot premiums for high sulphur fuel oil (HSFO) fell for a second straight day in Asia, while very low sulphur fuel oil (VLSFO) was largely stable. Singapore’s cash premium for 380-cst HSFO was pegged below $8 a metric ton, while cracks closed lower from the previous...

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Gard is the lead insurer on the hull cover for oil tanker Front Eagle, which caught fire after a collision with another tanker near the Strait of Hormuz. Gard confirmed to The Insurer that it leads the vessel’s hull cover and directed any further questions to Front...

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The Strait of Hormuz is a key waterway that lies between Oman and Iran, and connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The US Energy Information Administration (EIA) describes it as the “world’s most important oil transit chokepoint.” At its...

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DNV’s whitepaper explores the design and operational factors influencing WAPS fuel savings and provides steps for evaluating the technical feasibility of new systems, from concept to implementation. The paper includes two case studies in EU waters modeling how...

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Marine war risk rates for ships transiting Israeli waters have spiked to around 0.7% following the escalation of tensions with Iran on Friday, three senior marine market sources told The Insurer. The sources said that rates in relation to Israel had trebled relative...

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While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks. Geopolitical risk has spiked following Israel’s surprise bombardment of the Islamic Republic...

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