Asia’s spot fuel oil benchmarks steadied on Wednesday after the market’s recent downtrend, while overall trading momentum was largely thin. Spot premium for very low sulphur fuel oil (VLSFO) inched slightly higher on Wednesday, after slumping to near parity levels to...

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Several low-carbon hydrogen and ammonia tenders in the Asia-Pacific region are expected to provide crucial insights into the readiness for clean fuel trades in 2025, as well as the pace of the energy transition toward an anticipated commercial stage around 2030,...

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Oil products inventories at the UAE’s Port of Fujairah dropped 9.6% in the week ended Dec. 9, again led by a plunge in heavy distillates and residues used as fuel oil for shipping and power generation, according to Fujairah Oil Industry Zone data published Dec. 11....

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Russia’s Novatek-owned Yamal LNG plant has deployed the LNG tanker Axios II for ship-to-ship operations in the Barents Sea, LSEG data shows. The Axios II, which sails under the Marshall Islands flag, was built by South Korea’s Hyundai Heavy Industries 329180.KS and...

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The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses to a 15-month low on Wednesday, dragged down by losses across all vessel segments. The index, which factors in rates for capesize, panamax and...

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