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ENGINE: Americas Bunker Fuel Availability Outlook

North America Bunker demand in the US Gulf port of Houston is strong, and prompt availability of all three conventional fuel grades is tight.

  • North American bunkers in high demand, particularly at Houston port
  • Supply of HSFO, LSMGO, and VLSFO tight with 5-8 day notice periods
  • US East Coast sees increased bunker demand at New York port

Marine insurers lose billions supporting Hormuz energy flows: IUMI

Insurance companies have lost billions to cover war risks for shipping during the ongoing US-Iran conflict to support global energy trades, despite a jump in headline premium rates, according to a…

  • Marine insurers face $2 billion losses from US-Iran conflict coverage.
  • Strait of Hormuz crossings drop to 20 daily, down from over 130.
  • Governments implement measures to support marine insurers in crisis.

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