•3-year framework agreement signed for the reduction of Scope 3 emissions

•25,000 tons CO2e emission avoidance executed in July 2025

•Use of second-generation biofuels via “book and claim” approach

Advancing the global ammonia supply network through STS technology

On September 2, a ship-to-ship (STS)* ammonia transfer was executed from the ammonia carrier Berlian Ekuator — owned by NYK and time-chartered by Mitsui & Co., Ltd. — to the ammonia carrier Eco Enchanted, operated by Trammo, Inc., a leading ammonia trader.

Τις βραδινές ώρες χθες, ενημερώθηκε η Λιμενική Αρχή της Καρύστου για ακυβερνησία λόγω μηχανικής βλάβης ενός δεξαμενόπλοιου (Δ/Ξ) σημαίας Αγίου Μαρίνου με 12μελες πλήρωμα και κενό φορτίου στην θαλάσσια περιοχή του στενού Καφηρέα.

COSCO has announced this week they will not move away from services into the USA despite the incoming USTR port charges, they have pledged to not pass on these extra costs to customers, but as time goes on the fees will increase each year, so we shall have to see.

Clean

LR2

LR2 freight levels in the MEG softened further this week. The TC1 75kt MEG/Japan index dropped from WS117.22 to WS111.94 by the end of the week, the corresponding TCE returns went from $23,829/day to $21,903/day basis Baltic Description.

Capesize

The Capesize market retained an overall firmer tone through the week, though momentum eased into the close. The BCI 5TC advanced from just under $28,000 at the start of the week, pushing through the $30,000 threshold before easing slightly to finish at $30,076.