Physical commodity trade and the market conditions around it. Incoterms, bills of lading, letters of credit and escrow, alongside bunker and marine fuel trends and the sanctions and tariff shifts that move Southeast Asian cargo flows.
A fuel can meet the sulphur limit, arrive with correct paperwork, and still wreck an engine. Since the 0.50% cap reshaped the bunker pool, the operational risk moved from compliance to compatibility, and it is managed before the hose is connected rather than after. By MarineCraft Journal · 11 September 2026 · … Read more
Demurrage is the cost of a ship waiting, and on a petroleum cargo it accumulates fast enough to erase a trade’s margin in a couple of days. It turns on one question that sounds simple and rarely is: when did the clock actually start? By MarineCraft Journal · 8 September 2026 · … Read more
Two ships bunkering the same grade on the same day, in ports a few hundred miles apart, can pay materially different prices. Crude explains the general level. Almost everything interesting happens in the layers stacked on top of it. By MarineCraft Journal · 21 August 2026 · 9 mins read 0.50%the sulphur … Read more
Fuel is the largest single cost of running most ships, and it is the one that moves. Understanding what actually drives the price of very low sulphur fuel oil, and how that price reaches your operating account, is worth more than watching a daily quote. By MarineCraft Journal · 20 August 2026 … Read more
Three letters in an oil contract decide who pays for the voyage, who insures the cargo, and who carries the loss if it is spilled or stolen. FOB, CIF, and DES are the ones the trade leans on, and each hides a trap that has cost buyers and sellers real money. By … Read more
A bill of lading is receipt, contract, and title all at once. Where ownership really transfers in an oil trade, and why Letters of Indemnity carry real risk.
