The 75th session of the Marine Environment Protection Committee (MEPC 75), which took place online from 16 to 20 November 2020, continued the deliberations on reduction of greenhouse gas (GHG) emissions from shipping, but also adopted amendments to MARPOL Annex

Record high volumes and freight rates between the Far East and the US West Coast (USWC) have caused a spike in the number of containers leaving the Port of Los Angeles empty in a rush back to the Far East,

The ongoing energy transition combined with the effects of Covid-19 will drive future oil demand to lower levels than what was expected just months ago. As a result, a plethora of planned refinery additions will far exceed closures towards 2025,

Stealthgas Inc., a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the third quarter and nine months ended September 30, 2020.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

Fleet

Risavika LNG front month has dropped by 5.6 % week on week to 23.30 EUR/MWh on mild weather last week. Supply situation remains stable in Europe, while demand was comparably low during November. However, beginning of December is forecasted to

Titan LNG, a world-leading independent LNG supplier, has launched a free-to-use LNG-delivered prices overview, together with a fuel basis energy compare sheet.

Uniper Energy DMCC (UED) and Neutral Fuels have announced that they will collaborate to provide maritime biofuel in Fujairah, UAE. Both leaders in their fields, UED supplies very low sulfur fuel oil (VLSFO), and Neutral Fuels, winner of the ADIPEC

GreenSteam, a leading provider of vessel performance optimisation solutions for the shipping industry, yesterday announced the launch of GreenSteam Capture, a new mobile app designed to automatically log and upload fuel consumption data and reduce errors in fuel consumption reporting.

Data

Minerva Bunkering and Hafnia completed the first ever bunker delivery conducted entirely over Minerva’s new Advanced Delivery Platform (ADP). The ADP is an innovative solution comprised of integrated hardware and software designed and developed by Minerva and its technology partner

VLCC

Rates remain rooted across much of the sector. In the Middle East, 280,000mt to USG via the Cape/Cape routing continues to be assessed at W15 and 270,000mt to China is still hovering around WS26. In the Atlantic, rates for 260,000mt