VLCC Improved volumes have tightened the supply of vessels, enabling owners to regain some of the recent lost ground. The Middle East Gulf sector saw rates flat in the first half of the week, then progressive rises midweek with rates
The whole world has been brought to a standstill due to the outbreak of the deadly COVID19 pandemic. The economic impact of this has been largely disruptive with only those sectors categorized as essentialservices being permitted to undertake business operations
This month we talked to Mr. José Luis Cacho, President of the Ports of Sines and the Algarve (APS). He told us about his long-term vision for the ports, the impact of the COVID-19 crisis on the port sector, and
The British Ports Association has published new research examining the barriers to shore power in UK ports, setting out three proposals to support the industry to meet ambitious emissions reductions targets.
Shore power, also known as cold ironing, is the provision
ExxonMobil is introducing Mobilgard™ 540 X, the latest addition to its advanced MobilGard™ cylinder oil range. The lubricant is specifically formulated for use with both 0.10% and 0.50% sulphur fuels and liquefied natural gas (LNG) and will be available from
Port of Antwerp brought seven leading chemical and energy companies together at the end of 2019 to reduce CO2 emissions and take practical steps in the transition to a sustainable, low-carbon port. The consortium consists of Air Liquide, BASF, Borealis,
Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers (“VLGCs”), yesterday reported its financial results for the three months and fiscal year ended March 31, 2020.
Highlights for the Fourth Quarter Ended March 31,
According to the latest analysis by Wood Mackenzie, China's oil demand will recover to 13 million barrels per day (b/d) in Q2 2020, a 16.3% jump compared to Q1 this year.
However, comparing year-on-year (YoY), Q2 2020 demand is about 2.5%
Shipowners see ammonia and hydrogen as the most attractive fuel options for the long term, according to an ABS survey. Nearly 60 per cent of respondents said they viewed hydrogen and ammonia as the most attractive fuel choices in the
The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 220 ports worldwide, representing over 75% of global volumes. The base point for the indices is January