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VLCC: Tonnage Supply Drops as Fixtures on the Rise

31/05/2020

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

COVID-19 and its India Impact: Issues, Green Shoots and Way Forward

31/05/2020

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

Port pro of the month: José Luis Cacho (PT)

29/05/2020

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

BPA: Green Maritime Fund Critical to Emissions Reductions

29/05/2020

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 introduces next-generation multi-fuel marine cylinder oil, Mobilgard™ 540 X

28/05/2020

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

Antwerp @ C investigates potential for halving CO2 emissions in Port of Antwerp by 2030

28/05/2020

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,

Hatjipateras Hails “Strongest Position Ever” for Dorian LPG Ltd.

27/05/2020

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,

China’s Q2 2020 oil demand shows signs of recovery

27/05/2020

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%

Owners Tell ABS Hydrogen and Ammonia Are the Most Attractive Long-Term Fuel Options: Two Thirds Have No Decarbonization

26/05/2020

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

Drewry: Container Port Throughput Index in April Still Lagging the Level of January

26/05/2020

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

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