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Tankers: VLCC Market Still Under Pressure



Owners again faced another week of downward pressure across the board. In the Middle East there has been more Contract of Affreightment nominations than fixing on spot market tonnage this week, which hasn’t had any real effect on the list

From January to August China’s import and export trade value was decrease of 3.4% compare to last year


In August 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 143.94 points, down 0.32% from the previous month and up 4.26% year-on-year; the export trade

FuelOpt™ propulsion automation system exceeds fuel saving expectations on RoPax vessels


Pivotal role of propulsion automation technology in supporting greener passenger ship operations confirmed by RoPax operators.

RoPax operators Color Line and Bohai Ferry have confirmed that fuel savings achieved through the use of Lean Marine’s FuelOpt™ propulsion automation system have exceeded

Bunker Market Still Under Pressure, as Demand Slowdown Prevails


The market is assessing the stalled recovery in fuel demand as countries continue to battle the coronavirus pandemic with rolling COVID-19 lockdowns. This has created uncertainty about whether demand for transportation fuels will ever return to normal. The World Bunker

Total and Mitsui O.S.K. Lines Officially Name The World’s Largest LNG Bunker Vessel: “GAS AGILITY”


The world's largest LNG bunker vessel has been officially named at a ceremony held today in Rotterdam. The 18,600-m³ GTT Mark III Flex membrane vessel has been named “Gas Agility”.

First LNG bunker vessel owned by Emerald Green Maritime Limited, a

Oilmar Ventures Into Global Bunker Trading


Amidst global pandemic and socio-political uncertainty looming in various regions around the world, economic depression is natural culmination of topsy-turvy times we are in.

Chinese – German joint venture realizes a flexible and self-sufficient solution for the use of LNG on ships


Best Ship Energy Management Group Ltd. (BSEM), and the Hamburg company TECHNOLOG-MRM have entered into an agreement for the construction, production and sales of the tank container shown above.

BSEM acts as an investor for the project and takes over the

Scrubbers shown to have lower climate impact than low-sulphur fuel


The technology group Wärtsilä, a leading provider of Exhaust Gas Cleaning (EGC) systems for the marine industry, refers its customers to a recent report from CE Delft, an independent research and consultancy organisation, regarding the climate impact of EGCs. The

U.S. crude oil exports have fallen in each month since their record high in February


U.S. crude oil exports reached a record high in February 2020 and have since fallen in each month, based on data through June, according to the U.S. Energy Information Administration's (EIA) Petroleum Supply Monthly. However, U.S. crude oil exports in

New gas tanker form paves the way for revision of ASBATANKVOY


BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) have approved a voyage charter party, ASBAGASVOY, for publication to serve the growing gas tanker industry. Work will now begin to revise ASBATANKVOY, one of the most used

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