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Turkey – a case of undeclared bunker

13/07/2020

A Member’s ship was recently held in a Turkish port when customs officials identified a discrepancy between the declared and the actual figures of fuel oil remaining onboard. Upon arrival at the Turkish port, customs officials boarded the ship to

China and India lead Asia’s regasification capacity additions by 2024, says GlobalData

13/07/2020

China and India are expected to dominate Asia's liquefied natural gas (LNG) regasification capacity additions, contributing nearly 60% of the regions' total regasification capacity additions between 2020 and 2024, says GlobalData, a leading data and analytics company.

The company's report,

Athens Up Two Places as International Shipping Center, As Singapore Retains Top Spot for 7th consecutive year

12/07/2020

The Baltic Exchange, in collaboration with Xinhua, the Chinese state news agency, has published the 2020 Xinhua-Baltic International Shipping Centre Development (ISCD) Index. The index, in its seventh edition, provides an independent ranking of the performance of the world’s

VLCCs: Market Firms Up During the Week

12/07/2020

VLCC
Rates firmed this week across the board in this sector. In the Middle East Gulf, 280,000mt to USG via the Cape/Cape routing is assessed three points up at WS25, while rates for 270,000mt to China got the ‘Spinal Tap’

Prime Lake successfully treat wastewater from open loop scrubbers, paving the way for cutting down wastewater from ships

10/07/2020

Prime Lake Technology Sweden AB (“Prime Lake”) has successfully completed a pilot test for the elimination of harmful contaminants found in wastewater generated from open loop scrubbers. The test results, obtained by ALS Scandinavia, verify a significant reduction of Polycyclic

IEA: Casting a shadow on Strong Oil Demand Growth

10/07/2020

The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining

Port of Antwerp limits damage during corona crisis

09/07/2020

Total goods throughput down by 4.9%; first signs of recovery visible

The total throughput of the Port of Antwerp fell by 4.9% in the first half of the year compared to the same period in 2019. After a strong first quarter,

Drop in petroleum demand led to rise in crude oil inventories and low refinery utilization

09/07/2020

The U.S. Energy Information Administration's (EIA) latest Petroleum Supply Monthly shows the significant changes in petroleum markets that occurred in April, when most of the United States was under stay-at-home orders to limit the spread of coronavirus. In April, commercial

Protecting shipowners in the long run: A case for stringent scrubber wash water monitoring

08/07/2020

Installing a scrubber represents a significant investment for a shipowner. With the financial cost of the system and its installation, coupled with the lay-up time – no shipowner can take the decision lightly; with the reduced spread between high-sulfur fuel

After a poor 2020, FPSO awards are set to recover to seven vessels next year

08/07/2020

Hit by the second industry downturn in five years, global awards for floating production, storage and offloading (FPSO) vessels will likely be limited to a single unit in 2020, Rystad Energy believes, as exploration and production firms slash budgets and

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