Late last year 24 countries, with a combined output in excess of 51 million b/d agreed to cut or cap

Newbuilding delays are a common in shipping. Slippage can often be prompted by the owner who wants to delay the

Without the sale of two VLCCs in the final quarter of last year, tanker deadweight recycling totals would have been

There have been several surprises throughout 2016. Some are good, like Leicester City’s Premier league victory, some are best not

It’s safe to say 2016 has been a challenging year for product tanker owners. 2015 benefited from new refineries firing

With the dust starting to settle following last week’s OPEC deal, all eyes now focus on two key issues, compliance,

OPEC has surprised the markets yet again. Just as oil was falling earlier in the week on speculation a deal

The upgrading of Indonesia’s refining industry has been one of the government’s top priorities for nearly two years. The largest

As we approach the last few weeks of 2016, we can get a pretty good idea on what will be

Last week the IMO’s Marine Environment Protection Committee (MEPC) met to set the implementation date to reduce the global sulphur