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Tankers: VLCC Market Lower Last Week

04/11/2024

Clean
LR2
MEG LR2’s have been subject to bearish sentiment over the last week with tonnage plentiful. Freight levels have dwindled as result, TC1 75kt MEG/Japan has taken a 12.5-point tumble to WS105 and TC20 90kt MEG/UK-Continent shed another $200,000

FuelEU: The impact on vessel sale and purchase contracts

04/11/2024
So far, most of the discussion on FuelEU has centred on a vessel’s fuel requirements and how shipowners can

Unsure about CII compliance? Here’s how energy saving technologies can help

04/11/2024

Energy saving technologies can lower your fuel bill and reduce vessel emissions. But which ones are best for CII compliance?
The International Maritime Organization’s Carbon Intensity Indicator (CII) regulations have set ambitious targets for reducing carbon intensity in the shipping

Saudi: Bahri posts solid growth in first 9 months; net profit up 40%

04/11/2024

The National Shipping Company of Saudi Arabia (Bahri), the kingdom’s leading shipping and logistics provider, today (October 31) announced its

Dirty Tonne Days VLCC

02/11/2024
This week’s focus highlights a decrease in the growth of dirty tonne days throughout this year at a pace

G E Shipping enters into contract to sell medium range product tanker Jag Padma

02/11/2024

Great Eastern Shipping Company (G E Shipping) said that it has entered into a contract to sell its 2005-built medium

Asia Fuel Oil-Upbeat spot activity; markets cautious on Dec fundamentals

02/11/2024

Asia’s fuel oil markets continued to see a flurry of spot activity in the trading window on Friday amid higher

Make clean fuels available: European Shipowners and Transport & Environment call to prioritise energy transition of ship

02/11/2024

In a joint statement released today, European Shipowners and European green transport group Transport & Environment (T&E) call upon EU leaders to prioritise clean fuel production as part of the upcoming Clean Industrial Deal.

The Draghi Report estimates that €40 billion

Americas Fuel Availability Outlook

02/11/2024

North America

In Houston, bunker fuel availability is tight until next week, as many suppliers are fully booked. Both VLSFO and LSMGO are in high demand, and lead times have now extended beyond the usual window. Buyers are advised to plan

Samsung Heavy Industries Secures $390 Mil. Contract for Four Suezmax Tankers

02/11/2024

Samsung Heavy Industries Co. announced on Nov. 1 that it has secured a significant contract to supply four Suezmax tankers

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