Clean Arctic Alliance’s Lead Advisor, Dr Sian Prior and Árni Finnsson from the Iceland Nature Conservation Association are calling on the Nordic Prime Ministers and the German Federal Chancellor to support the call for a ban on heavy fuel oil

Leading global heavy lift shipping and offshore transportation and installation contractor Jumbo, and the world's first commercial, sustainable marine biofuel company GoodFuels, announced a joint initiative to test marine Bio-Fuel Oil on an offshore decommissioning project.

Starting with an initial project,

VLCC
Middle East Gulf rates initially eased, with rates for 270,000mt to China hovering around WS 52/54 region before WS 57 was agreed for ‘East’ discharge. For 280,000mt Middle East Gulf to US Gulf basis Cape to Cape the market

The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance with as many as 24 FPSO awards expected by 2020, driven to a great degree by Brazil.

South America leads the pack with 12

VLCC
Middle East Gulf rates improved significantly on the back of healthy enquiry and typhoons hitting the Far East. For 280,000mt Middle East Gulf to US Gulf, basis Cape to Cape, the market now sits at around WS 25, up

Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers (“VLGCs”), yesterday reported its financial results for the three months ended June 30, 2019.

Highlights for the First Quarter Fiscal Year 2020

• Revenues of $61.2 million and

Asahi Tanker Co., Ltd., Exeno Yamamizu Corporation, Mitsui O.S.K. Lines Ltd., and Mitsubishi Corporation yesterday announced their agreement to create a strategic partnership to provide new infrastructure services in the marine shipping industry that focus on electrically powered vessels. Their

Mitsui O.S.K. Lines, Ltd. yesterday announced that it has joined the Carbon Capture & Reuse (CCR) Study Group and launched the “Cross-industrial Working Group Related to Zero Emission Alternative Ship Fuels.” The working group aims to reduce carbon dioxide (CO2)

VLCC
Middle East Gulf rates improved slightly, with 280,000mt Middle East Gulf to US Gulf, basis Cape/Cape, now at WS 19/19.5 level. 270,000mt Middle East Gulf to China region is now at WS 43.5. For 260,000mt West Africa/China rates have

GasLog Ltd. and its subsidiaries, an international owner, operator and manager of liquefied natural gas (“LNG”) carriers, yesterday reported its financial results for the three-month period ended June 30, 2019.

Highlights

• Delivery of the GasLog Warsaw on July 31, 2019, a