VLCC
Despite healthy enquiry, rates have only modestly nudged up, with 270,000mt from the Middle East Gulf fixed at WS 40 and WS 42 to China. Yeosu discharge subsequently went at WS 39.75. Going west, the market remained steady at

NYK and Nippon Yuka Kogyo Co. Ltd., an NYK Group company, have jointly developed a new fuel-oil additive for low-sulphur compliant fuel-oil that meets SOx emission requirements. Yunic 800VLS (patent pending) is Japan's first additive for very low sulfur fuel

Yesterday Energy and Environmental Research Associates released a white paper co-authored by Drs. James J. Corbett and Edward W. Carr of the University of Delaware on the economic effects of the International Maritime Organization’s (IMO) 2020 standards to cap sulfur

Yesterday, NYK, together with Kyushu Electric Power Co. Inc., Saibu Gas Co. Ltd., and The Chugoku Electric Power Co. Inc., successfully conducted a truck-to-ship liquefied natural gas (LNG) bunkering demonstration at the port of Kitakyushu. This operation is the first

A major international project to support the International Maritime Organization (IMO)’s initial strategy for reducing greenhouse gas emissions from shipping has been launched.

Entitled GreenVoyage-2050, the project will initiate and promote global efforts to demonstrate and test technical solutions for reducing

“The idea that open loop scrubbers will be banned in ports is a fake issue,” claims COO of CR Ocean Engineering.

The issue of banning open loop scrubbers is being propagated to scare people away from scrubbers, according to Nick Confuorto,

The European innovation project FLAGSHIPS has been awarded 5 Million Euros from the EU to support deploying two commercially operated zero-emission hydrogen fuel cell vessels in France and Norway.

The FLAGSHIPS project contributes in building two new build vessels, one in

VLCC
An uninspiring week for owners saw rates flat at WS 37 for 270,000mt from the Middle East Gulf to China. Going west, the market was steady at WS 18 Cape to Cape for 280,000mt to the US Gulf. West

Belships ASA (OSE: BEL) has entered into an agreement to hedge the price differential between compliant 0.5% sulphur fuel oil (VLSFO) and 3.5% sulphur fuel oil (HSFO).

The secured exposure is for 24,000 tons of bunkers for the full calendar year

IMO Marine Environment Protection Committee (MEPC 74), which is commencing next week in London, will discuss an EU proposal on the exhaust gas cleaning systems (scrubbers). The proposal, which has been submitted by the EU 28 Member States and the