Thun Tankers BV has placed an order for a second 4,250-deadweight product tanker, says a press release published on their website.
Second order placed
Thun Tankers BV has placed an order for a second 4,250-deadweight product tanker, which will be delivered...
NYK and its group company MTI Co. Ltd. receive approval in principle (AiP) for an autonomous ship framework.
This is currently being developed under the name of "APExS."
ClassNK, a classification society based in Japan, reviewed the...
Crude oil prices regained their footing in late April.
VLCC’s and suezmaxes reached $250,000 per day and $100,000 per day.
It is respectively down to around $60,000 per day and $40,000 per day.
Vessels crowding these ports might...
Oil demand crash amid COVID-19 and the subsequent lasting change in people's lifestyle may have already brought about peak oil demand.
The pandemic adds not only a layer of uncertainty in the oil industry in the short term,...
China has tested its homegrown electric cargo ship.
It has a load capacity of 1,000 metric tons.
It was tested at the Yangtze River section in Changzhou, east China.
The vessel is powered by a 1,458 kWh lithium battery...
ONE has planned to add 5,000 more refrigerated containers to its fleet.
200 containers will be equipped with advanced controlled atmosphere (CA) technology.
Its global refrigerated container volume grew by more than 7 percent in 2019.
They are...
According to an article in Sea News, The CEO of InfraStrate, John Wood, an experienced maritime engineer says that there will be a day of reckoning as COVID19 has increased dockings by 70% including some emergency vessel operations.
let's take...
Supertanker New Vigorous arrived at a port in northern France Cape of Good Hope.
The journey takes almost twice the time as the usual route through the Suez Canal.
An increasing number of supertankers are taking the long...
Oil inventories continue to rise despite facing historical lows.
It will be a while before oil prices could post any palpable improvement.
Brent witnessed $35 a barrel in the fourth quarter of the year, up from $25.
Experts...
Rising oil prices, which make floating storage less attractive, is a negative for tanker demand.
Investors might not be getting the right numbers and may be interpreting reported rates incorrectly.
The real market rate is the level of...
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