Cargill Vessels Join Maersk MR Pool To Gain More Exposure
In a major development, Cargill and Maersk Tankers has announced a strategic partnership that will improve flexibility for customers and reduce fuel consumption and...
IMO 2020 To Halt the European Refinery Boom?
According to a Bloomberg article, multiple oil refineries in Europe will be too unprofitable to continue trading once the industry has dealt with sweeping...
Spotted Lanternfly Infestation Force Ship Quarantine Off of Brooklyn
An insect native to China has made its way to Brooklyn, and now the cargo ship is under quarantine because of the infestation. The...
APEX To Use Argus Bunker Index To Manage LSFO Price Risk
According to an article published in PR Newswire, the global commodity price reporting and news agency Argus and the Asia Pacific Exchange (APEX) has...
Panama Canal Toll Structure Modifications Officially Approved
Cabinet Council of the Government of Panama has officially approved the modification of the Panama Canal tolls structure.
The proposed tolls modifications were...
Maersk Financial Results Q2 2019 – Transformation
Improved cash return on invested capital at 6.9% and synergies of USD 1bn realized earlier than expected.
In Jan 2019, they formed one...
ESG Raises Questions Over LNG Transfer
ESG alleged that commercial interests were prioritized in the recent LNG ship to ship transfer.
The STS occurred in Gibraltar waters last week...
Dip in Output Doesn’t Dampen Sour Crude And Heavy Products Opportunities
According to an article published in Platts, all eyes are on oil prices after the attacks on Saudi Arabia's oil facilities over the weekend.
A...
Freight Rates Likely To Double With Zero-carbon Transition
International Chamber of Shipping conference was told that freight rates are likely to double during the transition to greener, zero-carbon marine fuels, says an...
Singapore 380-centistoke HSFO Cash Premium Hits New Record
According to a Reuters report, Asia’s cash premium for 380-centistoke (cst) high-sulphur fuel oil (HSFO) cargoes surged to a fresh record on Friday.
Cash premium...
Benefits of FPS Scrubber Clause
The expected price differential between fuels with a high sulphur content and 'compliant' fuels will benefit owners that have invested or are considering in...
Ballast Water Convention To Resurrect Crude Tankers Tonnage Scrapping?
The IMO’s Ballast Water Management Convention (BWMC) is likely to rekindle scrapping activity in the crude tanker market in the remainder of 2019, although...
Petronas To Provide LNG Bunkering Early Next Year
Malaysia’s Petronas is poised to provide LNG bunkering services starting 1 January 2020.
The Southeast Asian LNG major player has ambitions to become...
SFL Bags 5-Year Charters of Three VLCC Newbuildings
Acquisition of 3 VLCC New Buildings with 5-year charters by SFL.
Net purchase price will be $180 million, or $60 million per vessel,...
Weekly Tanker Report – Week 37, 2019
The Baltic Briefing has issued the tanker report for the 37th week of this year. The report dated 13th September 2019 provides a valuable...
[Answer] How To Address Biofouling in an Eco-friendly Way To Optimize...
Ships and ship hulls are important part of the ships that are responsible for some critical environmental damage. The marine life present on these...
[FAQ] Compatibility Issues & Good Practices of Commingling Fuels
Recently CIMAC along with industry stalwarts such as shippers, refiners, and suppliers have issued guidance regarding 2020 fuel compliance. Part of this guidance concerns...
Baltic Index Reels Under Low Capesize Rates, Falls for the 8th...
According to a Reuters report, the Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, stretched its losing...
Why Did Protests Break Out at the Houston Ship Channel?
Expansion of the Houston Ship Channel is crucial to US national and economic security and for regional prosperity.
Greenpeace protesters shut off access...
Infographic – Europe Balances Global LNG Market
An offhand LNG supply demand growth in Asia, notably from the US, supports the view that European gas hubs will balance the global LNG...
