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 decrease in oil output
Saudi Aramco confirmed that the attacks resulted...
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 article published in Lloyd’s List.
Freight rates to double
Shipping emission targets...
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 surge
The cash premium for cargoes of 380-centistoke (cst) high-sulphur fuel...
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 investing in Scrubber-fitted vessels, with substantial savings in the cost...
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 the real impact of the regulation will be seen only...
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 a bunkering hub.
In regard to IMO 2020 regulation, Petronas...
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, expected to be delivered to SFL within next 2 months.
...
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 insight into this week's tanker market dealings, freight rates, and...
[Answer] How To Address Biofouling in an Eco-friendly Way To Optimize Speed?
Ships and ship hulls are important part of the ships that are responsible for some critical environmental damage. The marine life present on these hulls is known as biofouling which may pose a threat...
[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 the fuel compatibility issues and the suggested good practices that...