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...
Baltic Index Reels Under Low Capesize Rates, Falls for the 8th Straight Session
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 streak to an eighth straight session on Monday, hurt by...
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 to the Houston Ship Channel by suspending themselves from the...
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 market for the rest of the year, reports S&P Global...
Global Ocean’s JV To Help Evade Significant Risks?
Golden Ocean has signed a non-binding term sheet to buy 10% of a bunkering joint venture (JV) together with global trading giant Trafigura, and tanker company Frontline.
The JV will ensure a prompt...