Oil To Hit $100 This Year And Rise To $105/Barrel In 2023

Forecasts point to slower economic growth in 2022 and 2023 compared to 2021.  Slowing economic growth could begin to drag down demand for commodities in 2023. Despite the expected global growth slowdown over...

Gibson Tanker Report – The Year of The Tiger

On February 1st China will enter the year of the tiger. 2021 saw total Chinese crude imports at 512.98 million tonnes, down by 5.4% vs 2020’s 542.39 million tonnes, marking the first fall in...

[Watch] Bulk Carrier Hit By Tanker

Tanker collided with bulk carrier at Ijmuiden outer anchorage, North sea, understood early in the morning Jan 31, reports Maritime Bulletin. What happened? The bulk carrier seemed to be at anchor at the time of collision,...

D’Amico Buys Post-Panamax Bulker From A Japanese Company

Italian Shipowner d’Amico Dry has announced an addition to its fleet with the acquisition of a 2017-built Oshima post-Panamax bulker. The 88,000 dwt vessel is a sister ship of d’Amico’s Medi Serapo and...

Fuel Recovered From Cargo Ship That Ran Aground

Oil spill response crews have been busy pumping fuel from the 1982-built cargo ship Manassa Rose M that ran aground due to bad weather and was split in two in Kissamos Bay in...

South Korean Refiners Gain As Chinese Supply Falls

South Korean refiners to gain Asian market share amid lower Chinese supply 2022 middle distillate exports expected to reach 400 million barrels Revival in aviation sector could add 30 million barrels more jet...

Panama Canal Extended Wait Times Puts Pressure On LNG market

MR tanker freight recovers from slump in response More LNG demand in Asia pushes cargoes East A recent Platts news source says that reurn of Panama Canal extended wait times hits LNG market, freight...

[Watch] New Signs As To When US May Ease Covid Restrictions

flowplayer(function (api) { api.on("load", function (e, api, video) { $("#vinfo").text(api.engine.engineName + " engine playing " + video.type); }); }); Disclaimer: This video is intended for informational purpose only. This may not be construed as a news item or...

How To Respond To A Negative BMWS Commissioning Test

The webinar was sponsored by Control Union and Chelsea Technologies. This amendment will come into effect on 1 June 2022. An indicative test is conducted onboard the vessel and a detailed analysis takes...

Baltic Index Logs Worst Month Since January 2020

The Baltic Exchange's dry bulk sea freight index (.BADI) edged higher on Monday, but registered its biggest monthly percentage decline in two years as seasonal weakness coupled with lower iron ore shipments from Australia...