Bunker Trader Push-Up Sales While Oil Product Stocks Fall
Oil product stockpiles fell to a 12-week low as of Dec. 13, led by a slump in gasoline, naphtha and other light distillates, according to Fujairah Oil Industry Zone data provided exclusively to...
Japan Records An Increase In New Ship Export Orders
According to figures issued by the Japan Ship Exporters' Association (JSEA), Japanese new ship export orders increased by 10.8% on a tonnage basis in November of this year as reported by Steel Orbis.
November increase
On...
Foreigners Buy Property In Turkey At Incredible Rates
Turkish house sales to foreigners jumped about 50% to a record level in November, data showed on Tuesday, bringing in billions of dollars in foreign exchange as a lira slump made purchases significantly...
Vessel Collision, Prosecutor Releases One Seafarer But Detains the Other
Swedish prosecutors said Wednesday that a Croatian national had been released.
It is because the suspicion against him of being drunk on the British freighter that collided with a Danish freighter off southern...
Top Shipping Lines Win Esteemed Awards
Seeking to be a company where all employees can play an active role by making the most of their individuality and differences.
NYK has been recognized with a 2021 D&I Award in the...
USGC Refinery Margins Display Profits Despite Rising Crude Prices
Increased demand supports strong product prices.
Product price rises outpace higher crude prices.
A recent news article published in the Platts news source by Janet McGurty says that USGC refinery margins gain despite higher...
The Green Recycling Regime Leaves “No Room To Hide” for Profit Driven Shipowners
Singapore-based consultancy says price remains a key factor for scrapping decisions but sees a turn of toxic tide amid growing market pressure, reports Xinde Marine News.
Maximizing profit
Many shipowners remain focused on maximising profit by...
The Race To Become “World’s Largest Economy”
A Japanese study predicted China to surpass the US by 2028 and 2029. But China’s current economic difficulties and US recovery are having an impact. New COVID-19 outbreaks are slowing domestic consumption, which is...
FPS Maas To Run On Hydrogen Bunkers From Q3 2022
The conversion of Future Proof Shipping's (FPS) FPS Maas to run on hydrogen bunkers is slated to take place in the third quarter of 2022.
FPS had originally hoped to complete the conversion this month.
A...
World’s Largest FSRU To Be Owned By MOL And Vopak
Vopak will acquire 49.99% of the vessel owning company of MOL that owns a floating storage and regasification unit (FSRU) named MOL FSRU Challenger, to be renamed Bauhinia Spirit.
MOL and Vopak will...