Asia Crude Oil, Key Market Indicators for Aug 10-13
Crude oil futures were lower during mid-morning trade in Asia Aug. 10 from the Asian close Aug. 6 as a rise in COVID-19 infection rates in major oil-consuming economies weighed on the demand outlook...
Clean Arctic Alliance Keen On Cutting Black Carbon from Ships
The IPCC report on the Physical Science Basis warns transformational change is needed at all levels: individual, communities, business, institutions and governments.
Black carbon is a short-lived climate forcer.
Cutting black carbon emissions,...
LNG Bunkering Industry is Projected to Reach $5.14 Billion by 2027
The global LNG bunkering market was valued at $0.38 billion in 2019, and is projected to reach $5.14 billion by 2027, growing at a CAGR of 45.2% from 2020 to 2027, says an article...
Gate Energy Bags Whale Project Award With Shell
GATE Energy has been selected by Shell Offshore as the provider for facility commissioning of the Whale development.
This comes at the back of the current execution scope for the provision of commissioning...
International Seaways Records 71% Q2 2021 Crude Tanker Earnings
Q2 2021 crude tanker TCE earnings down 70.63% on year
VLCC Q2 freight averaged $4.26 million, Q3 holds at $4-$4.1 million
Merger with Diamond S nearly doubles fleet size, liquidity
International Seaways sees fleet...
DHT Holdings Brings Forward BWTS And Scrubber Installations
DHT Holdings brings forward BWTS and scrubber retrofits
as a result of low rates, DHT took the decision to accelerate drydocking for repairs and retrofits
VLCC owner DHT Holdings is bringing forward a ballast...
ZIM & Data Science Set Up Center Of Excellence In AI
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) and Data Science Group (DSG) are establishing a Center of Excellence in the field of artificial intelligence (AI).
The center will develop artificial intelligence and machine...
S. Korea To Provide Tax Rebates For LNG-Fueled Ships
The South Korean government has decided to offer tax rebates for LNG-fueled ships starting next year.
It is taken as part of efforts to develop the country into a regional LNG bunkering hub...
Tanker Detained for Illegal Anchoring
A South Korea-registered tanker has been detained for anchoring off Johor without a permit to do so, reports the Star.
Tanker detained
Johor Malaysian Maritime Enforcement Agency (MMEA) director First Admiral Nurul Hizam Zakaria said the...
MOL Delivers Wood Chip Carrier VANGUARDIA
Mitsui O.S.K. Lines, Ltd. delivered the wood chip carrier VANGUARDIA at Oshima Shipbuilding Co., Ltd.
MOL will operate the vessel, which transports wood chips for Daio Paper Corporation.
Mitsui O.S.K. Lines, Ltd. announced that...