The drone attacks on Saudi Arabia’s Abqaiq refinery and the kingdom’s second biggest oilfield, Khurais, have resulted in 5.7m barrels per…
Chances of Saudi crude front-loading seen supporting tanker rates Read More »
"A response team continues to assess the damage and plan the recovery work," Equinor said. "Initial recovery assets have been…
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Equinor cleans up hurricane-damaged oil terminal in Bahamas Read More »
The turmoil in the global economy is taking its toll in the tanker market, with demand for oil expected to take a turn for the worse. This is expected to have a negative impact in demand for crude oil tankers as well. In its latest weekly report, shipb…
Tanker Market “Hostage” of Financial Turmoil Read More »
Capesize Overall it was a negative week for the Capesize market, with many routes losing ground. A limited amount of timecharter appeared, with most activity seemingly centred on voyage basis. However, a 176,000dwt vessel was rumoured fixed delivery Ch…
Dry Bulk Market: Capesizes on Correction Mode Read More »
From 1 January 2020, Regulation 14 of MARPOL Annex VI provides that the sulphur content in fuel oil used on board ships shall be reduced from a maximum limit of 3.5% to a maximum limit of 0.5% (the limit in emission control areas remains at 0.1%). Regu…
Scrubbers and fuel profit share clauses Read More »
