The COVID-19 pandemic has sent shock waves through the shipping industry. The supply glut of crude oil due to the Saudi/Russian price war and the declining demand due to global “stay at home” advisories sent tanker rates through the roof as oil traders…
Tale of Two Vessels: Hedging Freight to Control Costs Read More »
The unexpected outbreak of COVID-19 and its unforeseen consequences all over the world have not left the commercial sector in Cyprus unaffected. Emergency measures such as travel restrictions, citizens placed on quarantine and self-isolation are only s…
COVID-19: A Force Majeure event? Read More »
The biggest and most powerful liquefied natural gas (LNG)-fueled engine ever built has received type approval from classification society Bureau Veritas (BV), Switzerland-based engine manufacturer Winterthur Gas & Diesel (WinGD) said on Wednesday.BV…
WinGD’s Dual-fuel 12X92DF Engine Gains BV Type Apprval Read More »
Ship owners and insurers say it may be impossible for the maritime industry to fully comply with the Trump administration’s new guidelines on how to avoid sanctions penalties related to Iran, North Korea and Syria, raising the risk of disruptions…
US Sanctions Advisory Raises Hurdles for Global Maritime Industry Read More »
China’s low-sulphur marine fuel exports rose by a third in April compared with March to the highest level yet after it waived export taxes for domestic refiners to meet shipping demand, Chinese customs data showed.Chinese refiners began exporting…
China’s VLSFO Exports Rose By a Third in April Read More »