Pan Ocean lines up LNG fleet expansion
The South Korean shipping line has also set its sights on LNG bunkering and small-scale LNG businesses. The company, which…
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December 2020
Tankers: Kuwait’s Seaborne Crude Oil Exports Amount to 83.4 Million Tonnes During Jan.-Oct. Period
As Middle East crude oil exports are a vital part of the tanker market, it’s worth taking a look at the latest market fundamentals. In a recent weekly report, shipbroker Banchero Costa said that “Kuwait is the fourth largest exporter of crude oil in th…
Rough Seas Ahead For Crude Tanker Market As Demolitions Drop
Choppy waters: Rebalancing of crude tanker market looks difficult as demolitions decline. The ongoing lull in scrapping activity is a worrying sign for the crude tanker market which is struggling with overcapacity. Moreover, a sharp decline in vessel e…
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Corrosion-resistant steels for cargo oil tanks
Crude oil is a complex mixture of substances at varying ratios and in most cases contains at least some salt water. Even after desalination some of this brine remains dissolved in the crude and gradually sinks to the bottom of the cargo oil tank during…
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South Korea: Five shipping companies form alliance
Five South Korean container shipping companies are establishing the Korean Maritime Movement Alliance (K-Alliance) in an effort to strengthen competitiveness in Southeast Asia.
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