Freight and insurance costs force Thailand to turn away from Middle East tanker shipments
Figures show Asian nation importing more crude cargoes from the US and its neighbours
May 2024
Container Vessel Bunkered with Methanol During Cargo Operations
X-Press Feeders, Global Energy Trading Pte Ltd (GET), and PSA Singapore (PSA) have successfully completed the first simultaneous methanol bunkering and cargo operation (SIMOPS) in Singapore on May 27, 2024.The SIMOPS was conducted at the new…
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Greek shipping Getting to Grips with EU ETS Compliance Issues
Validation of voyage emissions data and contractual arrangements for allocation of EU ETS costs remain key challenges for Greek shipowners as they face an estimated total €335 million bill this year, potentially rising to €1bn once the regulation is fu…
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Portugal’s New Government Committed to Developing Offshore Wind
Portugal’s new government is committed to developing offshore wind energy and also sees “repowering” onshore wind farms and promoting solar projects, including small-scale ones, as a priority, the environment minister said on Monday.Maria da…
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Oil Price Dynamics in Favor of Spot Tanker Demand
Spot tanker demand is expected to benefit from the latest oil market price dynamics. In its latest weekly report, shipbroker Intermodal said that “the turbulent dynamics witnessed in oil markets during the five months of 2024 have had a direct impact o…
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