Equinor has been awarded the operatorship for the development of two new CO2 storages in the North Sea along with a 100% share for the two licenses, Albondigas and Kinno.The new licenses are each expected to have the capacity to store around 5 million …
Equinor Awarded CO2 Storage licenses in North Sea Read More »
Analysts say high prices for secondhand ships are here to stay
‘Historic’ market: Veson tracks doubling of chemical tanker values over five years Read More »
The tanker market is expected to remain quite healthy and profitable not only in the short to medium term, but also in the long term as well, even after 2030. In its latest weekly report, shipbroker Xclusiv said that “based on the June’s IEA market rep…
Tanker Rates Could Remain Elevated Even After 2030 Read More »
This week’s data underscores the declining trend in VLCC ballast speeds during the summer season, coinciding with a weakening trend in AG-China freight market rates throughout June. Since mid-May, there has been a noticeable strategy among indust…
Dirty crude oil flows to China Read More »
Key transhipment ports, such as Singapore, have witnessed a sharp rise in congestion due to the impact of Red Sea carrier service diversions, which have led to fewer vessel calls but larger average exchanges. This has added to yard congestion. Port pro…
Transhipment ports challenged by changes in call patterns amid the Red Sea crisis Read More »