Dutch and German oil refineries have snapped up all four cargoes of Chadian Doba crude in April to profit from soaring demand for cleaner marine fuel in Europe from shipping companies including Maersk, according to shipping data and trade sources.Asia…
New IMO Designation for the Mediterranean Sea Helps Bring More Doba Crude to Europe Read More »
Chief executive Kenneth Hvid said tanker owner considering adjacent MR and VLCC sectors, but analyst wants buybacks
Should Teekay Tankers buy shares, more ships or both with its cash pile? Read More »
In an industry first, ABS has published guidance to enable internal examination of tanks beyond the typical five-year requirements to once every 10 years with options to have additional expanded survey intervals.The new guidance has the potential…
ABS Publishes Industry-First Guide for Modifying Tank Entry Surveys Read More »
Saronic has announced the transitions of two of its co-founders into expanded leadership roles. Doug Lambert has been named Chief Operating Officer (COO), and Vib Altekar has been named Chief Technology Officer (CTO). These appointments recognize…
Saronic Co-Founders Step Into New Executive Roles Read More »
The prospect of a large scale return of container ships to the Red Sea following the announcement of a ceasefire between the US and Houthi militia in Yemen would flood the market with shipping capacity and cause a global collapse in freight rates…