Cuts in sulfur emissions from oceangoing vessels have been tied to a reduction in lightning stroke density along heavily trafficked shipping routes in the Bay of Bengal and the South China Sea, according to new research from the University of…
Study: Low Sulfur Fuel Reduces Lightning, May Increase Temperatures Read More »
The ship recycling markets showed signs of recovery as buyer demand is present. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the Indian market trended softer through most of the week, and despit…
Ship Recycling Market Looking Primed for a Recovery Read More »
The Baltic Capesize Index opened the week marginally firmer, while weekly performance remains lower, indicating continued sensitivity in the freight market. Ballaster availability remains elevated across both basins, with approximately 160 vessels (5-d…
January Snapshot: Capesize Ballasters & Demand Read More »
Potential redirection of Venezuelan crude oil exports could boost already high tanker rates in the near to medium term due to a shift to the mainstream fleet from shadow tankers, Fitch Ratings says. Any shift in the transportation of Iranian oil from t…
Tanker Shipping Rates May Rise due to Venezuelan Oil Redirection Read More »
The Executive Management Team at UTC Overseas has announced the opening of its new office in Singapore, advancing the company’s global growth strategy and establishing its presence in the thriving Asia Pacific (APAC) market. The Singapore office…
UTC Enters into Asia-Pacific Market with Singapore Hub Read More »