Mitsui O.S.K. Lines, Obayashi Corporation, Kawasaki Heavy Industries, and Chiyoda Corporation have established the Japan–New Zealand Hydrogen Corridor. The consortium will study the commercialization of green hydrogen production in New Zealand…
Japan and New Zealand Plan Hydrogen Corridor Read More »
The NGO Robin des Bois is concerned about the thousands of seafarers currently stuck in the Middle East and about the approximately 70,000 animals stuck on livestock carriers.The livestock has been exported from South America, the European Union…
Livestock Carriers Delayed in Middle East Read More »
The tanker market, expectedly, is roaring to higher levels, especially for those few braving a crossing of the Hormuz Strait. Still, most are now trapped and the option of floating oil storage is beginning to look more realistic by the day. In its late…
Clean LR2 MEG LR2 freight moved dramatically this week. The TC1 75kt MEG/Japan index ultimately went from WS222 to WS446, with the corresponding TCE climbing to $120,000/day on Baltic description round trip. A voyage west saw the TC20 90kt MEG/UK-Conti…
Tanker Shipping Rates Post Strong Gains on Middle East Worries Read More »
The continued attacks in the Gulf by the US/Israel have increased tensions around the key sea route passage, Strait of Hormuz, which handles around 2.9 mbpd of refined products such as naphtha and diesel. This massive volume accounts for almost 17% of …
US–Iran conflict to alter the trade pattern of product tankers Read More »