This year so far has been full of events which have affected many global markets, including the bunker market. While the spread of Covid-19 reduced crude oil demand, the production cuts changed not only the supply of crude oil but also its composition….
Fuel oil tightness means shipowners pay more for bunkers in ARA Read More »
To decarbonise maritime transport, the Environment Committee voted on Tuesday to include CO2 emissions from the maritime sector in the EU Emissions Trading System (ETS). The Commission has put forward a proposal to revise the EU system for monitoring, …
Many ship owners have invested heavily in the LPG tanker trade. As such, India, the UAE and USA are expected to be among the main trades to generate demand. In a recent weekly report, ship owner Bancosta Research said that “India is the second largest …
A Major Driver for LPG Sea Trade Read More »
Container lines have done well during the global pandemic, but are they profiteering from the crisis and can anything be done to prevent more carrier-shipper animosity? Container shipping lines are one of the few sectors that can be said to be having a…
When big profits look bad Read More »
The international shipping industry will fail to tackle their global greenhouse gas emissions unless they put in place rules that truly reflect the climate impact of shipping fuels, according to a report released by Environmental Defense Fund and Unive…