Developments in new refining capacity are likely to be the main driving force behind the growth in crude import demand
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India's growing refinery capacity to spur demand for crude tankers Read More »
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India is gearing up to be one of the major markets for crude oil demand, together with China. In its latest weekly report, shipbroker Gibson noted that “India, along with China has long been revered as a key driver of world oil demand growth. However, …
Tankers: New refining capacity in India to trigger crude demand Read More »
Capesize A market of two halves for most of the week with rates in the Atlantic firming and easing in the East for most of the week, but then, West Australia/China staged a recovery, with a rumour $9.00 was done as well as $8.90, up from $8.40, fixed 2…
Dry Bulk Market: Week Ends on A High Note Read More »
An amendment to support consistent implementation of the forthcoming 0.50% limit on sulphur in ships fuel oil was adopted by the International Maritime Organization (IMO) on Friday (26 October), during the current session of the Marine Environment Prot…
IMO: Implementation of sulphur 2020 limit – carriage ban adopted Read More »