The second week of September maintains its grip on the crude oil freight market’s sentiments, as VLCC rates have yet to display the anticipated rebound. The struggle persists in the VLCC MEG-China rates, leaving industry observers closely monitor…
Continued downward pressure with a significant decline in VLCC demand growth rates Read More »
US oil production has increased since 2013 while US refinery runs peaked before the COVID pandemic. This has allowed dirty tanker exports to increase from 0.4 million barrels per day (mbpd) in 2016 to 3.5 mbpd during the first eight months of 2023. Dur…
US dirty tanker export demand jumps 33% year-on-year Read More »
Major maritime industry players have come together in a collaborative effort to implement Daphne Technology’s groundbreaking SlipPureTM methane abatement solution onto the Angelicoussis Group’s LNG carrier Maran Gas Chios. With Daphne Technology …
Shipping Leaders Collaborate In Landmark Methane Abatement Technology Trial Read More »
Carbon capture, energy efficiency and green fuels are the roadmap to net zero by 2050. That’s the pathway outlined by the 2023 Outlook, Beyond the Horizon: View of the Emerging Value Chains, the latest industry-leading research from ABS into shipping’s…
Faced with tough competition for greener fuels from other sectors, new 2030 maritime emission targets hang in the balance. According to the latest edition of DNV‘s Maritime Forecast to 2050 the shipping industry will find it challenging to secure enoug…
Shipping in ‘decisive decade’ to meet tighter emission targets Read More »