The introduction of rules last year to reduce ship sulphur emissions is resulting in a significant hike in operational expenditure for ship managers, with the use of low and very low sulphur fuel potentially resulting in system and engine damage. Speak…
Low Sulphur Fuel Can Add $20,000 To Annual Ship Operational Costs Read More »
Bunker fuel oil supply has not been affected by the ransomware attack and six-day shutdown of Colonial Pipeline’s network, and there is good availability of fuels across ports in the Americas this week. US Gulf Coast fuel oil inventories were drawn las…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
The closure of the Colonial pipeline which runs from the US Gulf to the US East Coast, has caused a spike in oil product tanker rates on trades to and from the region. Earnings on the Rotterdam to New York trade for a Handysize tanker capable of carryi…
Clean product tanker rates on US bound trade almost doubles after pipeline attack Read More »
Decarbonising shipping will require forward-thinking companies to take commercial decisions based on robust analysis of climate-related risks and opportunities driven by rapidly evolving ESG criteria. ‘Climate risk is investment risk’ is a truth now un…
ESG rules, rather than IMO regulations, will nudge shipping to net zero Read More »
In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in each of 2019 and 2020 due to unfavourable freight rates. If that pace continues…
Oil product tanker demolition on track to break 11-year record Read More »