Geopolitical tensions have now eased, leaving freight rates to feel the full effects of the weak underlying market and falling demand. Tanker shipping looks set to be under pressure for the rest of the year. Demand drivers and freight rates The tanker …
Tanker Shipping: Sky High Freight Rates Replaced By Reality Of Falling Global Oil Demand Read More »
Despite recent low bunker prices a significant proportion of marine fuel buyers still do not have any risk management strategies in place to mitigate anticipated price rises. Two thirds of LQM Petroleum Services clients polled in a webinar last week (1…
Vessel owners, operators and charterers reacting to a sharp reduction in demand due to COVID-19 are soon to face an additional operational challenge in the form of accelerated hull fouling as more and more vessels lie idle at anchor or provide floating…
These are turbulent times for our industry. Ship owners have been thrust from the relative comfort of gradual change to seismic shifts and mounting complexity – a process set in motion by the International Maritime Organization’s (IMO) 2020 sulphur cap…
Setting sail for 2050: Imagining the future of marine lubrication Read More »
Due to a combination of circumstances there is now a worldwide shortage of storage space ashore for both unrefined and refined oil products of all types. As such there is a now growing demand for oil tankers to be used as floating storage. Potential is…
Floating storage of oil cargoes Read More »