The US crude oil export market is fast becoming a major one for tankers. In a recent report, shipbroker Banchero Costa said that “driven by the shale oil boom of the last decade, the United States have rapidly increased both the production and the expo…
The US Crude Oil Factor in the Tanker Market Read More »
With 25% tariff on LNG still in play, the Phase-1 deal between the US and China is not expected to bring any significant change in the LNG trade between the two countries. However, with China requiring additional LNG supplies in the coming years, the U…
US-China Phase-1 deal brings limited cheer for LNG shipping Read More »
The tanker market is having to cope with yet another Libyan crisis and its effect in the flow of crude oil cargoes from the Northern African country. In its latest weekly report, shipbroker Gibson said that “yet again, global crude production has taken…
Tanker Market: The Libyan Effect Comes to the Fore Once More Read More »
In the race to take first place in the competition for shipping’s best alternative to high sulphur fuel oil, much has been made of the advantages of liquefied natural gas (LNG). Rather less noise has, however, been made about its heavier cousin, liquef…
Make room for LPG as a marine fuel Read More »
Singapore has seen one of the largest drops in the price of Very Low Sulphur Fuel Oil (VLSFO), which peaked on 7 January 2020 at USD 740 per metric tonne (MT) and dropped USD 99 to USD 641 per MT on 22 January. The price has also fallen in other ports …
Low-sulphur fuel oil prices drop USD 99 per MT in Singapore Read More »