The highest US crude oil exports to China in 11 months lifted total seaborne US crude oil exports to a record high at 11.9 million (m) tonnes in June 2019. Also contributing to the June record was South Korea, as exports to the other main Far Eastern b…
Record high seaborne US crude oil exports in June 2019 Read More »
Ethane trade is set to increase in the coming years with rising US exports and improving demand for ethylene production in countries such as China. Demand for Very Large Ethane Carriers (VLECs) will increase in the next three years as ethane trade grow…
VLECs in the spotlight as US-China ethane trade strengthens Read More »
The tanker market is set for another blow emanating from the latest developments from the Venezuelan oil crisis. In its latest weekly report, shipbroker Gibson said that “in January 2019 the Trump administration announced tough sanctions against PDVSA,…
Tanker Demand to Suffer Venezuelan Blow Read More »
Carbon dioxide, nitrogen oxides, particulate matter, oil, ballast water, bilge water, sewage. There’s a long list of ship emissions that merit scrutiny. Among the most harmful, and hence heavily regulated, is sulphur oxide (SOx). It is here that …
Pollution police: How are ship emissions monitored? Read More »
A sea change is in the making as the global shipping industry strives to reduce its impact on the environment with innovative solutions like battery-operated vessels, wind-powered ships and carbon-neutral shipping. As the industry sets new environmenta…
Green shipping is the new gold Read More »