With Iran’s oil exports under immense pressure, it’s worth taking a look at how Asian countries, like Japan and South Korea are finding ways around the problem and how this is affecting the tanker market. In terms of Japan’s crude oil…
Asian Oil Imports and the Crude Tanker Market Read More »
Tensions in the Gulf region haven’t had any particular impact in the tanker market, at least until now. In its latest weekly report, shipbroker Gibson said that “during the first week of July, the well documented arrest of the 300,000 dwt ‘Grace 1’ by …
Tensions in Gulf Region Haven’t Impacted Tanker Rates Read More »
De-harmonisation Initially, the IMO aligned the date for compliance with the BWMS requirements set out in Regulation D-2 with the renewal of the International Oil Pollution Prevention (the IOPP) certification. To extend the compliance deadline up to 20…
Ballast Water Management Systems: Time-Line For Compliance Read More »
Tensions continue to rise in an area described as the most important chokepoint in the oil transportation system globally. In July, the British-flagged chemical/oil products tanker Stena Impero was seized in the zone in question, the Strait of Hormuz, …
Japan’s LNG imports are projected to recover in 2020 and 2021 as nuclear plants are unlikely to meet the deadlines of the new anti-terrorism nuclear regulations. Japan’s LNG demand is expected to revive from mid-2020 and increase until 2022 as the oper…
Delay in compliance with nuclear security regulations to boost Japan’s LNG imports Read More »