With only a few months to go until the introduction of 0.50% global sulphur cap, club members should have a clarity on their compliance strategy for the IMO 2020. For members who have chosen to achieve compliance by using low sulphur fuel oil, this art…
Use of IMO 2020 Compliant Fuels Read More »
Ship owners are investing heavily in the LNG shipping market, expecting a boom in the years to come, thanks to a rise in demand and the influx of a series of LNG projects in the global energy landscape. In a recent note, shipbroker Banchero Costa said …
LNG Shipping Primed for A New Round of Growth Read More »
Last week our cross-sector earnings index, the ClarkSea, recorded its biggest ever weekly percentage move (23% to $20,096/day), and this week we have another record, including the biggest absolute increase (55% to $31,207/day). The current spike is ver…
ClarkSea “Spiking” And Smashing Records! Read More »
The crude tanker market is experiencing an unprecedented spike in rates, with the VLCC spot charter market in particular reaching heights not seen before. At the same time, VV values for crude tankers of all ages are on the rise. The below table shows …
Tanker Values on the Rise as Well Read More »
With just a few years gone past since the opening of the US crude exports market, it has already managed to become one of the most important drivers of crude tanker demand. In its latest weekly report, shipbroker Gibson said that “without a doubt, the …
US Crude Exports Lead Tanker Demand to New Heights Read More »