Improved fundamentals could provide an additional boost to freight rates for Suezmax tankers moving forward. In its latest weekly report, shipbroker Gibson said that “like all other crude tanker segments, Suezmax rates have been on a rollercoaster ride…
Suezmax Tankers Offer Improved Fleet Prospects Read More »
Our oceans are critical to so many aspects of our day-to-day lives. In the UK alone, they provide jobs for over 500,000 people, contribute more than £47 billion to the economy, and are the means through which 95% of all trade reaches the UK. Globally, …
How the UKHO is supporting the Blue Economy Read More »
In its latest monthly report, OPEC noted that average dirty tanker spot freight rates declined further in March, continuing the downward trend seen in the first quarter. Lower rates were reported in most dirty classes, mainly attributed to high vessel …
Tanker Market in March: Declines the Norm Read More »
Classification society DNV GL and Keppel Marine and Deepwater Technology (KMDTech), a subsidiary of Keppel Offshore & Marine (Keppel O&M), announced that they have signed a framework agreement to boost the uptake of liquefied natural gas (LNG) …
Keppel and DNV GL team up to promote LNG as a ship fuel Read More »
The independent study report launched today has revealed that Greenhouse Gas (GHG) reductions of up to 21% are achievable now from LNG as a marine fuel, compared with current oil-based marine fuels over the entire life-cycle from Well-to-Wake (WtW). It…
Independent Study Reveals LNG Reduces Shipping GHG Emissions By Up To 21% Read More »