Ship owners have opted against committing more financial resources towards newbuilding orders, amid the uncertainty surrounding world trade growth prospects and the pressures exerted on the Chinese economy. This has been the overall trend since the sta…
Ship Owners Turn to Second Hand Acquisitions Read More »
The world’s first LNG-fueled icebreaker, Polaris, received liquefied natural gas (LNG) fuel in January from the Pori LNG import terminal and in February from the Manga LNG terminal located in the Röyttä Harbor in Tornio, Finland. The commercial u…
A.P. Moller – Maersk and PBF Logistics LP (PBFX) announced an agreement for Maersk to source and PBFX to process crude oil at CPI Operations LLC, a PBF Logistics LP terminal facility in New Jersey, United States. The agreement enables Maersk Oil …
VLCCs and MR product tankers have been the “weapon of choice” among ship owners looking to make plays in the tanker market. Despite the geopolitical and financial uncertainties which are having an adverse effect on the shipping markets, a lot of ship o…
Tanker Market: Fleet Growth Robust Despite Uncertainties Read More »
BIMCO has proposed that the Fourth International Maritime Organization (IMO) Greenhouse Gas Study does not include unrealistically high gross domestic product (GDP) growth projections to predict future transport demand – and thereby emissions …
BIMCO Demands 4th IMO GHG Study Based On Realistic Economic Growth Read More »