The tanker market has reeled under the pressure of abundant tonnage supply during the month of January, according to the latest monthly report from OPEC. Following gains registered in the tanker market in the previous quarter, average dirty tanker spot…
Tanker Market Declines by 28% in January Read More »
Scorpio Group is no stranger to innovation. “We are an early mover in many technologies,” says managing director Francesco Bellusci. “Due to our volume of vessels, we are always looking for ways to simplify the job. We need support to be able to keep t…
Scorpio – an early embracer of digital class Read More »
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 …