The South China Sea is a major trade route for crude oil, and in 2016, more than 30% of global maritime crude oil trade, or about 15 million barrels per day (b/d), passed through the South China Sea. More than 90% of crude oil volumes flowing through t…
More than 30% of global maritime crude oil trade moves through the South China Sea Read More »
As if tanker owners didn’t have enough on their plate already, the US-China trade war is actively damaging one of the most lucrative tanker trades. As shipbroker Gibson commented in its latest weekly report, “for nearly two decades spectacular growth i…
Tanker Market Could Face Added Pressure From US-China Trade Spat Read More »
33 new LNG ships have been ordered so far this year, compared to 19 in the whole of 2017 and just six in 2016. Owners have been tempted by higher spot/short-term charter rates, still-low newbuilding prices and rapidly growing LNG trade. New LNG supply …
LNG ship orders pour in: Is it too little too late, or too much too soon? Read More »
Three of the marine sector’s major technology companies, WinGD, Wärtsilä and GTT, have agreed to collaborate in making the use of LNG (liquified natural gas) fuel a truly viable option for ship owners and operators. By combining their expertise and exp…
Industry frontrunners to collaborate in making ‘green’ propulsion a reality Read More »
ABS is pleased to confirm a world first – the successful conversion of a slow-speed marine diesel engine to operate on Ethane as a fuel. Navigator Gas, in partnership with Charterer Borealis, engine manufacturer MAN Energy Solutions, cargo system…
ABS-Classed Navigator Aurora in World First Ethane Fuel Conversion Read More »