Placing a newbuilding order is a complex enough procedure on its own merit, given the fact that a ship owner has to accurately predict the market a few years down the line. But in today’s busines environment, these decisions have additional layer…
The questions to weigh before ordering a newbuilding tanker Read More »
The Aframax tanker class is becoming the latest “success story” in an otherwise turbulent year for the wet market. In a recent analysis, shipbroker and tanker market specialist Charles R. Weber noted that “the recent rallying of the dirty tanker market…
Aframaxes Are Now the “Darlings” of the Tanker Market Read More »
A push for cleaner burning fuel in the far east has led to increased demand for Liquified Natural Gas (LNG). LNG shipments have historically represented a small fraction of global energy shipments by sea in the past. Converting the light Methane molecu…
LNG: The Fuel Choice of Today Read More »
In an encouraging sign for the future tonagge supply, newbuilding ordering activity has quieted down over the course of the past couple of weeks. In its latest weekly report, shipbroker Allied Shipbroking said that it was “a moderate week in terms of n…
Newbuilding Orders Quiet Down Read More »
Diamond S Shipping and Capital Product Partners have announced the merger of their product and crude tanker fleets. The new Diamond S Shipping Inc. fleet will contain 68 vessels, made up of 43 tankers from Diamond S Shipping and 25 from Capital Product…