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…
The ships’ demolition market picked up this past week. However, according to various market reports, both from shipbrokers and cash buyers, the primary focus hasn’t been for tankers or bulkers, but for secondary market units. As a result, further press…
Demolition Activity Non-Existent for Bulkers or Tankers Read More »
Just a few days before the landmark International Maritime Organization (IMO) London conference, the chances of an agreement to control shipping’s greenhouse gas (GHG) emissions looked unlikely. But then, ironically on Friday 13 April, the members of t…
MRV and DCS: On track for greener shipping Read More »