The winds of change are blowing for the shuttle tanker sector. This is thanks to a new, innovative concept jointly developed by the world’s largest shuttle tanker provider, TEEKAY, and Wärtsilä. “Compared with a conventional shuttle tanker, this new co…
New shuttle tanker beats the emissions clock Read More »
Rolling out liquified natural gas (LNG) infrastructure for shipping in Europe would cost $22 billion and deliver, at best, a 6% reduction in ship greenhouse gas emissions by 2050 compared to the replaced diesel, a new independent study for Transport &#…
Long have tanker owners wished for a week like the one which we’ve just put behind us. In its latest weekly report, tanker market specialist, Charles R. Weber commented that “VLCC rates rallied strongly this week on a strong concentration of dema…
The VLCC Market “Roars” Back in Anger Read More »
It seems that the added influx of crude oil cargoes in China, as a result of the increased power of the so called “teapot” refiners is bound to wane. In its latest weekly report, shipbroker Gibson noted that “it has been three years since the Chinese g…
Tanker Market and Chinese Independent Refiners: Is there Hope? Read More »
Just as the shipping industry was looking for signs of further trade growth rebound and was hoping for an improvement over the initially modest predictions for the 2018-2019 pace of rate increase, reality kicked in, in the form of renewed trade tension…
Global Economy and Trade Tensions Are Bound to Find their Way Into Shipping as Well Read More »