Despite the occasional bleep, the VLCC market remains in deep trouble for the weeks to come, with oversupply evident in key routes and regions. In its latest weekly report, shipbroker Charles R. Weber talked about “observed strengthening rates through …
VLCC Oversupply Still Plaguing Market Read More »
Propulsion Dynamics has responded to industry concerns over the expected spike in bunker fuel costs and increasingly stringent environmental legislation. The company’s new offering, Inferred Fuel Performance, allows a ‘sneak peak’ of a vessel’s expecte…
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 »