Group A in the World Cup contains the host nation Russia, and Saudi Arabia, two of the largest crude oil producing countries in the world. The chart shows the contribution each country contributes to global demand for tankers. However the games shake o…
World Cup Countries Crude Tanker Demand Read More »
The tanker market has dug itself a hole, it’s now struggling to get out of. The past week didn’t bring any sort of respite. According to the latest weekly report from Charles R. Weber, “VLCC rates continued easing this week despite a fresh …
Tanker Market Still Looking for Recovery Signs Read More »
What a show! The Greek Shipping community put on a wonderful week for the rest of the world at Posidonia. This year the spotlight was very much on bunkers and more specifically on how ship owners should prepare for 2020. However, there were some exampl…
IBIA: Slaying mythical beasts in the IMO 2020 labyrinth at the Posidonia Venue Read More »
The tanker market is about to receive some new direction towards the end of the week, should OPEC’s summit changes the current status quo in oil production. In its latest weekly report, shipbroker Gibson noted that “the current dynamics in the oil mark…
In April this year the International Maritime Organization (IMO) outlined its vision to reduce greenhouse gas emissions from shipping by at least 50% by 2050. This, along with other policy initiatives such as reducing the sulphur content in marine fuel…
Aquarius Eco Ship Project: Japanese Companies Push for Renewable Energy in Vessels Read More »