After a flurry of tanker tonnage being sold for demolition, it seems that the market is trying to rebalance. In its latest weekly note, Clarkson Platou Hellas said that “it would appear that many have taken extended leave from the industry as a very qu…
Demolition Market Enters Period of Uncertainty Read More »
The tanker market could be set for an improved second half of the year, as there is a series of factors currently working in its favor. In its latest weekly report, Allied Shipbroking said that “a sharp rise in the price of crude oil was to be seen on …
ABS has signed a pioneering Joint Development Program (JDP) with probunkers to provide technical support as they embark on designing a fleet of specialist LNG bunker vessels for key ports around the world. “With its low sulfur emissions, LNG is an attr…
ABS & Probunkers Sign JDP for Fleet of LNG Bunkers Read More »
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 &#…