After an extensive study project, Eco Marine Power (EMP) has today released some of the key findings related to the use of solar power on ships and the selection and installation of related equipment. This study was carried out over a 5 year period and…
Key Findings from Ship Solar Power Study Released by Eco Marine Power Read More »
The escalation of the trade war between the US and China is about to bring significant changes in crude ton/mile demand as US crude freights could soon be moving away from China and heading towards India, South Korea, Thailand and Taiwan. In its latest…
Tanker Market: US Oil Exports At the Epicenter of Trade Shifts Read More »
In its latest monthly report, OPEC commented on the tanker market, that during June, crude oil tanker market sentiment strengthened slightly as average spot freight rates increased on most reported routes, albeit at varying levels. On average, dirty ta…
Tankers: Slight Improvement in Market Sentiment During June Read More »
While the world is struggling to live up to its commitment to limit climate emissions, new data indicate that climate change may be more severe and occur more rapidly than anticipated earlier. The IMO is looking for ways to make shipping climate-neutra…
Towards Zero Emissions: Environmental Outlook Read More »
US President Trump criticized OPEC for the recent rise in fuel prices, citing that the US pays for defense for many of the groups’ members and therefore, OPEC should make an effort to increase crude supply to pressure global pricing. Additionally, Iran…
A Potential Monumental Shift Read More »