In the third week of March, there’s a noticeable improvement in sentiment surrounding VLCC MEG-China rates, offering a glimmer of optimism. However, this comes against the backdrop of tonne days growth continuing to paint a picture of decreasing …
Carbon Capture and Storage (CCS), a promising decarbonization method, requires a value chain for CO2 transport and storage to serve estimated future demands. DNV’s Mathias Sørhaug surveys the status, challenges and opportunities of CO2 shipping within …
Positive outlook for carbon shipping amid big push to solve technical challenges Read More »
Since 2018 shipowners generally have been reluctant to sell older or less economical ships to breakers’ yards. During the past five years average annual recycling totals in the world merchant ship fleet were the smallest since an exceptional freight ma…
Shipowners jettison the scrapping option Read More »
Ahead of this week’s meeting of the International Maritime Organization’s Marine Environment Protection Committee (MEPC 81, March 18-22), the Clean Shipping Coalition is calling on the IMO to urgently step up ship climate action by improving its Carbon…
In the second week of March, the VLCC MEG-China market rates continued to soften, while the number of vessels in Ras Tanura showed an increase despite the significant downward trend observed earlier in the month. Within the crude tanker segment, t…
Dirty crude oil flows from OPEC+ oil producing countries to Asia Read More »