In November, tanker spot freight rates for dirty vessels showed a significant increase as rates continued to rise from the previous month, as per the latest monthly report from OPEC. Average spot freight rates increased for the third month in a row, sh…
Tankers Rebound in November Read More »
In November, VLCC utilization increased to the highest level observed since the beginning of the year at 60.55%, nearly as high as the level observed in November 2017 (60.58%). Through the first 11 months of the year, utilization has averaged 59.99%, c…
VLCC Utilization Up in November Read More »
Located in a modern science park in Bergen, Norway, DNV GL’s Materials and Corrosion Technology Centre and its sister facility, the Technology Centre for Offshore Mooring and Lifting, are only two years old. But both facilities are staffed by personnel…
Where technology meets competence Read More »
The new marine fuel regulations which will enter into force from 2020, won’t have an effect just on the “modus operandi” of the shipping industry, but will also affect freight rates and trade flows of oil products. In its latest weekly report, shipbrok…
Flexible Tanker Owners Will Benefit from Latest Trade Flows Read More »
Shipping confidence dipped slightly in the three months to end-November 2018, according to the latest Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents fell to 6.0…
Shipping confidence dips but investment appetite remains undimmed Read More »