As the winter season in the northern hemisphere draws nearer, things are beginning to heat up in the tanker markets as well. In its latest weekly report, shipbroker Charles R. Weber said that “the VLCC market saw rates remain range bound at elevated le…
Demand Keeps Momentum in the VLCC market Read More »
There are four possible methods of compliance: 1.use VLSFO (very low Sulphur oil) or blends; 2,use distillates or MGO; 3,use LNG or other alternative fuels; or 4,install EGCS (exhaust gas cleaning systems) and continue using HSFO. Prior to selection of…
IMO 2020 – Exploring the option of SOx scrubbers Read More »
The right fuel As of 1 January 2020, all ships are required to burn fuel with a sulphur content of no more than 0.5% (Regulation 14.1.3, MARPOL Annex VI) unless fitted with an exhaust gas emissions cleaner (scrubber) capable of reducing sulphur emissio…
What does the “IMO 2020” regulation really say? A quick guide Read More »
India is gearing up to be one of the major markets for crude oil demand, together with China. In its latest weekly report, shipbroker Gibson noted that “India, along with China has long been revered as a key driver of world oil demand growth. However, …
Tankers: New refining capacity in India to trigger crude demand Read More »
Capesize A market of two halves for most of the week with rates in the Atlantic firming and easing in the East for most of the week, but then, West Australia/China staged a recovery, with a rumour $9.00 was done as well as $8.90, up from $8.40, fixed 2…
Dry Bulk Market: Week Ends on A High Note Read More »