The Swedish Club warns that vessel operators should always look to the long term, when specifying the type of engines to be installed across the fleet. Latest statistics from the Club show that vessels propelled by medium/high speed engines have a clai…
Slow and Steady Wins the Race to Lower Operating Costs, says The Swedish Club Read More »
Long have tanker owners wished for a week like the one which we’ve just put behind us. In its latest weekly report, tanker market specialist, Charles R. Weber commented that “VLCC rates rallied strongly this week on a strong concentration of dema…
The VLCC Market “Roars” Back in Anger Read More »
Japanese charterers appear to be expressing enthusiasm for the home team again. There has been a sizeable uptick in the percentage of Japanese built ships which are being used to move clean product imports into the country after years of losing market …
Japanese charters seeking more domestic tonnage Read More »
Sevenseas Investment Fund of Luxemburg announced that it is entering into a Placement Agreement with Banque Heritage S.A. (the “Bank”) for the placement of the Fund’s Units. Sevenseas is sponsored by Diamantis Pateras Maritime Limited and Nautilus Ener…
It seems that the added influx of crude oil cargoes in China, as a result of the increased power of the so called “teapot” refiners is bound to wane. In its latest weekly report, shipbroker Gibson noted that “it has been three years since the Chinese g…
Tanker Market and Chinese Independent Refiners: Is there Hope? Read More »