A lack of tonnage is becoming evident in the ship recycling market, as the firming up of the freight market has limited selling opportunits among ship owners. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with owners still e…
Lack of Tonnage Prevalent in the Demolition Market Read More »
The snowstorm that hit Texas in the middle of February caused a 1.1 million barrels per day (bpd) drop in US crude oil production between the second and third week of that month. In the week ending 19 February, US crude oil production averaged 9.7m bpd…
BIMCO: US crude oil production takes 1.1m bpd hit due to snowstorm Read More »
VLSFO has been tight for prompt deliveries in ARA ports in the past week, and its prices have been supported by persistently low European refinery runs. ARA’s independent fuel oil inventories, which include both low and high sulphur grades, have been d…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
Ship owners have been more active in the newbuiding market after China’s return from its New Year festivities. In its latest weekly report, shipbroker Allied Shipbroking said that “interest remained strong for yet another week in the newbuilding market…
Newbuilding Orders Pick Up Pace Read More »
“The bunker market has one big problem and that’s a lack of transparency,” says Ove Munthe-Kaas. Munthe-Kaas is working with a team to develop a bunker procurement tool that is bringing shipowners together for more transparency in the bunker market. Bu…
150 shipowners join forces for more real-time transparency in the bunker market Read More »