LNG shipping rates were hit during the third quarter of 2020, as demand was hit and outages in various facilities triggered supply issues as well. In a recent analysis of the LNG shipping market, GasLog said that “LNG demand was 84 million tonnes (“mt”…
Demand for bulk carriers in the global grain and soya trades is receiving a boost from strongly rising imports into China. These are mostly long-distance movements, further enhancing bulk carrier employment. After expanding over the past twelve months,…
China’s grain and soya imports upsurge Read More »
BW LPG’s BW Gemini is the first of 12 vessels to get retrofitted with dual-fuel propulsion engines in China. On 4 November 2020, the vessel received class certification and embarked on a historic Transpacific voyage with LPG as its primary fuel. In ord…
Dual-fuel LPG propulsion: A Smart Decision Or A Premature Move? Read More »
The tanker market is bound for a revival, but just how soon this will come is anyone’s guess. In its latest weekly report, shipbroker Gibson said that “the announcement that a Covid-19 vaccine developed by Pfizer/BioNTech is over 90% effective in trial…
Tanker Owners Could be in For More Pain Read More »
Capesize Any lingering doubts concerning the short-term prognosis for the capesize market were swept away this week as the timecharter average shed $2,350 to close at $12,498. A number of factors prevailed, but the erosion in sentiment largely emanated…