LONDON : Supply/demand balance For crude tankers, we forecast that the supply/demand balance will tighten further during both 2024 and 2025. Low fleet growth, along with increasing sailing
ISTANBUL : Specialized ship manager Chemfleet has confirmed that an in-service Berg Propulsion upgrade to control systems onboard the tanker YM Miranda has yielded fuel savings of around 10%. Trials
LONDON : “In 2023, only seven product tankers with combined deadweight tonnes (DWT) capacity of 265,000 were recycled. This was a year-on-year drop of 82% compared to 1.5
SHANGHAI : COSCO Shipping Energy Transportation, has recently finalized significant shipbuilding agreements, securing contracts for the construction of six new tankers valued at a total of $449 million.
HAMBURG : COLI Group’s subsidiary Asia Break Bulk (Singapore) has entered a Strategic Partnership with CSL Shipping (China). CSL & ABB will work closely together to market CSL’s
LONDON : Several shipping companies and a few liquefied natural gas (LNG) tankers have decided to avoid the world’s main East-West trade route, following attacks launched by Yemen’s
HAMBURG : Bernhard Schulte expands its fleet portfolio and announced the order of its first CO2 tanker. The newbuilding will be constructed at Dalian Shipbuilding Offshore (DSOC) and will
SINGAPORE : MariApps Marine Solutions (MariApps), with expertise in maritime digital solutions for maritime organizations, announced an agreement that will enhance the digitalization of Kuwait Oil Tankers’ Company
MUMBAI : Total Movements, a member of the Worldwide Project Consortium (WWPC) in India, successfully executed a door-to-port movement of 8 pieces total 1200 freight tons of ODCs
LONDON : The capesize market started the week on a sluggish note with the PPA conference in Perth creating a quieter atmosphere, leading to reduced trading volumes in