TOKYO : ClassNK has issued an Approval in Principle (AiP) for a design concept of the hydrogen-fueled engine compatible 5,000KL oil tanker with electric propulsion system developed by
SINGAPORE : Singapore’s Port Authorities are racing to clear up a serious oil slick after a Van Oord dredger hit a bunker tanker near Pasir Panjang Container Terminal
DUBAI : The Maritime Standard is launching the programme for the 2024 edition of its well established Tanker Conference, now in its 9th year, which will take place
MUMBAI : Great Eastern Shipping Company has contracted to buy a Medium Range product tanker of about 49,990 dwt on 06 June 2024. The 2013 built vessel is
DUBAI : The Maritime Standard is pleased to confirm that the ninth annual The Maritime Standard Tanker Conference will take place on Thursday 7th November 2024. The conference
NEW DELHI : Indian refiners’ use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared
NEW DELHI/MOSCOW : Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers,
LONDON : “In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for
LONDON : “In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise in orders
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