admin

/admin

About admin

This author has not yet filled in any details.
So far admin has created 67 blog entries.

EU regulators clear Belgian tax measures for shipping companies

EU competition authorities approved on Monday Belgian tax measures for the shipping industry after the country pledged to open the scheme to all ships flying a European flag. The European Commission said the measures would ensure higher social, environmental and safety standards in Europe. “The Belgian scheme requires that if a shipping company wants to [...]

By | November 7th, 2017|News|0 Comments

Shell Marine Launches New Cylinder Oil For Optimised Engine Performance

Shell Marine has officially launched Shell Alexia 140, a two-stroke engine cylinder oil whose exceptionally high base number aims to deliver the ultimate protection for the most modern efficient engines against cold corrosion issues and the means of optimising oil feed rates when fuel grades change. The launch follows receipt of a No Objection Letter [...]

By | November 7th, 2017|News|0 Comments

Tanker shipping: Q4 only delivers temporary upside as overcapacity remains an issue

Demand: The past couple of months have seen discussions about the rebalancing of the oil markets, only surpassed by discussions on the short-term effects of Hurricanes Harvey and Irma on the tanker shipping market. First things first. The global stocks of crude oil and oil products are being drawn down slowly, as the OPEC-led adjustments [...]

By | November 7th, 2017|News|0 Comments

VLCC Tanker Market Looking to Gain More Positive Momentum, Despite Weekly Drop in Fixtures

Stagnation was the “name of the game” for the VLCC tanker market this past week, but according to shipbroker Charles R. Weber and tanker market specialist, the current fundamentals support further rises in the near future. In its latest weekly report, CR Weber said that “VLCC rates were largely stagnant this week with no clear [...]

By | November 7th, 2017|News|0 Comments

Bunker market is on a way to rebalancing

World fuel indexes rose during the week, supported by main oil producers’ statements about possible extension of oil production cut agreement. However, last few days quotes turned into slight downward movement after US output and export data. MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO at [...]

By | November 6th, 2017|News|0 Comments

Asian, European shippers build fleets of megaships

Shippers increasingly are fielding immense vessels to cut the costs of transporting goods from Asia to Europe, but some fear the trend will keep freight rates at low depths. Voluminous vessels “Large vessels will provide substantial cost benefits,” Junichiro Ikeda, president of Mitsui O.S.K. Lines, said at a naming ceremony last month for the MOL [...]

By | November 6th, 2017|News|0 Comments

Hong Kong bunker fuel market faces supply woes on shipment delays

A delay in shipments to Hong Kong-based suppliers was putting the Hong Kong bunker fuel market under increasing pressure, traders said. The shortage stemmed from shipment delays amid severe weather in Northeast Asia over the past two weeks due to Typhoon Lan and Typhoon Saola affecting bunkering and port operations. Market participants expect the tightness [...]

By | November 6th, 2017|News|0 Comments

Shell holds large Forties crude position, books supertankers – sources

Royal Dutch Shell has built up a sizeable position in November-loading Forties crude which helps set the global Brent benchmark, trade sources said, and looks set to be sending three supertankers of the crude to Asia. Shell was reported on Thursday to have booked two VLCCs – New Vista and Ellinis – to take Forties [...]

By | November 6th, 2017|News|0 Comments

Tanker Market Looking To Take Advantage of New Dynamic in Oil Prices

The new oil market landscape which is shaping up can turn out to be a boon for tanker owners as well. In its latest weekly report, shipbroker Gibson said that “sentiment in the oil market has changed. Brent, which just a few months ago struggled to stay above $50/bbl now seems firmly above $60/bbl having [...]

By | November 6th, 2017|News|0 Comments

Tankers: Americas Aframax freight to steady at w90-w95 after 14% tumble

The cost of carrying crude oil from the Caribbean or the East Coast of Mexico to US Gulf Coast refineries in 70,000 mt Aframax tankers tumbled 14%, as an unusual amount of tonnage opened in the region with first decade November laycans, but shipbrokers do not believe the market will break Worldscale 90 as owners [...]

By | November 6th, 2017|News|0 Comments

Login


Username
Create an Account!
Password
Forgot Password? (close)

Create an Account!


Username
Email
Password
Confirm Password
Want to Login? (close)

forgot password?


Username or Email
(close)