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So far Matrix Owner has created 536 blog entries.

Approval Explorer – a new search engine to identify, locate and contact certified service suppliers and product manufacturers

Paris-La Défense, France, June 21, 2018 – Bureau Veritas Marine & Offshore today launched the latest addition to their end-to-end and integrated platform of digital tools and services, Approval Explorer, a free and user-friendly web application available on any electronic device. The new Approval Explorer tool uses a powerful search engine, which allows all maritime [...]

By | June 21st, 2018|News|0 Comments

Suezmaxes Find Utilization Support

Throughout May, we observed Suezmax freight rates make considerable gains compared to the previous month with TD6 trading up about 16% month-on-month. Gains along this trade as well as others can be attributed to 63.4% utilization in May versus 62.1% the prior month (Figure). This is driven by stronger demand fundamentals against vessel supply (which [...]

By | June 21st, 2018|News|0 Comments

Vitol behind VLCC to light-load at Enterprise Texas City dock: sources

Vitol has chartered the tanker FPMC C MELODY to load at least 1.1 million barrels of crude oil at Enterprise Products’ Texas City dock on the Houston Ship Channel, according to market sources, the first time crude was loaded onto a VLCC there. Enterprise leases the Texas City docks from the Port of Texas City [...]

By | June 21st, 2018|News|0 Comments

Will the trade war derail the dry bulk market’s recovery? It certainly can

For a long time, dry bulk ship owners were looking ahead to 2017-2018 as the years during which they could enjoy the benefits of the market’s rebalancing and see freight rates recover above break-even point, for a first time in years. However, few – if anyone – could have predicted that the world economy would [...]

By | June 21st, 2018|News|0 Comments

Shipping industry presses to undermine European Ship Recycling Regulation

On Monday, the EU member states’ experts on ship recycling met in Brussels to discuss the latest developments, six months ahead of the application of the 2013 Ship Recycling Regulation. With the recent decision by the Chinese government to stop the import of end-of-life ships for scrapping, the shipping industry is quick to lament that [...]

By | June 21st, 2018|News|0 Comments

LNG preferred as transport fuel, but lack of infrastructure a barrier – Deloitte industry survey

Switching to liquefied natural gas (LNG) is the preferred solution for shipping companies to adopt in order to meet the International Maritime Organization’s (IMO) stringent new international emissions standards for marine bunker fuels, according to the findings of a survey by Deloitte. However, a lack of refuelling and bunkering infrastructure has been identified as the [...]

By | June 21st, 2018|News|0 Comments

World Cup Countries Crude Tanker Demand

Group A in the World Cup contains the host nation Russia, and Saudi Arabia, two of the largest crude oil producing countries in the world. The chart shows the contribution each country contributes to global demand for tankers. However the games shake out Saudi Arabia is the clear winner in terms of creating seaborne ton [...]

By | June 20th, 2018|News|0 Comments

Tariff threat from China may shift global oil flows

Chinese tariffs on US energy exports would affect roughly one of every four barrels of oil the US currently ships to foreign refiners and, if ultimately imposed, would spark a significant shift in global crude flows, analysts said Monday. China, which threatened the retaliatory tariffs on US energy exports over the weekend, would need to [...]

By | June 20th, 2018|News|0 Comments

Middle East bunkers provide safe port in IMO 2020 storm

Shipping fuel markets are facing a historic shakeup. A new global sulphur cap at the start of 2020 will force most vessel owners to switch from burning fuel oil to more expensive, cleaner alternatives. But as the deadline approaches, few are ready for the shift The decision by the International Maritime Organisation (IMO) in October [...]

By | June 20th, 2018|News|0 Comments

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