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Boost for Bunker Demand as Tankers Join Boxships in Taking Longer Routes
May 7, 2020 ... have joined container ships in taking longer routes while bunker prices are low. At least three VLCCs have embarked on journeys from Saudi Arabia to Northwest Europe taking the longer route ...
VLCC Bookings For Floating Storage Reach at Least 71: Argus
May 4, 2020 ... number of VLCC tankers booked since March with the option to store oil has reached 71, according to price reporting agency Argus Media, as the current oversupply in crude markets fills ...
US Gulf VLCC Rates Lose 28% on Week: Platts
May 1, 2020 ... rates for VLCCs loading in the US Gulf have dropped by 28% over the past week, according to price reporting agency S&P Global Platts, in a sign the tanker markets may be starting to ...
Sinopec May Buy Hin Leong's Stake in Singapore's Universal Terminal
Apr 23, 2020 ... on Jurong Island, has 2.33 million cubic metres of storage and 15 jetties, including two for VLCCs, as well as nine bunker barge ...
Pricing, Market Structure to Change Under IMO2020 Rule: Argus Media
Sep 10, 2019 ... become increasingly "segmented" making the it harder to price. Market features such as the loading VLCCS [with fuel oil] for arbitrage may change while the importance of Rotterdam barges as a ...
IMO2020: Singapore Owner Starts Transition to 0.50%S Bunkers
Jul 25, 2019 ... fleet is starting to burn LSFO." Those initial tests include the use of IMO2020 grade bunkers on VLCC Pu Tuo San. With a fleet of 82 tankers and 51 support vessels, Ocean Tankers says it will ...
LR OKs Wind, LNG-Powered VLCC
Jun 11, 2019 ... Heavy Industries Co. (SHI) has received an approval in principle (AiP) from LR for a novel VLCC design propelled by LNG and wind power. The so-called VLCC2020 features a 6,000 cubic metre ...
Top 5 Singapore Bunker Supplier buys VLCC
Mar 29, 2019 ... ranked Singapore bunker supplier Equatorial Marine Fuel Management Services has bought a vintage VLCC being used as floating storage. Records from shipping database VesselsValue.com (VV) ...
Brightoil in Talks to Sell Zhoushan Terminal, 15 Vessels
Jul 30, 2018 ... talks to sell its Zhoushan Oil Storage and Terminal Facilities along with 15 vessels, including VLCCs, Aframaxs, and barges. "These two intended sales, once realized, shall bolster the ...
Lanka IOC to Boost Bunker Sales at Trincomalee
Oct 11, 2017 ... most of the time water remains sheltered. It has 50 meter deep draft at anchorage and even ULCCs/VLCCs can take bunker fuel at very competitive rates without any impact of weather," Singh ...
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Malaysian Authorities Detains Vessel Suspected of Carrying Illicit Diesel

Malaysian Authorities Detains Vessel Suspected of Carrying Illicit Diesel

Authorities in Malaysia have detained a vessel in Melaka waters for carrying about 50 mt of suspected diesel without valid documentation.

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NEMO Says Integration, Not Technology, Is Key to Nuclear Shipping Rollout

NEMO Says Integration, Not Technology, Is Key to Nuclear Shipping Rollout

The international group promoting nuclear maritime technology says coordinated action across regulation, classification and insurance will be key to deploying nuclear power at sea.

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Investment Firm Eurazeo Secures €175 Million First Close for Maritime Decarbonisation Fund

Investment Firm Eurazeo Secures €175 Million First Close for Maritime Decarbonisation Fund

The fund's capital will be used to finance lower-emission vessels and maritime assets for small and mid-sized European operators.

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