MR

Weekly Market Report -Week15, 2021

VLCC

The Arab Gulf sector moved into the slower lull period this week, with April stems nearing
completion and May cargoes only starting to appear. As per the norm over this period, inquires slowed; however, world-scale rates saw a slight uptick due in part to rising bunker prices and in part to surging activity in the Atlantic Basin.

TD3C increased over 4 points through the week with today’s assessment ending ws35.38, yielding a TCE of about $3,200 per day. In the Atlantic Basin, an influx of...

https://mfame.guru/weekly-market-report-week15-2021/

Tanker Fuels That Are The Best For Profits And Safe For The Environment

Alternative ship fuels and fuel technologies are already available and new ones are emerging. These create pathways for newbuilds to comply with the International Maritime Organization’s long-term greenhouse gas (GHG) emissions reduction ambitions while staying competitive. Shipowners require evidence to choose between pathways, reports DNV.

The Zero-Emission Vessel project

To support such decision-making, DNV has been collaborating in a joint industry project (JIP) evaluating fuel technology...

https://mfame.guru/tanker-fuels-that-are-the-best-for-profits-and-safe-for-the-environment/

Torm Purchases 8 MRs From Team Tankers In A Partly Share-Based Transaction

Denmark’s Torm is buying eight Croatian-built MR tankers from Team Tankers, paying for the ships with $82.5m in cash and the issuance of 5.97m shares and the transaction takes the Torm fleet to 83 vessels, says an article published in Torm.

Tanker Ships List

The ships are the,

  • Team Amorina,
  • Team Allegro,
  • Team Corrido,
  • Team Cavatina,
  • Team Leader,
  • Team Discoverer,
  • Team Voyager and
  • Team Adventurer.
Ships & Shipments

The vessels – all built between 2007 and 2012 – will deliver in Q2 and Q3. Based on...

https://mfame.guru/torm-purchases-8-mrs-from-team-tankers-in-a-partly-share-based-transaction/

EU Keen on Zero-Emission Stresses ETS for Shipping by 2022

  • In a move that will be seen as piling pressure on shipping regulators and the shipping industry the Environment Committee of the European Parliament voted to add shipping emissions to its carbon Emissions Trading Scheme (ETS).
  • Up to now, shipping has been excluded from carbon reduction measures from the European Union (EU), but the latest move means that a vote will be taken in the European Parliament in September.
  • And if passed each member state will need to approve the new legislation, which...

https://mfame.guru/eu-keen-on-zero-emission-stresses-ets-for-shipping-by-2022/