The fuel surcharges some container shipping companies are intending to pass on to customers as they look to meet the 2020 sulphur cap could be reduced for the mutual benefit of shipowners and operators, as well as their customers, given the technologies available for reducing fuel consumption, says...
https://www.hellenicshippingnews.com/2020-fuel-surcharges-could-be-reduced-says-fuelsave/
Leading classification society ClassNK has analyzed the retrofitting status of ballast water management systems (BWMS) on its registered ships and confirmed that installation deadlines based on the Ballast Water Management Convention (BWM Convention) for many of them are highly concentrated in the...
The warning signs are there – the industry isn’t finding enough oil. Guyana is one of the very few giant oil discoveries made during the downturn. Fact is, we need more Guyanas, a lot more, and we need them soon. Without them, the oil market is in danger of tightening in the not too distant …
https://www.hellenicshippingnews.com/the-case-for-investing-more-in-exploration/
Trade will continue to expand but at a more moderate pace than previously forecast. The WTO anticipates growth in merchandise trade volume of 3.9% in 2018, with trade expansion slowing further to 3.7% in 2019. The new forecast for 2018 is below the WTO’s 12 April estimate of 4.4% but falls within...
https://www.hellenicshippingnews.com/wto-downgrades-outlook-for-global-trade-as-risks-accumulate/
The Bomin Group, a supplier of marine fuels, announced that it will exit the bunker markets in Singapore and Antwerp. Going forward Bomin will operate from only two offices: Houston and Hamburg. The two offices will serve all Bomin customers in all German ports, the US Gulf Coast, Panama, Norfolk,...
https://www.hellenicshippingnews.com/bomin-exits-the-bunker-markets-in-singapore-and-antwerp/
China and India’s LPG demand has slowed compared to the past few years, according to ESAI Energy’s newly published Global NGL Outlook. The two markets have been the locomotives of global demand growth, accounting for a combined 190,000 b/d increase in demand last year. This year, however, demand...
https://www.hellenicshippingnews.com/global-lpg-demand-growth-falters/
Crude oil surpassed hydrocarbon gas liquids (HGL) to become the largest U.S. petroleum export, with 1.8 million barrels per day (b/d) of exports in the first half of 2018. U.S. crude oil exports increased by 787,000 b/d, or almost 80%, from the first half of 2017 to the first half of 2018 and set a...
VLCC Rates for 270,000mt, from the Middle East Gulf to both China and Singapore, were marginally firmer at WS 56.5/57.5, and a US Gulf-bound cargo to the US Gulf done at WS 20 Cape/Cape, but now assessed at WS 21.5. West Africa to China gained two points to WS 57, basis 260,00mt, US Gulf to …
https://www.hellenicshippingnews.com/tanker-market-vlccs-looking-for-new-direction/
Trafigura Group Pte Ltd (“Trafigura”), one of the world’s leading independent commodity trading companies, has named the first of its 35 crude oil and product tankers being built in South Korea and China. Today’s naming ceremony took place at Hyundai Samho Heavy Industries’ shipyard in Jeolanam-do,...
https://www.hellenicshippingnews.com/trafigura-leases-35-crude-oil-and-product-tankers/