Zhejiang

Eastern Pacific Inks 15-year VLEC Charter Deal

Singapore based Eastern Pacific Shipping wins dual fuelled ethane carrier deal as US-China trades rise, reports Lloyd’s List.

Ethane carrier deal

EASTERN Pacific, the Singapore-based shipmanagement company won a bid to build and operate four VLECs.

The company will build and operate four 98,000 cu m very large ethane carriers for a Chinese petrochemical company that is about to start shipping regular cargoes of the refrigerated gas from the US Gulf.

China’s export dominance 

The 15-year deal with...

https://mfame.guru/eastern-pacific-inks-15-year-vlec-charter-deal/

China Shows Dominance in Oil Tanker Market as IMO-2020 Approaches!

According to an article published in Bloomberg, China’s demand for crude oil shows no signs of abating.

Increased movement of supertankers

There are currently more supertankers bound for the Asian nation than at any time since the start of 2017 and possibly longer. That could signal that China’s refineries are planning to run hard through the end of the year when the shipping industry is moving to cleaner fuel standards. China could also be working to secure supply following recent tensions in...

http://mfame.guru/china-shows-dominance-in-oil-tanker-market-as-imo-2020-approaches/