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Tankers: VLCCs on Small Gains

06/08/2018

VLCC
Marginal gains in the ME Gulf market, with rates for 270,000mt to China paying around WS 54. For USG discharge, ENI paid WS 26.5 Cape/Cape for 280,000mt up over six points and there is now talk of Petronas having

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British Ports Association comments on likelihood of a ‘no deal’ Brexit

06/08/2018

Following the publication of separate research by Maritime UK and the Institute of Directors which found that many business leaders think that a ‘no deal’ Brexit outcome is now likely, the British Ports Association’s Chief Executive, Richard Ballantyne has called

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06/08/2018
Tankers: Higher Bunker Costs Will Lead to Increased WS100 of up to 17%
With bunker costs now at an average of 30% higher compared to the comparative period of the past year, it's
06/08/2018
Dry Bulk Market: Capesize Market Dominated By Vale
Capesize Vale dominated the news for the big ships, with reports Brazilian miners took 20 ships, or more, for August positions
06/08/2018
UASC sues WFS alleging off-spec bunkers
Dubai-based shipowner United Arab Shipping Company (UASC) has filed suit against Miami-based marine fuels provider World Fuels Services (WFS) seeking
06/08/2018
MABUX says bunker prices may turn into a phase of irregular changes next week
It was mostly a quiet week for world oil indexes. Geopolitical tensions threatened both Iranian and Saudi Arabian oil, but
06/08/2018
Oman Shipping Reports Rapid Growth For New VLCC Chartering Desk
A new commercial chartering desk set up by Oman Shipping Company (OSC) has secured more than 100 fixtures with world’s
06/08/2018
Thun Tankers adds niche port max sized tanker – increases partnership with Wisby Tankers
We are pleased to announce that Thun Tankers will strengthen the existing fleet with m/t Wisby Teak. The Wisby Tanker
06/08/2018
Saudi Arabia to resume oil exports through Red Sea lane
Top oil exporter Saudi Arabia said on Saturday it would resume all oil shipments through the strategic Red Sea shipping
06/08/2018
Sulphur cap regulation to squeeze Nigerian shippers by N1.8trn
The new International Maritime Organisation (IMO) decision to lower its global marine fuel sulphur limit to 0.5 percent in 2020
06/08/2018
DP World: Media Statement on Djibouti’s Doraleh Container Terminal: “Djibouti does not recognise the international rule
The recent statement by the Djibouti government states that it does not acknowledge the decision of the London Court of
06/08/2018
Sinopec Is Said to Delay U.S. Oil Purchases Amid Tariff Concerns
China's largest refiner, Sinopec, will hold off on buying U.S. crude as an escalating trade war between Beijing and Washington
06/08/2018
Oil market braces for ‘a major supply shock’ — and it could propel crude prices skywards, analysts say
Oil prices could soon rally above $90 a barrel amid growing concerns over the prospect of steep declines in Iranian
06/08/2018
GLOBAL LNG-Asian prices climb as Japan swelters
Asian spot liquefied natural gas (LNG) prices rose for a second consecutive week as sizzling high temperatures continued to grip
06/08/2018
Nigeria: NPA to Open Eastern Ports With N1 Billion Investment – Usman
The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, has expressed the agency’s willingness to open up
06/08/2018
India plans to set up LNG terminal in Myanmar
India is planning to set up a liquefied natural gas (LNG) import terminal in Myanmar as it looks to expand
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