Tankers & Gas
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Adnoc L&S joint venture exercises option for two more VLACs at Jiangnan Shipyard
Jiangnan Shipyard opens its first Middle East office in Abu Dhabi to explore opportunities in the regional market
VLCC rates suddenly spike amid ‘fragile’ market and China worries
VLCC rates posted huge percentage gains on Thursday, although the rise was off seasonally weak levels and broader concerns remain on Chinese demand and the duration of Opec+ production cuts
Panama Canal ends fiscal year 2024 with 29% plunge in total transits
Ship transits through the Panama Canal were flat in September versus August, as the waterway continued to handle fewer vessels per day than available reservation slots. In the fiscal year that ran through the end of last month, transits fell by almost a third versus the prior year
Will it take a ‘Prestige’ moment to tackle the dark fleet threat?
The dark fleet poses a threat to shipping safety, but it may take a big, messy and very public European disaster to get that threat onto the political radar
UK strengthens sanctions regulator as scrutiny of maritime sector intensifies
UK government vows it is ‘resolutely committed’ to strengthening the sanctions regime as it launches a new unit armed with robust enforcement powers and the promise of penalties for those who fail to comply
Lack of multi-stakeholder forum for decarbonisation leaves shipping adrift
Malta Maritime Summit hears that progress towards developing alternative fuels has been slower than hoped-for and transition remains a ‘risky and chaotic’ proposition
Optionality seen helping future fuels pricing challenges
The rapid emergence of alternative fuels has led to an increasingly complex market with an overload of information and opaque pricing
Adnoc L&S joint venture exercises option for two more VLACs at Jiangnan Shipyard
Jiangnan Shipyard opens its first Middle East office in Abu Dhabi to explore opportunities in the regional market
Long-term offtake contracts among challenges to alternative fuel adoption
The sums and commitment terms required are giving many pause for thought
New risk landscape emerging for shipping
Shipping has a reputation for resilience in the face of adversity. But some fundamental challenges in its future could test that to destruction
Adnoc L&S joint venture exercises option for two more VLACs at Jiangnan Shipyard
Jiangnan Shipyard opens its first Middle East office in Abu Dhabi to explore opportunities in the regional market
The lessons of Panama Canal drought for future shipping routes
The 2023-2024 drought at the Panama Canal was historically severe and had major impacts on container, LPG, LNG and dry bulk shipping routes. Alexei Oduber, head of shipping agency GAC Panama, outlines the lessons learnt
Dark fleet’s growing role in seafarer abandonments showcased by ageing gas tankers
A fleet of LPG carriers linked with Iranian gas shipments has amassed an alarming number of abandonments, illustrating the adversity faced by mariners on board dark fleet vessels
VLGC rates recovery gathers pace
After slumping through most of September and making modest gains last week, VLGC rates started October strongly. The Baltic Exchange’s BLPG index more than doubled on Wednesday from last week’s close, reaching its highest level since June
Secondhand ship sales fall as gap between values and earnings widens
Enquiries for secondhand ships remain high. However, market uncertainties and sellers’ resistance to cutting prices are affecting the number of sale-and-purchase deals being concluded
The lessons of Panama Canal drought for future shipping routes
The 2023-2024 drought at the Panama Canal was historically severe and had major impacts on container, LPG, LNG and dry bulk shipping routes. Alexei Oduber, head of shipping agency GAC Panama, outlines the lessons learnt
Shell linked to newbuilding deal for conventional fuel MR tankers in China
Guangzhou Shipyard International is said to have confirmed a newbuilding contract for 10 medium range product tankers for operation with Shell Marine
Singapore to make e-BDNs mandatory by April 2025
The move will make Singapore the first port in the world to put digital bunkering into effect at scale in relation to all of its bunkering operations
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