Tankers & Gas
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Cameroon pledges flag crackdown amid shadow fleet surge
Cameroon’s government-run ship register has been booming as a result of other flags ejecting sanctioned tonnage under pressure from the EU. Now the Yaoundé government is under pressure to crackdown as well
Flag state guidelines will add scrutiny but will not fix failing registers
Tanker rates outlook murky as China stocks up on heavily discounted Russian barrels
Limited ‘swing’ tonnage to support chemical tanker rates, says Odfjell
Russia crude ban would cost marine underwriters hundreds of millions of dollars
Gianluigi Aponte stands behind Sinokor spree now surpassing 40 VLCCs
Box shipping mogul Gianluigi Aponte, the man behind the largest container line in the world, is said to have earmarked up to $5bn for a massive tanker play and is now being linked to potential VLCC newbuild orders in China
Tanker rates outlook murky as China stocks up on heavily discounted Russian barrels
Geopolitics and economics continue to sway tanker rates as January’s bullishness begins to fade
The Horse gallops — but towards what?
Shipping loves disruption. The Year of the Horse promises plenty — but hopefully not too much
Flag state guidelines will add scrutiny but will not fix failing registers
The IMO is considering how to stem the misuse of flags and deter fraudulent registration and fraudulent registries of ships, but the guidelines about to be considered will not be legally enforceable and are expected to run into sanctions-related resistance
Pan Ocean joins South Korea’s VLCC buying spree with purchase of 10 secondhand tankers
Pan Ocean has struck a Won973.7bn deal to buy 10 secondhand VLCCs from SK Shipping and will add two newcastlemax newbuildings, deepening its fleet expansion as South Korean owners ramp up tanker investments
Hengli Heavy Industries stacks up more orders for big bulkers, boxships and tankers
With strong global demand for large crude tankers and limited capacity at state-owned rivals, Hengli HI is positioning itself to capitalise on the current shipbuilding upcycle
Ukraine war impact can be mitigated by best practice, says Skuld
Practical measures can reduce risks from naval and aerial drone strikes, sea mines and SatNav interference
Limited ‘swing’ tonnage to support chemical tanker rates, says Odfjell
Swing tonnage, mostly provided by MR tankers, is at historically low levels due to strong product tanker earnings
Venergy Maritime newbuild spree rolls on
One-year-old shipping firm of maritime environmental services group orders more boxships as well as tankers
NorthStandard confirms firm P&I renewal round
Biggest UK-based marine mutual ‘not going soft’ with focus on improving combined ratio
Dorian eyes strong market this year as LPG exports hit new record
US-listed operator of 27 VLGCs is completing upgrade of fleet with energy-saving devices
Syrian trade surges nearly sixfold a year after government takeover
Syria’s traceable maritime traffic has peaked to its highest level since the civil war ended and sanctions were gradually lifted, as the country’s need for crude oil and LPG is increasing
First Venezuelan LPG export cargo departs for US
Loading of cargo on Greek-owned LPG carrier Chrysopigi Lady was ‘historic’, according to interim president
Beijing throws weight behind Shanghai’s green bunkering push
The port leads in green methanol but lags Singapore in LNG and pricing power
UK P&I Club maintains $500m war risks P&I limit
2026 renewal preserves existing war risks limits alongside exclusions relating to Russia, Ukraine and Belarus
Another idle Chinese shipyard springs back to life as capacity nears 2010’s peak
Strong demand and full berths at leading yards fuel wave of shipyard reactivations across China
New Zealand LNG terminal plan signals opportunity for smaller gas carriers
Gas imports could play a bigger long-term role in bridging the gap between renewables power generation in New Zealand’s energy mix
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