Crude tankers fitted with exhaust gas scrubbers appear to be benefiting from the technology in the first month of 2020 as fuel price rises add a jolt of volatility to the market

Any retaliation by Iran that involves the Strait of Hormuz could add to market panic and provide an elevated risk premium for vessels willing to transit the area

Oil major Shell remained solidly in the number two slot, while Vitol jumped up to third position in 2019

Mrs Joshi will hold the position of managing director until May 2022

Following the disposal, FSL’s fleet will consist of 16 vessels

Greek owner says the numbers suggest a trend that goes beyond usual seasonal uplift

Three medium-sized fully-refrigerated LPG carriers from Hartmann Reederei will come with remaining charter periods to Geogas, Total and Mexican charterer Grup Nieto, say market sources

The immediate restoration of imports would induce long-haul shipments, which is likely to boost tonne mile demand for all shipping segments

The deals are seen as potentially helping the UAE-based group to gain more market presence in one of Southeast Asia’s fastest-growing economies

Having built an illustrious career in the oil and petrochemical trade, SLNG chief executive Tan Soo Koong has moved on to invest time in boosting LNG adoption in maritime and other sectors aside from power generation. He is confident the lack of gas resources would not hold back Singapore from asserting its claim as Asia’s LNG trading hub

Mundra and a second new terminal, Jaigarh, are expected to come online this year, bolstering India’s LNG import capacity

Probunkers is hopeful of proceeding to final contract discussions with the yard ‘in the next month or so’

Herbjorn Hansson’s company has booked one of its 23 suezmax tankers for a time charter equivalent of more than $100,000 per day

The sale is expected to generate about $66.6m in cash for the company, after settling debts associated with the vessels

LNG carrier owner has also announced a special dividend to shareholders