Tankers & Gas
Experts from the IOPC Funds urged to continue investigation to find polluter
A vaccine-led recovery is under way for the crude and product tanker markets but the underlying fundamentals that determine its speed and magnitude have never been so uncertain
Unipec dominates the dirty spot market, with 453 reported fixtures representing 100.6m tonnes of cargo, which is almost equal to the next five charterers combined
The company announced it is buying three new suezmaxes and one very large crude carrier as it launches a joint development programme with HHI, Lloyd’s Register and DNV to enable the deployment of tanker-fitted VLCCs and suezmaxes
Braemar ACM research analysts expect modest upsides for dirty tankers owing to China’s latest tax plan. The observers think the tax levy will be neutral for product tanker demand in Asia Pacific
The product tanker owner agrees with 10 banks on its first ever syndicated sustainability-linked financing deal. Its fleet’s emissions performance will affect future margin adjustments
How quickly and effectively coronavirus vaccine is rolled out globally will determine timing of the rebalancing oil tanker market, company says
‘This is a significant impact to one of the world’s largest concentrations of olefins capacities, just under 20% of the global total, and tops recent disruption seen in August 2020 from Hurricane Laura,’ WoodMac’s analyst says
The joint venture will operate a network of eight terminals in five strategic ports on India’s east and west coasts
An oversupply of vessels amid fewer cargoes as gas prices rise stifles rates which Cleaves estimate will surge in 2022 and potentially exceed $100,000 per day
The loan will be connected to Poseidon Principles carbon intensity targets and will finance two dual-fuel LPG newbuilds set for delivery over the next few months
Fund’s fair market value rises to $45m with acquisition of a pair of 3,315 cu m semi-refrigerated liquefied petroleum gas carriers
The ports will offer a 50% discount on port dues, pilotage and berth hire charges for vessels using dual-fuel engines with liquefied natural gas as primary fuel
Four of the company’s five steam engine LNG-powered ships as well as newer tri-fuel diesel electric LNG-powered ships recorded declining CO2 efficiency performances in 2020
The French energy major will charter two 174,000 cu m liquefied natural gas carriers from Sovcomflot for up to seven years
An order for three 180,000 cu m vessels, which are scheduled to be delivered by February 2024, has been placed by an unidentified buyer
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