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China escalates trade dispute with new tariffs on US goods

Beijing’s new tariffs on $75bn of goods imported from the US will increase tensions

Asia Pacific North America

New bunker derivative touted to bolster IMO 2020 hedge

Shipowners can start hedging their bunker bets against a new futures contract that will be priced against a weighted average of actual bunker trades as guided by pricing agency, Argus Media 

Singapore Bunkers

StealthGas acquires two LPG ships

The acquisition of the vessels, one a newbuilding and the other a 2007-built, 38,000 cu m fully refrigerated vessel, marks StealthGas’ entry into new vessel segments

International Tankers and Gas

VLGC market has adapted to the Sino-US trade spat, says Avance Gas

Middle East LPG exports in the second quarter came up to 8m tonnes, up by 200,000 tonnes compared to the first quarter of 2019

International Tankers and Gas

Okeanis eyes boost to winter tanker market from sulphur cap

The Oslo-listed tanker owner believes the necessary criteria are in place in the backdrop to enhance the VLCC recovery in the markets

VLCC Suez and Aframax

Topaz Energy reports revenue rise despite ‘challenging’ market

In the first half of the year, earnings before interest, taxes, depreciation and amortisation rose 83% to $141m from $77m

Offshore Finance
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