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VLCCs: Rates On Reverse Mode

July 6th, 2020|0 Comments

VLCC In the Middle East Gulf, rates eased a single point from last week’s levels with 270,000mt to China now around WS35, a round trip time-charter equivalent of about $20k pd, whilst for 280,000mt to [...]

Marine fuel market facing tougher Q3 as supply rises

July 6th, 2020|0 Comments

Global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said. Third-quarter [...]

ClassNK releases amendments to class rules

July 6th, 2020|0 Comments

Leading Classification Society ClassNK has released amendments to its Rules and Guidance for the Survey and Construction of Steel Ships issued on 30 June 2020. ClassNK is constantly revising its Rules and Guidance to make [...]

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