Recent News

China’s seaborne import of Russian crude jumps 51.4% in May


China’s crude oil imports have doubled from 2011 to 2021 and now account for 20% of global seaborne crude oil volumes. While China’s January to May 2022 seaborne crude oil imports are down 2.2% y/y, a 51.4% m/m boost in imports from Russia has helped lift China’s seaborne crude imports to 42.6 million tonnes in May, up 8.7% m/m and 13.0% y/y.

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Bunker quality – do bunker suppliers have charterers over a barrel?


Charterer’s obligation to provide bunkers in compliance with charterparty specification. Time charterers supplying vessels with bunker fuel oil need to ensure that they meet the contractual specifications set out in the charterparty. This may include a general obligation to provide bunkers fit for purpose and suitable for burning in the main and auxiliary engines.

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China’s COVID-19 Outbreak Introduces New Implications for the Shipping Markets


China’s lockdowns in Shanghai is expected to have a significant impact in the global supply chains and the tanker markets, especially when seen in tandme with everything else that’s been going on in the world’s economy today.

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War in Ukraine will hurt growth in all shipping segments.


Though much uncertainty remains, the immediate commodity price increases and supply challenges caused by Russia’s invasion of Ukraine are likely to be felt throughout 2022. Also, recently implemented sanctions on Russia are not likely to be lifted any time soon. This may have sustained spill-over impact on the global economy.

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Smells like sustainability: Harnessing ammonia as ship fuel


It smells pungent and if a mere 0.5 per cent of the air you breath consists of it, it will kill you. And yet ammonia is being heralded as one of the best zero-carbon fuel options for deep-sea shipping in particular.In this article we will highlight some of the central questions that need to be answered before ammonia-fuelled ships can hit the water, including the supply, sustainability, engine technology and the necessary safety considerations.

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Tankers: Oil Supply to Remain Limited, but Not For Long


Tanker owners are bound to benefit from more oil coming into the market from the start of 2022 onwards, as demand continues to recover. However, with plans around the world to move away from fossil fuels is bound to catch up in the long term. In its latest weekly report, shipbroker Gibson said that “it’s not very often that a leader of a large oil producing nation calls on other oil producing countries to actually pump more oil.

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