China reduced daily purchases of Russian Arctic oil grades, Novy Port, ARCO and Varandey, by more than a fifth in January-October this year compared with the same 2023 period, according to data and calculations by analytical firm Vortexa and Reuters. China’s oil...

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While the industry continues its search for fuels that have less GHG emissions, the age-old method of utilising wind to propel ships is starting to come back into use with newer designs and technology. This is certainly a welcome development, but with new equipment...

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Clean LR2 Tonnage has remained plentiful for MEG LR2’s this week. As a result, we have seen TC1 75kt MEG/Japan drop to less the WS100 for the first time since July 2023, with index dropping 8.61 points WS95.83. The TC20 90kt MEG/UK-Continent came down $262,500 to...

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Maritime supply chains remain the backbone of the global economy. Eighty percent of global trade by volume, and over seventy percent by value, is transported by sea. Maritime supply chain security is therefore paramount to prosperity worldwide, which means that...

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With the announcement of Morten Hougaard Sørensen entering the Chief Business Development Officer role at Blue World Technologies, the company is taking an additional step in strengthening its commercial focus. Having worked in the fuel cell industry since 2006 and...

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The expansion of Canada’s Trans Mountain Pipeline (TMX) is set to reshape the North American oil landscape, which of course will have a significant impact on the tanker market. In its latest weekly report, shipbroker Intermodal said that “the recent expansion of...

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