The weak position of China’s crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 million barrels per day of oil being available for storage. China’s refineries processed 14.29 million...

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ABS has completed an industry-leading safety evaluation of ammonia dispersion on board an ammonia-fueled gas turbine LNG carrier design from Hanwha Ocean. ABS, in collaboration with Hanwha Ocean, conducted computational fluid dynamics simulations that modeled...

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Spot premiums for fuel oil climbed on Monday after bids for November cargoes inched higher. Singapore 380-cst high sulphur cash premium was pegged at $7.25 a metric ton. Meanwhile, cash premium for 0.5% very low sulphur fuel rose to $7.75 a metric ton. However, the...

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The Baltic Exchange’s main sea freight index dipped on Monday to its lowest level in over eight months, dragged down by less demand across the capesize and panamax segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 30...

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An increase in returns has lured more ship owners into investing in the tanker sector, through newbuilding contracting. In its latest weekly report, shipbroker Gibson said that “investment in new tankers today is not a simple decision, considering mounting...

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Demand for holiday-related goods nudged the Port of Long Beach to its most active September and busiest quarter on record as shippers continued to move goods ahead of a labor contract deadline for seaports on the East and Gulf coasts that resulted in a three-day...

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