Proman Stena Bulk, the joint venture between leading tanker company Stena Bulk and the leading methanol producer Proman, has today announced the successful completion of the first ever barge-to-ship methanol bunkering on the US Gulf Coast. The JV tankers Stena Pro Marine and Stena Prosperous were refuelled with methanol via barge while discharging clean petroleum … Read more
Nor-Shipping has revealed the final shortlist for this year’s Next Generation Ship Award, with the winner to be announced on Monday 5 June at Oslo City Hall. The prestigious accolade, now in its tenth year, pits newbuilds, retrofits and conversions against one another, with the title going to the project trailblazing new industry standards for … Read more
Western price caps on Russian exports coincide with steep discounts on Russian crude and diesel — but not because of the caps themselves. There are fewer buyers of Russia’s exports, with the EU, U.S., U.K. and Australia banning cargos altogether and others pulling back in fear of future sanctions. The lower the competition, the lower … Read more
Drewry’s composite World Container Index increased by 4% to $1,773.58 per 40ft container this week – the first increase in 15 weeks. Our detailed assessment for Thursday, 20 April 2023 • The composite index has increased by 4% this week, but has dropped by 77% when compared with the same week last year. • The … Read more