MOL and Idemitsu Kosan to Launch Demonstration Test of Recycling Used Plastics Generated aboard VLCC

TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL) and Idemitsu Kosan Co., Ltd. (Idemitsu Kosan) announced ...

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DHT Holdings, Inc. orders four large VLCCs

 DHT Holdings, Inc. (NYSE:DHT) (the “Company”) announced it has entered into agreem...

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Pavilion Energy concludes first Ship-to-Ship LNG Bunkering operation to Rio Tinto in Singapore

Singapore – Pavilion Energy has successfully deployed the newbuild LNG Bunker Vessel Brassavol...

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Japanese Consortium to Develop Design Concepts for Eco-Friendly VLCCs

(Consortium Signing Ceremony - From left, Ryuichi Osonoe, Director of IINO Lines; Takashi Hiros...

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Singapore Registry of Ships Crossed 100 Million Gross Tonnage

The Singapore Registry of Ships (SRS) surpassed the 100 million gross tonnage (GT) milestone, with t...

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How 2023 became the year of VLCCs

Tankers International’s Head of Research and Insight, Mette Frederiksen, shares her thoughts o...

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MISC Group continues its growth agenda, supporting Energy Security and Transition Initiatives Responsibly and Sustainably

The MISC Group (The Group) strengthens its position as a progressive maritime conglomerate with the ...

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Signet Shipbuilding delivers first ART 92-32W Rotortug

SIGNET SIRIUS, the first of two ART 92-32W Rotortugs® was recently delivered by Signet...

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Korean Shipbuilding Industry Increasingly Anticipating Landing Tanker Orders

In 2024, Korean shipbuilders are likely to benefit from an increase in tanker orders because of incr...

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MODEC delivers FPSO to Woodside Energy

MODEC, Inc. announces that FPSO Léopold Sédar Senghor has departed Singapore and comme...

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EURONAV orders1 VLCC and 2 SUEZMAXES

ANTWERP, Belgium – Euronav NV announces that it has lifted the option for one more VLCC at Qin...

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MOL decided to expand its fleet with 5 New LNG-fueled Capesize Bulkers

MOL decided to expand its fleet with 5 New LNG-fueled Capesize Bulkers, steady progress toward the G...

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The Baltic Exchange: Tanker report – Week 50

The Baltic Exchange: Tanker report – Week 50 Clean LR2 LR’s in the MEG saw frei...

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Tankers International partners with Baltic Exchange to enhance its popular VLCC Fixture app

London – Tankers International, the world’s leading shipping pool for VLCCs, today ...

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The Baltic Exchange: Tanker report - Week 49

The Baltic Exchange: Tanker report - Week 49 Clean LR2 LRs in the MEG saw activity levels p...

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The Baltic Exchange: Tanker report - Week 48

The Baltic Exchange: Tanker report - Week 48 Clean LR2 LR’s in the MEG have been on a...

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Impala purchases the HES Hartel Tank Terminal

Impala Terminals Group announces that it has agreed, following an auction process, to purchase the H...

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World’s First Methanol-Fuelled Engine Ordered for VLCC Segment

CMES underlines reputation as first mover to dual-fuel methanol propulsion. China Merchants Energ...

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The Baltic Exchange: Tanker report – Week 47

The Baltic Exchange: Tanker report – Week 47   Clean LR2 LR’s in the ME...

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K-Shipbuilding Initiates Tanker Procurement, Ending China’s Monopoly

As orders for tankers increase in the global shipbuilding market, South Korean shipbuilders are bein...

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The Baltic Exchange: Tanker report – Week 45

The Baltic Exchange: Tanker report – Week 45 Clean LR2 LR’s in the MEG have bee...

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The Baltic Exchange: Tanker report - Week 44

The Baltic Exchange: Tanker report - Week 44 Clean LR2 LR’s in the MEG have taken a h...

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The Baltic Exchange: Tanker report – Week 43

The Baltic Exchange: Tanker report – Week 43   Clean LR2 LR’s in the ME...

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GTT and Deltamarin secure AiP from Lloyd's Register for The Design of an LNG Dual-Fuel Very Large Crude Carrier

Paris - GTT and Deltamarin have obtained an Approval in Principle (AIP) from Lloyd's Regist...

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Tankers International welcomes new pool partner Kuwait Petroleum Corporation and additional vessel from TRF

London – Tankers International, the world’s largest shipping pool for VLCCs, h...

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The Baltic Exchange: Tanker report - Week 42

The Baltic Exchange: Tanker report - Week 42 Clean LR2 LRs in the MEG have again been at th...

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FueLNG Celebrates Monumental Milestone: 100th Ship-to-Ship LNG Bunkering Operation

Singapore – FueLNG, a joint venture between Seatrium Offshore & Marine Ltd and Shell ...

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The Baltic Exchange: Tanker report - Week 40

The Baltic Exchange: Tanker report - Week 40 Clean LR2 The TC1 index ultimately rose just u...

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The Baltic Exchange: Tanker report - Week 39

The Baltic Exchange: Tanker report - Week 39 Clean  LR2 LR2 freight levels have appear...

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Antonis I. Angelicoussis - First dual fuel VLCC certified by Green Award

LNG dual fuel powered very large crude carrier (VLCC) Antonis I. Angelicoussis is now certified by t...

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The Baltic Exchange: Tanker report - Week 37

The Baltic Exchange: Tanker report - Week 37 Clean LR2 LR2 freight levels in the MEG rose o...

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GTT pursues its developments in The Field of Alternative Fuels with Three Approvals in Principle ABS

GTT pursues its developments in The Field of Alternative Fuels with Three Approvals in Principle ABS...

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The Baltic Exchange: Tanker report – Week 36

The Baltic Exchange: Tanker report – Week 36 Clean LR2 LR2’s in the MEG held st...

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ABS, GTT and DHT Sign JDP to Develop an Optimized LNG Fueled VLCC Design

(SINGAPORE) ABS, Gaztransport & Technigaz (GTT) and DHT Holdings, Inc. signed a joint developmen...

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The Baltic Exchange: Tanker report - Week 35

The Baltic Exchange: Tanker report – Week 35 Clean LR2 LR2’s in the MEG showed ...

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AET delivers LNG dual-fuel VLCC, Eagle Vellore on long-term charter to Shell

Singapore: AET, one of the leading owners and operators of maritime transportation assets and s...

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Maersk Supply Service will Focus on Scale and Competitiveness in Offshore Wind and Offshore Support Vessels

By focusing on fewer business areas and regions, Maersk Supply Service will increase its presence in...

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The Baltic Exchange: Tanker report - Week 34

The Baltic Exchange: Tanker report - Week 34 Clean LR2 LR2’s in the MEG have simmered...

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The Baltic Exchange: Tanker report - Week 33

The Baltic Exchange: Tanker report - Week 33 Clean LR2 LR2’s in the MEG, after hittin...

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The Baltic Exchange: Tanker report – Week 32

The Baltic Exchange: Tanker report – Week 32 Clean LR2 LR2’s in the MEG have su...

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Ticking time bomb dismantled; environmental disaster in Yemen averted

Boskalis subsidiary SMIT Salvage successfully transfers all oil from decaying FSO Safer to safe mode...

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Pavilion Energy and CNOOC Completes First Ship-to-Ship LNG Bunkering Operation

Pavilion Energy and CNOOC Completes First Ship-to-Ship LNG Bunkering Operation to Maran Tankers Mana...

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The Baltic Exchange: Tanker report - Week 31

The Baltic Exchange: Tanker report - Week 31 Clean LR2 After a positive start this week LR2...

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The Baltic Exchange: Tanker report – Week 30

The Baltic Exchange: Tanker report – Week 30 Clean The BCTI finished the week at 671, up...

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The Baltic Exchange: Tanker report - Week 29

The Baltic Exchange: Tanker report - Week 29 Clean LR2 MEG LR2’s have been tested dow...

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Dynacom Tankers signs contract for 2 Very Large Crude Carriers (VLCCs)

Recently, China Shipbuilding Corporation's Dalian Shipbuilding Co., Ltd. and China Shipbuilding ...

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The Baltic Exchange: Tanker report – Week 28

The Baltic Exchange: Tanker report – Week 28 Clean LR2 MEG LR2 demand has been somewh...

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The Baltic Exchange: Tanker report – Week 27

The Baltic Exchange: Tanker report – Week 27 Clean LR2 MEG LR2’s have bounced u...

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The Application of Ammonia-Fuelled Ship Technology Reaches a New Level

Among numerous alternative fuels, ammonia as a zero-carbon fuel is considered one of the b...

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New Breakthroughs in Application Technology of Methanol-Fuelled Ships

The use of low-carbon / zero-carbon fuels in the shipping industry is one of the core means to reduc...

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The Baltic Exchange: Tanker report - Week 24

The Baltic Exchange: Tanker report - Week 24 Clean LR2 MEG LR2’s rebounded late this ...

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Kansai Electric Power Concludes Dedicated Carrier Transport Contract for Newly Built LNG-fueled Bulk Carrier

Kansai Electric Power Concludes Dedicated Carrier Transport Contract for Newly Built LNG-fueled Bulk...

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The Baltic Exchange: Tanker report - Week 21

The Baltic Exchange: Tanker report – Week 21 ...

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The Baltic Exchange: Tanker report - Week 20

The Baltic Exchange: Tanker report – Week 20 Clean LR2 LR2’s took another tumbl...

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Two NYK Group-managed Vessels Win Best Quality Ship 2022 Awards Selected by Pilots

Two vessels, LNG DREAM and Eienmaru, which are managed by the NYK Group, have been awarded the Best ...

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MODEC Awarded Contract by Equinor to Supply the 2nd FPSO in Brazil

MODEC, Inc. has announced that it has signed a Sales and Purchase Agreement (SPA) with Equinor Brasi...

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Bureau Veritas delivers Approval in Principle to GTT for LNG dual-fuel VLCC design

Paris - Bureau Veritas, a world leader in testing, inspection and certification, has delivered ...

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GTT receives

GTT has obtained, in Shanghai, an Approval in Principle (AiP) from Bureau Veritas for the design of&...

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The Baltic Exchange - Tanker report - Week 18

The Baltic Exchange - Tanker report - Week 18 Clean LR2 LR2’s in the MEG took a major...

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The Baltic Exchange: Tanker Report - Week 17

The Baltic Exchange: Tanker report – Week 17 ...

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The Baltic Exchange: Tanker report - Week 16

Clean LR2 LR2s in the MEG this week saw a quick turnaround and a rapid surge in freight rates....

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Boskalis to remove oil from FSO Safer in Yemen to Avert Environmental and Humanitarian Disaster

Boskalis through its subsidiary SMIT Salvage has reached an agreement with the U...

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BIMCO Shipping Number of the Week: Second-hand crude tankers reach highest values in 15 years

“Second-hand crude tanker values for five-year-old ships hit bottom levels in late 2020 and ha...

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Deltamarin and GTT receive approval in principle from CLASSNK for a LNG Fueled VLCC Design

Deltamarin and GTT have received Approval in Principle (AiP) from the classification society ClassNK...

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The Baltic Exchange - Tanker report - Week 15

The Baltic Exchange - Tanker report – Week 15 Clean LR2 LR2s in the MEG this week hav...

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U-Min held a new ship naming ceremony to welcome the 210,000-ton Capesize bulk carrier

U-Ming Shipping, one of the nine listed companies under the Far East Group, and its subsidiary U-Min...

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Baltic Exchange - Tanker report – Week 13

Baltic Exchange - Tanker report – Week 13. Clean The clean product freight market has be...

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Yumin held a new ship naming and acceptance ceremony of 190,000 dwt Dual-fuel Power Capesize Bulk Carrier

Yumin held a new ship naming and acceptance ceremony to welcome the 190,000 dwt dual-fuel power cape...

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Baltic Exchange - Tanker report for Week 12

Tanker report – Week 12 Clean The BCTI finished the week at 1,191, up from 1,077 the pre...

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The Baltic Exchange: Tanker report - Week 10

The Baltic Exchange:  Tanker report – Week 10 Clean The Middle East Gulf has been a...

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DNV awards AiP for a floating ammonia production unit developed by SWITCH2 and BW Offshore

An industrial scale concept for a floating production unit to produce green ammonia has secured Appr...

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ClassNK issues four AiPs for GTT'S latest development projects in alternative fuels

ClassNK has issued four Approvals in Principle (AiPs) to GTT, following latest development projects ...

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AET and PTLCL sign MOU for Zero-Emission Aframax

AET has announced another opportunity to advance our decarbonisation aspirations for shipping with s...

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Chinese Shipbuilders Ahead of Korean Dockyards in January Order Intake

Global shipbuilding orders added up to 1.96 million CGT in January 2023, according to Clarkson Resea...

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Baltic Exchange: Tanker report – Week 4

Baltic Exchange: Tanker report – Week 4 Clean All vessel sizes have been continually pus...

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COVID-19 and Tanker market turbulence

In October 2020, we reported on the extraordinary surge in the tanker market caused by COVID-19 (see...

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Asyad Shipping has signed an agreement with Hyundai Samho Heavy Industries to build two very large LNG Carriers.

Asyad Maritime Transport Strengthens Its Fleet With Two Modern LNG Carriers To Meet Local And Intern...

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Baltic Exchange - Tanker report – Week 2

Baltic Exchange: Tanker report – Week 2 Clean: The CPP tanker market remained mostly und...

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Maran Tankers took delivery of its first Dual Fuel VLCC

Maran Tankers Management Inc. has welcomed its first Dual Fuel VLCC, Antonis I. Angelicoussis to Mar...

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Decarbonisation of Sea Giants: SWS awarded by RINA First AiP of LNG / Hydrogen Fuelled VLCC

The innovative ship design and propulsion arrangement from the Chinese shipyard will reduce ship res...

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Baltic Exchange: Tanker report – Week 49

Clean LR2s in the Middle East Gulf have remained stable this week with TC1 holding around the WS2...

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'Next Bridge Solution' for Zero Emission Ships Ammonia Ready LNG Fueled Ship Moves to Actual Design

"Next Bridge Solution" for Zero Emission Ships Ammonia Ready LNG Fueled Ship Moves to Actu...

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ADNOC Logistics & Services Successfully Closes Zakher Marine International Acquisition

Acquisition further strengthens ADNOC L&S’ leading position as region’s largest ship...

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Gibson Shipbrokers Ltd : Weekly Tanker Market Report - Fair Value?

Gibson Shipbrokers Ltd : Weekly Tanker Market Report - Fair Value? VLCC earnings have been remark...

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Baltic Exchange: Tanker Report - Week 44

Baltic Exchange: Tanker Report – Week 44 Clean The Middle East Gulf has seen a mixture o...

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Lloyd's Register grants AiP showing 29% reduction on EEDI for SDARI designed Oldendorff Newcastlemax with Anemoi Rotor Sails

Lloyd’s Register has granted Approval in Principle (AIP) for an SDARI (Shanghai Merchant Ship ...

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The Baltic Exchange - Tanker report - Week 43

The Baltic Exchange - Tanker report – Week 43 Clean In the Middle East Gulf this week LR...

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Capital Ship Management Corp. Takes Delivery of M/T 'Alterego'

Capital Ship Management Corp. took successful delivery recently of the newbuilding vessel M/T &lsquo...

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Baltic Exchange: Tanker report - Week 42

Baltic Exchange: Tanker report – Week 42 Clean The BCTI finished the week at 1231, up fr...

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The Baltic Exchange: Tanker report - Week 41

The Baltic Exchange: Tanker report – Week 41 Clean In the Middle East Gulf this week ear...

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Combining technologies to achieve real fuel and emissions reductions

A match made at sea - combining technologies to achieve real fuel and emissions reductions. In a ...

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The Baltic Exchange: Tanker report - Week 40

The Baltic Exchange: Tanker report – Week 40 Clean In the Middle East Gulf this wee...

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NYK Celebrates Its 137th Anniversary

On October 3rd, NYK president Hitoshi Nagasawa marked the 137th anniversary of NYK’s foun...

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China launches new generation VLCC with rigid wing sails

China Classification Society (CCS) is hailing a major milestone after overseeing the delivery and na...

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International Maritime Industries signs an agreement with Bahri Logistics to expand its warehousing and logistics

International Maritime Industries, the largest offshore basin in the Middle East and North Africa re...

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Bureau Veritas Delivered an Approval In Principle to a LNG Dual Fueled And Ammonia Prepared VLCC

Bureau Veritas (BV), a world leader in testing, inspection and certification, has awarded an Approva...

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Baltic Exchange: Tanker report - Week 38

Baltic Exchange: Tanker report – Week 38 Clean Freight levels in the Middle East Gulf co...

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Baltic Exchange: Tanker Report - Week 37

Clean Middle East Gulf LR CPP freight climbed early on and then began to fall after plateauing th...

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DACKS receives first dual fuel VLCC construction order from Japanese shipowner

MOL recently announced that it has signed an order with KHI for two 309,000 dwt LNG-powered VLCCs to...

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DNV and DSME join hands to develop wind-assisted propulsion system

Wind-assisted propulsion will be the focus of a major innovation drive between DSME and DNV as part ...

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RWO launches additional OWS offering at SMM

RWO, a leading supplier of intelligent water management solutions, has unveiled its latest oily wate...

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Norwegian company will plug an emission leak

Norwegian company will plug an emission leak. Eliminating pollution and extracting its value. ...

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MOL Decides to Build 6 Large Vessels Using LNG as Main Fuel

MOL (Mitsui O.S.K. Lines) decides to Build 6 Large Vessels Using LNG as Main Fuel, Steadily Pro...

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CHI (Dalian) completed the repair of

Recently, the VLCC crude oil tanker "Yuanshanhu" was repaired by COSCO SHIPPING Heavy...

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Capital Ship Management Corp. Takes Delivery of M/T 'Amore Mio'

Τhe first of two ammonia and LNG fuel ready sister ships to be delivered in 2022. Athens, Gre...

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KOTUG to provide additional support to operations in Guyana

KOTUG’s ‘SD Honour’ joins ‘SD Power’ to provide continuous t...

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V.Group welcomes three new LNG Dual Fuel VLCC vessels

V.Group will be providing full technical management of the three LNG dual-fuel new build vessels tha...

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Asyad Deploys Smart Data Management Solutions And 4ir Technologies Across Its Shipping Fleet

The private sector is a key player in the logistics sector's digital transformation and susta...

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Shipbuilders look toward a future of greener vessels and robot ships

A 174,000 cubic meter LNG carrier built by Hyundai Heavy Industries [HYUNDAI HEAVY INDUSTRIES] &n...

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Let's see the Routes and Speed of Cargo Ship

Japan relies on imports for most of its natural reso...

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DNV awards KSOE with AiP for new LNG fuel supply system Hi-eGAS

Korea Shipbuilding & Offshore Engineering (KSOE) and its subsidiary Hyundai Heavy Industries (HH...

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Lloyd's Register grants AiP showing 29% reduction on EEDI for SDARI designed Oldendorff Newcastlemax with Anemoi Rotor Sails

Lloyd’s Register has granted Approval in Principle (AIP) for an SDARI (Shanghai Merchant Ship ...

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Lloyd's Register grants AiP showing 29% reduction on EEDI for SDARI designed Oldendorff Newcastlemax with Anemoi Rotor Sails

Lloyd’s Register has granted Approval in Principle (AIP) for an SDARI (Shanghai Merchant Ship ...

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Delivery of VLCC Newbuilding

Okeanis Eco Tankers Corp. has  announced that it has taken delivery of the VLCC NISSOS NIK...

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ADNOC L&S Acquires 3 Additional New-Build Vessels to Meet Growing Global Demand for LNG

Acquisition is part of company plans to overhaul LNG fleet & supports ADNOC’s current LNG ...

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Lamprell and IMI complete Load-out and Float-off of New Jackup Rig

Lamprell (together with its subsidiaries, “the...

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AET charts pathway towards lower carbon future with delivery of second dual-fuel VLCC, Eagle Vallery

Eagle Vallery, the second dual-fuel VLCC was successfully and safely delivered by Samsung Heavy Indu...

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V.Ships appointed to manage one of the world's first dual-fuel VLCC tanker

V.Ships appointed to manage one of the world’s first dual-fuel VLCC tanker Last month, AET ...

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APSEZ And IOCL has signed an agreement that expands the scope of their long-term partnership

APSEZ And IOCL To Build On Relationship At Mundra Port IOCL To Construct Nine New Crude Oil Tanks. ...

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One of the world's first Dual-Fuel VLCCs unveiled in South Korea

AET, a leading owner and operator of maritime transportation assets and specialised services, named ...

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Indian Register of Shipping completes CAP certification of VLCCs and LPGs of MOL Tankship Management Pte Ltd

Indian Register of Shipping has successfully completed Condition Assessment Programme (CAP) certific...

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DNV awards AiP for methanol-fuelled VLCC developed by DSIC and CSET

DNV recently awarded an Approval in Principle (AiP) certificate to Dalian Shipbuilding Industry Comp...

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Asyad Shipping Signed MOU with Japanese Giant Suzue Corporation

-  MOU opens new prospects for collaboration and unlocks mutual business opportunities -&nbs...

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Columbia seals new cooperation deal with International Maritime Industries (IMI)

CSM has signed a memorandum of understanding with International Maritime Industries (IMI). The de...

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Asyad Terminals - Duqm to manage and operate 3 berths in Port of Duqm

Muscat: In line with the official inauguration of Port of Duqm, Asyad Ports-Duqm is set to comm...

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MAWANI secures deal with Bahri to set up logistics park at Jeddah port

Riyadh, February: The Saudi Ports Authority (MAWANI) has agreed a long-term deal with shipping ...

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PrimeServ Retrofits Greenest-Ever SCR System for German Cruise Ship

MAN PrimeServ Augsburg, a unit of MAN Energy Solutions, has concluded the retrofittin...

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Demolition Report 2021

Introduction and Overview 2021 saw significant trends and changes in the Shipping industry with r...

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Bahri signs MoU agreement with Maaden at Future Minerals Forum

Two parties will seek to develop cooperation across various logistics sector fields  Riyadh:...

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Wind energy: propelling shipping to zero emissions

Image: Norsepower rotor sails on Maersk Tanker’s Maersk Pelican. The vessel realised 8.2% savi...

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Korean shipyards command 37% of global orders in 2021, best in 8 years

South Korean shipyards had their best year in eight years in 2021 by commanding 37 percent of worldw...

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Heidmar Inc & Capital Ship Management Corp. Announce Formation of a Joint Venture

ATHENS, Greece, January 6, 2022 – Capital Ship Management Corp. (‘Capital’) and He...

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FueLNG drives adoption of LNG in Singapore with over 460 operations conducted in 2021

FueLNG drives adoption of LNG in Singapore with over 460 operations conducted in 2021 Awarded ...

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A Tale of Two Cities: 2021 Dry and Tanker Market Analysis

Using Signal Ocean data, we analyse the trends and changes across the major vessel sizes in the...

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