Tag: Diesel
Diesel Trades to Dominate the Product Tanker Market
The product tanker is expected to be impacted by the lack of diesel supplies, after Russia’s decision to ban exports. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “the world’s oil refineries are unable to produce enough diesel, denying from economies the fuel they rely on to run their industries and transports and…
Russian diesel oil exports in September hit the lowest level of the year
In the last week of September, there is some optimism in the VLCC crude oil freight market after a difficult summer season. It should be noted, however, that while there are positive signs, growth rates in tonne days aren’t yet robust. The real test is ahead as we move into October, with supply figures already…
Tankers: Diesel Trade Landscape Changed After Surge in Russian Diesel Imports
The diesel trade in ton-miles demand is a totally different “animal”, after Brazil has significantly increased Russian diesel imports. In its latest weekly report, shipbroker Intermodal said that “the diesel import landscape in Brazil has undergone a significant transformation with a surge in Russian diesel imports, impacting the energy and shipping sectors. Diesel prices in…
ClassNK, Consort Bunkers, Daihatsu Diesel, Daikai Engineering, and SeaTech to collaborate on development of Ammonia Fueled Ammonia Bunkering Tanker
ClassNK, Consort Bunkers Pte Ltd, Daihatsu Diesel Mfg. Co.,Ltd., Daikai Engineering Pte. Ltd., and SeaTech Solutions International (S) Pte Ltd. have concluded a Memorandum of Understanding concerning a joint study on an ammonia fueled ammonia bunkering tanker. The MOU was signed by representatives of all five parties with the presence of an official from Maritime…
Carbon capture project by Wah Kwong and Shanghai Marine Diesel Engine Research Institute (SMDERI) receives Approval in Principle from Bureau Veritas
Approval in Principle follows joint study that confirms feasibility of retrofitting carbon capture and storage (CCS) technology onboard existing ships. Paris La Défense, France – 21 June 2023: Bureau Veritas (BV), a world leader in testing, inspection and certification, has delivered an Approval in Principle (AiP) to Wah Kwong Maritime Transport Holdings, a Hong Kong…
