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Freight rates to ship Russia’s Urals crude to India have fallen further and remain at their lowest since Western countries introduced a price cap late in 2022, boosting the economics of Moscow’s oil exports, industry sources told Reuters. Prices for Urals in India have also strengthened, keeping estimates on a FOB basis in Russian ports, …

Russian oil shipping costs to India easing amid fleet supply, weak market, sources say Read More »

A backlog of liquefied natural gas (LNG) tankers is waiting to load at Malaysia’s Bintulu terminal this week after outages and maintenance work disrupted production, according to industry sources and shiptracking data. The Bintulu facility in Sarawak, controlled by state-owned Petronas, consists of nine LNG production trains run by four different operators with total capacity …

LNG tankers line up at Malaysia’s Bintulu complex after maintenance Read More »

At yesterday’s SMM trade fair in Hamburg, DNV awarded Huangpu Wenchong Shipbuilding Company (HPWS) three approval in principle (AiP) certificates for their innovative designs of three new ship types. The three new designs include: • an ammonia-fueled 43,000 cbm midsize gas carrier (MGC) • an ammonia-fueled SWAN 3,500 TEU container ship, and • a LNG …

SMM 2024: DNV awards HPWS AiPs for three innovative designs Read More »

Bureau Veritas Marine & Offshore (BV M&O) has launched a new smart hub, “MOVE by Bureau Veritas”, at the SMM maritime conference in Hamburg, Germany. Currently available for shipowners, MOVE is designed to integrate various maritime digital applications, helping reduce operational complexity by enabling fast, informed decision-making on asset compliance and performance. MOVE offers shipowners …

Bureau Veritas streamlines vessel and fleet compliance and performance with the launch of its new smart hub, MOVE Read More »