Author name: admin

Tanker freight rates for Russian crude oil rise in August amid EU sanctions, higher exports

Freight rates for Russian crude shipments from Baltic ports to India have risen in August, driven by fresh European Union sanctions and increased demand for tankers after higher loading volumes this month, trade sources said and shipping data showed. The cost of shipping Urals crude from Baltic ports such as Ust-Luga to India has climbed …

Tanker freight rates for Russian crude oil rise in August amid EU sanctions, higher exports Read More »

Hapag-Lloyd tackles huge fleet upgrade programme with DNV support

Adapting flexibly to new regulatory and market conditions has always been key to the success of Hapag-Lloyd AG (HLAG), enabling the company to build a legacy of over 175 years. Increasing demand for container transport and new emission rules prompted the container liner company to explore strategies to improve energy efficiency and the cargo carrying …

Hapag-Lloyd tackles huge fleet upgrade programme with DNV support Read More »

Tankers: VLCC Market Dips Slightly

Clean LR2 LR2 freight in the MEG was steady with modest improvement this week. The TC1 75kt MEG/Japan index climbed from WS140 to WS147.5. A TC20 90kt MEG/UK-Continent trip also ticked up $12,500 of value to $3.93 million. West of Suez, Mediterranean/East LR2’s ended the week assessed $20,000 higher at $2.97 million for a TC15 …

Tankers: VLCC Market Dips Slightly Read More »

Scroll to Top