Signal Weekly Tanker Market Monitor: Freight Market VLCC AG Supply Vs Demand

Chart of the Week| AG Supply Vs Demand • Despite some encouraging short-term signals, the underlying demand is not yet strong enough to fully warrant the current positive sentiment in the VLCC market. • AG freight conditions have improved from the early-January extremes, alongside a roughly 20% reduction in net vessel supply from recent peak …

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Shipping’s methanol mandate

In the race to re-fuel the shipping industry with environmental alternatives to heavy fuel oil, methanol has its staunch supporters. The greener, leaner fuel also has a firm foundation to build on. Marius Leisner, senior principal consultant in the Environmental Advisory unit at DNV, said methanol boasts a “ten-year track record as a marine fuel”, …

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Greece warns shipping fleet of risks after Black Sea drone attacks

Greece has warned its shipping fleet to review their security measures when sailing to Russian Black Sea ports after drone attacks on two Greek-operated tankers this week, according to shipping ministry advisories. Drones struck two oil tankers on Tuesday, including one chartered by U.S. oil major Chevron, as they sailed toward a Black Sea terminal …

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