Chinese shipping company China Merchants Energy Shipping (CMES) has taken delivery of an eco-friendly very large crude carrier (VLCC) from compatriot shipbuilder Dalian Shipbuilding Industry Company (DSIC). Credit: DSIC As informed, the 300,000-ton VLCC was named […]
Home Green marine Poten: Unipec king of VLCC charters, Lukoil doesn’t make the cut Unipec, a wholly-owned subsidiary of China Petroleum & Chemical Corporation, remained the king of the VLCC charter market in 2022 with […]
ENB Pub Note: Is this “Political Energy Crisis Hypocrisy? In a word, yes. The Biden administration continually makes catastrophic energy policy decisions. This is costing the United States consumers a huge amount of money they […]
Athens headquartered Dynagas LNG Partners LP (NYSE: DLNG) reports that it has entered into a new time charter party agreement with Equinor ASA for the employment of the 2013 built ice class 1A FS LNG […]
Russia and Iran are building a new transcontinental trade route stretching from the eastern edge of Europe to the Indian Ocean, a 3,000–kilometer (1,860–mile) passage that’s beyond the reach of any foreign intervention. The two […]
Spectacular ordering in the LNG sector has dominated shipyard news in 2022. Clarksons Research has tallied a record total of 170 LNG carriers ordered so far in 2022, up 95% on the 2021 full year […]
It’s no secret that international trade is still reeling from the COVID-19 pandemic, the war in Ukraine, and the energy and monetary problems both have caused. But a recent episode involving Turkey and its Black […]
Chalk up another way that China is benefitting from Western sanctions against Russia. First we saw China seize the opportunity to buy Russian oil at a steep discount. Now, China’s shipyards are racking up record […]
Authored by Tsvetana Paraskova via OilPrice.com, Sanctions on key oil exporters have given rise to a lucrative black market for crude. The EU embargo on Russian crude oil imports and the price cap on Russian […]
Supertanker rates reached record levels earlier this year. Very Large Crude Carrier rates have plunged to just $38,000 per day, falling some 62% from a few weeks ago. OPEC+ cuts and waning SPR releases are […]
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