Orders from South Korean and Dutch partners, alongside demand for offshore engineering service vessels, are creating new opportunities for Vietnam’s shipbuilding industry. Sustaining this growth will require investment in technology, workforce development and...

Read More

The conversion of aging liquefied natural gas (LNG) carriers into floating storage and regasification units (FSRUs) is emerging as a potential growth market for the shipbuilding industry. FSRUs function as offshore LNG terminals, storing LNG onboard and converting it...

Read More

Europe’s carbon market could provide financial incentives for shipowners to switch to alternative fuels, although the level of support would vary significantly between fuel types. A proposal to revise the European Union’s Emissions Trading System (EU ETS) would...

Read More

Rotterdam’s B30-VLSFO (POMEME) price has risen by $11/mt over the past week, while the port’s conventional VLSFO price has increased by $30/mt. This has narrowed the price premium for B30-VLSFO over conventional VLSFO by $19/mt to $155/mt. Dutch suppliers can generate...

Read More

The Malta-flagged medium-sized tanker Agioi Fanendes is heading to New York carrying Russian diesel, according to shipping data, with the Kremlin expecting deliveries to continue on a regular basis. Kremlin spokesperson Dmitry Peskov said on October 23 that the first...

Read More