Clean LR2 MEG LR2’s once again were subject to downward pressure this week. The TC1 rate for 75Kt MEG/Japan dropped another 14.17 points to WS115.83 while the gokt MEG/UK-Continent TC20 voyage also dipped by $100.000 to $3.984.560. West of Suez, the...

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After several years of development, RM Propulsion has completed its test rig for testing stern tube seals. Type approved Stern tube seal In May this year the first test runs were successfully made in order to obtain the DNV Type Approval for RMS OCEAN SEAL. We have...

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On 23 August, one day before Ukrainian Independence Day, the United States’ Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced new measures to degrade Russia’s wartime economy. With this latest action, the US sanctioned...

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Indonesia seeks to import another goo,ooo metric tons of rice until the end of this year amid expectations of lower output anddelayed planting season, the country’s food procurement company Bulog said on Friday. As of Aug. 30, Bulog has contracted 2.7 million...

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Cyprus wants to end a state monopoly over the import of natural gas in an attempt to find a quick workaround over serious project delays in getting the commodity to market, several industry sources told Reuters. Efforts to introduce natural gas to the local market...

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The HyEkoTank project is the world’s largest ongoing fuel cell retrofit project, aiming to demonstrate zero-emission fuel cell and hydrogen technology contributing to decarbonization of the worlds existing fleet of more than 100,000 ships. By introducing...

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