Clean LR2 MEG LR2’s improved optimistically this week. The TC1 75kt MEG/Japan index rose 12 points to WS180. This moved the corresponding TCE to $43,200/day Baltic description round trip. A voyage west on TC20 90kt MEG/UK-Continent also ticked upward this week by...

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China has issued crude oil import quotas for 2026 to three refineries based in Shandong province, which were sold last year by state-run Sinochem Group to independent operators, two trading sources with knowledge of the matter said on Friday. The quotas were issued to...

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Frontline plc. announces a strategic fleet renewal initiative, involving both the acquisition of new vessels and the sale of older vessels. Sale of eight of its oldest 1st generation ECO VLCCs The Company has entered into an agreement to sell eight of its oldest 1st...

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Happy 2026! The Shipbreaking Platform team would like to wish you all a year full of happiness, compassion, and good energy. We all need it! In the second issue of Shipbreaking Monthly, and the first in 2026, we will cover news and activities from the end of last...

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Mitsui O.S.K. Lines, Ltd. announced the signing of a memorandum of understanding (MOU) for a strategic partnership with ITOCHU Corporation (ITOCHU; President & COO: Keta Ishii) to advance decarbonization in the transportation sector through the use of...

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Gard recently provided an overview of cocaine trafficking as it effects commercial vessels, operations and crew. Based on the report from the UN Office on Drugs and Crime, we noted the dramatic increase in the cocaine flows from Andean countries to Europe as compared...

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