NYK has signed long-term charter contracts for four new liquefied natural gas (LNG) carriers with EnBW Energie Baden-Wuerttemberg AG (hereafter EnBW), a major German energy company. These four vessels will be built at HD Hyundai Heavy Industries Co. Ltd. in South...

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The world’s leading marine supplier of provisions and stores, Wrist came out of 2022 with a strong financial result despite highly volatile market conditions. The high level of investments in digitalization and expansion into new markets continued. Wrist has entered...

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HMM, Korea’s largest container shipper, suffered a steep decline in sales and profits in the first quarter as freight rates had been lowered to pre-pandemic levels, following its peak last year. Its net profit dropped by 91 percent on year to 285.3 billion won ($213.2...

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Asia’s spot cash premium for very low sulphur fuel oil (VLSFO) climbed on Tuesday amid firmer bidding and lower arbitrage supplies from the West, while high sulphur fuel oil was range-bound on thin activity. The 0.5% VLSFO premium (MFO05-SIN-DIF) rose to $9.25 a tonne...

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HSFO and VLSFO availability is tight in Singapore. Recommended lead times for both grades are about 8-12 days. LSMGO is more readily available with a shorter lead time of 4-6 days. East Asia Bunker demand is said to be “weak” in Zhoushan’s outer port limit (OPL) and...

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With experts predicting the tanker market will see strong growth for years, tanker owners are relying on a planned maintenance program with frequent assessments of their critically important cargo pump systems to ensure safe transport of oil and avoid costly downtime....

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