Tankers Are Aging: The Challenges Ahead

The growing average age of the tanker fleet is expected to pose challenges moving forwards, as owners are searching for more clarity regarding compliance with future regulations. In its latest weekly report, shipbroker Gibson said that “the tanker fleet is aging. The...
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HSFO cracks jump but spot benchmarks capped

HSFO cracks jump but spot benchmarks capped
Cracks for high sulphur fuel oil (HSFO) hit fresh highs in Asia on Friday, though spot benchmarks remained capped. The 380-cst HSFO/Brent crack for June hit a premium of about $3.70 a barrel at the Asia close, the highest on record, LSEG data showed. Meanwhile, the...
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