Asia’s fuel oil market held steady to mildly softer on Tuesday, with ample supplies expected into December. Spot premiums for very low sulphur fuel oil (VLSFO) dipped below $4 a metric ton, while backwardation continued to narrow at the prompt months. Refining margin...

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The leading provider of fleet performance solutions, Oceanly, has conveyed a stern warning that the green fuels push may lead to increased global emissions. As the race to decarbonize the industry focusses on alternative fuels such as hydrogen, ammonia, biofuels, and...

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European Union envoys will discuss a 15th package of sanctions on Wednesday in response to Russia’s 2022 invasion of Ukraine, including on tankers carrying Russian oil and Chinese firms involved in making drones for Moscow, EU diplomats said. A total of 29 entities...

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TEN, Ltd (TEN) reported results (unaudited) for the nine months and third quarter ended September 30, 2024. NINE MONTHS 2024 SUMMARY RESULTS In the first nine months of 2024, with 11 vessels undergoing scheduled dry docking and three performing repositioning voyages,...

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Highlights Charter backlog increased to USD 1.2 billion with increased contract coverage for 2025 (85%) and 2026 (57%) Quarterly recurring dividend of USD 0.10 per share, bringing aggregated total dividends to USD 937 million declared since February 2022 The financial...

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