The European shipping industry urges the EU to bolster maritime security in the Gulf of Guinea

The Gulf of Guinea remains a high-risk area for piracy and armed robbery. European shipowners are extremely concerned about the escalating rate of piracy incidents and the continued levels of violence in the Gulf of Guinea. The latest International Maritime Bureau (IMB)’s Piracy & Armed Robbery Report demonstrates that the Gulf of …

Latest financial markets assessment

Container shippingDespite the unpredictability amid the escalating trade war between the US and China, container carriers performed better in 2Q19 than in 2Q18. Nonetheless, clouds of uncertainty have been hovering around the industry as spot rates continue to decline on major East-West trades notwithstanding better capacity management by carriers. On …

Total’s First LNG Bunker Vessel Launched

Paris, October 18, 2019 – Total announces that its first large liquefied natural gas (LNG) bunker vessel has been launched, following the signature of a long-term charter contract between Total and Mitsui O.S.K Lines (MOL) in February 2018. After delivery in 2020, the bunker vessel will operate in Northern Europe, where …

Two of the world’s first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers unveiled in South Korea​

Next-generation DPSTs to serve on long-term charter to Norway’s Equinor 16 October 2019 – AET, leading petroleum tanker owner and operator, today named its newest vessels, two of the world’s first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs). The vessels, the cleanest DPSTs ever built, will emit 40-48% less carbon …