Oil shipping costs soar for key routes on Russian invasion

Low sulphur fuel adds $20,000 to annual ship operational costs

(May 20 2021)

The introduction of rules last year to reduce ship sulphur emissions is resulting in a significant hike in operational expenditure for ship managers, with the use of low and very low sulphur fuel potentially resulting in system and engine damage.

Baltic Exchange launches new ship operating expenses assessment for LNG and LPG tankers

(May 14 2020)

The Baltic Exchange has added quarterly assessments (GOPEX) on the cost of operating LNG and LPG tankers to its growing suite of shipping investor tools.

New OPEX assessments for tankers

(Apr 30 2020)

The Baltic Exchange has added quarterly assessments of the cost of operating crude oil carrying Aframax tankers and clean product carrying Medium Range (MR) tankers to its growing suite of shipping investor tools.

DNV GL approves Nautisk offering

(Mar 31 2014)

Global chart distributor Nautisk has gained DNV approval for its Neptune pay as you sail (PAYS) solution.

Maersk Tankers in pilot projects to save cash

(Oct 20 2013)

To try to help try to reduce costs in a dire market for large tankers, Maersk Tankers recently took the decision to layup two VLCCs and upgrade a 2012-built VLCC.