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As the shipping industry evolves by shifting towards the use of alternative fuels that will be more sustainable in the future, BIMCO publishes the first of many more supply terms addressing this issue. The LNG Bunker Terms are now available for use as a simple Annex B to the existing BIMCO Bunker Terms 2018.
Venezuela’s Challenges: The decline in Venezuelan crude trade to the US is one of the biggest consequences of the economic and political problems faced by the country. Between January and August 2017, crude shipments to the US averaged 0.69 million b/d, down by 175,000 b/d compared to the same period in 2015. The weekly tanker market report by Gibson Shipbrokers.
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