Gas carrier BW LPG plans to retrofit another four of its largest gas carriers to operate with dual fuel engines capable of burning two types of fuel. This will bring the company's total number of retrofitted vessels to eight.
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.