The flows of tanker cargo have already been changed by the Ukraine war, now in its third month, with additional shifts, possibly of the “tectonic” variety, on the horizon.

Stolt-Nielsen announced that it has agreed to purchase three stainless steel chemical tankers ahead of an expected market improvement.

NYK has inked a fourth long-term charter for an LNG carrier with France’s EDF Group.

The absence of the usual Q1 low in dry bulk markets helped Norden to a $117.1m profit for the quarter, up from a $14.9m loss in Q1 2021.

China Merchants Energy Shipping (CMES) is planning to build and invest in up to 22 LNG carriers.

Guangzhou Shipyard International (GSI) has started sea trials of the Stena Pro Patria, the first methanol powered dual-fuel tanker constructed in China.

Louis Dreyfus Company (LDC) successfully completed biofuel trials on its Brazil-Europe fruit juice trade.

Euronav announced it has sold four of its older VLCCs and bought two newer eco-VLCCs as part of its fleet modernisaton programme.

Klaveness Combination Carriers (KCC) has agreed efficiency upgrade packages for two of its combination carriers, with options to retrofit a further nine vessels.

The cross-sector ClarkSea Index clocked $36,507 a day during the first quarter of 2022, double the 10-year average and the strongest start to a year than at any equivalent period over the last three decades.